If the primary borrower dies/declares his inability to pay off the debt, banks have the right to approach the guarantor to repay the leftover amount
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Mortality charges depend on the sum assured minus the fund value. This is also known as the sum at risk
With creative ideas and effective ways of communication, insurance has become a familiar concept amongst internet users
The Aarogya Setu App's official Twitter handle published a step-by-step guide to link one's passport details with vaccination certificates.
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FDs normally have been destroyers of purchasing power though it’s the most popular form of savings and investment for the majority of people.
For claiming deduction for pre-construction interest, the construction should be completed within 5 years from taking the loan
Ideally the claim process should settle within 30 days of acceptance, it may take long in case any document is missing.
In health insurance, a no-claim bonus is primarily the money added to the sum insured for each year without a claim.