From the category archives:

Insurance

Claim Settlement Ratio for Life Insurance Companies for 2011-12

Posted by Gopal Gidwani in Financial Planning ->Insurance ->Others ->Uncategorized on January 12th, 2013

For people looking to buy a term insurance plan, annual premium charged for the term plan and claim settlement ratio of the life insurance company are two very important considerations apart from other important considerations like their specific need, product features, customer service of the company etc. In this article we have compared the claim [...]

Grievance Rederessal Procedure in Life Insurance

Posted by Gopal Gidwani in Financial Planning ->Insurance on April 7th, 2012

Introduction Sandeep Roy is an angry man! One month back, he had purchased a single premium payment life insurance plan for which he had provided a cheque of Rs 1.5 lakh to his insurance agent. But when he received the policy document, to his dismay, he found that company has issued him a regular premium [...]

Claim Settlement Ratio for Life Insurance Companies for 2010-11

Posted by Gopal Gidwani in Financial Planning ->Insurance ->Others ->Uncategorized on February 7th, 2012

Claim Settlement Ratio for Life Insurance Companies for 2011-12 Are you looking for comparison of claim settlement ratios of life insurance companies for 2009-10, 2010-11 and 2011-12. Are you looking for analysis of various term plans offered by life insurance companies and the comparison of premiums charged by them. Click here to read more…. ___________________________________________________________________ [...]

Planning Your Child’s Higher Education

Posted by Gopal Gidwani in Financial Planning ->Insurance ->Others ->Uncategorized on November 19th, 2011

Goal Based Financial Planning (I) – Child Education Planning Introduction Every parent aspires his / her child to make a successful career when he / she grows up. Good quality education forms the base for that. Parents start planning for their child’s education the moment the child is born. Parents leave no stone unturned and [...]

Online Term Insurance Plans

Posted by Gopal Gidwani in Financial Planning ->Insurance on June 17th, 2011

Introduction Ganesh is a 30 year old engineer working in a manufacturing company. Ganesh’s family includes his wife (homemaker), a 5 year old daughter (Komal) and retired parents. Ganesh has a 20 year home loan of Rs. 25 lakhs which he is servicing since the last 2 years. He has a 5 years car loan [...]

Comparison of Term Insurance Plans

Posted by Gopal Gidwani in Financial Planning ->Insurance ->Others ->Uncategorized on November 17th, 2010

Introduction Ajay’s 2 year old son Manoj likes playing with aeroplane toys. Right from his childhood days Manoj aspires to become a pilot when he grows up. Ajay (29 years old) had a dream of making his son a pilot and he was saving money for his son’s education. Ajay’s dream made a crash landing [...]

HDFC Systematic Savings Plan – Product Review

Posted by Gopal Gidwani in Insurance ->Uncategorized on February 9th, 2010

HDFC Systematic Savings Plan – Product Review Introduction Rajesh is a 22 year old guy who has just entered the corporate world. Rajesh wants to accumulate money to buy his 1st two-wheeler. For achieving this goal Rajesh has decided to set aside Rs 2,000 every month from his salary. Rather than keeping this money in [...]

LIC Jeevan Nischay

Posted by Gopal Gidwani in Insurance ->Uncategorized on December 29th, 2009

LIC Jeevan Nischay – Product Review Introduction Companies listed on the stock exchange coming out with rights issues, wherein new shares are offered to existing shareholders in some ratio based on their existing share holding, is very common. But this is not a common scenario among insurance companies, wherein companies come out with a new [...]

HDFC Young Star Super – Review

Posted by Gopal Gidwani in Insurance ->Uncategorized on December 28th, 2009

Introduction Every parent aspires to give the best of everything to their children; be it primary education, a good quality lifestyle, secondary education, lavish wedding etc. Child plans of most insurance companies play on this emotional aspect to push their products. Every parent’s top priority is to fulfil his child’s future dreams and aspirations. HDFC [...]

Aegon Religare iTerm Plan – Review

Posted by Gopal Gidwani in Insurance ->Uncategorized on December 28th, 2009

Aegon Religare iTerm Plan – Cheapest Term Plan – Review Introduction Few days after launching the cheapest ULIP plan (Invest Maximizer) in the industry, Aegon Religare has done it again. This time the company claims to have launched the cheapest term insurance plan in the industry. The company says that its latest term insurance plan [...]

Comparison between Term Insurance Policy and Traditional Insurance Policy

Posted by Gopal Gidwani in Insurance ->Uncategorized on December 27th, 2009

Buying Insurance over Other Investments for Returns: Opportunity Cost or Opportunity Lost  Introduction It’s March, the tax planning season is at its peak and Ajay (person earning 6 Lakhs pa working in an MNC) has started his yearly ritual of scouting for investments for saving income tax. Ajay tells his financial planner Pankaj that he [...]

Insurance Riders: Top up your Policy at Low Cost

Posted by Gopal Gidwani in Insurance ->Uncategorized on December 26th, 2009

Introduction Having insurance is important. But having the right insurance policy and the right amount of insurance cover is even more important. Sample this case study….. Kumar family had a dream of making their 2 year old son Manish a pilot. This dream made a crash landing when his father (Prashant) died in a road [...]

Human Life Value – How much are you Worth?

Posted by Gopal Gidwani in Insurance ->Uncategorized on December 25th, 2009

  Introduction A popular advertisement in media which most of us must have seen says “There are some things that money can’t buy, but for everything else there is MasterCard.” Ask people in which category does human life belong and without a second thought they will agree that human life is priceless and no amount [...]

Aegon Religare Invest Maximiser Plan

Posted by Gopal Gidwani in Insurance ->Uncategorized on December 23rd, 2009

It’s hard to miss the Aegon Religare Invest Maximiser Plan advertisement in media. The company claims that it is the cheapest ULIP plan available in the market. The company goes to the extent of saying that if someone is able to find a cheaper ULIP, the company will reward the customer Rs 1000. That is [...]

Medical Insurance (Health Insurance) – Section 80D

Posted by Gopal Gidwani in Insurance ->Uncategorized on August 22nd, 2009

• Under Section 80D a person paying premium for medical insurance for self, spouse and children is eligible for a deduction of upto INR 15000. • In case the person is above 65 years (senior citizen) then deduction of upto INR 20,000 can be availed. • For premium paid for health insurance for parents, an [...]

Life Insurance

Posted by Gopal Gidwani in Insurance ->Uncategorized on August 20th, 2009

Investments made in life insurance in the form of paying premiums qualify for deduction under Section 80C of the Income Tax Act. • The premiums paid qualify for tax benefits if the premium paid is equal to or less than 20% of the sum assured (SA). For example if the premium paid is INR 20,000 [...]