Everyone is looking to secure the future of their family and in order to achieve this objective, you are advised to buy a term life insurance plan. A term plan pays the Sum Assured to your family in case of your unfortunate demise during the term of the policy. Considering the changing needs of the customers, the life insurance companies have come up with a customized range of term insurance plans. You only need to pick the right term plan that suits your needs. To help you make the right choice for securing your family’s future, we bring to you the list of top online term plans that are avail ..read more

Everyone is looking to secure the future of their family and in order to achieve this objective, you are advised to buy a term life insurance plan. A term plan pays the Sum Assured to your family in case of your unfortunate demise during the term of the policy. Considering the changing needs of the customers, the life insurance companies have come up with a customized range of term insurance plans. You only need to pick the right term plan that suits your needs. To help you make the right choice for securing your family’s future, we bring to you the list of top online term plans that are avail ..read more

Life Insurance Corporation (LIC) of India is the oldest and only public sector life insurance company that offers a variety of life insurance products to cater to the customers’ insurance needs. With LIC, you can choose plans such as term insurance, endowment, money back, child plans, whole life plans, etc. With its products, LIC has secured over 250 million lives. In this blog, we are focusing on LIC’s Best Child Insurance Plans you can invest in 2019-20. 1. LIC’s Jeevan Tarun LIC’s Jeevan Tarun is a limited premium plan that provides the dual benefit of savings and protection for your childr ..read more

When you own a car, you need to buy insurance for the vehicle. You have the option to buy a third-party or comprehensive coverage. With third-party insurance, you are covered for a third party liability that arises due to your fault. By getting comprehensive car insurance, you are covered for third party liability and provides financial protection against damage/repair caused to your vehicle. If your car damages in an accident, you must be getting worried about the car damage and getting the claim from the insurance company. Buying car insurance does not guarantee that your claims for the dama ..read more

Accidents can occur with anyone and at any time, so it’s better to stay prepared against such uncertainties. According to The Ministry of Road, Transport, and Highways, 1.5 Lakh people lost their lives in road accidents in the year 2018. It counts to the death of 17 people every hour due to road accidents. As the number of accidents is increasing drastically, it becomes quite essential to get covered against accidents. A Personal Accident Insurance Policy provides cover for accidental body injuries, disablement or death. Coverage under Personal Accident Insurance Policy Disability Cover An acc ..read more

Health Insurance is the base policy that covers hospitalization costs for any illness or injury. You can attach add-on features with a health policy that will work towards providing the enhanced coverage. Add-ons are additional features that you can buy, as a top-up, to your base health insurance policy. But there are caveats to know before buying add-ons. Besides, there are standalone health policies that may prove to be more beneficial. You can select the add-ons as per your individual requirements and at a lesser price than buying an entirely new policy. Let’s go through some of the common ..read more

Term Insurance plans are now the choice of the majority, as the people are becoming aware of the importance of the financial security of their family. When it comes to buying term plans, people tend to prefer online term insurance plans as it offers cover at lower premiums and it’s easy to buy as well. Typically, a term plan offers only the life cover and it does not pay the premiums back but gives the extensive coverage at a small premium. However, with the changing needs, people are also looking for plans that offer life cover along with the return of premium option. Here, comes the role of ..read more

When one thinks of insurance policies by the Indian government, the first organization that comes to the mind is Life Corporation of India (LIC). A lot of individuals might not be aware that the Department of Posts also offers life insurance under the name of Postal Life Insurance (PLI). In fact, PLI is the oldest insurance service provider that was launched on February 1, 1884. One thing is to be noted that PLI has an eligibility criteria under which only government officials or the individuals working in organizations associated with government can be a part of the scheme. On the other hand ..read more

By buying a life insurance policy, the insurance company promises you to pay the sum assured as claim amount, in the event of the death of the insured within the policy term or at the maturity of the policy (whichever occurs earlier). For life insurance policies that offer pure risk cover such as term insurance plan, your family will receive the life cover amount. For other life insurance policies like an endowment, money back, ulips, etc., you will receive the life cover amount or maturity benefit, depends on the earlier occurrence of the event. When it comes to the settlement of death claims ..read more

Life insurance policy is a two way contract between the insurance company and the insured based on the principle of utmost good faith. The insured (whose risk of life is covered by the insurance company) promises to pay the premium as per the policy contract terms and conditions. On the other hand, the insurance company promises to pay the claim which arises due to either death of the insured during the policy term or on maturity of the policy contract (whichever is earlier). Settlement of death claim by the insurance company is all the more important for the dependents of the insured as it co ..read more