Archive for November, 2010

lic Pension Plus table 803

Posted on November 24th, 2010 in Pension Plans, ULIP - Unit Link Plan

LIC’s  Pension Plus (UIN: 512L260V01) Table 803: “In this policy, The investment risk in investment portfolio is borne by the policy holder.” Lic Pension plus is a Unit Linked Deferred Pension Plan, which provides you a minimum guarantee on the gross premiums paid. The plan is without any life cover. You have a choice of [...]

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Insurance act Section 41, 42, 43, 44, 45 year 1938

Posted on November 21st, 2010 in insurance act

Prohibition of rebates: Section 41 of Insurance Act, 1938: (1) No person shall allow or offer to allow either directly or indirectly as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to live or property in India, any rebate of the [...]

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