Claim Settlement Ratio is widely used for comparing companies when buying Term Insurance. This data is published by IRDAI on a yearly basis. In this article, we’ve compared how each company stands on this measure for death claims settled in the year 2015-2016. Don’t forget to read some of the important disclaimers associated with using this measure as an evaluation tool – it will give you a clear perspective before you make the decision on the term insurance plan of your choice.
Health insurance planning is for a lifetime. Relying on your employer’s health insurance plan is not so bad. It’s ‘free’ after all. But most group plans fall short on addressing needs for our parents, and also when you retire, leaving us in the lurch at 60 evidently staring at the next 25 years or so without any health cover for us and our spouses. Check this article to find out why you shouldn’t rely on your company’s group health plan alone.
National Pension Scheme (NPS) has gained popularity and its funds have performed extremely well since its inception. Some of the fund have even beaten Mutual Fund benchmarks. Check out NPS returns and find out the best funds across all asset categories – Equities, Corporate Debt Bonds and Government Bonds.
Section 80D gives tax benefits up to a limit of Rs. 60,000 on health insurance or medical insurance/mediclaim policies including the premium paid for family and parents. Now it is easy to get these benefits online. Find out how.
The introduction of Sec 194DA meant paying taxes on proceeds from life insurance policies which do not fall under Sec 10(10(d)). This article, with the help of illustration, explains how to calculate taxable returns from a life insurance policy (single premium or otherwise) in which TDS is deducted by the insurer before payout of maturity proceeds.
A cancer insurance policy protects us from the financial impact from the occurrence of cancer. What is really surprising is that in spite of the well-know fact that it is a killer disease that can drain family finances, many of us continue to be exposed to the risk. Are you cancer-prone? Find the answer to that here, and also understand how a cancer insurance policy costing as little as Rs. 1,500 per annum for Rs. 40 lakhs of cover can help you hedge the risk of contracting cancer.