Benefits of Public Provident Fund (PPF) interest rate
Mini Balakrishnan
The Public Provident Fund (PPF) interest rate is the rate at which the government pays interest on the funds deposited in a PPF account. The interest rate on PPF is fixed by the government on a quarterly basis and is announced by the Ministry of Finance. As of April 2023, the PPF interest rate is […]
Can the Premium Change During the Policy Tenure?
Mini Balakrishnan
It’s common for insurance premiums to change during the policy tenure. Insurers regularly review and adjust premiums based on various factors, including inflation, changes in risk factors, and the policyholder’s age. For instance, a policyholder who has aged may be more prone to certain health risks, which could cause the insurer to increase their premiums. […]
Factors That Affect Premiums for a Life Insurance Policy in India
Mini Balakrishnan
Purchasing a life insurance policy is an important financial decision, and there are several factors to consider that can impact the premium you’ll pay. Understanding these factors can help you make an informed decision when choosing a policy. Here are the key factors that affect the premium for a life insurance policy in India: Age […]
How to Claim Motor Insurance in India?
Mini Balakrishnan
Motor vehicle accidents are unfortunately common in India. In fact, according to a report by the Ministry of Road Transport and Highways, there were over 4.5 lakh road accidents in India in 2019, resulting in over 1.5 lakh deaths. In such a scenario, it is important to have a motor insurance policy to protect yourself […]
