Max New York Life Insurance has launched ‘Fast Track Plan’, a highly customizable unit-linked life insurance plan that offers consumers the opportunity to catch up on lost time for those life needs they may have de-prioritised for more immediate needs. Fast Track helps plan their … [Read more...] about Max New York Life Launches ULIP ‘Fast Track Plan’
Top 5 Online Term Insurance Plans (2011)
Why buying Online Term Insurance plans makes more sense? (a) Low premium as compared to offline - The premium of online term plans are lower by up-to 40% compared to offline term plans. (b) Higher Sum Insured - Companies are encouraging buyers to take higher cover. If a 25 … [Read more...] about Top 5 Online Term Insurance Plans (2011)
Chola MS launches Individual Healthline and Chola Total Home Protect
Chola MS General Insurance launches Individual Healthline (IHL) and Chola Total Home Protect. Chola Healthline mediclaim even covers dental care and ayurvedic treatment under an ‘advanced’ option. IHL is India’s first health insurance policy to cover hospitalization for Ayurveda … [Read more...] about Chola MS launches Individual Healthline and Chola Total Home Protect
How to Surrender LIC Policy?
If you have bought a LIC endowment or money back plan and looking to surrender it for cash value. Here is how you can surrender your LIC policy – First Check - does your policy have a surrender value? Check the policy bond and other documents if the policy has a surrender … [Read more...] about How to Surrender LIC Policy?
HDFC Life launches new plan 'Sampoorn Samridhi'
HDFC Life’s launches a new plan 'Sampoorn Samridhi', which offers benefits of both an Endowment Plan and a Whole Life Plan. Salient features of HDFC Life’s Sampoorn Samridhi 1- Choice of Maturity Benefit Option The customer can opt for either one of the below two maturity … [Read more...] about HDFC Life launches new plan 'Sampoorn Samridhi'
Comparison between LIC’s Jeevan Arogya Health Protection Plus
We have already reviewed LIC’s Jeevan Arogya & Health Protection Plus. Let’s compare both the above plans based on the features. S.No. Health Insurance Jeevan Arogya Health Protection Plus 1. Insured Members Parents & In laws (Parents) can also be … [Read more...] about Comparison between LIC’s Jeevan Arogya Health Protection Plus
IFCI – Tier II Subordinated Bonds
IFCI is launched Tier-2 bonds from 1 June 2011 on private placement basis. IFCI to offer 1,50,000 subordinated,Unsecured,Redeemable,Non convertible bonds series-1 of Rs.10,000/- each aggregating to Rs. 150 Crore with option to retain over subscription. Important points to keep … [Read more...] about IFCI – Tier II Subordinated Bonds
What is an Annuity?
What is an Annuity? An annuity is a fixed sum of money paid at regular intervals. “Annuity” comes from the Latin for “year”. In the context of life insurance, it is a contract between you and an insurance company under which the insurance company pays you money for a stipulated … [Read more...] about What is an Annuity?
LIC’s Jeevan Arogya : Review
Salient features of LIC’s Jeevan Arogya 1. The minimum age of entry in this case is 18 years, while 65 is the upper limit for principal insured. 2. Minimum Sum Insured 1,00,000 to Maximum Sum Insured 4,00,000. 3. Provides Fixed benefits for Hospitalization and almost all … [Read more...] about LIC’s Jeevan Arogya : Review
What are Riders in an insurance policy?
What are Riders in an insurance policy? The riders are meant to provide additional but optional benefits, to cover against specified risks. Depending upon the risk perception additional covers can be brought with the basic policy. These riders may cover accidental death, … [Read more...] about What are Riders in an insurance policy?