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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7 Ways to Reduce Healthcare Costs in Retirement

Regardless of your physical condition, you may have healthcare costs post retirement. It needs a well-planned approach to minimise its effects on your retirement corpus. There are several ways in which healthcare costs can be lowered. Here are seven tips to help to reduce these costs: Appropriate Health Insurance plan* Finding a health insurance plan …

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Bargain on Life Insurance — Here’s a hidden trick!

“Fun is like life insurance; the older you get, the more it costs.” — Kin Hubbard Frank McKinney Hubbard was an American cartoonist, humorist and journalist, and being those things, he probably said the line above in jest. But funny as it is, it is not any farther from the truth. An older person can probably have …

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ULIPs – Shocking what they do to your savings

Most of us are familiar with LIC or the insurance company products. We have seen the adverts on TV, print and heard them on radio ad nauseam. They sound like they have been created to provide for your kids’ education, nest egg in case of retirement and just a safety net in case something happens …

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