Insurance-Tips

Life Insurance Corporation (LIC) of India, which offers various insurance plans like endowment plans, money back plans, term insurance plans, also offers pension plans. LIC Pradhan Mantri Vaya Vandana Yojana is one such pension plan being offered by the country's largest life insurance company. The government has modified rate of pension for Pradhan Mantri Vaya Vandana Yojana and extended...

The Insurance Regulatory and Development Authority of India (IRDAI) has come out with a clarification that insurers were permitted to change the base premium up to +/- 5 per cent of originally approved premium rates, in order to comply with the guidelines on standardization of exclusions as a one time measure for seamless transition of existing products to ensure viability...

The beneficiaries of the Atal Beemit Vyakti Kalyan Yojana can heave a sigh of relief as the Employee State Insurance Corporation (ESIC) has announced that submitting the claim on an Affidavit form is no longer required under the scheme. The Ministry of Labour and Employment said in a statement that the ESIC has extended the scheme of Atal Beemit...

The number of insurance claims related to treatment for COVID-19 rose to 40 per cent of the total health insurance claims in September, according to an analysis. Based on its analysis of industry data, insurance aggregator Policybazaar.com said "most people filing the claim for COVID-19 treatment are senior citizens of age group 60 years and more, followed by people in...

Equity mutual funds witnessed an outflow of ₹ 734 crore in September, making it the third consecutive monthly withdrawal, mainly due to pull-out from multi-cap space. Besides, investors pulled out over ₹ 51,900 crore from debt mutual funds (MFs) last month compared to ₹ 3,907 crore in August, data from the Association of Mutual Funds in India showed on Thursday. Overall,...

Life Insurance Corporation (LIC)'s New Jeevan Anand plan comes with a dual benefit of protection and savings. The plan pays the surviving policyholder a lumpsum amount at the end of its term, or pays the nominee in case of death of the policyholder, according to LIVE's website - www.licindia.in. LIC is the country's largest life insurance company with provides...

image courtesy : freepik.com Each business has to go through transformations as the years pass by. Due to the advancement in the technology and Internet of Things, adapting to these changes is the only way a business can thrive in today’s world. The same applies to the insurance industry. Since the largest working population in India are millennials,...

InstantPay, one of India’s largest inclusive and neo Banking platform, has entered into a strategic partnership with Kotak Mahindra Life Insurance Company Limited to reach out to the billion uninsured and underbanked population of India, including the urban migrant. This alliance will not only bring insurance to the first time consumers but will also digitally empower the semi-urban...

Image Source-Pixabay Today, Americans are making a conscious decision to work for themselves. The former American dream of climbing the corporate ladder is something that is starting to go the way of the dinosaur with flexibility now outweighing job stability. One consideration for self employed people is health insurance. While an option is group health insurance for self-employed,...

Most people have a really hard time understanding motor insurance terms and conditions. Most of it is written in highly legal jargon with the use of abbreviations that you just can’t figure out.   To add to that, there are so many policy papers that you have to get through, it can all be a bit...