There is no certainty in life and the untimely demise of the breadwinner may put the financial stability of the entire family at stake. Life insurance acts as a cushion in case of an unfortunate event and provides financial stability to your family in your absence.
The most affordable form of life insurance is a term plan. It offers complete life coverage over a specific period of time, and in case of the death of the insured, the beneficiaries are paid the lump sum. It is important to understand what a term plan is before making a buying decision. A term insurance plan is offered at a low premium. It provides for complete coverage for life. Hence, when you buy a term plan, you can ensure the financial security of your loved ones in case if an untoward event was to occur.Continue reading “Which is Better for a Couple: Joint Term Insurance or Two Separate Term Plans?”
Savings should always be significant. All earning individuals understand and appreciate the need of a significant amount of savings to address all future needs. The requirements can be multiple, be it the event of a marriage ceremony, buying a new home or vehicle, children’s higher education or medical expense of elderly parents, need of money is indispensable in all situations. The case worsens under conditions of untimely death of the only bread earner of the family. It is always advisable to opt for term life insurance to take care under such circumstances.Continue reading “Insurances: Safeguard for Today and Tomorrow”
Your 20s are undoubtedly the best years of your life. You have an immense amount of energy, a growing sense of responsibility, and an increasing awareness about achieving your goals. Your 20s is a memorable decade as you have just started earning. You must use your earnings to buy some amazing things as listed below.Continue reading “10 Awesome Things That Every 20 Something Should Buy This Year”
Life does not come with many chances, especially for things that matter. You do not want to live your life in a way that makes you regret your life choices later. You need not worry, as you are not going to be in that situation if you can follow a few simple ‘Life Mantras’. Here are ten of them for you:Continue reading “10 Things You Should Do Now So That You Don’t Regret Later”
Here’s taking a look at how buying cancer insurance can help you in your greatest hour of need.
It is a word that can stop you in your tracks. Cancer is a feared disease, and the incidence of various kinds of cancers has been on the uptick through the years.Continue reading “3 reasons why you should take a cancer insurance policy”
Safety and security comes first when family matters are concerned. Money plays a vital role in everyone’s life; hence, earning money is of utmost necessity. However, spending money judiciously is a still more important task and should be handled with care. Throughout the earning period, funds should be separately allocated under various heads to address different needs of the family. This should be maintained for smooth running of a livelihood. However, one should always be prepared for unprecedented circumstances. Here, life insurances play a significant role and often acts as a financial support to several families who have suffered the untimely loss of their only bread-earner.Continue reading “Insurances – Securities that are a must for You”
Even though we sometimes begrudge the monthly premiums that we pay out each month, most of us will readily acknowledge the necessity of insurance. As far as most of us are concerned, there’s not much point in working yourself to the bone if you’re not healthy enough to enjoy the rest of your life.Continue reading “Why Travel Insurance Doesn’t Cut It When Working Abroad”
The importance of a health insurance plan is a no brainer for us. Health Insurance benefits attract mass popularity due to its protection from relatively high prices of health care. Moreover, it often helps you with the payment of checkups, hospital stay, medication payments as well as for important preventive care.Continue reading “What Is Health Insurance and How Does It Work?”
Most people in their late 20s want to invest their money to earn returns and improve their standard of living. In addition to that, they also want to secure the life of their loved ones by investing in Life Insurance plans which will safeguard the future of their family, in case of death or accidents. If you are one who is stuck on this crossroad, then ULIP is your safest bet. ULIP, which stands for Unit Linked Insurance Plan, is an insurance plan that can help you protect your family while also helping you in investing money.Continue reading “ULIP – Everything you need to know about ULIP”
Picture this: You’re in the middle of purchasing an insurance policy. The company offers you with a vast range of products to select from. Apart from understanding the technicalities, getting lost in a pool of investment plans is another level of madness. Rather than dreading the selection of the right plan, it’s always advisable to take the right help.Continue reading “Learn the differences between endowment and money-back plans”
There is no dearth of investment options in the market. However, the trick is to choose the right investment option, which meets your goals and will help you grow your wealth. It might seem like a herculean task for the majority of investors to choose an investment product out of the available alternatives. Out of all the current investment options, a Unit Linked Insurance Plan (ULIP) is considered as a preferred and worthwhile investment. You need to understand the ULIP plan meaning and its benefits to take the right decision.Continue reading “6 Benefits That Make ULIPs a Profitable Investment Option”