Picking the right life insurance plan is key to protecting not just your financial interests but also your family’s future in your absence.
If you really think about it, everything about life is uncertain. You cannot predict if you will find the love of your life. You do not know if you will ever have a high-paying job. You cannot say if you will always be happy or healthy, or that your parents will still be around to play with their grandchildren. There are very few factors in your life that you can actually control. After all, when was the last time you accurately predicted that something good or bad was about to happen? Better yet, when was the last time you were able to avert an unfortunate event in the nick of time?
The fear that you will abruptly cease to be in the lives of your loved ones is a very real one. Apart from grappling with the emotional trauma of losing you, your family may also suffer the pangs of financial suffering. This vision can keep you awake at night, and wreak havoc with your mental peace. Continue reading “Life insurance plans are made keeping you and your family in mind”
It goes without saying that investing in life insurance is a big deal. Life insurance is defined as a bipartite contract between an insurance policy holder (an individual) and an insurer (an organization), where the insurer promises to pay a pre established beneficiary (often close family members like wife, children, husband, or parents) a pre decided sum of money (the benefit) in exchange for a periodically paid premium, upon the death of the insured policy holder. The policy holder typically pays a periodic premium (say monthly or yearly) or a one time lump some payment towards the insurance policy. Since it is a considerable investment, at the end of the day, no one wants to purchase the wrong insurance or pay for a plan that’s far beyond their needs.
Keeping that in mind, here are 20 tips to help you get the best insurance for your needs. Continue reading “20 Things You Need to Know and Consider Before Buying Life Insurance”
As an engineer, you likely already have some form of insurance. However, one type of insurance you may not have considered is professional indemnity cover.
Designed to protect you in the event of a claim being made against your business, this type of insurance can prevent you from losing your company if anything does go wrong. When you look at it like that, you realise exactly how important it can be! So what benefits, besides preventing you from losing your business, does professional indemnity insurance provide? Continue reading “The Importance of Professional Indemnity Insurance for Engineers”
One of the sad truths of life is that we all face that moment when all of it goes away. Of course, none of us are really prepared for those moments which take our breath away, in a very different way. We can however plan, if such a thing happens, when we least expect it, so that our loved ones are taken care of. While we may not be there personally in those moments of stress and need, we can at least plan in such a way that such stressful moments of life be taken care of, at least financially. Continue reading “Life Insurance – For those undesirable moments in life”
Life is unpredictable and full of ifs and buts. It is important to keep your family members secured in your absence. A term plan is an insurance solution that provides financial security to your family members in case an unfortunate event of death occurs to you. A term insurance plan ensures that the entire sum assured is provided to the nominee in case an event of death occurs to the policyholder. This Sum assured can be utilized the way your spouse/ nominee wishes to use it – pay bills, pay EMIs, pay for child’s school fees, health bills, etc Continue reading “Term insurance plans review”
If you read investing articles, especially ones for mutual funds, you may run across the term prospectus. And if you’re an investor, you’ve surely gotten these in the mail. More than likely, they’ve ended up in your recycle bin before you’ve opened the first page. But is trashing the prospectus really that harmless?
It can be. Why? Because knowing how to understand prospectuses is crucial for any investor so they can make an informed decision about buying or selling a stock or other security. Let’s go over what you might expect to see inside of a prospectus. Continue reading “Back Away from The Bin: Why You Shouldn’t Toss That Prospectus”
With rising inflation every day, the annual increments which we receive are not sufficient to ensure a better future. We need to plan every day for a better tomorrow through plans which will pay a better return on our investments. That being said, understanding investments is not a cup of tea for professionals who are not from the domain of banking and financial services. Further lightening and thunders in life strike without warnings in various forms and stages. So how should we plan to move ahead in our life and ensure a stable financial future? Continue reading “#IncomeKaTopUp – Plan for a better future with Exide Life Income Advantage Plan”
Loans against security are gaining public confidence of late. Read on to find about the current trends related to this popular option in India.
Did you know that loans against shares have sharply increased to 78%, pushing retail growth to 18% year on year in November 2015? This RBI data analysis published in The Economic Times mentions that this steep rise is reflective of the burrower’s confidence in this funding option.
There are various types options that can be used as collateral for loans against securities, including demat shares, mutual funds, gold deposit certificates, Kisan Vikas Patra, National Savings Certificates, life insurance policies and more. In this type of funding, you pledge your shares for one year to raise the required burrowing sum. Continue reading “Loans Against Security: A Trend Analysis”
If you are remotely concerned about medical expenses in a different country, especially a scenario where you need emergency departure, then the answer is undoubtedly “Yes!”
We would come across a lot a travellers who religious believe that travel insurance is for people who are always paranoid. However, knowing the fact that we don’t have a crystal ball to look into the future and unprecedented events are always lurking in the corner, it is always better to be safe financially, than worry when you are broke. Let us also leave you with a small tip – Make sure you buy the policy as soon as you can after the first trip payment just to make sure that your pre-existing health conditions are covered. Continue reading “Is travel insurance really worth it and what are its types?”
With increasing pressure to go to college and get a degree, there is a great risk of finishing school with student loan debt and no job prospects. As the saying goes, “find a job you love and you will never work a day in your life, because that field won’t be hiring.” Unfortunately, many people pursue degrees in industries that are shrinking or lack growth. Continue reading “3 Fastest Growing Financial Service Jobs”
You must’ve heard countless stories about bread winners of a family falling critically ill & not being able to retain their jobs or fend for their families & ending up having a disrupted life. Critical illness is a reality today & events like renal failure requiring kidney transplants & burn injuries etc are not something that happens to ‘others’. It is important that every earning member of the family covers him or her against the disruption that such events cause in their as well as their family’s lives, irrespective of whether they are covered by health insurance. Continue reading “Edelweiss Tokio Life – CritiCare+ is the best critical illness plan!”