Akash caught himself in a dilemma when he wanted to purchase life insurance. Being a smoker, he faced a tough choice of whether to disclose his smoking habits to the insurance company. He followed his instinct, chose not to reveal… Continue Reading
Life insurance is an essential part of financial planning that provides financial protection for loved ones in the event of an individual’s death. However, not all life insurance policies are created equally. In India, there are several types of life… Continue Reading
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), first mentioned in the 2015 Budget Speech of then-Finance Minister Arun Jaitley, was launched by our Hon’ble Prime Minister Narendra Modi on May 9, 2015. It is a life insurance scheme that aims… Continue Reading
Insurance scams are very common in the insurance sector. Innocent customers get calls from fake insurance agents. They try to coax you to buy an insurance policy by giving you offers that will sound too good to be true. Beware… Continue Reading
Did you recently receive a spurious call from a fake insurance intermediary? Were you lured by his fake offers and bought an insurance policy? Then there are chances that it could be a case of insurance mis-selling. You don’t need… Continue Reading
Lapsed Policy Insurance Policy gets a lapsed status when the premiums are not paid even after grace period. Either the purpose of insurance stops or gets reduced depending on type of Insurance plan. In participating plans, benefits are reduced on… Continue Reading
Death is somethivng which is an unpredictable event. It is always better to get a life insurance so as to financially secure future of loved ones. In case an unfortunate event occurs, nominee need to apply for a claim. However,… Continue Reading
Purpose of life insurance is to pay the claim to nominee in case of death of life insured and pay the maturity claim to Proposer in case of survival. Life insurance is also a saving instrument which guarantees to fulfill… Continue Reading
Surinder Chopra is a middle-aged cloth merchant who has also been a loyal LIC customer for decades. He purchases a policy from his local LIC agent; however, recently he has also been getting some phone calls regarding some attractive LIC… Continue Reading
Kailash, age 30, took a term insurance of Rs 1 crore for the financial security of our family. Kailash was a smoker and was told that premium rates for smokers will be higher. Kailash decided not to declare his smoking… Continue Reading