Do you exactly understand what the Claim Settlement Ratio in Insurance is? A lot of people just look at the claim settlement ratio and make an opinion about an insurance company. In this article, let me break some myths and help you understand more about the claim settlement ratio. What is Claim Settlement Ratio? In […]

Does it makes any sense to buy “Return of Premium Term Plan”? The one-line answer is “NO – it does not make sense” A “Return of Premium Term Plan” or TROP as its called – pays back all your premiums at the end of the period, whereas the plain term plan doesn’t return back anything. Before […]

Do you want to get rid of your old money back insurance plans, but are confused if you should “surrender” or make it “paid up”? Today I will explain which one is the best option amongst the two. Surrender vs Paid-up option in Insurance policies All those assured insurance plans which your parents made you […]

It is very easy to buy life insurance. You just pay the premium, attach some documents, get your health check-up done and you will become a policyholder. Even nowadays it has become more convenient to buy, as most of them can be bought online. So, at the time of buying it’s really the fast process […]

As per IRDAI, the insurance regulator – it is now mandatory to link your Aadhaar and PAN number with your insurance policies. Though this linking process does not have a deadline right now, its advised to act fast and complete this action asap to avoid any last minute rush and issues which you might face […]

If you are planning to buy a term insurance plan in coming weeks, then you are at the right place, because today I will share dozens of points which any term plan buyer should know before they buy the cover. So, if you have no idea of how does term insurance work, and if you […]

Do you have any life insurance? And are you really very sure that it will protect your family? Majority of people who buy life insurance in India, buy it for the sole reason of protecting their family’s future. But is taking the life insurance a sure shot way to protect your family (I mean your […]

Starting 1st Oct 2016, all the insurance policies are going to be issued in electronic form. Yes, you heard it right Few years back IRDA had come up with the concept of 13 digit e-Insurance Account (EIA), where an investor had the option to convert their existing physical policies into demat form, but till now […]

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, […]

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 […]