Life is very unpredictable; you never know what is going to happen in next few hours. This is the sole reason why we always plan to take insurance policy and cover all sort of contingencies. If you have dependents, you need insurance which will give you confidence that after you, your dependents will easily be… Read More »
Understanding Term Insurance: Term Insurance is a plain life insurance plan. It is the simplest and most fundamental death benefit plan without any money back or maturity benefits. The Term insurance product is designed for a specified term (between 5-30 years) and provides benefit to the beneficiary if the policyholder dies during the covered term.… Read More »
When considering a life insurance policy with riders, make sure to understand the exclusions in the policy. For example, under Term Insurance, if the insured person commits suicide, whether sane or insane, within one year from the date of commencement of a term policy, the cover will become void, i.e. the nominee cannot claim the… Read More »
Choosing the right kind of insurance cover not only determines the care that we receive should our health take a wrong turn, but it can be the wild card in your financial plan. There are many benefits of an insurance cover; however, topping the list of benefits is the financial support that a family gets… Read More »
Make provision for important events in your dependents’ lives. Your dependents will experience certain important life events, and you have to provide for these events. E.g. illness of the dependents, children’s education and marriage. Also once your children leave home or start working, then your household expenses will reduce. So from then on, you just have… Read More »
When the insurance advisor approaches to sell a policy or plan, his persuasive tone might drown your doubts that are critical to wise investment. Only features that provide a feel good factor are disclosed to the customer and the aspects that may discourage the customer are conveniently hidden by the agent. A careful inspection… Read More »
Have you ever thought of how much insurance would you require to live your life securely? Or you are simply taking policies for tax benefits or as agents approach you? It is a good question to be contemplated upon if not already done. Let’s see here the tips to choose insurance plans depending on factors… Read More »
There cannot be a one size financial plan that fits all. Depending on one’s circumstances, income level, lifestyle and family, every person must plan for a customized financial planning. Life insurance is one such financial tool that offers customers the flexibility of a personalized design. Since each person has a different financial background and different… Read More »
Usually a family comprises of a person who works and earns money for the family and also people who are dependent on him/her. They may not have any means of earning money and it is the responsibility of the breadwinner to secure his family in the case of any unforeseen tragedy or his untimely demise.… Read More »
It is a known fact that one cannot foresee what future has in store! Life is so uncertain that one cannot predict whether the next moment he/she will be alive or not. Keeping this perspective in mind, it is better to be prepared to face future uncertainties ahead! An excellent way to do this is… Read More »