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    • Tie Up Between HDFC Life Insurance and Airtel to Provide Life Insurance

      HDFC Life Insurance and Airtel have come together in a collaboration in order to offer a monthly life insurance cover to Airtel’s most eligible subscribers. In this collaboration, Airtel will serve as the facilitator while HDFC life insurance will be offering the coverage to applicants. You will be able to leverage the benefits of this cover only if you are prepaid Airtel subscriber. So, this in turn means that postpaid subscribers of Airtel will not be eligible for this coverage. The minimum entry age for the cover is 18 years and the maximum entry age is 54 years. The applicants for the insurance policy will also give a declaration of their good health before applying for the coverage. The offer entails an extension of term insurance to the policyholders along with a total sum assured amount of Rs.4 lakh. The policy will yield no maturity benefit upon the completion of the tenure. Moreover, in order to avail the coverage, the Airtel customer will have to recharge their phone as per the mentioned rules and cannot recharge with any of the available STV plans.

      15 May 2019

    • Importance of Customised Life Insurance Policies

      The life insurance market of the 21st century is not unidimensional and demands involvement of the aspirational audience. Penetration of life insurance in India remains at an all-time low and people continue to remain unaware about the importance of being insured. The growth in the number of sold policies is staggering as per data released by the Insurance Regulatory and Development Authority of India (IRDAI). With respect to this, the life insurance industry has narrowly escaped a negative scenario. The insurance companies and providers in India have misconstructed the ways in which information can be divulged to the millennials of the 21st century. They should focus more on selling products to the youth online, through the advancement of technology. This is a sure shot way of gaining more and more customers that would purchase life insurance policies. Since the mutual benefit connection is nonexistent between the seller and the potential buyer, the gap remains big and blatant. The recently adopted trend, however, focuses on getting the point of view of these customers, in a way so as to understand their financial and personal needs. A suitable insurance policy is then customised according to the stated needs of the applicant.

      14 May 2019

    • HDFC Life Insurance Cover Incorporated with Airtel Rs.249 Prepaid Plan

      Bharti Airtel has recently collaborated with HDFC Life Insurance in order to incorporate the life insurance cover (term insurance policy) with its all-new Rs.249 prepaid plan. This particular bundle will be launched in the market with a cover of Rs.4 lakh from HDFC Life Insurance, and it will thereafter be incorporated with the 2GB data provided by Bharti Airtel. Along with the 2GB data, purchasers of the policy/plan will also be able to make unlimited phone calls to any network along with 100 SMS messages, on a daily basis. Bharti Airtel has commented that the recharge will be valid for a period of 28 days and the policy cover up until the recharge is active. The policyholder will be required to enroll in the insurance policy post the first recharge through text message, Retailer, or My Airtel App. The insurance will thereafter renew itself automatically for consequent recharges. With this development, Bharti Airtel is basically removing all the barriers that used to exist earlier with respect to providing insurance to a very basic set of Indian population. The procedure, additionally, has also been simplified by Airtel. You can be insured by simply recharging your phone.

      13 May 2019

    • Importance of Effective Management of Life Insurance Policies

      Simply purchasing a life insurance policy does not mean your responsibilities have ended. It in fact means that it is time to enhance your base life cover with various elements that will in turn fetch you better returns. There are multiple insurance purchasers in the market who forget about their policies once the purchase is done. This approach is not recommended as a life insurance policy has much more to offer than just the death and maturity benefits. There are multiple key opportunities that a comprehensive life cover can offer. Some of them have been mentioned below:

      Life insurance riders are an intrinsic element of life insurance. Riders basically help enhance your base cover and they provide you with multiple benefits upon payment of an additional premium. Some of the common riders available along with life insurance policies are critical illness rider, family income benefit rider, waiver of premium rider, and so on.

      Depending on the kind of policy you have purchased and its surrender value, you can avail a loan against your life insurance policy for a nominal loan processing fee.

