|
A
life insurance policy lapses when the due premium has not been paid
even within the grace period. A lapsed policy means that the benefit of
insurance will not be available to protect the financial interest of the
dependants in the event of the death of the insured. A lapsed cover can
be revived by the policyholder during the period allowed by insurer
before its maturity. The procedure for revival depends on the type of
policy and the duration of its lapse.
http://www.myallagents.com/Things-to-know-about-reviving-a-lapsed-insurance-policy/details.html
|
Showing posts with label bility insurance. Show all posts
Showing posts with label bility insurance. Show all posts
Friday, June 27, 2014
Things to know about reviving a lapsed insurance policy
LIC buys Rs 4,300-crore debt from bond auctions of seven states
MUMBAI: State-run Life Insurance Corporation
of India (LIC) has bought debt worth about Rs 4,300 crore in state bond
auctions conducted by the Reserve Bank of India (RBI), starting the
fiscal with its first big-ticket investment after clocking nearly 10 per
cent growth in premium collection last year.
The
country's biggest insurer bought about four-fifths of the total
notified amount in the auction conducted on Wednesday. State development
loans (SDL) are the bonds issued by different state governments and
sold through a process of RBI auction.
health insurance tips for students travelling abroad
Unless the university makes it mandatory for you to buy the health cover it provides, you can waive it, especially if you are already covered as a dependant or want to purchase it privately. You can pick one from a local insurer in the country you are travelling to, or an Indian insurance company before you leave.
Many students club the premium with the tuition fee for convenience, but the university may not offer the best deal, and it is wise to compare. Despite the online channel, it's not easy to buy a plan from a foreign insurer. So start by surfing the domestic plans. For some universities like MIT and Stanford, the plan must comply with their guidelines. If the prepackaged plan doesn't match the requirements, insurers are ready to tweak it.
Subscribe to:
Posts (Atom)