While buying a health insurance policy brings with it a lot of relief as far as claims expenses are concerned, there may also be times of trouble, in case you are not aware about the aliments that are covered and those that aren’t, by your health insurance policy. It is … [Read more...] about Why knowing exclusions are important in Health Insurance Policy?
FM proposed rollback of 5 per cent service tax on healthcare services
Finance Minister on Tuesday announced a rollback of the proposed 5 per cent service tax on healthcare services. Mukherjee announced his decision to exempt service tax in “its entirety both in respect of services provided by hospitals, as well as by way of diagnostic tests until … [Read more...] about FM proposed rollback of 5 per cent service tax on healthcare services
8 steps to file a motor insurance claim?
Immediate action after the accident First of all, please take care of your health and consult doctor for precaution and treatment (if required). Notify Police authorities in case of Road Traffic accident. Notify the claim at the insurance company’s call centre as soon as … [Read more...] about 8 steps to file a motor insurance claim?
Surrendering your insurance policy, check income tax provisions!
If you have taken deduction u/s 80C of the IT Act for the premium payment, in that case , do not surrender the policy within the three/five years of its purchase. Let’s check the Income Tax provisions on surrender of insurance policy - Case 1 - Surrender of the ULIP, within … [Read more...] about Surrendering your insurance policy, check income tax provisions!
Bharti AXA Life Insurance launches – retirement and child plan
Bharti AXA Life Insurance launches - a retirement plan and a child protection plan - Retirement plan - Bharti AXA Life Wonder Years Retirement Plan Child plan - Bharti AXA Life Bright Stars Power Plus Bharti AXA Life Wonder Years Retirement Plan is a traditional product and … [Read more...] about Bharti AXA Life Insurance launches – retirement and child plan
8 steps to file a travel insurance claim?
Step 1 Check the coverage provided by the travel insurance policy - 1. Any exclusions on the travel policy, such as pre-existing medical conditions. 2. Whether 24-hour emergency assistance is available. 3. Keep a record of any highly expensive item - camera/video recorder, … [Read more...] about 8 steps to file a travel insurance claim?
Insurance company can't deny claim, if the insured did not reveal information about his earlier life insurance policy!
The South Mumbai District Consumer Disputes Redressal Forum has fined an insurance company for causing mental agony to a family by not releasing the amount due to them on grounds that the insured did not reveal information about his earlier life insurance policy. In 2001, Naval … [Read more...] about Insurance company can't deny claim, if the insured did not reveal information about his earlier life insurance policy!
SBI Life launches – Smart Wealth Assure a unit Linked non participating Life Insurance Plan
SBI Life Insurance has launched guaranteed ULIP, it guarantees, at inception, a pre-specified NAV applicable at the end of the ten-year term. By opting for Return Guarantee Fund, the policyholder can create long term investment corpus based on minimum pre-determined NAV or … [Read more...] about SBI Life launches – Smart Wealth Assure a unit Linked non participating Life Insurance Plan
Kotak Life launches Assured Income Plan
Kotak Life insurance has launched the Kotak Assured Income Plan, which would provide guaranteed annual income to the insured for 20 years. The Kotak Assured Income plan provides life cover for 30 years for a premium payment term of 15 years. The plan would provide guarantee of … [Read more...] about Kotak Life launches Assured Income Plan
How to transfer EPF to new employer?
Procedure to transfer the old PF amount to new PF account 1. At the time of joining a new organization, the company’s HR will give you forms for opening an PF account. When new PF account is opened and you would receive a new PF Number. 2. Fill up PF withdrawal form (Form … [Read more...] about How to transfer EPF to new employer?