1. No Claims Last year - Get No Claim Bonus (NCB) and you can save up to 50% of Own Damage Premium. What is No Claim Bonus? If you do not have any insurance claim/s, you get No Claim Bonus (NCB) at the rates mentioned below (based on no of years of no claim) - the premium is … [Read more...] about Top Tips for Saving Money on Car Insurance
Non-acceptance of Third Party Payments for mutual fund subscriptions effective November 15, 2010
As per guidelines issued by the Association of Mutual Funds in India (AMFI), mutual funds are required to put in place strong processes by November 15, 2010 to ensure that Third-Party payment instruments are not used for mutual fund subscriptions. When payment is made from a … [Read more...] about Non-acceptance of Third Party Payments for mutual fund subscriptions effective November 15, 2010
BajajAllianz launches health card to promote healthy lifestyle
The second largest general insurer Bajaj Allianz on Thursday launched a health card, JiyoFit, in association with Yes Bank, an initiative aimed to encourage customers to lead a healthy lifestyle. "Health insurance as a concept is associated with illness and hospitalisation. … [Read more...] about BajajAllianz launches health card to promote healthy lifestyle
Save Tax – Under Sec 80C, 80CCC, 80D
Just wanted to share some points with you on Sec 80C, 80CCC, 80D tax purpose - Life Insurance Premium Any Premium in excess of 20% of sum assured is not eligible for tax rebate under sec 80C. E.g. You have policy of sum assured Rs. 4,00,000/- and you are paying premium every … [Read more...] about Save Tax – Under Sec 80C, 80CCC, 80D
What to keep in mind, while buying Life Insurance?
Life Insurance is a long-term contract for 20-30 years. You cannot change or amend these contracts during the policy. So take time to understand beforehand about your need (how much to insure and how long to insure), coverage you are looking for and the products available in the … [Read more...] about What to keep in mind, while buying Life Insurance?
IRDA issues new ULIP guidelines, raises lock in period to 5 years
IRDA tightened the norms for ULIP schemes by raising the lock-in period and raising the insurance cover on them. IRDA also bought in new guidelines like sale of insurance policies by unlicensed personnel and several other malpractices. Lock in period increased to five years - … [Read more...] about IRDA issues new ULIP guidelines, raises lock in period to 5 years
Health Insurance – Family Floater Policy
Family Floater Policy is most advocated policy in health insurance. In this article we are going to discuss all the aspects of the Family Floater Policy. Family Floater Policy is a single policy to cover all the members of the family. All the members can benefit by the floating … [Read more...] about Health Insurance – Family Floater Policy