insurance

ULIP (Unit Linked Insurance Plan) 101 – All that you need to know

What is it?ULIP is a financial product providing both insurance and investment at the same time. How does it work? A part of the premium is diverted to provide life insurance to the policy holder. In case of death of the policy holder either the sum assured or the fund value, whichever is  higher is …

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Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY) – How to download your insurance certificate and everything else

The Pradhan Mantri Jeevan Jyoti Bima Yogana (PMJJY) is a life insurance scheme that is a part of the prime minister’s social security scheme. Though I have paid the premiums twice now, I was not sure of the fine print and where I could download the insurance certificate for the Pradhan Mantri Jeevan Jyoti Bima …

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Your definitive guide to e-Insurance (eIA)

Electronic insurance or e-insurance (eIA) accounts have become mandatory since 1st October 2016. You need to have an account if you want to buy insurance from now on. What is an e-Insurance account? According to the IRDAI (Insurance Regulatory and Development Authority of India) “e-Insurance account is the portfolio of insurance policies of a policyholder …

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