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New age digital customers drive changes in new age insurance plans
Internet has become a staple diet of new age millennials whose day doesn’t end without accessing the internet at least once. In fact, the Internet and Mobile Association of India (IAMAI) predicted the number of internet users in India to cross 500 million-mark by June 2018 in their report published in December 2017 (Source: https://economictimes.indiatimes.com/tech/internet/internet-users-in-india-expected-to-reach-500-million-by-june-iamai/articleshow/63000198.cms…
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Is your policy amount unclaimed if so it is your loss
You often blame the insurance company if there is any dispute regarding the settlement of your insurance claims. But what if you don’t avail claim settlement from the insurance company yourself? Whose fault is it then? Unclaimed policy amount represents the claims which the insurance company has incurred but for which the policyholder has not…
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Do you know all the tax benefits of your life insurance policy?
A life insurance policy has distinct tax advantages. The premiums you pay for the policy are tax-free under Section 80C up to a maximum limit of INR 1.5 lakhs. That is why insurance is a preferred mode of investment for many tax-payers who try and maximise their 80C contributions. What’s an added advantage is that…
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Pledge to secure your child’s future this Children’s Day
Children’s Day is around the corner and most of you might be planning to surprise your child with gifts or a fun day out. While you are making sure that your child enjoys this Children’s Day, have you ensured that your child enjoys his future too? Contingencies come unannounced and when they do they cause…
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Know all the tax benefits of life insurance policies before buying one
Life insurance policies have distinct tax advantages due to which they are highly favoured among individuals. Besides providing life insurance coverage, life insurance policies also are an avenue to reduce your tax outgo. Premiums paid for life insurance plans qualify for tax deduction under Section 80C. The maximum exemption which you can avail from Section…
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Know all about tax implications on surrender of LIC policy
A life insurance policy is a long term contract. You buy the policy with a term ranging anywhere from 5 years to 35 years. The policy is intangible and pays a benefit either in case of maturity or death during the term of the plan. However, many times than not, you want to give up…
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Life insurance in your 30s
In your 20s, everything is shiny and brand new, filled with hope and you are open to experimentation. By your 30s you are starting to settle down. Obligations and responsibilities –a new family, new home, bigger car – start to take up all your time. You may even have started semi-permanently settling in a job…
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How insurance can help your finances grow
With the changing times, our needs are also constantly changing. The improved standard of living has evolved what used to be our wants into needs. Our life stage goals, which used to once include paying out home loans, education loans and marriage expenses, now includes dreams of owning one’s own business and making sure it…
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Life insurance for every stage of your life
As we are in wake of nuclear family and inflation is exploding our financial life, life insurance has become a vital financial weapon in this situation. It is paramount for every individual to first adequately insure his life for the financial security of his/her dependents and then proceed to address other aspects of financial planning.…
