LIC’s single Premium Pension plan ‘ LIC Jeevan Shanti’ (Plan No. 850) is currently one of the popular Pension plans. It offers the guaranteed pension to the policyholder, with options like an immediate pension or deferred pension. However, LIC is soon planning to stop offering the ‘immediate pension’ option under ‘Jeevan Shanti’ plan. LIC is […]
Insurance
How to register LIC NEFT Mandate online? | New Provision
LIC had been issuing Cheques for settling insurance claims and also for making maturity/ other benefits payments until 2011. Since 2012, LIC has made it mandatory for the policy holder to submit ‘NEFT Mandate form’ to receive any type of payments from the insurer. Until recently, Customers or policy holders can submit the details of […]
Corona Kavach & Corona Rakshak Health Insurance Plans | Details & Review
In view of the global pandemic Covid 19, the IRDA had earlier mandated all Insurance companies to come up with a Covid Standard Health Insurance Policy. As per the IRDA directives – Life, non-life and standalone health insurers are going to offer short term health insurance policies, especially dedicated to covering the treatment cost of […]
IRDA Claim Settlement Ratio 2018-19 Data | Top 10 Life Insurance Companies based on CSR
Insurance Regulatory Development Authority (IRDA) has recently released its Annual report for 2018-19. 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 2018-19. What is Death Claim Settlement Ratio w.r.t Life Insurance? Claim settlement is one of the […]
Latest Health Insurance Incurred Claims Ratio 2018-19 Data | Top Health Insurance Companies List
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 shortlisting a health insurance plan. What is Incurred Claims Ratio (ICR)? Incurred Claims Ratio is nothing but the total value of all claims paid by the health insurance company […]
ICICI Prudential Precious Life (new) Term Insurance Plan | Life Cover to Individuals With Health Conditions
If death is certain, can insurance be optional? If life is unpredictable, insurance can’t be optional. As an earning member of a family, having adequate life insurance cover is a must. That’s the basic building block of Financial Planning Pyramid. Term Insurance plans are typically focused on providing life cover to individuals who are healthy. But, […]
