SIPing before TIPing – why is this one of the biggest mistakes an investor can make.
Term insurance cover is affordable, convenient and easy way to ensure that your family’s finances are taken care of long after you are gone.
Term life insurance plans can offer this and much more. The term plan market has evolved and insurance products now offer several add-ons and riders.
Riders are purchased additionally with a basic life insurance plan for getting additional benefits.
Additional dependents, an increase in liabilities, a change in career and earning capacity and changes in the family conditions are some instances when you should re-assess your term plan needs.
First job means a sense of achievement. However, one must also look at shouldering new achievements. Buying insurance can help you to with a strong base.
Decide your financial goals first and identify your needs. It is best to compare the policies and identify the best suited one.
Want to know more about convertible insurance policy - Feroze Azeez explains
Feroze Azeez of Anand Rathi states that one should always keep the investment and insurance goals separate for better financial returns. He also told CNBC-TV18 that people's monthly expenditure should determine options.
In an interview to CNBC-TV18, Hemant Rustagi of Wiseinvest Advisors explained the importance of risk management in financial plan of any investor.
In an interview to CNBC-TV18, personal finance expert, Pankaj Mathpal of Optima Money Managers shared his reading and outlook on debt consolidation and term plan.
Here is a comparison of the term plan, endowment and moneyback policies to see which the best one is for you.