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    Bankbazaar life insurance

    Life Insurance

    Premiums as low as 18/day for
    sum assured of 1 crore
    Know more about Plans from Life Insurance companies
    Online policies with less paperwork
    Conditions apply, subject to Insurer's discretion

    Customer Reviews

    • HDFC Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I am having life insurance policy with the HDFC and the annual premium Iam paying around is 50k it depends on the market rate when your taking this policy and at the time of retrieving the same rate will be given as it is,and they have slabs for 3 years 5 years and 8 years in which we can chose what ever we want
      Was this review helpful? 0
      , vadodara
      Reviewed on May 25, 2017
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      Holding a Jeevan karol policy from LIC of India. I pay around Rs.90,000 per annum as premium, This policy has the tenure of 19 years. I will be getting around Rs.50klaks .If my husband age crosses 50 every month I will be getting 40k . Based on amount you can avail the loan as well from them
      Was this review helpful? 0
      , vadodara
      Reviewed on May 25, 2017
    • ICICI Prudential Life Insurance
      "Descent"
      0.5 3.0/5 "Satisfactory"
      I do have life insurance policy with the ICICI prudential insurance company. Its the term plan and am paying around 3000 Rupees per month and the coverage value is for 12 lakh Rupees. Customer service is good one with them and I have not faced any issues with them till now.
      Was this review helpful? 0
      , satara
      Reviewed on May 24, 2017
    • Exide Life Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I do have life insurance policy with the Exide life insurance company and the coverage value is around 3000000 Rupees and the premium is around 900 Rupees per annum, which is provided by my organization. I am satisfied with the coverage.
      Was this review helpful? 1
      , pune
      Reviewed on May 24, 2017
    • Sahara Life Insurance
      "Satisfactory Service"
      0.5 3.0/5 "Satisfactory"
      It was not very nice experience to hold the insurance policy with Sahara life insurance company .The premium which I have paid was around 2500 Rupees every month and in-between if you want you take some amount later it keep adding towards it
      Was this review helpful? 1
      , panchkula
      Reviewed on May 24, 2017
    • ICICI Prudential Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      The service provided by ICICI prudential was good and they are helpful towards the customer in the Insurance process.I have normal plan for 10 years tenure with ICICI Prudential. Every year i pay the premium of 30000 rupees.
      Was this review helpful? 1
      , panchkula
      Reviewed on May 24, 2017
    • Max Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It is like Max Newyork life and they are good. It is a market based policy and after five years they give the amount. The tenured amount is 3.20 for fifteen years of time it keep on adding the amount and you will get separate interest amount as well.
      Was this review helpful? 1
      , panchkula
      Reviewed on May 24, 2017
    • Bajaj Allianz Life Life Insurance
      "Good"
      0.5 3.5/5 "Pretty good"
      I do have life insurance policy with the Bajaj Allianz insurance company and I been with them from the last seven years of time. Premium amount is a nominal one with the and its like around 10000 Rupees. I am happy with them till now and the services are good one with them.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on May 24, 2017
    • LIC Life Insurance
      "Trustworthy"
      0.5 4.0/5 "Great!"
      I have life insurance policy with the LIC of India and I got it from them because of some faith, also its the long term plan. Return values are not care much and I got it mainly because of IT returns savings. I dont have any issues with the LIC of India. Rather than the business they are making the things to work for emotion of customer.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 24, 2017
    • SBI Life Life Insurance
      "Subha Neerasha and united link plan "
      0.5 5.0/5 "Blown Away!"
      Having a Subha Neerasha and united link plan life insurance with SBI LIFE for past 4 years. I pay the premium as Rs.28,500 per annum. I do the payment through SBI online portal , which is easy to do, They also remind the due date by sending the notification in prior. The plan benefits and the policy coverage are really good.
      Was this review helpful? 1
      , aurangabad
      Reviewed on May 24, 2017
    • SBI Life Life Insurance
      "Good builder plan"
      0.5 5.0/5 "Blown Away!"
      Holding Wealth builder endowment state bank of India life insurance for past 4 years. I pay the premium of Rs.28,500 per annum, The plan benefits and the policy coverage are really good with this policy. I pay the premium through SBI online portal they.
      Was this review helpful? 1
      , aurangabad
      Reviewed on May 24, 2017
    • ICICI Prudential Life Insurance
      "Good policy coverage"
      0.5 5.0/5 "Blown Away!"
      ICICI prudential is perfect in the customer services as they keep the customers updated about the policy and they are prompt in sending reminders for the payments. The premiums are economical. I have taken a life insurance. I need to make a payment for three years and after the fifth year I would get my returns.
      Was this review helpful? 1
      , tiruchirapalli
      Reviewed on May 24, 2017
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    Life Insurance is Rated as " Excellent!" by 12937 Users
     4.5 / 5.0   by 12937 users
    Used this product? Write a review >>

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    Life Insurance BYTES FROM OUR KITCHEN
    rated 4.5/5.0 by 12937 users
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    Useful Tips To Buy Life Insurance
    01
    Lower Premium for Early Birds

    Life insurance premiums are calculated based on an individual’s age. The younger you are, the lower the premiums charged. Buy a policy early to avail a long-term, low-cost cover to protect your immediate and extended family

    02
    Calculate Your Needs

    When estimating how much coverage you need, consider all your present as well as future financial obligations, as well as those of your dependents. Life insurance termplans are the most popular protection plans, offering high coverage at low premiums.

