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 of time (policy term/duration). If the insured dies during the time period specified in the policy and the policy […]
Life Insurance
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 ‘Whole-Life Insurance Plan’? – It is a life insurance policy which is guaranteed to remain in […]
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 having Aadhaar card. One of the most popular ‘news topic’ that has […]
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 having Aadhaar card. One of the most popular ‘news topic’ that has […]
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, Post office, Provident Fund office, Income Tax departments etc., Some people, maintain records of their […]
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 Settlement Ratio 2015-16. What is Death Claim Settlement Ratio w.r.t Life Insurance? Claim settlement is one […]