No claim rejection for life insurance policies older than 3 yrs – IRDA

There is very good news for those who have bought life insurance policies (especially term plans). From now on, life insurance companies will not be able to reject claims for any policy which is 3 yrs old. Yes, you read it correctly. No Claim rejection after 3 yrs If your policy is 3 yrs old, […]

READ MORE

Do something special for your kids along with buying Insurance – Check out How ?

A lot of you on Jagoinvestor must have bought term plan or other insurance plans, so that in your absence your dependents do not face any kind of financial crunch. It is good to buy life cover, but may be buying life cover is just half job done. From last few days, I have been […]

READ MORE

What happens if policyholder dies within grace period ? The answer may surprise you !

Do you know what happens when the policyholder dies within the grace period provided after the due date of paying the premium. The answer might surprise you because there is a big myth around this topic. Every life insurance company provide a grace period of 30 days for paying the premium after the due date […]

READ MORE

LIC Online Term Plan Launched – 37% cheaper than Offline version

Good News! . Finally LIC Online Term plan is launched. The name of its online term policy is LIC e-Term and can be bought via LIC Direct initiative. Investors community was waiting for this online term insurance from LIC from very long time and finally many will buy the term plan to cover their family. In […]

READ MORE

New LIC Term Insurance relaunched with low premiums

This is a bit old news now – but a lot of you might not know that LIC has relaunched their Term plans (offline) few weeks back. LIC has two term plan policies now called Anmol Jeevan II (below 25 lacs sum assured) and Amulya Jeevan II (Above 25 lacs sum assured) , and now both […]

READ MORE

The Shocking story of – How LIC policy was surrendered using Forged Signature

Can someone else surrender your LIC policy and take the money ? I know you have never ever thought this can happen, because this looks so impossible, but I want to share an incident with you all which happened with Muthu (name changed), who is one of our jagoinvestor reader. One day, Muthu came to […]

READ MORE

Forget IQ – Have you ever thought about your Security Quotient (SQ) ?

Today, on Jagoinvestor, I will coin a new term – Security Quotient. Just as I.Q. (Intelligence Quotient) is a score that measures your overall intelligence, Security Quotient (S.Q.) measures how well you have managed the security of different areas of your financial life. By security I am taking about insurance against external factors. Imagine a […]

READ MORE

5 major changes in life insurance policies from Jan 1, 2014 – How it affects you ?

Some major changes are going to happen in life insurance industry from Jan 1, 2014, especially in traditional policies like Endowment Plans, money-back plans and even ULIP’s. You will surely have a LIC policy or any other private sector traditional plans or might buy them in coming times. Here are 5 major changes which you […]

READ MORE

Term plan or Health Insurance ? Which is more Important if you have limited money ?

Few weeks back, I posted an interesting question on our Facebook Page asking – “Given limited money – which is more important product to buy from security point of view – Term Insurance or Health Insurance ?” . Lets say there is a guy – who wants both a term plan and a health insurance […]

READ MORE

How Insurance Companies Work – The Ultimate Guide to understand their Business Model

I have written almost every possible article on Life Insurance and even Health Insurance, but strangely I still find a lot of investors asking questions which clearly shows that somehow, somewhere they do not understand what is the underlying business model of  insurance business and how are the products designed overall. Let me use simple […]

READ MORE