Understanding Claim Settlement Ratio

One of the most critical metrics when selecting an insurance provider is the claim settlement ratio. This ratio measures an insurer's reliability by indicating the percentage of claims the company has successfully paid out compared to the total claims received in a year.

It directly reflects the insurer's commitment to its policyholders and is an essential indicator of the company's financial health and customer service efficacy. Understanding this ratio can help you gauge h......

Understanding Life Insurance Premium Deductions

Life insurance is more than just a financial safety net, it also offers valuable tax benefits that can help policyholders maximise their savings. The government encourages individuals to invest in life insurance by providing tax deductions on premiums paid, ensuring both financial security and reduced tax liability.

 

Understanding how these deductions work under Sections 80C and 10(10D) of the Income Tax Act can help you make informed decisions and optimise your ......

Difference Between Term Insurance and Life Insurance

Insurance policies are crucial tools that help manage risk and offer financial stability during unexpected events. They protect against potential losses from accidents, health issues, or property damage. In this blog, we will delve into the various types of insurance available, such as health, life, auto, and home insurance, and explain their importance in s......

What Every Investor Must Know Before Selling Assets

Long-term capital gains (LTCG) are profits earned from selling assets held over a specified period. In India, the definition of “long-term” varies depending on the asset—typically more than 12 months for equities and over 24 or 36 months for property and other assets. Understanding how LTCG is taxed is crucial for investors, as the applicable tax rates, exemptions, and deductions can significantly impact overall returns.

Knowing the rules around LTCG helps you plan better an......

A Comprehensive Guide to Choosing the Best Investment Plans for You

Investment plans are financial strategies designed to help individuals grow their wealth over time by investing in various assets, such as stocks, bonds, or real estate. These plans cater to different financial goals, risk tolerances, and time horizons. Whether you’re saving for retirement, a significant purchase, or just building long-term wealth, choosing the right investment plan is crucial. In this blog, we will explore different types of investment plans, their benefits, and ......