In life insurance at the policyholder demise a nominee is the person to whom the insurer will transfer the proceeds. But there are cases when this death proceeds have been blocked into family litigation. When other legal heirs of the family or distant relative lay the claim on the money life insurance companies too get […]
We are on the verge of the end of this financial year i.e. FY 2016-2017. March is always a significant month in our lives. Many things come to an end where from April we start with new. Be it a promotion in job, children school sessions, our own finances, and others. It’s important then that we do a quick […]
Vikrant bought an insurance policy in 2009 which he wanted to surrender now. He submitted his request to the company and got the proceeds in few days. But when he showed it to the tax expert he was in a shock that the insurance policy was actually of post-2012 date and the policy does not […]
Come 1st October 2016 and you will witness 2 big changes – Mutual Funds Commission Disclosure and E-Insurance. These two changes will change the way these two industries work. First, it is mutual funds where the commission of distributors will get disclosed to their clients.
Three Pradhan Mantri Yojana have been introduced aiming at a wider financial inclusion. Pradhan Mantri Jeevan Jyoti Yojana and Pradhan Mantri Bima Suraksha Yojana are already launched and Pradhan Mantri Atal Pension Yojana will come into existence from 1st June 2015.The objective of these schemes is to give social security to the large unorganized sector […]