Now and than you hear fraud news on insurance policies. It has impact on both insurers and policyholders. Lets check out - how to find out fake insurance policy - 1- Buy directly from the Insurance Company When no intermediate in between and you buy directly from the … [Read more...] about How to Check whether your Insurance Policy is Fake or not?
How to Pay Insurance Premium via Mobile?
You can pay your insurance premium anytime and from anywhere, just using your mobile phone and credit/debit card. Let's check out available mobile options - 1- Mobile Website - Some insurers has come up with mobile websites/applications for renewal of their insurance policies … [Read more...] about How to Pay Insurance Premium via Mobile?
IRDA has Revised Norms for Traditional Life Insurance Products
The Insurance Regulatory and Development Authority (IRDA) has revised the minimum death benefit and minimum surrender value norms for traditional life insurance products. Traditional life insurance products now come with a mandatory higher minimum death benefit and surrender … [Read more...] about IRDA has Revised Norms for Traditional Life Insurance Products
IRDA brings in Paint of Vehicle under Depreciable Part
Insurance Regulatory and Development Authority (IRDA) included vehicle paint under the purview of depreciable part and fixed rate of depreciation for the same. As per IRDA Press Release, "Rate of Depreciation for Painting : In case of painting, the depreciation rate of 50 per … [Read more...] about IRDA brings in Paint of Vehicle under Depreciable Part
Life Insurer’s IRDA Claim Settlement Ratios for Financial Year 2011-12
As per IRDA Annual Report for Financial Year 2011-12, Edelweiss Tokio Life has got - 100%, the highest claim ratio, followed by Life Insurance Corporation of India (LIC) - 97.42%. Lowest claim ratio is - 24.46% of DLF Pramerica Life, seconded by Shriram Life - 64.93%. Maximum … [Read more...] about Life Insurer’s IRDA Claim Settlement Ratios for Financial Year 2011-12
Aegon Religare’s New iTerm Plan (revised) : Review
AEGON Religare's New iTerm life insurance plan is a revised online term plan. The new plan is a enhanced version of previous online iTerm plan. This plan has got coverage of terminal Illness and some additional riders - Accidental Death, Waiver of Premium on Critical Illness … [Read more...] about Aegon Religare’s New iTerm Plan (revised) : Review
LIC’s Flexi-Plus ULIP : Review
LIC's Flexi-Plus is a unit linked insurance plan (ULIP), which offers two fund options - Debt and Mixed. However, the equity component in the product will not exceed 25%, which means that its returns will be capped. Salient Features of Flexi-Plus ULIP Minimum Age at … [Read more...] about LIC’s Flexi-Plus ULIP : Review
ICICI Lombard’s International Travel Insurance Plan : Review
ICICI Lombard's Travel Insurance Plan is most comprehensive plan available in India. Best part of this plan is that it's providing coverage upto 85 years without medical check-up. Positive Points 1- Coverage upto 85 years without medical check-up as per plan opted, but the … [Read more...] about ICICI Lombard’s International Travel Insurance Plan : Review
LIC’s New Jeevan Nidhi Plan : Review
LIC's New Jeevan Nidhi Plan is a conventional with profits pension plan (Deferred Annuity Plan) which also provides death cover during the accumulation phase and offers annuity on survival to the date of vesting. It has two phase - Accumulation Phase and Vesting Phase. In … [Read more...] about LIC’s New Jeevan Nidhi Plan : Review
NRIs : You can’t transfer your US/UK Credit History to India
Yes, you read it right. You can't take your credit history with you, when you are moving from foreign countries (USA, UK, Australia etc.) to India or from India to US/UK. Even when same Credit Reference Agencies are operating in both countries. You need to build your credit … [Read more...] about NRIs : You can’t transfer your US/UK Credit History to India