The IRDAI has allowed insurers to issue the policy document on email and the insured can even get it cancelled within the free-look period. The life insurance rules allow the policyholder to cancel the policy within 15 days of receiving the policy document. This was, however, applicable on a physical copy of the policy document received by the insured. Now, the IRDAI has allowed insurers to issue the policy document on email and the insured can even get it cancelled within the free-look period. In a recent circular, the IRDAI states that in the wake of the emerging situation of Covid19 Global Pandemic and taking into account the feedback received from the Life Insurers expressing...
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Natural Death Insurance Policy SBI SBI life insurance is one of the key players in the insurance domain in India. The company provides a variety of insurance plans to customers like Individual plans, group plans, and online plans. All SBI life insurance plans cover death but their term insurance plans are specifically designed to cover death and not for investment purposes. SBI term insurance plans are a medium to safeguard one’s family from unforeseen financial challenges in case of natural death of the policyholder. Natural death insurance policy in SBI provides an assured sum to the family members of the deceased thereby providing financial relief in the event of the unfortunate demise...
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Online Life Insurance-Pros and Cons of buying online life insurance Life insurance is an important aspect in an individual life. A small mistake can move your family into difficult situations in your absence. While offline insurance has been traditionally working well, introduction of online life insurance in the last couple of years is helping several individuals who keep saying they are too busy or they have tight schedule and unable to buy life insurance. In this article, I would discuss about the pros and cons of buying online life insurance and various aspects which needs to be kept in mind before buying such life insurance. Important points to consider before buying life insurance...
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Are online insurance plans reliable? There is nothing to worry about while buying an online life insurance plan because the benefits you get are completely genuine and the plans are the same that are available offline, just that you can get them at a much reasonable rate and so you must take advantage of the benefits they provide, says Naval Goel N owadays, a person looking out to buy a life insurance plan gets confused with the reliability factor of online life insurance plans. There are a number of life insurance plans available in the online as well as offline market, which vary in price but are the same when it comes to the features that they offer. Confused again? People usually ask:...
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Reliance Life launches Rs 1 cr online cover plan Reliance Online Term offers Rs 1 crore of life cover at Rs 450 per month for a 25-year-old male (non-smoker) for the term of 15 years. The online life protection plan comes with a minimum annual premium of Rs 3,500. Reliance Life Insurance Company, a unit of Anil Ambani-led Reliance Capital, has launched an online life cover plan called "Reliance Online Term". "This is one of the most competitive online life insurance plans currently available in the industry, which offers Rs 1 crore of life cover for as low as Rs 15 per day (for a 25 year-old healthy male)," Reliance Life Insurance Company said in a statement on Monday. The unique...
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“You don’t buy life insurance because you’re going to die, but because those you love are going to live.” Yes, the greatest gift you can give your family, is a term life insurance plan. Your family is well cared for, even in your absence. If you are the sole breadwinner of your family, you have to make sure your family is taken care of, even in your absence. Your family must have the same lifestyle, they currently enjoy. Your children must have a good education and a great career, irrespective of what happens to you. This is a duty and responsibility, you cannot escape. A term life insurance plan is pure risk protection, at a very cheap price. You pay a premium for a...
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Bharti AXA Life Flexi Term (UIN: 130N072V02) A term plan that’s here to protect you and your family against an unfortunate event. It offers you the flexibility to choose from 3 different Life Cover pay out options so that your family's needs are always met. 4 REASONS TO BUY Maximum coverage term of up to age 85 years So that you can always be stress-free. Option to Cover Critical illness at the age of 85. You can either select the comprehensive cover (34 illnesses) or major illnesses cover (15 illnesses) or heart and cancer cover (9 illnesses) at the inception of the policy. List of Critical Illness Covered Flexible benefit payout options: You can choose any of the payout options based on...
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