In recent times, insurance is gaining popularity in India. There are over two dozen players in this industry and they have a large market in front of them to explore. There are all sorts of insurance products like life insurance, health insurance, vehicle insurance and so on and so forth.
Term Insurance is the most basic and popular form of Life Insurance. This is primarily because, it comes with the assurance of money in case of the untimely death of the person insured. At any...
Amongst the various mind-boggling questions that life throws at us, viz; how do I secure my family? How do I find my child’s education? Should I buy a Life Insurance cover? The question of ‘How is a Term insurance premium calculated reigns supreme.
Read one to go through the nitty-gritties of a term insurance premium and how it is calculated.
The purpose of buying life insurance is to provide life cover to the policyholder and a financial security to his family. Where term...
Term insurance is designed to pay out benefits if you pass away during the policy term. Unlike whole life insurance policy, it does not grow cash value, so it is crucial to adjust the terms of the policy based on your life needs and dependents at the time. You may choose to opt for higher coverage earlier in life when your expenses are higher. Later on, you may decide to decrease the term insurance coverage as your expenses drop throughout the years.
Can I reduce coverage of my policy?
Insurance companies take multiple factors into consideration before determining how much premium an individual should be paying. A premium is the amount of money that an individual is required to pay to get a financial coverage from an insurance company. While a lot of those factors can be controlled by the policyholder himself, some cannot be controlled in any way. If you control the factors that affect premiums, you are lowering your chances of being a high-risk investment and...
As we move ahead in our lives, our responsibilities grow and we start to realize how essential it is to plan for the future. We start to look beyond our own needs and requirements and start to think about those of our loved ones. Investing in term plans is one of the best ways to provide your family members with a security blanket, something that would cater to their needs even if you aren’t there with them.
Nobody wants their family to struggle to make their ends meet,...
Securing the family’s future is one thing that most individuals worry about in their everyday life. It is a valid concern considering the ever-increasing cost of living in today’s world. Individuals who wish to secure their family’s financial future turn towards life insurance due to the considerable range of benefits associated with it. There are different types of life insurance covers available in the market based on one’s specific requirements. Let’s take a...
According to data collected by the Ministry of Road Transport and Highways, more than 100,000 fatalities take place on the roads of India due to accidents every year. Though the numbers are decreasing as every year passes, the count of deaths on the roads of India are still over 1 lakh per year. This is despite the fact that the Government of India has imposed strict on-road rules and regulations. To add to the problem, a majority of the vehicle owners on the roads of India are uninsured and do...
When it comes to making investments, most people look out for investment options that offer high returns but are relatively low-risk. However, it is important to remember that the level of risk that you are willing to take is tied to the returns that you will receive. Thus, you need to assess your appetite for risk and invest in financial avenues accordingly. Listed below are a few popular financial options that you can consider investing in this year.
Public Provident Fund: Public...
Term insurance is an insurance cover taken for a specific period of time. During this period, if the insured person dies, the sum assured is paid to the beneficiaries who are ideally family members in most cases. The sum assured is the amount of cover which the insured person wishes to choose at the time of buying the policy. The benefit under the plan is payable only if the insured person dies. If the insured person survives after the plan completion policy period, they will not receive any...
Look around, can you notice the increasing number of insurance companies? Most of these insurance companies provide car insurance quotes. Have you ever wondered why? Do you know how to start a car insurance company?
There are many reasons that account for the rapid increase in the number of car insurance.
In most areas, you can’t own or drive a car without an automobile or car insurance and as driving continues to increase in popularity; the demand for best car insurance companies...
Exide Life Insurance Company Limited is a life insurance company maintained by Exide Industries of India. Exide Life Insurance has its links with various markets and agencies. It allocates its products over these multi channels along with direct channels.
The company is linked with around 200 offices across the country and consists of around 50,000 advisors from these offices. Exide insurance grants group life insurance solutions. The company acquires and asset of around 11,015 crores and...
A life insurance is a contract with an insurance company. In return for the premium payment, the insurance company grants the beneficiaries a lump-sum payment known as the death benefit if the insured dies.
As a rule, life insurance is based on the needs and goals of the owner. The term life insurance usually provides protection for a fixed period of time, while the permanent insurance as the whole and the universal life provides a lifelong protection. It is important to note that all types of...
Income Protection Insurance is the key for every working individual, especially those with a family and particularly those with obligation, (for example, a home loan). Picking the right protection supplier is an undertaking that can feel especially overpowering. Be that as it may, you shouldn't lose hope as there are simple approaches to look at Life Insurance strategies.
Firstly it's critical to comprehend what Income Protection Insurance is with the goal that you can precisely analyze the...
When it comes to Insurance, many people still feel they are giving out money that is more of a waste. But is insuring one’s property, life, business… really wastage of money?
Let’s start by looking at what insurance is all about.
Insurance coverage is a form of risk mitigation or risk management whereby an entity undertakes to safeguard against future financial losses. It is a proactive measure to redirect lost to an entirely different entity usually an insurance company....
Indian two-wheeler market is on upsurge and superbikes worth millions such as Benelli, Harley-Davidson, Kawasaki Ninja, Ducati, etc. are being purchased by people. Naturally, it is one of the prized possessions of your life. You will try by every means to protect it from any form of damage - financially and emotionally. The best way is to purchase a two wheeler insurance cover that will secure you against traffic accidents, fire, storm, theft or other damages, caused by natural or...
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