Kamalji Sahay

Articles By Kamalji Sahay

54 Articles

Insurance: How to get accident benefit rider with life cover

In developed economies individuals tend to be more self-reliant by adopting various financial tools so that they live their life with dignity and comfort.

Money News

Family’s financial security: Life insurance is not just for saving tax; here’s what you need

IT is commonly believed that life insurance plans are meant for saving on individual taxes. This belief is further reinforced by reports appearing in the media during the last quarter of the financial year when people start t

Money News

Insurance Repository System is a pioneering effort at offering, buying and maintaining policies by individuals

An insurance repository maintains all policies of an individual in a folder making claims settlement process faster

Money News

How to optimise tax for best retirement solutions

While I-T Act encourages building a retirement corpus during working life, tax on annuity is a disincentive

Budget 2019 News

PM Narendra Modi’s digitalisation drive can improve insurance penetration; here’s how

Prime Minister Narendra Modi has been vigorously pursuing the agenda of converting the country’s socio-economic landscape into a digital highway for faster and more inclusive growth.

Money News

Renewal of policies: Demonetisation should motivate people to go for cashless payments

In spite of a long-term contract, the promised services as per the insurance contract are available to policyholders or to their nominees only if the policies are renewed by paying the contracted instalments of premium on or

Banking & Finance News

Gift or collateral: Here’s how to assign a life insurance policy

A life insurance policy can be assigned as a collateral to raise funds or can be given as a gift

Banking & Finance News

Life insurance policy: Check out what magic of final additional bonus is all about

Alife insurance policy is a long-term contract between the policyholder and the insurer for financial protection to the dependents if the policyholder dies during the tenure of the policy.

Banking & Finance News

Financial Planning: Insurance should not be an investment

A life protection cover should never be seen as a means to multiply investment into wealth

Financial Planning: Insurance should not be an investment

Why buying a child insurance policy should never be postponed

As a first stage of financial safety and security, a young couple generally go for an endowment policy for themselves.

Why buying a child insurance policy should never be postponed

How e-commerce in insurance can be a game-changer

According to an estimate by Google India, by 2020 more than 200 million Indians are likely to be make purchases and sales online. This will result in making paperless transactions as high in volume as the cash transactions in

Banking & Finance News

Embedded Value: Only a reasonable insurance cover can provide security to family in distress

The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY) have been a masterstroke by the NDA government in carrying the benefits of insurance to the common man.

Embedded Value: Only a reasonable insurance cover can provide security to family in distress

The wisest use of endowment policy is to invest maturity amount

The endowment policy sold by life insurance companies is one of the oldest forms of life insurance products globally.

The wisest use of endowment policy is to invest maturity amount

Embedded Value: Govt needs to give incentives to make annuity products popular

The finance minister stirred the hornets’ nest when he announced taxing 60% of total EPF withdrawal at the time of maturity unless it is used to buy an annuity product from an insurer. This was the government’s attempt to

Embedded Value: Govt needs to give incentives to make annuity products popular

Embedded value: Reduce service tax on policies to make the premium attractive

Around the world insurance premium has been attracting some tax relief as a measure of incentive to the general public to voluntarily provide for risk cover on their life, health or property.

Embedded value: Reduce service tax on policies to make the premium attractive

Insurance industry is not showing proportionate growth indications

Every insurer has to introspect whether it has to move faster than the existing pace, whether it has to achieve better service efficiency or whether it has to bring in cheaper and more customer-friendly products

Women insurance News

Embedded value: Insurers need to invest in technology to sell, analytics to predict risk

Two major insurance schemes launched by the government, PMJJBY and PMSBY, changed the marketing of insurance products at the bottom of the pyramid

Embedded value: Insurers need to invest in technology to sell, analytics to predict risk

Embedded Value: Endowment policy empowers women with spending power

In India, buying an insurance cover is generally considered to be a man’s responsibility. However, a woman is generally the first beneficiary of all insurance policies.

money News

Slowing down of risk-management mechanism a dangerous situation

The Insurance Act, 2015 had been keenly awaited by the insurance industry for about five years. It was expected that once it is in place, the industry will bounce back to its full potential...

Slowing down of risk-management mechanism a dangerous situation

Irdai guidelines may delay transition to paperless system

In September 2013, Insurance Regulatory and Development Authority of India (Irdai) had launched the insurance repository system as a pioneering act even at a global level.

Irdai guidelines may delay transition to paperless system

Govt policy eroding role of financial institutions

Political considerations should not outweigh economic considerations when the financial commitments are on a very high scale

Govt policy eroding role of financial institutions

Insurers must take cue from PM’s initiative, tap the masses

Jeevan Jyoti Beema Yojana and Suraksha Beema Yojana, recently launched through the banking network by the Centre, have proved fairly successful in ensuring ease of access to the poor and the middle-class citizens in both rura

Insurers must take cue from PM’s initiative, tap the masses

Govt’s life, accident cover schemes no bonanza for insurance companies

With Jan-dhan Yojana, the government expects more than 10 crore account holders to benefit from the scheme.

Govt’s life, accident cover schemes no bonanza for insurance companies

About time insurers unlocked women power

Insurance is the finest tool for securing financial security during, and even after, one’s lifetime.

About time insurers unlocked women power

Agents of change: Men in field hold key to insurance business

Growth in the sector is possible only through feet on street and not just through adoption of best of applications and having an easily navigable website

Agents of change: Men in field hold key to insurance business

Amendments to insurance law seek to reduce litigation over claims

The Insurance Laws (Amendment) Bill has now been cleared by both Houses of Parliament.

Amendments to insurance law seek to reduce litigation over claims

Unholy marriage of Sec 80C and life insurance must end

If we estimate the real value of savings from Section 80C, the R1.5-lakh relief is neither an easy option nor an attractive proposition

Unholy marriage of Sec 80C and life insurance must end