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Life Insurance, Simplified.

Premiums as low as 18/day for
sum assured of 1 crore
Know more about Plans from Life Insurance companies
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Conditions apply, subject to Insurer's discretion
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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?
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Read Life Insurance news or Enjoy it on the go Google Play

  • JetPrivilege Members To Be Insured By HDFC Life

    JetPrivilege members will be covered under a unique one year life insurance policy in association with HDFC Life. The policy is available exclusively to JetPrivilege members, who can apply for the policy online.

    The policy offers a number of benefits such as a choice of coverage (either Rs.50 lakh or Rs.75 lakh) at very affordable premiums. In addition, the policy will be provided without medical tests.

    The term plan will cover policyholders for 365 days and the cover amount will be determined by the membership tier level as part of JetPrivilege loyalty program.

    The partnership between HDFC Life and Jet Airways is the first of its kind for the airline, and it is confident that the life insurance plan will receive support from its loyalty membership customers.

    5th December 2016

  • Edelweiss Tokio provides Rs.1 crore cover to Indian Paralympic medal winners

    Edelweiss Tokio Insurance Company has provided a life insurance cover for every Indian paralympic medal winners from Rio 2016 Paralympics contingent.

    These athletes include Mariyappan Thangavelu, Varun Singh Bhati, Deepa Malik, and Devendra Jhajharia. They were all facilitated at the “Edelweiss Titans” event, an awards and recognition program to facilitate over-achievers within the group.

    The company had announced that it would be the first and only sponsor for India’s Paralympic team at Rio De Janeiro, Brazil.

    Rashesh Shah, Chairman of Edelweiss Group, spoke on the occasion and spoke proudly about the medal-winning athletes and stressed on the fact that these athletes, despite facing numerous hurdles, went on to win a medal for the country.

    The athletes too were happy with the recognition and were happy to be facilitated for their achievements in a land where cricket and bollywood are the only two things people seem to care about.

    2nd December 2016

  • 12% Increase in Products Offered by Life Insurance Companies

    The life insurance sector at the end of October 2015 had a total of 610 products in its portfolio, and that number has risen to 685 in October 2016, marking a 12.3% increase in the number of products made available to customers. This information was released by the Life Insurance Council, which revealed that the number of products so far as the private sector was concerned was 579 last year, and has currently grown to 650 in 12 months’ time. India’s biggest insurer – Life Insurance Corporation of India also witnessed a rise in the products offered, jumping from 31 to 35 in the space of a year.

    Between individual insurance products and insurance policies designed for groups, the former recorded a faster growth rate as the number of individual products rose from 451 to 518 between the October of 2015 and the October of 2016. A marginal increase was recorded with group products, as they rose from 159 to 167 in the space of a year.

    1st December 2016

  • PCMC Enables School Students to Avail Insurance Cover

    It is reported that more than 40,000 students will now be eligible for the scheme wherein parents will receive Rs.1 lac in case of the accidental death of their child on campus. Starting from Academic Year 2017-18, the PCMC (Pimpri-Chinchwad Municipal Corporation) will provide insurance cover to primary as well as secondary school students until they have completed their education. PCMC currently manages 136 schools that offer education to more than 40,000 students from classes I to VII. The PCMC budget has already made a provision of Rs.40 lacs for the same so that students can remain protected whilst their families also receive financial security in case of their untimely demise on campus.

    1st December 2016

  • Total Insurance Premiums To Touch Rs 26 trillion by 2020, says CII-KPMG Report

    According to a report put together by CII-KPMG, the total premium of the entire insurance sector, including life and non-life insurance, is predicted to touch a figure of Rs 26 trillion by the year 2020. The report was unveiled jointly by CII and KPMG also mentioned that India is yet to start on the path of distributing insurance products with the help of widespread use of digital channels, for which it is important for a considerable number of intermediaries to be a part of the insurance distribution process. Given the low rate of insurance penetration in India, the report also addressed the issue and has given some suggestions regarding the same. They have suggested that the insurance distribution channel strategy must be redesigned, in addition to creating financial awareness not only of the customers but also of the channel partners insurance landscape.

