Saturday, 30 December 2017

How to prevent Claim Rejection !!

To Avoid any possibility of Dismissal of Insurance Claim, always fill in correct details regarding Health, Occupation, Income, Family History of illness and relevant Information while taking a policy.

The Insurance Regulatory and Development Authority of India (IRDAI) had published data of Claim settlement ratio submitted by various life insurers companies. The companies said most claims get repudiated due to non disclosure of Health conditions, Misleading details of Income and Occupation and withholding of Insurance with other companies prior to applying for the policy. People insure themselves or their Loved Ones to ensure availability of adequate funds in case of sudden Death of the Insured having Financial Responsibilities.  The provisions of Insurance work like any other contract, albeit it must be done in utmost good faith. For this, the insured person is required to disclose any potential matter that may influence the insurer’s decision to accept the risk of Loss.

The information submitted in the proposal form is the basis of contract between the Insurance company and the Insured, and it determines if the former is liable to pay the mutually consented amount to the Nominee in case of Death of the Life Insured. The amount of payment varies according to the terms stated in the contract and the premium paid (single payment or in installments). Those seeking any kind of Life Insurance must ensure that they fill in accurate Name (of both the Insured and the Nominees), Correct Mailing Address and other Contact Details such as Phone Number, Email id, Pre-existing Disease etc.

For More Details Visit: LifeLine Insurance & Financial Expert

Wednesday, 20 December 2017

Why Investing In Mutual Funds May Be Better Than Stocks !!

People assume that investment through Mutual Funds is always a safer and better option than buying stocks. This is true and applicable to the investors who don’t have enough time and expertise in managing their money. 
Let us understand this in Detail : 

Return on Investments: The first thing which comes to an investor’s mind is the return he is going to make on his investments in Mutual Funds, the same would be less volatile as compared to the direct stock investment. Investing in stocks directly is a much riskier proposition, but at times it can give you way more returns than Mutual Funds and only applies to an investor having the expertise and time to do it.

Cost of Investments: Mutual Funds charge administration fee in the form of an expense ratio annually. However, in a brokerage, you pay for stock trading for every transaction you perform, as you lose and gain as per the stock you Buy or Sell and pay the brokerage for every transaction.

Diversification of portfolio: In Mutual Fund we invest from a very small amount Rs5000 to a large sum of a Crore or More which gives them huge leverage to invest in various stocks.

Intensive research on companies and the overall industry is required before investing in stocks whereas Mutual fund house has professional fund managers and a team of analyst to do all the research before picking the right stocks. Investing in stocks require a lot of time in deciding on which shares to buy whereas it takes lesser time to learn about each mutual fund. Mutual funds offer you to get the TAX Benefit and Saving whereas Stock Investments don’t have any Tax Benefit.

For More Details Visit : LifeLine Insurance & Financial Expert

Friday, 15 December 2017

Insurance is the Lifeguard which can rescue the Sinking Boat !!

Imagine you are alone, Rowing your boat in a Beautiful Lake. It is drizzling and you are enjoying your water ride in the mountains. The Nature looks Beautiful and you wish you could settle here with your lovely Family Forever. Suddenly, it  starts Raining heavily and soon, there is water in your Boat. Before you can even think of ways to Escape, your Boat turns upside down. The saddest part is that you do not know how to Swim and there are no Safety Equipment.

What happened next? Did the Boat Sink? Did you call for Help? Did someone come for Rescue? Imagine there was no one who could hear you and come for help. And unfortunately, you could not save yourself and left your family alone. Can they survive without you? Who will take care of your parents? Who will feed your children?

This is just a Story but this can happen to anyone in the world. No matter what your age is, no matter where you live and how much you earn, it is important to prepare for the future of your Family and be there to support then at all stages in Life! In circumstances where even relatives and friends turn faces and leave the unfortunate family of the deceased, it is only a Life Insurance Policy that takes true care of your family and their financial security in your absence.

Make the right decision today so that you do not have to repent later ! Check Different Policies & Plans which are Helpful & Beneficial for you & your entire family !!

Friday, 1 December 2017

How your adopted child will take care of your family in your Presence/Absence !!

If you have 2 Children Son & Daughter !! In case of your Death & Disability if you are not able to take care of your entire family. In that case your 3rd Child "LIC Policy" will take care. If you are fortunate, it will help you in your Old Age !!

Lifetime Benefits & Features of 3rd Child :

  • Unique in-built Family Income Benefit.
  • Options to choose Premium payment frequency.
  • Risk cover of life assured.

Check Different Policies & Plans which are Helpful & Beneficial for you & your entire family 
Visit : LifeLine Insurance & Financial Experts

No pollution papers Can't Claim insurance !!

Pollution under Control (PUC) certificate will soon be made a mandatory document to make an insurance claim, as per an order of the...