http://www.bimaworld.com/forums/ Indian Insurance Community Forums en Fri, 10 Feb 2012 08:03:49 +0000 http://www.bimaworld.com/forums/topic/sbi-life-unit-plus-regular-nav#post-7174 Thu, 02 Feb 2012 17:26:09 +0000 Anonymous 7174@http://www.bimaworld.com/forums/ <p>Net Asset Values (NAV's) are available at:</p> <p>1. SBI Life<br /> 2. Shriram Life<br /> 3. Reliance<br /> 4. LIC </p> http://www.bimaworld.com/forums/topic/ulip-policy-maturity-claim#post-7173 Thu, 02 Feb 2012 17:24:55 +0000 Anonymous 7173@http://www.bimaworld.com/forums/ <p>The insurance agent can guide you better according to the policy of the respective company. </p> http://www.bimaworld.com/forums/topic/difference-between-%e2%80%9clic%e2%80%99s-bima-account-ii-and-%e2%80%9clic%e2%80%99s-bima-account-i#post-7171 Thu, 02 Feb 2012 17:22:53 +0000 Anonymous 7171@http://www.bimaworld.com/forums/ <p>Life Insurance Corporation said it has launched two new non linked plans. Bima Account I and Bima Account II. There are mainly two variation of this insurance plan called LIC Bima Account 1 and LIC Bima account 2, which differ a bit in terms of premiums, tenure etc. No wonder that it’s the best time to launch the insurance plan as everyone is looking forward to invest for tax-saving, and when something has a tag of “Guaranteed returns” + “LIC”. The company claims to pay 6% return, but will it be 6% by the time it reaches your hand ?<br /> Lets look at it ..<br /> Moreover, in Bima Account I there is no requirement of undergoing medical examination. The entry age for the Bima Account I is from 11 years to 50 years while it is 8 years to 60 years for Bima Account II. The minimum premium is Rs 600 per month under ECS mode for Bima Account I, while it is Rs 1,250 under Bima Account II, it said adding that the minimum yearly premium for Bima Account I is Rs 7,000; and Rs 15,000 for Bima Account II. </p> http://www.bimaworld.com/forums/topic/revival-and-lapsation-of-life-insurance-policies#post-7169 Thu, 02 Feb 2012 17:22:10 +0000 Anonymous 7169@http://www.bimaworld.com/forums/ <p>Policy can be revived by the amount of insurance plus interest rate.<br /> Company ususally starts campaigns to revive the policies. </p> http://www.bimaworld.com/forums/topic/sbi-life-equity-fund#post-7168 Thu, 02 Feb 2012 17:19:08 +0000 Anonymous 7168@http://www.bimaworld.com/forums/ <p>the above person is right, these plans now do not exist. </p> http://www.bimaworld.com/forums/topic/choosing-term-insurance-company#post-7167 Thu, 02 Feb 2012 17:18:23 +0000 Anonymous 7167@http://www.bimaworld.com/forums/ <p>It do not matters which is best and which is bad, The thing is how you select and which insurance company you select. </p> http://www.bimaworld.com/forums/topic/plz-explain-new-pension-system#post-7165 Thu, 02 Feb 2012 17:16:08 +0000 Anonymous 7165@http://www.bimaworld.com/forums/ <p>If is it any insurance policy for retired person having low pension? </p> http://www.bimaworld.com/forums/topic/if-i-cant-pay-my-premium-what-should-i-do#post-7164 Thu, 02 Feb 2012 17:10:36 +0000 Anonymous 7164@http://www.bimaworld.com/forums/ <p>short term insurance best suits for the person having irregular income. </p> http://www.bimaworld.com/forums/topic/accidental-death-claim-of-term-insurance#post-7153 Wed, 01 Feb 2012 19:56:16 +0000 Jack 7153@http://www.bimaworld.com/forums/ <p>In the accidental death cases the company has to pay to all the clients for their loss as per the policy but for that thing you must be an authentic person that should everything legal , So will be best to get a license before such dangerous events and make sure the rules and safety. </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-7152 Wed, 01 Feb 2012 19:52:13 +0000 Jack 7152@http://www.bimaworld.com/forums/ <p>The refund of such amount is impossible and it is already mentioned in the insurance policy rules that must be read and understand first before signing in the policy. </p> http://www.bimaworld.com/forums/topic/accidental-death-claim-of-term-insurance#post-7119 Mon, 30 Jan 2012 23:28:12 +0000 pathialen 7119@http://www.bimaworld.com/forums/ <p>If you have short term or long term health insurance then you can easily manage your expenses. </p> http://www.bimaworld.com/forums/topic/how-to-save-tax-using-insurance#post-7115 Mon, 30 Jan 2012 23:20:10 +0000 pathialen 7115@http://www.bimaworld.com/forums/ <p>An annual income of 4 lac is exempted from all taxes if it is insured. </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-7112 Mon, 30 Jan 2012 23:06:57 +0000 pathialen 7112@http://www.bimaworld.com/forums/ <p>Either you can ask for the loan or you can leave your policy only in this case if you paid for minimum, i think 3 years.<br /> So as you have paid only for one year that is why it is not applied. </p> http://www.bimaworld.com/forums/topic/surrender-policy#post-7065 Fri, 27 Jan 2012 18:54:52 +0000 smear 7065@http://www.bimaworld.com/forums/ <p>The early termination of an insurance product by the policyholder is know as surrender policy. As more people realise their mistake, they want to exit from such insurance policies. Unfortunately, however, early exit from insurance policies results in a huge loss. It has three stages early, middle and last stage. </p> http://www.bimaworld.com/forums/topic/what-is-beneficiary#post-7064 Fri, 27 Jan 2012 18:50:40 +0000 smear 7064@http://www.bimaworld.com/forums/ <p>An individual, institution, trustee, or estate which receives, or may become eligible to receive, benefits under a will, insurance policy, retirement plan, annuity, trust, or other contract.