What is Schengen Visa? A Schengen visa is a short-stay visa allowing visitor to travel and stay in the Schengen Area. The Schengen area covers 26 countries (‘Schengen States’) without internal border controls. These countries are: Types of Schengen Visa? 1. Airport transit … [Read more...] about Applying Schengen Visa, Buy Travel Insurance from following companies?
Archives for March 2016
How to Alter LIC Policy?
Sometime the policyholder finds the policy terms not suitable (eg. High Premium Amount, Change in Mode of Premium) to him and desires to change them. LIC India allows certain types of alterations during the lifetime of the policy. What all alterations are allowed to your LIC … [Read more...] about How to Alter LIC Policy?
Motor Third Party Insurance Premium Set to Increase
The IRDAI, in its draft circular on third-party motor insurance premium, proposed a premium hike in the range of 10-29% from 1st April 2016. What is third-party insurance? Third-party insurance is mandatory for all motor vehicles in India. The premium of motor third-party … [Read more...] about Motor Third Party Insurance Premium Set to Increase
How to become Insurance Surveyor and Loss Assessor (SLA) in India?
Process Steps: The process steps of becoming a licensed insurance surveyor: 1. Registering on IRDAI BAP Portal To acquire a surveyor license, the first step is to register yourself on the IRDAI BAP portal. After successful registration, you can apply for a training request. … [Read more...] about How to become Insurance Surveyor and Loss Assessor (SLA) in India?
Threshold for TDS on Insurance Commission Now reduced from Rs.20,000 to Rs.15,000
Insurance company shall deduct Tax at Source (TDS) at the rate of 20% in excess of Rs 20,000/- paid during the financial year. Now as per Budget 2015-16, the threshold for TDS on insurance commission has been reduced from Rs.20,000 to Rs.15,000 and TDS on the same has been … [Read more...] about Threshold for TDS on Insurance Commission Now reduced from Rs.20,000 to Rs.15,000