CHAPTER 3 – MOTOR INSURANCE
Chapter 3 MOTOR INSURANCE The motor insurance portfolio, falls under the miscellaneous department of insurance companies. It generates a major portion of total non-life business of companies operating in India. … Continue reading →
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What your health insurance policy will not cover
Decoding a health insurance policy document can be tough, given the complex list of terms and conditions. Many tend to give the in-depth study of the clauses a miss, only … Continue reading →
10 Year Term Life Insurance Policy
Features and Benefits of 10 year term life insurance Policy Some of the features and benefits of 10 year term life insurance policies are mentioned below. Long coverage An individual enrolled … Continue reading →
5 Year Term Life Insurance Policy in India
Some of the salient features and benefits of a 5 year term life insurance policy are mentioned below. Death benefit In the event of unfortunate demise of policyholder during this term … Continue reading →
Life Insurance news- Union Budget: Government proposes increase in the TDS on life insurance policies
Union Budget: Government proposes increase in the TDS on life insurance policies Currently, under Section 194DA of the Income Tax Act, 1961, life insurance policyholders or nominees have to pay … Continue reading →
Life Insurance news- IRDAI simplifies regulations for unit-linked and non-linked products
Unit-linked and non-linked insurance products have got their regulations simplified by the Insurance Regulatory Development Authority of India (IRDAI). The revival period on unit-linked products has been increased to three … Continue reading →
Life Insurance FAQ’s
What is the average life insurance cost per month?The cost of a life insurance policy depends on the type of policy you own. Term plans are generally cheaper in nature … Continue reading →
Understanding Important Terminologies of Life Insurance
Insurer and Insured: The insurance company that sells a life insurance policy to an individual is called the insurer while the individual who purchases said policy is the insured. Grace Period: When … Continue reading →
Dos and Don’ts of Life Insurance
Do your research: Given the number of options at your disposal when it comes to selecting the right insurance provider and then choosing the policy that best suits your requirements from … Continue reading →
Life Insurance Premium Calculation
When life insurance companies calculate the premium for each individual, there are certain factors that are taken into consideration. Since life insurance is a form of investment, even low premiums … Continue reading →
How To Evaluate Your Insurance Requirements
The most important thing to do before taking out a life insurance policy is to evaluate and understand your insurance requirements. Following are the points you will have to consider … Continue reading →
Life cycle of a Life Insurance Policy
Life, as we know it, is essentially divided into four stages. In a similar fashion, a life insurance policy will also have its phases and each phase will have its … Continue reading →
Principles of Life Insurance
Life insurance involves the payment of an amount of funds when the insured individual dies or once a certain period is completed. It also helps in minimising the risk by … Continue reading →
History of Life Insurance
The concept of life insurance was established in India in the year 1818 by the British colonial rule. Since then, it has become a financial instrument that is crucial for … Continue reading →
Life Insurance for Senior Citizen in India
In India, the general tendency is to not purchase an insurance policy unless one really needs it. This is a highly risky behavior as medical emergencies and unfortunate events are … Continue reading →
Life Insurance for NRIs
With the insurance sector maturing vastly over the last few years, people are becoming more and more aware about the importance and absolute vitality of insurance policies (both health and … Continue reading →
Beneficiaries Claiming Life Insurance – Process
Documents Required for Buying a Life Insurance Policy: Following are the documents you will require to purchase a life insurance policy: Passport-sized photographs Age Proof (Driving License / PAN Card … Continue reading →
Life Insurance for women in India
Women are becoming more and more empowered in all aspects in India. These days they are not only contributing to household chores but are also working shoulder to shoulder alongside … Continue reading →
Term Insurance Plans for Couples – joint life- spouse plan
Term Insurance Plans for Couples There are various term insurance plans that are being offered in the market, specifically for couples. These plans are extremely reasonably priced and also have … Continue reading →
How to Choose a Term Insurance Plan