      Life insurance policies can be tailor made and can be customized to suit your needs at various life stages.

      9 May 2019

    • Determining the Type of Life Insurance Most Suitable to a Family

      If you are considering purchasing a life insurance policy for yourself and your family members, you first have to determine the kind of life insurance policy most suitable for you and your loved ones. A term insurance policy, as the name itself suggests, remains valid for a specific period of time only. The term usually ranges from 10 years and 15 years to 25 years and even 30 years. The term period will be your choice after you consider all the options and your needs and requirements. A permanent life insurance policy basically has no end date and hence lasts for the entire lifetime of the policyholder. The premiums of a term plan will be substantially lower than that of a permanent life insurance policy. This is because the coverage of a term plan expires eventually. This is the reason why most people in India prefer opting for a term plan as compared to a whole life insurance policy. However, if an individual wants lifetime coverage along with the element of savings, he/she can always opt for a whole life plan. However, the premiums will be relatively higher as compared to a term plan.

      8 May 2019

    • Chennai Declared the Most Insured Indian City

      A recent survey has declared Chennai to be the most insured Indian city, with nearly 86% of its population owning a life insurance policy. India Protection Quotient survey had recently conducted a survey wherein they took into account the penetration of life insurance in Indian cities. Chennai has come out at the top in this survey. The survey, basically, aimed to determine the policyholders’ level of preparedness in the face of medical emergencies, by understanding their term and life insurance awareness. The survey also analysed the primary and ownership fears of policyholders, their triggers, and preferences at the time of purchase of a policy. The Protection Quotient of India as a country currently stands at 35, whereas the PQ of South India stands at a higher number of 38. Amongst the South Indian cities, Chennai tops with a Protection Quotient of 42. Other competing cities in the list are Ahmedabad, Bengaluru, Mumbai, Lucknow, Vishakhapatnam, Kolkata, and so on. On top of that, a knowledge index score of 47 further shows that the citizens of Chennai are more aware about the concept of insurance. The survey goes on to state against the 65% national average of life insurance in India as a whole, South India owns more term and life insurance ownership as compared to other regions.

      7 May 2019

    • Determining How Much Life Insurance Cover You Need

      Life insurance is one of the most important financial purchases one must make in his/her life. It is through life insurance itself, that you are able to protect your family members while building a corpus for your retired life. If you are uninsured or underinsured, your sudden absence can create a major financial impact on your family members. Therefore, it is important that you guarantee their financial security during all stages of life. Today’s market is flooded with a horde of life insurance products. These are term insurance policies, Unit-Linked Insurance Plans (ULIPs), Endowment Plans, and so on. However, there are multiple aspects that you need to keep in mind while purchasing a life insurance policy. These are:

      The amount of cover you need is directly dependent on the number of financial dependents you have. Moreover, your financial responsibilities shift with time. Therefore, make sure you invest in an adequate cover, after considering factors like inflation.

      The kind of plan you need also varies from one life stage to another. For example, if you are in your 30s, it makes more sense to purchase a term insurance policy. Similarly, if you are in your 40s, investing in a pension/retirement plan is wiser as your life after retirement will be protected.

      3 May 2019

    • Importance Should be Given to Life Insurance Covers and Annuity Plans

      A vision objectively stands for a particular company’s mission or objective in the longer run. A particular vision is inclusive of an entire society or community that is further expected to make a transformation shift to a certain level of product and experience. Currently, the insurance penetration in India is at an all-time low. For the most part, this is primarily because people continue to lack awareness about the very importance of being insured. This means that a lot of this responsibility falls on the shoulders of the private and public life insurance providers of the country. They should be ones who must propagate the importance of purchasing life insurance covers. All the private and state-owned life insurance providers of the country have made their mission statement to be the most reliable and trustworthy life insurance providers of the country. Additionally, the reason why maximum Indians continue to be under-insured is because of low density in the country. These days companies and life insurance organizations have become more prudent towards providing comprehensive life covers to the Indians. However, more efforts should be made in this direction.

