I am a 35 year old, married man with one child. Though I am covered under a health insurance policy of 5 Lakhs through my current employer, I also have a personal family floater Mediclaim Insurance worth 5 lakhs that I bought late last year. Lately, I have been going through different posts and blogs…
I understand, insurance as an investment is a bad idea. The only product that one should buy from an insurance company is Term Insurance. All other forms of insurance product is nothing but wastage of money. There are different types of insurance products which are available for consumers in the market such as endowment policies,…
What is Zero Depreciation Insurance in Car Insurance? Do we also call it bumper to bumper insurance in India? How is it different from Standard Comprehensive Cover? My friend Manish, who is working in a Mumbai-based firm met with an accident recently. The car damages were in the range of Rs. 1.5 lacs to 2…
My friend Sanjay opted for a life insurance policy as his advisor had promised returns in the range of 14%-16%. He was very excited about the returns that was promised to him and was looking forward to it. Sanjay received a big shock when he received the policy bond since his advisor had duped him…
It is a well-known fact that term insurance is essential for everyone. It gives our family a certain level of financial stability, if we are not around, that is hard to get otherwise through the other instruments in our early stage of life. But what should be the tenure of term insurance? To make it…
Whether it is LIC Jeevan Anand or LIC New Jeevan Anand, the Anand(happiness) is only for the agent, not for you. If you do not want to read the complete article regarding LIC Jeevan Anand review, returns and policy details with example, the advice for you is -Do Not Buy This Policy!! Still interested in…
Insurance Companies were in a race to launch new “ULIPs” for the first 10 years till IRDA came out with certain restrictions in this sector. Agents are still enjoying a decent commission in ULIPs, but from where did these companies offer such high commission to agents? Naturally,they are deducting various charges from the policyholder’s account…
Who is an Insurance Ombudsman Act ? What is “Insurance Ombudsman” role & limits in India? What is Ombudsman Scheme? How to find Ombudsman Address? How can I register a complaint to Ombudsman? You are hearing of many claim rejection cases by Insurance companies. Some Insurance Companies have even started claiming that they have the…