Are you satisfied with service of your health insurance company?Do you want to try another one without breaking of current policy conditions? Then its possible now.Insurance regulator (IRDA) have announced the portability of health insurance feature to be applicable for all general insurance companies offering health insurance. Highlights Health Insurance portability: 1.If anyone have maintained…
Case Study: LIC Money Back Policy
Yesterday I received one cheque of Rs.40,000 from LIC India as survival benefit of its money back policy with sum assured of 2lac.I have bought this policy in 2001 and it was second benefit I received.I thought why not to do some calculation with some of the assumption as stated below. Assumptions: 1.Premiums paid monthly…
Senior Citizens & Mediclaim:
Agony for senior citizens is that ULIPs are being aggressively sold while no mediclaim advisor turn to them.Reason is obvious commission received for for such policies is negligible.One of our senior citizen client was searching for a mediclaim and he asked me for some help about it.There are very limited policies available for senior citizens and I…