-
Know all about Pradhan Mantri Vaya Vandana Yojana
There are different types of specialised investment avenues designed for senior citizens. These avenues provide better returns and also give tax benefits to senior citizens. One such senior citizen investment scheme is the Pradhan Mantri Vaya Vandana Yojana which has been launched by the Indian Government. Let’s understand what the scheme is all about and…
-
Life Insurance & General Insurance Companies in India
The insurance sector in India plays a crucial role in the economic growth of the country. The sector is regulated by the Insurance Regulatory and Development Authority of India (IRDAI). The sector has grown majorly over the last few years with a diverse number of advanced products. The Indian insurance sector is majorly categorized into…
-
LIC Claim Settlement Ratio: Complete guide (Trends & Comparison)
LIC was formed in the year 1956 when the Life Insurance Corporation Act was passed to nationalise life insurance business in India. From 1956 to the year 2000 LIC was the sole life insurance provider in India enjoying monopoly position. Though other private insurance companies entered the insurance segment from 2000, LIC retained its leading…
-
Liability Insurance: Comparison and Detailed Guide
In today’s uncertain world, insurance has become an important risk management tool. Insurance gives much-needed peace of mind by providing a financial safety net against various risks and liabilities. Life insurance, motor insurance and health insurance are the commonly availed insurance solutions. However, there are many other insurance products that address certain specific issues and…
-
IRDAI: Insurance Regulatory And Development Authority Of India
You must have heard the name of IRDAI in the context of insurance. Many of you have the basic understanding that IRDAI is the insurance regulator but is it all there is to know about it? Table of Contents Establishment of IRDAI Objective of establishing IRDAI Duties and powers of IRDAI Unique rights of IRDAI…
-
E-Insurance: Everything You Need to Know
Technology has made our lives easier. Today you can do everything at the click of a button whether you want to buy, invest, get a loan or connect with your loved ones. Technology has revolutionized the way we live our lives and the world is gradually shifting to a digital age when everything would be…
-
ULIP vs. SIP: Choose the Better Investment Option for Better Returns
Investments are a must if you want to create wealth and multiply your savings. Investments also help you meet your future goals as what you invest today accumulates into a corpus in the future. That is why almost everyone invests their savings into different investment avenues that suit their risk appetite and investment strategy. If…
-
LIC Plans for 10 Years with Returns & Alternatives
The Life Insurance Corporation of India (LIC) is a leading insurance company which enjoys the unparalleled trust of its policyholders. The company is the oldest life insurance company which has been around since the year 1956. Over the course of its existence, LIC has issued different types of life insurance plans to fulfil the different…
-
National Pension Scheme Calculator, Tax Benefits, How to Invest & More
Retirement is called the golden phase of your life as you are free from financial responsibilities and you can live out your life doing whatever you want. However, to make your retirement a golden phase you need to prepare for it in advance. When you retire, your income flow stops. However, the expenses continue and…
