Insurance policy is an effective weapon to deal with the possibility of any loss in future. We do not know what will happen tomorrow, so we try to cover the possible loss in future through an insurance policy. 1. Insurance and investment Insurance means protection against risk. If an insurance company insures a person, then…
Car insurance renewal is very important. After the lapse of the policy, if the car is stolen or damaged, then you can be heavily burdened. In such a situation, the motor insurance policy should be renewed in time. Generally, insurance companies give a grace period of 15 to 30 days from the due date. You…
1. Medical insurance required In this era of ever increasing medical expenses, it is wise to take a mediclaim policy at the earliest. A few days back, Vaibhav Rathi broke his leg in a bike accident. When he reached the hospital, he came to know that he also had a hairline fracture in his head….
It is a good idea to set reminders to pay premiums for insurance policies. If the premium is not paid even after the grace period is over, then the policy lapses. This does not provide the benefits of the policy. However, you can re-enable a lapsed policy. For this, here we are telling you about…
The easiest way to save tax is by buying a life insurance policy. This is what most people doing last-minute tax planning do. March 31 is the last date for tax saving for the financial year 2020-21. However, a hasty decision to buy a life insurance policy can sabotage the very purpose of taking it….
There are mainly two types of life insurance plans. There is a pure protection plan. Others offer a mix of both insurance and investment. In this way, their focus is also on wealth creation. In the case of a pure protection plan, the benefit is available on the death of the insured. At the same…
1. Decision Making People postpone the decision to buy life insurance for many reasons. People of 30-35 years do not understand the need to spend on this. The reason is that they do not see any threat to life. Experts say that the longer you do not buy life insurance, the longer the risk remains….
Whether you are in a job, doing your business or working with professional skills, you must take a life insurance cover of at least 10 times your annual income. Why should you buy a life insurance policy? A life insurance policy protects the family from financial risk in the event of a person’s death. Suppose…