Thursday, 27 October 2016

9 Questions You Must Ask Your Life Insurance Agent

Insurance is a legal contract in which two parties (Insurer and Insured) come into a mutual consensus. Like other contracts, there is no scope of verbal commitments; therefore, while signing such contracts, one ought to be aware of each and every aspect of it such as exclusions, deductibles, surrender value, cash value, and the like. Generally, it’s your insurance mediator or agent’s duty to tell you everything in straightforward words. Although every insurance agent follows insurance selling process, however, in some or rare cases we see policy misselling cases. So here, we have come up with some basic questions that you should ask your insurance agent to make sure you’re buying a worthy and genuine policy and which will help your family in rigorous times.

Sunday, 23 October 2016

32 lakh ATM cards compromised: Do it yourself and secure yours

More than 3.2 million debit card PINs have been compromised after a serious banking security breach. Many renowned Indian banks have been affected by this breach. The incident happened in such a time when banking sector, around the globe, is evolving at a very rapid pace and banks are encouraging customers to adapt online banking solutions. It is indeed that banks do their best to protect financial and personal information of customers but such security threats put question mark on banks' security systems.

Wednesday, 19 October 2016

Try to avoid these 10 mistakes while buying life insurance policy

Insurance is a risk management technique and we may consider it as a necessity to live a hassle-free life. Everyone is exposed to financial hardships but many of us ignore this fact assuming, “let go and let God work!” Are you one of them? If yes! Then don’t forget “God helps who help themselves.” Always have faith in God and hope for the best; but on the contrary, always ready for the worst. Having an insurance policy provides you peace of mind that you’re ready to face any unforeseen event of medical emergency or in the event of your demise your family can survive without you. It is indeed that having an insurance is very important but something is more important then an insurance policy and that’s, buying a right policy that fulfils your insurance needs. A right insurance policy can save your money. Being over-insured puts burden on your pocket and being under-insured does not give the benefits that you supposed to get from it. We also have seen a common dilemma among policyholders that "what do their policies cover and don’t cover?” Such dilemmas are indications that they (policyholders) have bought the policies without knowing the benefits offered by them.

Sunday, 9 October 2016

3 Ways to Link Aadhaar Card Number to Bank of India Account

To avail benefits provided by government schemes such as LPG subsidy, under Direct Benefit Scheme, your Aadhaar card number must be linked with your bank account. As you may already know that Aadhaar card contains our biometric and demographic data; which helps many institutions to verify someone’s identity. As per government of India guidelines, only consumers who have linked their Aadhaar card numbers to their bank accounts and LPG IDs will receive LPG cylinder subsidies. Therefore, if you’re not getting your LPG subsidy on your bank account then it might be due to Aadhaar card. In this post, we will show you how to link Aadhaar card number with Bank of India account online.

Friday, 7 October 2016

Different Types of Health Insurance Policies in India

Like Life Insurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sum insured. Health insurance is a best option for those who are unable to bear the unexpected or unforeseen medical expenses. Most of insurance policies provide cover between Rs. 1 lakh to Rs. 5 lakh; however, you can buy medical insurance cover between Rs. 5000 to Rs. 50 lakhs or more. Nowadays, you can find a variety of health insurance products to insure your different types of health related issues like; hospitalization expenses, critical illness, cancer insurance etc. Presently in India, there are various types of health insurance plans exist and we'll discuss about them in this post.

Tuesday, 4 October 2016

Link Your Aadhaar Card Number to PNB Bank Account Online

It is mandatory for all bank account holders to link their Aadhaar card numbers to their bank accounts, especially for those who want to avail benefits such as, Direct Benefits Transfer scheme, provided by the Government of India. Many banks are providing online and offline ways to link an Aadhaar number like State Bank of India, Punjab National Bank, and other renowned banks. In today’s post, you will read how to link Aadhaar card number with Punjab National Bank account online.

Monday, 3 October 2016

How to Activate SBI Net Banking Online

State Bank of India provides a wide-range of facilities to its customers and internet banking is of them. With SBI Net banking service, you can perform many banking activities such as; online shopping, payment of bills, recharges, ticket booking etc. Furthermore, you can monitor your account directly from your home. If you have basic knowledge of computer and internet then you can readily use this service. In this post, we’ll show you a step-by-step guide to activate e-banking service of the bank.

How to Link LPG Customer ID to SBI Bank Account Online

Government of India has been providing limited number of subsidized LPG cylinders to its all citizens and it is transferring the subsidized benefits to consumers’ bank accounts under Direct Benefits Transfer Scheme. But some LPG consumers are not receiving their LPG cylinders subsidies on their bank accounts. Most of the consumers are facing this problem because their LPG customer IDs are not linked to their bank accounts. In this tutorial, we will show you a step-by-step guide to link an LPG customer id to an SBI bank account.

Sunday, 2 October 2016

4 Ways to Link Aadhaar Card Number to SBI Bank Account Online

Aadhaar number is a unique identification number issued by Unique Identification Authority of India (UIDAI). Government of India has been taking many initiatives to make Aadhaar card number as one and only required document for identification purpose by linking it to an individual’s bank account, LPG account, PAN number etc.