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ICICI Prudential Life Insurance Company has released their Audited Financial Results for Half Year Ended September 30, 2011 [More]
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Details of Complaints raised against Life Insurance Companies in the year 2009-2010. Category-wise list of issues raised with Life Insurance Companies [More]
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It is that time of the year when everyone is scrambling to finish the tax planning for 2010-2011. We have put together a quick guide which can help you save money by using all avenues completely. We have only listed those items which you can use right now till 31st March 2011.

For salaried people, who have already submitted their investment declaration proof for the year [More]
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IRDA (Insurance Regulatory and Development Authority), the insurance sector regulator in India has indicated that general insurance companies, also called non-life insurance companies, cannot offer credit guarantee. [More]
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KYC stands for “Know Your Customer”. Thus, all documents which are required to establish identity of an individual are called KYC documents. Generally an identity proof with photograph and an address proof are the two basic mandatory KYC documents that are required to establish one’s identity at the time of opening of savings bank account, fixed deposit, mutual fund, insurance, etc. [More]
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The principle of Utmost Good Faith is also known as Uberrimae Fides. It means that both the insurance policyholder and the insurer need to disclose all material and relevant information to each other before commencement of the contract.

Under Section 45 of Insurance Act 1938 states that if within 2 years of commencement or revival of the insurance policy, the insurer get to know that there has been a non-disclosure or misrepresentation of material facts, then the insurer can call the policy null and void. [More]
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Types of Sum Assured in ULIPs:

The Death Benefit in a ULIP is not guaranteed, i.e. the minimum payable is Sum Assured but the maximum may vary according to the fund performance.

Sum Assured is the Minimum Guaranteed Death Benefit. Having known the Sum Assured alone, gives only part of the information. When death actually happens, the Fund Value plays an important role. Since we cannot know that in advance, thus is the saying that Death Benefit in ULIP is NOT guaranteed, however the minimum Death Benefit is surely guaranteed. [More]
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The amount of money that the customer pays to purchase an Insurance Policy is called Premium. The actual calculation is a complex technical process, involving actuarial and statistical principles. Only trained professionals called Actuaries do it.

The premium paid by the customer for a life insurance policy has various components. Let us first understand the various components of Premium. Diagrammatically, the components on premium are given below: [More]
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New job in a new city – excited but all tired up packing and moving your goods. Your new company would compensate you for the costs involved in the movement also. But make sure that you insure your goods while it is in transit.

And while insuring your goods, make sure that you have listed down each and every package in the consignment and have assigned a value to the same. Do not take chances thinking that nothing would happen in the transit. Have a sheet of paper which lists down the goods in each box and the value associated with it – don’t forget to mention anything. [More]
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People in India are still not completely aware of the purpose of a Life Insurance policy even today. Investment hybrid products are sold with insurance cover with attractions like high returns and loyalty additions. Hence a lot of people end up choosing the wrong insurance policy for their needs.More...
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