Minimum Sum Assured/Death Benefit is the amount which your beneficiary will receive if you die during the policy tenure but have you ever though what minimum sum assured should be? The answer to this question can be answered by looking at your family expenses or your family … [Read more...] about What is the Minimum Sum Assured in Life Insurance Policies?
Insurance Regulatory and Development Authority
Once again Life Insurance Corporation of India (LIC) has topped the list with the Highest Claim Settlement Ratio of 98.14%. These data are declared recently in the Insurance Regulatory and Development Authority of India (IRDA) Annual Report for the year 2013-14. What does Claim … [Read more...] about IRDA Claim Settlement Ratio 2013-14, LIC topped again with 98.14%
Today?s Era is of customer satisfaction, no industry can get on the path of growth without satisfying their customers. Customer wishes to test the product before going for it. This thumb rule also applies to the Insurance Industry. There is a time period of certain days mandated … [Read more...] about Don?t like Insurance Policy? Cancel it within Free-Look Period