Blame it on technology. Many insurance agents are ducking for cover as term insurance plans go online in India resulting in cheaper premiums for the customer. Life insurers have become more innovative as the years have gone by and launched best and cheapest term life insurance policies keeping the customer’s wallet in mind. The greatRead More
Insurance
Different types of life insurance policies in india
Depending on their objectives, there are at least three types of life insurance policy classifications. A life insurance policy could offer pure protection (insurance), another variant could offer protection as well as investment while some others could offer only investment. In India, life insurance has been used more for investment purposes than for protection inRead More
What is Personal Accident Insurance Cover ?
Amongst all your must have insurance policies, personal accident insurance cover or personal accident insurance policy stands out as important as the others, namely term insurance and medical insurance. If you don’t have one, your financial planning could go haywire. Imagine you commute to work in a two wheeler and are knocked down by aRead More
How many insurance policies can one person have ?
This is in continuation of my “How Many” series articles. The topic this time is how many insurance policies can one person have ? While we did touch upon must have insurance policies for an investor in his overall financial planning, what might confuse the investor is how many such should he totally have. If youRead More
3 insurance policies you cannot afford to miss
What are the insurance policies you must necessarily have ? Life has its own surprises. You are hale and hearty one day and can drop dead the very next day; you could land up on the surgeon’s table for no fault of yours; you could be diagnosed with a critical illness rendering you incapable ofRead More
Why Unit Linked Insurance Plans(ULIPs) are not suitable products
Are Unit Linked Insurance Plans. ULIPs as bad as they are made out to be ? ULIPs are investment products that combine insurance with investment. Both insurance and investments serve two different purposes – they cannot be combined to make a cocktail you cannot drink. Any product that begins to digress from the basic concepts of keepingRead More