      30 April 2019

    • Reasons Why you Should Buy Life Insurance

      Whether you want to invest in the future of your family members via a unit-linked insurance plan or an endowment insurance plan or simply want to make sure that your family’s financial future is safe and secure, purchasing a comprehensive life insurance policy will do the needful. A life insurance policy offers more benefits than you could imagine. Apart from offering coverage and protection at times when you need it the most, a life insurance policy also provides various tax benefits under Section 80C of the Income Tax Act, 1961. If you are married and have financial liabilities, your sudden demise could spell financial danger for your immediate family members. They will be left in a position with no financial backup or support. Therefore, with a life insurance policy’s sum assured amount (death benefit, maturity benefit, and so on) it will be easier for them to pay for the financial liabilities. It is also a way to leave some form of inheritance for your family members and guarantee some form of financial security in the foreseeable future. Life insurance, more than anything, helps you attain your financial goals effortlessly and without any hassles.

      29 April 2019

    • Sales of Life Cover Grow Flat with a Rise in the Ticket Size

      Recently, life insurance companies in India have recently recorded a flat sales growth in their life insurance policies and plans for the fiscal year 2018-19. However, it has also reported that the premium incomes are heading north, which thereby indicates a sharp rise in the size of the tickets. When the financial year ended on 31 March 2019 life insurance companies in India said that the new business income grew by over 10.73% from exactly one year ago to a number of rs.2.1 lakh crore. This information and number has further been verified by the Insurance Regulatory and Development Authority of India or IRDAI. Life Insurance Corporation has also reported a steady growth in their premiums by at least 5.68% while its private counterparts have also reported a growth in their premiums by at least 22%. The number of policies that have been sold by these companies have risen by merely 1.7% during the previous year as the insurance providers were focusing on high ticket savings business. Furthermore, group cover policy purchases also grew by 40%, especially those that involved a regular premium payment.

      26 April 2019

    • Axis Bank may acquire a large stake in Max Life

      Max Life Insurance is in discussion with Axis bank to sell a large share of the business to the latter. Axis Bank is currently Max Life's largest distributor and accounts for a majority of Max Life's business. Axis Bank is also the only bank without an insurance arm. Currently, it is unclear whether Max Life is in talk with any other prospective buyers or not, however, the company had earlier rejected IndusInd Bank's proposal as they had asked for a share of 51%.

      The deal between Axis Bank and Max Life largely depends on how the industry regulators, i.e. RBI and IRDA, view it. RBI has intervened in many deals earlier where banks had planned in taking risky exposures or attempted to diversify through subsidiaries.

      24 April 2019

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    • Why Women in India Must Invest in Term Insurance

      Women in India have been found to be investing more in saving and investment instruments rather than term or life insurance policies. However, this approach is not ideal. Women need term insurance policies just as much as men in India. Term insurance policies offer multiple benefits such as death benefit upon the untimely death of the policyholder, reasonably priced premiums, and so on. It is crucial for women in India to understand that their contribution towards their families as well as the society is significant and substantial. Irrespective of whether the woman is a home-maker or has a full-time job, the value they provide to their families is important and must be preserved. Specifically, in today’s times, protecting the financial contribution that women are making towards their household is utterly and thoroughly essential. Women in India must work towards this goal and choose such financial solutions that are likely to offer them protection against various life risks. Term insurance policies help protect the family of the insured in case of emergencies and multiple contingencies. Considering the 21st century lifestyle trend, people are more likely to get susceptible to multiple diseases and medical conditions. Amidst such crucial times, owning a term insurance policy goes a long way in protecting your loved ones.

