Endowment Policy vs Term Policy

Financial planning needs to begin at an early stage in life. It disciplines you into saving and building a secure financial future. However, you need to find the correct balance between insurance and investment when managing your finances.

Securing the future of your loved ones is the top.....

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Term Insurance: Benefits and Returns

As breadwinners of the family, people truly prefer to have a peace of mind that in their absence, their families would be safe and well looked after. This desire is made possible for people by availing a term insurance policy. In essence, term insurance is a form of life insurance policy that pro.....

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Short Term Investment Options

Short-term goals like home repairs and improvements require funds that can be made available in the near future. Certain investment options are perfectly suited to meet these requirements, since they allow the invested amount to grow reasonably over a short period of time. Briefly explained below.....

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Deduction under Section 80ccc of Income Tax Act

Chapter VIA in the Income Tax Act is one of the most useful sections of the law, since it contains several provisions that allow taxpayers to enjoy several tax benefits. Section 80CCC, which is a part of chapter VIA of the Act, is one such provision that gives individuals some much-needed relief .....

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Term Insurance and Whole Life Insurance: Differences and Similarities

A sound financial plan has a perfect blend of insurance and investment. When it comes to insurance, many people prefer opting for life insurance or term insurance plans available in the market. But it is easy to get confused between these two policies, mainly because both serve the same purpose –.....

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Similarities and Differences Between Term Insurance and Life Insurance

It is easy to get confused between term and life insurance policies as both of them essentially serve the same purpose of safeguarding you and your family against any untoward turn of events in life. The important distinguishers between universal life insurance and a term insurance policy are rel.....

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Aam Aadmi Bima Yojana (AABY)

Introduction

Aam Aadmi Bima Yojana (AABY scheme) is a government-funded scheme introduced to provide financial assistance to people belonging to the economically weaker section of society. Since these parts of the population face financial hardships, the added pressure of a medical emer.....

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Online Term Insurance Comparison

 Introduction

Life insurance plans are term plans which can be brought by people to secure the financial needs of their family members in case of their sudden demise. A term insurance plan is a simple and steady way to save money for your family, especially if you are the sole brea.....

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Introduction

Filing for taxes and still figuring out how to save some money. Medical bills and expenses not helping in tax exemption? Ever thought about getting a term insurance policy? Term insurance is a financial instrument that offers tax benefits to its policyholders. Term insuranc.....

Who is Eligible to Claim Term Insurance Premium Tax Benefit?

Individuals and Hindu Undivided Family organisations (HUFs) can claim term insurance tax benefits on premiums. It can be done by asking for a deduction on the paid premium of the insurance policy.

 

Term .....

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Types of Life Insurance Plans

Types Of Life Insurance Plans

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Comprehensive Section 80C Deductions

The Comprehensive Section 80C Deduction List

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Term Insurance Meaning: Types and Features

Term Insurance Meaning and Benefits

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PMJJBY - Features and Benefits

Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY)

Pradhan Mantri Jeevan Jyoti Beema Yojna is a life insurance plan specially designed for underprivileged families in India. Any Indian citizen that falls in the age category of 18 to 50 years and with an active savings account can avail o.....

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How does a Term Plan with Return of Premium Work?

Introduction

Term insurance plans are the most affordable kind of life insurance policy. The life cover offered is valid for a specified period, known as the policy term. In case the insured person passes away during the policy term, the insurer pays out the financial benefits due under.....

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What is a Joint Life Insurance Policy?

Opting for an insurance plan has become crucial for better financial planning, keeping future uncertainties in mind. Nowadays, people opt for term insurance policies to protect their family's future in their absence. Usually, term insurance plans give financial security to a single person. Howeve.....

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Benefits of Having a Medical Test for Term Insurance

The contract of term insurance makes it legally binding for the issuer of the policy to make good their promise of the payment of the sum assured upon the death of the policyholder within the term of the policy. Therefore, before issuing a term insurance policy, insurers need to ascertain the med.....

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Did you know that one of the eligibility criteria for term insurance plans is your age? Yes, term plans have specific criteria for the minimum and maximum ages of entry for prospective policyholders. Although the term insurance age limit varies from one plan to another, it is generally between 18.....

 Exclusions From Term Insurance Plans

Term insurance plans also have some exclusions. Although the specific exclusions in a particular term plan depend upon a variety of factors, including the term insurance entry age limit, there are some general exclusions that apply to a majorit.....

