Life Insurance Premium u/s 80C
Introduction In this article I will be writing about the tax exemption for insurance premium. It is obvious that insurance premium is in everyone’s portfolio for the tax savings. Don’t buy the insurance only for the tax savings purpose. Also learn about the other facts related to tax savings on insurance premium. If you have [...]
Requirements for Hospital in Processing the Medical Insurance Claims
Introduction In my previous article I have written about the tax exemption for medical insurance and medical claims. Also there is one important factor determines whether the hospital is eligible for claiming the expense. There is certain rules which needs to be met by the hospitals. Subscribe to our future articles here. Check List There [...]
Tax Exemption for Medical Insurance u/s 80D
Introduction In my previous articles I have written about the medical insurance and the tax exemption for paying the insurance premium. In this article I just want to present the table format which explains the amount of eligibility for the tax exemption. Many people not clear how much one can claim under the medical insurance [...]
Query on LIC Policy
In this post I am answering one of the query I received through Ask Your Questions. Question:- I have been holding a LIC policy since 2001. I will be migrating to USA from the next year. Can I continue the LIC policy in abroad? Answer:- Yes. You can continue the policy when you are outside [...]
Tax proofs submission for the Financial Year 2009-10
Introduction If you are salaried employee, you would have received mail from your employer to submit the tax proofs which you have declared at the beginning of the financial year. Here I will write down few important points to submit the proofs without any last minute rush. Subscribe to our articles here. 1. Don’t wait [...]
How to revive lapsed LIC policy?
Introduction This article explains how to revive the lapsed insurance policy in case of failed in paying the premium. It is one of the most common problem for the policy holder, they may miss the due date for several reasons and tend to revive the policy later. It involves certain procedures and penalty for reviving [...]
Insurance Agent Commission may continue
In my previous article I have written about the proposal on removing the insurance agent commission by D Swarup, the chairman of the Pension Funds Regulatory & Development Authority (PFRDA). Also I have mentioned that agents are the key to getting the more business for the insurance companies and they are the key driving factor. [...]
Top 5 rules to reduce the Insurance Premium
Introduction This article talks about how to reduce the premium while people are buying the insurance plans. Many people not aware that the same insurance plan would cost you different expenses depends on the preference you have choose. The preference could be mode of payment, number of policies, etc. This article intend to explore few [...]
