You may buy the LIC policy with the great hope that your agent will service you throughout the policy period. However, what if your agent left the industry or not providing you the proper service? How to change LIC Agent?During a time of buying the policy, all insurance agents claim big … [Read more...]
Archives for August 2015
LIC’s Bonus rates for 2015-16 and Comparison
LIC’s bonus rates for 2015-16 declared recently (August, 2015). LIC's announced the bonus rates for all it's traditional plans for the year 2015-16. This is usually announced by it's actuarial department based on the valuations.You note that your LIC policy return mainly depends on LIC bonus … [Read more...]
What if your Insurance Company goes bankrupt?
Whenever we try to buy an insurance product from a private insurer, then all of us have a huge concern like "What if my insurance company goes bankrupt in India?". Because since long we believe in LIC and not in private insurers. Let us see this what IF. There is a huge crowd of LIC … [Read more...]
Vidya Lakshmi portal-Single window for educational loan and scholarship
Today Finance Minster launched the Vidya Lakshmi portal (www.vidyalakshmi.co.in). This is the single window for students to apply for educational loans or scholarship. When students look for an educational loan, then they find it hard to get it by visiting individual banks. This portal is one window … [Read more...]
LIC’s New Endowment Plus (Table No.835)-Features, Benefits and Review
On 9th August, 2015 LIC is going to launch the new ULIP Plan. This is called as New Endowment Plus (Table No.835). After the IRDA regulations, LIC closed all its existing ULIP Plan (including the Endowment Plus Plan). Now, after a long wait, it is launching ULIP.As I said above, this is the … [Read more...]
15 Rules of availing Loan against PPF (Public Provident Fund)
Earlier I had already written a post about PPF Loan and withdrawal. However, in this post I will explain you about the rules and eligibility of availing loan against PPF (Public Provident Fund).Before proceeding further, first understand from when you are eligible to withdraw the loan. … [Read more...]
10 ways to get your Income Tax Refund quickly
It is tax filing time for all individuals. Once you file the tax then the next step is to look for getting Income Tax Refund at the earliest. Hence, in this post I will try to explain 10 ways to get your Income Tax Refund quickly.1) Filing of IT Returns Mandatory-If you are looking for … [Read more...]
What is Third Party Insurance (TPI)?
Let us say you are driving the vehicle, met with an accident, and caused the heavy damage to an opposite vehicle or a person then you are only responsible for the cost involved. However, how to cover these expenses by an insurance? There is something called Third Party Insurance or TPI. What is … [Read more...]