Insure Your Home Loan with a Home Loan Insurance

Insurance is so popular outside India that an insurer in the UK sold almost 30,000 insurance policies for alien abduction. People are ready to pay close to $150 a month as a premium for a total coverage of $1.5 million for something so bizarre. The insurance trend in India hasn’t picked up so much and …

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NRIs should buy term insurance cover in the country of residence

This article was first published on livemint. As an NRI, should I invest in assured long-term saving plans with life cover or mutual funds? Let me come to one of the basic tenets of personal finance—you should not mix investment and insurance. Insurance-cum-investment products like unit-linked insurance plans (Ulips) and endowment plans are not good for …

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Why is Term Plan the Cheapest Life insurance policy?

Term insurance policies are policies where you need to pay the premium for a predetermined period and enjoy the benefits of the policy for a long time. ICICI Prudential Term Plan is a term plan that lasts anywhere between five to thirty years depending on the age. The premium is calculated based on the age, …

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What Type Of Insurance Do You Really Need? Assess Before You Buy

Insurance is an important aspect of financial planning. It offers financial assistance to the family of the insured in case of any unforeseen emergencies. Insurance needs differ from one individual to another. The type and cover of insurance required by an individual depend on a lot of factors like the income, family size and requirements, …

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Top 5 Things To Consider Before Buying Life Insurance

Life insurance is an investment to secure the financial stability of your family, in the event of your untimely death.  Most Indians prefer taking a life insurance policy because of the triple advantage it offers – savings in tax, investment, and life cover. Life Insurance is a long-term contract, and the insurer has to be …

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Things To Check Before Buying A Health Insurance

The illness of a family member causes a great deal of emotional and financial stress. With rising costs of medicines and healthcare facilities, an illness of a family member is enough to use up all the savings of a family. Health insurance policy helps to cover the hospital expenses and medical bills arising due to …

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What Kind Of Deaths Are Not Covered By A Life Insurance Plan

Life is unpredictable, and we never know what is going to happen in the next moment. Life insurance is the best way to take care of the financial needs of your family upon an unfortunate death. Term insurance is the most efficient plan preferred by most of the policyholders. The policy delivers a lump sum …

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Don’t fall for guaranteed life insurance plans 

Insurance is a popular tax saving instrument and should be a part of financial planning and goals set. However, buying guaranteed insurance plans in the last minute to save tax is not a solution. Insurance was nationalized, and institutions like IRDA ensure that insurers are being regulated and monitored. But there are no similarities in …

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How to Save Taxes on Health Insurance

If you are planning for your tax saving, then a good option would be to invest in Health Insurance. Not only does it reduces your taxable income but also, provides you protection against the rising medical expenses. How much deduction can you claim for premium payment? If you are a senior citizen (age 60 + …

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