      15 May 2019

    • Importance of Customised Life Insurance Policies

      The life insurance market of the 21st century is not unidimensional and demands involvement of the aspirational audience. Penetration of life insurance in India remains at an all-time low and people continue to remain unaware about the importance of being insured. The growth in the number of sold policies is staggering as per data released by the Insurance Regulatory and Development Authority of India (IRDAI). With respect to this, the life insurance industry has narrowly escaped a negative scenario. The insurance companies and providers in India have misconstructed the ways in which information can be divulged to the millennials of the 21st century. They should focus more on selling products to the youth online, through the advancement of technology. This is a sure shot way of gaining more and more customers that would purchase life insurance policies. Since the mutual benefit connection is nonexistent between the seller and the potential buyer, the gap remains big and blatant. The recently adopted trend, however, focuses on getting the point of view of these customers, in a way so as to understand their financial and personal needs. A suitable insurance policy is then customised according to the stated needs of the applicant.

      14 May 2019

    • HDFC Life Insurance Cover Incorporated with Airtel Rs.249 Prepaid Plan

      Bharti Airtel has recently collaborated with HDFC Life Insurance in order to incorporate the life insurance cover (term insurance policy) with its all-new Rs.249 prepaid plan. This particular bundle will be launched in the market with a cover of Rs.4 lakh from HDFC Life Insurance, and it will thereafter be incorporated with the 2GB data provided by Bharti Airtel. Along with the 2GB data, purchasers of the policy/plan will also be able to make unlimited phone calls to any network along with 100 SMS messages, on a daily basis. Bharti Airtel has commented that the recharge will be valid for a period of 28 days and the policy cover up until the recharge is active. The policyholder will be required to enroll in the insurance policy post the first recharge through text message, Retailer, or My Airtel App. The insurance will thereafter renew itself automatically for consequent recharges. With this development, Bharti Airtel is basically removing all the barriers that used to exist earlier with respect to providing insurance to a very basic set of Indian population. The procedure, additionally, has also been simplified by Airtel. You can be insured by simply recharging your phone.

      13 May 2019

    • Importance of Effective Management of Life Insurance Policies

      Simply purchasing a life insurance policy does not mean your responsibilities have ended. It in fact means that it is time to enhance your base life cover with various elements that will in turn fetch you better returns. There are multiple insurance purchasers in the market who forget about their policies once the purchase is done. This approach is not recommended as a life insurance policy has much more to offer than just the death and maturity benefits. There are multiple key opportunities that a comprehensive life cover can offer. Some of them have been mentioned below:

      Life insurance riders are an intrinsic element of life insurance. Riders basically help enhance your base cover and they provide you with multiple benefits upon payment of an additional premium. Some of the common riders available along with life insurance policies are critical illness rider, family income benefit rider, waiver of premium rider, and so on.

      Depending on the kind of policy you have purchased and its surrender value, you can avail a loan against your life insurance policy for a nominal loan processing fee.

      Life insurance policies can be tailor made and can be customized to suit your needs at various life stages.

      9 May 2019

    • Determining the Type of Life Insurance Most Suitable to a Family

      If you are considering purchasing a life insurance policy for yourself and your family members, you first have to determine the kind of life insurance policy most suitable for you and your loved ones. A term insurance policy, as the name itself suggests, remains valid for a specific period of time only. The term usually ranges from 10 years and 15 years to 25 years and even 30 years. The term period will be your choice after you consider all the options and your needs and requirements. A permanent life insurance policy basically has no end date and hence lasts for the entire lifetime of the policyholder. The premiums of a term plan will be substantially lower than that of a permanent life insurance policy. This is because the coverage of a term plan expires eventually. This is the reason why most people in India prefer opting for a term plan as compared to a whole life insurance policy. However, if an individual wants lifetime coverage along with the element of savings, he/she can always opt for a whole life plan. However, the premiums will be relatively higher as compared to a term plan.

