Max New York Life Insurance launched “Max New York Life College Plan’, a guaranteed money back child plan. 'College Plan’ is a Guaranteed Money Back Life Insurance Plan designed to Meet the Rising Cost of College Education of your Child. The plan provides peace of mind as it … [Read more...] about Max New York Life introduces ‘College Plan’
Health Insurance premium tax deduction under Sec 80D
As per IT Act, Section 80D provides for deduction available for health premium paid. Who all eligible Sec 80D deduction is available to - 1. Individual (resident or non resident ,Indian Citizen or foreign citizen) 2. HUF (Hindu undivided Family may be resident or non … [Read more...] about Health Insurance premium tax deduction under Sec 80D
'Portability of Health Insurance' now reality
As per Insurance Regulatory and Development Authority (IRDA) latest press release, health insurance policy holders will soon have the choice to switch over from one company to another company under the new portability option. The move is expected to increase quality of services … [Read more...] about 'Portability of Health Insurance' now reality
Irda alert against false sale calls
After detecting fraudulent instances on similar lines that had hit Citibank’s wealth management operations in the country, the insurance regulator has filed a police complaint in New Delhi. Issuing alerts to the insurers, Irda has said it has received complaints from various … [Read more...] about Irda alert against false sale calls
How underinsurance and overinsurance will affect you?
Samir had bought a Honda City last year and added few latest accessories in it. Now it’s time of insurance renewal of the Honda City, so he called up an insurance agent. Insurance agent checked the latest market price of that model and gave him the IDV(Insured declared value), … [Read more...] about How underinsurance and overinsurance will affect you?
Bharti AXA Life launches five new products
Bharti AXA Life Inurance has launched five products - two unit-linked and three traditional plan. The new scheme are Child Plan - Bright Stars Edge and Guranteed Plan - True Wealth are ULIPs, while Future Champs, Family Income Secure and Aajeevan Anand are traditional plans. … [Read more...] about Bharti AXA Life launches five new products
LIC launched two non linked plans – Bima Account I and Bima Account II
Life Insurance Corporation launched two new non linked plans - Bima Account I and Bima Account II. LIC’s Bima Account - I is a simple non-linked plan under which offers an insurance plan without undergoing any medical examination subject to certain conditins. LIC’s Bima … [Read more...] about LIC launched two non linked plans – Bima Account I and Bima Account II
Income Tax Deductions – Under Sec 80
Section Rebate Deduction 80C Life Insurance Premium – Self, Spouse, Children (Dependent, Independent, Married, Unmarried) Contribution to Provident Fund, Superannuation Fund ≥5 years term deposit in bank/Post office PPF – Self, Spouse, Children (Minor) … [Read more...] about Income Tax Deductions – Under Sec 80
Bajaj Allianz launches – Super Cash Gain and Money Secure
Bajaj Allianz Life Insurance has launched two new products catering to the financial needs of various stages of life. These products are Bajaj Allianz Super Cash Gain and Bajaj Allianz Money Secure. Super Cash Gain is a traditional money back plan that gives cash back at … [Read more...] about Bajaj Allianz launches – Super Cash Gain and Money Secure
How to get maximum return out of PPF account?
The rate of interest will be calculated on the lowest balance in the account between the close of the fifth day and the end of the month and will be credited to your account at the end of the year. So, to get the maximum out of your investment, deposit the amount in the first few … [Read more...] about How to get maximum return out of PPF account?