― Jeffrey Fry A term life insurance policy is a contract of trust where the life assured has to disclose everything about his life in terms of income & health and the insurance company undertakes to cover the risk of death in exchange of certain monies received in form of premiums. The risk taken by …
As millennials, it’s commonplace for us to prioritise our personal financial aspirations. However, amidst our pursuits, we must recognize the financial security of our younger siblings, who may still need to gain the maturity or resources to secure their own financial futures. Rather than solely indulging in fleeting pleasures like gadgets or social outings, we …
This was revealed in a study titled ICICI Lombard’s report on emerging trends in health insurance with focus on taxation benefit. At the same time, individuals aged 26-45 make a greater set of investments, the report states. The preference for health insurance as a tax-saving option is on the rise in non-metro areas, emphasising its increasing appeal beyond …
ICICI Prudential Life Insurance recently introduced the ICICI Pru Guaranteed Pension Plan Flexi with “benefit enhancer”, the industry’s inaugural annuity plan offering customers the flexibility to receive a full premium refund at any point from the date of purchase. This product offers a variety of annuity options. Customers can opt for a single life option, …
Q. I’m Rohit, a pilot, and I’ve heard that life insurance can be more expensive for individuals in high-risk professions. How can I find affordable life coverage that suits my occupation? Hi Rohit, the job of a pilot is indeed an exciting journey filled with adventure and responsibility. However, it’s no secret that certain professions, …
Canara HSBC Life Insurance has introduced “Alpha Wealth”, a program designed to empower individuals to reach ambitious life goals. This plan not only serves as a shield of life insurance but also ensures the fulfilment of promises and secures the future of their loved ones. The program provides extensive features to guarantee financial security for …
All about the product Jeevan Utsav is a non-linked, non-participating, savings whole life insurance plan. This implies that the policy payouts are not linked to stock market movements or the company’s profits. The payout though is guaranteed. Also, the policy will be in force for the entire life of the subscriber. And in case of …
Max Life Insurance Company has introduced the Smart Total Elite Protection Plan, a comprehensive term life insurance policy designed to align with contemporary lifestyles. This plan offers extensive coverage customized to meet evolving consumer preferences. Max Life Smart Total Elite Protection Term Plan (STEP) is a non-linked, non-participating, individual pure-risk premium life insurance plan. It …
Adopt budgeting Budgeting helps you to allocate your income towards expenses, savings, and investments. If you don’t follow budgeting, you can start with 50/30/20 budgeting from next year. It helps you allocate your income as follows: a) 50% towards needs that are essential for survival. Some of these include food, clothing, utility bill payments, medicines, …
Planning for retirement is a crucial aspect of one’s financial journey, and selecting the right investment instruments to build a solid retirement portfolio is no easy task. Amongst the various options available, Unit Linked Insurance Plans (ULIPs) have gained significant popularity in recent years. ULIPs offer the dual benefit of insurance coverage and investment opportunities, …