A Unit Linked Insurance Plan is an insurance plan that offers you a life cover and is also an investment. In a Unit Linked Insurance Plan, part of the premium that you pay goes towards giving you a life cover and the remainder of the premium is invested for you by the insurance company. Read this guide to learn all about Unit Linked Insurance Plans.
With life insurance policies providing its customers so many goodies, it is very surprising to note that not many people in India even bother with buying life insurance. The question then becomes why? These are some of the most common reasons why people might not buy life insurance.
We all give considerable thought to tax saving. This is an important aspect of financial planning. You must consider Life Insurance policies, a Health Insurance policy, for you and your parents, and pension plans and you can save on taxes. This is your quick guide to understanding how you can save taxes with insurance products. Read on to learn the basics and know how it works.
Having a Life Insurance plan is very important to secure the financial future of your family if you are not around. You can secure your family’s future by choosing to get a Term Life Insurance policy. We’ll give you not one, but five reasons why choosing an Online Term Life Insurance plan is the easiest and quickest way to throw that safety net around your family.
Sure a superhero has all the powers, the admiration and he/she gets the glory of having saved the day, but if you look at the grand scheme of things, Life Insurance does more than just save the day; it saves the future. It battles the villainy of time, inflation and unfortunate events to make sure that the future of those it protects is safe!
Wondering if an investment-linked insurance product is a good option for an investor? The argument against hybrid insurance products is that they fail in both, generating better returns and offering adequate insurance cover. Another argument against these plans is that they are very expensive. The only thing that works in favour of investment-linked insurance products is convenience. They offer three benefits: insurance, investment and tax-saving.
Excerpt: Many of us have the wrong idea about Life Insurance policies. To put it simply, Life Insurance gives your loved ones financial security in your absence. But there’s more. Not sure about which policy to choose? We’ll give you an overview of the different types of Life Insurance policies and even crack some myths associated with Life Insurance for you. With our guide to understanding Life Insurance, we’ve got you covered.
5 Very Wrong Reasons People Buy Life Insurance
Going by recent findings, more and more Indians are steadily abandoning their Life Insurance plans within two years of taking them on. Although Life Insurance is every bit the great financial product it’s meant to be, most people buy it for all the wrong reasons.
What will happen to your dependents if something unthinkable happens to you today? Have you ever thought of end-of-life financial planning? Well, it’s actually hard to think of the end of your life and plan your finances. It sounds very unpleasant to you as well your dependents. But it’s important to do so when you are healthy and keep your finances in order and your wishes in writing.
Have questions about Fixed Deposits and Life Insurance but don’t know where to begin? Here’s your ultimate guide that decodes what you’ve always wanted to know. We’re letting you in on financial secrets no one else will tell. Stay smart, save smart. Are you taking down notes yet?