Twenty nine year old Lalit Kapoor is working for a MNC software company in Pune. He is an internet savvy guy and do most of things online, like banking, billpay or shopping etc.. So when it comes to buying insurance, he did some research himself by browsing leading investment … [Read more...] about Things to take care, before buying online term insurance
How bonus is calculated for a life insurance policy?
What is a Bonus? Bonus is a amount given to the policy holders apart from their maturity or death benefits. Bonuses are credited to the account of the policyholder and paid at the time of maturity. Bonus is declared as a certain amount per thousand of sum assured. As per IRDA, … [Read more...] about How bonus is calculated for a life insurance policy?
Aviva launches two new life products Aviva Life Shield Platinum and Aviva Dhan Varsha
Aviva Life Insurance launches two new insurance plans – Aviva Life Shield Platinum and Aviva Dhan Varsha. Highlights of Aviva Life Shield Platinum This plan offers three unique protection options with lower costs as compared to the other term plans. Option A – Life … [Read more...] about Aviva launches two new life products Aviva Life Shield Platinum and Aviva Dhan Varsha
Max New York Life launches new ULIP – FLEXI Fortune
Max New York Life has launched a new unit linked plan - 'FLEXI Fortune' Life Insurance plan. Age Criteria Minimum Age of Life Insured at Entry (Last Birthday) - 7 years Maximum Age of Life Insured at Entry (Last Birthday) - 50 years Maximum Age of Life Assured at … [Read more...] about Max New York Life launches new ULIP – FLEXI Fortune
How to claim under personal accident insurance?
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 How to claim under personal accident insurance?
How to Lodge Online Complaint about your LIC Policy?
Register on LIC's website First go to LIC's website licindia.in and complete the registration. For this, you need to have your policy number, date of birth and instalment premium details and email Id with you. You will get an email from LIC on successful registration. Enrol … [Read more...] about How to Lodge Online Complaint about your LIC Policy?
SBI Life launches Ulip plan Smart Horizon
SBI Life introduced a new Unit Linked Insurance Product (Ulip) - Smart Horizon - aiming to provide long-term capital appreciation. SBI Life – Smart Horizon is a dynamic non participating Unit Linked Life Insurance Plan. … [Read more...] about SBI Life launches Ulip plan Smart Horizon
How does Grace Period affect your life insurance policy?
The policy contract provides a 'grace period', which gives the policyholder an additional period of time after the due date for the payment of the premium. During this period, policyholder can still pay his/her premium and the life policy still continues to be in force. For … [Read more...] about How does Grace Period affect your life insurance policy?
Third party motor insurance premium rates set to rise
Get ready to shell out more premium for vehicle insurance. The Insurance Regulatory and Development Authority (IRDA) has proposed these hikes in an exposure draft on review of motor insurance premium rates for third party liability cover. The annual premium is set to go up as the … [Read more...] about Third party motor insurance premium rates set to rise
How to revive lapsed ICICI Prudential life insurance policy?
Every time, before your premium due date, ICICI Prudential will send you a premium reminder with the premium amount and due date. After this due date, if you would not pay the premium, there will be a grace period, for which you will receive another mail. If you don’t pay the … [Read more...] about How to revive lapsed ICICI Prudential life insurance policy?