Life Insurance
Life Insurance and Health Insurance: Why to Get Insured and Which Cover is Essential?
All battles are planned, but no battle is eventually fought as per plan! Life is beautiful as long as one is not inflicted with a critical illness or a heart attack or does not end up as a victim of somebody’s reckless driving, leaving behind a helpless family that is left to fend for itself. […]
How to Get Started: Basics of Buying a Life Insurance Plan
Well-being and the safety of your family always remain your topmost priority. You work hard and earn a living to make sure that you have enough wealth to help your family members achieve their goals. Life insurance is a class of financial instrument that can help you fulfil your financial obligations to your family. Life […]
What is Insurance: Meaning, Types and Benefits
An insurance is a legal agreement between an insurer (insurance company) and an insured (individual), in which an insured receives financial protection from an insurer for the losses he may suffer under specific circumstances. Under an insurance policy, the insured needs to pay regular amount of premiums to the insurer. The insurer pays a predetermined […]
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 […]
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 […]
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 […]