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IRDA makes loan on life policies mandatory
The new rules, which will be applicable from October 2024, are likely to benefit the policy holders and clarify several sore points
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Smart ULIPs now come with several advantages
How are the new ULIPs for investment, how different are they from the old ULIPs? Let us understand.
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Why Buying Life Insurance is Crucial
It is important that policyholders estimate their insurance needs based on their future earning potential, making sure to purchase tax-efficient life
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ELSS: A etter tax saving option
ELSS not only serves as an effective tax-saving tool but also offers the potential for higher returns compared to traditional tax-saving instruments
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Behavioural Finance: The Psychology of Investing
The psychology behind investing is a complex subject. Investors are driven by factors other than just rationality or an in-depth knowledge of market m
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When insurance helps tide over financial crisis
If you have traditional life insurance policies like endowment or money-back, you can leverage them to secure a cost-effective loan
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Life policies with over Rs 5 lakh premium face tax
Previously, the IT Act exempted the amount received by way of bonuses under a life insurance policy. Now, following these regulations, no life insuran
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What happens when you surrender policy?
On surrendering the policy, the policyholder gets a part of the premium paid, which is called the surrender value. In premature closure of the insuran
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Insurers get freedom to launch combo plans
Now, insurance companies can launch group unit-linked insurance plans and combo plans (life and health insurance plans) without seeking approval from
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Unsure about the right life insurance plan: Here are four easy steps to help you decide
The ever-evolving dynamics of personal finance and the shift in individuals’ life goals has stressed the importance life insurance
