What is Paid-up Value? If premiums have been paid for a period of three years and thereafter due to unforeseen circumstances, payments cannot be made, policy will automatically be converted into a paid up policy for a reduced sum assured, payable on the date of maturity or in … [Read more...] about How to calculate Paid-up Value of an Insurance Policy?
Want to cover pre-existing disease, buy Star Unique Health Insurance Policy : Review
Star Health Insurance’s Unique Health cover pre-existing diseases just after 11 months, after a customer buys this policy. This part of the policy keep Star Health’s Unique Health apart from the other products in the market, where the insured has to wait for about four years for … [Read more...] about Want to cover pre-existing disease, buy Star Unique Health Insurance Policy : Review
What is Free Look Period?
What is the Free Look Period? The policyholder has 15 days from the date of receipt of the policy to review the terms and conditions of the policy. In case he disagrees to any of the terms and conditions, then he can exercise the option to return the policy, stating the reasons … [Read more...] about What is Free Look Period?
How to calculate correct Insured’s Declared Value(IDV)?
What is Insured’s Declared Value(IDV)? The insured's declared value (IDV) of the vehicle will be deemed to be the Sum Insured for the purpose of your car insurance policy and is fixed at the commencement of each policy period for each insured vehicle. For a new vehicle, the IDV … [Read more...] about How to calculate correct Insured’s Declared Value(IDV)?
AVIVA i-Life Online Term Plan : Review
Salient features of AVIVA i-Life 1- The minimum sum assured for iLife plan is Rs. 25 Lakhs while there is no maximum limit set but subject to underwriting requirement. 2- The minimum and maximum entry age for iLife plan is 18 years and 55 years respectively. 3- The maximum … [Read more...] about AVIVA i-Life Online Term Plan : Review
How to get EPF claim status via sms/email?
Just while submitting your claims, write your mobile number on the top of the application forms, yes that’s it. You will get a sms on your mobile number and/or an email, about the status of your claim. Where do I have to write my mobile no or email address? You have to … [Read more...] about How to get EPF claim status via sms/email?
FAQ on Insurance Agency Licence Exam?
I am life insurance company agent, wants to work for general insurance company. What are the requirements for the same? If the applicant desires to work for a life insurer or a general insurer or both, as the case may be, he should enclose the documentary evidence of the 10 or … [Read more...] about FAQ on Insurance Agency Licence Exam?
How to check EPF claim status online?
You can check your EPF status online with the help of following - Link Or if you know your regional EPF office - Link Select the EPFO office where your account is maintained and furnish your EPF Account number. What details do I need to enter to check EPF claim status … [Read more...] about How to check EPF claim status online?
Edelweiss Tokio Life Insurance gets R3 approval from IRDA
Edelweiss Tokio Life Insurance Company Limited got its final stage R3 (Certificate of Registration) clearance from the Insurance Regulatory & Development Authority (IRDA) in order to operate in the Life Insurance space. Earlier, the Insurance Regulatory & Development … [Read more...] about Edelweiss Tokio Life Insurance gets R3 approval from IRDA
Private general insurers registered 22% growth in new premium income in FY2010-11
General Insurance Industry growth has registered an increase of 21% in new premium income to Rs.42,568 crore in FY 2010-11. The total premium for the entire private sector life insurance industry is pegged at Rs.17,566 crore in FY 2010-11. PSU General insurer’s first year … [Read more...] about Private general insurers registered 22% growth in new premium income in FY2010-11