Bajaj Allianz Life Insurance has launched new term plans iSecure Loan and iSecure More. iSecure Loan is a decreasing cover plan to cover all kinds of loan liabilities and iSecure More is an increasing cover plan that provides increasing protection every year without increasing … [Read more...] about Bajaj Allianz launches Term Plans – 'iSecure Loan' 'iSecure More'
Life Insurance
ICICI Pru launches ULIP plans – 'Elite Life' 'Elite Wealth'
ICICI Prudential has launched two unit linked insurance products – ICICI Pru Elite Life and ICICI Pru Elite Wealth. These products offer customers the flexibility of choosing the frequency of their premium payments. The products offer customers the flexibility of either … [Read more...] about ICICI Pru launches ULIP plans – 'Elite Life' 'Elite Wealth'
IRDA nod for Reliance Life sale of 26% stake to Nippon Life
Reliance Life Insurance has received in-principle approval from insurance sector regulator IRDA for its proposed 26 percent stake sale in Reliance Life Insurance to Japan’s Nippon Life. The company has received in-principle approval from the Insurance Regulatory Development … [Read more...] about IRDA nod for Reliance Life sale of 26% stake to Nippon Life
Missed LIC Premium Payment, pay within 30 days, without any interest
If you have missed the LIC premium within the due date there is still time for you to make the payments without payment of interest on the premium. This period is called the Grace Period. (with the exception of some plans). 1. The grace period for policies where the premium … [Read more...] about Missed LIC Premium Payment, pay within 30 days, without any interest
Canara HSBC OBC Life Insurance launches Smart Sanchay Plan
Canara HSBC Oriental Bank of Commerce Life Insurance Launches Smart Sanchay Plan, a traditional group protection-cum-savings product. Smart Sanchay Plan has been designed for deposit account holders of the distributor banks and is tailor-made for the Company’s bancassurance model … [Read more...] about Canara HSBC OBC Life Insurance launches Smart Sanchay Plan
IDBI Federal Life Insurance launches ULIP – Wealthsurance Dreambuilder
IDBI Federal Life Insurance launches new ULIP called Wealthsurance Dreambuilder Insurance Plan. Wealthsurance Dreambuilder Insurance Plan offers various investment options as per the needs of customer depending upon his or her risk appetite. For instance, conservative customers … [Read more...] about IDBI Federal Life Insurance launches ULIP – Wealthsurance Dreambuilder
Aviva Life introduces Dynamic P/E fund option for ULIP
Aviva Life Insurance has launched its 9th fund, called Dynamic Price/Earning Fund. The new fund is based on the simple mantra of encashing investments when the market is on high and buying when the market is low, thereby maximizing opportunities for the customers in the long-run … [Read more...] about Aviva Life introduces Dynamic P/E fund option for ULIP
Does my insurance policy cover Terrorism?
Until 9/11, most standard insurance policies used to provide protection against the risk of terrorism automatically. However, after September 11, 2001, premiums for terrorism coverage have increased. In India, effective from 1st April 2002, terrorism was made a separate add-on … [Read more...] about Does my insurance policy cover Terrorism?
What is an “Endorsement”?
Insurance policies can be modified by using a term called endorsing a policy. A policy endorsement can be done to modify coverage’s, add or delete insured items from a policy and modifies a current policy without completely rewriting it. When an insurance policy is endorsed the … [Read more...] about What is an “Endorsement”?
Do we need to exit ULIP in three years/five years as suggested by agent?
We had received lots of queries, now and then on the mis-sold ULIPs. We all have bought ULIP policies on the inflated return figure and mis-information given to us by the insurance agent. Now that insurance agent is enjoying with the big 35-40% commission, which he would have had … [Read more...] about Do we need to exit ULIP in three years/five years as suggested by agent?