Nirjhar Majumdar

Articles By Nirjhar Majumdar

14 Articles

Time has come for job loss insurance in India – Govt seeks suggestions from Irdai, other agencies

While government schemes are run by way of contributions made by the employers in the form of “Payroll Taxes”, the commercial insurance products are purchased by paying appropriate premiums.

This cover is available with a reasonable life cover only. If the home loan is for 20 years, the insurer has to pay only 1.5% of the total value of the loan.

How Coronavirus has made life insurance even more important now

For young people, a protection plan is an excellent option. It is best to take term and savings-oriented products together

Life Insurers take note: It’s the time to connect with policyholders

At a time when many may delay payment of renewal premiums, insurers need to check if they are happy with their policies

Coronavirus Outbreak, Novel Coronavirus COVID-19, global pandamic, life insurance, Life Insurance Corporation of India, LIC, weighted received premium, WRP, HDFC Life, SBI Life, IPRU Life, Max Life, Covid-19 questionnaire

Retirement planning: Do not ignore individual pension plans

A combination of provident fund, super-annuation schemes and NPS can offer limited pension only. Individual pension plans of life insurance companies can help fill up the gap

Retirement planning, EPFO, NPS, GDP, OECD countries, EPF savings, Individual Pension Plans, pension systems

Why hospitals need to revise their tariffs for surgical procedures

The price of surgical procedures cannot be left to be determined only by the forces of demand and supply in a low-middle income country like India.

Indian Medical Association-Hospitals Board of India, Claims Ratio, third-party administrators

Explained: Why you need to wait to reap the benefits of insurance

While there is scope to bring in more exciting features in traditional products, insurers need to build a committed band of agents who can make customers understand the need to remain loyal to a product for a long time

insurance, insurance companies, psb, insurance in india, types of insurance, benefits of insurance

Life Insurance: 3 steps to choosing the right insurer

An insurer’s claims settlement ratio and lapse ratio alongwith average productivity of its insurance agent tells how efficient an insurer is

Life Insurance: Why Indians are living dangerously

How many Indians are covered by life insurance? According to Irdai’s Handbook 2016-17 (Table 9A), 32.81 crore of policies are in force in the books of life insurance firms in India.

Insurance policy: Here is how you are now protected even more

Irdai has ordered insurance companies to mention important policy conditions like guaranteed surrender value, types of bonuses to be declared, details of revival schemes in the policy document itself.

Insurance policy, Insurance policy in india, Irdai, interests of policyholders, Guaranteed Surrender Value, policyholders, GSV, insurance companies, insurance companies in india, indian insurance companies, policyholders’ protection

Union Budget 2017: Arun Jaitley’s income tax proposals to boost insurance sector; here’s how

This year’s Union Budget will help the insurance industry to grow at a rapid pace as certain proposals will benefit both the life and non-life sectors.

money, tax saving, surcharge @10% 5% union budget, budget 2017, taxpayers, arun jaitley, finance minister

Child insurance plan: How to secure your child’s future

A child insurance plan taken early will ensure higher payouts to meet the cost of professional courses

Child insurance plan: How to secure your child’s future

Insurance: Industry needs better educated, confident and tech-savvy tied agents

Insurers must use tied agency channel more effectively to improve customer experience, and thereby improve customer loyalty and advocacy

Insurance: Industry needs better educated, confident and tech-savvy tied agents

Choose apt life insurance plan to reach goals

Life insurance is an important element in financial planning. There are various types of life insurance products and all are useful for various life insurance needs.


Saving for retirement? Why annuity products make sense

An annuity product is a convenient tool for financial planning. It encourages people to save for retirement as premiums are very low at younger age and for those who opt for linked pension

tips for investment
Income Tax Calculator, Budget 2019, How to Calculate Income Tax


Stock Market