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Month: March 2016

IRDA revises third-party motor insurance premium rates for 2016-17

March 31, 2016 PolicyAdvisor 0

Third party insurance cover is set to increase for various categories of motor vehicles, including by a steep 40 per cent for private cars in […]

No refusal for motor insurance

March 28, 2016 PolicyAdvisor 0

Third-party  motor insurance refusal rates have seen a big drop, with the regulator cracking the whip on insurers refusing to provide such covers. Insurers have […]

What You Need to Know About Buying Term Insurance Plans Online

March 22, 2016 PolicyAdvisor 0

Term insurance policies are among the most notable, so it is important that you understand why you should buy a term insurance plan, and how […]

How to choose the right retirement plan?

March 18, 2016 PolicyAdvisor 0

Once you decide on investing in a retirement insurance policy, consider the following: • Whether the plan offers the option of long-term savings • Do […]

Who can join Atal Pension Yojana?

March 18, 2016 PolicyAdvisor 0

Anyone who is in the age group of 18 to 39 years and 364 days is eligible for Atal Pension Yojana. It means if you […]

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What is Atal Pension Yojana?

March 16, 2016 PolicyAdvisor 0

Atal Pension Yojanaor APY, a pension scheme for Indians in the unorganized sector. According to this scheme there is a guaranteed minimum monthly pension of […]

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What are employment based pension plans

March 16, 2016 PolicyAdvisor 0

An employment-based Pension plan is retirement insurance plans or annuity plans where the employee allocates a portion of the current income to retirement income, usually […]

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Can I get NPS if I am self-employed?

March 16, 2016 PolicyAdvisor 0

Yes. All Indian residents in the age group of 18-60 years can invest in the NPS. The scheme is mandatory for government employees and optional […]

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What happens if I move residence to another city?

March 16, 2016 PolicyAdvisor 0

The NPS is portable. Subscribers can keep the same PRAN regardless of whether they move residence or location. The same PRAN is valid across India […]

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Does the NPS send a monthly statement?

March 16, 2016 PolicyAdvisor 0

Yes. NPS sends a physical annual statement with details of unit holdings via the CRA within 3 months of the closing of each financial year.

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