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The latest Claim Settlement Ratio of Life Insurers in India 2020-21
There are 24 life insurance companies in India with 23 being private players and 1, LIC, is owned by the Government of India. Every insurer offers a range of life insurance policies so that you can choose a plan depending on your coverage needs. Life insurance policies provide financial security in the case of a…
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Are Guaranteed Income Plans of Life Insurance Worth it?
Life insurance policies are designed for one thing – to help mitigate the financial risk associated with premature death. To this extent, term insurance plans cover the risk of premature death and provide pure protection against the associated financial risks. However, many policyholders want their life insurance policies to double-up as a savings tool too.…
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Did you know these Taxation facts about your Insurance policies?
Insurance is popular not only for its benefits but also for its tax-saving nature. Whether you buy life insurance or health insurance you get tax savings on both. In fact, in a life insurance policy, even the surrender value is tax-free in your hands. However, when it comes to taxation, there are certain rules which…
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Buying Term Insurance Cover? Remember to Consider these Things in Addition to Low Premiums!
Term insurance is one of the first steps to personal financial planning. However, most people procrastinate and hence delay the process of opting for one. So, if you are planning to opt for a term insurance plan, we will try and simplify the process for you. A term insurance plan needs to be taken only…
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LIC Jeevan Saral Plan 165 – Premium, Maturity and Benefits Calculator
Table of Contents What is LIC’s Jeevan Saral Plan (165)? LIC’s Jeevan Saral Plan 165 Features LIC’s Jeevan Saral Plan 165 Benefits Eligibility Criteria for LIC Jeevan Saral Policy LIC Jeevan Saral Maturity Calculator Jeevan Saral Maturity Calculator 2024 Jeevan Saral Maturity Calculator – Surrender Benefit Calculation of Surrender Benefit Claiming the Maturity Benefits of…
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Coronavirus Life Insurance: Coverage Against COVID With Life Insurance
Covid-19 is a novel coronavirus that has brought the world to a standstill. The world is reeling under its adverse effects. Economies are hard hit, with people losing their livelihood. This highly contagious viral disease has disrupted lives and has become a major health concern for all governments all around the globe. People suffering from…
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Why an e-Insurance Account is a Must in Today’s Age?
The wave of technological development has been sweeping the nation far and wide. Fat wallets have slimmed down due to mobile wallets and e-payment gateways, physical shopping has given way to e-commerce and the world has shrunk down to your computer and mobile screens. Even when it comes to insurance, buying it has been simplified…
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How to get tax benefits beyond the 80C limit for Life Insurance Premium?
Life insurance plans are known for their tax benefits apart from the financial protection that they provide. The premiums paid for the policy qualify as a tax-free deduction under Section 80C of the Income Tax Act, 1961. However, Section 80C allows various other investments and expenses as deductions and the maximum limit of deduction is…
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ULIPs can now attract tax. Find out how
Life insurance plans are a great tax saving tool. Besides providing financial security against the risk of premature death, life insurance plans allow you to save tax on the premium that you pay as well as earn tax-free benefits. Unit linked insurance plans provide investors with a good mix of investment returns, insurance coverage and…
