Insurance

Most people buy life insurance to either save up on taxes or to secure their future but end up making certain life insurance mistakes that can be avoided. These policies don’t come for dirt cheap prices and surely you must be contributing a part of your income towards it. So to evade such errors and get the most out of your life insurance plans, read to know the 6 mistakes you should avoid while buying life insurance:1. Waiting Too Long to Buy a Life Insurance As you keep waiting to buy life insurance, the premiums keep getting higher. The term insurance premiums usually increase with age because your health deteriorates as you grow older. If you buy life insurance at an early age, you end up saving money and eliminate the risk of being ineligible for insurance due to some illness. ...

Why do you hustle at your 9-5 jobs every single day? You put in extra effort to make money to live a comfortable lifestyle in the future. But do you think your life savings would suffice in the long run? While savings are crucial, we should not ignore the benefits of several investment plans in the market. With the right investment option, you can not only earn more returns but also accomplish your life goals. Being a popular investment option, a Unit Linked Insurance Plan (ULIP) is usually purchased by many investors. Since it helps you to save money for the long term, let’s take a closer look at these ten ways mentioned below to do so: It is a dual financial productULIP insurance is a unique financial product, which offers dual benefits. It is an amalgamation of investmen...

Various types of loans are available in India. However, most of the people do not have any idea about a loan against insurance policy. The major reason behind this unawareness is the lack of insurance penetration in the country. A loan against insurance policy is known as ‘pledging’ and it is a very popular concept abroad. This type of loan is issued by an insurance company or any other financial company that offers loans against securities. The loan is suitable for those who do not own any assets or do not want to provide the asset as collateral. Hence, instead of applying for a loan against credit card or a personal loan, you can borrow funds against your insurance plan. You need to remember that this loan is not available against a term insurance plan or equity-oriented securities....

Many of the auto insurance companies will provide you with premium payment this is done to get the insurance coverage from the company. This will be tough for the students and some car owners who would have invested all of their money in buying a car. The first and foremost things to be noticed before you buy the vehicle are no down payment or low down payment. Some insurance companies will as you for the complete payment while some other companies will provide you with some time to settle the money. The low cost auto insurance with down payment is mostly possible in the big companies. There are many advantages involved in having a down payment they include:The driver of the car can get Alliance insurance through online even when there is a shortage in cash for paying the complete ...

Living with insurance can help you to become more secure and at the same timeless you're worrisome. Insurance has emerged as a technique of safeguarding the importance of individuals from loss and alter. it's going to be outlined as a social device scale back to scale back, to cut back or reduce the danger of loss to life and property. Rather like various insurance that offers plenty to the general economic process of the society by provides sturdiness to the functioning of the method. The insurance industries manufacture monetary establishments and overcome difficulties by raising monetary resources. There are many people today who don’t know the importance of getting insurance for themselves and also for their family members as well. So, it is important to compare life insurance in Austr...

A term plan is one of the cheapest life insurance policies. It pays a huge death benefit for affordable premiums. However, the good news is that you can reduce the premium by following some simple rules. Here is a guide on how to save on insurance premiums for term policy:Stay fitAn unhealthy person is considered to be a risky customer by insurance companies, and this leads to high premiums. If you are fit and healthy, the insurer will grant you a discounted premium, as you are at a lower mortality risk. Apart from this, being healthy will surely boost your overall wellbeing.Avoid smokingOne of the most effective ways to reduce insurance costs is to avoid smoking completely. If you are a smoker, you are at a higher risk level, as smoking leads to serious health i...

You can choose from various insurance plans in India. However, it is of utmost importance that you understand your requirements budget before you choose a plan. You need to go for an option that best fits your needs. If you have excess funds, you can divide them into multiple insurance plans.Always start with a term plan A term insurance plan is the first insurance cover you need to buy for yourself. If you have not invested in any plans until now, you need to start with a term plan. It provides a cover for a specific period and in case of death of the policyholder during this period, the nominee will get the entire sum assured. This plan is designed for those who are looking to secure the future of their loved ones. It offers a comprehensive cover at a low premium. One of the top ben...

The purpose of car insurance is to provide financial coverage to its owner in case of any damage to the car arising due to natural or man-made disasters. Primarily there are two types of car insurance policies in India - comprehensive and third party. While a comprehensive car insurance policy provides 360-degree financial protection, a third-party car insurance plan offers coverage against expenses that you need to bear in case your vehicle cause damages to a third-party. Let’s learn more about this type of insurance policy. What is third-party car insurance? As the name suggests, a third party car insurance does not provide coverage for any damage caused to you or your vehicle. Rather it takes care of your liability, which may arise if your car causes any damage to a third person/part...

The Indian healthcare is taking marvellous leaps in 2019. The regulator is encouraging insurance companies and firms to cover treatment for mental illnesses and for HIV treatment.  Apart from such unconventional moves, the government has also come up with its flagship scheme covering 10 crore homes. Government Sponsored Scheme The government officially launched a medical insurance termed as Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana in September 2018. As per this scheme, 10 crore homes below poverty line get an annual health cover of 5 lakhs. All the states of India are yet to approve and sign the memorandum for this scheme to be implemented. Cover for HIV and Mental Illnesses While the regulator has mandated covering mental illnesses, insurers believe it to be complicated proce...

The Indian Council of Medical Research (ICMR) predicts more than 17 lakh new cancer cases in India by 2020. The astronomical costs associated with cancer treatment has the potential to derail a family’s finances and wipe out a lifetime of savings. To prevent this, it’s important to opt for a dedicated cancer insurance policy. However, before availing it, there are certain things to consider:Sum insuredBefore buying a cancer insurance plan, it’s essential to consider the sum insured, which is essentially the coverage amount offered by your policy. Depending on the type and stage of cancer, treatment costs can vary and run into several lakhs of rupees. Also, cancer treatment entails pre- and post- hospitalisation care including diagnostic tests and visit to doctors among others. ...