Who is eligible? Only the policyholder, who is holding LIC India policy for more than three years is eligible to avail loan. How much loan could I take? LIC Loan amount varies depending on the policy amount and time period of the policy. The eligible loan amount is calculated … [Read more...] about How to Take Loan against LIC Policy?
How to File Maturity Claim for a LIC Policy?
Where a life insurance policy is maturing, the LIC India will usually sends advance intimation (two to three months in advance of the date of maturity) to the policyholder along with a blank discharge form/voucher for filling various details in it. The policyholder has to sign … [Read more...] about How to File Maturity Claim for a LIC Policy?
How to File Death Claim for a LIC Policy?
Step 1: Intimation of Death to LIC You could report your claim by phone, mail, fax or e-mail as soon as possible. When you call, please have the following information on hand: 1- Name of the deceased. 2- The policy number(s). 3- The date of death. 4- Your relationship with … [Read more...] about How to File Death Claim for a LIC Policy?
What’s in Insurance Laws (Amendment) Bill, 2015?
Insurance Laws (Amendment) Bill, 2015 amend the Insurance Act, 1938 and the General Insurance Business (Nationalisation) Act 1972 and the Insurance Regulatory and Development Authority Act, 1999. It provides for raising FDI cap in insurance sector from 26% to 49%. 1- The … [Read more...] about What’s in Insurance Laws (Amendment) Bill, 2015?
Budget 2015 – Changes to Insurance Industry
1- A personal accident plan "Pradhan Mantri Suraksha Bima Yojana", will be launched, which will provide an accident cover of Rs 2 lakh for an annual premium of Rs 12 or Re 1 / day. 2- A life insurance plan - "Pradhan Mantri Jeevan Jyoti Bima Yojana", will be launched for the … [Read more...] about Budget 2015 – Changes to Insurance Industry
How to Change LIC Premium Payment Mode (or Frequency)?
LIC policyholders can choose any mode or frequency of payment of premiums of their choice (monthly, quarterly or yearly) at the time of commencement of their policy. Later on, if required by policyholder the mode or frequency of payment of premiums can be altered to higher or … [Read more...] about How to Change LIC Premium Payment Mode (or Frequency)?
LIC's Jeevan Vaibhav Plan – Review
LIC Jeevan Vaibhav is a single premium payment plan which offers a guaranteed maturity amount plus Loyalty additions (if any) at the time of maturity. The insurance cover would be 5 times of the premium amount. Basic Features of LIC Jeevan Vaibhav 1- Person between age … [Read more...] about LIC's Jeevan Vaibhav Plan – Review
How Deductibles and Co-insurance work in Health Insurance?
Excellent video tutorial on youtube explaining deductibles and how co-insurance/co-pay work in health insurance. … [Read more...] about How Deductibles and Co-insurance work in Health Insurance?
Kotak Life launches child plans – Kotak Child Edu and Kotak Child Future
Kotak Life Insurance has launched two traditional child plans — Kotak Child Edu Plan and Kotak Child Future Plan. Kotak Child Edu Plan addresses the future financial requirements of children aged between 0 (newborns) and 10 years and Kotak Child Future Plan addresses the … [Read more...] about Kotak Life launches child plans – Kotak Child Edu and Kotak Child Future
Now pay health insurance premium on your PIN code
If a policyholder is living in Jaipur, Lucknow and other tier II cities in India, and the cost of medical treatment is less in these cities as compared to the metros city hospitals then why policyholder pay health insurance premium same as in the metro cities. Those days are … [Read more...] about Now pay health insurance premium on your PIN code