Relationship manager of a leading private bank had suggested an investment cum insurance product to Vipul, a ULIP policy, which their bank was offering due to their tie up with an insurance company. The Relationship Manager explained Vipul all the policy terms in details. Vipul … [Read more...] about Wrong insurance product sold, what to do now?
Archives for April 2011
Why insuring your home is must?
The recent earthquake and then tsunami in Japan has raised concern to cover our self with adequate life insurance and more particularly home insurance. In India, we only take home insurance when we take home loan. But most of us forgot that most of us are living in earthquake … [Read more...] about Why insuring your home is must?
Why should you have both – Health Insurance and Critical Illness?
Health Insurance or Critical Illness policy, not sure which policy to buy – check here which one is best for you. What is Health Insurance? Health insurance is a form of reimbursement insurance that pays you the cost of hospital expenses for any covered illness, disease, or … [Read more...] about Why should you have both – Health Insurance and Critical Illness?
Future Generali launches – Future Generali Wealth Protect
Future Generali India Life Insurance Company has launched a flexible Unit Linked Insurance Plan - Future Generali Wealth Protect. Enhanced protection can be availed through opting for Riders - Accidental Death Benefit, Accidental Total and Permanent Disability Benefit, … [Read more...] about Future Generali launches – Future Generali Wealth Protect
Third party motor insurance premium rates will increase (upto 68%) from 25th April’2011
Insurance Regulatory and Development Authority (IRDA) released the new premium rate structure for third party motor insurance. The new rates that will be effective from April 25 are expected to impact the commercial transporters more than private individuals. The third party … [Read more...] about Third party motor insurance premium rates will increase (upto 68%) from 25th April’2011
What is a Nomination?
What is a Nomination? An investor can nominate a person(s) called nominee(s) to whom his/her Mutual Fund Units will be transferred on his / her demise. The investment proceeds will get transferred to the nominee registered on the demise of the Investor. What are the … [Read more...] about What is a Nomination?
Income Tax on life insurance proceed
The general rule is that any amount received by the policy holder from the insurance company, including any bonus on the policy, is totally exempt tax. However, as per Income Tax Act, there are many exception to this rule. Let’s take various Income Tax provisions where … [Read more...] about Income Tax on life insurance proceed
What does Home Insurance policy covers?
Home insurance covers the costs of repairing or rebuilding the household, if its damaged or destroyed by an insured peril that is included in the policy. The coverage may also include the contents costs with home, depending on the type of insurance policy. Broadly speaking the … [Read more...] about What does Home Insurance policy covers?
10 things you look before you go for holiday!
1. Get travel insurance. Compare the prices and cover before you buy. 2. Check that the cover is appropriate and also check exactly - what your insurance does and does not cover. Make sure your policy cover provides for - a. All medical bills b. Bringing your family home in … [Read more...] about 10 things you look before you go for holiday!
How to pay Insurance Premium by Visa Credit Card?
You must have heard about the bill pay and online insurance premium services, where you have to register your details and as and when the insurance premium due date is coming, you would get the intimation on mobile as SMS or on email. Then you have to log on to bank or bill … [Read more...] about How to pay Insurance Premium by Visa Credit Card?