This category will have all articles on Insurance
Unplanned investments Manish is a 32-year-old individual, working in an MNC IT company. Manish’s family consists of a working wife, 2-year-old daughter and retired (dependent) parents. Manish and his wife are able to save Rs. 15,000 per month, which they invest in a mutual fund through the SIP route. While it is a good thing […]
Most people use insurance to financially protect themselves against life’s uncertainty. However, you may choose between different types of life insurance, such as term, endowment, money back, and personal accident covers. Often, you may be confused about choosing a term and personal accident plan. However, before making a decision, it is important to understand these […]
Insurance must be an important component of your overall financial plan. It offers protection against your sudden demise and ensures the financial stability of your family in your absence. It is important to understand different types of insurance policies to make the right decision. While most individuals compare and understand different policies, an often overlooked […]
A divorce is an unfortunate event that entails several financial implications unforeseen by many. Since most of the married couples manage their finances together, the separation becomes a messy affair. Consequently, a couple’s investments and other financial assets are affected drastically. Insurance is no exception to this. Although couples experience an emotional turmoil during the […]
Life insurance is the most convenient and cost-effective way to secure the financial future of your family. Moreover, insurance companies offer additional riders to enhance your coverage. Although policy riders enhance the insurance protection, many buyers tend to avoid buying them due to additional costs. However, the benefits offered by accidental death benefit rider are […]
In India, it is mandatory to insure your vehicle under the Motor Vehicles Act, 1988. Such an insurance plan offers coverage against any financial loss arising due to theft or damage of your vehicle. Besides, an auto insurance policy also covers any damage caused to third party or property. Types of car insurance plans The […]
Comparison of term insurance plans Karan wants to buy a term insurance plan. But he is in a dilemma about the ‘basis’ on which he should choose a term insurance plan. Karan will have do a comparison of term insurance plans and consider a number of factors before deciding which term plan he should go […]
Introduction Individuals invest in financial products to fulfil their various long term financial goals. Some of these financial goals include: Fund for child’s higher education Fund for child’s marriage Retirement fund for self and spouse Accumulating capital for starting a business in future Fund for making down payment for buying a house Fund for annual […]
In April 2016, popular Bollywood celebrity, Emraan Hashmi launched his book “The kiss of life: How a superhero and my son defeated cancer”. The book talks about Emraan Hashmi’s traumatic experience that he as a parent had to undergo when Ayaan, his four year old son, was diagnosed with cancer and the ways in which […]
Cancer statistics Cancer is fast emerging as one of the most deadly diseases across the globe and in India as well. As per a report published by Indian Council of Medical Research (ICMR), India is likely to have over 17.3 lakh new cases of cancer and over 8.8 lakh deaths due to cancer by the […]
The recent movie ‘M. S. Dhoni: The Untold Story’, revived memories of how India won the 2011 Cricket World Cup after 28 years with Dhoni’s famous 6 that he hit to finish the match in style. While Dhoni stole the limelight with that six and the captain’s knock that he played in the final, it […]
Claim Settlement Ratio for Life Insurance Companies for 2013-14 Click here to read about latest claim settlement ratio for 2013-14 ___________________________________________________________________ For people looking to buy a term insurance plan, annual premium charged for the term plan and claim settlement ratio of the life insurance company are two very important considerations apart from other important […]
Introduction Sandeep Roy is an angry man! One month back, he had purchased a single premium payment life insurance plan for which he had provided a cheque of Rs 1.5 lakh to his insurance agent. But when he received the policy document, to his dismay, he found that company has issued him a regular premium […]
Claim Settlement Ratio for Life Insurance Companies for 2013-14 Click here to read about latest claim settlement ratio for 2013-14 ___________________________________________________________________ Introduction Naresh Malhotra is a 30 year old marketing executive. He is on the lookout for a pure term insurance plan for a cover of Rs. 50 lakhs for a period of 20 years. […]
Introduction In this article, we will explore how should parents go about building a fund for their child’s higher education. Steps in Child Education Planning To understand the process of child education planning let us take an example. Rajesh’s son Mohit is 1 year old. He wants to accumulate money for Mohit’s higher education (MBA). […]
Introduction Ganesh is a 30 year old engineer working in a manufacturing company. Ganesh’s family includes his wife (homemaker), a 5 year old daughter (Komal) and retired parents. Ganesh has a 20 year home loan of Rs. 25 lakhs which he is servicing since the last 2 years. He has a 5 years car loan […]
Introduction Ajay’s 2 year old son Manoj likes playing with aeroplane toys. Right from his childhood days Manoj aspires to become a pilot when he grows up. Ajay (29 years old) had a dream of making his son a pilot and he was saving money for his son’s education. Ajay’s dream made a crash landing […]
HDFC Systematic Savings Plan – Product Review Introduction Rajesh is a 22 year old guy who has just entered the corporate world. Rajesh wants to accumulate money to buy his 1st two-wheeler. For achieving this goal Rajesh has decided to set aside Rs 2,000 every month from his salary. Rather than keeping this money in […]
LIC Jeevan Nischay – Product Review Introduction Companies listed on the stock exchange coming out with rights issues, wherein new shares are offered to existing shareholders in some ratio based on their existing share holding, is very common. But this is not a common scenario among insurance companies, wherein companies come out with a new […]
Introduction Every parent aspires to give the best of everything to their children; be it primary education, a good quality lifestyle, secondary education, lavish wedding etc. Child plans of most insurance companies play on this emotional aspect to push their products. Every parent’s top priority is to fulfil his child’s future dreams and aspirations. HDFC […]