IRDA wants all its customers to move to a paperless world. The introduction of insurance repository system (IRS) is one such part of this initiative. An account called e-insurance account will be available for all customers who hold insurance policies.
Insurance, nowadays, is no longer restricted to the traditional term plans or whole life policies. The opening up of the insurance sector in the last decade, has brought with it companies, offering a variety of choices with a range of plan features.
We would know at least one person in our family who has purchased a life insurance policy. It could be traditional policy, ULIP or a Pension Plan. Most of the life insurance policies are purchased for saving tax under section 80C.
Mobile number portability (MNP) has brought about flexibility to a lot of mobile phone users who wanted to shift to a better network without having to change their numbers. Similar concept was introduced by IRDA in the health insurance domain.
Gold is among the most loved precious metals in the world. It’s a wonderful ornament to wear as well as a great hedge against inflation and falling markets. Another significant attribute of gold is that it can be liquidated easily around the world.
Have you ever wondered, without having any formal knowledge of finance, how your mom used to plan monthly budget for your family. Whatever the husband earns, a housewife seems to manage with that, in most of the cases. Genius they are…..