Insurance companies have worked over the years to simplify their claim settlement process
The Life Insurance Corporation of India will soon file a special leave petition before the Supreme Court to prevent trading in life insurance policies.
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
Here are four things to keep in mind after buying life insurance
Is there any use of a policy for which you keep paying premiums for 20 to 30 years and in the end your claim gets rejected? Harjot Singh Narula offers advice on how not to get your claim rejected
Premium paid on life insurance policies entitles you to tax benefits. Read on to find out more about this.
Agents often influence customers into buying new products every year instead of continuing with their existing policies
The 39-year-old was arrested by the Enforcement Directorate from Ranchi after the agency conducted multi-city raids against him, Singhal, her businessman husband Abhishek Jha and others, on May 6.
Many people invest in insurance with a view to saving taxes. So what are the tax rebates available to an individual in respect of premium paid on life insurance policies?
Allowing it to lapse leaves you unprotected and can, in some cases, cause loss of premiums paid, experts tell Sanjay Kumar Singh.
Each financial product is governed by a different regulator and the rules for gifting vary, points out Tinesh Bhasin.
As opposed to term insurance that keeps you covered for a specific time period, opting for a whole life term plan means that you are covered for your entire life, says Santosh Agarwal.
The alleged fraud includes the use of fake bills.
If it is about saving tax and you don't have a policy already, there is a case for buying.
Keep these in mind to gain maximum benefit from your life insurance policies that you may already have or are planning to buy
How high or low will be your policy premium depends upon these.
The premium on insurance policies will get costlier by 3 per cent to 7 per cent, depending upon the rate fixed by the GST Council from April 1, 2017, says Harjot Singh Narula.
Corporate India handed over an average increment of 8 per cent in 2021, and early estimates reveal that average increment for 2022 is expected to increase to 8.6 per cent in line with a healing economy and improving confidence, according to a Deloitte survey. As per the second phase of Deloitte's Workforce and Increment Trends survey 2021, 92 per cent companies gave an increment in 2021 at an average of 8 per cent, compared with only 4.4 per cent in 2020, where just 60 per cent companies had extended a pay hike. For 2022, average increment is expected to increase to 8.6 per cent, at par with the pre-pandemic levels of 2019, the survey said, adding that about 25 per cent companies surveyed have projected a double-digit increment for 2022.
The Saral Jeevan Bima product to be offered by all life insurance companies will be a non-linked non-participating individual pure-risk premium life insurance plan.
The incident had acquired political overtones with the Bharatiya Janata Party and West Bengal governor Jagdeep Dhankhar hitting out at the Mamata Banerjee government over the killings, and the RSS claiming the teacher was its supporter.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The budget is a responsible and pragmatic one with announcement of several initiatives that should spur growth, says Sanjay Tripathy.
You are charged the same premium and also enjoy continuity benefits
Be mindful that each instrument is governed by a different set of gifting rules and is also taxed differently.
10 salient points that are often a source of trouble for those who buy insurance.
It's an undeniable fact that after enactment of GST, buying insurance will become a little expensive impacting your term plans, health plans and motor insurance plans the most. But you should not ignore the importance of insuring your life, health, vehicle, says Harjot Singh Narula
Plans with loan clause denied approval; regulatory ban coming.
The Irda is of the view that any insurance product must carry some form of assurance.
Paying the insurance premium annually under this strategy will provide Rs 1 lakh extra by the time your policy matures.
Paying the insurance premium annually under this strategy will provide Rs 1 lakh extra by the time your policy matures.
'Khaali Peeli has the wits of a kindergarten school play,' sighs Sukanya Verma.
The new regulations will allow the insurers to charge an extra premium from policyholders who wish to buy riders with unit-linked insurance plans.
Term life insurance policies are also called 'pure-risk policies' and 'pure life policies'; they have no savings or investment element in them; the premium includes only the cost of buying the life cover. Here are 6 term insurance policies compared on 5 parameters for you to choose from.
V Viswanand, director and head, Products and Persistency Management, Max Life Insurance, will answer your queries in an online chat September 3, between 2 pm and 3 pm.
It is the actual cost of insurance by the life insurance company. It is usually deducted with other charges in the policy, before investing your money.
Life insurance offers dual benefits: financial security to your family in case of the policyholder's death as well as helps you save tax, says Alok Patnia.
More than nine million policies with a combined risk cover of over Rs 1,00,000 crore lapsed in 2008-09, reveals the Insurance Regulatory and Development Authority (Irda).
A few tips on how to be prepared for the uncertainties that may come our way.
Whenever you buy a life insurance policy the company offering it will levy a charge for the insurance protection upon death and to cover certain other expenses. In a nutshell this is the actual cost of insurance.
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