When you think of buying a life insurance, there are two major questions you come across: Which life insurance product you should buy? What amount of life insurance you should buy? A couple of days back, we published a guide on types of life insurance products available in the market presently. Today, we are publishing [...]

The first thing that one does before buying an insurance product is checking out what will it cost him/her. With 40+ insurance companies in the market, there is bound to be a competition on the price front among all of them. So, it becomes quite essential for anyone buying an insurance product to check out [...]

One of the basic premises under which insurance claims are rejected is on account of the cause of damage being not covered, i.e. the risk under which the claim falls is an ‘exclusion’ under the policy. Today, we are publishing a guide on risks covered and exclusions under a Fire Insurance Policy. Loss due to [...]

Health insurance is the second widely purchased insurance product in India after life insurance. No doubt why there was so much of uproar when the PSU health insurance companies nearly withdrew cashless claim settlement facility for a certain point of time.  There are ways in which you can make your health insurance plan work more [...]

When it comes to insurance, there is a popular saying that “Insurance is never bought, it is sold”. In other words, typically, you do not take an initiative to buy an insurance product. An insurance agent approaches you, explains you the product, its features and benefits and if you feel that the product suits your [...]

This guide is specifically meant for the purpose of providing a basic understanding of tax benefits available under all sorts of life insurance plans. We have used a very simpler and lucid language in order to explain you these tax benefits. Premiums paid for Life Insurance – Tax exemption under Section 80C of Income Tax [...]

How about knowing ways of reducing the premium that you have to pay for your life insurance policies. Is it possible? Yes. It is possible. Today, we shall share with you 5 simple tips on reducing your life insurance cost. The premium for a life insurance product is based on several factors – age of [...]

The life insurance market today is flooded with hundreds of products and very often you get confused on which one you should buy. Quite often I get to hear from people that insurance agents/advisors sold them policies which they later realise they do not require at all. One of the primary reasons why people end [...]

Since the four PSU insurance companies have withdrawn cashless mediclaim settlement facility from a majority of hospitals, I have received several queries from policyholders of PSU insurance companies on what they should do. A few have asked on whether they should buy a new policy from private insurers, a few others have even asked on [...]

Earlier this month, we published a guide on the new ULIP (Unit Linked Insurance plan) guidelines that will be incorporated in all the ULIP products sold from September 1, 2010. Two of the most important guidelines that have created a stir among all life insurance companies in regards to unit-linked pension products (ULPPs) are: Minimum [...]