Page 4 - Life Insurance Today OCTOBER 2017

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Contents Focus

5 5 5 5 5 Life Insurance provides financial
Editorial 3 security to the insured's depen-

dents or loved ones, if some-
An Overview of Universal Life Insurance Policy thing were to happen to insured un-
- Dr. P. Sundara Pandian, M. J. Senthil Kumar & expectedly. There are lots of plans
Dr. N. R. Nagarajan 5 available in life insurance, but univer-
sal life insurance combines the best
Beware of Spurious Calls and Fraudulent Offers options to the insured. It is the
- Jagendra Kumar 8 affordability of term insurance with
the long-term security of permanent
or whole life insurance.
BSLI Protect@Ease Plan
from Birla Sun Life Insurance 16
8 8 8 8 8 Spurious calls in the name of

LIC's JEEVAN UTKARSH regulatory organizations and
from Life Insurance Corporation of India 19 government or quasi govern-
ment authorities has been a problem
which has been in prevalence for
Renew lapsed policy faster through quite some time now. Recently some
self-inspection 21 gangs have been exposed to a new
scam of the Insurance Sector "Fake
Sahara Life is dying what happens next? 22 calls from IRDA". This scam is to trap
the existing policy holders who are
not satisfied with their existing plan
Raising the bar 24
and are not getting desired returns,
bonus or claims. People across India
IRDAI Circular 25 these days are receiving calls from
Telephone Numbers of Metro cities
LEGAL 27 and the tele-callers introduce them-
selves as representatives of IRDA.

Statistics 34 Although renewing a motor

Important Insurance Contacts 37 2121 2121 21 insurance policy is easy and
can be done online too, about
20% of car insurance policies and 40%
LIC News 38 of two-wheeler policies lapse in India.
Now, however, private general insur-
Private Life News 39 ers are offering the facility of self-in-
spection that can speed up renewal of
lapsed policies. Renewing a lapsed
IRDAI News 41
motor insurance can take two-three
days or more as inspection of the ve-
Glossary & Poll 42 hicle is mandatory in such cases.

4 October 2017 Life Insurance Today

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