People often doubt if it is wise to mix insurance and investment. In a single word, the answer is No. You should never mix insurance and investment. Though I can give you a technical explanation with all the financial jargons, I will better keep that aside and will explain to you the concept of mixing…
ICICI Pru has recently launched a new plan known as Guaranteed Income for Tomorrow. This is basically a non-linked, non-participating and limited/single premium payment plan. Simply put, the plan gives you 2 options to choose from. You can either opt for receiving lump sum amount at maturity or fixed income every year after maturity. Before…
LIC has recently launched a new plan called LIC Bima Jyoti (860). It is a non-linked, non-participating and limited premium payment plan. This article will take you into the details and review of the LIC Bima Jyoti Plan. But before that, let us first see what non-participating, non-linked and limited premium payment is all about….
If you search “LIC Jeevan Labh review” on Google, a number of different results will pop up. You will find that every blogger has shown returns of 6%, 6.70% and even as high as 7%. But if you check the maturity value of LIC Jeevan Labh policy on LIC’s website, it shows entirely different picture. …
There is no denying the fact that selecting a health insurance policy is a difficult task. You need to take a lot of factors into consideration before choosing a health insurance policy. One of the most important factors to consider is Room Rent Sub-Limits/ capping/ proportionate charges in health insurance policy. There’re many types of…
Is personal accident insurance policy really required? If yes, how can I compare personal accident insurance policies and choose the best one available in the market? Should I take it as a rider along with term insurance policy? Or should I purchase it separately from a general insurance company? Which is the better option? This’s…