Term Insurance
Should you buy term insurance plan in your fifties?Term insurance is needed to bridge the gap between one's wealth-after subtr...
How to buy the right term insurance planThere are some pivotal issues to keep in mind when you buy a term plan so t...
- How to buy the right term insurance plan
- 10 things to know before you buy term insurance plan
- 10 thing to know before you buy term insurance plan
- Here’s how you can ensure your family gets a regular monthly income
- Here’s how you can ensure your family gets a regular monthly income
- If you have a loan, you cannot miss having a term plan
- If you have a loan, you cannot miss having a term plan
- The single most important, thoughtful thing you can do for your family
Grievance Redressal
Most life insurance complaints pertain to mis-sellingMis-selling is done by forging the proposer’s signature on forms or by sell...
Insurance claim cannot be denied on the ground of common lifestyle diseases: NCDRC to LICLIC has been told to pay the sum to the policy buyer who hadn't mentioned h...
- How to complain against an insurance company
- How to complain against an insurance company
- Banks now liable for mis-selling insurance: Here is how to complain to banking ombudsman
- Non-disclosure of other insurance policies not fraudulent concealment: NCDRC
- Want to raise a complaint against an insurance company? Read on
- How grievance redressal for insurance policies work
- Five easy ways to complain against an insurance company
Unit Linked Insurance Plans
Why Ulips are useless as insurance products: ViewThe insurance cover provided by Ulips is far from adequate. One should get ...
Ulips vs mutual funds: Which will give you better returns?Unlike MFs, Ulips are not very widely tracked. Here are the best performing...
- Seven 'reformed' Ulips with the lowest charges
- 5 parameters to consider before buying a Ulip
- 8 charges in Ulip that one needs to know
- Don't fall for these 5 common Ulip sales pitches
- Don't fall for these 5 common Ulip sales pitches
- A ULIP alone won't give you sufficient life insurance: Here's why
- Think ULIPs can beat mutual funds after LTCG tax? Here's the winner
- Spotlight falls on ULIPs as MFs are stung by the LTCG bee
Traditional Plans: Endowment & Money Back
Want to surrender your life insurance policy? Here's a guideIf you are confused about what will happen on surrendering your life insura...
Here's why one should not fall for guaranteed life insurance plansThe effective annualised return from a traditional life insurance policy is...
Basics of Life Insurance
An investor needs to cover risks other than investment risks as wellAn investor needs to have sufficient income to cover immediate living expen...
5 ways senior citizens can avoid being mis-sold an insurance policyTo avoid being scammed out of their money, here are five insurance products...
- How big should your life insurance cover be? These factors will help you decide
- LIC-IDBI Bank deal: How life insurance companies invest your money
- You must learn how to buy insurance correctly to avoid being fooled
- You must learn how to buy insurance correctly to avoid being fooled
- Which type of insurance do you really need? Assess before you buy
- Which type of insurance do you really need? Assess before you buy
- Empower the woman in your life with MWP Act
- Empower the woman in your life with MWP Act
Life Insurance Claims
How to buy life insurance under the Married Women's Property ActAny kind of life insurance policies can be bought with the Married Women's ...
How does the 3-year clause impact life insurance claimsRegardless of whether a claim has arisen or not and when it is intimated, o...
- Insurance claim cannot be denied on the ground of common lifestyle diseases: NCDRC to LIC
- Crores lie unclaimed with insurers. Here's how to find out if any is yours
- How to make a death claim in life insurance policy
- How to make a death claim in life insurance policy
- Empower the woman in your life with MWP Act
- Empower the woman in your life with MWP Act
- Living wills not likely to impact insurance payouts
- Living wills not likely to impact insurance payouts
Surrendering Policies
- Want to surrender your life insurance policy? Here's a guide
If you are confused about what will happen on surrendering your life insura...
What you stand to benefit and lose on surrendering a life insurance policyHere are the benefits and losses you may incur at various stages on surren...
How to choose the right term insurance plan for yourself?
Feb 3, 2025, 02:42 PM ISTWhile purchasing a term insurance plan, it is important to look beyond just premium costs. It is equally crucial to consider factors like sum assured, policy term, claim settlement history, and additional features such as riders. Moreover, life insurance needs should also be evaluated on a regular basis to accomodate an individual's evolving lifestyle and financial conditions.
Mastering the essentials: Life insurance and term insurance explained
Jan 29, 2025, 05:42 PM ISTLife insurance ensures financial security for your family in the event of your death, whereas term insurance provides this protection for a specific period at a lower premium. Understanding the differences between these options, their benefits, and how to choose the best policy is crucial for effective financial planning.
A full GST exemption on life insurance premiums could mean more expensive premiums for policyholders. Here’s why?
Jan 27, 2025, 06:30 AM ISTGST exemption on life insurance premiums: At present, a high GST rate of around 18% on life and health insurance premiums makes plans too costly, which leads to many people potentially forgoing proper insurance coverage. But if both life and health insurance premiums are made completely exempt from GST, it might potentially end up making both life and health insurance premiums more expensive, largely due to loss of input tax credit benefits. Know more about it in this article.
When are policyholders eligible to receive death and maturity benefits in their term plan?
Jan 20, 2025, 06:30 AM ISTIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 34th part of this series, Riju Mehta explains the difference between the two types of benefits in life insurance.
Maximum is not always ideal; how long should my term insurance's tenure be?
Jan 6, 2025, 06:30 AM ISTWhile buying life insurance, align the policy term with your financial goals, such as your child's education and retirement planning, since overestimating the duration might lead to higher premium payouts. Read on to know how you can decide on the optimum tenure for your life insurance policy, so that you can create a solid corpus.
