In recent times, we have been spending like there’s no tomorrow. There are enough reasons these days to convince yourself that “I can afford it”. Now we have started spending like never before. Most people do not save anything at the end of the month. They feel as if their life takes away all the […]
Health insurance protects your Wealth, Not Health!
Ask yourself, does Health insurance really protect your health? Absolutely Not! There is no policy which can protect your health. Health can only be protected by proper diet, right lifestyle and exercise regimen. Now question comes to us, so what is Health/Medi-claim Insurance, when it does not protect your health? Although it may sound strange […]
Are you aware about ULIP Charges?
ULIPs (Unit Linked Insurance Plans) are investment cum insurance product. If you take any ULIP policy from any company, then you pay some premium every year. And out of your premium some amount is cut for allocation charges, administration charges, mortality charges, fund management charges and all such charges by any other name. While buying […]
Busting Your Myths about Investing!
We have always been taught that debt products like FDs, insurance plans, PPF accounts, NSCs, bonds, recurring deposits etc., are very safe and there is no risk in these products. When we think about “safety”, we only think about assured returns and security of capital. But tell me let you that your thought of “safety” […]
Do I need Personal Accident Policy?
You must be living in a city, town, village etc., most probably you are salaried class and obviously must be travelling to and fro from home to office for months and years. The chances of natural death or getting hospitalized for some illness are far lower than the chances of meeting an accident these days. […]
Getting know-how about Pension plans or annuities
Simply put, pension plans or retirement plans are offered by insurance companies to help individuals to build a retirement corpus. On maturity this corpus is invested for generating a regular income stream, which is referred to as pension or annuity. Pension plans are distinct from life insurance plans, which are taken to cover risk in […]
Health Insurance for old age/Senior Citizens
Premium in Health Insurance is enhanced as per increase in your age, but, there’s something about the no. 45. Insurance Companies dislike this no. Most Insurers, including the ones ‘specialized’ in Health Insurance resist covering members above 45 years and ask for to undergo medical test. Remember, you need to somewhere take the responsibility of […]
Methods for Estimating Life Insurance Needs!
Life insurance is nothing but the insurance covered for your life. In case of death, the sum assured is given to the nominees. But most of the people don’t know that how much insurance is required or enough for them. There is no single formula for estimating your life insurance needs. However, we can consider […]