      8 May 2019

    • Chennai Declared the Most Insured Indian City

      A recent survey has declared Chennai to be the most insured Indian city, with nearly 86% of its population owning a life insurance policy. India Protection Quotient survey had recently conducted a survey wherein they took into account the penetration of life insurance in Indian cities. Chennai has come out at the top in this survey. The survey, basically, aimed to determine the policyholders’ level of preparedness in the face of medical emergencies, by understanding their term and life insurance awareness. The survey also analysed the primary and ownership fears of policyholders, their triggers, and preferences at the time of purchase of a policy. The Protection Quotient of India as a country currently stands at 35, whereas the PQ of South India stands at a higher number of 38. Amongst the South Indian cities, Chennai tops with a Protection Quotient of 42. Other competing cities in the list are Ahmedabad, Bengaluru, Mumbai, Lucknow, Vishakhapatnam, Kolkata, and so on. On top of that, a knowledge index score of 47 further shows that the citizens of Chennai are more aware about the concept of insurance. The survey goes on to state against the 65% national average of life insurance in India as a whole, South India owns more term and life insurance ownership as compared to other regions.

      7 May 2019

    • Determining How Much Life Insurance Cover You Need

      Life insurance is one of the most important financial purchases one must make in his/her life. It is through life insurance itself, that you are able to protect your family members while building a corpus for your retired life. If you are uninsured or underinsured, your sudden absence can create a major financial impact on your family members. Therefore, it is important that you guarantee their financial security during all stages of life. Today’s market is flooded with a horde of life insurance products. These are term insurance policies, Unit-Linked Insurance Plans (ULIPs), Endowment Plans, and so on. However, there are multiple aspects that you need to keep in mind while purchasing a life insurance policy. These are:

      The amount of cover you need is directly dependent on the number of financial dependents you have. Moreover, your financial responsibilities shift with time. Therefore, make sure you invest in an adequate cover, after considering factors like inflation.

      The kind of plan you need also varies from one life stage to another. For example, if you are in your 30s, it makes more sense to purchase a term insurance policy. Similarly, if you are in your 40s, investing in a pension/retirement plan is wiser as your life after retirement will be protected.

      3 May 2019

    • Importance Should be Given to Life Insurance Covers and Annuity Plans

      A vision objectively stands for a particular company’s mission or objective in the longer run. A particular vision is inclusive of an entire society or community that is further expected to make a transformation shift to a certain level of product and experience. Currently, the insurance penetration in India is at an all-time low. For the most part, this is primarily because people continue to lack awareness about the very importance of being insured. This means that a lot of this responsibility falls on the shoulders of the private and public life insurance providers of the country. They should be ones who must propagate the importance of purchasing life insurance covers. All the private and state-owned life insurance providers of the country have made their mission statement to be the most reliable and trustworthy life insurance providers of the country. Additionally, the reason why maximum Indians continue to be under-insured is because of low density in the country. These days companies and life insurance organizations have become more prudent towards providing comprehensive life covers to the Indians. However, more efforts should be made in this direction.

      30 April 2019

    • Reasons Why you Should Buy Life Insurance

      Whether you want to invest in the future of your family members via a unit-linked insurance plan or an endowment insurance plan or simply want to make sure that your family’s financial future is safe and secure, purchasing a comprehensive life insurance policy will do the needful. A life insurance policy offers more benefits than you could imagine. Apart from offering coverage and protection at times when you need it the most, a life insurance policy also provides various tax benefits under Section 80C of the Income Tax Act, 1961. If you are married and have financial liabilities, your sudden demise could spell financial danger for your immediate family members. They will be left in a position with no financial backup or support. Therefore, with a life insurance policy’s sum assured amount (death benefit, maturity benefit, and so on) it will be easier for them to pay for the financial liabilities. It is also a way to leave some form of inheritance for your family members and guarantee some form of financial security in the foreseeable future. Life insurance, more than anything, helps you attain your financial goals effortlessly and without any hassles.

