Behind the allure of a lump-sum insurance payout lies a harsh reality: many families struggle to manage it wisely, often exhausting it too quickly. Aditya Birla Sun Life Insurance (ABSLI) and Policybazaar are aiming to change that with their new ABSLI Income Suraksha Plan, which offers a steady monthly income for beneficiaries instead of a … Read more
NEW DELHI : Insurance is the first step towards financial planning. We buy policies to insure ourselves against unfortunate events. However, having insurance does not always guarantee protection. Claim requests are often rejected, citing non-disclosure of pre-existing diseases, lifestyle habits, or having multiple policies. Most of the time, policyholders are caught unawares as it’s an … Read more
But there are some cost-conscious Indians who still can’t digest the fact that on maturity (and survival), the term plans don’t pay back anything! To cater to such people, life insurers smartly launched the ‘Return-Of-Premium’ option for term plans. That is, this term plan has some survival benefits. How is this different from the plain … Read more
I am 28 and earning ₹6 lakh annually. I have term insurance of ₹60 lakh. I also have health insurance of a family floater of ₹5 lakh covering me, my wife and our 3-year-old daughter). Now, I came to know about critical illness insurance. Which aspect should I take care of while purchasing critical illness insurance? … Read more
Term insurance plans are usually meant to provide financial security to the policyholder’s dependents and kin in the unfortunate scenario of policyholder’s demise. Some subscribers, however, don’t subscribe to the idea of a vanilla term insurance plan since there is no provision of return of their investment. Consequently, some policyholders opt for the ULIP (Unit … Read more