Personal Pension Plan: Unlock Your Dream Retirement!
Introduction: With rising life expectancy, it is going to be of paramount importance to make provisions for a prolonged post-retirement period. Unfortunately, many people fail to prioritize retirement over other financial goals, such as a son’s education or a daughter’s marriage. As a result, they are left with no or very little savings post-retirement. Hence, […]
Guaranteed Savings Plans: A Smart Choice for Uncertain Times
Introduction: Amidst the uncertainty of current times, numerous investors are opting for life insurance policies that provide guaranteed returns. There is a definite shift in consumer preference towards Guaranteed Savings Plans, also called Guaranteed Income Plans, as they offer capital protection and stable returns. Also, the life cover provides financial security to the family. In […]
What is ULIP and How It Can Help You Secure Your Future?
Introduction: ULIPs, or Unit Linked Insurance Plans, have been gaining popularity among young investors for their ability to offer both investment and life insurance benefits. So, if you’re wondering what is ULIP and want it to be a part of your investment portfolio, it’s worth understanding what sets them apart from other options like mutual […]
Whole Life Insurance Plan: A Lifetime Assurance!
Introduction: The primary purpose of life insurance is to safeguard your loved ones until they are financially dependent on you. However, uncertainty regarding the duration of your financial dependency can pose a challenge. This is where a Whole Life Insurance Plan can be useful, as it provides coverage for your entire lifespan, up to the […]
The Best Term Insurance Plan: Cheapest isn’t Always the Best!
Introduction: Recently, we have seen an influx of term insurance ads focused only on the price point. For example, you might see an ad that reads, “Buy a 1Cr cover for the price of a cup of coffee” or “Get a 1Cr term insurance for the price of a slice of pizza.” However, cost should […]
Married Women’s Property Act: A Practical Safeguard for Women’s Financial Security
Introduction: We buy a life insurance policy to ensure that our loved ones do not have to compromise their dreams and goals for lack of funds. However, do you know that just writing your wife’s or kid’s name in the “Details of Nominee” block in an insurance application does not ensure that they will be […]