Refusing the claims of weak financial position of LIC, it has assured its millions of policyholders about their money and said that it is safe and secure as its “financial health is sound. In response …
Continue reading4 Lakhs Complimentary Life Insurance For Mobile Prepaid Customer
As per the IRDAI, the insurance penetration in India is less than 4 % of the population while mobile penetration is close to 90 %. It is estimated that India will have close to 830 …
Continue readingLife insurers Approached IRDAI to Sell Indemnity-Based Health Insurance
LIC companies approached the IRDAI – Insurance Regulatory and Development Authority of India for permission to start selling indemnity-based health insurance products. There is the low penetration of health insurance in the country, and there …
Continue readingAbout Assigning Life Insurance Policy
The insured person needs to endorse the policy document or make a deed of assignment and register the policy with the insurer. Interest in a life insurance policy can be transferred from the policyholder to …
Continue readingIRDAI Opens Applications For Insurance Regulatory Sandbox
IRDAI – Insurance Regulatory and Development Authority of India, opened Applications For the Insurance Regulatory Sandbox from 15th September 2019. The applications are open till October 14. IRDAI said that the purpose is to introduce …
Continue readingSoon A Option To Pay Health Insurance Premium in Installments
Soon there will be change in frequency of premium payment, it has been permitted through a circular permitting the insurers for minor modifications in policies filed by them. IRDAI has issued an circular for the …
Continue readingLIC Scholarships for 10 Students
Life Insurance Corporation of India presents scholarships for the students, with LIC officials and school staff on Friday 20th September 2019. The LIC city branch manager D Sehagiri Rao said that “as part of social …
Continue readingLIC Scholarship 2019 Application Forms Released
The Application Forms for LIC Scholarship 2019 are released by the divisional offices. The shortlisted candidates will be notified and they will get Rs. 10,000 per annum as scholarship amount. The Life Insurance Corporation of …
Continue readingLIC Jeevan Rakshak Plan Features And Benefits
LIC Jeevan Rakshak plan is a non-link participation plan, which provides savings with safety. Before maturity of the plan, it provides financial assistance to the family at anytime of the demise of the policy holder …
Continue readingBefore Taking Life Insurance Cover Know about how much Sum Assured to Apply
In case of demise of the earning member in the family, the dependent members would get endangered because of absence of cash to continue their lives. So, it’s important to take insurance for the earning …
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