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…
As we all know that the majority of the insurance products are sold using marketing strategies which mislead the people. Such strategies make it appear as if these insurance products offer 7%-8% returns whereas that’s not the case in reality. Before getting into HDFC Life Sanchay Plus review, here are the returns in different options…
Irrespective of popular opinion, it seems as if LIC has succumbed to the pressure from its agents. Having no better options than other private insurers, LIC has failed to meet the increased demand for term insurance plans. To re-establish its image as the most-trusted insurance brand in the country, LIC is launching 2 new term…
After such a long wait, LIC is finally coming up its new online term plan known as LIC Tech Term (Plan-No.854). Prior to this, LIC was continuing to offer its old E-term plan. The premiums in E-term plan were almost double than that of similar plans which were being offered by private companies. There is…
Here is the HDFC Life Sanchay review, summarised in the very first line of article – DO NOT BUY. HDFC Life Sanchay is a guaranteed trap rather than a savings cum investment insurance plan. This product offers returns in the range of 5%-5.3%. Some of the savings bank account are giving better interest rates than…
A term plan is a cost-effective life insurance policy that provides you with financial coverage for a specified time period. If the insured dies during the policy tenure, a sum assured (death benefit) is paid to the appointed nominee. On the other hand, in case the insured survives the policy term, the sum assured is…
Now a days, term insurance plans, which offer coverage up to 99/100 years, have become extremely popular among people. However, the sudden increase in popularity of such plans is only a result of aggressive marketing done by insurance companies and web aggregators. I have been seeing one such advertisement on my Facebook news feed for…