A critical concept in Life Insurance is the “Human Life Value”. It’s a method of calculating the amount of life insurance a family would need based on the financial loss they would incur if the sole bread winner of a family is no more. There are a number of factors...
What is personal accident insurance short note? Personal accident insurance financially covers the insured person against uncertainties such as death, injuries, and partial/complete disabilities arising due to an unfortunate accident. In case of death, the...
What is a Pension Plan? A pension plan is an investment option designed for your post-retirement life. It allows you to save money either through a one-time lump sum or regular payments over time. These plans guarantee a steady income after retirement, ensuring a...
What Is a Waiver of Premium Rider? A waiver of premium rider is an insurance policy clause that waives premium payments if the policyholder becomes critically ill, seriously injured, physically impaired or death of payer. Other stipulations may apply, such as meeting...
Several women continue to rely on male family members and lack control over their assets. The Married Women’s Property Act (MWPA) provides financial security for married women and their children. Explore the significance and advantages of the MWPA in India to...
Your vehicle is a significant investment and an essential part of your daily life. Lokmanya Multipurpose Co-op Society Ltd., in collaboration with ICICI Lombard, New India Insurance, and IFFCO-Tokio, offers comprehensive vehicle insurance plans designed to protect...
