Insurance
Regulation: IRDA launches new website

IRDA has floated a new website www.policyholder.gov.in to educate and protect you. It will...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Regulation: Shriram Life pays Rs28 lakh penalty

IRDA has penalised Shriram Life for a few violations and did not press charges for numerous...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Life Insurance: single-premium gets a breather

Single-premium insurance products were under the scanner of Insurance Regulatory and Development Authority (IRDA) as being risky. IRDA has relented after life insurance companies convinced IRDA that single-premium business is not disproportionate to the overall business and that there is a big market for these. The Union Budget for 2012-13 has made it mandatory for life insurance policies issued after 1st April this year to offer risk protection of at least 10 times the annual premium of the policy to be eligible for the tax benefit under Sections 80C and 10(10D) of the Income-Tax Act. Many of the existing single-premium products are low on insurance component.

User

COMMENTS

Sandeep k

5 years ago

Hello, I work as a life insurance advisor for LIC of India,
Where can i get the clear information about IRDA's new regulations. If single premium policies are not providing 10 times insurance coverage then are they eligible for proportionate tax benefit or not.

How LIC's Beema Bachat , Jeevan Vrudhhi are going to get affected .
I have ask this to you because LIC's website is not updated.

Thanks
Sandeep K.
Pune

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)