Not All Traditional Life Insurance Policies offer Low Returns It is assumed that all the the traditional life insurance policies offer low return but it's not true in all cases. If you check return for long-term (over 16 years plus) endowment policies from LIC have given 7%-8% … [Read more...] about Things you should Know before Surrendering your Life Insurance Policy?
Expenses Not Covered Under Travel Insurance Policy
The following expenses are generally not covered by the travel insurance companies. However, few companies may prove to be an exception or may cover few of these with additional premium charges. 1- Expenses by those who are serving in Military or Armed forces in any part of … [Read more...] about Expenses Not Covered Under Travel Insurance Policy
Things to Take Care in Travel Insurance Claims
1- The original bills and vouchers must be submitted along with all claims. 2- Bills/ Prescriptions/ vouchers/ reports/ discharge summary must contain the name of the person treated, the type of illness, details of the individual items of medical treatment provided and the … [Read more...] about Things to Take Care in Travel Insurance Claims
Surrendering Life Insurance Policy, check all available Options
Please check you policy document first, whether surrender option is present or not. If you are not sure please check with your agent or insurance company. What is a Surrender Value? Surrender value is the value, that the policyholder gets, if he chooses to terminate or stops … [Read more...] about Surrendering Life Insurance Policy, check all available Options
LIC’s Jeevan Sugam Plan : Review
LIC's Jeevan Sugam Plan is a Single Premium non-Participating Endowment Plan (without Bonus facility). This is a close ended plan and available for sale only for 45 days from 25th February 2013. Sailent Features of LIC's Jeevan Sugam Plan Death Sum Assured (in Rs.) 10 X … [Read more...] about LIC’s Jeevan Sugam Plan : Review
How to Pay LIC Premium via Credit Card?
You can pay LIC Premium using LIC Pay Direct via Credit Card. But you have to pay small processing fee for LIC Pay Direct. LIC Pay Direct This is a instant bill payment service provided by LIC and IDBI Easy2Pay payment gateway. Where you need to pay a precessing fee and … [Read more...] about How to Pay LIC Premium via Credit Card?
How to Open Post Office Monthly Income Scheme (PO MIS) Account?
Post Office Monthly Income Scheme (PO MIS) account can be opened in the nearest post office branch. A depositor can open one or more than one POMIS account (subject to meet the condition that deposits in all accounts taken together shall not exceed rupees 4.5 lakh in single … [Read more...] about How to Open Post Office Monthly Income Scheme (PO MIS) Account?
How to Check whether your Insurance Policy is Fake or not?
Now and than you hear fraud news on insurance policies. It has impact on both insurers and policyholders. Lets check out - how to find out fake insurance policy - 1- Buy directly from the Insurance Company When no intermediate in between and you buy directly from the … [Read more...] about How to Check whether your Insurance Policy is Fake or not?
How to Pay Insurance Premium via Mobile?
You can pay your insurance premium anytime and from anywhere, just using your mobile phone and credit/debit card. Let's check out available mobile options - 1- Mobile Website - Some insurers has come up with mobile websites/applications for renewal of their insurance policies … [Read more...] about How to Pay Insurance Premium via Mobile?
Life Insurer’s IRDA Claim Settlement Ratios for Financial Year 2011-12
As per IRDA Annual Report for Financial Year 2011-12, Edelweiss Tokio Life has got - 100%, the highest claim ratio, followed by Life Insurance Corporation of India (LIC) - 97.42%. Lowest claim ratio is - 24.46% of DLF Pramerica Life, seconded by Shriram Life - 64.93%. Maximum … [Read more...] about Life Insurer’s IRDA Claim Settlement Ratios for Financial Year 2011-12