With a increase in the use of smartphones, many financial institutions have come up with their mobile application to provide anytime and anywhere facility to the customer. LIC of India have also build a mobile application called as LICMobile. LICMobile application is developed by LIC itself and currently available for the android platform only through […]
Archives for August 2015
As per the guidelines issued by Insurance Regulatory and Development Authority of India (IRDAI), barring the traditional insurance-cum-investment products, insurance policies now have a cost on caps in the form of reduction in yield. This is applicable on unit-linked insurance plans (ULIPs) and variable insurance plans (VIPs).┬аAt various durations starting from 5th policy anniversary till […]
Insurance Regulatory and Development Authority of India (IRDAI) has issued a warning by its letter dated 21/08/2015 to Star Health for giving advertisement in Economic Times Mumbai edition, claiming itself number one, which was against the rule of IRDAI.
When it comes to tax planning, the first instrument come in mind of majority of the people is Insurance. Most of us leave tax planning till the end of financial year. Buying insurance for tax benefits, under Section 80C of the Income Tax Act, life insurance premium up to a maximum of Rs 1.5 lakh […]
Varishtha Pension Bima Yojana (VPBY) which was launched government on 15/08/2014 is soon going to close on 14/08/2015. Varishtha Pension Bima Yojana is a pesion secheme which is giving a return of 9% per annum if pension is opted in monthly mode and 9.38% when opted for yearly mode. Minimum amount for investment in VPBY […]
New Endowment Plus (Plan No. 835) is the new ULIP plan which is going to be launched soon by LIC, As mentioned by LIC of India’s Chairman Mr. S K Roy in his interview to Business Standard published on 01/07/2015.┬аThis is the first ULIP plan by LIC after closure of all older products on 31/12/2013. […]
Health Insurance is slowly reaching to people with lots of companies are now focusing on it. There are many health insurance policies which are now available in market. But there are still some diseases and conditions which are not covered under any Health insurance policy. Some diseases are excluded from the policy and do not […]