We in India think that “investing” in LIC is the mark of a genius and the teaching of parents. If LIC plans made you money, Indians would have been much richer by now. In contrast, LIC made Indian poorer. I could witness that people paid around 40% of their income as LIC policy premium thinking that it is best investment ...
When buying a term insurance policy, you aim to secure the future of your wife and children in your absence. You want that the claim amount reaches them quickly and without any hassles. Simply buying a term insurance policy alone will not inevitably ensure that your beneficial nominees can get the sum assured after your demise. There is way to ...
Term Insurance is a pure protection insurance that offers financial protection to your family. It do not have any maturity benefits. It is same as car insurance and bike insurance. It would be beneficial only if case of accident or uncertainties of life. The coverage amount or the sum assured is paid to the nominee in case of death of ...
We discussed the importance of term insurance in the previous post. But time to discuss on how to select term insurance, sum assured and add-on with the term insurance. Selecting the Right Term Insurance for Your Family is important in personal finance planning. 1). Decide on sum assured: Term insurance for your family and your kid’s education. So select sum ...