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…
What are various “types of claims in Life Insurance”? The article explains in detail about the list of documents required and procedure to settle various types of claims in life insurance for claim settlement? What to do if your claim is rejected? The main purpose of buying a Life Insurance Policy is to ensure protection…
What are the different types of life insurance policies in India and which one should I get? The decision to buy is entirely based on the solution, you are looking for. You should definitely buy a term insurance and avoid endowment, money back and whole life policies(my personal suggestion). You can buy ULIPs after scanning…
Which is a better investment product after introduction of LTCG (long term capital gains) – ULIP Vs Mutual Funds? Is ULIP good investment? This is a million dollar question asked by many investors. Before answering, why Mutual Funds are better than ULIPs? Let us compare the difference of charges first between ULIP Vs Mutual Funds….