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 […]
Life Insurance
HDFC Life’s Click2Protect Plus – Features, Benefits & Review
HDFC Life’s Click2Protect Plus is an Online Term Insurance Product. The main feature of this plan is to provide financial protection for you and your family. It has unique features which are not available in most of the online term insurance plans. Let us understand its features and benefits. Eligibility conditions of Click 2 Protect […]
LIC’s Jeevan Shagun (Plan no 826) – Review & Returns Calculation
LIC’s Jeevan Shagun (Plan no 826) plan will be launched on 1st September,2014. This is a close ended plan. Plan is open for sale for a period of 90 days only. It is a single premium, non-market linked, with-profit,money-back type product. The single premium is calculated based on the Maturity Sum Assured (MSA) chosen by then […]
E-Insurance Account and its benefits
Insurance Repository services with a provision to open e-Insurance Accounts were launched exactly one year back. As of now this service is not a great success. The main reason being low awareness about e-insurance account. Also, the insurance industry did not market this service aggressively. Last week, LIC (Life Insurance Corporation) tied up with 5 […]
LIC Jeevan Rakshak (New Plan) – Review & Returns Calculation
LIC’s Jeevan Rakshak (Plan No.827) is a new Endowment Assurance Plan. This is a non-linked and with profits policy. Life Insurance Corporation (LIC) will be launching this plan on 19th August,2014. Key features of LIC Jeevan Rakshak Plan: Sum Assured (SA) : The Minimum SA is Rs 75,000 and the Maximum allowed is Rs 2 […]
Varishtha Pension Bima Yojana (2014) – a Senior Citizen’s pension scheme by the Govt
VARISHTHA PENSION BIMA YOJANA (VPBY) was a Government subsidized scheme announced for Indian Citizens aged 55 years and above, in the Union Budget 2003-04 (Atal Vajpayeeji’s tenure). Now, this plan will be re-launched by the current central government. VARISHTHA PENSION BIMA YOJANA (2003-04) Plan: When the scheme was launched in 2003, over 3 lakh people […]