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Articles, Product Reviews, Views and Commentary on Insurance, Investments & Loans

Smoking and Term Insurance

clock April 20, 2012 08:50 by author Admin
Typically smokers pay higher life insurance premiums than non-smokers at the time of buying a term insurance. The main reason is the mortality rate of smokers is higher than for those who do not smoke. As the probability of dying from smoking-related causes is so predominant, life insurance companie... [More]

Am I Eligible for Life Insurance?

clock February 20, 2012 08:31 by author admin
The main purpose of life insurance is to secure the income & lifestyle of your dependants and to pay off any liabilities if anything were to happen to you. If there is no one who depends on your financial support, you don’t need life insurance. If you have lots of assets that could be used... [More]

Online Term Plan vs. Offline Term Plan

clock January 20, 2012 07:09 by author Admin
The main difference between online term plan and offline term plan is that online term plans are available at approximately 30 to 40 percent lower premiums compared to the offline term plans. Offline term insurances are loaded with agent commission, office expenses where as these costs are saved in online term insurance and the benefit are available for policy holder with lower premiums. Typically agents got near about 30-40 percent of first year premium and 2-7 percent thereafter in offline term plans. As you will buy online term insurance directly from the insurer’s website there is no such commission added. [More]

Why Term Insurance plays an important role in your financial portfolio?

clock December 13, 2011 07:52 by author Admin
Life insurance plans help you meet your long term savings needs but more importantly pure protection or Term Insurance Plans help you cover the most basic of all risks – untimely death. Your wealth accumulation happens over your working years. So while you save, you have open risks that can ruin your plans. The importance of Term Insurance can therefore never be underestimated. No matter how herculean we may feel from time to time, the fact is that we are what we are – mortals; with death being a certain uncertainty. While there can be no replacement for the loss of a loved one, with the right life insurance product you can at least minimise the financial hardships and strife that your family may be exposed to. [More]

Tips to help you buy Online Term Insurance

clock December 10, 2011 10:26 by author Admin
The year 2011 can safely be declared as the year when term insurance finally came of age in India. Term Insurance is the simplest form of insurance designed to provide a risk cover on the life of the insured for a defined number of years. The product category has for years been grossly underrated and it is only in the last couple of years that the product has finally begun to attract customers. One of the reasons of this shift is the growing awareness of the importance of term insurance as a ‘must-have’ in your financial portfolio. At the same time, there were a number of companies that launched their ‘online’ variant of term insurance over the last 2 years. Online term plans are those where the purchase process is carried out by the customer over the internet with no intermediation from any insurance advisor or agent. [More]

Term Insurance and Pensions – A tale of two risks

clock June 20, 2011 12:39 by author admin
Once upon a time, Term Insurance and Pension plans were having an argument as to which one is more important to an individual. Needless to say, the debate went on till the cows came home and we still had no signs of a clear winner! That is because they both cover two opposite risks associated with our lives – one covers the risk of a life cut short by an untimely death while the other helps you protect your financial future in case you end up living way beyond your earning years. [More]

Be your own financial advisor; after all it’s your money!

clock June 13, 2011 07:34 by author Admin
“My financial advisor is working very hard towards building a retirement plan… It involves my money and his retirement!” In the realm of astonishment, nothing comes closer to the norm that seemingly prevails in the buying behaviour related to financial products like insurance and... [More]