What is a bank on its own ®? Insurance Pro Blog

What is a bank on its own ®?  Insurance Pro Blog

Bank on Yourself® Pam is a construction of Yellen and is a process of using whole life insurance to finance major purchases. Claims made by Bank on Yourself® suggest that following the program will reveal hidden money secrets planted by savvy investors and business people. But does it work? We get a fair number of … Read more

Jeevan Akshay VII (857) – All details with calculator – Insurance Fund

Jeevan Akshay VII (857) – All details with calculator – Insurance Fund

Jeevan Akshay VII (Scheme 857) is an immediate annuity (pension scheme) from LIC of India. The scheme, which is the successor of Jeevan Akshay VI, replaces the immediate annuity option of Jeevan Shanti (Plan No. 850) with effect from 25 August 2020. Jeevan Akshay is a non-linking, non-participation, individual immediate annuity plan to be precise. … Read more

LIC Bonus Rates 2020 – 2021 | All details with illustration – Insurance Fund

LIC Bonus Rates 2020 – 2021 |  All details with illustration – Insurance Fund

In addition to allegiance Are paid As a time benefit In some policies in return A Simple Reversion Bonus (SRB). The main difference is that, unlike ordinary reversionary bonuses, which form a part of the policy benefits and when it is announced, only the policyholder will be available in addition to loyalty at the time … Read more

E-Insurance concept and benefits

E-Insurance concept and benefits

The digital age is advancing at a tremendous pace and almost everything is now available online. When it comes to your important documents, there is an online locker, called Digi Locker, in which you can store all your important documents. Even for your insurance policies, the Insurance Regulatory and Development Authority of India (IRDAI) started … Read more

Health insurance solutions for all ages

Health insurance solutions for all ages

According to you, what is the right age to buy a health insurance policy? Many of you believe that health insurance is needed when you are older because this is the age when you are suffering from most diseases or illnesses. However, the fact is quite different from this assumption. A health insurance policy is … Read more

Do you know what positive initiatives IRDAI took in 2020?

Do you know what positive initiatives IRDAI took in 2020?

The Insurance Regulatory and Development Authority of India (IRDAI) takes into account the interests of policyholders while framing regulations. The apex body constantly tries to make positive changes in insurance policies so that you can benefit from better coverage. IRDAI also underwent several changes in 2020, some for the COVID epidemic and some others to … Read more

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