Samir had bought a Honda City last year and added few latest accessories in it. Now it’s time of insurance renewal of the Honda City, so he called up an insurance agent. Insurance agent checked the latest market price of that model and gave him the IDV(Insured declared value), … [Read more...] about How underinsurance and overinsurance will affect you?
Bharti AXA Life launches five new products
Bharti AXA Life Inurance has launched five products - two unit-linked and three traditional plan. The new scheme are Child Plan - Bright Stars Edge and Guranteed Plan - True Wealth are ULIPs, while Future Champs, Family Income Secure and Aajeevan Anand are traditional plans. … [Read more...] about Bharti AXA Life launches five new products
LIC launched two non linked plans – Bima Account I and Bima Account II
Life Insurance Corporation launched two new non linked plans - Bima Account I and Bima Account II. LIC’s Bima Account - I is a simple non-linked plan under which offers an insurance plan without undergoing any medical examination subject to certain conditins. LIC’s Bima … [Read more...] about LIC launched two non linked plans – Bima Account I and Bima Account II
Income Tax Deductions – Under Sec 80
Section Rebate Deduction 80C Life Insurance Premium – Self, Spouse, Children (Dependent, Independent, Married, Unmarried) Contribution to Provident Fund, Superannuation Fund ≥5 years term deposit in bank/Post office PPF – Self, Spouse, Children (Minor) … [Read more...] about Income Tax Deductions – Under Sec 80
Bajaj Allianz launches – Super Cash Gain and Money Secure
Bajaj Allianz Life Insurance has launched two new products catering to the financial needs of various stages of life. These products are Bajaj Allianz Super Cash Gain and Bajaj Allianz Money Secure. Super Cash Gain is a traditional money back plan that gives cash back at … [Read more...] about Bajaj Allianz launches – Super Cash Gain and Money Secure
How to get maximum return out of PPF account?
The rate of interest will be calculated on the lowest balance in the account between the close of the fifth day and the end of the month and will be credited to your account at the end of the year. So, to get the maximum out of your investment, deposit the amount in the first few … [Read more...] about How to get maximum return out of PPF account?
Things to take care, before buying online term insurance
Twenty nine year old Lalit Kapoor is working for a MNC software company in Pune. He is an internet savvy guy and do most of things online, like banking, billpay or shopping etc.. So when it comes to buying insurance, he did some research himself by browsing leading investment … [Read more...] about Things to take care, before buying online term insurance
How bonus is calculated for a life insurance policy?
What is a Bonus? Bonus is a amount given to the policy holders apart from their maturity or death benefits. Bonuses are credited to the account of the policyholder and paid at the time of maturity. Bonus is declared as a certain amount per thousand of sum assured. As per IRDA, … [Read more...] about How bonus is calculated for a life insurance policy?
Aviva launches two new life products Aviva Life Shield Platinum and Aviva Dhan Varsha
Aviva Life Insurance launches two new insurance plans – Aviva Life Shield Platinum and Aviva Dhan Varsha. Highlights of Aviva Life Shield Platinum This plan offers three unique protection options with lower costs as compared to the other term plans. Option A – Life … [Read more...] about Aviva launches two new life products Aviva Life Shield Platinum and Aviva Dhan Varsha
Max New York Life launches new ULIP – FLEXI Fortune
Max New York Life has launched a new unit linked plan - 'FLEXI Fortune' Life Insurance plan. Age Criteria Minimum Age of Life Insured at Entry (Last Birthday) - 7 years Maximum Age of Life Insured at Entry (Last Birthday) - 50 years Maximum Age of Life Assured at … [Read more...] about Max New York Life launches new ULIP – FLEXI Fortune