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Increasing Sum Assured Term Plan.

Increasing Term Insurance Plan

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Term Insurance for Senior Citizens

Term Insurance for Senior Citizens

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ULIP vs Term Insurance

Having sufficient savings and investments, along with adequate insurance, makes up for a sound financial plan. With the plethora of insurance instruments available in the market, choosing the right one can be a daunting task.

Every insurance product has its pros and cons, but the purpose .....

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About PMJJBY vs PMSBY

The Government of India has initiated several schemes to provide basic healthcare facilities to people across the country. The Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are two such schemes established by the government to provide immediate r.....

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Term Insurance Claim Rejection Reasons

Introduction

A term insurance plan is an ideal way to ensure that your loved ones don’t struggle financially in your absence. In the event of the term insurance policyholder’s death, the insurance provider makes a lump sum payment to the family of the deceased.

 

Th.....

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5 Reasons Why Term Insurance Plans Have Low Premium

5 Reasons Why Term Insurance Plans Have Low Premium

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5 Tips on How to Choose Best Term Plan in India

5 Tips on How to Choose Best Term Plan in India

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Deaths Not Covered Under Term Insurance

Types of Deaths Not Covered Under Term Insurance

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Difference Between Health Insurance and Term Insurance

Difference Between Health Insurance and Term Insurance

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How to Buy Term Insurance Online?

Introduction

Getting a term insurance plan is the most efficient way to ensure that your family stays protected even in your absence. The lump-sum payout that your family receives from the term insurance provider can be utilized by them to cover their living expenses and to take care of.....

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A Beginners Guide to Buy Term Insurance

A Beginners Guide on How to Buy Term Insurance

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Term Insurance Terms and Conditions

 Introduction

The main aim of individuals, especially those who are responsible members of a family setup, is to ensure that their dependents are secure in the event that any unforeseen circumstance occurs. Typically, in several Indian homes, there is a concept of patriarchy that s.....

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What is Nominee and Who should be Your Nominee

What is a Nominee and Who Should be Your Nominee?

One of the best ways to secure the financial future of your loved ones is by getting a term insurance plan. A term plan is the most feasible life insurance product that offers a lump sum benefit to your dependents after your unfortunate .....

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Why should Parents Buy Term Plans?

Starting a family is a huge responsibility. You now have to consider yours and your family’s life aspirations when setting future financial goals.  As parents, it becomes your responsibility to secure the future of your child. It may be in terms of ensuring that they get a good education, ha.....

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Affordable and Cheap Term Insurance Plan

Cheap and Affordable Term Insurance Plan

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Difference Between Child Insurance and Term Insurance

As a parent, it's natural to worry about your child’s future. You want them to get the best education and quality of life, even if you're not around. Financial planning helps protect your loved ones if something happens to you.

 

Child insurance and term insurance are two pop.....

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Term Plan Claim Ratio - Why is it Important?

Introduction

Term insurance plans are the simplest kinds of life insurance. They offer death benefits in case of the policyholder’s demise. Since they are pure life covers, they are the most affordable kind of life insurance too. But before you buy a term insurance plan, there are many .....

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9 Term Insurance Plan Benefits

Introduction

Studies have shown that uncertainty about one’s financial situation is one of the leading causes of stress in a person’s life. Term insurance is a popular financial instrument that can address these fears while securing the financial future of your loved ones.

&nbsp.....

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What is Postal Life Insurance (PLI)?

Public employees have several government-backed insurance options available to them. One such scheme is the Postal Life Insurance (PLI) scheme. The Postal Life Insurance, or PLI, scheme is an insurance policy established in 1884 and is currently managed by the Department of Posts under the Govern.....

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Postal Life Insurance - Features and Benefits

Postal Life Insurance

Postal Life Insurance (PLI) scheme is one of the several government-backed insurance schemes. It is an insurance policy managed by the Department of Posts under the Government of India. PIL was launched in 1884. It aims to ensure the welfare of the employees of var.....

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Saral Jeevan Bima Yojana - Eligibility, Benefits & Details  

In recent years, the demand for pocket-friendly and no-frills life insurance policies has increased substantially. Keeping this in mind, in January 2021, the IRDAI (Insurance Regulatory and Development Authority of India) introduced a standardised insurance plan called the Saral Jeevan Bima Yojan.....