    03
    Brace for Inflation

    When buying term insurance plans, account for inflation! A cover of Rs.50 lakh may look sufficient today but may not cut it 20 years from now. When estimating how much you should cover yourself for, consider how rising prices will affect future financial requirements.

    04
    The Net's Your Best Bet

    Online life insurance policies are the most economical and convenient life insurance products you can opt for. By cutting out the middlemen i.e. the agents, these policies are more easily accessible and offer time-saving features like online renewability.

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    Your Life insurance premium is determined by

    01
    Your Current Age

    The younger you are, the lower your premiums will be. Premiums increase with age, as does insurer's level of risk. Make use of your youth, apply quick!

    02
    Gender

    The battle of the sexes extends to the life insurance premium battlefield too. Since women on an average live longer than men, their insurance premiums are lower by a tiny margin.

    03
    Smoking Preference

    Cigarettes? Chewing tobacco? Snuff? Insurers calculate premiums based on the risk they undertake while insuring your health, which tobacco destroys. We aren't preaching, just telling you what to expect.

    04
    Tenure of Coverage

    Insurers undertake greater risk the longer they cover you. Premiums on short-term policies are more expensive, but long-term life insurance plans have more payments.

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    How much of Life insurance coverage a person should get depends on

    (Multiplying your current annual income by 10 is a useful way to determine coverage.)

    01
    Number of Dependents

    The more dependents you have, the higher the life insurance pay-out will have to be, to take care of them after you're gone.

    02
    Your Current & Future LifeStyle Expenses

    For those you leave behind to maintain a comfortable lifestyle, calculate your expenses and get a life insurance policy with a matching pay-out.

    03
    Your outstanding Liabilities like home loan, car loan, etc

    If you're leaving your house, car and business to your dependants, you may also be leaving them your debt through unpaid house and car loans. Arrange to clear your debts, or to have an insurance pay-out large enough to clear it for you.

    04
    Your Investments /Savings

    If you're confident that you have ample savings and investments to carry your dependents through their lives without you to provide for them, choose a policy with a lower pay-out and consequently lower premiums. If not, do the opposite.

    What is Life Insurance?
    Landing Previous Arrow

    Read Life Insurance news or Enjoy it on the go Google Play

    • Karnataka Bank enters into MoU with LIC

      A memorandum of understanding (MoU) has been established between Life Insurance Corporation of India (LIC) and Karnataka Bank for the sale of insurance products. The bank has recognised that customer’s needs are changing every day and they are moving firmly in the direction of improving customer satisfaction. The bank will now be able to provide a plethora of choices when it comes to life insurance products through each and every one of the 769 branches of the bank. LIC and Karnataka Bank are two time-tested entities that have been providing top-class services and products to its large customer base. LIC is one of the largest insurance agencies in the world and has a death claim settlement ratio of 99.90%. Both companies are looking forward to the future as this partnership is set to bloom.

      24th May 2017

    • Insurance To Mostly Fall Under 12% Tax Bracket In GST, Say Experts

      Following reports collected from sources in the tax consulting space, who have been working closely on the GST reform, have revealed that the GST council is not likely to reduce the tax to 5%. Currently, insurance policies are levied with a 14% service  tax. There is also additional cess such as the Swachh Bharat Cess and Krishi Kalyan Cess which brings the overall payable service tax to 15% for policies with regular premiums.

      However, rates for insurance policies will not be hiked to 18% as both the GST council and the government are of the opinion that insurance is a savings/protection product. Higher rates will only bring down its sales.

      An official involved in the process said that if the GST rate is reduced to 5%, it will result in a huge deficit in tax collection. The committee has nearly reached a consensus on fixing the rate at 12% for insurance products. There is, however, no clarity, whether or not the rate will be different based on products or would it be universally applicable for all insurance products.

      The GST is set to become effective from July 1, 201, after which there will not be any additional cess that will be applicable on any services. Therefore, if insurance products are charged a GST in the 12% bracket, policy takers will still be paying lesser money towards tax.

      22nd May 2017

    • Centre Expecting Over 98% Renewals For Low-Cost Insurance & Social Security Schemes

      The Central Govt. is hoping for more than 98% for its inexpensive social security and insurance schemes such as the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY) during the current fiscal year. To achieve this, the government is already ready with a plan. Banks and insurers already began the renewal improvement drive in the first week of May by publicizing and spreading awareness among people about the need to maintain enough balance in their accounts to enable auto debit of insurance premiums on a timely basis.

      There are more than 12.5 crore policies which have been subscribed under these 2 schemes. Renewal premium for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY) is Rs.330 and Rs.12, respectively, which is debited during May 21-31.

