This is the Indian life insurance industry’s first joint mass media campaign aimed at increasing life insurance awareness in the country.
Just purchase a simple term plan and invest the excess difference amount in PPF, equity funds, etc.
There have also been some changes in the minimum sum assured of linked and non-linked products.
Net Interest Income (NII) is expected to increase by 20 percent Y-o-Y (up 38.9 percent Q-o-Q) to Rs. 10,391.1 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 7.2 percent Y-o-Y (up 38.3 percent Q-o-Q) to Rs. 9,541.4 crore, according to Motilal Oswal.
Private players’ unweighted total premium grew 17 percent YoY, much slower compared to the 42 percent YoY growth for Life Insurance Corporation of India (LIC).
In this episode of Managing Money, Abhishek Bondia, Co-founder & principal officer, SecureNow explains the importance and helps choose the perfect cover for yourself.
Of those who own term insurance, 57 percent do not have any awareness of the sum assured they are guaranteed on their policy.
To minimise the risk of financial loss, your insurance cover should offer protection for not only your possessions, income but also, for the loved ones.
If you are buying life insurance for protection, getting a big cover at the given premium is the topmost priority.
Term insurance is the fundamental baseline for any financial plan as it is cost effective and provides a good protection cover.
Customers need to submit only some documents for the claim settlement process for life and health policies
While investing in the share of HDFC Standard Life can offer downside protection, investors will be better off with ICICI Prudential Life as it offers upside potential as well
At 45, if a customer purchases a plan of Rs 50 lakh with a deferment period of 10 years, he can get an annuity rate of 12 percent with an annuity amount of Rs 6 lakh each year
The Union Budget to be presented on February 1 is likely to make tweaks to the insurance schemes under the Jan Suraksha Yojana, namely the personal accident and term insurance. This could include some changes in the product structure and revisions in the pricing.
Your life insurance policy can be your lifeline if you avoid these mistakes…
It is unlikely that they would pass on the hike in taxes by hiking their product prices because the competition is quite severe, said Amitabh Chaudhry, MD & CEO, HDFC Life.
The bank is also in the process of divesting 26 per cent stake in the fully-owned NBFC arm, Fedfina, to a strategic investor to raise capital for the subsidiary.
JM Financial has come out with its sector report on Life Insurance dated November 13, 2017. YTD, industry reported healthy 25% YoY APE growth driven by private insurers at 32% YoY.
Every year your wife’s Karwa Chauth fast forms an imaginary protective cover around you; however, you can make it a reality by opting for a life insurance and renewing it every year.
This reduction was despite the fact that key market indices went up remarkably during the year with the BSE Sensex alone rising to 29,620 on March 31 this year from 25,342 a year ago.
Insurance is the small price one pays for his peace of mind. With right insurance in place, even a â€˜small guy‘ can take risks and achieve financial freedom.