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Myths About Term Insurance

Myths About Term Insurance

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IRDAI Guidelines for Term Insurance

Transformation of Term Insurance through IRDAI Regulations Amidst the Global Pandemic

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Joint Term Insurance Plan For Husband and Wife

Did you know that you can purchase a joint term insurance plan for husband and wife and have both spouses covered under the ambit of the same plan? Yes, a joint term plan for couples is a comprehensive financial product that can provide a life insurance cover to you and your spouse.

What.....

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Term Insurance Payout Options

About Term Insurance Payout Options

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Term Insurance Riders

What is a Term Rider?

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Single Premium Term Insurance

Single Premium Term Insurance

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Online vs Offline Term Insurance Plan

An Overview - Online vs Offline Term Insurance

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Bajaj Allianz Term Insurance Plans

Life is unpredictable. We cannot foresee what happens next in our life. It is always better to be prepared for all kinds of emergencies. Have you ever thought of your loved ones’ future if something happens to you? Your love and care can pertain even if you are not around. You can protect your fa.....

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Family Term Insurance

What is Family Term Insurance?

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Know the difference between term insurance and life insurance

Term Insurance vs Life Insurance

In modern times, life insurance has become an important financial tool to protect your family. With time, people have started recognising the importance of buying life insurance in order to create a financial safety net for their loved ones in case of th.....

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8 Ways to Reduce Your Term Insurance Premium 

8 Ways to Reduce Your Term Insurance Premiums

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Benefits of Group Term Life Insurance Policy

Term insurance has become a popular financial tool for individuals. It is ideal for those looking to protect their families in the event of an unexpected demise. In India, many companies are offering group term insurance policies to their employees. This is typically done as part of their benefit.....

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Disadvantages of Group Term Life Insurance Plan in India

Group term insurance is the plan that you can take to secure your loved one’s future as it provides financial assistance to your partner in your absence. Being a salaried individual, you will benefit from receiving this complimentary plan with your compensation package. In general, your organizat.....

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Group Term Life Insurance vs Individual Life Insurance

Group Term Life Insurance Vs Individual Term Insurance: Know the Difference

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Types of Term Insurance Plans

Types of Term Insurance Plans

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Is Term Insurance Good or Bad?

About Term Life Insurance?

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What Is a Whole Life Insurance?

 What is a Whole Life Insurance Plan?

Whole life insurance, also known as permanent life insurance, offers you coverage up to the age of 100 years. Such a risk cover safeguards your dependents from any unfortunate mishap for your entire lifetime. The insurance plan.....

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Term Insurance Without Medical Test 

Introduction

Just like how wealth creation is an important aspect of your life, ensuring that your loved ones continue to stay protected financially even in your absence should also be a priority. But then, how do you ensure that? Through a term insurance plan, of course!

Usuall.....

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Benefits Of Choosing Lump-Sum Term Insurance Payout

Having a contingency plan in times of need is an absolute necessity. In your absence, your family should still be able to sustain a financially healthy and secure lifestyle. However, the sudden loss of income resulting from your demise can take a toll on your family’s financial well-being. This i.....

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Married Women's Property Act, 1874 (MWP Act)

Married Women's Property Act, 1874: Know Everything About the MWP Act

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10-Year Term Life Insurance Policy

A term life insurance policy provides coverage to the family members in the event of your unfortunate death. To make sure your loved ones stay safe and their life does not come to a standstill even after you are gone, you should start a term life insurance policy. Out of all the term insurance pl.....

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All about Term Plan Benefits and Pure Risk Protection

Purchasing term insurance is one of the best selfless acts you can do for your loved ones. This insurance cover offers financial security to your family even after your demise. It is a type of safety measure you take not for yourself but for the ones close to you. Though we avoid thinking about d.....

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20-Year Term Life Insurance Policy

Every individual wants to ensure that their family is financially secure at all times. While life is full of surprises, it doesn’t necessarily have to be in your favour. A term life insurance plan provides financial security even when you are not around. A 20-year term life insurance policy enabl.....

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Parameters to Compare Online Term Insurance Plans

The process of buying term insurance plans online has gained immense popularity in India in recent years, thanks to its great convenience and a wide range of plans to choose from. However, with the plenty of options available, sometimes it may also get confusing when looking for the best-suited t.....

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Do you need to supplement your corporate term life cover with an individual policy?

Did you know? A few private companies offer group term life insurance to their employees as a part of their salary package. Though it’s a notable perk for every employee, ensuring if it suffices your financial needs is essential. Corporate term life cover entails limitations, and hence it can be .....

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