8 reasons to buy a Life Insurance Plan Today – Insurance plans. It is frightening to know that only around 10-15% of the Indian population is insured under a life insurance.
One of the most important financial decisions is getting a life insurance policy. It does not matter how much money, fame or success you earn, life is unpredictable. To put this uncertainty into perspective, look at Princess Diana’s accident or Om Puri’s sudden heart attack that eventually lead to their tragic deaths. You never know where life might take you; therefore, it is important to be protected. India has various comprehensive life insurance plans from which you can choose the one that suits you the best. Taking Care of your Loved Ones – The main motivation for purchasing life insurance is to ensure that your loved ones are protected and looked after in case of your demise. Choosing your life insurance policy is an important decision.
Like this: Like Loading... Uncategorized. Five Must-Know Aspects Before Buying Term Insurance - Viral Rang. If you are on the hunt for a life insurance plan that provides a gigantic size cover but does not burn a huge hole in your pocket, then term insurance is your prey.
In simple words, you pay the insurance firm a premium amount and they will insure your life for a set period. God forbid, if you no longer survive during that period, your nominees get a death benefit. Buying a term plan can be tricky since there are so many aspects to it. We make it simple and detail the aspects you should keep an eye on. 1.Cover Amount It is the amount your nominees receive on your demise. 2.Plan Tenure You choose a cover amount considering the term plan tenure. 3.Premium It is the amount you pay in exchange for buying a term plan. 4.Riders You can increase your term plan’s effectiveness with riders. 5.Online vs Offline While you can buy a term plan with both ways, there is a benefit to buying it online.
3 ways to check the performance of your mutual fund. 3 ways to check the performance of your mutual fund With the implementation of the demonetisation policy, the investment options for individuals have gone through some changes.
Since the banks are now flushed with funds, the interest rates are decreasing. Life insurance policies seem to be more and more favourable. Among various life insurance policies, ULIPs are considered to be a desirable option. From the perspective of it being a reliable wealth-creating scheme, the protection and tax saving it offers make it an overall beneficial investment. In an ULIP scheme, the insured person receives a part insurance policy and a part investment policy. 1.Check the fund’s returns – Before selecting to invest in a particular mutual fund it is important to check its returns. In a ULIP while the policy takes care of your insurance cover, it is important that you make an informed decision regarding your investment. Investment Plan - Support your future with an investment plan. Your future is unknown.
For some this may be a cause of panic, for others who are well prepared this could be something they look forward to. If you are someone who is very anxious about your future financial situation, then we are here to help you out. The best way to be financially secure is by investing in an investment plan. By investing here, we mean investing your time and resources in exploring the best investment plans. The more knowledge you have, the more informed your decision will be. Investment plans are tools which will help you be financially secure for the future. There are various benefits of having an investment plan, some of them are: Your decision making process is simplified – One of the main concerns when you are invest independently is to arrive at a decision. One of the best investment plans in India are ULIPs.
ULIPs allow you to make direct market investments. ULIPs are less prone to risks compared to mutual funds.