What is an Endowment Policy or an Endowment plan ? Why Endowment Policies should not be a part of your portfolio? Why you should not mix insurance with investments? What is an Endowment Policy or Plan? Endowment policy is a traditional Life Insurance policy. As an endowment plan is a combination of insurance and investments…
With the fiscal year ending, the Tax savings is definitely the most important thing in everyone’s mind. Most of you must have already bought insurance policies to save tax under Section 80C for the fiscal year 2018-2019 and I am confident that out of those insurance policies, LIC will be on top of the leader…
Which is the best “Health Insurance for Senior Citizens” in India? What is the best Health Insurance Policy for your Parents? Can I take it without Medical Test?Can I take a mediclaim policy for parents aged above 50/60/70/75/80 years. First of all, let us understand it with an example My friend Deepak is in financial trouble…
Do you know, you can get a heart insurance policy in India? Can you get a health insurance policy after heart attack? Is it possible to get a health insurance after angioplasty? Heart Insurance Policy – A Short Story While preparing a sales report, Arun suddenly felt a small sensation in his chest. It felt…
How to check LIC policy status online by policy number or policy details by SMS? My friend Ritvik bought a policy from Life Insurance Company (LIC) last year for tax saving purposes during the tax declaration period. At the time of buying the LIC policy, Ritvik also filled an Electronic Clearing Service (ECS) form through…
What is the meaning of Surrender value in insurance and Paid up value in Life Insurance? How do we calculate “Surrender value in insurance“? What is the difference between surrender value and paid up value in life insurance? Ajay paid 3 years premium towards his Endowment Policy. He then realised that his policy was not…
Have you ever heard of anyone paying TDS on maturity of Life Insurance Policy? You can ask this question to your friends and colleagues and see if someone makes fun of you. Have you ever heard of Section 194DA of Income Tax Act? People may call you crazy since it seems impossible that someone would…
What is the grace period for life insurance policy? What happens when you do not pay your premiums or payments on time? Ramesh`s father was admitted to the hospital last night as had suffered a severe heart stroke. Unfortunately, he could not survive. When Ramesh made an insurance claim, he realized that the last premium…