Bank KYC will be Eligible for Buying Insurance KYC of banks will be eligible for insurance companies to issue policies. This will make the process for purchase of insurance policies simpler. Premium Threshold increased to 15% for Disabled The budget has relaxed the premium … [Read more...] about Budget 2013 : Changes to Insurance Industry
Archives for February 2013
LIC’s Jeevan Sugam Plan : Review
LIC's Jeevan Sugam Plan is a Single Premium non-Participating Endowment Plan (without Bonus facility). This is a close ended plan and available for sale only for 45 days from 25th February 2013. Sailent Features of LIC's Jeevan Sugam Plan Death Sum Assured (in Rs.) 10 X … [Read more...] about LIC’s Jeevan Sugam Plan : Review
IRDA has Standardised Definitions of 46 Terms in Health Insurance Policies
IRDA has issued new guidelines to bring more clarity and standardise common terms in health insurance policies. These will also enable insurance companies to provide better service to policyholders. The comprehensive guidelines have standardised definitions of 46 terms that … [Read more...] about IRDA has Standardised Definitions of 46 Terms in Health Insurance Policies