Term insurance is the simplest and most fundamental insurance product. Term insurance plans are designed to ensure that in the event of the policyholder’s death, the family gets the sum assured (the cover amount).Term plan provides risk coverage for a certain period Continue Reading.....
LIC Jeevan Umang – New Whole Life Plan | Features, Illustration & Review
Life Insurance Corporation of India (LIC) has launched a New Whole-Life plan called as 'LIC Jeevan Umang' on 16th May, 2017. This new plan from LIC is a traditional, Non-linked, with-profits, Whole Life Assurance and Limited Premium Payment Option plan.What is Continue Reading.....
PMVVY (Pradhan Mantri Vaya Vandana Yojana 2017-18) : Govt’s New Pension Scheme for Senior Citizens | Review
In Budget 2017-18, the current central Govt has announced that a new Pension Scheme would be launched for Senior Citizens with a guaranteed rate of return. This is similar to Varishtha Pension Bima Yojana (2014) Scheme which was launched during 2014-15.Varishtha Continue Reading.....
LIC Aadhaar Stambh (Life insurance plan for Males) – Features, Benefits and Review
LIC has launched two new life insurance plans called LIC Aadhaar Stambh & Aadhar Shila. These plans are available for purchase from 24th April, 2017 onwards. LIC claims that Aadhaar Stambh life insurance policy has been exclusively designed for Male lives who are Continue Reading.....
LIC Aadhaar Shila (Life insurance plan for Females only) – Features, Benefits and Review
LIC has launched two new life insurance plans namely LIC Aadhaar Shila & Aadhaar Stambh. These plans are available for purchase from 24th April, 2017 onwards. LIC claims that Aadhaar Shila life insurance policy has been exclusively designed for Female lives who are Continue Reading.....
Unclaimed Insurance Policy amount : How to locate, find & claim it?
Unclaimed money is money from lost bank accounts, shares, investments and life insurance policies. Are you aware of the fact that Unclaimed investments to the tune of around Rs 40,000 Crores are lying with financial institutions like Banks, Life insurance companies, Continue Reading.....
Difference Between Individual (Personal) & Employer based Health Insurance Plans – Pros & Cons
Health Insurance is an important form of financial protection which will provide a cushion effect in case of uncertain or planned hospitalization expenses. The majority of Indians does not have a health insurance cover while the others do not have an adequate health Continue Reading.....
Latest IRDA Incurred Claims Ratio 2015-16 | Health Insurance Vertical
Every year, IRDA (Insurance Regulatory & Development Authority) publishes Incurred Claims Ratio (ICR) data in its annual report. ICR is one of important factors that you can consider when buying a health insurance plan.What is Incurred Claims Ratio Continue Reading.....
IRDA Claim Settlement Ratio 2015-16 | Top 10 Life Insurance Companies based on CSR
Insurance Regulatory Development Authority (IRDA) has released its Annual report for 2015-2016 on 15th December, 2016. Based on the annual report, I had listed down Top 10 Best best Life Insurance companies. The criteria for the selection is Individual Death Claim Continue Reading.....
LIC New Plans list 2016-17 : Features, Review & Snapshot of all the Plans
LIC has launched 4 new plans in 2016. In this post I have tried to list down the important features, details and my recommendations on all LIC New Plans that are launched in 2016-17.From January 2016 to December 2016, LIC has launched three Endowment plans and one Continue Reading.....
