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In case you are unable to pay premiums any more in your traditional or unit-linked insurance plans (Ulips), you can use the paid-up option. Here, the policy continues to remain valid. However, its maturity amount is reduced and is also called a reduced paid-up policy.
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All eyes are now on the new IRDA chairman. With the insurance industry still coming to terms with its lacklustre performance in the past three years during which business fell steadily and pushed a majority of ULIPs and pension products almost off the radar. The hope rests on TS Vijayan’s ability to bring about a turnaround. Read more
The Indian Insurance Industry has matured over the years and self-awareness for insurance and its important has slowly crept into the minds of the pro-active financial planners across the globe. This in fact has been triggered by the recent fall in premium for online Term Plans. The surge of interest of Non Resident Indians to purchase a Life Insurance Product in India has given a platform to many insurance companies to re-strategize and capitalize on the huge potential of tapping the NRI or the Person of Indian Origin, PIO. Read more
Despite a slowdown in the life insurance sector, sales of online term plans are booming. Nearly 55,750 term policies were sold in the past six months, an average of one policy in every five minutes. Whereas in 2011-12, nearly 49,500 plans were sold. Read more
You are your family’s primary source of income and your continued presence ensures their comfort and well-being. However, life is unpredictable and your absence will not only result in emotional trauma but also place your family under considerable financial duress. Read more
The Insurance Regulatory and Development Authority (IRDA) has levied a fine of Rupees Twenty two lacs on Kotak Mahindra Old Mutual Life Insurance Company for violation of certain provisions. Read more
Kotak Mahindra Old Mutual Life Insurance today launched a protection-cum-savings scheme, which offers cover till the age of 75 years.
Read moreKotak Mahindra Old Mutual Life Insurance (Kotak Life Insurance)  announced the appointment of Mr. Sunil Sharma as ‘Appointed Actuary ’recently. The appointment is effective from July 1, 2012. Read more
Mr.Hemant Kanawala, Head of Equties – Kotak Mahindra Old Mutual Life Insurance in his first reaction of the Union Budget 2012 said that the impact of budget on the market shall stay neutral. Read more