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They are may be like the tail of a creature but can be immensely useful. We are referring to riders provided in life insurance plans by life insurance companies. Riders provide insurance protection for events like accident and critical illness, among others. The riders provide a wider insurance cove...
Major reasons why women, like men, need to have financial protection from life insurance coverage by buying life insurance policies.Edited highlights0:30 It is as important to buy life insurance for women as it is for men1:01 Women need to buy life insurance whenever they financial dependents to tak...
You will not disagree with us if we tell you that your loved ones need to be financially secure at all times. This means that even in your absence, they should be able to lead regular lives and pursue their dreams without financial worries. This is something that adequate life insurance can ensu...
Life insurance companies offer child unit linked insurance plans (Ulips) that can help save for the future expenses of children like higher education. Child Ulips use the premiums to provide not only life insurance coverage but also help you buy units in a fund of your choice. One of the major a...
Unlike most life insurance plans that provide life insurance coverage for a period of time or a term, a whole life plan covers you for your entire life. Most prominent life insurance companies offer these life insurance policies. There are some life insurance players who specialise in these plans. O...
Much depends on whether you have a regular income and whether you can save regularly. However, annual life insurance premiums are typically lesser than quarterly and monthly premiums....
Hello and welcome to Fundoomoney, your 24X7 buddy for all your money matters! Life insurance companies offer child plans to save for the future expenses of children, especially higher education. A variant of the child plans is children’s unit linked insurance plans (Ulips).They use your premiums t...
Beware of three common marketing spiels of some financial advisors trying to hardsell unit linked insurance plans (Ulips) or even missell them.Hello and welcome to FundooMoney, your 24X7 buddy for all your money matters. You are bound to come across financial advisors, life insurance brokers and ban...
Investors are often attracted to unit linked insurance plans (Ulips) offered by life insurance companies thanks to the combination they provide. They not only provide tax savings since they are eligible for tax deductions under Section 80C for premiums, but they also provide the typical high growth ...
Unit linked insurance plans (Ulips) are one of the most popular life insurance product categories in India. Yet, in a little more than a decade it is also become well-known as product category where financial advisors, bank relationships managers and other people selling them have been guilty of...
All life insurance companies provide endowment plans. So, it makes sense for a prospective buyer of a life insurance plan, to get an idea of endowment plans and other categories of life insurance plans while scouting for the best life insurance plan for him or her. When it comes to endowment pl...
Taking a loan against a fixed deposit (FD) can mean paying a much lower interest rate or loan rate compared to credit cards and personal loans. You can get them much quicker than personal loans. Here are 5 things you must know.Welcome to FundooMoney, your 24X7 buddy for all your money matters. You a...
Single premium Ulips are often recommended by some financial advisors when it comes to investing lump sums, be it early retirement and VRS proceeds, windfalls and even parts of inheritance. 3 things you must know before buying one.Hello and welcome to FundooMoney, your 24X7 buddy for all your money ...
Welcome to FundooMoney, your 24X7 buddy for all your money matters! Life insurance companies offer child plans to save for the future expenses of children, especially higher education.A variant of the child plans is children’s unit linked insurance plans (Ulips).They use your premiums to provide l...
Money back plans, a type of life insurance policy providing life insurance with investment and offered by life insurance companies explained in less than a minute. Money back plans are similar to endowment plans but you get your money (sum assured) back at specified intervals during the policy ...
Hello and welcome to Fundoomoney, your 24X7 buddy for all your money matters! Life insurance companies offer child plans to save for the future expenses of children, especially higher education. Now, many of us typically buy child plans from financial advisors or relationship managers in banks. Not ...
Hello and welcome to Fundoomoney, your 24X7 buddy for all your money matters! Life insurance companies offer child plans to help save for the future expenses of children, especially higher education. A variant of the child plans is children’s unit linked insurance plans (Ulips). They use your prem...
