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 […]
Life Insurance
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 […]
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 Money-back plan. Out of the three Endowment plans, one is […]
How to update your contact details in your LIC policy?
Keeping your contact details up-to-date in your insurance policy is very important. If your insurance policy has your contact details (mobile number / email-ID) then you can receive alerts (or) information pertaining to your Policy like ; premium due dates, money-back details, maturity payments and any important notification that your insurer would like to send to […]
Latest LIC Bonus rates for 2016-17
LIC bonus rates for the year 2016-17 have been recently announced by the Life Insurance Corporation of India. These latest bonus rates are applicable for the valuation period from 1st April, 2015 to 31st March, 2016. This year LIC has declared a one-time Diamond Jubilee Bonus, marking its 60th anniversary celebrations. This bonus is in addition to Simple […]
LIC Bima Diamond – New Money Back Plan : Features, Review & Returns Calculation
Life Insurance Corporation of India (LIC) is celebrating this year (2016) as it’s Diamond Jubilee year. Marking the 60th anniversary celebrations, LIC is coming up with a new money back plan called as LIC Bima Diamond (Plan no 841). This new plan is a non-linked, traditional Money Back policy. This plan is available for purchase from 19th September, 2016 […]
