by Vidya Kumar | Oct 25, 2016 | insurance, Vidya Kumar
Executive Summary – Insurance products can be surrendered. The surrender value is calculated based on premium, sum assured, number of premiums and bonus. Surrendering an insurance policy has tax implications like reversal of deductions claimed in the...
by Vidya Kumar | Aug 26, 2016 | financial planning, insurance
Executive Summary – Risk management is an integral part of financial planning. You can manage risks by avoidance, transfer, mitigation or acceptance. We face numerous risks related to life, health, property etc. Insurance is an important aspect of risk...
by Vidya Kumar | Aug 11, 2016 | insurance, Vidya Kumar, women
Bringing a child in the world is an important decision. It is imperative that the mother and the new born get quality medical care. This means high costs. Some insurance plans cover maternity but insurance companies are in the business to make profits. So they play it...
by Vidya Kumar | May 30, 2016 | insurance, Smitha Hari
A Term Insurance plan is the best form of life insurance compared to endowment plans or ULIPs, as you can get a high cover for a low price. This is because the entire premium you pay goes towards covering the risk and there is no investment component. Buying...
by Vidya Kumar | Feb 11, 2016 | insurance, Vidya Kumar
Area Life (in USD Billion) Non-Life (in USD Billion) Total (in USD Billion) World 2654.55 2123.7 4778.25 Download PDF * Source – IRDAI Annual Report 2014-15 Non-Life Insurance 2.9 4.8 If this has to be visualized in actual figures, here is...
by Vidya Kumar | Nov 12, 2015 | insurance, Smitha Hari
Executive Summary: Insurance costs can constitute quite a significant part of your annual expenses, if not considered carefully. Some ways of reducing your cost of insurance are by comparing before purchasing, opting for online policies and annual payment frequency,...
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