Insurance

Rs 1 crore Guaranteed Income Life Insurance Plan: How much premium you need to pay

Guaranteed Income Plan in Life Insurance: The premium to be paid in a term plan is less. However, as the savings component is involved, you need to pay a very high premium in a guaranteed income plan
guaranteed income plan rs 1 crore cover

Should you buy Guaranteed Income Plans for Life Insurance? Check Pros and Cons

The only con of guaranteed income plans is the overall return of the product is usually lower than its counterparts but that is mainly because of the insurance portion in-built into the plan

guaranteed income plans

Postal Life Insurance subscriber? Now get policy bond on digilocker, use it to settle maturity amount

Launched in collaboration with Digilocker, ePLI bond is expected to facilitate citizens in a meaningful way by providing ease of access and quick claim settlements.

life insurance

World Mental Health Day 2021: Consider buying health insurance plans to cover mental illness

Last year 40% of Indians were suffering from common mental health problems due to Covid-19, as per a survey conducted by the Indian Psychiatric Society.

How your health insurance will help if taking treatment at a non-network hospital

Health insurance companies on board a number of hospitals, clinics on their network. These networked medical facilities provide services to policyholders at a lower fee.

health insurance

What is a Third-Party Administrator (TPA) and its relevance in Health Insurance?

A TPA plays an indispensable role in the complete processing of a health insurance claim.

health insurance

World Heart Day: Key points to keep in mind before buying cardiac plan for heart ailments

World Heart Day: Not just heart-related ailments, cardiac plans also cover hospitalization expenses for all diseases covered in a mediclaim policy.

world heart day

Why it is a good time to invest in market-linked products – Find out

Your financial roadmap must talk about robust planning for not just the ongoing COVID-19 pandemic but also some common unforeseen circumstances, like death, disease and disability.

Health insurance: Insurers need to own hospitals so as to reduce medical costs

This impasse has been going on for years. No wonder Indian health insurance has the highest complaints rate as compared to other countries.

Embedded Value: Assign your life insurance policy to get funds

You can borrow money from a bank by assigning your life insurance policy to it. On repaying the loan, bank must reassign the policy to you and a fresh nominee has to be made

There is also a less popular provision in the form of assignment of a life insurance policy which provides several options to the policyholder to convert the intrinsic value of a policy at a certain point of time into cash flow for himself.

Should you buy multiple life insurance policies?

Is there any benefit of having multiple life insurance policies? Just as most things in life, anything done in excess is not good. So having way too many life insurance plans is also not advisable. It

benefits of multiple life insurance policies

How to reactivate a lapsed life insurance policy?

Has your life insurance policy lapsed owing to any unavoidable reason? Here's how you can revive a lapsed policy.

Why it is important to renew motor insurance despite the pandemic

Motor insurance covers the risk of your vehicle getting damaged due to cyclone, earthquake, natural calamities, building collapse, stone falling, fire, theft etc, while your vehicle stationed.

motor insurance renewal

Holding multiple health covers? Here is how cashless and reimbursement claims work

If the amount to be claimed exceeds the sum insured under a single policy, the policyholder has the right to choose the insurer from whom he or she wants to claim the balance amount.

how cashless and reimbursement claims work

Your Money: Insurance – Peace of mind and tax benefits, too

Section 80C includes an exhaustive list of investments on which you can claim tax deduction while filing for your taxes. Some of these are Employee Provident Fund, Public Provident Fund, life insuranc

IRDAI permits insurers to sell short-term Covid policies till March 2022

Amid rising number of coronavirus cases in the country, IRDAI had last year asked all insurance companies to come out with 'Corona Kavach' policies (standard indemnity based health policy) and Corona

The company is also offering premium holiday for customers after few years without any question asked, he said, adding, there are special exit options as well.

Life insurance: Upward trend in premium growth of private players

Buoyant capital markets supporting revival in Ulips and continued strong momentum in non-par savings and annuity segments are likely drivers

Buoyant capital markets supporting revival in unit-linked insurance plans (Ulips) and continued strong momentum in non-par savings and annuity segments are likely drivers for private players.

Cyber risks: Irdai issues cyber insurance product norms

The guidance will improve the development of the cyber insurance market with new products and enhance benefits for policyholders

At present, general insurance companies are offering cyber insurance products with exclusive coverage for individuals to protect against cyber perils. The policies cover first party losses such as direct financial loss, data recovery and regulatory actions.

Maharashtra: Over 7 lakh farmers call insurance firms to inform about crop damages due to excessive rain

Besides crop damage, the farmers also informed about washing away of their farm soil, damages caused to cattle sheds and other issues

seven lakh ,maharshtra farmers, current monsoon season, armers call insurance firms, crop damage, state agricultural commissionerate's chief statistical officer Vinaykumar Awate

Is the maturity amount of life insurance policies tax-free?

In a typical traditional policy, the maturity amount comprises of the amount of sum assured and the total of bonuses accrued over the years.

money back policy maturity amount, taxable, taxability, tax-free, life insurance policies, exempt under section 10 10d, LIC policy,

Your Money: Six factors to consider when selecting a life insurance firm

The second half of 2020-21 saw a 16% year-on-year business premium growth, with more people preferring to buy single premium policies (as a protection against future loss of income).

HDFC Life to acquire 100% stake in Exide Life Insurance. Here’s what customers need to know

HDFC Life will acquire 100% stake in Exide Life Insurance from Exide Industries via issuance of 8,70,22,222 shares at an issue price of Rs. 685 per share and a cash payout of Rs.  726 crore aggregati

insurance

Covid-19 claim rejected? Here’s how to lodge complaint with insurer, Ombudsman and consumer court

Health insurance companies have received a total of 23.06 lakh claims worth Rs 29,341 crore as on August 6, 2021, while they have settled Rs 17,813 crore involving 18.99 lakh claims so far.

Covid-19, Coronavirus, Health insurance, claim, complaint, insurance companies

Key things to keep in mind while buying health insurance plans for children at different stages of life

The right approach to choosing the best health insurance policy for children would be according to key life cycle milestones, such as:

insurance for children
Advertisement
Income Tax Calculator, Budget 2019, How to Calculate Income Tax

 

Stock Market

Advertisement
Advertisement