Category: Insurance

IC-33 Chapter 1 : History of Insurance in India

Origin of insurance can be traced to Llyod coffee house ( Marine Insurance); Amicable Society for Perpetual Assurance in 1706 London considered as First Life Insurance company. Modern insurance in India began in early 1800 began with agencies of foreign…

Personal Accident Insurance

Personal accident insurance covers death or disablement to the insured person, arising out of accident. Personal Accident policy may be renewed by mutual consent every year and in such event, the renewal premium shall be paid to the company on…

Impact of Union Budget 2016 On Health Insurance

The Union Budget 2016 focused more on improving the healthcare and education of people. Senior citizens underwent a lot of trouble in the recent years as the health insurance cost were skyrocketing and so were the premiums. The current budget…

The Do’s and Don’ts of Life Insurance You Must Know

Life insurance is a contract between a consumer and insurance company that offers some kind of protection to the insured, at a cost. Under the agreement, the insurer agrees to pay a certain amount to the beneficiary in case of…

Third-Party Motor Insurance – Mandatory

The Motor Vehicles Act makes Motor third-party insurance mandatory for all vehicles plying on Indian roads and has to cover liability arising from third-party claims due to accidents.  Third party motor insurance covers the liability from damage in the form…

Insurance Protection for Tech Savvy Women

We live in an era that has seen women performing admirably in all walks of life. They match men in every step of the way while pursuing career goals. Walk into any office and you will see a significant amount…

Unit Linked Insurance Plan (ULIP) – ‘Benefit Illustration’ (BI)

Unit linked insurance plan (ULIP) is a mix product which provides both insurance and investment option. It provides life insurance and also invests your money into various market-linked assets for meeting long-term goals such as funding children’s education and marriage,…

Know the Health Insurance Jargon

Read on to know the important health insurance terminologies that you should understand before buying a medical insurance plan. Health Insurance Terminologies You Must Understand Before Buying a Plan Over 60 percent of urban women are vulnerable to heart disease,…

How Life Insurance in India in India Saved a Family

Life insurance coverage helped a family maintain their standard of living after the death of the earning member. Read the story here. Life Insurance Helped Saved Her and Her Kids – A Truly Touching Story Life insurance coverage in India…

A financial plan for the family in case of uncertainty

You cannot exercise much control over the course of your future. But you can certainly safeguard your family’s interests with term insurance. Is there ever anything in your life that you are in complete control of? The old adage, ‘Man…