Natural calamities can wipe out your assets completely, and life cover is not enough. Sarbajeet K Sen guides on having home, car and health insurance
From LIC equity kitty taking a hit to crude oil prices rising due to shortage in supply, here are the top 10 business headlines on Tuesday
While the pace of growth for the four listed life insurers has come down, HDFC Life and Max Life fared better
Ensure that you have a life and medical policy in place. This will safeguard your family against any eventuality and cover liabilities
Never pay in cash and call up insurer to check the genuineness of policy once you get a copy
The total premium underwritten by LIC in Q1 was of Rs 60,106 crore
Now policies will acquire a surrender value after two premiums have been paid
A relatively new industry for stock markets, investors will take time to understand the business dynamics
In case you surrender or break up the policy, you will get lesser amount compared to your original maturity benefit, as surrender charges will be applicable
The new regulations will allow the insurers to charge an extra premium from policyholders who wish to buy riders with unit-linked insurance plans.
Credit-linked insurance plans are available for retail investors. The majority of life insurance companies offer it as a part of their group business
Low penetration and increasing awareness to propel sale of more profitable protection products
Term insurance, despite being the most fundamental and cheapest form of financial protection, still lacks a significant uptake in urban India
During the purchase of a term plan, the requirement for a medical examination varies for individuals
In life insurance, ensure flexibility so that coverage can be reduced when circumstances require doing so
The primary objective of a life insurance plan is to protect you and your family's life, dreams and goals
Market volatility and shift towards protection business have adversely impacted growth rates
The customers who want to sign up for such a program might be a little more health-conscious-and less risky to cover
A convertible life insurance plan provides the benefit of obtaining less expensive term plan at the beginning while maintaining the option to convert the same to an endowment plan in the future
Despite mark-to-market losses, value of new business and profitability improved during the first half