-
Compare PMJJBY And PMSBY
The Government of India has come up with many social security schemes for individuals and households in order to provide financial security. Pradhan Mantri Bima Yojana is mainly introduced with an objective of providing financial protection against illness, accident or death, specifically for an underprivileged and uninsured section of the society. There are mainly two…
-
Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) Premium calculation
Postal Life Insurance policies have been in effect from the year 1884 when they were launched with the approval of the Secretary of State under the British Empire. Postal Life Insurance (PLI) policies were intended to provide affordable insurance coverage to the population of India. Rural Postal Life Insurance (RPLI), on the other hand, was…
-
All you need to know about Pradhan Mantri Jeevan Jyoti Bima Yojana
Life insurance is very essential to provide a sense of financial security to the family members in case of your unfortunate demise. To stress upon the importance of life insurance, the Prime Minister of India, Mr Narendra Modi has launched the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). The PMJJBY scheme offers term life insurance…
-
Endowment Policy – Saving Plans, Features & Benefits (Complete Guide)
Life insurance plans come in many different variants. Broadly, life insurance plans are classified under two heads – Traditional plans are those which promise guaranteed returns whereas under unit linked plans the returns depend on the performance of the market. Table of Contents What is an endowment plan? How does endowment policy work? Salient features…
-
Steps to Download LIC Premium Payment Receipt – Turtlemint
LIC premium paid statement is usually required by policyholders to submit it as proof of investment for income tax declaration purposes. LIC online payment receipt and consolidated premium paid statement can be downloaded from the LIC website easily with few clicks. Table of Content LIC Premium Receipt Download How to register on LIC’s Portal? FAQs…
-
What is the Insurance Ombudsman? Meaning and Overview
If you are a life insurance or general insurance policyholder, the insurance company should be your first point of contact for any complaints. In case, you are not satisfied with the insurance company’s response to your complaint, after 30 days of your complaint you can approach the insurance ombudsman. Table of Contents What is an…
-
Term insurance plans India guide
What is Term Insurance? Term insurance is an insurance contract for a specific term in which an insurance company promises to pay a certain pre-decided sum of money to the designated beneficiary in the event of the death of the policyholder during the term. The coverage is provided in return of premiums paid the policyholder.…
-
8 Differences Between Insurance and Assurance (Complete Guide)
Insurance and assurance are the two terms that are widely used in the financial market. People are often confused between these two terms and use them interchangeably as both the terms are associated with financial product that protects their interest. However, there exists a subtle and thin line of difference between insurance and assurance. In…
-
What do you need to know about LIC NAV?
LIC is the oldest and the first life insurance company in India which was the only life insurer till the year 2000. Even after private players were allowed to enter the life insurance market, LIC remained the undefeated company in terms of customer base and market capitalization. Even today LIC enjoys immense trust among its…
