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 »
What is Layoff? Layoff and downsizing can be used interchangeably. It refers to the termination of an employee due to business reasons such as cutting costs and increasing profits, optimum utilization of resources etc. Layoffs are very common especially during economic turbulence or a recession. When a business slowdown occurs and the company goes through… 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 »
When it comes to real estate, Indians believe it to be the most rational, safe and secure class of assets. However, owing to the escalating realty prices in almost every city, investing in it has become costly, challenging and risky affair. Considering the situation, several people yearning to have their own home, are forced to… Read More »
Abhijeet is the proud owner of an expansive apartment in Mumbai, but not a lot of people know that he had to face some sleepless nights to buy his dream house. The long term home loan which he had taken for the apartment was haunting him. With the family’s responsibility on his shoulders, he was… Read More »
The growing popularity of Smartphones and electronic gadgets in India obviously shows that people are willing to spend large sums of money sometimes even an entire month’s salary to buy a mobile phone. Considering the fact that the secondhand mobile phones market in India is estimated at around Rs.400 crores, there is a good chance… Read More »
Generally, we are very cautious while taking a loan or a life insurance policy to save those last minute surprises. But most of us have a misconception about general insurance that choosing a tailor made policy will take care of you and your belongings. Besides the required coverage and sum insured, it is important to… 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 »