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?
NPS (National Pension System/National Pension Scheme) is a type of long-term, voluntary security scheme available online as well as offline. The PFRDA or Pension Fund Regulatory and Development Authority regulates NPS accounts. It is ideal for offering monetary advantages to NPS account holders in post-retirement pension plans. It was introduced back in 2004 by the… Continue reading How To Open National Pension Scheme (NPS) Account?
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
In the post-retirement period, the regular flow of income gets hampered, and individuals tend to be prone to different diseases and ailments due to age. On top of that, your responsibilities do not decrease, rather, they escalate. So, keeping in mind the needs of your post-retirement age, you should start to plan and save early… Continue reading Top Pension Plans in India