A year ago when little Anavi was born to proud parents 29-year old Ravi and 24-year Poonam, they realized how big a bundle of joy the small baby could really be. Ravi wanted to give his child a life she truly deserves, and it would not be possible without planning it to perfection. And on her first birthday, Anavi received a small gift from her parents that would take her care of financial needs even if they are not around. Ravi took a hassle-free Rs 1 crore term insurance policy cover online by paying less than Rs 9,000 premium for a year. Most financial experts would laud Ravi for the investment decision. In an uncertain world full of risks, it is unwise to think that bad things happen...
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Term Insurance Insurance as the name suggests provide assurance of payment of fixed sum of money in the event of unexpected loss against payment of some predictable sum of money called as premium. It is tool to hedge against the risk of contingency. Thus it transfers all the risk from the insured to the insurer or the insurance company for a certain fee. Hence, insurance policy allows individuals, businesses and other entities to protect themselves against potential losses and financial adversity in exchange of a reasonable premium. Insurance is something that everyone will need at some point of their lives. This includes life insurance, motor insurance, health insurance, travel insurance...
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Competition, varying mortality charges, provisioning, agent pressure are some factors It’s no secret that the cheapest term insurance policies are the ones that are available online. But did you know that insurers charge widely differing premiums for similar plans? For instance, the premium for a simple term plan of Rs 50 lakh from Bharti AXA (eProtect) is Rs 4,200 a year. But an identical policy from ICICI Prudential (iCare) costs Rs 7,000. For an LIC cover, you will have to cough up Rs 16,800. These premium rates apply to a 30-year-old non-smoking male. All the quotes are for plain-vanilla term insurance policies covering just the risk of death, with no added advantages. So, why the...
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iTerm, Term Insurance Aegon Religare POSTED BY Jagoinvestor ON November 30, 2009 COMMENTS (599) Did you recently bought a Term Insurance from some other Company? Because here comes iTerm, the new sensational Term Insurance from my favorite Aegon Religare. This product has power to change the way Indians Look at Insurance. iTerm is currently the cheapest Term insurance in market, not only cheap, its dirt Cheap. Imagine how much Rs 8162 provide as an Insurance cover? I went to their website and found out that I can get astonishing Rs 1 crore Insurance for tenure of 25 yrs (My age is 26) just for Rs 8162 (including Service Tax) Disclaimer: Please note that this is my personal View and should...
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Your Finances Your Driving Lessons Good to know The AA uses a fleet of dedicated vehicles – which means we own and manage them, and they are driven by our own patrols. These include breakdown vans, recovery trucks and other specialist vehicles to support a wide range of breakdown situations our members find themselves in. Sometimes we may use garages to reduce wait times, but only when necessary. We’ll always let you know in advance. We have more highly skilled mobile mechanics than anyone else. And they’re all absolutely lovely. The AA is the largest UK breakdown provider, with almost 3,000 patrols compared to around 1,800 patrols for the second largest provider in the...
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Term insurance is your best friend that protects your family and provides financial coverage for a certain time of period. It is one of the most suitable and affordable plans. We cannot predict our future consequences, but we can take precautions and safeguards against unpredictable circumstances. What if when your family member who is earning and suddenly dies? How you handle your financial expenses like children’s fees, the survival of the family member, daughter marriage and so forth. No worries, one of the effective ways that overcome your financial issues is to take a term insurance plan. So, if you are not aware of this plan and want to know about the terms insurance plans then keep...
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A few studies suggest that if you want to invest in a term insurance plan, then April is the right time to do so. Why? Have you ever contacted any expert in the finance industry and asked for the right time to invest in a term insurance plan? Most likely they would suggest you to buy it as early as possible. However, a few studies suggest that if you want to invest in a term insurance plan, then April is the right time to do so. It is true that you should invest in a term insurance plan for the safety of your family as soon as possible, but it will be good if you can do the same in the month of April. Let’s understand why? For a common person, it is difficult to decide about the right term...
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TERM Life insurance, the Cheapest Life insurance Ever! If you think life insurance is very expensive and if you believe they are only for the middle class and rich. Well, think again, if you can smoke 5 cigarette sticks a day or waste some coins in the wishing well. You can might as well get yourself a life insurance. That’s what we call Term Life Insurance. Term life insurance is a life insurance, which provides coverage for a fixed payment for a limited period of time. After that period expires, coverage becomes nulled. In simple terms, Term insurance means Temporary insurance. It is the cheapest life insurance you can get. But, it depends on your age. It may be as low as 400...
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Term Life Insurance in Singapore: The Ultimate Guide for 2019 It used to be that the term plan is the neglected one at school that no one wants to talk to, but in recent years, he has risen up to become the popular kid. With medical advances, people tend to live longer now leading to a drastic reduction in mortality rates (death rates). Because of this, term plans now reflect a lower cost of insurance compared to before, giving the allure of a high coverage at an even more affordable rate. To add on, insurance companies are competing aggressively, which leads to competitive rates for the consumer. In this guide, you'll get EVERYTHING you need to know about term insurance (it can be lengthy...
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Find the plan that’s right for you. Kindly apply personally at any of our specified Client Advisory Centres listed in the relevant FAQ below during operating hours. A Client Adviser will be assigned to assist you in the application of DPI. The Client Adviser will provide you the following documents for application of DPI: Benefit illustration and product summary Application form and additional health questionnaire, if applicable Direct Purchase Insurance Fact Sheet and Checklist Fact Sheet Supplementary Form GIRO form for premium deduction. If you are considered a Selected Client (refer to the relevant FAQ below for the definition of Selected Client), it is recommended that you apply for...
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