MDRT is short form of Million Dollar Round Table and founded in 1927. MDRT is an international, independent association of finance professionals that has representation from more than 450 companies. Today, MDRT is a thriving association of over 40,000 members representing 76 … [Read more...] about What is MDRT (Million Dollar Round Table)?
IRDAI has notified new IRDAI Health Insurance Regulations, 2016. As per the Schedule – III of the Regulations; IRDAI has specify new Guidelines, Regulatory Returns and Formats etc. for Insurers and TPAs. What this means for you - they have introduced standard definitions for … [Read more...] about IRDAI – Guidelines on Standardization in Health Insurance
Lifetime Renewability As per the new IRDAI - Health Insurance Regulations 2016 guidelines, each insurance company has to introduced lifetime renewability of all their health insurance policies. With the new guidelines, if you have a policy issued in your name, you can continue … [Read more...] about How IRDAI’s new Health Insurance Regulations 2016 affect Consumers?
Wanted to reduce your health insurance premium, you can do that by buying (or porting your existing policy to) these health insurance plans: Family Discount Apollo Munich’s Easy Health Individual Plan offers 5% discount for covering 2 members and 10% discount for 3 or more … [Read more...] about How to Reduce your Health Insurance Premium?
You can transfer the old car No Claim Bonus (NCB) or Discount to a new car by using any of the below two options: 1. If you are selling the car without the insurance, you can surrender the policy and ask insurance company for refund. The insurance company will refund you the … [Read more...] about How to Transfer Old Car No Claim Bonus (NCB) or Discount to New Car?
The new electronic mode KVP & NSC will have a new serial number which will not have spacing or hyphens anywhere. New Serial No of Kisan Vikas Patra: KVP will be issued in this format - KVP2016Q2DoP110001987654321 KVP2016Q2(DoP)(PIN Code)(Registration no.) KVP2016 - … [Read more...] about How to Read New Serial No of e-mode KVP & NSC?
What is "No Claim Bonus"? No Claim Bonus (NCB) or Discount is the benefit accrued by the policyholder if there is no claim lodged during the previous policy period. How much NCB you can Get? As per current insurance industry norms, it ranges from 20% to a maximum of 50%, based … [Read more...] about What is No Claim Bonus (NCB) and how it works?
From July 2016, CBS - Post Office and Banks started issuing Kisan Vikas Patra (KVP) and National Savings Certificates (NSC) as passbooks. The pre-printed certificates are now discontinued. KVP is available in Rs.1,000 to Rs.50,000 denomination and NSC is available in Rs.100 to … [Read more...] about How to buy NSC & KVP in passbook mode or electronic form?
Policy holders must nominate a nominee/beneficiary (as stipulated under Section 39 in The Insurance Act, 1938) at the time of the insurance proposal. One can have single, multiple or successive nomination. Documents you Need: 1. Filled LIC - Change of Nomination Form or … [Read more...] about How to Change LIC Policy Nomination?
The SSA can be transferred anywhere in India and from or to Post Offices and from or to Banks and between post office and Bank. SSA Transfer Process Steps: 1. Visit the Post Office branch, where you have your SSA account, along with Original SSA passbook and KYC … [Read more...] about How to Transfer Sukanya Samriddhi Account from Post Office to Bank?