    30th November 2016

  • Banks To Offer Pension Schemes & Insurance To Jan Dhan Account Holders

    In an effort to encourage the transaction habit among Jan Dhan account holders and also make them aware of insurance services, the government plans to urge banks to pursue Pradhan Mantri Jan Dhan Yojana accounts which have seen an increase in deposits and offer financial products & services such as pension schemes and insurance. This move, which has been planned with the objective of providing Jan Dhan account holders with basic financial cover, comes in after the recent government led demonetization drive which has ceased the legal tender of after Rs 500 and Rs 1,000 notes.

    30th November 2016

  • Premium payment due date for life insurance extended by 30 days

    With the recent withdrawal of Rs.500 and Rs.1000 notes, the government has also specified limits on the amount that one can withdraw from banks. As the public faces a cash crunch from these restrictions, the IRDAI has extended the window for premium payment of life insurance policies by 30 days. This provision is for policies that fall due between 8th November and 31st December, 2016.

    All life insurance companies have been requested by the IRDAI to comply to this notice. The move was initiated following RBI’s extension of due date for the repayment of various loans that amounted to Rs.1 crore.

    29th November 2016

  • Now you can buy over-the-counter life insurance from a PoS person

    If you are a first-time insurance buyer looking for a simple product, you can now purchase it from a PoS (Point of Sales) person. You will be assured of a quick and easy sales process as the products sold will not be difficult to understand. For the purchase of complex insurance products such as ULIPs and deferred annuity plans, customers will have to go through the traditional route of approaching the agents.

    As per the guidelines released by the IRDAI, a PoS product will be simple to understand with all its advantages predefined and disclosed upfront. Some of the products that will be sold through this channel include term insurance with or without the return of premium, immediate annuity products, and non participating non linked endowment products. The PoS person will be employed by the insurer or an intermediate entity such as a broker.

    The aim of this initiative is to improve the penetration of insurance in smaller towns.

    25th November 2016

  • 30% Growth Reported From First Year Life Insurance Premium Income

    Life insurance companies have reported that their earnings from first-year premiums have increased by 30%. The data, released by the IRDAI, shows that life insurance companies amassed a total of Rs.87,344 crore for the period April 1st- October 31st 2016 through first year premium collection.

    The premium collection for the previous year for the same period was Rs.66,997 crore, making the increase around 30%.

    The largest contributor to this has been single-premium and group insurance policies. It was seen that regular premium policies, which comprise the chunk of a life insurer’s long term profitability, rose by about 14.4% year-on-year.

    24th November 2016

  • Following Demonetization, Insurers Request IRDAI To Grace Period For Policy Renewal Till Dec 30, 2016

    Reeling under the impact of the demonetization of high-denomination notes which has caused nation-wide inconvenience, life insurance providers have requested IRDAI to extend the grace period applicable for renewal of policies.

    Life Insurance Corporation of India (LIC), the state-owned insurance provider has revised its grace period which will not extended for an additional 22 days. The insurer has also waived penal charges applicable on delayed payments, along with scrapping medical examinations. This means that policyholders who have premium payments due in the grace period between November 9 and 30 will be allowed to make payments before the end of the month without having to give any penal interest. Policy holders will not require to submit a declaration of good health for this period if they have delayed in making their renewal premium payment.

    Insurers across India have asked the IRDAI to extend the grace period for policy renewal in order to provide some relief to policyholders who are due to make payments on their policies despite a serious cash crunch and widespread unavailability of the new high-denomination notes at post-offices, banks and ATMs.

    Normally, the grace period provided under life insurance policies for payment of premium is between 15 to 30 days, depending on the frequency of payments - quarterly, half-yearly or yearly.

    23rd November 2016

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