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?
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
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?
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?
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?
What is a term assurance? Term assurances are the purest and cheapest form of insurance. Term assurances are plans where benefits are payable only on the death of the policy holder within the term. What is whole life plan? Whole life plans are a special type of term … [Read more...] about Know the meaning of different Life Insurance?
Most of the insurance company now advertise – ‘Life Cover of 25 lakhs for premium only Rs.11.8 per day’ or ‘Life Cover of 25 lakhs for premium only 354 per month’. This is a marketing gimmick, if they change the above line to ‘Life Cover of 25 lakhs for premium only 4248 per … [Read more...] about Want to save money? Select annual premium paying mode for Life Insurance Premium
Internet customers can go online and take advantage of insurance aggregator websites designed to cut premium costs. we are putting ten such websites, which might be already bookmarked by many internet users, there are a host of others which are worth adding to your favourites. … [Read more...] about Ten of the best … Insurance Aggregator in India
1. No Claims Last year - Get No Claim Bonus (NCB) and you can save up to 50% of Own Damage Premium. What is No Claim Bonus? If you do not have any insurance claim/s, you get No Claim Bonus (NCB) at the rates mentioned below (based on no of years of no claim) - the premium is … [Read more...] about Top Tips for Saving Money on Car Insurance
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?