Have you ever thought of the financial burden your vehicle insurance incurs regardless of the vehicle’s usage? What if you take your car out of the garage only once a week for a short drive. Effectively, less car usage means lower possibility of collision and therefore, leads to fewer insurance claims. This should, ideally, incentivise the … Read more
Term insurance plans are usually meant to provide financial security to the policyholder’s dependents and kin in the unfortunate scenario of policyholder’s demise. Some subscribers, however, don’t subscribe to the idea of a vanilla term insurance plan since there is no provision of return of their investment. Consequently, some policyholders opt for the ULIP (Unit … Read more
Experts guide these strained souls on how to manage their finances to care for their parents, support their kids and tide over for themselves too. “Generation S or the Sandwich Generation is perhaps living in the most precarious of financial conditions; as they are encumbered with taking care of their ageing parents, and children. Another … Read more
The document, named “Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations, 2024″, brings together eight separate regulations into a unified and comprehensive framework. Extended free-look period The free-look period for reviewing policies will be extended to 30 days from the date of receiving the policy document, … Read more