Max New York Life College Plan is a traditional money back plan which offers bonuses and pays the money back to policyholder at pre-defined stages of the child's life. This plan ensures premium payment term is completed during the school days and money back start at the age of … [Read more...] about Max New York Life’s ‘College Plan’ : Review
Life Insurance
Star Union Dai-ichi Life launched endowment insurance plan – 'Suraksha Kavach
Star Union Dai-ichi Life Insurance has introduced participating endowment insurance plan - 'Suraksha Kavach'. The policy offers an innovative feature that allows you to continue life cover up to three years from the date of first unpaid premium, should you ever need to take a … [Read more...] about Star Union Dai-ichi Life launched endowment insurance plan – 'Suraksha Kavach
What is an Assignment?
Assignment is a mean whereby the beneficial interest, right and title under a insurance policy get transferred from the assignor to the assignee. 'Assignor' is the policyholder, who transfers the title and 'Assignee' is the person, who derives the title from the assignor. Upon … [Read more...] about What is an Assignment?
IRDA – PAN must for payment of premium above Rs. 50,000 in cash
Insurance Regulatory and Development Authority (IRDA) said that quoting PAN number would be mandatory for making cash payments of more than Rs 50,000 in insurance premium from November 1st 2011. Acceptance Stage To ensuring that premiums are paid out of clearly identifiable … [Read more...] about IRDA – PAN must for payment of premium above Rs. 50,000 in cash
IRDA fined HDFC Life for non settlement of death claim
The Insurance Regulatory and Development Authority (IRDA) has imposed a penalty of Rs 5 lakh on HDFC Standard Life Insurance Company for violating norms on claim settlements and has also asked the insurer to streamline its processes. The order was issued on a complaint filed … [Read more...] about IRDA fined HDFC Life for non settlement of death claim
ICICI Pru Life launches new online term plan 'iCare'
ICICI Prudential Life has launched low-cost online term plan 'iCare'. This is the second online term plan by ICICI Pru life after 'iProtect'. It has add on accidental rider option. Key Features 1- Flexibility to choose protection cover based on your needs from: Option I: … [Read more...] about ICICI Pru Life launches new online term plan 'iCare'
All about Million Dollar Round Table (MDRT)
What is Million Dollar Round Table (MDRT)? Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals, is an international, independent association of nearly 36,000 of the world's leading life insurance and financial services professionals from more … [Read more...] about All about Million Dollar Round Table (MDRT)
How to change LIC Policy address?
To change the address of your LIC Policy, you have to write a letter to the serving branch Manager(from which the policy was taken or the branch that issued the policy), stating that you have moved your address and wants to update the new address in your LIC policy. This letter … [Read more...] about How to change LIC Policy address?
Bharti AXA Life launches Triple Benefit Critical Illness Plan
Bharti AXA Life Insurance has launched triple benefit critical illness plan - ‘Bharti AXA Life Triple Health Insurance Plan’. The policy includes 13 critical illnesses that are split into 3 groups. Should one have the misfor tune of being diagnosed with any critical illness … [Read more...] about Bharti AXA Life launches Triple Benefit Critical Illness Plan
LIC introduces Electronic Funds Transfer for all payments from 1st Oct
In order to ensure faster credit of policy monies with greater security and privacy, from 1st October'2011, LIC of India will be crediting all payments (i.e. Survival Benefit, Maturity, Loan, Surrenders, payments of Pension & Group Schemes etc., ) directly to the Bank Account of … [Read more...] about LIC introduces Electronic Funds Transfer for all payments from 1st Oct