Many people have more this concerned about taking policies whether they should go for Private Insurance companies or Public Insurance companies like LIC, SBI Life etc. They have always doubt in their mind, whether their policy will be safe with private insurers or not. They have misconception that LIC or public sector insurance companies are […]
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Category: Life Insurance
Mistakes Happen in Insurance Policy Proposal details!
All of us buy a life insurance or health insurance policy (term plan, ULIP, Endowment, etc.) Since, tax saving is coming us for the year, and agents are ready to take charge of you for selling insurance policies to save tax. Being agents, they want to make sure; you do less work and take up […]
Looking for surrendering or Paid up LIC policies!
Most of the people who buy any Traditional Policies from LIC or private companies’ don’t know a bit about terms and conditions on exiting the policy much before maturity. A general belief is that they would at least get their paid up premiums back with some interest. But, they are literally shocked, when come to […]
Should you go for Premium Back Term Plan?
Generally, people buy insurance for the most three reasons; to save tax, as an investment getting a good return on their money and the third- and perhaps most important – reason to buy insurance is to let their family be financially secured if they die. This is the only reason anything should be insured. The […]
Getting know-how about Pension plans or annuities
Simply put, pension plans or retirement plans are offered by insurance companies to help individuals build a retirement corpus. On maturity this corpus is invested for generating a regular income stream, which is referred to as pension or annuity. Pension plans are distinct from life insurance plans, which are taken to cover risk in case […]
Don’t buy Life Insurance, Buy adequate Cover!
‘Tax Savings’ always propel most investors to take arbitrary life insurance products. Most of us have taken several life insurance policies without understanding their complete utility. As per my understanding and experience with so many investors over the years, the top reason for taking policies is just for ‘Tax saving’. For most people, saving tax […]
Term Insurance-True protection for your loved ones!
What is Term or Pure Insurance? Term or Pure insurance is the purest form of life insurance. You pay only for protection in term insurance and there is no investment component in it. So you pay the premium each year and your family is covered in the event of your death. That is to say, […]
Are you aware about ULIP Charges?
ULIPs (Unit Linked Insurance Plans) are investment cum insurance product. If you take any ULIP policy from any company, then you pay some premium every year. And out of your premium some amount is cut for allocation charges, administration charges, mortality charges, fund management charges and all such charges by any other name. While buying […]