Plan Your Investment

If your family depends on your income, you have to seriously consider buying a suitable term insurance plans. In the past decade, we are more familiar with only one life insurance company that is Life Insurance Corporation of India (LIC). Even today most people trust LIC compare to taking the policy with the private companies. [...]

Have you every think about the insurance policy which you have purchased from your insurance agent is whether suits your needs?. In India, most of the households has at least one insurance which is not meeting their needs. They have purchased only because of tax planning or agent’s misselling the policy. It is not worth [...]

As we know that term insurance (What is term insurance?) is pure form of insurance and it comes with the maximum cover for your life. But, it doesn’t offer any attached riders while taking the policy. In our previous article we have understood what is life insurance riders?. The riders provide the additional benefits to [...]

The main purpose of taking the insurance policy is to protect our loved ones if some thing happens to you. In this case, assigning a nominee will serve the purpose of reaching the benefit to the appropriate person. If you are not giving the proper or incomplete details about your nominees, it is difficult for [...]

Earning member of the family must have the life insurance policy to protect his family. But, the worrying factor is they are not spending enough time to understand the need of insurance and whether they are wasting money in the name of insurance. There are number of ways to save money while paying the premium [...]

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 [...]

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 [...]

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 the [...]

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. Please [...]

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 Insurance Regulatory & Development Authority (IRDA) is not much interested in the proposal. In this [...]