As per LICs tradition to launch new products in Feb & March,LIC has come up with a new product LIC Jeevan Sugam.Few days back only LIC was come up with couple of new products Viz.Jeevan Nidhi & Flexi plus & now a single premium plan, Jeevan Sugam. This is a single premium plan which is available for…
IRDA New Regulations For Health & Life Insurance:
Last week Insurance Regulators have approved few important regulations for insurance companies.These regulations are summarized as below: IRDA have approved new regulations for health insurance companies.As per new guidelines all health insurance policies will now provide for entry age of upto 65 years & will not have any exit age for renewal,if policy is continuously…
Surrendering Insurance Policy Without Any Concrete Plan -It means Cure is worse than the disease:
Starting with disclaimer that I am not related to any insurance company,consider my couple of real time experiences ..of course names used are arbitrary. Rajesh was paying Rs.80,000 annual premium towards his endowment plans.When he find all his policies are not going to offer him great returns then he surrendered all in mid 2009.But he…