“Though commissions have dropped from over 20-30% before September 2010, Ulips are still an expensive affair,” says Pankaj Mathpal, CEO of Optima Money Managers.
"Sector regulator’s new guidelines hope to address issues like claim loading, processing delays and exclusions."
Perception of risk involved and the complexity of financial products has been identified as an obstacle to taking the final step.
The fine print of tax deduction dampen the spirits of many. A borrower can claim this deduction only if the loan amount is less than Rs 25 lakh.
If you and your spouse own the house jointly in the ratio of 50:50, both can claim deductions in equal proportion.
The online channel has gained popularity among insurance-seekers in the lower income brackets, particularly those earning under Rs 5 lakh.
Floating rate loans have surged ahead of their fixed rate counterparts on the popularity charts, thanks to the substantial differential in rates.
The average premium per policy collected by life insurance companies has dropped close to 8% in FY12 over last year, a study conducted by consulting major Deloitte India has said. The survey covered nine private life insurers.
Tata-AIA Life on Friday announced the launch of iRaksha Supreme - a pure protection term insurance policy that is being offered only through the online channel.
Birla Sun Life has recently come up with Vision LifeIncome Plan, a traditional participating whole life plan.
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