Insurance is a basic necessity for every investment portfolio, considering the uncertainty of life itself. Term insurance plans are some of the most common and popular life insurance products that people purchase for their portfolios. Yet, despite the popularity, the perennial bone of contention remains- what is the right age to buy term insurance? The truth is that no matter what stage of life you are at, Term Insurance plans can serve a purpose in your financial portfolio and remain crucial to it. Read on for more information on how term insurance can benefit different age groups and other crucial aspects of these plans. Why insurance is essential for your portfolio Insurance is a basic...
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Know all About the Best Term Insurance Premium Calculator to Suit Your Needs A term insurance premium calculator is a tool that is freely accessible via online platforms and helps calculate the approximate monthly or annual premium that a policyholder needs to pay towards the policy. Term insurance is the most common and simple life insurance tool available for all in the market. Also, the policyholder needs to make the payment in the form of a premium in exchange for life coverage offered by the policy. Several factors influence the premium rate of the policy. Therefore, to help you calculate the premium policy rate, the term insurance premium calculator is the most viable choice. Term...
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Term Life Insurance Insurance that provides financial coverage to the nominee due to the sudden death of the insured. This coverage is provided for a specific period of years. It is the most basic insurance policy with affordable premium rates. The insurance also provides coverage to the insured family in case of any financial burden due to the unintended disability of the insured which has led to income loss. Need for Term Insurance in the UAE With lifestyle changes and higher cost of living in the UAE, getting term insurance for your family is very much beneficial. The major need of getting a term insurance policy is that it comes with lesser premium rates. The other reasons for having...
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The checklist for the best term plan June 08, 2022 The checklist for the best term plan Everyone’s responsibility is to keep their loved ones safe from unexpected occurrences. When you have a consistent source of income, you can establish a solid financial plan that allows you to do so. Understanding how to pick term insurance for your family is one of the first steps. When you make a careful and educated insurance purchasing selection, you may successfully ensure their future. Consider the following considerations to learn how to choose India’s best term insurance plan. 1. Claim Settlement Ratio Every insurer in India has a claim settlement ratio, which may be seen on their...
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Should you revive your old term insurance policy or buy a new one? The best option is always to ensure that your policy remains active and the premiums are paid on time. If, for some reason, your policy lapses, get yourself covered again as soon as possible. When it comes to securing your family’s future, life insurance is key. You may have a policy in place, but it’s quite possible you miss a premium payment for some reason or the other and the policy lapses. The good news is that you have the option of reviving the policy. Even so, it’s important to understand what works better for you -- reviving your lapsed policy or buying a new one altogether. Let’s understand this in detail. Benefits...
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Insurance and you: Why and when should you buy it? Diseases are on the rise in today's fast-paced world. At the same time, medical treatment costs are steadily increasing. A health insurance coverage can assist cover the costs of hospitalisation and treatment for a variety of conditions. In the event of an unforeseen occurrence, one's money may be lost in paying for their dependents' numerous financial obligations. Both health and life insurance policies are essential components of any portfolio. Unless a life insurance policy is in place to replenish the dependants' finances if and when the worst happens, there may not be much left for future generations. In times like these, acquiring a...
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Give your family Rs 1 cr insurance safety net – Compare premiums now Giving financial safety is one of the most precious gifts you can give to your family – when you are not around – to support them financially. In the past two years, people worldwide have gone through financial and health crises. Buying a term plan becomes highly recommended owing to uncertainties about our lives today. Besides being affordable, term insurance is the easiest way to provide your family with a financial safety net. It ensures your nominee or nominees get an assured sum in case of your untimely demise during the policy’s term. As you start working, it is advisable to purchase your...
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We come across several types of life insurance policies that often leave us confused. You must have come across something known as Term Insurance Plan and wondered what a term insurance plan is, and how it is different from other life insurance policies. Before we show you the comparison between a term insurance policy and other life insurance policies, let us first tell you what a term insurance policy is. A term plan is a simple straight forward life insurance plan which promises to pay a fixed defined sum of money, also known as the Sum Assured, if the insured (the person whose life risk is covered) expires during the plan term. If the insured survives the entire plan term no benefits...
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Should You Buy Term Insurance Plans With Return Of Premium Feature? Term insurance plans with return of premium feature return the sum of the premiums you pay if the policyholder survives the term, but should that be a reason for you to buy them? In Search Of Home In Pandit Houses Preserving memories of a vintage Kashmir in photographs, one house at a time. Kashmir: Requiem For A Dream Using a ruthless marketing strategy and partisan visions of persecution, 'The Kashmir Files' seeks to rewrite history and distort reality. Routes Of Grief: Two Translations In spaces constituted from violence and silence like Kashmir, translation can emerge as a handy tool to create narrative communities...
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The ratio just indicates the claims that have been settled by a company in the past LIC’s term products launched last year, with lower premiums, could be the cheapest ones available in the market It cannot happen that with exactly the same disclosures made two insurers, one would accept and the other would reject your claim based on incorrect/non-disclosure of material facts For fulfilling one’s life cover requirement, buying a pure term insurance plan through the online mode is the best choice A personal finance audit will help you stay on track and make adjustments to keep your finances in order Just purchase a simple term plan and invest the excess difference amount in PPF, equity funds...
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