When you are looking at life insurance, there are several different factors to consider. These include the type of coverage you want, how much coverage you need, how long the policy will last, what the premiums will be each month, and how much money it will take out of your paycheck every month, etc. Rs. 5 lakh life insurance is one of the best coverage to take care of future liabilities like repaying for a home loan, supporting a child's higher education, etc. in your absence. A 5 lakhs life insurance policy will cover you for an amount of 5 lakh rupees in case of death. In this article, we discuss the different types of life insurance plans for 5 lakhs coverage, their features, and their...
Continue reading...
When it comes to life insurance, there are many options. It can be challenging to decide which company is best for you. We have put together this list of the best online life insurance companies. We have evaluated each company based on price, customer service, and coverage. So, whether you are looking for term or permanent life insurance, we have the right company for you! What Makes The Best Online Life Insurance? When it comes to life insurance, there are a lot of factors to consider. First, you want to ensure that you get the best coverage for the best price. You also want to ensure that your chosen company has good customer service. Here are some of the things we looked at when...
Continue reading...
Obtaining life insurance is just one of those tasks that people know they should do. But they continue procrastinating because the whole process feels overwhelming. Other people put it off because they think it's completely unaffordable and out of reach. It's best to start a life insurance policy when you are young, such as in your late teens or early 20s, as this allows you to lock in excellent prices on great insurance plans if you select a whole life insurance policy. If you're in your early 50s and you still don't have a life insurance plan, however, it's not too late to start researching the top cheap life insurance providers for 51-year-olds! Getting a life insurance plan while you...
Continue reading...
As a father of three and a financial professional, the coming school year, and the uncertainty attached to it, is very much on my mind. Even if your children, like mine, are still years away from post-secondary tuition fees, the sooner you start saving, the better your chances of reaching your financial goals. Money also gives you options should your child need tutoring (or, as is being hotly debated, you want to be able to consider opting out of public school during the COVID-19 pandemic ). Here are a few ways to help your children financially, regardless of their age or stage. The most common saving tool for minor children is a Registered Education Savings Plan. An RESP is a tax...
Continue reading...
OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B+ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb-“ from “a-” of Foresters Life Insurance and Annuity Company (FLIAC) (New York, NY). The outlook assigned to these Credit Ratings (ratings) is negative. Concurrently, AM Best has withdrawn the ratings following its merger into Nassau Life Insurance Company. The ratings reflect FLIAC’s balance sheet strength, which AM Best categorizes as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. On July 1,...
Continue reading...
Domestic HSI’s new life insurance office is open for business | 17 June 2020 Staff in their new office (Photo source: HSI) The newly renovated life insurance office of HSI (H. Savy Insurance) opened its doors on Monday June 8, 2020 on the ground floor of Kingsgate House building. The office caters for life insurance transactions only and all other services offered by HSI on Mahé will remain at the Maison La Rosière offices. The opening of the new life office follows the opening of the HSI Praslin insurance office in 2012. “Our new life office offers more space, more convenience and less clutter to better observe social distancing protocols and take our customers' service experience to a...
Continue reading...
5 step methodology to choose the best term plan Life insurance is a financial tool that acts as a protective cover for your loved ones and helps secure your own future. One of the most popular life insurance schemes is term insurance. Before you look for the best term insurance policy, it helps to understand what term insurance is. Term insurance is a type […] Life insurance is a financial tool that acts as a protective cover for your loved ones and helps secure your own future. One of the most popular life insurance schemes is term insurance. Before you look for the best term insurance policy, it helps to understand what term insurance is. Term insurance is a type of policy that...
Continue reading...
According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios. Life Insurance Corporation of India (LIC) has started selling the Pradhan Mantri Vaya Vandana Yojana (PMVVY) for senior citizens aged 60 years and above from Tuesday. This pension scheme is non-linked and non-participating, and will be available for investors till March 31, 2023. Financial advisors say that investors should look at this scheme as it offers attractive returns for longer duration. According to LIC, this scheme has a policy term of 10 years and the pensioner can choose monthly, quarterly, half yearly...
Continue reading...
The ongoing COVID-19 crisis brings to light the need to have health and life insurance covers to face unforeseen emergencies. You can take now take advantage of the relaxed rules and options to either purchase a new policy or increase your cover. Here are 6 reasons why it may be the right time to purchase an insurance policy: 1. Relaxation on the physical checkup Unlike in the pre-coronavirus period, few health insurance companies have relaxed the requirements around physical checkups to push their products. 2. Tax advantage In the last week of March, as a measure to relax compliance regulations for taxpayers, the Ministry of Finance said that payments and transactions towards various...
Continue reading...
As the coronavirus numbers continue to grow in the U.S., life insurance companies report that applications have been skyrocketing. With illnesses and deaths rising from COVID-19 — the disease caused by the virus — some life insurance customers have been wondering whether it's too late to get coverage, or if existing policies cover the outbreak. Read on to see the answers to six common life insurance questions being raised during the pandemic. 1. Does my policy cover me for the coronavirus? If you already have life insurance to provide financial protection for your loved ones if something happens to you, you don’t need any additional coverage for today's health crisis. Your existing policy...
Continue reading...