      29 April 2019

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    Customer Reviews

    • Max Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I am using from last 1 year the life insurance with the MAX LIFE INSURANCE documentation process was done through the online. The customer support explained the policy details. The maturity period is for 25 years and paying the premium yearly once, coverage for self. It has the coverage of little premium higher with disability.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 19, 2019
    • Bajaj Allianz Life Life Insurance
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      I am using the life insurance policy with the BAJAJ ALLIANZ LIFE INSURANCE where the customer support and responsiveness is good also the maturity period of this policy is for long term added on that the coverage is for self with this insurance policy.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2019
    • LIC Life Insurance
      "GOOD POLICY"
      0.5 3.0/5 "Satisfactory"
      I am not sure about the name of the policy with the LIFE INSURANCE CORPORATION OF INDIA where i am using it since from last few year and the policy maturity period is for long term also it gives the self coverage. The customer support and responsiveness is good with this policy.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2019
    • LIC Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The agent came to home and collected the documents, i got the hard copy too. The maturity period is for 20-25 years, it gives the coverage for self. They provide with the no benefits after the maturity. Premium paying for monthly once. It is a trusted company so taken with LIC.
      Was this review helpful? 0
      , thane
      Reviewed on May 19, 2019
    • SBI Life Life Insurance
      "Need to improve the benefits"
      0.5 4.0/5 "Great!"
      I have a term insurance with SBI Life and it was purchased 3 years ago. I am doing payment half yearly around 8K through online. The payment mode is so much easy. I got the insurance paper. I need to pay the premium for 22 years. The benefits are average.
      Was this review helpful? 0
      , pune
      Reviewed on May 19, 2019
    • LIC Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I took Sukanya Samriddhi for my daughter and am paying the premium for last 5 years which was around 96 to 97K in a year. When she turns 25 years, I get lump some amount and for a certain years like 18,21 which matches for education and marriage. I think its 12% claim value. I would say its a very good plan. The customer service needs improvement.
      Was this review helpful? 0
      , silvassa
      Reviewed on May 19, 2019
    • SBI Life Life Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      The premium has been debited by my account, SBI is contacting me for the payment which was already made. Also have received the documents very late and they need to improve the benefits. I have a life plan and it was taken before 4 years. They need lot of improvements.
      Was this review helpful? 0
      , silvassa
      Reviewed on May 19, 2019
    • ICICI Prudential Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am most happy with ICICI Prudential, they are very transparent and the allocation value is less, they have explained everything clearly on their app. I can customized the products according to my needs. I have taken a normal policy and term plan, totally 3 policies. I got the insurance paper on time.
      Was this review helpful? 0
      , silvassa
      Reviewed on May 19, 2019
    • LIC Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      LIC have app but the navigation is not user friendly and they are not flexible, they are offering only standard policies where customer can't customize. I have taken 4 long term policies with the tenure like 25years. The policies are Jeevan anand, Sukanya Samriddhi, Jeevan Sathi. The benefits are average and the claim ratio is comparatively high on the volume they serve compared to private insurer.
      Was this review helpful? 0
      , silvassa
      Reviewed on May 19, 2019
    • LIC Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am using from last 18-19 years. The name of the policy is ENDOWMENT POLICY, maturity period is for 20 years. Coverage is for self where the premium paying for 6 months once. The customer service is good also i got the hard copy on time with this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 19, 2019
    • LIC Life Insurance
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have taken a life insurance in LIC. The policy is for 20 years. Now I am paying premium in the quarterly package the amount is sufficient as per my expectation. While getting a policy my agent has given an information about the policy details. I use to give the premium amount to an agent. The coverage is for myself and also family members.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2019
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken Life Insurance Policy through LIC agent .The agent gave all the relevant information related to the policy .The premium is paid online and iam paying through Quarterly basis .This policy is very useful and so far not faced any issues .I have got the policy documents on time .The policy is still active as well.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2019
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