In order to ensure faster credit of policy monies with greater security and privacy, from 1st October'2011, LIC of India will be crediting all payments (i.e. Survival Benefit, Maturity, Loan, Surrenders, payments of Pension & Group Schemes etc., ) directly to the Bank Account of … [Read more...] about LIC introduces Electronic Funds Transfer for all payments from 1st Oct
What you need to know about Health Insurance Portability?
What does ‘Health Insurance Portability’ mean? Health Insurance policy holders, who are not satisfied with the services of the present provider, will be able to switch/change their service provider without losing the basic coverage of health insurance. As per IRDA portability … [Read more...] about What you need to know about Health Insurance Portability?
Bajaj Allianz launches Term Plans – 'iSecure Loan' 'iSecure More'
Bajaj Allianz Life Insurance has launched new term plans iSecure Loan and iSecure More. iSecure Loan is a decreasing cover plan to cover all kinds of loan liabilities and iSecure More is an increasing cover plan that provides increasing protection every year without increasing … [Read more...] about Bajaj Allianz launches Term Plans – 'iSecure Loan' 'iSecure More'
Sbi Life's Health Insurance – 'Hospital Cash' : Review
Salient Features of Sbi Life's Hospital Cash 1- 100% payout from day 1 of hospitalization without any deductible, double in case of ICU 2- Coverage for pre-existing diseases after 2 years of continuous renewals 3- No Claim Bonus by way of enhanced sum assured on each policy … [Read more...] about Sbi Life's Health Insurance – 'Hospital Cash' : Review
ICICI Pru launches ULIP plans – 'Elite Life' 'Elite Wealth'
ICICI Prudential has launched two unit linked insurance products – ICICI Pru Elite Life and ICICI Pru Elite Wealth. These products offer customers the flexibility of choosing the frequency of their premium payments. The products offer customers the flexibility of either … [Read more...] about ICICI Pru launches ULIP plans – 'Elite Life' 'Elite Wealth'
Top Six Travel Insurance buying tips
Look online Check online price comparing websites. You're likely to get the best rates by purchasing cover on the internet. Be open about your health Declare any information that could lead to a travel insurance claim, especially any pre-existing medical conditions … [Read more...] about Top Six Travel Insurance buying tips
IRDA nod for Reliance Life sale of 26% stake to Nippon Life
Reliance Life Insurance has received in-principle approval from insurance sector regulator IRDA for its proposed 26 percent stake sale in Reliance Life Insurance to Japan’s Nippon Life. The company has received in-principle approval from the Insurance Regulatory Development … [Read more...] about IRDA nod for Reliance Life sale of 26% stake to Nippon Life
Missed LIC Premium Payment, pay within 30 days, without any interest
If you have missed the LIC premium within the due date there is still time for you to make the payments without payment of interest on the premium. This period is called the Grace Period. (with the exception of some plans). 1. The grace period for policies where the premium … [Read more...] about Missed LIC Premium Payment, pay within 30 days, without any interest
Canara HSBC OBC Life Insurance launches Smart Sanchay Plan
Canara HSBC Oriental Bank of Commerce Life Insurance Launches Smart Sanchay Plan, a traditional group protection-cum-savings product. Smart Sanchay Plan has been designed for deposit account holders of the distributor banks and is tailor-made for the Company’s bancassurance model … [Read more...] about Canara HSBC OBC Life Insurance launches Smart Sanchay Plan
Know your Comprehensive Car Insurance Policy!
What is Covered? 1. Loss or Damage to your car against Natural Calamities Fire, explosion, self-ignition or lightning, Earthquake (Fire and Shock) Damage, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide. 2. Loss or … [Read more...] about Know your Comprehensive Car Insurance Policy!