Getting adequately covered is also not easy as there is no single formula for evaluation of the amount of life insurance coverage one needs. The standard practice of financial advisors, however, is being used to determine the life insurance coverage through certain thumb rules which are a very often, a rudimentary method is 10-12 times […]
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Category: Life Insurance
Your Family Situation decides your Insurance Coverage!
Mostly, people concentration lies in picking the best life insurance product from the best insurance company but without any evaluation of adequate insurance coverage. While contacted by readers who tend to generally ask us very generic common question: Tell me which company or insurance plan is the best suited? But one chief question, they never […]
Are Children Insurance Plans really worth for you?
The biggest financial commitment of any parent is undoubtedly aspire to offer the three best things to your children – the best education, a decent life style and their grand marriage. With the birth of child, some of us spontaneously intend in our mind to get child insurance policies towards planning for our children’s financial […]
New Positive Changes in Insurance Policies from January 2014
Some of the most widely sold life insurance policies especially traditional policies like Endowment Plans, money back plans and even ULIP’s will to discontinue after 31st December in this year. IRDA’s new product guidelines have already laid down some major changes in life insurance industry and will becom e effective from Jan, 1 2014 which […]
How to get rid of your Junk Insurance Policies?
I am very much sure that all you must have existing insurance policies. And these may not have been giving you decent return life insurance cover, nor do they providing you the kind of return as you desire Now, in this article, you have an opportunity to get rid of those kinds of policies that […]
Setting Rightful Nominee for Life Cover!
We all know about the key purpose of buying life insurance policy is to pass the benefit of your life cover to your loved ones, if you are no longer around. It could then, be possible, if you had assigned a rightful person who has insurable interest in the life of assured while buying an […]
How can avail loan against Life Insurance Polices?
You must have bought traditional life insurance plans for investment purposes. But, you must also know that their return will not be more than 6% a year but could not surrender the policy as that may mean losing 60-70% premium that you have paid over the years. However, here is good news for you that, […]
Single or Joint Life Insurance Policy?
Life insurance can be purchased to cover just yourself or you and your spouse as joint in the event of either of you passing away.A regular question when couples take out life insurance is whether the insurance should be taken out on a single or joint life basis? When arranging life insurance, it’s important to […]