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ACKO – one of the leading private insurers has launched the “Extended Battery Warranty” plan for EV (Electric vehicle) owners. The plan is developed in collaboration with OLA Electric and Ather Energy.

Insurance Regulatory and Development Authority is the regulator of the insurance industry in India. Its main responsibilities are safeguarding the policyholders’ interests and regulating the insurance industry while promoting the growth of the insurance sector.

A non-linked participating policy. Policyholders can get periodic payments on survival throughout the term. 

A money back insurance policy pays the maturity benefits similar to a traditional insurance policy, however, through multiple guaranteed “survival benefits". These benefits are distributed evenly across the policy duration. This makes a money back insurance policy an endowment plan that offers the benefit of continued liquidity.

ICICI Pru Smart Kid Solution Plan is a children’s education plan that is provided by ICICI Prudential Life Insurance. This plan can be bought by parents to secure the future of their children and support their child’s education needs.

The ICICI Prudential Guaranteed Wealth Protector Plan is a unit-linked plan with single pay and limited pay option. This plan provides a capital guarantee unlike any other ULIP plan offered by ICICI Prudential Life Insurance.

ICICI Prudential Wealth Builder II Plan is a unit-linked plan (ULIP) from the insurer. Customers can get insurance and investment benefit under this plan through any of the 7 funds available under this plan. Customers have to first select the premium and the premium tenure and the sum assured that will be enough to provide financial security for the family. 

The ICICI Prudential life insurance is a leading life insurance provider. ULIPs are among the popular insurance products offered by the ICICI Prudential Life Insurance. These are Unit Linked Insurance Plans where the customer gets the benefits of insurance and investment.

The ICICI Pru iCare II plan is a term insurance plan that can be bought to secure the financial future of a person’s family. This plan further provides additional benefits due to any accidental death of the insured person if the policy is still active during such time.

No, you can’t. Ideally, insurers want you to buy travel insurance at least a day before your journey starts. 

Foreign vacations and domestic travels have become quite a popular hobby for many Indians. There is an increased awareness about travel insurance due to this. Here are some popular credit cards that give free travel insurance benefits

Yes, you should inform your insurer about the CNG Kit as it may affect your insurance premium rates. 

Under the previous taxation scheme, motor insurance premiums were subject to a 15% Service Tax; however, under the GST, the rate is now 18%.

No Claim Bonus is a discount percentage applied to your renewal policy if you have not applied for any claim during the last policy year. 

Insurance Premium payment has seen so many upgrades in recent years. In this digital era, online payments are very common and convenient. 

SBI’s Critical Illness Insurance Policy covers 13 critical illnesses. It pays a lump sum amount when the insured is diagnosed with any one of the critical illnesses listed in the plan. 

Most insurers would cover it, but it’s always a good idea to check the prospectus of your plan to see if this coverage is included. This coverage is available in the Corona Kavach and Corona Rakshak laws, which were introduced in 2020. 

There are many different kinds of policy that one will avail of during their lifetime; health insurance, life insurance, car or bike insurance, property insurance and many more. 

One of the most important questions when it comes to life insurance is who needs to buy one. Below are some of the people who may need insurance as a safeguard for many life events

Insurance premiums are paid as per the terms of the policy agreement between a company and the insurer. Normally, companies pay insurance premiums in advance as the one-year insurance tenure rarely matching with the company’s financial year. As such, there are instances of insurance premium getting paid after the end of the financial year for a company, involving more than one financial year and getting recorded in both financial years under different account headings. 

An insurance premium refers to the amount paid by the insured when purchasing an insurance plan. An insurance plan is a valid contract between the insurer and the policyholder which entails a consideration to be paid. The consideration component in an insurance plan is also called insurance premium which could be paid monthly, quarterly, half-yearly, or yearly, or even lump-sum payment depending on the specific policy terms.

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