As insurance companies are tweaking their product strategies, customers should opt for online term plans which are 20 to 30% cheaper than offline ones. Since the outbreak of Covid-19, interest in life insurance, especially term plans for pure protection, has grown. Data from Insurance Regulatory and Development Authority of India show that protection sales have risen in Q1FY21 as the sum assured-to-premium ratio has increased to 56.3 as compared with 32.4 in FY20. Experts say policyholders are increasing their life cover and pure term plans, especially the online ones, are gaining traction. However, sales of unit-linked insurance plans (Ulips) have dropped as consumer confidence in the...
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The Easiest Life Insurance You Can Get At one time, getting life insurance was a long and challenging process. Thanks to the Internet and some of the new insurance products that have been created, it’s never been easier to get life insurance. When you’re deciding to buy life insurance, the first thing on your list should be to find a plan that best fits your goals. Your dependents future hangs in the balance on whether you make the right life insurance purchase. Getting a policy that either doesn’t fully meet your needs or costs way too much could prevent your loved ones from having enough money to take care of themselves once you pass away. There are several types of...
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Your benefits Savings capital for your future If you're starting to think about tomorrow, you'll be on the right course with SCALA life insurance: You save your private capital for the time after your retirement. You invest your contributions in first-class funds and thus enjoy better potential returns than with traditional savings. You can easily set your very own personal focus by choosing your savings profile. In addition, you also save taxes because you can deduct your premiums under Pillar 3a from your taxable income each year. If your life situation changes during the term of the contract, you can adjust your SCALA life insurance: you also have the option of taking a premium...
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How to Determine Which Life Insurance Offering is Best for You In the last ten years life insurance premiums have fallen by 33 percent. Americans are living longer and longer, which means insurers have to pay benefits less often. Although buying coverage is not an easy decision to make, it's critical if you want your loved ones to be financially secure after you die. One in three Americans has no coverage, and two out of every five people who are insured don't think they have enough protection. For those who have been putting off purchasing coverage because of the costs, there is good news. Increased competition and lower mortality rates have joined forces to make costs lower than ever....
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