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…
Category Archives Life Insurance
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…
First life insurance company in India to have a verified business account on WhatsApp – direct integration with WhatsApp Offers another convenient channel to delivering customer service ICICI Prudential Life Insurance has become the first life insurance Company in India to have direct integration with WhatsApp. This has enabled the Company to have a verified business account on the globally…
Term insurance is an instrument which gives financial protection to the families, in the absence of the income provider. However there are multiple myths surrounding it and it’s time to clear some of them. Term Insurance myths range from still believable to absolutely ridiculous and it’s important to know the difference. Let’s make life a little simple for term insurance…
In 2017, the Goods and Services Tax was introduced in India, replacing all indirect service taxes with a multi-level, comprehensive tax levied on all goods and services. The introduction of the GST made waves across the country, largely because of the huge impact it would have on the way we approached our financial planning and investments. In light of…
Every four years the magic of the World Cup gets to all of us. This year’s iconic football bout was no exception - a cup of unfathomable goals, unexpected wins, and a handful of surprising moments. While the juggernauts bowed out before making it even halfway through, lesser known champions won our hearts with invincible strategies. As we marvel over…
You may be building wealth through your SIPs. But there's something you may be missing, no matter where in life you are. People now have smaller families but bigger aspirations. In today's economy you can build wealth a lot more quickly than your parents used to. Investments such as SIPs allow you to pay for you house, for your kids' education and for your own retirement. However this wealth creation and the utilization of…
As the new year begins, our conversations start revolving around new year resolutions. When it comes to new year resolutions, health and fitness are evergreen themes with most common resolutions seeming to be around diet, regular exercise etc. Clearly, good health is something that people cherish. But, if we were to broaden the definition of good health, then we will…