The policy contract provides a 'grace period', which gives the policyholder an additional period of time after the due date for the payment of the premium. During this period, policyholder can still pay his/her premium and the life policy still continues to be in force. For … [Read more...] about How does Grace Period affect your life insurance policy?
Life Insurance
How to revive lapsed ICICI Prudential life insurance policy?
Every time, before your premium due date, ICICI Prudential will send you a premium reminder with the premium amount and due date. After this due date, if you would not pay the premium, there will be a grace period, for which you will receive another mail. If you don’t pay the … [Read more...] about How to revive lapsed ICICI Prudential life insurance policy?
What to do, if your LIC Policy has lost?
First make a thorough search (within your residence, among your investment papers, at your office) before concluding that you have lost the policy bond. It could have been even pledged with LIC/any other financial institution for availing a loan by you. LIC retains the policy … [Read more...] about What to do, if your LIC Policy has lost?
How to Pay – Online Life Insurance Premium Payment
Now a days you don’t need to go to the insurer branch and stand in queue to deposit your life insurance premium. You can pay the premium online by using online gateways (This functionality is available only to registered customers, who have enrolled their policies online on the … [Read more...] about How to Pay – Online Life Insurance Premium Payment
Know the meaning of different Life Insurance?
What is a term assurance? Term assurances are the purest and cheapest form of insurance. Term assurances are plans where benefits are payable only on the death of the policy holder within the term. What is whole life plan? Whole life plans are a special type of term … [Read more...] about Know the meaning of different Life Insurance?
ING launches Guaranteed NAV- ULIP Plan ‘Market Shield’
ING Life Insurance India today launched a new unique Unit Linked Insurance Product, which provides the customer the opportunity to participate in the equity market while protecting investments from its downside. Advantages of ING Market Shield Plan - Top-up Premium … [Read more...] about ING launches Guaranteed NAV- ULIP Plan ‘Market Shield’
Bharti AXA Life launches new whole life insurance plan – Aajeevan Anand
Bharti AXA Life Insurance today launched Aajeevan Anand plan that provides guaranteed regular of 25% of Sum Assured every 5 years, starting from the end of 10th year and life cover until the age of 100 years. What is whole life insurance? A whole life insurance policy covers … [Read more...] about Bharti AXA Life launches new whole life insurance plan – Aajeevan Anand
Return on ULIP
It's always said that Mutual Funds give better return than ULIP plans. We thought to check this with various ULIP plans of different life insurance companies. In the below example, we took NAV values for one year between Dec 1st' 2009 and Dec 1st' 2010. and checked the return on … [Read more...] about Return on ULIP
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