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Life insurance for different categories:
LIFE INSURANCE FOR HOME LOANS: It is a dream of every person to own a house of your own. If an individual is a young professional who has just started out, one of the best ways that he/she can fulfill his/her dream of purchasing a house for himself/herself is by taking a home loan facility. […]
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Benefits of life insurance premiums
VARIOUS PRINCIPLES BEHIND THE LIFE INSURANCE PREMIUM……. Life insurance, in its current abstract is based on the various number of principles. These are modified and adapted to the market, ensuring that insurance companies can easily make a profit, while offering protection to the insured individuals. Individuals can say that there are four major principles applied […]
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How to Save Tax on Life Insurance Policy?????
The life insurance policy, in addition to provide the policyholder and his/her dependents financial coverage, can help one to save on tax payments. The different tax advantages offered by life insurance plans, under the Income Tax Act, 1961 Premiums that are payable towards the life insurance policies are eligible for tax reductions under Section 80C […]
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Types of life insurance plans
DIFFERENT TYPES OF LIFE INSURANCE POLICIES AVAILABLE IN INDIA….. In India, Insurance is regulated by the Insurance Regulatory and Development Authority of India. As on March 2018, the India had 54 insurers, with 24 of these offering life insurance products. These insurers offer a different range of products, which can be differentiated into six (6) […]
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Life Insurance Policy
EXACTLY WHAT LIFE INSURANCE IS??????? Life Insurance is a contract between an individual and an insurer, where the insurer guarantees to make the payment of certain sum of money, in case of the insured individual’s death and at the end of a pre-determined term policy. Today about 22,500 people lose their lives every day in […]