Insurance

Below are the articles in this Blog that cover topics on Life Insurance and other forms of Insurance.

1. What is Insurance?
2. Insurance & Indian Income Tax
3. Life Insurance Cover – Policy Lapse & Revival
4. Do You Have Health Insurance?
5. Cashless Hospitalization in Health Insurance
6. Insurance Claims Process - Simplified
7. Bad News for Insurance Investors & Agents
8. Is Buying Insurance from Private Insurance Co.’s in India a Good Idea?


ULIPs:

The following are the articles in this Blog about Unit Linked Insurance Plans which are more commonly called ULIPs. Please click on the links to read more about them.

1. ULIPs De-Mystified
2. Can ULIPs Really Guarantee Returns
3. SEBI Bans Insurance companies from selling ULIPs
4. Are ULIPs becoming Obsolete
5. Should You Exit your ULIPs Now
6. Returns Comparison - ULIPs Vs NPS




16 comments:

  1. AnonymousOctober 9, 2011 at 5:04 PM

    Hai sir,



    i need your advice for my investment.i would like to invest LIC market plus (for next 10 or 20years{10or 20 idont know which is better} ,half yearly 2500rupees) or UTI dividend yeild MF(SIP monthly500rupees for next10years).actually one of my friend advice me to invest in lic but another one advice me to invest UTI.kindly advice me which is better for me

    ReplyDelete
  2. AnonymousOctober 9, 2011 at 5:06 PM

    Hai sir,



    i need your advice for my investment.i would like to invest LIC market plus (for next 10 or 20years{10or 20 idont know which is better} ,half yearly 2500rupees) or UTI dividend yeild MF(SIP monthly500rupees for next10years).actually one of my friend advice me to invest in lic but another one advice me to invest UTI.kindly advice me which is better for me

    ReplyDelete
  3. Anand VijayakumarOctober 10, 2011 at 8:40 PM

    @ Anonymous

    UTI Dividend yield is a good investment and LIC Market plus will give you insurance as well. So both of them are good choices.

    If you want insurance then go for the LIC scheme and if you dont need insurance, go for the UTI scheme.

    Both of them invest in the stock market so, dont expect any guaranteed returns. If the market performs nicely, you will get good returns.

    ReplyDelete
  4. AnonymousJanuary 25, 2013 at 8:39 PM

    Hi

    I dont know if this blog is active or not. Was just wondering if you could be of help. Can we get tax exemption for life insurance of our parents (Dependent). If yes, how much and under what section.
    Thanks for your help and time!

    ReplyDelete
    Replies
    1. Anand VijayakumarJanuary 25, 2013 at 8:45 PM

      Hi Anonymous,

      Yes, this blog is very much active.

      Yes, you can get tax exemption if they are dependents - you need to prove that both your parents are retired and do not have any source of income. Even if either one has any sort of income like retirement pension, house rent etc, you cannot claim exemption.

      Anand

      Delete
    2. AnonymousFebruary 1, 2013 at 2:11 AM

      thank you so much for the quick reply!

      Delete
  5. AnonymousAugust 1, 2013 at 7:18 PM

    Thanks for writing so well really appreciate the efforts.
    I have gained much knowledge form here.
    Can you tell me the role of an Administrative officer in United India insurance Company and if not specific than any other general insurance company?

    ReplyDelete
    Replies
    1. Anand VijayakumarAugust 2, 2013 at 11:21 AM

      Hi Anonymous,
      I am sorry - such details reg. what an Admin officer does in an Insurance company are privileged info which only people who work in the insurance company will know. Bloggers like me wouldnt know all those things.

      I tried a google search and it took me to this site: http://uiic.co.in/recruitment/details/3144

      You can download the pdf reg. the job and see if it helps you

      Anand

      Delete
  6. AnonymousSeptember 4, 2014 at 8:44 PM

    Hi Anand...

    I have two policies in which I have invested in two years then discontinued to invest...one is from lic and other from sbi... Its been more than three yrs I discontinued...

    Is there any way I can get some amount of what I invested in the policies ( because the total for two years is like around 30 thousand) .
    So even if I get ateast 50%... I would be more than happy...

    Please suggest.

    ReplyDelete
    Replies
    1. Anand VijayakumarSeptember 8, 2014 at 12:25 PM

      You need to contact the agent/advisor who sold you that policy. In most cases of discontinued insurance policies, you will not get much money unless you make at least 3-5 years worth of premium payments.

      Check out the policy document - The termination clause will explain how much you will get.

      Delete
  7. AnonymousJune 8, 2015 at 2:45 PM

    How will u rate the e wealth builder-- suggest to take it or not.. can u explain in brief regarding this insurance

    ReplyDelete
  8. KrishnaDecember 24, 2016 at 12:46 PM

    Hi Anand ji,
    state bank sold me SBI life Smart Wealth Builder plan in Dec 2015. It's 50k annually. Am thinking to surrender this and invest 50k in PPF or ELSS with decent gains in 3yr. I got remaining 1lakh taken care towards LIC and PF. You thoughts pls would be highly appreciated.

    Regards,
    KVenkat

    ReplyDelete
    Replies
    1. Anand VijayakumarJanuary 2, 2017 at 6:29 PM

      Check out my book on indian income tax if you want to take advantage of the 80c section investments option to build a portfolio. https://anandvijayakumar.blogspot.sg/p/books-by-this-blog-author.html

      Delete
  9. AnonymousJune 8, 2017 at 9:54 PM

    Anonomus
    Sir
    I have a D V Case against my husband to safe Gaurd my jewellery in the joint locker I want to get insured who, how, and which Co can help me

    ReplyDelete
    Replies
    1. Anand VijayakumarJune 15, 2017 at 7:44 PM

      Sorry, am not the best person to advise on such legal situations. Pls consult a good lawyer

      Delete

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