A few days back Moneylife Foundation approached the Supreme Court with regard to LIC Jeevan Saral Plan seeking a refund of premiums to the policyholders. Who is to blame for this? LIC, Agents or Policyholders?I have written long back about this product "LIC’s Jeevan Saral-Why so much … [Read more...] about LIC Jeevan Saral – Is it really a scam?
Insurance Planning
LIC’s Jeevan Amar (No.855) – Offline Term Life Insurance Review
LIC is introducing its new offline term life insurance LIC’s Jeevan Amar (No.855) from 5th August, 2019. It is claimed that it is going to be one of the best cheapest term life insurance plan designed by LIC. Let us see the benefits and how it is beneficial for all of us.Note:-Along with this … [Read more...] about LIC’s Jeevan Amar (No.855) – Offline Term Life Insurance Review
LIC’s Tech-Term (No.854) – Online Term Life Insurance Review
LIC finally launched its online term life insurance LIC's Tech-Term (No.854). It is going to be one of the best plan designed by LIC as far as I know. Let us see the benefits and how it is beneficial for all of us.LIC's Tech-Term (No.854) is a Non-Linked, Non-Participating Term Life Insurance … [Read more...] about LIC’s Tech-Term (No.854) – Online Term Life Insurance Review
Budget 2019 – TDS on Life Insurance Maturity Amount
We all feel our LIife Insurance Maturity is always tax-free. But many of us unaware that the Government introduced the TDS on Life Insurance Maturity Amount and increased the same during Budget 2019.Hence, let us understand the applicable TDS on Life Insurance Maturity Amount.Before … [Read more...] about Budget 2019 – TDS on Life Insurance Maturity Amount
HDFC Life Sanchay Plus – A GUARANTEED TRAP!!
Recently HDFC Life launched one more Non-Linked Savings Insurance Plan HDFC Life Sanchay Plus. The eye-catching part of this product is GUARANTEED.Long back I wrote a post about one of the HDFC Life's products "HDFC Life Sanchay – Reality check of 8% to 9% Guaranteed Addition". After visiting … [Read more...] about HDFC Life Sanchay Plus – A GUARANTEED TRAP!!
Health Insurance Claims can’t be rejected after 8 Yrs !!
Yes, you are reading it right :) As per the IRDAI's recent proposed standardized guidelines on health policies, your health insurance claims can't be rejected after 8 years. This may be the biggest relief to many.As per the recent (16th May 2019) IRDAIs exposure draft on the "Guidelines on … [Read more...] about Health Insurance Claims can’t be rejected after 8 Yrs !!