Life Insurer’s Claim Settlement Ratios for Financial Year 2013-14

As per IRDA Annual Report for Financial Year 2013-14, Life Insurance Corporation of India (LIC) has got – 98.14%, the highest claim ratio, followed by ICICI Pru Life – 94.10%. Lowest claim ratio is – 22.14% of DLF Pramerica Life, seconded by Edelweiss Tokio Life – 60.00%. Maximum claim ratio movement in the last one year – IDBI Federal Life (from 18th in FY 2012-13 to 9th in ...

How to encash Kisan Vikas Patra (KVP)?

KVP Certificate shall be encashable at the Post Office of its Issue, provided that a KVP Certificate may be encashed at any other Post Office, if the Officer-in-Charge of that Post Office is satisfied on verification from the Post Office of issue that the person presenting the Certificate for encashment is entitled thereto. When can I encash my KVP? Encashment on ...

How to transfer Kisan Vikas Patra (KVP)?

A Certificate may be transferred from a Post Office at which it is registered or issued, to any other Post Office to the holder or holders by making an application in Form-B at new Post Office. Things you need for KVP Transfer? 1. Filled KVP Transfer Form (Form-B) 2. ID Proof: Driving Licence / Voter ID Card / Passport / Ration Card 3. Residence Proof: Driving Licence / ...

How to Get Duplicate Kisan Vikas Patra (KVP)?

When Duplicate KVP is issued? If the Kisan Vikas Patra (KVP) is lost, stolen, destroyed, mutilated or defaced, the rightful owner of such KVP may apply for the issue of a duplicate KVP to the Post Master of post office, where the certificate is registered or issued. Things You Need 1. Filled Form-NC29 for the Issue of Duplicate KVP 2. Statement or Photocopy showing the ...

How to buy Kisan Vikas Patra?

Kisan Vikas Patra (KVP) Yojna has been relaunched by Government of India on 18th November 2014. Who can buy Kisan Vikas Patra? Any resident person or persons (as specified below) can make an application in Form-A either in person or through an authorised agent at a Post Office. The KVP Certificates shall be of the following types: (a) Single holder type Certificates: A ...

LIC’s New Endowment Plus Plan (Table No.835) : Review

LIC India has launched the new ULIP Plan - New Endowment Plus (Table No.835). This is a first ULIP plan by LIC, since IRDAI issued new ULIP guidelines. Sailent Features of LIC’s New Endowment Plus Plan Minimum Entry Age: 90 Days (completed) Maximum Entry Age: 50 years (nearest birthday) Policy Term : 10 to 20 years Premium Paying Term: Same as Policy Term Minimum ...

Sukanya Samriddhi Account: What are Withdrawal and Closure Rules?

Sukanya Samriddhi Account (SSA) Scheme gets matured on completion of 21 years from the date of opening of the account or when the girl child or daughter gets married, whichever is earlier. Please note that the girl attaining the age of 21 years has no relevance to maturity of this scheme. A- Closure on Maturity or before Maturity due to Marriage of Account Holder: The SSA ...

How Life Insurance Company pays Claim in Suicide Cases?

What is Suicide? Suicide is defined as the intentional killing of oneself. Life insurance policies refer to suicide simply as "suicide," or as "intentional self-destruction," or "death by one's own hand." What are Life Insurance Policy Suicide Clauses? There are certain circumstances that may exclude nominee and legal heirs of policyholder from collecting policy proceed ...

How to buy Best Cancer Insurance Plan in India?

What is a Cancer Insurance? The Cancer Insurance Policy offers coverage towards the costs of diagnosis biopsy, surgery, chemotherapy and/or radiotherapy, hospitalization and rehabilitation. Cancer Covers available in India? In India there are three types of insurance plans: Specialised Cancer Insurance Plans, General Health Insurance Plans or Mediclaim (which also cover ...

How Claim in Overlapping Health Insurance Policy Period is Paid?

If a health insurance or mediclaim policy claim is filed in two overlapping policy periods, it will get the benefit of available sum insured in both of those two policy periods, including the deductibles for each policy period. However, such eligible claim payable to the policyholder shall be reduced to the extent of premium to be received for the renewal of such policy in the ...