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8 Types of Insurance Policies Available in India
Table of Content What is Insurance? Classification of insurance plans in India Life insurance General insurance Health insurance Motor insurance Travel insurance Home insurance Fire Insurance Marine insurance Commercial insurance How to buy insurance? Things to keep in mind when buying insurance FAQs What is Insurance? Insurance is a risk management tool that promises compensation…
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6 Best LIC Policies to Invest in 2024
The Life Insurance Corporation of India was formed in 1956 as the sole life insurance company in India. Since then, till the year 2000, the company has enjoyed a monopoly position in the life insurance segment and has created a customer base of more than 250 million individuals. Every individual has an inherent trust in…
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Are traditional life insurance plans a worthy investment?
Traditional Plans: What comes to your mind when you hear the phrase traditional insurance plans? If policies such as endowment, money back, retirement plans are some of your answers, then you are on the right track. If not, let us try to get some more clarity around the same. Traditional insurance plans are nothing but…
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Age vis-à-vis retirement planning – It is never too early to start
New age millennials are all about planning ahead for stable careers. They have innovative and refreshing ideas for starting their own ventures, are up to speed with the latest developments in their surrounding and believe in smart work. Their age is on their side and they try to reach for the stars. However, when it…
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These mistakes can cost you a comfortable retirement
When you think of retirement you think of days when you can sit back, relax and enjoy life one day at a time. However, relaxation and enjoyment come at a price. You need a source of income post retirement so that you can lead a comfortable life. Since you are no longer in active employment,…
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Bought a term plan? Don’t forget to renew it timely
A term insurance plan is a life insurance policy which promises to pay a benefit if the insured dies during the chosen tenure of the policy. For instance, if you buy a term plan for 20 years and death occurs within these 20 years, the sum assured is paid under the plan. If, however, the…
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Does a term plan cover all types of deaths?
Knowingly or unknowingly, we all take small steps towards ensuring maximum safety. For example, you wearing a helmet before riding, or wearing a seatbelt before driving. There are numerous such instances. However, when it comes to securing the future of our loved ones, we tend to miss out a few important points. One of the…
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Is Life Insurance a Good Investment Option – Complete Analysis
Why do you buy life insurance plans? Is it to achieve financial security for your family or is it to create wealth? It is only human to want more and so many of you want to avail multiple benefits from your life insurance investments. Insurance companies also understood this sentiment of their customers and so…
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How to save income tax?
The tax saving season is in full swing as the financial year closes on 31st March 2019 and you want to explore all possible avenues to save as much tax as possible. While the new Interim Budget 2019 has made some very good changes, these changes would be applicable from the next financial year (1st…
