Insurance Policies

  • LIC to stop selling 34 life insurance policies in December December 1, 2013

    Insurance giant Life Insurance Corporation (LIC) has decided to stop selling as many as 34 policies, including Jeevan Anand, Jeevan Madhur and Jeevan Saral, to comply with new regulatory guidelines. These policies are withdrawn in December as they are not in conformity with the provisions of new regulations on non-linked insurance...
  • Provide health cover up to 65 yrs: IRDA guildelines June 1, 2012

    New Delhi: All health insurance companies will now have to provide health insurance to citizens upto the age of 65 and settle all claims within a month. According to the new regulations by the Insurance Regulatory and Development Authority (IRDA), there will be no exit age for policy renewals and all...
  • Wealth: What if you don't buy insurance? November 23, 2009

    "Does my family really need Rs 2 crore on my death?" When I suggested Rs 2 crore as sum assured for a customer, this was his immediate reaction. Typical of us, I thought. When a sales person gives us a product/scheme our first thought goes to the 'commission' he or she...
  • Insurance can make post-retirement life better: experts October 13, 2009

    Amit Sabharwal wants to get his financial goals in place. He has made quite a few investments for various needs of his life but is now confused in how to go about planning his retirement. Our expert solves his dilemma. Q. I am 33 years old and my spouse is 32....
  • Govt eyes 1,120 cr via divestment July 6, 2009

    New Delhi: The Government announced increasing people's holding in public sector undertakings through the disinvestment programme, but said it would retain at least 51 per cent equity in these enterprises and would keep the banks and insurance companies under its control. Finance Minister Pranab Mukherjee proposed estimated disinvestment proceeds of Rs...
  • Car insurance: I paid 100 pc premium, got only 40 pc claim May 12, 2009

    These days, less seems to be in. Less flab (even babies are fit!), less clothes (think skimpy outfits), less food at outrageous prices, even less petrol now that we are have battery operated cars. But less is not always good. After working hard and saving, Pradeep Vazirani bought his dream Sports...
  • New pension plan to benefit private firm employees May 2, 2009

    New Delhi: The Government has now opened up its New Pension scheme to all between the ages of 18 and 55. It promises returns of over 14 per cent and offers the lowest fund management charges in the world. This is particularly relevant if you are employed with a...
  • New parent? Think money now March 13, 2009

    Babies are fun. Their toothless smiles, tinkling gurgles and endless squeals are uplifting. But their diaper changes, sleepless nights and endless crying might not quite be so uplifting! What might worry you, though, is a whole world of finances to work out. (No wonder today's young parents have fewer kids or...
  • Life insurance companies pump crores into equity September 20, 2007

    New Delhi: The rising equity market has attracted the fancy of life insurance companies. Having pumped in over Rs 1,50,000 crore into the equity markets till now, life insurance companies are inching their way up to becoming the largest institutional investors. LIC the largest life insurer contributed about 75% of...
  • Insurance policies are bad investments, why? July 1, 2007

    New Delhi: More often than not, insurance policies do not make efficient investment products. There are a host of other options available, which can do a better job. Hence the question – should I surrender my old policies or not? If insurance was a good investment product, I am sure...