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For central government insurance schemes, some banks withdraw money from customers' accounts without their permission; After that there are allegations of obtaining fake approval. Insurance schemes The list of insurance schemes includes the 'Pradham Mantri Jeevan Jyoti Bhima Yojana' and the accident insurance scheme 'Pradham Mantri Suraksha Bhima Yojana'. Similar complaints have been raised against the central government's pension scheme 'Atal Pension'. All these schemes were launched by Prime Minister Narendra Modi in May 2015 to provide financial security to the poor. The premium for these plans is very low. In Pradham Mantri Jeevan Jyoti Bhima Yojana, the annual premium is Rs 436. The premium in Pradham Mantri Suraksha Bhima Yojana is just Rs 20. As per Jeevan Jyoti Scheme, Rs 2 lakh is paid to the nominee in case of death of policyholder due to any reason. In case of death due to accident, under Suraksha Bhima scheme Rs 2 lakh an...

LIC overtakes SBI in high market cap, Shares of public sector insurance giant LIC crossed their first ever listing price of Rs 867.20 yesterday. LIC stock  During trading hours yesterday, the company's shares not only crossed the listed price as they touched Rs 895; Exceeds the price offered to policyholders .  The company's shares have gained 11 percent in the last one month alone. It has also increased by 43 percent in the last six months. Apart from this, the country has a high market value LIC is on the verge of becoming a Public Sector Undertaking. Currently, SBI is at the top with a market capitalization of Rs 5.72 lakh crore. LIC is second with a market capitalization of Rs 5.64 lakh crore.  This is a significant improvement as only 3.50 percent of LIC's shares are being traded in the market. The company's share price rose 4.42 percent to settle at Rs 892.50 at the close of trading yesterday.

Shares of public sector insurance company 'LIC', in the last 15 days, . An increase of almost 25 percent. lic stocks, iamge from freepik. Adani Group shares led LIC, shares to rise LIC's new insurance plan, its quarterly results and investors' foray into public sector stocks have pushed its share price slightly higher in the market than it was nearly a year ago. Shares of LIC rose 4.47-percent to trade at Rs 746 on the National Stock Exchange yesterday. LIC's 'Jeevan Utsav' program has been well received in the market. Also, LIC has a certain amount of investment in Adani Group shares, which has helped LIC in the appreciation of the group's shares. Apart from these, it is worth noting that if the recent state election results are in favor of the ruling BJP at th...

One important thing that policyholders need to know is that from maintaining documents to maintaining claims, this record plays a vital role in ensuring financial security.    Medical insurance  Why health insurance claims are rejected While having medical insurance can help you meet medical expenses, there is a chance that an insurance claim may be rejected for various reasons. A recent report released by online insurance service Policipasaar has revealed important information regarding rejection of medical insurance claims. These data also indicate the need for beneficiaries to have greater understanding of medical policies. There are several reasons why medical insurance claims may be rejected. Some of the most common reasons include, Incomplete or inaccurate information, This can include errors in the policyholder's information, such as their name, address, or date of birth. It can also include...

Starting January 1, 2024, all insurers in India will be required to provide their policyholders with a simplified policy information document (CIS). The CIS is designed to help policyholders understand the key features of their insurance policy in plain language, without having to wade through complex legal jargon. Insurance policy. CIS will include information such as The name and number of the policy type of policy (e.g., life, health, motor, etc.) sum insured, coverage period, exclusions and waiting periods, claims process. Policyholders can request a copy of their CIS from their insurance company at any time. It is important to read the CIS carefully and understand the coverage that you have purchased. If you have any questions, you should contact your insurance company directly. The IRDAI has mandated the introduction of the CIS in order to improve transparency in the insurance sector and make it easier for policyholders to understand their policies. The CIS is expected to be a v...

LIC introduced a new Jeevan Kiran policy on July 27, 2023. It is a non-linked, non-participating, individual, savings, life insurance plan. The plan offers life cover with return of premium. The minimum sum assured is Rs. 15 lakh and the policy term ranges from 10 to 40 years. The premium can be paid in regular or single installments. LIC introduced a new Jeevan Kiran policy The key features of the LIC Jeevan Kiran policy are Life cover with return of premium Minimum sum assured of Rs. 15 lakh Policy term of 10 to 40 years Premium can be paid in regular or single installments Differential premium rates for smokers and non-smokers Rebates available for sum assured more than Rs. 50 lakh If the life assured survives till the maturity date, the total premiums paid will be refunded. In case of death during the policy term, the sum assured will be paid to the nominee. The  LIC Jeevan Kiran policy is a good option for those who want life cover with the option of getting back t...

No, the Life Insurance Corporation (LIC) will not refund the full policy amount if only half of the premium has been paid and the balance is not paid in between.  Life insurance corporation  What happens if you dont pay your whole life insurance policy? The amount that can be refunded is called the surrender value, and it is calculated based on the premiums that have been paid and the length of time the policy has been in force. The surrender value will be lower than the full policy amount, and it may also be subject to a surrender charge. The amount of the surrender value will depend on the specific policy terms and conditions, but it is generally around 30% of the premiums that have been paid. For example, if you have paid $10,000 in premiums on a policy and then surrender the policy after 3 years, you may be able to get a surrender value of $3,000. If you are considering surrendering your LIC policy, it is important to carefully review the policy terms and cond...

It is important to take out a death only policy at a young age. Here are some of the reasons why: Life insurance  in article's 1,   Life Insurance: Read this first if you are going to take it  2, What are the terms and conditions of term insurance?  3, Here are some additional terms and conditions 4, Claim settlement ratio of health insurance companies 5, Here are some of the benefits of a high CSR 6, What are the most common claims rejections 7, Which company and which policy is best? 8, Here are some additional tips 9, Additional benefits with life insurance Life Insurance: Read this first if you are going to take it Your premiums will be lower. The younger you are when you take out a life ins...