A woman's financial plan must be aimed at creating long-term financial stability. Their emotional needs must be factored into the financial plan.
The number of people who avail some quality cover under personal insurance is very low and revenue collection of government is no way going to get affected materially by extending some tax benefit as non-life penetration still stands at a low of 0.7% of GDP and personal insurance would be hardly measurable.
Since, house is one‘s biggest financial asset introducing income tax exemption on premium paid will push more people to opt for home insurance.
A common and recurring belief in almost all areas struck by a natural disaster is (a) none saw it coming, and (b) none were properly insured.
Accidents can cripple an individual and ruin his family‘s future. Here is how an insurance policy protects you.
Personal accident insurance offers coverage from death, disability arising out of accident. At a very low premium it offers wide cover.
The wise old saying â€˜Prevention is better than Cure‘ unfortunately does not apply to accidents. Try as we may, there is no certain way of preventing them.
Personal accident insurance -- Yes, you can include your family members i.e. your spouse and two dependent children in the family plan. You can also include your dependent parents up to 70 years of age.
Agents do not promote personal accident covers because of low commissions and advertising focuses on the big-ticket items. Nevertheless, personal accident insurance might be the missing ingredient in your finance portfolio.