If you find yourself stuck with a wrong policy situation, consult your financial planners or insurance advisors and then decide on continuing the policy based on the merits of the case and your finances, among other factors.
Under the standard fire and special perils policy, everything is excluded other than whatever is named specifically in the cover. Removal restriction on an all-risk policy will also result in greater adoption of loss of profit insurance, which is a critical risk for any company. Insurance companies are likely to offer value-added services like a replacement car in case of a car breakdown and full compensation (without any depreciation) if the car is damaged.
Accident insurance is the cheapest and smartest way of filling the insurance gap especially for the young.
There are options like loan against property, stocks and life insurance policies.
A quick snapshot about the fundamentals of the concept of life insurance.
In a bid to augment its revenue, the postal department would soon commence life insurance business, Union Minister for IT and Telecom A Raja has said.
And here's how to avoid rejection of your insurance claim
The Insurance Regulatory Development Authority plans to introduce guidelines soon on transfer (also called assignment) of insurance policies after the Insurance Act is amended.
It is important for both the insured and the nominee to know the process of insurance claim settlement. A false step can lead to denial of the benefit for which life cover is bought.
Before buying a life insurance policy, weigh the pros and cons of who you are buying froman agent, broker or bancassurance.
The policy features a combined death benefit to be paid upon the death of the single insured that more than doubles the previous record, Guinness said in a statement.
If you have done proper planning and have little liability, there is no need to go for an insurance policy after 50.
Experts (forex consultants and CFOs) estimate the notional losses on derivative products in Ludhiana to be Rs 200 crore to Rs 300 crore (Rs 3 billion), with a prominent textile player leading the table. But no company is willing to talk about their exposure or losses. A few companies, such as Vardhman Textiles, part of the S P Oswal Group, said they had no exposure.
Though agents promote Ulips instead of term policies, the latter make more sense for pure insurance purposes.
The Bombay high court has ruled that LIC has to honour claims made by lenders, that is banks, non-banking finance companies and financial institutions, if an LIC policyholder defaults in repaying the loan to the lender.
A smart investor buys a term cover for life insurance and invests in funds independently. But for those who cannot, Ulips are the best bets.
An insurance advisor/agent can play the part of the direct link between the insurance company and the insurance seeker i.e. you. He is the one who can help you select the right policy i.e. one which can help you fulfill your insurance needs.
Striking a balance between the cover needed and the premium outgo is critical.
Implementation of BI tools can improve the bottom line by 10-15 per cent of insurance companies.
It is a real life story. A story of an insurer that has managed to hold on to its lead in the marketplace for seven years.
Term plans not only give high cover for low premiums, they are flexible and can help you cover various loans as well
It is ideal to purchase life insurance as soon as you become financially independent.
A few guidelines on the various aspects which individuals should look at while assessing an insurance plan.
Surrendering a ULIP after having paid the premiums for the first three years may be an unwise option.
The country's largest lender State Bank of India has seen a perceptible increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent currently, chairman Dinesh Khara said. The rise in the number of digital transactions at the bank was largely driven by pick up in e-commerce during the pandemic-induced lockdown, which restricted movement, he said.
ULIPs have become popular amongst investors, especially those who do not have the time to track the markets but want to earn higher returns on maturity.
pension plans apart from playing a significant role in retirement planning, also offer tax benefits under a dedicated section i.e. Section 80CCC
Here's an investment strategy for investments in tax-saving funds.
While conventionally life insurance products have been bought for the tax sops (under Section 80C) they offer, there is much more to life insurance. Read on...
Join us for an online chat with health insurance expert Anil Rego between 2 pm and 3 pm on Thursday, February 15.
Neha Kapoor, 22, wants to buy a laptop and save for the future. Financial planning expert Gaurav Mashruwala tells her how she can achieve both goals.
We give you a number of instances when office mediclaim may not meet all your needs.
Mediclaim covers not only the expenses incurred during hospitalisation but also the pre and post-hospitalisation expenses (subject to conditions).
Simply put, riders are add-on benefits which can be bought along with a life insurance policy. They enable insurance seekers to increase the scope of protection offered by the insurance policy for a price.
Our readers have shared with us their fiscal resolutions. Here's a brief look at some of them.
What makes unit linked insurance plans attractive to investors? Here are 4 reasons that make ULIPs irresistible.
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