Insurance Archives - Page 2 of 3

Taxes

How is your insurance policy taxed?

Some of us may be hoarse from shouting about why tax benefits should not be the reason we buy insurance. Shouting notwithstanding, tax treatment remains a key consideration when buying insurance of almost any sort and this is what we look at in this article.
There are two points in time when the tax aspect will have to be kept in mind:
First at the time of premium payment
Second, at the time of a payout in the form of a claim being met or maturity benefits being paid out.

Pavithra Jaivant February 16, 2023 2 Comments

LIC’s New Pension Plus - can it replace NPS?

Insurance

LIC’s New Pension Plus – can it replace NPS?

In September 2022, LIC launched a new pension product. LIC’s New Pension Plus – LIC’s NPP(plan number: 867) with features similar to NPS. In the case of NPS, the default retirement age is 60. But in the case of LIC’s NPP, you can choose the policy maturity age and this can be as early as 35. So, does the LIC’s NPP score over NPS? Let’s find out!

Bipin Ramachandran November 15, 2022 3 Comments

Insurance

Critical Illness plan review: Star Critical Illness Multipay Insurance Policy

To secure your finances against health emergencies, Primeinvestor recommends combing a hospitalization plan with a critical illness cover. Our earlier article has discussed ‘What to look for in a critical illness health plan’ in detail. We subsequently shortlisted a few critical illness covers, from which we reviewed Activ Secure Critical Illness Plan by Aditya Birla Health Insurance, Criti Care policy by Bajaj Alianz General Insurance and IFFCO Tokio’s Critical Illness Benefit Policy. Here, we review the Star Critical Illness Multipay Insurance Policy. We think this plan has a good structure without being over-complicated.

Pavithra Jaivant November 6, 2022 2 Comments

Insurance

How to use the free look period

If one acts quickly, a bad or unsuitable insurance purchase can be reversed. Here, we tell you about how you can use the free look period in life and health insurance policies to your benefit.

Pavithra Jaivant October 11, 2022 No Comments

Insurance

Prime review: LIC’s Dhan Sanchay

LIC’s Dhan Sanchay offers a guaranteed income or a guaranteed lumpsum benefit, in return for either single or regular premium payments. It also provides life cover. This is a non-linked, non -participating, individual savings plan. This effectively means that the returns from this plan are not linked to the market or LIC’s own performance.

Bipin Ramachandran August 18, 2022 1 Comment

Insurance

Insurance Review – IFFCO Tokio Critical Illness Benefit Policy: Keeping it simple

This article reviews the IFFCO Tokio Critical Illness Benefit Policy which we think ticks the boxes on simplicity and generous sum insured. Here is a detailed look :

Pavithra Jaivant July 31, 2022 2 Comments

Insurance

A health insurance policy for the cost-conscious buyer

When it comes to health insurance, PSU insurers may not offer the friendliest products, but they certainly score on claims settlement and affordability. Here, we review an affordable policy from a PSU insurer with a good claim settlement record.

Bipin Ramachandran June 30, 2022 6 Comments

Insurance

Insurance Review: Criti Care Policy by Bajaj Allianz General Insurance

This insurance player has two critical illness covers on offer – the ‘Critical Illness Insurance Policy’ and the more recently launched ‘Criti Care Policy’.

Pavithra Jaivant June 9, 2022 2 Comments

Insurance

Insurance review – A policy for all ages

This policy for all ages fits the bill with good coverage and all the benefits that a health policyholder would seek.

Bipin Ramachandran May 26, 2022 13 Comments

Insurance

Insurance Review – Activ Secure Critical Illness Plan by Aditya Birla Health Insurance Co. Ltd.

We have shortlisted a set of critical illness plans, which we will start reviewing. We begin with the Activ Secure Critical Illness Plan by Aditya Birla Health Insurance, which we think is a good plan for high-income earners.

Pavithra Jaivant May 10, 2022 No Comments

younger policyholders, A policy designed for younger policyholders

Insurance

Insurance review – A policy designed for younger policyholders

We’re starting our insurance review series with Star Health Young Star Insurance Policy. This is a policy designed for younger policyholders who are either single, or just married or in the early stages of their career.

Bipin Ramachandran March 17, 2022 2 Comments

LIC Arogya Rakshak – should you go for it?

The LIC Arogya Rakshak falls somewhere in between a hospital daily-cash policy and a critical illness cover. It is an individual health insurance plan from a life insurer that provides a definite benefit unlike indemnity health covers that only reimburse hospital expenses. It can be taken either on an individual or a family floater basis, with one member being the Principal Insured (PI).

Pavithra Jaivant August 19, 2021 10 Comments

PrimeInvestor - Articles and Reports

How is your insurance policy taxed?

LIC’s New Pension Plus – can it replace NPS?

Critical Illness plan review: Star Critical Illness Multipay Insurance Policy

How to use the free look period

Prime review: LIC’s Dhan Sanchay

Insurance Review – IFFCO Tokio Critical Illness Benefit Policy: Keeping it simple

A health insurance policy for the cost-conscious buyer

Insurance Review: Criti Care Policy by Bajaj Allianz General Insurance

Insurance review – A policy for all ages

Insurance Review – Activ Secure Critical Illness Plan by Aditya Birla Health Insurance Co. Ltd.

Insurance review – A policy designed for younger policyholders

LIC Arogya Rakshak – should you go for it?

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