Category Archives: Insurance

Travel Insurance

By | June 27, 2013

What is Travel Insurance? Travel Insurance is the product which gives insurance protection while on international or domestic tour as described in the policy document. It covers various risks associated with travel like accidents, medical expenses, thefts like baggage or passport, loss due to flight delay etc. Why Travel Insurance? Travel Insurance is mandatory to… Read More »

Ways to redeem declared bonus

By | June 22, 2013

Most of the insurance policies provide various choice to receive the declared bonus.  Usually the major ways to receive the bonus are  1. Adjust with payable premium. Declared bonus can be adjusted with premium payable. For example, if the premium is 10000 and bonus available is 4000, the customer shall pay only 6000 to the… Read More »

What is a Bonus in Life Insurance?

By | June 22, 2013

Bonus is the cash value added as a percentage of sum assured to a participating life insurance policy. There are different types of bonuses.  They are usually declared at the end of the year. They are issued out of the surplus  arising out of investment made by the company after making due allocations to various account heads. Bonus once… Read More »

What is the right age to take an Insurance cover?

By | June 22, 2013

The straight answer is, as soon as one starts earning, that is the time one has to take an insurance to cover his/her dependents against any financial loss they suffer in case anything happens to his or her life. Human are an income earning asset. In case of his loss, family will suffer emotionally and… Read More »

What to do in case of complaint against your insurer?

By | June 20, 2013

If you have any issues with your policy, you can approach the company’s local office and register a complaint with them. If you are not satisfied with the solution provided by them, you can contact the insurers Grievance Redressal Cell. You can find the contact details of Grievance Redressal Cell of all life insurers and… Read More »

IRDA online Complaint registration website

By | June 20, 2013

If your Insurance company is not listening to your problems, you can register your complaint with Insurance Regulatory and Development Authority(IRDA) online through its Integrated Grievance Management System by logging in to the website at IGMS (

Can proposer claim tax benefit?

By | June 16, 2013

Yes. Because he is the payer even though life assured is a different person. The premium receipt also given in the proposer’s name. So he is entitled to claim tax benefit as per law at the time of filing. But life assured cannot claim tax benefit if proposer is different.


By | June 12, 2013

What is a Rider in InsuranceRider in Insurance is the option if exercised will give additional benefit apart from the policy’s basic benefits. . Every insurance policy offers the customer, variety of riders. The customer can choose any one or many rider as per his wish. For every additional rider picked, the customer has to… Read More »