Purchasing term insurance has now become a necessity rather than an option. Since life is uncertain, nobody knows what is going to happen next. Though it is good to purchase term insurance, sometimes, things don’t work in our favour. Be it mismanagement, lack of financial resources, or neglecting it intentionally, there are many ways under… Continue reading Reinstatement Period in a Term Policy
Category: Articles
Government Life Insurance Schemes
Government life insurance schemes are designed and implemented by state or central government to offer financial security to individuals and their families in the unfortunate event like death. There is no denying that there is a limited accessibility of life insurance in India, especially in rural areas. With this keeping in mind, the Government of… Continue reading Government Life Insurance Schemes
IRDAI’s Initiative with Draft Regulations for Bima Sugam Online Marketplace
The IRDAI (Insurance Regulatory & Development Authority of India) has just unveiled draft regulations for India’s cutting-edge digital insurance marketplace, “Bima Sugam”. Read on to know more… Bima Sugam, an important part of Bima Trinity, is a dedicated product aimed at increasing insurance implementation and enhancing accessibility and affordability. The IRDAI visualises “Bima Sugam as… Continue reading IRDAI’s Initiative with Draft Regulations for Bima Sugam Online Marketplace
Zero-Cost Term Insurance
Would you be interested in an insurance plan where the coverage is not tied to monthly payments but allows you to make smart investments? Imagine a scenario where your financial safety is crafted strongly without a significant drain on your wallet. That’s precisely what a zero-cost term insurance plan does! Zero-cost term insurance, also known… Continue reading Zero-Cost Term Insurance
Bima Bharosa – Register Complaint Against Insurance Company
Insurance plays a pivotal role in financial planning and protection in India. However, for numerous individuals, their interactions with insurance companies have been less than seamless. Instances abound where policyholders have encountered challenges, ranging from delays in claim settlement to encountering unfair terms and experiencing subpar customer service. To tackle such issues that policyholders often… Continue reading Bima Bharosa – Register Complaint Against Insurance Company
How To Link Aadhaar With LIC Policy?
The Indian government has put in place many initiatives to improve security and expedite procedures in the digital age, such as connecting Aadhaar cards to various services. To guarantee legitimacy and transparency, it’s crucial to link your Aadhaar card to your Life Insurance Corporation (LIC) policy. Life Insurance Corporation is referred to as LIC. It… Continue reading How To Link Aadhaar With LIC Policy?
Why Term Insurance Claims Get Rejected?
Rejecting claims is inevitable, even if the majority of term insurance providers highlight an efficient and clear claim settlement procedure. While the insurance company may be at fault in certain situations, policyholder ignorance or carelessness is typically the reason for the claim’s rejection. The nominee may not get the full amount of the claim if… Continue reading Why Term Insurance Claims Get Rejected?
LIC New Jeevan Amar Vs LIC New Tech Term
Life Insurance Corporation of India (LIC) has launched two term insurance schemes namely New Jeevan Amar and New Tech Term. Both plans are non-linked and non-participating. This implies that the insured person can pay a fixed amount to the schemes and they can get a guaranteed amount in return. People are more interested in non-linked… Continue reading LIC New Jeevan Amar Vs LIC New Tech Term
How Inflation Can Affect Pension Schemes in Retirement?
One of the main aims of life is to live the golden days of our life after retirement worry-free. For that, people invest in many schemes so that they can build a corpus or they can draw a certain amount monthly as a pension. However, the inflation rate is high in India and it is… Continue reading How Inflation Can Affect Pension Schemes in Retirement?
How to Get Life Insurance Without a Medical Exam?
Investing in term insurance is crucial for safeguarding a family’s future if the primary breadwinner passes away. In this essay, we’ll examine the possibility of obtaining term insurance coverage in India without a medical examination. Term plans protect your loved ones in the event of uncertainty, and since uncertainty is unpredictable, it’s critical to be… Continue reading How to Get Life Insurance Without a Medical Exam?