Just wanted to share some points with you on Sec 80C, 80CCC, 80D tax purpose - Life Insurance Premium Any Premium in excess of 20% of sum assured is not eligible for tax rebate under sec 80C. E.g. You have policy of sum assured Rs. 4,00,000/- and you are paying premium every … [Read more...] about Save Tax – Under Sec 80C, 80CCC, 80D
Life Insurance is a long-term contract for 20-30 years. You cannot change or amend these contracts during the policy. So take time to understand beforehand about your need (how much to insure and how long to insure), coverage you are looking for and the products available in the … [Read more...] about What to keep in mind, while buying Life Insurance?
IRDA tightened the norms for ULIP schemes by raising the lock-in period and raising the insurance cover on them. IRDA also bought in new guidelines like sale of insurance policies by unlicensed personnel and several other malpractices. Lock in period increased to five years - … [Read more...] about IRDA issues new ULIP guidelines, raises lock in period to 5 years
Family Floater Policy is most advocated policy in health insurance. In this article we are going to discuss all the aspects of the Family Floater Policy. Family Floater Policy is a single policy to cover all the members of the family. All the members can benefit by the floating … [Read more...] about Health Insurance – Family Floater Policy