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After retirement, the employees gets the PF money. This account holder also gets life insurance cover up to Rs 7 lakh and that too absolutely free of cost.
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To beat inflation, a multi-year health insurance policy is a good option. The policy holder generally needs to make a lump sum payment for a three-year policy.
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But do you know, the facilities provided in policy may differ according to your address. So, if anytime during the discharge of a family member from hospital, you are asked to pay a certain amount of the bill, it could be because of this parameter.
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The regulator also said that from end-September, they would allow systematic withdrawal, a feature that would enable depositors to withdraw funds at pre-determined intervals from their National Pension System
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Insurance is also available with the train ticket for just 35 paise
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The road to getting your rightful claims, even if you have all your insurance papers and documents in place, is a long, arduous one
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The increase in demand for life insurance policies came mainly towards the end of the fiscal year, with private life insurance companies emerging as winners.
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The corporation has eased the process of claim settlement for the victims of the rail tragedy at Balasore
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Insurance regulator IRDA has received applications from 20 companies for approval. About a dozen of these insurance companies are expected to start business this year.
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There are now 25 companies in the life insurance business and 34 in the general insurance sector in the country.
