It is the answer to handle the curved ball that life might throw By, Mr. Puneet Nanda, Deputy MD, ICICI Prudential Life Insurance Published in: Outlook Money Do skydivers jump off a plane without a parachute? The answer is a simple no. They want to land safely. Similarly, life insurance is that parachute which ensures a family’s financial safety in…
India is witnessing one of its largest elections. Be it a corner of the housing society, at a road-side cafe, near water coolers in office or in a train, everybody is discussing what will happen on May 23 --- the day voting results shall be out. There is a certainty that India will know who might form the government. If…
Despite the many benefits of life insurance, there are very few policyholders in India. This is due to an array of reasons, such as lack of awareness, socio-economic pattern of the society, vast gap in financial literacy and a number of operational hassles. However, it is imperative to have a life insurance policy in your financial plan. It not only…
Our families are our biggest legacy. Everything we do is because of our family. When it comes to protecting them, every individual is a super-hero. This is why more number of people are buying term life insurance plans so that their families can get the shield of a high cover at an affordable price. Be it your wife/husband, children or…
Dear Son, Marriage is the most beautiful thing, and I am delighted to see you embark on this beautiful journey with Meeta. She’s a wonderful girl, and I am sure you’ll support her in every phase of life. I remember you telling me how you wanted your married life similar to what your mom and I have. Always remember that…
Buying a term insurance plan is like buying yourself peace of mind. A term insurance plan assures that the cover amount will take care of the family’s financial obligations and their daily needs, in absence of the chief breadwinner. It should be the foundation while building a financial roadmap. Being extremely affordable, the risk-reward for term insurance plans is fabulous.…
The insurance sector has been at the forefront of economic development in India. As per the Insurance Regulatory and Development Authority of India (IRDAI) data, the life insurance sector has touched a CAGR of 16.4% and the total life insurance premium has gone up to Rs 4.6 lakh crore for FY17-18. Despite a steady growth of the life insurance sector…
Term insurance is a good, affordable way to create financial security for you and your family. It ensures financial stability for your loved ones, in case of an unfortunate event and also gives you an option to cover yourself from critical illnesses like heart diseases, cancer etc. if they ever strike. Term insurance fits well at every life stage and…
A complete financial plan is one which assists in multiplying your investments and also protecting them, in case of any unforeseen event. While growth can be achieved through various financial instruments, a term insurance plan helps protect your investments. A term plan is more relevant if you are the sole breadwinner of the family. A term plan protects your family…
A good term insurance plan offers a series of benefits- it protects your investments, secures your family against financial distress and also comes with tax benefits. One should aim at having a term insurance plan that has a sufficient cover, long policy term, critical illness benefit etc. However, choosing a plan can be a challenging task if you are not…