There are times in our life, that we may feel we are left alone and being pushed hard by whatever circumstances in life. For some, they use this moment to make them stronger, wiser and better person. But for some, they didn't fight back. They just accept the reality and concede on the great defeat. These are the people who will not be successful in life. Success is a series of failures that we need to overcome everytime and...more
We all need some kind of security in our lives. When you have a family, their welfare is your top most priority. However, there are some things that you cannot control such as Death. It can happen without any notice and it can leave a family struggling financially. Life insurance is an easy and secure way of making sure that the financial security of your family is enough for any problems they may encounter after the heartache of losing a loved...more
Birla Sun Life Insurance wins Good Corporate Citizen Award for 2009-10Mumbai, 25 September, 2010: Birla Sun Life Insurance Company Ltd. (BSLI) has won the prestigious Good Corporate Citizen Award for the year 2009-10 in Mumbai under the newly introduced category of Banking and Financial Institutions. Good Corporate Citizen Award, introduced by Bombay Chamber of Commerce and Industry in 1993, aims to recognise and honour conspicuous achievement by corporate in terms of service to the civic community, in addition to outstanding operational performanceBSLI has bagged this accolade by undertaking a number of key initiatives that have resulted in an all inclusive stakeholder engagement. 100% Claims Settlement Ratio and setting up of a Policy Holders Grievance Redressal Committee has given a distinct customer centric identity to BSLI amongst the peers. While engaging into several employee welfare programs, the organisation also conducts annual staff surveys to gauge employee satisfaction and constantly revises the staff training and development modules to suit the ever changing Insurance environment. At BSLI corporate social responsibility means managing business responsibly and...more
Like most other things, getting the best insurance deal does not necessarily mean that it will be the cheapest option. Sure, everyone likes to get a good deal and occasionally you may come across a bargain but most of the time, when it comes to life insurance, those deals are few and far between. A cheap or bargain policy usually has so many...more
Every college to which students enroll offers the opportunity to live on campus for everyone. It is especially important for those students who come from other cities or states, or even countries as they have no place to live in the surroundings. However, even under the condition of free housing offered by the college, some students...more
Underwriting for Individual PoliciesAll states require the medical underwriting of individual policies. This helps insurance company to verify the applicants medical history and lifestyle before determining the type and price of the policy. Through underwriting, the company wont be able to refuse if the condition does not exist or not defined at the time of application. However, it could be a basis for the company to refuse coverage for anyone who has risk of future claims. The insurance code authorizes a company to discontinue coverage for pre-existing conditions after the issue of the policy for certain time period. However, most companies do not follow the pre-existing conditions especially when the policy is in effect at the time it is issued.Insurance companies have the right to deny a claim if an applicant is proven guilty of using false information that could have affected the policy, whether it should have been issued or not. On the other hand, if the applicant revealed information that do not necessarily affect the policy, then the insurance company cannot change any future claims after the policy has been issued for two years or more. Also, iIf the person disclosed wrong...more
Shopping for long term care insurance cant be accomplished in two to five hours. This is not a typical insurance that you can just forget and replace it with other coverage. Getting long term care insurance entails time and proper planning to ensure...more
Have you heard of long term care insurance for so many times but still unaware on how is it going to affect you? The common blunder is that people only consider getting insurance coverage once they get into a point when they are seriously ill,...more
Getting whole life insurance is one of the best investments you can make for your family for after you are gone and cannot take care of them anymore. Through whole life insurance you can make sure that your family is well taken care of financially so...more
A question asked often by many people is "What is term insurance?" Consumers often find themselves at crossroads when buying insurance. It is a life insurance policy that provides coverage for a certain period of time. Life term...more
Long term care insurance is insurance which gives for in-home care of the patient. This would be added to the patient's current health insurance plan, or it is provided through Medicare plans. It's a plan which should be purchased...more
Life insurance is probably the most overlooked or lacking aspect of peoples estate planning. Many clients claim that financial security for their spouse and/or children is a priority, yet when the subject of life insurance comes up, they often look...more