What you should know about Car Insurance?
Introduction If you are planning to buy a Car, it is worth paying attention on carious clauses on insuring your own vehicle. There are various factors like Insured’s Declared Value(IDV) and No Claim Bonus (NCB) will add or reduce the cost of your insurance. It is advisable to know the facts before you buy an [...]
New Avatar of ULIP Policies – Part II
Introduction Couple of weeks ago I have written about what are the reform on ULIP policies?. There are plenty of changes in the ULIP type of policies and the salient change is the reduction on various charges. In my previous article I have not indicated the exact amount of charges applied for the each category [...]
New Avatar of ULIP Policies
Introduction Why ULIP’s are not good choice?. This is the article written by me couple of months back. At the time of writing the article, ULIP is one of the most controversy product in the financial world. It is because of its high management charges and commission to the agents. The situation has changed after [...]
IRDA wins over SEBI on ULIP policy verdict
Couple of weeks back I have written about the power struggle between the insurance regulator IRDA and stock market regulator SEBI. Firstly, SEBI has banned 14 insurance companies to stop selling the ULIP polices and it requests them to register with SEBI to issue the fresh ULIP policies. It made fierce battle between IRDA and [...]
Travel Insurnace in India
Introduction In my previous article I have explained about how to insure your house and household things from the loss. In the same article I have indicated that these kind of insurances are not popular among the people in India. Another insurance which has less known among the people is the Travel Insurance. There is [...]
What is Householder Package Policy (HPP)?
Introduction We are aware of the life insurance, health insurance, motor insurance, etc. These are the very common type of insurance taken by every one of us. Motor insurance is compulsory in our country while other insurances like life and health are optional for the policy holders. There are many other insurances available in the [...]
Which health insurance policy suite your needs?
Introduction Do you have confusion on choosing the right health insurance policy?. Many of us have the same complaint, because the lack of awareness on insurance policies in India. There are numerous factors to be considered before choosing an health insurance policy. First step would be to learn about the different types of medical insurance [...]
Disclose Insurance Agents Commission:IRDA
Insurance Regulator Authority of India(IRDA) has sent notification to all the insurance companies for disclosing the commission paid to agents on each policy. This rule comes into effect from 1st July, 2010. There are open debates about the commission paid to the insurance agents. IRDA standing in favor of paying high commission to the agents, [...]
SEBI Bans 14 Insurance Companies to sell ULIPs
It is a war between two major controlling boards IRDA and SEBI. This war has become apparent when insurance companies selling Unit Linked Insurance Plans(ULIP) that is similar to the mutual funds but come with insurance cover. There is big controversy about the nature of ULIPs because of the high cost structure and miselling by [...]
Importance of Health Insurance
Introduction In this article I will be writing about the key points related to choosing the right health insurance policies. It is one of the important financial planning for you and your family. In the recent survey, it shows that India has the highest number of diabetes patients in the world. It is very shocking [...]
