Category: Life Insurance

In India, residents are required to pay taxes following the tax bracket to which they belong. But there are ways to earn tax deductions through investment plans in different tax-saving instruments so that you pay no tax or zero tax on your income. People are always looking for ways to avoid paying income tax. They… Continue reading How To Save Tax For a Salary Above 10 LPA?

When a person reaches the senior citizen age bracket, they typically look forward to more relaxed days and enjoy the benefits earned during their working days. Moreover, many elderly people occasionally want to make financial contributions to their families, even when they are not present. This is where the term insurance plans for senior citizens… Continue reading Best Term Insurance Plans For Senior Citizens

Do you feel that policy-related jargons are complicated? Are you dependent on your agents for financial planning? If yes, then you will definitely find this blog useful. It discusses the difference between two commonly used words in the policy sector- “Insurance” and “Assurance.” Although these two words are often used interchangeably, technically, they are different… Continue reading Difference Between Insurance and Assurance

The National Pension System (NPS) is a retirement benefit program created by the Indian government to provide each subscriber with a steady income after retirement. It is an effort to find a long-term solution to the issue of giving each Indian person a sufficient retirement income.  Every subscriber receives a specific Permanent Retirement Account Number… Continue reading National Pension System

LIC introduces the unit-linked, non-participating individual pension plan — the New Pension Plus plan. Before investing, learn everything there is to know about the new plan. On September 5th, LIC unveiled a brand-new ULIP (Unit Linked Insurance Plan) plan called LIC New Pension Plus 867. This individual pension plan is non-participating, unit-linked, and promotes systematic… Continue reading LIC Launches New Pension Plus Plan. Find Out What’s New

The breadwinners of the family generally believe that buying a life insurance policy will keep their family secured in their absence. However, legal procedures and financial matters are far more complicated than you think they are. In the worst-case scenario, your nominee won’t even get the assured amount after your unfortunate demise.  Just imagine, that… Continue reading Things To Know Before Buying Life Insurance Policies Under MWP Act!

PIL or Postal Life Insurance is a profitable scheme offered by the government to offer you higher returns on your life insurance plan premium. Only employees of the Central and State Governments, Public Sector Enterprises under the State and Central Government, Universities, Local Bodies, and Government Aided Educational Institutes are eligible for a PLI or… Continue reading How To Check PLI Status?

Any financial plan must include life insurance, but what happens if the coverage is insufficient for your needs? Riders for life insurance are optional extra coverages that can be chosen at the time of new or renewed policy issuance. These extra coverages are available in exchange for a higher price and offer comprehensive coverage for… Continue reading Everything You Need to Know About Life Insurance Riders

When an individual decides to buy a policy, he/she prefers to choose a plan that offers both savings and life coverage. Although there are various plans that can offer you insurance-cum-investment benefits, we shall compare endowment and money-back policies in this article so that you can make a wise decision about which one will suit… Continue reading Endowment Vs Money Back Policy – What Should You Buy?

When you think about buying a life insurance plan to safeguard yourself and your family from future uncertainties, a term insurance plan will certainly come to your mind because of its popularity and benefits. The first question that comes to our mind is how much return we will get at the end of the policy… Continue reading Best Investment Plans for 5 Years