Life Insurance Cover

Wed, August 9, 2023 | 2 min read

Are you worried about your child’s education, buying a house, or planning a retirement?Do you wish to get a sweet lump sum payment that combines your original coverage amount with your accumulated savings? It's like hitting the savings jackpot!Then a type of life insurance called an endowment insurance plan? Is a great option to consider because it combines both protection and savings. Basically, the policyholder pays a regular premium to the insurance company, which provides life insurance coverage for a specific period (usually between 10 to 30 years).

Wed, August 9, 2023 | 2 min read

Term insurance plans are crafted to offer coverage for a specific duration, typically between 5 to 30 years. They provide a death benefit to the policyholder's beneficiaries if, god forbid, the policyholder passes away within the policy's term.

Wed, August 9, 2023 | 3 min read

Everyone thinks about their golden age when they can finally retire from work, put up their feet and enjoy a leisurely life. But do you know the retirement age in India?Well, we have an answer for you, the retirement age in India varies depending on the specific sector and occupation.

Wed, August 9, 2023 | 3 min read

So, have you ever wondered where the word "endowment" comes from? Well, it actually has its roots in the Latin word "indotare", which meant "to supply with a settlement". Eh, that makes sense, right? Back in the Middle Ages, endowments were given as gifts of land or property to support churches or other institutions.

Wed, August 9, 2023 | 3 min read

Looking for a life insurance policy that lets you invest your hard-earned cash? Well, look no further! Variable Life Insurance (VLI) is the answer! VLI policies are typically offered as unit-linked insurance plans (ULIPs), which combine life insurance coverage with an investment component. ULIPs are a popular investment option for individuals looking to invest in the stock market or other investment vehicles, while also providing life insurance coverage.

Wed, August 9, 2023 | 3 min read

Do, you want to know what this whole "premium" thing is all about in insurance? Well, let us break it down for you. The Insurance Regulatory and Development Authority (IRDA) is the governing body for the insurance sector in India.

Wed, August 9, 2023 | 2 min read

Are you and your boo thang looking to tie the knot and secure your financial future together? Or maybe you and your biz partner want to make sure your company is covered in case one of you kicks the bucket. Either way, a joint life insurance policy might be the way to go.

Wed, August 9, 2023 | 2 min read

So, you know that thing called term insurance? Yeah, you only need to worry about it if you're six feet under. If that's the case, then the death benefit (fancy term for sum assured) will be paid to your nominee or legal heir according to what's written in the policy.

Wed, August 9, 2023 | 6 min read

In the world of financial planning and investment, you may have come across Unit Linked Insurance Plans (ULIPs). They have gained significant popularity due to their unique combination of security and investment features, making them an attractive option for many.

Wed, August 9, 2023 | 3 min read

There might be a few situations where a policyholder wishes to have more than one nominee for its life insurance policy. For example, if you have family members with different financial needs - like a life partner and children from a past marriage - you might need to part the sum assured between them.

Wed, August 9, 2023 | 3 min read

Have you ever wondered from where did the term life insurance have derived?Alright, let's take a trip back in time to when ancient traders were sailing the seas with all their treasures. .

Wed, August 9, 2023 | 3 min read

Have you ever thought about what would happen if there were no legal heir details mentioned in the insurance policy? Let’s take two scenarios that would make you think twice that in the absence of legal heir details not mentioned in the insurance policy what could happen? In the first scenario, if the policyholder passes away and there's no legal heir who can claim the policy benefits, the insurance company will hold the benefits for a certain period known as the "unclaimed benefits" period. The length of this period will depend on the type of policy and the insurance company.

Wed, August 9, 2023 | 1 min read

Worried about whether you are entitled to tax benefits for your term insurance plan, don’t worry we have an answer for you. The answer is Yes, you can get tax benefits for paying the premium of your term insurance policy as per the Income Tax Act, 1961, and the guidelines of IRDAI.

Wed, August 9, 2023 | 3 min read

We all cherish our kids, right? And we want to ensure they’re cared for no matter what. So, listen up parents, because this one's important.

Wed, August 9, 2023 | 6 min read

When it comes to ULIPs (Unit Linked Insurance Plans), one term that holds significant importance is the "Sum Assured. " It is vital in shaping your financial future by providing insurance coverage and investment opportunities.