Term insurance and emergency funds are both necessities for your financial strategy and portfolio. Emergency funds will help you get money to meet quick or urgent needs, while term insurance will be a boon for...
Can I purchase Term policy from Private companies? Is it safe? Yes. You can purchase term policy from any life insurance company of your choice whether it is private or government. All companies are controlled by...
Avoid riders along with term insurance policies. Most of the insurance companies are offering many riders along with the policy by charging extra premium. A rider is an additional benefit other than the death benefit....
If you are purchasing a life insurance policy without disclosing your actual health conditions/ medical history/ habits like drinking or smoking, there is a possibility of rejection of claim in future. The Concept of Life...
In ULIP, the insurance company is investing your premium in a mix of equity & debt instruments as per your mandate. ULIP policy can give better returns compared to other types of policies discussed above....
Wildfires in Australia, blizzards in Texas, now flash floods in Germany and Belgium: The growing likelihood of extreme weather has insurers and homeowners alike wondering how to best minimize risk of climate change. Many people...
IRDAI has made lots of changes in the pension sector in the last 2 decades. But it is still not an attractive product for the investors. What has changed in these policies in the last...
In children policies, the insurance company will waive the future premium in case of death of the proposer. The child will get all the benefits as planned! This is the sales pitch by insurance companies....
In money back policy, you will be getting certain percentage of the sum assured at different intervals. A typical 20-year money back policy will give you 20% after 5 years, 20% after 10 years, 20%...
What happens, if you want to exit from endowment policy? Let’s see what happens if you want to get out of the endowment policy after purchasing this. It is called Surrender. If you have decided...
Life insurance companies always innovate and come out with policies with maturity benefits along with a death benefit. Let’s understand endowment policy with an example: If you are aged 35 and purchasing a 20 year...
Recently, one of my young friends died due to cancer. Arun was just 35 and was working for a software company in Bangalore. He is survived by his homemaker wife Aarthy aged 30 and 2...