Tata AIA achieves 99.13% claim settlement ratio in FY 2023-24
Dec 24, 2024, 06:08 PM ISTTata AIA Life Insurance achieved a 99.13% claim settlement ratio for individual death claims in FY 2023-24. This ensures financial support to policyholders’ families. The company offers a streamlined claims process, immediate payouts, and flexible premium benefits. Customers can trust Tata AIA for dependable life insurance solutions with added benefits and high claim settlement ratios.
LIC unclaimed maturity amount at Rs 880.93 crore in FY2024: How to check if there is any unclaimed amount in your LIC policy
Dec 17, 2024, 03:18 PM ISTLIC has unclaimed maturity amounts of Rs 880.93 crore in 2023-24. Over 3.7 lakh policyholders have failed to collect their funds in the financial year 2024. Find out how policyholders can check for unclaimed amounts on the LIC website, and what documents are needed for this.
A guide to understanding tax benefits in digital insurance plans
Nov 8, 2024, 03:56 PM ISTDigital insurance plans are changing how we manage insurance, offering a convenient and efficient alternative to traditional methods. With these plans, you can buy, renew, and manage policies entirely online, saving time and effort. Beyond convenience, digital insurance plans offer tax benefits, helping you save money while securing your future.
Insurance terms explained: What is surrender value, types of surrender value
Oct 28, 2024, 06:30 AM ISTIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 22nd part of this series, Riju Mehta explains the meaning of surrender value in life insurance.
Increase in surrender value to reinforce customers' faith in life insurance industry: Kotak Life Insurance MD & CEO
Oct 28, 2024, 06:30 AM ISTPeople are now buying life insurance for protection, and the increase in surrender value is unlikely to impact the persistency ratio, Mahesh Balasubramanian tells Riju Mehta.
What is the difference between term and traditional life insurance policy
Oct 21, 2024, 06:30 AM ISTIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 21st part of this series, ET Wealth explains the difference between term and traditional insurance plans.
Life insurance rule change: From October 1, 2024, you will get higher refund when you surrender your life insurance policy
Sep 30, 2024, 04:11 PM ISTPolicyholders exiting traditional life insurance get more money back starting October 1, 2024. Irdai has asked the insurance companies to offer a higher special surrender value (SSV) for traditional endowment policies from October 1, 2024. The new 'special surrender value' rule mandates higher refunds, offering flexibility to switch plans. ET Wealth Online decodes the new special surrender value rule and how it impacts life insurance policyholders from next month.
SBI Life Insurance fined Rs 1 crore for regulatory violations; Irdai asks insurer to adhere to rules to settle death claims
Sep 9, 2024, 07:16 PM ISTSBI Life Insurance has been fined Rs 1 crore by the Insurance Regulatory and Development Authority of India (Irdai) for violating regulations related to outsourcing, insurance web aggregators. The insurer was found to have engaged with web aggregators without clear agreements specifying services and fees, failed to report outsourcing payments, and repudiated claims beyond the three-year period.
Relief for policyholders: Will 18% GST on term life insurance premium be removed in the GST meeting on September 9, 2024?
Sep 3, 2024, 12:48 PM ISTThe upcoming GST Council meeting is expected to take a decision on removing the 18% GST levied on term life insurance premiums. This decision, if implemented, would provide much-needed relief to insurance customers who have been burdened by the additional tax. The 18% GST levied on life and health insurance premiums has been a contentious issue for several years, with various stakeholders calling for its removal.
Term plans should be your first life insurance policy: Amit Jhingran, SBI Life Insurance
Aug 26, 2024, 06:30 AM IST"Term plans should be the first choice for anyone to start the journey of life insurance coverage. These plans provide substantial coverage at an affordable price. By focusing on protection, consumers can secure their financial future without compromising affordability," says Amit Jhingran, SBI Life Insurance.
Do you have enough life insurance cover to protect your financial goals?
Aug 26, 2024, 06:30 AM ISTYour financial goals may be at risk if you have not taken sufficient protection against unforeseen events.
LIC's Digi Term Insurance Plan: Eligibility, premium payment, benefits of this online cover
Aug 10, 2024, 04:53 PM ISTLIC's Digi Term is a non-par, non-linked, life, individual, pure-risk plan that provides financial protection to the insured's family in case of his/ her unfortunate death during the policy term.
LIC launches 4 new term life insurance plans; Check eligibility, premiums, other benefits
Aug 6, 2024, 12:49 PM ISTLIC has introduced new term life insurance plans to offer term insurance and financial protection against loan repayments. These plans include LIC's Yuva Term, LIC's Digi Term, LIC's Yuva Credit Life, and LIC's Digi Credit Life.
Higher refund on premature exit from life insurance policy as IRDAI introduces new surrender value rule; check how much you will get
Jun 13, 2024, 05:17 PM ISTLife Insurance Policy Surrender Value Rule Changes: To curb mis-selling of life insurance plans, IRDAI has introduced a higher special surrender value for traditional endowment policies. Even if a policyholder exits a life insurance policy after the first year, he would get a part of his premium back if he has paid it. Till now, there has been no refund on exiting the policy in the first year. How much money will you get back if you prematurely exit your life insurance policy? Check calculation here.
The Life Insurance Rule: How much money will your family need if your income stops?
Jun 13, 2024, 11:39 AM ISTLife insurance rule: A common rule of thumb for life insurance coverage is to have a life insurance policy that is at least 10 times your current income. This coverage should take into account any outstanding debts and loans you have. By following this rule, you can estimate the income your family would need to maintain their standard of living if you were to pass away.
