Mahesh lives happily with his family, consisting of his elderly parents, wife, and two children. Ever since the outbreak of COVID-19, Mahesh has been planning to buy a term insurance plan. Since he is the only breadwinner in the family,… Continue Reading
Premium payment term is the regular cause of dispute among all grievances with Life Insurance. Life Insurance is a contract where the Insured agrees to pay a premium each year as per the payment term given in the Policy schedule… Continue Reading
Walk into any bank and ask for a fixed deposit, some relationship manager would take you on a side and recommend Single premium insurance policies. They would promise superior returns, life cover and tax benefits. They would commit liquidity in… Continue Reading
After receiving the policy document, it’s always recommended to read the policy document since you have entered a long-term commitment with your insurance company. While your insurance company has agreed to protect you from the risk for which you have… Continue Reading
“Insurers can’t repudiate claims by citing existing medical conditions: SC” The Supreme Court has ruled that once a policy has been granted, an insurer cannot reject a claim by using an existing medical condition that was declared by the insured… Continue Reading
Raj Kumar retired from a private job. He received Rs 60 lakh from his Provident Fund and gratuity. He wanted to begin a fixed deposit to ensure a regular income of approx Rs 3 lakh per year. In the bank,… Continue Reading
Ashok ji was retiring as General Manager with a private company. He was quite satisfied with his life planning. In 2005, he had invested in a pension plan of an Insurance company. He was saving Rs 2 lakh… Continue Reading
In InsuranceSamadhan.com’s A-Z Blog series on Insurance topics, we try to provide all vital information related to the Insurance sector and demystify certain myths related to the sector. In today’s blog, we are sharing detailed information regarding – Nomination –… Continue Reading
Good, you have taken a right decision to but Life Insurance. You have been shown illustration and attractive figures with promises that you will receive sum assured plus accrued and loyalty bonus on maturity. This amount would help you in… Continue Reading