Insurance Regulatory Development Authority has released its Annual report for 2013-2014 on 8th January,2015. Based on the annual report I had listed down the best Life Insurance companies. The criteria for the selection is CLAIM SETTLEMENT RATIO 2013-14. What is Claim Settlement Ratio in Insurance? Claim settlement is one of the most important services that […]
Life Insurance
Pradhan Mantri Jan Dhan Yojana & Life Insurance Coverage : Features & Details
” Pradhan Mantri Jan Dhan Yojana ” scheme was launched on 15th August, 2014 by our honorable Prime Minister. PMJDY is a popular Financial Inclusion scheme. As of January 2015, it is believed that around 10 crore bank accounts are opened under this scheme. The main aim of the scheme is to encourage and bring […]
LIC Limited Premium Endowment Plan offers “Limited Returns”
It’s that time of the year when you have to submit the Investment Proofs (Tax saving investments) to your employers. It is also the right time for some Life Insurance / Financial advisors to mis-sell financial products. Recently LIC of India has launched a new plan called, LIC Limited Premium Endowment plan. Without any doubt, […]
LIC Limited Payment Endowment Plan (Table no 830) – Features & Review
LIC (Life insurance Corporation) is set to launch one more traditional policy which is Limited Payment Endowment Plan. The main feature of this new plan is, the payment of premiums is limited to a term shorter than the policy. The maturity amount is payable at the end of the policy term, or on the death […]
Term Insurance : Is it just a waste of your money?
In most of my financial counseling sessions the hot topic has always been, “Is term insurance the best form of insurance?” Or is it a waste of money? Many investors have a perception that buying a Term insurance plan is a waste of money. They argue that the investor (insured person) will not receive any […]
LIC’s Bonus rates for 2014-2015
LIC’s Bonus rates for 2014-2015, have been declared on 1st Sep,2014. Every year LIC declares bonus rates on all its Products. Most of us may hold atleast one LIC policy. Especially, traditional policies like Money back,Endowment polices, Jeevan Anand etc., It is very important to track the bonus rates for the plans you hold. The […]
