ING Aashirvad is a guaranteed child life insurance plan that pays out monies and helps you plan for the career and marriage of your children. In this plan the parent and child are the life insured/s during the policy term and once your child's future is adequately secured through … [Read more...] about ING Life launches child plan – 'ING Aashirvad'
The Insurance Regulatory and Development Authority (Irda) bans Universal Life Plans(ULPs) from 23rd October’2010. What is a universal life plan? Universal Life is a life insurance plan where premiums are deposited into a fund and charges for insurance and other expenses are … [Read more...] about IRDA bans universal life plans from 23rd October
What are switches? This is the facility allowing the policyholder to change the investment pattern by moving from one fund to other fund(s) amongst the funds offered under the underlying product of the insurer. In other words - Switching funds simply means selling your … [Read more...] about How to switch funds in ULIPs?
Just wanted to share some points with you on Sec 80C, 80CCC, 80D tax purpose - Life Insurance Premium Any Premium in excess of 20% of sum assured is not eligible for tax rebate under sec 80C. E.g. You have policy of sum assured Rs. 4,00,000/- and you are paying premium every … [Read more...] about Save Tax – Under Sec 80C, 80CCC, 80D
Life Insurance is a long-term contract for 20-30 years. You cannot change or amend these contracts during the policy. So take time to understand beforehand about your need (how much to insure and how long to insure), coverage you are looking for and the products available in the … [Read more...] about What to keep in mind, while buying Life Insurance?