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Retirement is the stage of life when financial stability becomes paramount. To maintain the lifestyle you enjoy today and ensure that your future is free from financial uncertainties, it is essential to invest in a reliable retirement plan. Jeevan Akshay VII Plan, is a non-participating, non-linked, individual savings plan that guarantees immediate annuity payouts. This … Read more
Best LIC Insurance Plans for Age 61 to 65 Years – Many individuals aged 61 years and above are often curious about the best insurance options tailored for their age group. LIC (Life Insurance Corporation of India) offers a variety of plans catering to the financial security, investment, and retirement needs of people aged 61 … Read more
In today’s fast-paced world, financial security and growth are more important than ever. Whether it’s saving for your child’s education, planning a dream wedding, or ensuring a comfortable retirement, choosing the right investment strategy is crucial. One such reliable and high-performing option is the LIC Mutual Fund Large and Midcap Fund, a scheme designed to … Read more
The Government of Delhi, under the leadership of former Chief Minister Arvind Kejriwal, has launched two flagship schemes aimed at addressing the needs of economically weaker sections of society. The Mahila Samman Yojana and Sanjeevani Yojana were unveiled as a part of the Aam Aadmi Party manifesto for 2024-25. These initiatives are poised to provide … Read more
Life Insurance Corporation of India (LIC) has always been a pioneer in introducing insurance products that cater to the diverse needs of the population. Among its offerings, the LIC Micro Bachat Plan 751 stands out as an affordable and accessible insurance plan designed specifically for individuals with limited incomes. This plan eliminates the need for … Read more
The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, has drawn significant attention, especially regarding its agenda on reducing tax rates for life and health insurance premiums. This discussion, slated for the meeting in Jaisalmer, could have far-reaching impacts on the insurance sector, policyholders, and the broader economy. Here’s a deep dive … Read more
The Mukhyamantri Mahila Samman Yojana is a revolutionary initiative launched by the Government of Delhi to provide financial assistance to women across the city. Under this scheme, eligible women will receive a monthly benefit of ₹2100, marking a significant step forward in promoting gender equality and empowering women. This program is expected to positively impact … Read more
Life Insurance Corporation of India (LIC), the largest life insurer in the country, has announced a staggering unclaimed maturity amount of approximately ₹880 crores. This massive figure has garnered significant attention, raising questions about its origins, implications, and steps being taken to resolve the situation. Let us delve deeper into this development and understand why … Read more
The year 2024 brought significant reforms for insurance policyholders in India, thanks to the Insurance Regulatory and Development Authority of India (IRDAI). These customer-centric changes have made insurance policies more flexible, transparent, and beneficial. While these updates primarily serve customers, they also present opportunities for insurance agents to better serve their clientele and grow their … Read more
Life Insurance Corporation of India (LIC) has recently implemented significant changes in its commission structure and related policies, effective October 1, 2024. These changes, driven by new surrender rules and revised guidelines, have implications for LIC agents, customers, and the insurance industry at large. This article delves into the updated commission structure, the reasoning behind … Read more