Overview

There are some charges beides the premium, that you pay for life insurance plans. These include commission paid to the insurance agent, administration charges towards your policy, mortality charges, etc.

There is a whole bunch of charges in ULIPs - Premium allocation charge, fund management charge, surrender charges, policy administration charges, mortality charges, fund switching charges, switching charges, partial withdrawal charges, revival charges, and miscellaneous charges.

All these charges are mentioned up front in the policy details. It may affect the performance of your plan.

ULIP: Charges

ULIP sales may slow down

ULIP sales may see a slow down on the account of monetary measures taken by RBI. ......

Insurers selling ULIP are following norms- IRDA

IRDA has recently undertaken a special audit of insurance companies such as Bajaj Allianz Life Insurance, SBI Life etc. selling ULIPs. ......

IRDA offer more flexibility to ULIPs

IRDA offers more flexibility to unit-linked products, relaxing the norm of keeping a minimum sum assured for the policy duration. ......

Whole Life: Charges

Dos and Don'ts while buying life insurance

Read onn to know the do's and dont's of buying life insurance. ......

What is the process to get a life insurance policy?

Although now banks offer bancassurance - the insurance agent remains the primary source of insurance information and guidance. ......

Whole Life Insurance Plans

Safeguard yourself for entire life, get a whole life insurance . Whole life insurance policies life cover for entire life or up to a certain age. No survival benefits since there is no definitive term ......

Childern's Plan: Charges

Insurance is null and void if suicide is committed within a year

Death claims are not payable under certain circumstances in case of life insurance. ......

Children's Life Insurance Policies

Children life insurance has now become a child's play. The children's life insurance policies provide cover for the child's parent/guardian/grandparent for a specified term ......

Pension Plan: Charges

Reduce life insurance premium costs

Riders, additional benefits add to your life insurance costs. Get the purest insurance form of insurance at the cheapest. ......

Dos and Don'ts while buying life insurance

Read onn to know the do's and dont's of buying life insurance. ......

What is the process to get a life insurance policy?

Although now banks offer bancassurance - the insurance agent remains the primary source of insurance information and guidance. ......

Decision-making Corner

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