ADVANTAGES OF TERM INSURANCE: Term insurance offers several benefits, making it a popular choice for financial protection. Here are the key advantages of term insurance: 1. Affordable Premiums 2. High Coverage Amount 3. Financial Protection for Family 4. Flexible Policy Terms 5. Tax Benefits 6. Riders for Enhanced Protection 7. Simple and Transparent 8. Peace … Read more
1. Medical abbreviations can make or break your insurance claim Health insurance claims can be tricky, but sometimes, they take an unexpected turn, like this one. The reason? Eg 1. Non-disclosure of AML (Acute Myeloid Leukemia), which is a type of blood cancer. Now, hereโs the catch:– The client never mentioned having cancer at any … Read more
1. What to Do If Your Health Insurance Claim Gets Rejected? So, you did everything right: But when the time came, your claim got rejected. Reason? โHospitalization was not required; patient could have been managed on OPD.โ ๐๐ณ๐ถ๐ด๐ต๐ณ๐ข๐ต๐ฆ๐ฅ, ๐บ๐ฐ๐ถ ๐ณ๐ฆ๐ข๐ค๐ฉ ๐ฐ๐ถ๐ต ๐ต๐ฐ ๐ต๐ฉ๐ฆ ๐ช๐ฏ๐ด๐ถ๐ณ๐ข๐ฏ๐ค๐ฆ ๐ค๐ฐ๐ฎ๐ฑ๐ข๐ฏ๐บ. ๐๐ถ๐ต ๐ธ๐ฉ๐ช๐ญ๐ฆ ๐ต๐ฉ๐ฆ๐ณ๐ฆ ๐ข๐ณ๐ฆ ๐ฎ๐ถ๐ญ๐ต๐ช๐ฑ๐ญ๐ฆ ๐ฏ๐ถ๐ฎ๐ฃ๐ฆ๐ณ๐ด ๐ต๐ฐ ๐ฃ๐ถ๐บ ๐ข ๐ฑ๐ฐ๐ญ๐ช๐ค๐บ, … Read more
Non-Participating, Unit Linked, Individual Life Insurance Savings Plan 1. What is this policy about? 2. How does it work? 3. Key Features 4. What happens at maturity? 5. What happens if you pass away? Example: 6. Can you take out money before maturity? 7. What happens if you stop paying? 8. Extra Benefits in the … Read more
introduction: The government introduced various incentives in the recent times to encourage the adoption of the new regime. These changes show that the government intends to have taxpayerโs transition to the new regime and eventually phase out the old one. Though the new regime is now the default tax regime, the old tax regime will … Read more
The income earned up-to โน12 Lakhs under new regime will ultimately have Nil tax liability. Here’s how! The modified slab rates for new tax regime applicable for FY 2025-2026 are as follows: Income Tax Slabs Tax Rates Up-to โน 4,00,000 NIL โน 4,00,001 – โน 8,00,000 5% โน 8,00,001 – โน 12,00,000 10% โน 12,00,001 … Read more
Individual, Non-Linked, Non-participating, Life Insurance Savings Plan 1. What is Fortune Guarantee Secure? Note: 2. How Does It Work? Note: 3. Main Features: 4. Plan Options: A. Regular Income Note: If you stop paying premiums early, the policy becomes “Reduced Paid-Up,” meaning lower benefits. B. Regular Income with Return of Premium (ROP) Note: You must … Read more
A Non-Linked, Participating Individual Life Insurance Savings Plan. 1. What is the Tata AIA Life Insurance Diamond Savings Plan? It is a Non-Linked, Participating, Individual Life Insurance Savings Plan i.e Itโs a savings + insurance plan. This means: T&C Highlight: This policy is “participating”, meaning bonuses depend on company profits and are not guaranteed (Clause … Read more
Individual, Non-Linked, Participating Life Insurance Savings Plan 1. What is the Tata AIA Life Insurance Value Income Plan? It is a non-linked, participating life insurance savings plan that offers: 2. What are the key benefits of this plan? 3. What are the available policy terms and premium payment terms? 4. What is the eligibility to … Read more