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How to Make a Life Insurance Policy Claim?

Life insurance plans can be of two major types— term insurance and traditional life insurance. A term plan offers a lump sum death benefit to the nominee in the event of the demise of the policyholder during the policy term. The death benefit offered is usually a large lump sum amount. On the other hand,Continue reading “How to Make a Life Insurance Policy Claim?”

Is It a Good Idea to Invest in a ULIP?

A survey found that 2 out of 3 Indians wished to invest in a ULIP plan in 2021. In fact, the affinity towards these products had highly increased in 92% of the participants after the first COVID wave when things had returned to normal. ULIP remains a popular investment tool due to its dual benefitContinue reading “Is It a Good Idea to Invest in a ULIP?”

Life Insurance Policy Types And Who Are They Suitable For

According to experts, our financial planning is incomplete without a life insurance plan. An insurance policy protects the economic well-being of dependant family members in the case of an unforeseen incidence that results in the policyholder’s untimely death. However, many people are surprised to learn that there are diverse types of life insurance plans—each withContinue reading “Life Insurance Policy Types And Who Are They Suitable For”

Differences Between Child Education Plans and Child Insurance Plans

Child insurance and investment plans are designed to secure your child’s future. This is especially needed in the unfortunate event of a parent’s death. Well-structured policies ensure the children do not have to compromise on their educational needs and lifestyle. But both plans differ from each other in certain aspects. It is vital to haveContinue reading “Differences Between Child Education Plans and Child Insurance Plans”

Choosing A Cancer Insurance Plan? 5 Things To Keep In Mind

Cancer cases appear to be on the rise in India. According to the National Cancer Registry Programme Report 2020, the number of new cancer cases in the country will increase to 15.6 lakh by 2025, a 12percent jump from the present forecast. Surprisingly, it is not genetics that is driving the increase in patient load.Continue reading “Choosing A Cancer Insurance Plan? 5 Things To Keep In Mind”

4 types of insurance every woman should buy

After entering into adult life, everyone realizes the amount of responsibility that comes with a decent job. We start planning our lives and how we can make it better for ourselves as well as our loved ones. The adult-life aspects that we should think about include saving for the future, term plans, working towards theContinue reading “4 types of insurance every woman should buy”

5 reasons to consider term insurance policy this quarter

Life is uncertain and 2020 was nothing short of a reassurance. Not only has the pandemic hampered the various facets of human life. Along with this, it also impacted the economic condition of both – nations and people. This made many individuals question: What if they do not have enough funds for sudden events WhatContinue reading “5 reasons to consider term insurance policy this quarter”

Critical Illness Insurance: Why Should You Buy It

The stressful lives we lead today, combined with bad eating habits, lifestyle habits, and pollution have all made us prone to serious diseases like cancer. By 2025, over 1.5 million people are expected to suffer from cancer; a 12% increase from 1.39 million in 2020, says a report by ICMR published in Hindustan Times. Moreover,Continue reading “Critical Illness Insurance: Why Should You Buy It”

Corona Rakshak Policy: Everything you should know about it

Corona Rakshak Policy is primarily a benefit-based health policy that has been launched as per the recent guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI). IRDAI has encouraged both – General Insurance Companies and Standalone Health insurance providers to offer this policy. This policy was created taking into consideration the increasingContinue reading “Corona Rakshak Policy: Everything you should know about it”

Life Insurance: 6 Reasons Why Women Need It

Buying a life insurance plan is a necessary form of financial protection, usually more so for women. For homemakers or stay-at-home moms, a life insurance policy can prove to be a financial safety net for unexpected crises. While working women may bring in a pay check on a month-to-month basis, it is equally necessary toContinue reading “Life Insurance: 6 Reasons Why Women Need It”