IRDAI License Number: IRDAI/INT/ISNP/2022/250

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Impact of maximum lead time of repair/replacement on premium

The loss of profit insurance policy differs from other insurance policies in respect of concept of Indemnity period. In other policies, the period of insurance (From….to….date ) & period of indemnity indicate the same thing. Let us try to understand the difference for a LOP policy.Period of indemnity in a...

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Interdependency in MLOP Policy

Have you ever marvelled at the deft movement of a puppeteer's fingers that create a real life like scenario before you. For a moment let us move away from the obvious excellence of skills of the puppeteer and look at the environment  around him, which make his show a success....

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Benefits of Group Term Insurance for an Organization

Group term life helps tackle employee attrition by ensuring concern for employees’ health and well-being, and in turn, help them draw more new talent to their organization. It also boosts productivity by creating a stress-free work environment Better productivity assures bigger profits for the company. Lastly, it has Tax benefits...

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Tax Benefits under Term Insurance Policy

Term insurance plans have lots of tax saving benefits, which make them one of the best life insurance options available in the market.Benefits under Section 80C of the Income Tax Act:Section 80 C of the Income Tax Act, 1961 allows tax exemption up to Rs.1.5 lakhs p.a. on your Term...

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Benefits of Key Man Insurance for an Employer

It protects against business risk in the event of unfortunate death of the key person. The premium paid will be treated as business expenses and the company would save 30% plus surcharge on every rupee of premium paid for such a policy as per current tax law. Disruption of lines...

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