Viral Infection is Not a Material Fact in Life Insurance and here is another case of how an insurance claim was settled so late in the day. It so happened that in 1992 and 1994, husband of a certain Mrs Surekha Mankar took two life insurance policies from LIC. In 1995, the husband had aRead More
Insurance
Why Not to Buy Life Insurance !
“To save tax.” These three words sum up the reasons why Rajiv Kashyap pays a premium of Rs 1 lakh for the seven life insurance policies he has picked up in the past nine years. They are all random picks across the many types of life insurance policies : two money-back plans, two endowment policiesRead More
How to Revive a Lapsed ULIP Within 2 Years
The insurance regulator of India, IRDA (Insurance Regulatory and Development Authority) has introduced another new rule for Unit Linked Insurance Plans (ULIPs). After the overhaul of ULIPs in September 2010 which made ULIPs more investor friendly, here is another one to take it to the next level. The new rule will now enable policy holdersRead More
How to Choose a Good Life Insurance Agent ?
Finding a good life insurance agent is like buying onions and potatoes these days – they cause a hole in your pocket and more often than not, they are not upto the mark. If you want to get your dish right, you need to select your veggies carefully – similarly, if you want to getRead More
Will Life Insurance Company Pay Death Claim?
I was prompted to key this on reading the news that HDFC Standard Life was fined by the insurance regulator IRDA for denying death claim in life insurance settlements. The news is an eye opener in the sense that it shatters your belief that your insurer will dole the payout to your family when youRead More
Health Insurance Portability
Here is another milestone in the general insurance industry in India. Health insurance portability which was to become applicable earlier in the year is now a reality ! So why are we excited ? Well, it gives you another opportunity to make your financial planning more better by being with the insurer who you thinkRead More