On Monday SBI Life Insurance has signed a bancassurance agreement with Yes Bank to offer comprehensive life insurance solutions to the Yes bank's customers nationwide. The agreement was signed by Rajan Pental, Global Head – Retail Banking, Yes Bank and AVS Sivaramakrishna, Regional Director-Mumbai region, SBI Life Insurance, in the presence of Mahesh Kumar Sharma, MD & CEO, SBI Life, and Ravi Krishnamurthy, President-Zone 1, SBI Life, among others. Krishnamurthy said that "With this … [Read more...]
Difference between ULIP & Traditional Insurance Plan and which one is best?
Most people are confused about to opt ULIP or Traditional Plan, and confused that which one is best among both. Before choosing any plan from both you must consult with your financial advisor or research from any platform that which type of insurance plan is better for you that will fulfill your financial requirements and future goals. Both are the above offer you tax savings under Section 80C of the Income Tax Act. Know what is ULIP? Know what is Traditional Insurance Plan? Which one is … [Read more...]
What is the Arogya Sanjeevani policy?
Medical expenses may spoil your future financial planning. Therefore, it is recommended by Funds Instructor to secure your medical expenses with a health insurance plan that maintain your financial planning and secure your future. The IRDA (Insurance Regulatory and Development Authority of India) is to urge insurance companies to create products that are affordable or easy to understand for people. Thus, the name Standard Health Insurance plan is a policy offered by across all health insurance … [Read more...]
Unit Linked Insurance Plan (ULIP)
ULIP (Unit Linked Insurance Plan) is a type of insurance policy that offers the policyholder to pays an annual or monthly premium. ULIP is a combination of insurance as well as investment. A small amount of the premium goes to secure the life of the investor and the rest of the money is put into investments like stocks, bonds, or mutual funds. The returns on investments depend upon the performance of the selected fund. With the investment in ULIP, policyholders could make their future portfolio … [Read more...]
Traditional Life Insurance Plan
In the modern era and age, it is essential to maintain financial stability which has become quite difficult for everyone. On the basis of the requirements of financial stability in one’s life, the insurance companies have brought the benefit of various guaranteed life insurance with guaranteed returns. Some traditional insurance plans offer fully guaranteed returns whereas some offer partially guaranteed returns. This innovative insurance policy is a traditional plan which comes with a bonus … [Read more...]