Page 2 - Life Insurance Policy

Slash GST on health insurance to 5% from 18%: Trade body to govt

Association says that renewal rates of the policies continue to decline due to frequent premium hikes and rising medical inflation

Women can get upto 30% off on first year premiums for this term plan

ICICI Prudential Life Insurance announced a lifetime discount of 15% exclusively for women on all the premiums to be paid, for its term insurance product, iProtect Smart.

Life insurance premium: How is it taxed; the loopholes explained

An individual is allowed to choose the life insurance policies with higher maturity yield for tax exemption and pay taxes on those whose maturity amount is less.

Taking a loan against life insurance policy is quicker, simpler, cheaper

Expect smaller loan approvals in policy's early years, which may necessitate selling of investments instead

Kotak Life Insurance launches non-linked par product Kotak G.A.I.N

Private sector life insurer Kotak Life Insurance on Tuesday launched a non-linked participating product Kotak G.A.I.N which offers long-term saving or income

Life Insurance Essentials: A Comprehensive Guide to Securing Your Financial Future

Life is full of uncertainties, and while we cannot predict the future, we can certainly take steps to secure our financial well-being and protect our loved ones.

Kotak Mahindra Life Insurance launch TULIP, combination of term, ULIP

Since it is a ULIP plan, customers have 8 fund options to choose from to invest their money

You may soon have to pay less as surrender charges for exiting your insurance policy

Companies deduct a surrender charge because they book upfront all their costs of selling a policy

Bajaj Allianz Life Insurance has a new 'increasing income' savings plan

Bajaj Allianz Life ACE - Increasing Income provides life cover with tax benefits and allows flexibility in determining policy terms, ranging from 10 years to 100 years of age

LIC launches new 'Jeevan Utsav' plan with lifetime guaranteed returns

The plan offers the choice to choose between two payout options - regular income and flexi-income benefits

Technology can help reach more customers in life insurance sector: LIC MD

Companies are focusing on digital boarding which can help focus on improving persistence in this sector, says R Doraiswamy

Table: Life insurance policy terms, rates of 10 leading companies

Policybazaar.com table explains what a customer living in a metro city will have to pay

Inflation biggest concern for Indians, only 6% sufficiently insured: study

To be sufficiently insured, experts believe that an insurance policy must provide 10 to 15 times the annual income of the household as coverage

Robust growth ahead for pvt insurers; HDFC Life may see stronger momentum

HDFC Life may see stronger momentum as merger synergies kick in

ICICI Pru Life Insurance launches a product offering income for 30 years

Further, customers can customise the product from a range of income benefits and premium payment terms, among other flexibilities, stated the press release

Prioritise insurance policies with higher maturity for tax exemption

This approach will minimise your tax liability on traditional policies with lower maturity proceeds

Life insurance payouts will be taxable if yearly premium exceeds Rs 5 lakh

The sum received in excess of the premiums paid shall be taxed as income from other sources where all exemption related conditions are not met.

We are focussing on growing premium from non-par products: LIC chairman

We are expecting good growth in the festive season, says Siddhartha Mohanty, Chairman, LIC

Non-disclosure doesn't apply to known facts

The National Commission considered that the law provided that jurisdiction could be based on the complainant's place of residence.

Claim disbursements under PMJJBY surged 438% in FY22, shows data

Persons in the age group of 18-50 years having an individual bank or post office account are entitled to enrol under the scheme