The Insurance Regulatory and Development Authority has created a Motor Third Party Declined Risk Insurance Pool. It provides mandatory third party cover for commercial vehicles. The existing motor third party pool will be dismantled with effect from March 31, 2012. The motor … [Read more...] about IRDA : Dismantling of existing Indian Motor Third Party Pool
Health Insurance Claim Process
The Process Flow of Health Insurance Claim - … [Read more...] about Health Insurance Claim Process
‘Term Insurance + NSC’ is better than LIC’s Jeevan Anand
Let's compare LIC's Jeevan Anand plan with the combination of a term insurance plan (Kotak Life e-Preferred Term) and NSC. We have kept the sum assured same in both cases so that if an eventuality occurred the insured will get the same amount. Insured Age - 35 Years; Term - … [Read more...] about ‘Term Insurance + NSC’ is better than LIC’s Jeevan Anand
‘Term Insurance + PF’ is better than LIC’s Jeevan Anand
Let's compare LIC's Jeevan Anand plan with the combination of a term insurance plan (Kotak Life e-Preferred Term) and PF. We have kept the sum assured same in both cases so that if an eventuality occurred to the insured will get the same amount. Insured Age - 35 Years; Term - … [Read more...] about ‘Term Insurance + PF’ is better than LIC’s Jeevan Anand
LIC's Jeevan Anand : Review
LIC India’s Jeevan Anand plan is the combination of whole life policy and endowment insurance policy with little extra premium compared to Pure Endowment plan. The plan provides the per-decided Sum Assured and bonus at the end of the stipulated Premium Paying Term (PPT), but the … [Read more...] about LIC's Jeevan Anand : Review
MetLife launched unit-linked child plan – 'Met Smart Child'
MetLife India Insurance has launched a new unit-linked child plan - 'Met Smart Child'. The unique feature of Met Smart Child is that the fund is locked in for the benefit of the child till the child turns 18. This will ensure that the fund never gets misused and is solely used … [Read more...] about MetLife launched unit-linked child plan – 'Met Smart Child'
Online Term Insurance : Get more cover at less premium
30 years old; Non Smoker; Male Sum Insured Premium 25 Lakhs Rs 4300 30 Lakhs Rs 5160 35 Lakhs Rs 6020 40 Lakhs Rs 6880 50 Lakhs Rs 5600 60 Lakhs Rs 6720 70 Lakhs Rs 7840 80 Lakhs Rs 8960 90 Lakhs Rs … [Read more...] about Online Term Insurance : Get more cover at less premium
Kotak Life Insurance launches ULIP- 'Kotak Invest Maxima'
Kotak Life Insurance has launched an investment oriented Unit Linked Insurance Plan (ULIP)- 'Kotak Invest Maxima'.The plan offers a zero premium allocation charge feature maximizes the investible component the choice of three different portfolio management … [Read more...] about Kotak Life Insurance launches ULIP- 'Kotak Invest Maxima'
Bajaj Allianz Life launches new ULIP – Guaranteed Maturity Insurance Plan
Bajaj Allianz Life Insurance has launched new ULIP - Guaranteed Maturity Insurance Plan. This ULIP provides at maturity at least twice the value of single premium paid along with life cover. With minimum single premium at Rs 5,000, the product offers the lowest single premium … [Read more...] about Bajaj Allianz Life launches new ULIP – Guaranteed Maturity Insurance Plan
Irda issues IPO norms for Life Insurers
Insurance Regulatory and Development Authority (IRDA) has came out with guidelines allowing life insurance companies, which have been in business for over 10 years, to raise funds from the public through IPOs. Some Points: 1- No life insurer can approach market regulator … [Read more...] about Irda issues IPO norms for Life Insurers