Peace of mind is something that all of us strive for at every phase of our life. A concern always lingers in our minds about the well-being and financial security of the people we care the most about. A common thought that often comes to our mind is – what would happen to them if […]
Articles Tagged: Life Insurance
How to Save Money When Buying Insurance?
Insurance is a vital financial tool that provides peace of mind and protection against unexpected events. Be it any insurance type, it is essential to save money on insurance, as it helps you balance financial protection and affordability. Saving money when purchasing insurance involves understanding your needs, researching, and exploring options to reduce premiums. Saving […]
Key Differences between Life, Marine and Fire Insurance
Life insurance, fire insurance, and marine insurance are three different types of insurance policies that provide protection against different types of risks. Life insurance is a contract between an insurer and the insured party that provides financial support to the insured party’s beneficiaries in the event of their death. The policyholder pays a premium to […]
Top Life Insurance Companies in India with Claim Settlement Ratio
Life insurance is becoming an essential part of every Indian household. It doesn’t just provide financial security in the event of your departure but also helps you deal with unexpected expenses. The claim settlement ratio is an important part of purchasing a life insurance policy. A comprehensive life insurance plan coverage with a lower premium […]
Nominee in Term Insurance
A term insurance or life insurance as it is commonly known is an insurance product that guarantees cover after the death of the insured. There are various versions of term insurance available in the market. All types of term insurance have one thing in common – the nominee. How does pure-term insurance work? Term insurance is […]
How can an employer differentiate its overall Employee Benefits design?
There are many facets to preparing a design for an optimum employees benefits program. Below are a few tips that will help you stay ahead and relevant – Aligning the employee-benefit strategy with the overall business objective of the company. You need to periodically revisit the benefits strategy to ensure that it supports business […]
What are the advantages to a borrower to buy credit life insurance?
A credit life insurance policy prevents the borrower’s family to repay the loan in the case of the borrower’s death or disability. The following are the advantages to a borrower to buy a credit life insurance policy – 1. Save your family from financial hardship – If you have credit life insurance, you are not […]
Term insurance is not an investment product, as it has no maturity value
Published in Mint on Feb 02, 2017, Written by Abhishek Bondia How do I lower the cost of buying life insurance? I am 28 years old and earn Rs20,000 per month. I am the sole earner in my family and can only spare around Rs2,000-3,000 a month for insurance, which I now consider to be […]
You cannot change a term plan specifications after buying it
Published in Mint on Jan 19 2017, Written by Abhishek Bondia What is an adjustable life insurance plan? Can this be done for a term plan? —Gautam Chopra An adjustable life insurance gives the option of changing the plan’s specifications during the term of a plan. Changes can be made to the sum assured, premium […]
A life annuity plan may be issued without any medical underwriting
Published in Mint on Dec 15 2016, Written by Abhishek Bondia I will retire in 5 years. I am single with no dependents. Also, I have diabetes but have not gone through any other major treatment. How can I plan for my retirement? Would you recommend an insurance plan? —Oscar D’silva The key risk for […]