The sum assured is a minimum guaranteed amount that your Ulips gives your nominee in case of your death. The payout in case of death during the policy term is tax-exempt even in cases where the sum assured is less than 10 times of the premium paid.
Till recently, health insurance policy premiums were only payable on annual basis.
The income tax laws classify the residential status of an individual into three categories, depending on the individual's stay in India in the relevant financial year as well as his/her stay in the previous years. Here is a look at these categories.
According to the MV Act 2019, the penalties for violating traffic rules have increased.
A pre-existing disease is a condition, ailment or injury that already exists at the time you buy a health insurance policy.
If you have any query related to ITR filing, you can directly approach the I-T department.
Title insurance products are currently offered by only a few General Insurers in the Indian market.
IRDAI cracks down on misselling of travel insurance via online ticket booking portals, imposes curbs
Currently, when you buy a ticket to travel, often travel insurance gets bundled with this by default without the purchaser realising it.
Since credit card interest rates are high, paying only the minimum amount due repeatedly will keep you in debt.
The IRDAI has asked insurers to start providing benefit illustrations to policy holders
- No blogs yet have been written by the author, we’re sure the author will contribute one soon