LAPSED LIFE INSURANCE POLICY
What is the process of reactivating lapsed life insurance policy?Not paying life insurance policy premiums on time can lead to the policy being lapsed. This would lead to the termination of benefits and c...
- How to choose the best financial gifts for your loved ones
Gifting an investment or an insurance plan can transform the life of the recipient and is the best way to show you care. Here is how you ca...
- How to buy critical illness cover with life or health insurance policy
A critical illness cover lapses once the payment is made by the insurer. Typically, the lump sum amount is paid to the policyholder post su...
- LIC launches revival campaign for lapsed policies
Policies which are in lapsed condition during the premium paying term and not completed policy term as on the date of revival are eligible ...
- Could a financial advisor have helped you in money crisis due to coronavirus? Find out
It is only during crises like the current one that our faith in ourselves is shaken, making us wonder if we could do with outside help. If ...
- IRDAI further extends time to pay life insurance premium
Insurance Regulatory and Developement Authority of India (Irdai) has already provided additional time for payment of renewal premium in cas...
- Advantages of limited premium payment term insurance plans
Limited premium payments tackle the financial burden of paying premiums for longer durations when you choose longer coverage tenure.
- Insurance frauds: How data analytics and rigorous checks are trying to eliminate bogus claims
Bogus claims are as old as the industry itself. Despite insurers’ best efforts, fraudsters have been mostly ahead of them. But with the ris...
- Life Insurance: What has changed during the year and how it affects you
IRDAI has further simplified both traditional and ULIP products offered by life insurers.
- Why you should surrender endowment life insurance policies
Surrendering a policy would mean that a portion of the premium already paid will be refunded to you. If the policy has been in force for so...
- LIC allows revival of lapsed policy of over 2 years
Earlier, all policies taken after Jan 2014 could not be revived if they remained in lapsed condition for more than 2 yrs. To extend the ben...
- SBI Life fined Rs 4 lakh by Irdai for violating norms on protection of policyholders
Insurance sector regulator Irdai has imposed a fine of Rs 4 lakh on SBI Life Insurance Company Ltd for violating norms on advertisement and...
- Should you opt for a loan against life insurance policy?
When it comes to getting quick loans with least paperwork, loan against life insurance scores over other types of loan.
- Suicide is covered under life insurance: All you need to know
Suicide is usually covered after 12 months from the date of the purchase of the policy.
- How to fight for your financial rights
Whether it is banking, insurance or real estate, it is easy to be taken for a ride. Find out how you can protect your rights.
- Irdai proposes changes to policy revival norms; hikes surrender benefits
It has proposed a minimum death benefit of seven times for regular premium products and 1.25 times for single premium products for all ages.
- Want to surrender your life insurance policy? Here's a guide
If you are confused about what will happen on surrendering your life insurance policy, here's everything you need to know about it.
- What you stand to benefit and lose on surrendering a life insurance policy
Here are the benefits and losses you may incur at various stages on surrendering your insurance policy.
- How to revive lapsed life insurance policy
Failure to pay the premium of a life insurance policy before the due date results in the policy lapsing. However, it is possible to revive ...
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