The following expenses are generally not covered by the travel insurance companies. However, few companies may prove to be an exception or may cover few of these with additional premium charges. 1- Expenses by those who are serving in Military or Armed forces in any part of … [Read more...] about Expenses Not Covered Under Travel Insurance Policy
Things to Take Care in Travel Insurance Claims
1- The original bills and vouchers must be submitted along with all claims. 2- Bills/ Prescriptions/ vouchers/ reports/ discharge summary must contain the name of the person treated, the type of illness, details of the individual items of medical treatment provided and the … [Read more...] about Things to Take Care in Travel Insurance Claims
Surrendering Life Insurance Policy, check all available Options
Please check you policy document first, whether surrender option is present or not. If you are not sure please check with your agent or insurance company. What is a Surrender Value? Surrender value is the value, that the policyholder gets, if he chooses to terminate or stops … [Read more...] about Surrendering Life Insurance Policy, check all available Options
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
LIC’s Jeevan Sugam Plan : Review
LIC's Jeevan Sugam Plan is a Single Premium non-Participating Endowment Plan (without Bonus facility). This is a close ended plan and available for sale only for 45 days from 25th February 2013. Sailent Features of LIC's Jeevan Sugam Plan Death Sum Assured (in Rs.) 10 X … [Read more...] about LIC’s Jeevan Sugam Plan : Review
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 Pay LIC Premium via Credit Card?
You can pay LIC Premium using LIC Pay Direct via Credit Card. But you have to pay small processing fee for LIC Pay Direct. LIC Pay Direct This is a instant bill payment service provided by LIC and IDBI Easy2Pay payment gateway. Where you need to pay a precessing fee and … [Read more...] about How to Pay LIC Premium via Credit Card?
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?
How to Open Post Office Monthly Income Scheme (PO MIS) Account?
Post Office Monthly Income Scheme (PO MIS) account can be opened in the nearest post office branch. A depositor can open one or more than one POMIS account (subject to meet the condition that deposits in all accounts taken together shall not exceed rupees 4.5 lakh in single … [Read more...] about How to Open Post Office Monthly Income Scheme (PO MIS) Account?