Category: Insurance

One can get Loans from Life Insurance Policies

• Granting Loans Loans may be granted under most of life insurance policies. For loan, a policy need not be a compulsorily in – force for full sum assured. Rules regarding permissibility of loan vary from insurer to insurer. However,…

What is ‘Assignment’ of Life Insurance Policy?

‘Assignment’ of life insurance policy means transferring the policyholder’s rights to someone else. Only the policyholder who had the right or title to the policy can make assignment. The person who makes assignment is called ‘assignor’ and the one to…

Popular Life Insurance Plans

Popular Life Insurance Plans are given below : 1.Term Assurance Plans This is the cheapest form of life insurance. The sum assured is payable only on death during the policy term. No death then no payment. Available variants of term…

Basic Elements and Features of Life Insurance

Basic Elements of Life Insurance Primary purpose of Life Insurance is to give financial protection against : 1. Risk of an early death and 2. Risk of living too long Therefore, all Life Insurance products has two basic elements :…

Secure Your Family’s Future With Term Insurance

Secure Your Family’s Future With Term Insurance To see the smiles on the faces of our loved ones by providing them with the things they need, we work so hard every day. With this, also the thought of the uncertainties…

Importance of an Insurance for an Individual

We always wants to secure our lives by earning money, because money gives us power to purchase goods and services. In good time we never think about financial loss. Financial loss may occur any time without giving us notice of…

Fire Insurance Basic Principles & Add On Covers

Fire insurance business has been defined in Section 2 of the Insurance Act, 1938.The subject matter of fire insurance may be any kind of moveable and immovable property having pecuniary value. Fire insurance contracts are governed by the general law…

You can Take a Policy Loan from Your Life Insurance Company

Policy loan or loan against a life insurance policy could be an easy way to handle financial emergencies. Contact your life insurance company now!             Policy Loan: A Feasible Way to Tackle Financial Emergencies “It…

Insurance Terms and Definitions

3rd Party Insurance: Motor third-party insurance or third-party liability cover, is called as ‘third-party’ cover since the beneficiary of the policy is someone other than the two parties the car owner and the insurance company involved in the contract. Absolute…

IC-33 Chapter-5 : Life Insurance Products I

Overview of life insurance products:– Life insurance is an intangible product where the customer is made to understand feature and returns of it. Life insurance products offer protection against the loss of economic value of an individual’s productive abilities. it…