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.
Global research firm Citi has initiated a sell on HDFC Life Insurance and has a neutral rating on ICICI Prudential Life Insurance Company while SBI Life Insurance is the top pick for the research firm. It believes that larger private players are likely to gain market share.
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.
No matter how good you are with your investment management, your plan to financial freedom will be incomplete if there is no insurance in place.
ULIP is a combination of investment and insurance.
SIPing before TIPing – why is this one of the biggest mistakes an investor can make.
If you are looking at a pure protection product to safeguard your financial responsibilities in your absence, you should buy term insurance plans.
What is our greatest asset? Not our house, new car or investments - our ability to earn an income is the greatest asset.
A term insurance plan provides you monetary protection in case of premature death within the insurance term.
Insurance companies, both life and general, could soon have a holistic database that can be used to track fraudsters and reduce the turnaround time in policy issuance and claims.
Always keep the policy document in a prominent place and tell your family about the policy.
If the insurer fails to resolve the grievance within the stipulated time, a policyholder can approach the Insurance Regulatory and Development Authority of India (IRDAI) within a year.
Specialized health insurance plans for Heart & Cancer illnesses are the future. Specialized health insurance now @ Rs. 100 p.m.
While RERA occupied the mind space for most of the week, the markets too have been volatile enough to attract attention of investors.
"There are layers of process (in resolution). What the ordinance is doing is that it is cutting that layer off then having to go back to the board. It is forcing a decision mechanism because it is saying that if 60 per cent agree, rest have to fall in line," she told reporters here.
Term insurance cover is affordable, convenient and easy way to ensure that your family’s finances are taken care of long after you are gone.
In indemnity based insurance plans, an individual can visit their choice of healthcare provider to avail treatment. The insurer pays a fixed sum as a lump sum amount for this, which is also referred to as reimbursement.