Savingwala



financial advisor for small saving

Guaranteed Return Plans

Posted on August 20th, 2011 in Guaranteed

Lots of guarranted plans are available with Indian life insurance compines. We will be updating this page with information and news about guaranteed plans

Samridhi Plus – LIC of India – Samridhi Plus Unit Link Plan

Posted on February 19th, 2011 in Insurance

LIC of India’s Samridhi Plus Summary:
LIC of India’s Samridhi Plus is a ULIP plan. LIC Samridhi Plus (Plan No.804) is a close ended plan which would be open for sale for a maximum period of 3 months.

JEEVAN SAMRIDDHI – Money Back Plan

Posted on February 19th, 2011 in Life Insurance

‘JEEVAN SAMRIDDHI’ – the New Money Back Plan that assures periodic payment of basic Sum Assured in installments on survival, with increasing benefits. ‘Jeevan Samriddhi’ gives a wider choice of convinient terms – 12, 15, 20 and 25 years, with added attractive features necessities, to ensure the timely availability of funds for marriages, education, illness and any unforeseen contingency.

Warnings and Penalties – Max Newyork Life Insurance Co

Posted on February 3rd, 2011 in Life Insurance

IRDA has issued a Warning letter to Max Newyork Life Insurance Co 24 Jan 2011 in Contravention of the provisions of Regulation 8 of the Policyholder Protection Regulations, 2002

LIC BIMA Account 1

Posted on February 1st, 2011 in Life Insurance

LIC’s Bima Account 1 (Plan No. 805) is a without profit Variable Insurance Product. Under this life insurance policy there will be a Policyholder’s Account maintained separately for individual policyholder

IRDA norms for new life schemes

Posted on November 24th, 2010 in Life Insurance

Insurance regulator IRDA on Tuesday said that all universal life products, a new kind of insurance which entered India recently and gives greater flexibility to customers, will not have any unit-linked component in them.

Life Insurance V/S Other Savings

Posted on October 25th, 2010 in Life Insurance

Life insurance assures payment of the entire amount assured (along with bonuses, wherever applicable) in case of demise, whereas in other savings schemes, only the amount saved (with interest) is payable.

Health Protection Plus – Health Insurance

Posted on October 14th, 2010 in Life Insurance

Health is a major concern on everybody’s mind these days. With sky rocketing medical expenses, the possibility of any illness leading to hospitalization or surgery is a constant source of anxiety unless the family has actively provided for funds to meet such an eventuality. Most families rarely provide for healthcare, and even if they do, it is grossly inadequate. Given this scenario, LIC has launched LIC?s Health Protection Plus plan, a unique long term health insurance plan that can combine health insurance covers for the entire family (husband, wife and the children) ? Hospital Cash Benefit (HCB) and Major Surgical Benefit (MSB) along with a ULIP component (investment in the form of Units) that is specifically designed to meet Domiciliary Treatment Benefit (DTB) / Out Patient Department (OPD) expenses for the insured members.

Retire and Enjoy

Posted on April 26th, 2010 in Insurance

The objective of Retire and Enjoy is to provide financial security to the family of policy holder during your productive span and a happy independent retired lifestyle for the policy holder and his/her spouse when they decide to retire.

New Wealth Plus Plan

Posted on February 7th, 2010 in Life Insurance

Wealth Plus from LIC is a Single Premium Insurance policy unit linked plan having a term of 8 years and with a Payment term of 3 years or Single premium.
Wealth Plus guarantees to pay you the highest NAV reached in the first 7 years of its term or the 8 th year NAV which ever is higher.

 
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