Return of Premium in Term Insurance – is it beneficial to you?
Most of you know to protect your dependents in your absence, you need to take term insurance. But recently Exide Life Insurance started a return of premium term insurance. You know that a Normal Term Life Insurance Policy will not give you back any premiums at the time of maturity. But this exide term policy is offering to repay full premiums paid. Their offer may look amazing to some of you. Let’s try to understand in this article, taking this insurance policy which gives premiums back at the time of maturity. Read this article why you should not take …
Term Insurance Plans ( 2020) of Lic Of India Features and Benefits
When we are thinking about taking a Term Insurance, we will first look at Lic Of India. Lic has new plans, 1) Tech Term Insurance ( online only) 2 Jeevan Amar Term Insurance ( Both online and offline). In this article, I will explain about term life insurance plans available in LIC. 1) Lic Of India -Tech Term Insurance Plan Features and Benefits… This plan Number is 854. In addition, this is a non-linked without profit pure protection online term insurance policy. Moreover, this policy will be issued with an online application process only. And there will be no Agent …
Term Life Insurance Premium – Why it is not good to pay till 85 years?
Term Life Insurance Premium nowadays most people are thinking to pay till 85 years of age. I really appreciate the persons who are taking this insurance instead of traditional Endowment or Money back policies. Read this article, Why you should not buy the Unit Linked Insurance Plan for tax-free maturity purpose?… Most Investment Advisers like me advise our clients to take the term insurance till age 55 or 60. In addition, We sometimes recommend once you accumulate your targetted corpus stop paying term life insurance. So, sometimes no need for premiums till 55 years also. Now, Let’s understand with calculations …
Health Insurance Claim- Do You know can’t be rejected after 8 years?
Health Insurance Claim can not be rejected after 8 years. Yes, What you read above is right. As per IRDAI guidelines, Health Insurance Companies can not reject claims after years. If it becomes a law, then it will be a big advantage for many of us. Read the article about Arogya Sanjeevani Policy. Click this link to read. Also, read this article about health insurance. Many people are not buying insurance policy health or life, thinking that there is no guarantee that the insurance will pay the claim, when it is needed. In addition, In spite of the client has …
Arogya Sanjeevani Policy – What are its Features and Benefits?
Arogya Sanjeevani Standard Health Insurance Policy is announced by IRDAI. You may be getting a headache in understanding the features and benefits of the health insurance products available in the market. then, This Standard health insurance policy will be a solution for you. In addition, this product is labeled as “Arogya Sanjeevani Policy <Name of the Insurer>. For example, If Star Health is offering this Policy, then it called an Arogya Sanjeevani Policy Star Health. This product is not company-specific. In addition, this policy features and benefits are universal and standardized. As a result of this, you can easily understand …
Life Insurance Agents are making better profit than you How?
Life Insurance agents used to sell for most of us insurance policies to get profit for their livelihood. But Agents will try to push some policies to us. Endowment Type of policies also heavily pushed by Agents for us to Buy. Here, in this article, I am trying to tell you How much profit You will get and at the same time How much your agent is getting? But Many policyholders are arguing with me that their agents had given them back the commission that they are getting. Hence they are dreaming that they are smart and made a huge …
Bankrupt-What if Your Insurance Company gets bankrupted?
Bankrupt is the main worry for many of us when we are going to take any kind of insurance company policy. We believe that Lic of India will never get bankrupt In addition we believe that Private Life Insurance companies are not safe. As a result of this we take life insurance policies from Lic Of India Only. Let’s discuss what is the truth?… Here, The huge crowd of Lic agents always spreading the message that Lic of India can never go bankrupt(get closed). In addition, these LIC agent say that Lic of India is backed up by Government India. …
Navjeevan Plan No.853 of Lic-Features and Review
LIC of India launched a new Non-Linked with profit Plan i.e Navjeevan Plan No.853 on 18th March 2019. Let us discuss it’s features and review. Why LIC of India launch new Plans in Jan to March Months every year?… If you see the history, LIC always launches new policies every year in January to march. Here, The reason is simple Employees or Tax Payers usually plan their tax-saving investments from January to March months. So, in order to attract these taxpayers, LIC of India launches new plans every year in Jan to March months. Navjeevan Plan No.853 Features and Eligibility… …
