The word ‘budget’ can be scary. It might feel restricting, or the process might seem really complex. When in fact, budgeting is not only simple but also necessary. Budgeting, if done right, is the art of spending our money wisely. We need to be aware of where our money is going, especially in this digital […]
Choosing a life insurance policy as per your salary is a crucial task. The cover amount (also known as Sum Assured) should be adequate to protect your financial goals. Apart from the right Sum Assured, you should select the right life insurance policy to help you achieve the milestones. There are various types of life […]
Know Your Customer (KYC) is the process of tracing and verifying the basic credentials of the customers by the financial institutions viz. banks, insurance companies, stockbrokers, etc. KYC is done before or during conducting financial transactions with the customers. Hence, it is the process by which your identity is checked and verified by financial institutions. […]
Charges in a Life Insurance Policy | Buy the Best Life Insurance Plan A life insurance plan is an exceptional investment product that extends life cover and an investment-cum-savings policy with lucrative gains. By investing funds in a life insurance policy, people can plan for the safety of their loved ones during times of crisis […]
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 […]
You work hard and earn a living so that you can take care of the needs and goals of you and your family members. One such goal you work for is Retirement. You hustle during your work life so that you live happily and stress-free post your retirement. After retirement, you can spend more time […]
Your financial life is divided into three unique segments – accumulation, preservation and distribution. The life of your investments also follows the same pattern. While you are professionally employed, you have an external source of income. In this period of life, you invest your savings to meet specific financial goals later in life. One of […]
If you decide to buy a life insurance policy, no matter what type of life insurance you choose and from which insurance provider you buy it, one part remains the same. This part is the application. Application is the first and the most important part of the life insurance policy. Application for life insurance includes […]
Having a life insurance policy is very vital. Irrespective of how good and comfortable the life you currently live, you don’t know what the future holds. Having a life insurance policy makes sure that your family members don’t struggle after you die. The purpose of life insurance is to ensure that your family can maintain […]
You are currently single and happy with your job and have no plans to get married or have a child. At this point, you might think what will be the use of buying life insurance as no one is dependent on you. You may think it will have no benefit. This is what the major […]