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Top Life Insurance Companies in India (Updated List 2024)
Table of Contents Introduction to Life Insurance Life insurance is a mutual agreement between an insurance company and a policyholder. Under this agreement, the insurer provides the nominee of the insured a death benefit or fixed sum of money in the event of the demise of the insured within the policy duration. This ensures financial…
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What is Mobile Insurance? Compare Mobile Phone Insurance – A Detailed Guide, 2024
Mobiles have become the part and parcel of the modern generation. It is no longer just a means to talk with people, mobiles today have become multifaceted which allow you to click pictures, chat through messages and even shop online. In fact, mobiles have become so important that many people have not one but two…
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Difference Between Annuity & Life Insurance
Life is full of surprises. Understanding and planning before any unforeseen events give you the benefit of financial stability. Knowing your financial requirements and retirement plans can give you an upper hand in choosing the optimal insurance scheme. Both life and annuity insurance are great long-term insurance schemes. However, they differ in their meanings, benefits,…
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Employees’ State Insurance Scheme – All you need to know about ESIS
Table of Contents What is the ESIS? What is the Employees’ State Insurance Corporation? Employees’ State Insurance Corporation Composition Eligibility for ESIS Features of ESIS How does ESIS work? What is covered under ESIS? Why is ESIS beneficial? The success of the scheme How to register for ESIS? Documents required for registering with ESIS In…
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YSR Pension Kanuka Eligibility Criteria, Benefits & Types
Table of Contents What is YSR Pension Kanuka? Y.S.Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh announced YSR Kanuka Pension Scheme in June 2019. YSR Pension Scheme has been launched by the state government of Andhra Pradesh for providing financial help to vulnerable sections of society. The vulnerable sections of the society include old…
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Deferred Annuity: Meaning, Benefits, Types & How It Works
Financial planning is important in all phases of life. But planning for retirement is vital to secure social status and financial stability in your old age. A deferred annuity is one such retirement plan to secure your funds for the future. It is a retirement plan that provides your financial independence after a certain age. …
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Assignment vs Nomination in Life Insurance
Table of Content: Difference between nomination and assignment What is nomination in life insurance? Types of nominees in life insurance 1. Beneficial Nominee 2. Minor Nominee
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Is Suicide Covered Under Life Insurance Policy
Life insurances are your safety protocols. They are to support the family after their family member’s demise financially. But what if the insured individual dies by suicide? Will the assured sum still be paid to their family? Does life insurance pay for suicidal death in India? Most policies cover suicidal deaths also. However, the death…
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Difference Between Participating & Non Participating Policy
Table of Contents Introduction to Participating and non participating Life Insurance Plans: Life insurance plans have several clauses and terms and it is quite obvious that you may not be familiar with all of these terms. Two very evident terms are participating and non-participating insurance. Now, what exactly are they and how do they differ…