Unlike buying a term life insurance plan from a financial advisor where he helps you, you are on your own when you buy it online. Here are four things you need to remember when buying a term plan online.Compare the plans and costCompare the features of term plans from different companies or compare ...
Welcome to FundooMoney, your 24X7 buddy for all your money matters. Life insurance companies offer child plans to save for the future expenses of children, especially higher education. A variant of the child plans is children’s unit linked insurance plans (Ulips).They use your premiums to provide ...
Unlike buying an unit linked life insurance plan (Ulip) from a financial advisor where he helps you, you are on your own when you buy it online. Here are three things you need to remember when buying an Ulip online.Calculate the regular investment amountMajor long term needs, for which Ulips should ...
When you attach riders to a term plan, you get additional insurance coverage for risks that your family faces other than the risks to your life. Only life cover may not be enough after an accident In case you are involved in a major accident, your family is hit by a double whammy. Your inc...
You benefit from paying a low premium on buying a life insurance plan early in life. What’s more, you pay the same premium for the next 20-30 years of the term. Suggested video Tip: Why Buy Life Insurance When Young ...
It protects your family till you save enoughTill you save enough, your family remains financially vulnerable in your absence. Your family might find it difficult to meet regular expenses and important future needs like child’s higher education. Term plan provides the adequate protection your famil...
When you are about to buy unit linked insurance plans (Ulips) from life insurance companies for your child’s higher education and marriage, don’t forget to take these 4 steps.Account for inflationA higher education course costing Rs 10 lakh today will cost Rs 24 lakh in 15 year...
1. Section 80C deduction The tax benefits you get from life insurance provided by a life insurance policy from one of the life insurance companies.Life insurance premium upto a maximum of Rs 1.5 lakh annually is eligible for tax deduction provided the sum assured or the life insurance amount is at l...
Many people buy life insurance plans from financial advisors. Here are 4 questions that they must ask them about a plan before buying it.What is the life insurance coverage?Get your advisor to calculate the life insurance amount your family needs. Then, find out whether the plan provides the r...
If you die within the policy term, your nominee gets the sum assured or the life insurance amount, and some return. You get the corpus you have saved if you survive the term. There are two types of endowment plans: without-profit and with profit plans.Without-profit endowment plansWithout-profit end...
Term plan, a type of life insurance policy provided by life insurance companies explained in brief. Term plans are life insurance plans that just cover the risk of demise during the term of the policy. On death, the nominee gets the “sum assured” i.e. the amount of life insurance. If you survive...
Unit linked insurance plan (Ulip), a type of life insurance policy offered by life insurance companies combining life insurance with investment, explained in less than a minute.Unit linked insurance plans (Ulips) are primarily investment plans which also provide life insurance. Ulips are flexible in...
Whole life insurance plan, a type of life insurance policy, provided by life insurance companies, explained in less than a minute. Unlike most life insurance plans that provide life insurance coverage for a period of time or a term, a whole life plan covers you for your entire life. In whole l...
It is common knowledge that one needs to invest regularly to meet major future needs such as children’s higher education and your retirement. However, in the hurry to get going for those financial goals, many of us may forget to buy a life insurance policy or hav...
Life insurance is crucial to protect your loved ones in the unfortunate event of your demise. However, sometimes, other financial priorities may actually make you end up putting off buying life insurance. But that is exactly which you must avoid. In fact, it...
In little more than a decade, unit linked insurance plans (Ulips) have become very popular in India. You are bound to have been approached for buying Ulips, especially during the tax saving investment season towards the end of every financial year. So, what exactly is an Ulip all about? ...
Despite their popularity, money back plans have some significant drawbacks that most people seem to be unaware. Here are some of them: Limited life insurance cover While money-back plans combine life insurance with investment, for the same premium amount, the life insurance coverage is no...
Money back plans are among the more popular life insurance plans in India. While scouting around for life insurance policies, during the tax-saving investments seasons, typically near the end of every financial year, should you be seriously considering a money back plans. It would be first usefu...
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