Search results for: insurance benefits

Including life insurance in your financial plan is vital. Nonetheless, there is a lot of confusion and often skepticism when you consider buying a policy. This is due to its complexity or the hesitancy to discuss death. Gaining a proper understanding of life insurance makes it easier to buy a policy. Here are ten important…

Your children are grown up and independent. The mortgage on the home is repaid. You are now retired and enjoying the golden years of your life. In this situation, there is no need for insurance coverage, right? Typically, life cover is availed to replace the loss of income in case something unfortunate happens to you…

During the final stage of getting a home loan, lending institutions will suggest you buy a home loan insurance plan. This is an insurance product that is meant to provide your family with financial support to repay the loan in case of unfortunate events. Therefore, in case of your untimely demise, disability or temporary job…

Life is uncertain and one way to secure your financial future is through insurance. Traditional plans like endowment and money-back policies are expensive if you want to avail of a higher coverage. A more affordable way to procure a higher sum assured is term insurance. It is a pure life cover and pays the policy…

Purchasing insurance can be a tedious process. Since there are so many options insurance policies available in the market, it can be a very confusing to choose the best investment plan for yourself, especially when it comes to life insurance. You might want to invest in a plan that gives you a good coverage for…

Section 80C and 80D of the Income Tax Act is a boon for many people. Under these sections of the Income Tax Act, you can claim tax benefits on the premium that you pay for life and medical insurance policies. However, one needs to consider the Goods and Service Tax (GST), and whether you can…

With the onset of the new financial year, a whole new world of opportunities opens up for young, “under 30” salaried individuals. With additional cash in account in the form of performance bonus and others, there is so much one can do. While some may want to splurge their money on compulsive buying, the smarter…

Taking an insurance policy is not just a necessity these days, but also one of the best financial coverage options that you can opt for. There is always the harsh reality of an unforeseen calamity in life lurking around the corner, which may cause future distress to your family and dependants. Investing in a suitable…

When you are planning your long-term financial targets, considering buying a life insurance plan is essential. Life cover comes with many financial benefits. To understand how it works, you must learn about the life insurance payout and its different aspects. Once you learn that, you can plan your finance accordingly. When do you receive a…