BUSINESS
Can 'income protection' term insurance policies bolster your loved ones’ safety net?
Families of deceased policyholders may not always be adept at managing the lump-sum death benefits well. This can lead to the risk of overspending or poor investment decisions leading to quick depletion of funds. To address this challenge, some insurance companies have come up with ‘income protection’ plans.
BUSINESS
Why term insurance premium rates are cheaper for higher sums assured
The pace of inflation often ends up eroding the value of money. So, even if a coverage of Rs 50 lakh seems enough for now, one needs to bear in mind that 5-10 years down the line, it may not suffice.
BUSINESS
GST refund on premiums makes term insurance more attractive for NRIs
The 18 percent refund should sweeten the deal for expat Indians seeking to secure their families back home.
BUSINESS
Helping dependents track down term insurance details for filing a claim
The moment when one needs term insurance will most likely come unannounced, so it’s better to be equipped with knowledge, regardless of whether you need it or not.
BUSINESS
Looking to buy a term insurance policy? Calculate your Human Life Value (HLV) first
Buying a term life insurance policy is the decision of a lifetime. So, it’s important that the amount arrived at is correct. Human life value (HLV) is one of the methods of computing the right cover amount.
BUSINESS
Here's why buying term insurance from India is more beneficial for NRIs
NRIs must compare various available term insurance policies, their features, available riders, and claim settlement ratios online before buying a comprehensive insurance plan.
