Some instances have been observed by Insurance Regulatory and Development Authority (IRDA) that general public are receiving calls from individuals who claim to be representatives of IRDA and offering insurance policies of different insurance companies with various benefits (such … [Read more...] about Be aware – Please check ID Cards before giving any info to any person
How safe is your insurance company
Whenever we buy anything from private insurance companies, we think twice! Our main concern is that the company, we are going to invest will be there after 5-10 years down the line and also will it be able to pay the insurance proceed at the time of claim. The above concern is … [Read more...] about How safe is your insurance company
Want to save money? Select annual premium paying mode for Life Insurance Premium
Most of the insurance company now advertise – ‘Life Cover of 25 lakhs for premium only Rs.11.8 per day’ or ‘Life Cover of 25 lakhs for premium only 354 per month’. This is a marketing gimmick, if they change the above line to ‘Life Cover of 25 lakhs for premium only 4248 per … [Read more...] about Want to save money? Select annual premium paying mode for Life Insurance Premium
ING Life launches child plan – 'ING Aashirvad'
ING Aashirvad is a guaranteed child life insurance plan that pays out monies and helps you plan for the career and marriage of your children. In this plan the parent and child are the life insured/s during the policy term and once your child's future is adequately secured through … [Read more...] about ING Life launches child plan – 'ING Aashirvad'
Motor Insurance – Add-on Covers
When we go for car insurance claim, we never get full claim amount. The insurance company say that it will pay as per the current market value of the damaged part or deduct depreciation from the claim amount. Always there are concern by insured that when at the time of proposing … [Read more...] about Motor Insurance – Add-on Covers
IRDA bans universal life plans from 23rd October
The Insurance Regulatory and Development Authority (Irda) bans Universal Life Plans(ULPs) from 23rd October’2010. What is a universal life plan? Universal Life is a life insurance plan where premiums are deposited into a fund and charges for insurance and other expenses are … [Read more...] about IRDA bans universal life plans from 23rd October
What your home insurance may not cover?
Mr and Mrs X bought a home insurance policy last year, only to be told that it would not pay out when they made a claim. Mr and Mrs X was away from the home for 45 days to Australia to see his son and his family, with no one occupying his home in India. On returning back to … [Read more...] about What your home insurance may not cover?
Car Insurance terms… you should know before buying insurance policy
Audio Cover Includes stereos and any other permanent audio/visual equipment installed in your car. Act of God An unpreventable and unpredictable event that causes loss or damage. Insurance policies often exclude acts of God or acts of war, although they will usually cover … [Read more...] about Car Insurance terms… you should know before buying insurance policy
How to switch funds in ULIPs?
What are switches? This is the facility allowing the policyholder to change the investment pattern by moving from one fund to other fund(s) amongst the funds offered under the underlying product of the insurer. In other words - Switching funds simply means selling your … [Read more...] about How to switch funds in ULIPs?
Ten of the best … Insurance Aggregator in India
Internet customers can go online and take advantage of insurance aggregator websites designed to cut premium costs. we are putting ten such websites, which might be already bookmarked by many internet users, there are a host of others which are worth adding to your favourites. … [Read more...] about Ten of the best … Insurance Aggregator in India