Personal Finance

Insurance corner

| Updated on March 17, 2019 Published on March 17, 2019

Future Generali to reinstate lapsed policies

Future Generali India Life Insurance has announced its special late fee waiver campaign, ‘Revival Time’, for the benefit of their existing customers. This move will help reinstate lapsed policies, Customers can pay the outstanding premium and receive a late fee waiver of up to ₹2,000 till March 31, 2019. This offer is valid for all lapsed policies under the revival period; however, it is subject to certain underwriting rules and company policies.

The insurer has also enabled multiple payment options for the policyholder’s convenience. Customers can pay online through the company’s website, Paytm, BillDesk, PayUBiz, UPI and JioMoney. Alternatively, they can visit their nearest SBI bank, Axis Bank, ICICI Bank, Common Services Center (CSC), ItzCash and 100+ Future Generali Life Service Branches to revive their lapsed policies.

HDFC Life Sanchay Plus launched

Sanchay Plus, launched by HDFC Life, is a non-participating, non-linked savings insurance plan and comes with four benefit options — guaranteed maturity, guaranteed income, lifelong income and long term income. The guaranteed maturity option provides guaranteed benefit at maturity which can be up to 2.45 times the premium paid. The guaranteed income option provides guaranteed regular income up to 228 per cent of the annualised premium per annum after maturity for a fixed period. The long-term income option provides guaranteed regular income for 25 or 30 years with return of total premium paid at the end of the payout period. Lastly, the life income options provide guaranteed income till the age of 99 years with return of total premium paid at the end of the payout period.

The plan also comes with two rider options — income benefit on accidental disability rider and critical illness plus rider. In case of death of the life assured during the policy term, the death benefit along with accrued guaranteed additions, if applicable, is payable to the nominee.

Add-on cover from Edelweiss General

Edelweiss General Insurance has introduced add-on cover, Health 241, for Edelweiss’s base health policy. If the ‘two for one’ add-on is bought along with the insurer’s health insurance Policy, and if the first year is claim-free, the customer is covered free (for the add-on policy) for the second year.

This plan can be added on whenever anyone purchases a new Edelweiss health policy for the first time and the premium waiver benefit is currently applicable during the first renewal of the policy, if there is no claim paid/payable during the first year.

Published on March 17, 2019

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!


Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.