Review - ICICI Pru iProtect Online Term Insurance

I have always emphasized about having a term Insurance in your portfolio in my earlier post as it offers High Coverage at much lower cost as compared to any other Insurance products like ULIP and Endowment plans. 

In the term insurance segment, you all must have heard about Aegon Religare I-Term Plan, a revolutionary product which was launched last year offering Online term insurance at really lower cost as compared to other products available in the market. Those who have not heard please refer to my Post Lowest Premium Term Insurance Policy in India

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LIC Jeevan Saathi Plus: Table No. 197

LIC’s Jeevan Saathi Plus is a unit linked plan wherein a couple can take the insurance cover on their lives under a single policy. The proposer under the plan shall be called Principal Life Assured (P.L.A.) and the other life (wife/husband) shall be called Spouse Life Assured (S.L.A.). The premiums can be paid either in lump sum (single premium) or regularly throughout policy term. The P.L.A. can choose the level of cover (Sum Assured) for both lives within the limits, which will depend on whether the policy is a Single premium or Regular premium contract, age and the amount of premium agreed to pay. For regular premium policies, in case of death of the P.L.A. during the term of the policy, the plan also provides for waiver of all future premiums including outstanding premiums, if any, provided life cover is in force.

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LIC Jeevan Bharathi - I Table No. 192

LIC’s Jeevan Bharati-I – is a plan exclusively for women. It is a with profit plan having special features considering the needs of women. The plan also provides for Accident Benefit, Critical Illness Benefit and Congenital Disability Benefit as optional Riders

1. SPECIAL FEATURES

1. Encashment of Survival Benefit as and when needed:

The policyholder at her option may avail the survival benefit any time on or after its due date. If opted to avail later, increased survival benefit at the rate decided by the corporation from time to time will be payable. 

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IRDA starts Nation-wide Grievance Call Center for Complaints against Insurance Companies

Are you having a problem with Claims or other issues with an insurance company and your insurer is not paying any attention to your complaint?For those facing problems with life insurance claim settlements, better times are here as IRDA (Insurance Regulatory and Development Authority) has started a new service where you can approach by phone or E-mail. You can now approach the IRDA on its toll-free number or on the contact numbers of special Designated Officers which is available on a click. 

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Twelve steps before buying an Insurance policy

Insurance is one of the most important aspect of financial planning, which takes care of the Risk part. However it is really difficult to understand which Insurance product is most suitable according to our needs as well as stages in our life. Most of us rely on the expertise of their Insurance advisor, broker, or sales representative to help us make the right decision. It would not be advisable to rely totally on the advise of Insurance agents/Representative as Insurance is a push based product and the product in which agents/representatives get is generally advised by them.

Here are some steps you can take to ensure you get the right product for the right price:

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Looking for Higher Health Insurance Cover: Here comes Top-up Insurance cover.

In the times of rising medical costs the perfect health protection for you and your family it is important that you have adequate health insurance cover for your family. Although most of us already have cover upto 5 lacs by paying hefty premiums we have never thought of opting for health insurance cover of 10 lacs, 15 lacs 20 lacs and so on.

Since most of the insurance companies offer health cover only upto 5 lacs, buying 4 insurance cover of Rs 5 lacs each will turn out to be a very costly proposition. Here come new type of Health insurance cover " Topup insurance cover" In which you can take topup insurannce cover upto 15-20 lacs by paying fraction of premium which you will have to pay by taking 4 insurance cover of 5 lacs each.

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