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?
howtos
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?
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?
How to claim under personal accident insurance?
Immediate action after the accident First of all, please take care of your health and consult doctor for precaution and treatment (if required). Notify Police authorities in case of Road Traffic accident. Notify the claim at the insurance company’s call centre as soon as … [Read more...] about How to claim under personal accident insurance?
How to Lodge Online Complaint about your LIC Policy?
Register on LIC's website First go to LIC's website licindia.in and complete the registration. For this, you need to have your policy number, date of birth and instalment premium details and email Id with you. You will get an email from LIC on successful registration. Enrol … [Read more...] about How to Lodge Online Complaint about your LIC Policy?
How does Grace Period affect your life insurance policy?
The policy contract provides a 'grace period', which gives the policyholder an additional period of time after the due date for the payment of the premium. During this period, policyholder can still pay his/her premium and the life policy still continues to be in force. For … [Read more...] about How does Grace Period affect your life insurance policy?
How to revive lapsed ICICI Prudential life insurance policy?
Every time, before your premium due date, ICICI Prudential will send you a premium reminder with the premium amount and due date. After this due date, if you would not pay the premium, there will be a grace period, for which you will receive another mail. If you don’t pay the … [Read more...] about How to revive lapsed ICICI Prudential life insurance policy?
What to do, if your LIC Policy has lost?
First make a thorough search (within your residence, among your investment papers, at your office) before concluding that you have lost the policy bond. It could have been even pledged with LIC/any other financial institution for availing a loan by you. LIC retains the policy … [Read more...] about What to do, if your LIC Policy has lost?
How to Pay – Online Life Insurance Premium Payment
Now a days you don’t need to go to the insurer branch and stand in queue to deposit your life insurance premium. You can pay the premium online by using online gateways (This functionality is available only to registered customers, who have enrolled their policies online on the … [Read more...] about How to Pay – Online Life Insurance Premium Payment
What your home insurance may not cover?
Mr and Mrs X bought a home insurance policy last year, only to be told that it would not pay out when they made a claim. Mr and Mrs X was away from the home for 45 days to Australia to see his son and his family, with no one occupying his home in India. On returning back to … [Read more...] about What your home insurance may not cover?