      The PMJJBY comes with a life cover of ?2 lakh, valid for one year, renewable annually. It is available to all individuals between the ages of 18 to 50 years holding a savings bank account and covers death occurring due to any reason. The PMSBY scheme offers accidental death and disability cover worth up to Rs.2 lakh for partial/permanent disability for a duration of one year, renewable annually. Eligible applicants must fall within the age group of 18-70 years.

      18th May 2017

    • Axis Bank looks for an insurance tie-up

      In a bid to increase the reach of its insurance products to customers across the country and add more products to its portfolio, Axis Bank is on the lookout for another insurance partner. With the guidelines stating that a bank can have a maximum of three insurance partners, Axis Bank who already has a tie-ups with Max Life and LIC is scouting for a third insurance partner.

      17th May 2017

    • Exide Life Insurance registers 27% growth in net profit

      Exide Life Insurance has stated that the company has registered a growth of 27% in net profit which now stands at Rs.112 crore for FY16-17. The company registered a growth of 36% in the category of new business premium and a 18% growth in total premium. Kshitiji Jain, MD and CEO of Exide Life Insurance, stated that this exceptional rise in growth has been fuelled by the continued commitment shown towards its customers along with a world class array of products like protection, investment, and savings plans. The company is one of the biggest names in the insurance industry which serves over 15 lakhs customers located around the country and manages assets to the tune of Rs.11,000 crore.

      12th May 2017

    • HDFC Life to work on merger with Max Life

      Despite plans of the merger between HDFC Life and Max Life reaching the surface almost 9 months back, no regulatory has been passed. To speed the process, Keki Mistry, the CEO of HDFC Life has announced that they will go back to the rudimentary stages of the merger to make it a possibility. Based on a report, the CEO said that they will have to relook at the complete structure and see merger directly between HDFC Life and Max Life. The proposed structure was suggested because by doing so, HDFC Life gets listed by merging with Max Financial Services.

      10th May 2017

    • The New POS Life Insurance Product by Edelweiss Tokio Life Insurance

      Edelweiss Tokio Life Insurance on Friday launched its over-the-counter life insurance product in India. The product known as POS Saral Nivesh is a non-linked, non-participating, endowment plan which comes with the benefits of life protection and savings. You can opt for POS Saral Nivesh by a paying a minimum monthly premium of Rs.1,000 or an annual premium of Rs.5,000. The sum assured offered under the plan can range from Rs.50,000 to Rs.10 lakh. According to the company, POS Saral Nivesh is the first insurance product to be approved by IRDA after introducing the guidelines on Point of Sale Life Insurance Products.

      9th May 2017

    • DPLI Registers PAT growth of 21% at Rs. 61.4 Cr in 2016-17

      DHFL Pramerica Life Insurance (DPLI), one of India’s major insurer, recently announced a 21% growth in profit after tax (PAT). The corresponding profit figure stood at Rs 61.4 crore for the fiscal year 2016-17 as compared to the PAT figure of Rs 50.8 crore in FY16. The company’s Gross Written Premium (GWP) rose by 24%, stopping at Rs 1,142 crore in FY17 as compared to Rs.920 crore in last financial year. The insurer’s Collected New Business Premium (NBP) also increased by 20%, touching a figure of Rs 874 crore as compared to Rs. 727 crore in the last financial year. DPLI’s asset under management (AUM) increased by 31%, touching a figure of Rs 2,707 crore in 2016-17 as compared to the AUM for 2015-2016 which stood at Rs 2,072 crore.

      Commenting on the figures, Mr. Anoop Pabby, MD & CEO at DPLI said that DPLI had performed very well across all areas like quality, customer centricity, growth and profitability. He added that the results are no surprise given DPLI’s ‘commitment towards building a customer-centric culture, a sharply segmented approach to distribution, investments in digitization and technology and launch of innovative and relevant products.’

      5th May 2017

    • SBI Life Insurance Sees 31% Rise in Net Profit

      SBI Life has recorded a growth in its net profit by 31% in Q4 of FY 2016-17. It’s net profit stands at Rs.336 crores, a sharp rise from the same quarter’s profit last year of Rs.256 crores. SBI Life’s individual new business premium (APE) also climbed up by 40%, indicating a profit of Rs.2,213 crores in Q4 of FY 16-17. For the same quarter last year, SBI recorded Rs.1,586 crores. Being one of the most trusted insurance companies in India, SBI Life Insurance has been able to round up a huge customer base. The company became the first private life insurer to go beyond the Rs.10,000 crore mark in New Business Premium. MD and CEO of SBI LIfe, Mr. Arijit Basu, stated that the last quarter for FY 2016-17 was excellent in terms of business and quality.

      4th May 2017

    • Life Insurance companies witness growth in digital payments for premiums

      Following the demonetisation of high-value tenders by the Modi-led Government on Nov 8, 2016, Life Insurance companies across the country have experienced record premium sales through digital payments or non-cash payments. Swiftly aligning with the vision of the government - the digital or cashless drive - insurance companies have given customers the opportunity to make online payments for their premiums. According to a source, digital payments have risen from 55%-60% to 75%-85%. According to an insurance executive, the growth has been seen largely in urban areas but the convenience of digital payments for premiums is rapidly taking a grip over rural areas as well.

      3rd May 2017

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