How to Choose a Term Insurance Plan: The market is flooded with term insurance policy options, with varying policy terms, benefits and sum assured amounts. Navigating this maze of policies … Continue reading →
Key Features of Term Plans With Maturity Benefit or term return of premium plans
Key Features of Term Plans With Maturity Benefit The term life insurance plans with maturity benefits or term return of premium plans come with a lot of attractive features. Listed … Continue reading →
Exclusions for Term Insurance Plans
Exclusions for Term Insurance Plans: Term insurance plans cover a list of specific events and circumstances. Depending on the type of plan selected, this could be an exhaustive list. However, … Continue reading →
Comparison of Different Types of Life Insurance Plans:
Comparison of Different Types of Life Insurance Plans: Life insurance has evolved from a luxury to a necessity, with it becoming an integral component for the smooth functioning of our … Continue reading →
Benefits of a Life Insurance Policy
Benefits of a Life Insurance Policy: Life Insurance policies offer several different benefits to individuals. Following are the most important: Risk Cover: Since uncertainties are unpredictable and may cause problems to … Continue reading →
How to Calculate Life Cover Required for a Term Plan
Follow the steps mentioned below to calculate the amount of life cover that you will receive from the life insurance plan that you choose to avail. Knowing the life cover … Continue reading →
voluntary employee benefits
In India, more voluntary programmes are being built into group insurance schemes, leading to employees exercising the option to take on additional cover as per their requirements. In this survey … Continue reading →
Term Insurance Without Medical Check Up in India
Term Insurance Term insurance plans ensure that your family receives adequate financial support to maintain a stable lifestyle even if you are not there. Term life insurance refers to the … Continue reading →
Paid Up Policy ??
Definition of ‘Paid Up Policy’ Definition: Life insurance policies usually last the insured’s lifetime, but some policies can be paid up completely till a specified age. A life insurance policy in … Continue reading →
What is a paid-up insurance policy?
What is a paid-up insurance policy? A policy can be converted to a paid-up policy once it acquires a surrender value which is typically after 2-3 annual premiums (traditional) or … Continue reading →
Indian automobile industry under intense pressure, major companies witness sales decline in July 2019
Overall economic slowdown coupled with delayed monsoon and higher monsoon deficit in few regions have impacted rural demand. Moreover, liquidity issue to some extent and inventory correction for better business … Continue reading →
HOW TO GET COMPENSATION IF YOUR FLIGHT IS CANCELLED OR DELAYED
In case you’re wondering, there are certain rights all air passengers are entitled to while traveling. This article would educate our fellow passengers about these rights to claim if need … Continue reading →
Insurance Tie-Ups for Hyundai Car
Hyundai car owners should know about the Hyundai car insurance tie-ups, so that they can choose from a number of General Motor Insurance companies such as – HDFC ERGO (L&T … Continue reading →
News About Car Insurance-Data shows women make fewer motor claims
Car Insurance News Wondering what’s happening in the Indian car insurance space? Worry not, we’ve got the latest updates for you, all in one place! APRIL 2019- According to a … Continue reading →
IRDAI to increase premium for third-party insurance; car prices to go up-News About Car Insurance
Car Insurance News Wondering what’s happening in the Indian car insurance space? Worry not, we’ve got the latest updates for you, all in one place! June 2019- The Insurance Regulatory … Continue reading →
Internet enabled cars to prop up sales in future-News About Car Insurance
Car Insurance News Wondering what’s happening in the Indian car insurance space? Worry not, we’ve got the latest updates for you, all in one place! May 2019- Internet enabled cars … Continue reading →
Insurance regulator proposes hike in third-party motor insurance-News About Car Insurance
Car Insurance News Wondering what’s happening in the Indian car insurance space? Worry not, we’ve got the latest updates for you, all in one place! May 2019 Last week, the … Continue reading →
A first, Kotak Mahindra General Insurance offers cheaper car insurance premiums for women drivers-News About Car Insurance
Car Insurance News Wondering what’s happening in the Indian car insurance space? Worry not, we’ve got the latest updates for you, all in one place! April 2019- In what would … Continue reading →
Companies Selling Maruti Car Insurance
Maruti Suzuki India has various tie -ups with insurance companies operating in India to secure their cars United India New India Furue Generali Bharti AXA Acko Royal Sundaram Reliance General … Continue reading →