LIC’s New-Tech term plan has several qualities due to which it has emerged as a reasonable choice for individuals aspiring for easy and comprehensive life insurance coverage. This non-linked, non-participating pure risk premium online term insurance plan provides holders with several unique benefits that make it a must have for 2025. This plan is available…
Life insurance is a crucial pillar of financial security, offering peace of mind and protection for your loved ones. However, customers often find themselves with policies that don’t align with their actual needs. Sometimes, what customers truly require is not what they’re offered, as the focus shifts toward savings or investments rather than essential protection….
Lack of awareness is still the biggest stumbling block in insurance adoption in India, and around 47.6 per cent of Indians remain unaware of term insurance and its benefits, a new report has shown. Term insurance has grown by 18 per cent in FY24 across the industry as compared to a CAGR of just 2…
In the complex world of asset distribution, the rights of nominees, particularly in life insurance policies, have been a subject of ongoing legal debate. Traditionally, nominees have been regarded as trustees, holding the proceeds of an insurance policy temporarily for the rightful legal heirs. However, a significant shift occurred with the 2015 amendment to the…
The modern insurance industry dates back to a time when merchants gathered in coffee houses (such as Lloyd’s) to collectively insure their vessels against sea-faring risks. Since then, it has expanded into other forms—health, property and life insurance—while remaining true to the fundamental economic principle of risk pooling. Also Read: Getting insured is one thing,…
Life Insurance Corporation has rolled out LIC New Smart Pension Plan. It is a non-participating, non-linked, individual, savings, immediate annuity plan. This is a single premium immediate annuity plan. The official website of the state insurer – last updated on Feb 18 – specifies that the plan offer a wide range of annuity plans, among…
Union Finance Minister Nirmala Sitharaman has asked the insurance companies to increase the free look period to one year, compared to its current level of one month, according to a CNBC-TV18 report on Monday, February 17. According to the report, Nirmala Sitharaman also said that the committee has finished the internal consultation process on the…
Let’s get real—you’re not going to work forever. At some point, the daily grind will become exhausting, and you’ll need more time for health and family. With life expectancy rising, you could easily be living into your 90s, which means 30 years without a paycheque. Now, factor in inflation, which could triple your current expenses….
NEW DELHI : Insurance is the first step towards financial planning. We buy policies to insure ourselves against unfortunate events. However, having insurance does not always guarantee protection. Claim requests are often rejected, citing non-disclosure of pre-existing diseases, lifestyle habits, or having multiple policies. Most of the time, policyholders are caught unawares as it’s an…
HDFC Life remains dedicated to its policyholders, maintaining a consistently high claim settlement ratio. Life insurance represents a lasting commitment, providing financial security for loved ones should the policyholder no longer be present. An essential gauge of a life insurer’s dependability lies in its capacity to swiftly and effectively settle legitimate claims. When selecting a…
