LIC policy

‘CIS to help policyholders to know about policy in simpler terms’: Experts on key insurance rights

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‘CIS to help policyholders to know about policy in simpler terms’: Experts on key insurance rights

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a new circular that recommends insurance companies to furnish important details to policyholders to ensure their protection of interests. This initiative aims to improve transparency for policyholders and streamline their communication with insurers. As per the guidelines, the life and general insurance companies have … Read more

Now you can surrender your LIC policy without losing insurance cover. Here’s how

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Now you can surrender your LIC policy without losing insurance cover. Here’s how

ACESO has rolled out the Assignment of Life Insurance Policies (ALIP) program, designed especially for Life Insurance Corporation of India (LIC) policyholders thinking about surrendering their policies or dealing with lapses. With ALIP, you can get the surrender value of your endowment insurance policy and still keep your life cover benefits. ALIP provides policyholders with … Read more

The era of smart savers: How fintech industry is revolutionising finance in India

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The era of smart savers: How fintech industry is revolutionising finance in India

Fintech and youth seem to be a match made in heaven, as youngsters increasingly get serious about money, a trend promoted by digital platforms By Reya Mehrotra When Mumbai-based Shahira Khan first started saving in 2012, she would give Rs 1,000 to her mother every month from her salary, which would be kept in a … Read more