The selection of a suitable plan depends upon your comfort with risk and the financial goals you are aiming to achieve. Given the current circumstances, if you are not comfortable taking risks with your investments, a non-participating or fully guaranteed plan works best for you. Q1. I had purchased a traditional money-back life insurance plan 20 years ago. The policy will mature in November, this year. I am 46 years old and do not have any other life cover. Do I need to purchase any Life Insurance policy after the older one matures? Ans: A life insurance plan, besides helping an individual to save and grow money, is an income replacement tool. It hedges financial risks arising out of life...
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Being in your 20’s is a very different and new experience of life. Everybody starts considering you as a grown up and you start realizing the difference between the life as you know and the real life. You make decisions on your own, sometime you fail and start again by learning from your own mistakes but you never give up. Life in 20’s is the most learning and experimental stage, as it is an artistic part of life. Decisions taken in your 20’s can have an impact on your whole life, like the career you choose, the job you get, the friends you make, etc.. A financial planning comes in the same category. A proper financial planning done in your 20’s can make your whole life stable, but most of...
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Life Insurance Corporation (LIC), the country's largest life insurance company, which offers term insurance plans, pension plans and endowment insurance policies also offers money back policies. LIC New Money Back Policy 20 years is one such insurance policy which offers combination of protection against death throughout the term of the plan along with the periodic payment on survival at specified durations during the term, LIC said on its website https://www.licindia.in. This unique combination provides financial support for the family of the deceased policyholder any time before maturity and lump sum amount at the time of maturity for the surviving policyholders. This plan also takes care...
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Does Life Insurance Expire At A Certain Age? Does Life Insurance Expire At A Certain Age? Does life insurance expire at a certain age? Some types life insurance policies expire after a certain period of time, while others don't. It depends on the type of policy. If you have a term life insurance policy, your policy will expire after the term you selected ends. If you have a permanent life insurance policy (like whole or universal), your policy will remain in force as long as you continue to pay the premiums on time and in full. When Does Term Life Insurance Expire? Term life insurance is simple to understand — you select a death benefit amount and a “term”, or length of...
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Life insurance is one of those topics that is sure to cause an emotional reaction. After all, investing in life insurance is acknowledging the sober reality that death is an inevitable part of life, and sometimes, it comes all too soon. When such a tragedy occurs, for some, it could leave their family in a difficult financial position. While it’s healthy to adopt an attitude that does not expect the worst, it is also wise to be prepared for the worst-case scenario. Being ready for the what-ifs can keep you from worrying about them. If you’re interested in learning about life insurance and whether it’s something you should consider, this guide is for you. We’ll...
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Life Insurance cover for apparel sector employees In a strategic partnership with CH17 Loyalty, Softlogic Life, the fastest growing life insurer in Sri Lanka, has introduced a comprehensive life policy with many lifestyle benefits as a value addition to the Ransalu Privilege program, a focused welfare scheme aimed at providing relief and reward for staff and employees in the apparel sector. “We have been successful in co-designing a life policy with an affordable premium with the convenience of an easy payment scheme bundled with merchant discounts and privileges from the Ransalu partner merchants” Jumar Preena CEO and Founder of CH17 Loyalty announced. “What we have presented to our...
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MILWAUKEE, Sept. 19, 2019 /PRNewswire/ -- The Northwestern Mutual Life Insurance Company ("Northwestern Mutual") today announced the results for its previously announced private offer to exchange (the "Exchange Offer") any and all of its outstanding 6.063% Surplus Notes due 2040 (the "2040 Notes") held by Eligible Holders, as defined below. The 2040 Notes are being exchanged for consideration consisting of Northwestern Mutual's 3.625% Surplus Notes due 2059 (the "New 2059 Notes"). The New 2059 Notes being offered in the Exchange Offer will be a further issuance of, and will be in addition to, the $600,000,000 aggregate principal amount of 3.625% Surplus Notes due 2059 that Northwestern...
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Indians are paying more for their insurance policies now, almost twice, in some cases, compared to what they paid just nine years ago. The higher cost is directly reflected in the increase in the average ticket size of the life insurance products. But this doesn't mean more policies are being bought. In fact, the actual growth in number of policies has remained flat. About nine years ago, the average ticket size of a life insurance policy was between Rs 8,000-25,000. Now, it is between Rs 14,000-82,000. In just four months of the current financial year, the ticket-size of life insurance policies has gone up by Rs 2,000. However, the number of new policies has increased by less than a...
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HPE gives 26 week paid parental leave in India in line with global programme 2 min read . Updated: 22 Aug 2019, 05:55 PM IST Nandita Mathur The employee benefits package follows HPE plans to increase its workforce in India by 20% over the next three to five years The focus is on hiring engineering talent in critical areas such as AI and networking Hewlett Packard Enterprise (HPE) has introduced 26 weeks of paid leave for new parents following the birth or adoption of a child, in addition to other benefits designed to improve work/life balance for employees in India, in line with the global announcement earlier this year. “The benefits we are implementing around the globe reflect HPE’s...
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