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Know about single premium term insurance plan
Securing one’s family in one’s absence is one of the most important needs of every individual. That is why you work hard to provide financial security to your family. But what if, suddenly, your financial plan goes haywire because of your untimely death. Would your family be financially secured? They might not be. After all,…
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TDS on Life Insurance Policies
Tax saving is a primary motive in every investor’s mind. That is why people try and invest in tax-saving avenues that help in lowering their tax liability. When it comes to life insurance policies, one of their USPs is tax-saving. Life insurance policies allow tax relief on both the premiums paid and the benefits received.…
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Why should women buy term life insurance?
Women empowerment has become the all new rage in today’s age when women are becoming increasingly independent. The importance of women is being felt everywhere. Women have become independent and it is no surprise that they also need an insurance plan of their own. However, many of you don’t give due importance to a term…
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Top myths about buying Life Insurance online
The world is progressing and the digital movement has seen a tremendous growth in the past decade. With the progress of internet the online platform has boomed. The online marketplace has completely transformed the way you shop. It allows you the facility of comparison, ease of transaction and the promise of lowest rates. Even life…
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Term life plan or money back plan which one to buy?
Life insurance plans come in many variants. You can buy a plan which replaces the lost income in case of death of the bread-winner or a plan which specifically plans for your child’s future. There are plans which are designed for retirement funding while others help you enjoy capital market returns. Every life insurance plan…
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Ask these things yourself if you are considering or thinking of not buying a life insurance
Financial experts have always advised on the importance of a life insurance policy. They state that the policy should form a part of your financial portfolio. But how many of you take this advice? Unfortunately, not many! As per the ‘Transformative Agenda for the Indian Insurance Industry and its Policy Framework’ report written by ex-IRDAI…
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Reasons to buy term insurance before you turn 30
When it comes to life insurance, you cannot ignore the all-too-relevant term insurance plan. The plan provides unmatched financial security both to you and your family. Because it has the lowest premium rates, you can afford to get the optimal coverage on your life. This optimal coverage gives your family financial security if you were…
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Types of life insurance
Variety is the spice of life, isn’t it? Then should life insurance plans be of the same type? Wouldn’t you need different plans for meeting different financial requirements? You would and life insurance companies understand this sentiment. That is why they offer a range of plans to cater to your varied requirements. Do you know…
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Answer these questions before doing your financial planning
Financial planning – some say it is art while others boil it down to a series of steps. What is financial planning exactly- Art or science? Financial planning is, in actuality, a mix of both. While there are definitive steps for making a successful financial plan, understanding the steps and applying it to your finances…
