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 [...]
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 [...]
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 [...]
Komal Jeevan – Child Insurance Policy
Introduction In this article I will be writing about the one of the popular child insurance policy from the LIC. It is Komal Jeevan. It has many advantages compare to other insurance policies, this article presents the few facts related to the polciy. If you have any doubts please post it in the comments section. [...]
Child Insurance Policy
Introduction It is important to know about the child insurance policies. If you are parent for one or more children, you must seriously consider taking policy for them. This will help you to spend money for their education, marriage, etc. There are numerous policies available for the children. You should e very careful while selecting [...]
List of Life Insurers in India
The following are the list of Life Insurance Companies in India. The list is published by IRDA. Bajaj Allianz Life Insurance Company Limited Birla Sun Life Insurance Co. Ltd HDFC Standard Life Insurance Co. Ltd ICICI Prudential Life Insurance Co. Ltd. ING Vysya Life Insurance Company Ltd. Life Insurance Corporation of India Max New York [...]
Will Insurance Agents deserve those commissions?
Introduction This blog post explains about the new proposal sent to the Insurance Regulator to cut down the existing commissions paid to insurance agents and increase the sum assured for the policy holders. It is just a proposal and it looks nsurance Regulatory & Development Authority (IRDA) is not much interested in the proposal. In this [...]
Life Insurance FAQs – Part 1
Introduction This blog post answers few questions related to Life Insurance policies. Frequently I am getting questions from our readers in various topics. I have decided to compile all the questions and post in the each topic regularly. Here I am starting with LIC policies. Hope this will clear your doubts. If you have any [...]
IRDA plans to allow banks to tie up with 2-3 insurance cos
Banks can tie up with utmost one insurance company as the agency. For example IOB has the LIC as the Insurance partner. Insurance sector regulator IRDA is considering whether to allow banks to tie-up with two-to-three insurance firms to sell their insurance. The regulator is currently reviewing the existing Banacassurance model and has set-up a seven-member committee [...]
What is Double Accident Benefit Insurance?
Introduction This article explains about the double accident benefit for Life Insurance policies. It is one kind of policy to get the more assured amount in case of death by accident. This articles explains briefly about this scheme and what will be the premium payable for this policy. If you have any doubts please post [...]
