LIC launched its online term plan that is, e-Term Plan in 2014, a while after the private players like HDFC and ICICI had launched their online term plans. Before getting into LIC e-Term review, let us start with the basics What is a Term Plan? A Term Plan is a policy that provides insurance cover…
Which is the best term plan with return of premium (TROP) ? Which is the best term plan with Maturity Benefits? The answer to this question is ‘none’. If you want to know the reason behind the answer, you’ve come to the right place. But before that, let us understand what a term plan is…
You may have encountered few advertisements on different social media platforms promoting term life insurance of 1 crore. The purpose or construct might differ in their advertisements, for example, Secure your family with 1 Crore term life insurance Buy 1 Crore term life insurance at 500/- per month The basis of most marketing strategies is…
I am a 35 year old, married man with one child. Though I am covered under a health insurance policy of 5 Lakhs through my current employer, I also have a personal family floater Mediclaim Insurance worth 5 lakhs that I bought late last year. Lately, I have been going through different posts and blogs…
I understand, insurance as an investment is a bad idea. The only product that one should buy from an insurance company is Term Insurance. All other forms of insurance product is nothing but wastage of money. There are different types of insurance products which are available for consumers in the market such as endowment policies,…
What is Zero Depreciation Insurance in Car Insurance? Do we also call it bumper to bumper insurance in India? How is it different from Standard Comprehensive Cover? My friend Manish, who is working in a Mumbai-based firm met with an accident recently. The car damages were in the range of Rs. 1.5 lacs to 2…
My friend Sanjay opted for a life insurance policy as his advisor had promised returns in the range of 14%-16%. He was very excited about the returns that was promised to him and was looking forward to it. Sanjay received a big shock when he received the policy bond since his advisor had duped him…
It is a well-known fact that term insurance is essential for everyone. It gives our family a certain level of financial stability, if we are not around, that is hard to get otherwise through the other instruments in our early stage of life. But what should be the tenure of term insurance? To make it…