If an investment could read your mind, it’s Unit Linked Insurance Plan (ULIP). ULIPs tick every box in your investment wish list as they:  Grow your wealth to create a goal-fulfilling corpus  Protect your family with life coverage, should something happen to you  Offer the freedom to choose the investment option, type of coverage, tenure, and premium amount   Give you flexibility to switch between funds and make partial withdrawals during emergencies  Have tax benefits  How does ULIP work?  The amount you invest in ULIP gets divided in two pa ..read more

Capital growth, safety and tax-saving benefits. Any investment worth its salt will fulfill these criteria. While ELSS (Equity Linked Savings Schemes) and ULIP (Unit Linked Insurance Plans) emerge as the winners, how do you choose one over the other?   With a comprehensive analysis of both instruments, this article will help you in making a decision backed by understanding. ULIP vs. ELSS: A comparative analysis ULIP is a future-focussed investment that combines wealth building and insurance. ULIP aims to generate returns for long-term financial goals, without compromising the dependants’ f ..read more

Thirty-five-year-old Smita Sinha has no plans to get married or to have children anytime soon. She has a fulfilling career and a wide circle of friends. While she enjoys being single, she also knows that going solo will not be an easy ride financially.   Although she lives with her parents, she plans to buy a house of her own soon. She will fend for her parents in their old age. And she also wants to build a substantial kitty so that she can retire comfortably by the time she’s 55 – or earlier, if possible – with sufficient funds to travel the world and pursue her passions.  As ..read more

Growing your money is like building your body. Let it lie around and it’ll get lazy. But give it some heavy lifting, and it’ll pump up your capital.  To give your money more muscle, you need ULIPs and Mutual Funds (MF). Both investments have the potential for long-term wealth creation and savings through tax exemptions. Understanding them better will help you make an informed decision.  What is ULIP and Mutual Fund?  ULIP is like your lifelong bodyguard - an investment builds your wealth builder and provides insurance. Worried about funding your family’s long-term goals if somet ..read more

Know why astrologers, tarot card readers and other fortune tellers have a job? That’s because everyone wants to know how their life will turn out, how much money they will have, how long they will live?  Now if this information was easily predictable, not only would it help you plan your life like a pro, but it would also let you ensure a comfortable financial future for you and your loved ones.  While it is impossible to foretell one’s exact lifespan, an online life expectancy calculator can show you how to calculate life expectancy.   Life expectancy calculator: what and ..read more

As a consumer, you probably need a loan for  buying a home or a car . But do you know that you can secure your loan with an insurance cover? Loans are a valuable resource, empowering us to fulfil our dreams and meet our financial needs, or as we call it ‘the certainties of life’. Whether you take a home or a car loan, or an educational loan to fund your child’s studies abroad, or even a personal loan to finance your vacation, lenders offer an insurance policy called a credit life cover on all such retail loans. Such a cover will shield you and your family from the burden of unpaid debt in ..read more

India has traditionally been a country with very intelligent and long-term investments. We have been relatively safe even during global recessions, because of smart wealth creating activities. So, what are the top investment options in India, that keep us safe even during adverse times? Why Investing is Important in India Indian families are very conscious of creating an umbrella of security for their future - in the householder’s lifetime or for after. However, to find the right assets that will secure long-term financial stability, it is crucial to have some knowledge of the best investment ..read more

For Vikas, a junior accountant, nothing was more important than his family’s security. Which is why, he invested in a term plan with a sufficient death benefit. Despite supporting a large family on his meagre income, he diligently paid the premiums. Tragically, Vikas was killed in a road accident a few years later. When his family approached the insurance company to claim the policy benefits, they were surprised to see the insurance company swiftly processing the claim. Within a short period, Vikas' family received the full insurance payout. This is because Vikas was wise enough to research an ..read more

Everyone understands the value of life insurance today; it is an important financial asset that secures one’s family in the unfortunate event. But did you know that the history of insurance is as old as the history of most civilizations?   History of life insurance  Different ancient civilizations covered different forms of risk. In fact, insurance has its origins in the Babylonian empire, Medieval craftsmen skilling guilds, the Great Fire of London, and early sea trades. Europe’s history of insurance records the first life insurance policies in 1706 in London, issued by the Ami ..read more

As a customer, who doesn’t want the best product at the best price with the best service? When it comes to life insurance, you want to pick the right plan at an affordable premium from an insurer you can trust to keep your money safe for the next 30 years or more. You want to be sure that you pick an insurer who will promptly pay your claims as soon as they are due.   In other words, you want an insurer who puts the CustomerFirst. Great customer service will be rewarded with great customer loyalty. But winning the customer’s trust is not the task of the customer-facing sales or custo ..read more