</p> <p>It's important to keep beneficiary records on your policy current to ensure that proceeds are paid as you desire. As the policy owner, you may change the beneficiary(ies) on your policy at any time during the life of the insured. </p> http://www.bimaworld.com/forums/topic/life-insurance#post-7060 Fri, 27 Jan 2012 18:36:36 +0000 smear 7060@http://www.bimaworld.com/forums/ <p>There are some policies that could be adopted as per your choice but it would be better to ask a good policy from the agents. </p> http://www.bimaworld.com/forums/topic/do-i-need-insurance-policy#post-7055 Fri, 27 Jan 2012 17:17:54 +0000 smear 7055@http://www.bimaworld.com/forums/ <p>Yes I think so that every body should adopt a policy that suits you. So go for a simple policy you want to adopt. </p> http://www.bimaworld.com/forums/topic/how-much-life-insurance-do-i-need#post-6941 Tue, 24 Jan 2012 12:04:51 +0000 yorkmax 6941@http://www.bimaworld.com/forums/ <p>it depends on your budget and your family.by the way i always suggest you to get some enough insurance </p> http://www.bimaworld.com/forums/topic/how-much-life-insurance-do-i-need#post-6940 Tue, 24 Jan 2012 11:09:56 +0000 sjumani123 6940@http://www.bimaworld.com/forums/ <p>The purpose of life insurance is to allow your family members to pay the bills in your absence,</p> <p>There are many factors tells you how much insurance you need,<br /> 1. Your current income level.<br /> 2. The time factor - How many years you need insurance<br /> 3. Your Present age<br /> 4. Existing life insurance<br /> 5. Desired annual income needs<br /> 6. Your specific needs </p> http://www.bimaworld.com/forums/topic/accidental-death-claim-of-term-insurance#post-6597 Sun, 15 Jan 2012 18:39:23 +0000 devanand 6597@http://www.bimaworld.com/forums/ <p>Dear Hemant,</p> <p>Motor Insurance provides for various coverages including damage to vehicle and personal injuries, death. But the cover so granted is valid only when the vehicle is driven by a Licence holder which is valid.</p> <p>In your case since you don't hold a licence hence any claim in respect of damage to our vehicle as well to you in person can be rejected by the insurance company. </p> <p>In case of personal accident policy, if a claim is filled on-account of your goodself being hit by another vehicle and at that time you was not driving any vehicle then insurance company are liable to pay the claim.</p> <p>But in case, where a claim is filled on account of you being hit while driving the vehicle without the valid licence insurance company can reject your claim. </p> http://www.bimaworld.com/forums/topic/accidental-death-claim-of-term-insurance#post-6148 Tue, 10 Jan 2012 20:32:47 +0000 Anonymous 6148@http://www.bimaworld.com/forums/ <p>Hi,<br /> I dont have a vision in my one eye hence cant get valid driving license as per RTO rules in Maharashtra, India. But I drive 2 wheeler on regular basis without license for last 3 years. In case of my accidental death (with or without mistake from my side) can my insurance company reject the claim?<br /> I have already mentioned about my eye in the policy application form and also gone through medical test for eye while taking the policy.</p> <p>Regards,<br /> Hemant </p> http://www.bimaworld.com/forums/topic/how-to-save-tax-using-insurance#post-6140 Tue, 10 Jan 2012 13:14:41 +0000 abhijeet1 6140@http://www.bimaworld.com/forums/ <p>While there a policy from government where they have some policy if someone has taken some insurance or loan on some thing they have to pay less tax. </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-5877 Mon, 02 Jan 2012 13:57:07 +0000 Anonymous 5877@http://www.bimaworld.com/forums/ <p>Dear sir,</p> <p>I have paid a LIC pension policy, in which every year i need to pay Rs. 49229/-.in the year 2007-2008. I have paid only one installement only.</p> <p>My quesstions are:-</p> <p>1. Can I cancel my policy and claim the amount paid.</p> <p>2. Can I decrease my yearly payable amount to Rs. 25000/- and make my policy LIVE.</p> <p>Ravindra </p> http://www.bimaworld.com/forums/topic/do-i-need-insurance-policy#post-5789 Thu, 29 Dec 2011 12:26:15 +0000 abhijeet1 5789@http://www.bimaworld.com/forums/ <p>If you are a earning person then of course you should have a insurance so that you could have some benefit in your salary also as government does not deduct much tax if some one has taken insurance. </p> http://www.bimaworld.com/forums/topic/refund-of-premium-piad-vide-lic-policy-possible#post-5612 Wed, 21 Dec 2011 18:28:54 +0000 Anonymous 5612@http://www.bimaworld.com/forums/ <p>Mr. Praveen,</p> <p>A policy can be surrendered only after it has achieved paid-up value, for which one has to pay at least 3 annual premiums.</p> <p>in your case it is one year hence you are not entitled for refund of premium. you may cross verify the same with your policy issuing office. </p>