BIMA ACCOUNT ‐ II (Plan No. 806) Without profit Variable Insurance plan Benefits a) On maturity: An amount equal to balance in the Policyholder’s Account is payable. b) On death: The Sum Assured and the balance in the Policyholder’s Account payable to … [Read more...] about BIMA ACCOUNT ‐ II (Plan No. 806) – Review
PPF Forms – When and How you can use them?
Form A - PPF Account Opening Form Form B - Amount Deposit into PPF Account Form Form C - Loan on PPF Account 1. Withdrawals from the PPF Account with following conditions - a) Any time after the expiry of five years from the end of the year in which the initial … [Read more...] about PPF Forms – When and How you can use them?
LIC’s launched ULIP – Samridhi Plus
LIC’s Samridhi Plus is a unit linked plan with a policy term of 10 years that offers payment of Fund Value at the end of the policy term based on the Highest Net Asset Value (NAV) over the first 100 months of the policy or the NAV as applicable at the end of the policy term, … [Read more...] about LIC’s launched ULIP – Samridhi Plus
IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan
IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan. IDBI Federal Retiresurance® is a unique retirement plan which comes with the twin benefits of guaranteed accumulation with attractive annuities. IDBI Federal Retiresurance® Guaranteed Pension Plan … [Read more...] about IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan
LIC's BIMA ACCOUNT ‐ I (Plan No. 805) Review
BIMA ACCOUNT ‐ I Without profit Variable Insurance plan Benefits a) On maturity - An amount equal to balance in the Policyholder’s Account is payable. b) On death - The Sum Assured and the balance in the Policyholder’s Account payable to nominee. Features It … [Read more...] about LIC's BIMA ACCOUNT ‐ I (Plan No. 805) Review
ING Life launched 'ING ACE' with guaranteed returns
ING Life launched traditional insurance product 'ING ACE' offering guaranteed additions, limited premium pay and tax benefit. The new plan has two variants — Pension and Life with features as guaranteed additions, limited premium pay and tax benefit under Section 80 C of the … [Read more...] about ING Life launched 'ING ACE' with guaranteed returns
Max New York Life introduces ‘College Plan’
Max New York Life Insurance launched “Max New York Life College Plan’, a guaranteed money back child plan. 'College Plan’ is a Guaranteed Money Back Life Insurance Plan designed to Meet the Rising Cost of College Education of your Child. The plan provides peace of mind as it … [Read more...] about Max New York Life introduces ‘College Plan’
Health Insurance premium tax deduction under Sec 80D
As per IT Act, Section 80D provides for deduction available for health premium paid. Who all eligible Sec 80D deduction is available to - 1. Individual (resident or non resident ,Indian Citizen or foreign citizen) 2. HUF (Hindu undivided Family may be resident or non … [Read more...] about Health Insurance premium tax deduction under Sec 80D
'Portability of Health Insurance' now reality
As per Insurance Regulatory and Development Authority (IRDA) latest press release, health insurance policy holders will soon have the choice to switch over from one company to another company under the new portability option. The move is expected to increase quality of services … [Read more...] about 'Portability of Health Insurance' now reality
Irda alert against false sale calls
After detecting fraudulent instances on similar lines that had hit Citibank’s wealth management operations in the country, the insurance regulator has filed a police complaint in New Delhi. Issuing alerts to the insurers, Irda has said it has received complaints from various … [Read more...] about Irda alert against false sale calls