Once the decision to purchase life insurance has been made, then you need to determine the amount of insurance required to secure your family’s financial needs and risks.
An average Indian insures herself or himself for Rs. 100,000 to Rs. 200,000. Now, ask yourself a simple question. In fact, even if you [...]
The basic premium rate offered by an insurance company is not negotiable.
However, life insurance cost could be lowered if you:
Select a term plan that offers you no money in case you survive the term of the policy. This is the purest form of life insurance. It provides your family with viable [...]
Maturity benefits, also called Survival benefits depend totally on the type of life insurance policy purchased.
Term Plans: The insured will receive no benefits on surviving the term of the policy.
Return of Premium Term Plans: The insured receives the value of the premiums paid for the entire term of the policy.
Whole [...]
Once the decision to purchase life insurance has been made, then you need to determine the amount of insurance required to secure your family’s financial needs and risks.
An average Indian insures herself or himself for Rs. 100,000 to Rs. 200,000. Now, ask yourself a simple question. In fact, even if you [...]
Imagine you are the breadwinner in your family and suddenly you were to be taken away from them. Your income flow to the family will freeze.
Would your savings be sufficient to take care of your family’s needs from then on?
Life insurance is a tool that can reduce that risk. It replaces [...]
The cost of buying a life insurance policy depends on:
Your age, gender, health, occupation and hobbies
The type of policy you select
The sum assured i.e. amount you choose to insure yourself for
The term i.e. number of years you propose to remain insured
The premium paying term i.e. number of years you [...]
Although it is not immediately obvious, insurance forms a critical part of your investment portfolio. It is not just important, it is necessary. Paying towards your insurance policy is a sacrifice done today to provide for needs in the future.
Insurance policies are typically long term. Premiums paid toward the insurance plan are however locked in [...]