Remember when you picked up a life insurance policy at your bank from the very conveniently placed insurance desk inside the bank premises? Well, that may be soon a thing of the past. If the Insurance Regulatory and Development Authority of India (IRDA) has its way, that is. The IRDA has recently asked banks to… Read More »
Mobile phones are proving to be the Swiss army knife of gadgets. First came banking services. Followed by mobile payments. Now, you get free life insurance. Telenor is one of the first cellular service providers to launch a free insurance scheme for its new and existing customers. Although the cover is meagre, still, it is a… Read More »
So you’ve planned ahead and bought a life insurance policy. And why wouldn’t you? Firstly, it can support your family financially in case something untoward happens to you suddenly. Secondly, it eases your loved ones’ financial burden in times of loss. Thirdly, it is a good personal finance risk management tool. But, do you know… Read More »
Take 4 minutes to read this article. If you do, you’ve just escaped becoming an accidental death statistic!
Here’s what’s trending in India right now. No, it’s not Aamir, SRK or Sallu – the holy trifecta of Bollywood. It’s H1N1, dengue and cancer. H1N1 is making a comeback in Maharashtra like never before, where there’ve already been 667 deaths this year. To put this in perspective, the last major outbreak was in… Read More »
Which smartphone to buy seems to be an everyday question of various Facebook groups. We are spoilt for choice in this day and age. This or that is a constant question. When it comes to investments, we seem to have a lot of choices as well. One question that often perplexes many insurance takers… Read More »
Jayant Dhiman was a finance-savvy person. He worked hard, saved money, invested in the right products and bought insurance as a safety net for his family. One day, while playing golf, he suddenly collapsed. When rushed to the hospital, his family members realized that he had just suffered a stroke. The family was under… Read More »
The next time you set out to buy insurance and find your eyes glossing over reading the policy wordings and lengthy contract clauses, remind yourself of what happened to Sumit Diwedi. Sumit Diwedi (44) now regrets the day when he believed the insurance advisor who told him that all diseases will be covered under his… Read More »
Ever sat in front of a slot machine in Las Vegas and had the fancy thingamajig spew out your future winnings by just willing it to? Well, you have something that comes close in the world of insurance. And, it’s called ‘Loan against Insurance’. In these days of three-in-one and four-in-one plans, financial products too… Read More »
A life insurance policy assumes great importance as it offers risk cover on the life of the individual being covered in the policy. It may be the only source of income to the beneficiary on the death of the policyholder. For this reason, settlement of claims in a life insurance policy becomes critical. There are… Read More »