“How well does your seller understand your life insurance needs? “

“How well does your seller understand your life insurance needs?

For most of us, something as simple as our laptop is an essential device that we thrive on for work, play and use for an array of day-to-day tasks. While some of us are confident buying it off the web or from a shop, most of us look for field experts who could help give professional advice on the device’s memory and speed, fast processing power, hardware and so on.

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The Insurance Regulatory and Development Authority of India (IRDAI), in its latest guidelines

The Insurance Regulatory and Development Authority of India (IRDAI), in its latest guidelines

IRDAI regulations make insurance policies more rewarding on surrender, flexible to operate The Insurance Regulatory and Development Authority of India (IRDAI), in its latest guidelines, has taken several customer-centric measures that will immensely benefit the policyholder of life insurance companies.

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Mutual Funds With Free Insurance: Should You Opt Them?

Mutual Funds With Free Insurance: Should You Opt Them?

While mutual funds due to their power of compounding are now a must-have in one’s kitty to achieve long term goals, a new lure has been added to it by providing free insurance. But should you be going for such a product mix. Here we will discuss on it. First let us detail on what is this investment product all about and how it works:

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IRDA allows insurance companies to sign inter-creditor pact

IRDA allows insurance companies to sign inter-creditor pact

The Insurance Regulatory and Development Agency (IRDA) has written a letter to the Indian Banks Association (IBA), saying it has permitted insurance companies to sign inter-creditor agreement (ICA) pact along with banks for the resolution of stressed assets.

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Why critical illness insurance is key

Why critical illness insurance is key

Mumbai-based Prateek was struggling with the emotional and financial challenges of his father’s angioplasty treatment when he got another blow. He was himself diagnosed with kidney cancer. The combined bill for treating both was around Rs 10lakh. Unfortunately, the costs for therapies and surgeries in the same fiscal year exhausted the annual limit of Rs 5 lakh of his health cover. He had no choice but to rely on his savings for other expenses.

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Car insurance claim: Top tips to claim damage beyond vehicle repair

Car insurance claim: Top tips to claim damage beyond vehicle repair

A car insurance claim has some norms that ensure claim damage beyond repair. These norms include time information to the insurance company, proper documentation which the insurance company and its surveyor needs to support your claim and cooperate with the insurance company. In case of severe damage or burn or fire, the damage may go beyond repair and hence these norms may help you get maximum claim possible under the insurance policy.

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Budget 2019 tweaks taxes on insurance maturity proceeds

Budget 2019 tweaks taxes on insurance maturity proceeds

Life insurance is a popular product amongst Indians. But a lot of taxpayers do not understand how receipts after the maturity of a life insurance policy are taxed. TDS (tax deducted at source) also comes into play in cases where receipts are Rs 1 lakh or more. TDS of 1 per cent is deducted by the insurance company before a payment is made. In the 2019 Budget, the government has made some changes to the TDS rate on proceeds from a life insurance policy and to the amount on which TDS is deducted. These aspects need to be understood in detail

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How well does your seller understand your life insurance needs?

How well does your seller understand your life insurance needs?

For most of us, something as simple as our laptop is an essential device that we thrive on for work, play and use for an array of day-to-day tasks. While some of us are confident buying it off the web or from a shop, most of us look for field experts who could help give professional advice on the device’s memory and speed, fast processing power, hardware and so on.

Read More