Believe me or not, this is a child plan which you should never purchase. Here is the HDFC SL Youngstar Super Premium review to clarify the pros and cons and why you should not buy it at any cost. Most of the child insurance plans are sold using clever strategies and tactics. Indian parents are…
Would you ever buy a product if your agent tells you bluntly that the product charges are extremely high? In the first 2 years, the charges are around 7 %, and for the next 3 years, they are around 5%. Whereas the charges go as high as 9.9% from the 6th-10th year. This is the…
There’s this one thing that I know about ICICI Prudential Life Insurance. They make use of aggressive sales tactics to sell their insurance plans. The same strategies have been followed for Elite Life I to Elite Life II, now known as Elite Life Super. Nonetheless, there is nothing super about the plan. So, here is…
When it comes to buying a life insurance policy, the things that come to our mind are obvious. These include tax benefits at the time of investments and tax-free maturity proceeds. But what if I say that this isn’t the case for every product of life insurance companies? There is a specified provision for TDS…
In today’s age, one of the most fatal diseases in the world is none other than cancer. The disease has claimed many victims, and it continues to do so daily even while this article is being written. The Indian Society usually discourages people from talking about death or even thinking about it. In simple words,…
I really don’t understand why people believe that traditional insurance policies can offer returns up to 10% to 11%. How a young salesman fools’ people into believing that these returns are actually given by the insurance company? Trust me, there’s no debt product in the market that gives tax-free returns to such a high extent….
Three years ago, I had taken a traditional endowment policy from LIC. I have already paid 3 years premium and the next one is due in the upcoming month. Recently, I heard that endowment policies are not good for investments. The returns in the policies are only around 5-5.5% and in some cases returns go…
On July 8, 2019, IRDA came up with some new rules on Unit Linked (ULIPs) and non-linked life insurance plans. Before we proceed any further, take note that this is an informative article and it’s only meant for spreading awareness. According to the revised rules, the chances are that insurance companies will soon launch new…