All articles under category - Life Insurance

Why is insurance important?

All of us wish to achieve financial freedom at some point in our life, and when it comes to doing that, we tend to believe that savings are enough to be financially stable. But, if you look at life from a practical perspective, you would understand that savings alone are not enough to achieve financial […]

What does endowment policy mean & how does it work?

An endowment policy is a life insurance policy which helps you in creating guaranteed savings for your financial goals. The plan has a death benefit and also a maturity benefit. In case of death of the insured during the term of the policy, a promised death benefit is paid. Moreover, if the insured survives till the end of the policy tenure, a promised maturity benefit would be paid. Thus, endowment insurance plans cover both death and maturity and help in creating savings.

Why you should buy riders with term insurance?

Buying term insurance is a critical part of your financial planning; a must-have product which you must buy irrespective of your income level and risk profile. It makes sure that your loved ones are financially secure when you are not around.

ULIPs vs. Mutual Funds: What should you choose to secure your child’s future?

Becoming a parent is like changing your entire world. It is considered to be among the most beautiful yet a difficult time that many people experience. Your responsibilities suddenly double up. Therefore, when embarking on this new adventure, preparation is a certainty and financial preparation starts with wise investments.

Whole vs. term life insurance: What you need to know?

Buying life insurance can seem a little tough, but it is a certainty of life. So, before you make that choice, make sure you know what’s what. The reality is that both term and whole life insurance have their virtues. It’s just a matter of which will work best for you.

Top 5 reasons to buy a life insurance policy

As we move through life, find a partner, raise a family, and maybe start a business, the importance of life insurance in a long term plan increases. That’s because insurance is all about providing a financial safety net that helps you to take care of yourself and those you love when you need it the most.

Why cost of term insurance may increase soon?

Over the last couple of years, and also owing to the pandemic, the industry and the reinsurers have been experiencing mortalities higher than that assumed in the premium calculation, where the current level of premium rates have become unviable. This is compelling them to increase term insurance premiums because re-insurers have revised their premiums (which life insurers have to pay for re-insuring their risk) upwards.

Going digital in the times of Covid-19!

The world as we knew it has changed. Today, we are maintaining ‘social distance’, even with our loved ones. My favourite axiom at during these times is ‘Virtual is now Reality’. Literally!

While social distancing is the norm, our digital distance has significantly reduced. We see multi-fold growth in digital adoption, across our daily activities – be it working, reading, teaching / studying, socializing, exercising or even cooking! We now turn to our devices and turn on video or voice capabilities to provide us with the necessary information, guidance, options and even interactions.

ULIPs and its contribution in securing your child’s future

With the many joys of becoming a parent, comes the certainty of securing your child’s future. Every parent wants to safeguard their child’s future & make all their dreams come true. Start by insuring yourself. No matter how well you save, insuring yourself must be a certainty. Your insurance policy acts as the second roof for your dependents. This will also help meet your child’s educational needs which would otherwise be hard to cover.

How to buy a life insurance policy post COVID-19?

Everyone knows that Coronavirus & Covid-19, are the latest buzzwords these days. Since the day it was first reported, the virus has certainly wreaked havoc all over the entire world. There is also a growing perception that in the times ahead, the need to buy life insurance will go up. Given this fact, people are now more concerned and looking forward to buying a life insurance policy.