INSURANCE
Importance of Insurance
Insurance is one of the ways you can mitigate and hedge against the risk of unforeseen losses. While risks lead to rewards, the downside is a possible loss. Losses can happen due to multiple reasons both on professional and personal fronts. When you start a new venture by investing your savings, you have a chance […]
Difference Between Life Insurance and Life Assurance
The difference between life insurance and life assurance is so subtle that it’s easy to confuse them as one of the same thing. You and your spouse have dreamt of so many life goals such as building a house, educating your children, and so on. You are diligently saving towards your goals but you are […]
Waiver of Premium Rider Benefit
A waiver of premium ensures you will still have life insurance coverage even if your earnings are reduced due to injury, disability, or critical illness. The rider is used mainly to cover life insurance costs in the event of critical illness or long-term disability. If you are affected, this rider will waive your insurance premiums […]
What is a Lapsed Policy?
Deferment Period Under a Child Insurance If you have an insurance policy, it is necessary to pay regular premiums to keep the coverage active. If you stop paying premiums, the coverage will lapse and you will be uninsured. This could leave you vulnerable to high medical costs if you are diagnosed with any disease in […]
Who is a Proposer in Insurance?
Deferment Period Under a Child Insurance Insurances are a type of contract between two or more parties in which one party agrees to pay the other party a sum of money in exchange for protection against a specified loss. The party paying the amount is the insured, while the party receiving the premium is the […]
Difference Between Life Insurance and Life Assurance
Life Insurance Vs Life Assurance The difference between life insurance and life assurance is so subtle that it’s easy to confuse them as one of the same thing. You and your spouse have dreamt of so many life goals such as building a house, educating your children, and so on. You are diligently saving towards […]
How Do I Know If I Am a Beneficiary of a Life Insurance Policy
Life Insurance Plan | Best Life Insurance Policy The Government of India introduced beneficiaries to ensure that a policyholder’s legal heirs cannot claim the death benefit until they are named as beneficiaries in the life insurance policy. Despite that a lot of insurance policies go unclaimed each year. If you want the answer to your […]
Joint Life Policy – Types & Benefits
Types of Joint Life Policy and Benefits It takes two to make a home. That’s why Joint Life Policy offers financial security to the spouse of the policyholder. Untimely deaths of a partner can leave their spouse with no support whatsoever. That’s why the joint life insurance policy gives financial protection to both partners in […]