Life Insurance

Wed, August 9, 2023 | 2 min read

So, you know that thing called term insurance? Yeah, you only need to worry about it if you're six feet under. If that's the case, then the death benefit (fancy term for sum assured) will be paid to your nominee or legal heir according to what's written in the policy.

Wed, August 9, 2023 | 6 min read

In the world of financial planning and investment, you may have come across Unit Linked Insurance Plans (ULIPs). They have gained significant popularity due to their unique combination of security and investment features, making them an attractive option for many.

Wed, August 9, 2023 | 3 min read

Let's have a little chuckle before we dive into changing nominees in a term insurance plan. Picture this - you're happily married, then suddenly you're not.

Wed, August 9, 2023 | 3 min read

There might be a few situations where a policyholder wishes to have more than one nominee for its life insurance policy. For example, if you have family members with different financial needs - like a life partner and children from a past marriage - you might need to part the sum assured between them.

Wed, August 9, 2023 | 3 min read

Have you ever wondered from where did the term life insurance have derived?Alright, let's take a trip back in time to when ancient traders were sailing the seas with all their treasures. .

Wed, August 9, 2023 | 3 min read

Have you ever thought about what would happen if there were no legal heir details mentioned in the insurance policy? Let’s take two scenarios that would make you think twice that in the absence of legal heir details not mentioned in the insurance policy what could happen? In the first scenario, if the policyholder passes away and there's no legal heir who can claim the policy benefits, the insurance company will hold the benefits for a certain period known as the "unclaimed benefits" period. The length of this period will depend on the type of policy and the insurance company.

Wed, August 9, 2023 | 1 min read

Worried about whether you are entitled to tax benefits for your term insurance plan, don’t worry we have an answer for you. The answer is Yes, you can get tax benefits for paying the premium of your term insurance policy as per the Income Tax Act, 1961, and the guidelines of IRDAI.

Wed, August 9, 2023 | 3 min read

We all cherish our kids, right? And we want to ensure they’re cared for no matter what. So, listen up parents, because this one's important.

Wed, August 9, 2023 | 6 min read

When it comes to ULIPs (Unit Linked Insurance Plans), one term that holds significant importance is the "Sum Assured. " It is vital in shaping your financial future by providing insurance coverage and investment opportunities.

Wed, August 2, 2023 | 3 min read

Group Life Insurance safeguards a collection of individuals, usually employees of a business or members of an association. The policy provides a lump-sum payment to the beneficiaries of an insured person in the event of their death.

Wed, August 2, 2023 | 3 min read

Life comes with its own risks and challenges. There are ways you can manage them with the proper support; such as life insurance for example.

Wed, August 2, 2023 | 3 min read

A Group Life Insurance policy is a form of insurance that offers life insurance coverage to multiple individuals who are united under one policy. This insurance policy is typically purchased by employers for their employees, but it can also be purchased by other organisations such as banks, societies, and other groups.