1- Edelweiss Tokio Life's Protection Plan 2- ICICI Prudential's iCare Plan 3- HDFC Life's Click 2 Protect Term Plan 4- SBI Life's eShield Plan 5- Kotak's E Preferred Term Plan Claim Settlement Ratio for FY 2011-12 *Data Source – Annual Report IRDA What is Claim … [Read more...] about Top 5 Online Term Insurance Plans on Claim Settlement Ratio (2013)
How to Initiate a Dispute with CIBIL for Correction of Credit Report (CIR)?
First get the CIBIL Credit Report, you can get it via Online or Offline. And check that all the info is correct. If some info is not correct, you can initiate a dispute to correct it via Online or Offline. What info you Need? 1- Personal Info - Name, Date of Birth, Gender, … [Read more...] about How to Initiate a Dispute with CIBIL for Correction of Credit Report (CIR)?
How to read your CIBIL Credit Report?
First thing is to get the CIBIL Credit Report, you can get it via Online or Offline. The CIBIL Credit Report contains following info - 1- CIBIL TransUnion Score This section reflects your CIBIL TransUnion Score, which is widely used by loan providers to evaluates loan … [Read more...] about How to read your CIBIL Credit Report?
Budget 2013 : Changes to Insurance Industry
Bank KYC will be Eligible for Buying Insurance KYC of banks will be eligible for insurance companies to issue policies. This will make the process for purchase of insurance policies simpler. Premium Threshold increased to 15% for Disabled The budget has relaxed the premium … [Read more...] about Budget 2013 : Changes to Insurance Industry
IRDA has Standardised Definitions of 46 Terms in Health Insurance Policies
IRDA has issued new guidelines to bring more clarity and standardise common terms in health insurance policies. These will also enable insurance companies to provide better service to policyholders. The comprehensive guidelines have standardised definitions of 46 terms that … [Read more...] about IRDA has Standardised Definitions of 46 Terms in Health Insurance Policies
Types of Pension Plans in India
How Pension Plan Works? Retirement/Pension plans offered in India by life insurance companies are bundled products, which offer the benefits of both insurance and investment. A typical pension plan has two phases - Accumulation Phase In accumulation phase, you pay premiums … [Read more...] about Types of Pension Plans in India
How to extend PPF Account after 15 Years?
You can close or continue your PPF account, with or without deposits after maturity (after expiry of 15 years from the close of the financial year in which the initial subscription was made). The PPF account has a 15 year lock in, but then you can extend it for periods of 5 years … [Read more...] about How to extend PPF Account after 15 Years?
LIC’s Flexi-Plus ULIP : Review
LIC's Flexi-Plus is a unit linked insurance plan (ULIP), which offers two fund options - Debt and Mixed. However, the equity component in the product will not exceed 25%, which means that its returns will be capped. Salient Features of Flexi-Plus ULIP Minimum Age at … [Read more...] about LIC’s Flexi-Plus ULIP : Review
ICICI Lombard’s International Travel Insurance Plan : Review
ICICI Lombard's Travel Insurance Plan is most comprehensive plan available in India. Best part of this plan is that it's providing coverage upto 85 years without medical check-up. Positive Points 1- Coverage upto 85 years without medical check-up as per plan opted, but the … [Read more...] about ICICI Lombard’s International Travel Insurance Plan : Review
LIC’s New Jeevan Nidhi Plan : Review
LIC's New Jeevan Nidhi Plan is a conventional with profits pension plan (Deferred Annuity Plan) which also provides death cover during the accumulation phase and offers annuity on survival to the date of vesting. It has two phase - Accumulation Phase and Vesting Phase. In … [Read more...] about LIC’s New Jeevan Nidhi Plan : Review