Kisan Vikas Patra (KVP) Yojna has been relaunched by Government of India on 18th November 2014. Who can buy Kisan Vikas Patra? Any resident person or persons (as specified below) can make an application in Form-A either in person or through an authorised agent at a Post … [Read more...] about How to buy Kisan Vikas Patra?
LIC’s New Endowment Plus Plan (Table No.835) : Review
LIC India has launched the new ULIP Plan - New Endowment Plus (Table No.835). This is a first ULIP plan by LIC, since IRDAI issued new ULIP guidelines. Sailent Features of LIC’s New Endowment Plus Plan Minimum Entry Age: 90 Days (completed) Maximum Entry Age: 50 years … [Read more...] about LIC’s New Endowment Plus Plan (Table No.835) : Review
Sukanya Samriddhi Account: What are Withdrawal and Closure Rules?
Sukanya Samriddhi Account (SSA) Scheme gets matured on completion of 21 years from the date of opening of the account or when the girl child or daughter gets married, whichever is earlier. Please note that the girl attaining the age of 21 years has no relevance to maturity of … [Read more...] about Sukanya Samriddhi Account: What are Withdrawal and Closure Rules?
How Life Insurance Company pays Claim in Suicide Cases?
What is Suicide? Suicide is defined as the intentional killing of oneself. Life insurance policies refer to suicide simply as "suicide," or as "intentional self-destruction," or "death by one's own hand." What are Life Insurance Policy Suicide Clauses? There are certain … [Read more...] about How Life Insurance Company pays Claim in Suicide Cases?
How to buy Best Cancer Insurance Plan in India?
What is a Cancer Insurance? The Cancer Insurance Policy offers coverage towards the costs of diagnosis biopsy, surgery, chemotherapy and/or radiotherapy, hospitalization and rehabilitation. Cancer Covers available in India? In India there are three types of insurance … [Read more...] about How to buy Best Cancer Insurance Plan in India?
How Claim in Overlapping Health Insurance Policy Period is Paid?
If a health insurance or mediclaim policy claim is filed in two overlapping policy periods, it will get the benefit of available sum insured in both of those two policy periods, including the deductibles for each policy period. However, such eligible claim payable to the … [Read more...] about How Claim in Overlapping Health Insurance Policy Period is Paid?
Which LIC Insurance Policy should I buy?
This question is always in your mind, when you are planning to buy a LIC policy. But now LIC has solved this problem. You can use LIC Online Insurance Advisor and get plan options based on your criteria immediately. Steps to follow: 1- Go to LIC Insurance Advisor 2- … [Read more...] about Which LIC Insurance Policy should I buy?
How to find Unclaimed and Outstanding amounts of Pvt Life Insurers Policies Online?
In India, Rs 6,700 crore is lying unclaimed with Indian private and public insurance companies at the end of March 31, 2014. Among Pvt life insurers, Reliance Life has the maximum unclaimed amount of policy holders at Rs 1,502 crore followed by Bajaj Allianz Life (Rs 544 crore) … [Read more...] about How to find Unclaimed and Outstanding amounts of Pvt Life Insurers Policies Online?
How to find Unclaimed and Outstanding amounts of LIC Policies Online?
You are in a difficult position, where you parent/relative passed away unexpectedly and you were unable to locate his LIC India life insurance policy. Despite an exhaustive search at home, you couldn't find any LIC Receipt, policy bond, paper work or detailed information. In … [Read more...] about How to find Unclaimed and Outstanding amounts of LIC Policies Online?
What is the Maximum Exemption allowable under 80C for Life Insurance Premium Paid?
Section 80C of the Income-tax Act, in section (3), sub-section (3A) - (3) The provisions of sub-section (2) shall apply only to so much of any premium or other payment made on an insurance policy, other than a contract for a deferred annuity,issued on or before 31st day of … [Read more...] about What is the Maximum Exemption allowable under 80C for Life Insurance Premium Paid?