Know All About the Keyman Insurance

Have you ever considered insuring the most important asset of your business—your employees? If not, then it is the time to think about it. The sudden demise, illness or accident of any key person in your company can largely impact your profits. Most of us know that a term insurance policy helps in financially securing […]

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Term Life Insurance Rates

Footnotes: 1. Date of birth has been assumed to be April 1st in the respective year for each. age group 2. Rates are for a male, non-smoker, delhi-based. 3. DHFL Pramerica, Star Union Dai-chi Insurance Co Ltd. are offline plans. 4. Claim settlement = Claims settled/(claims settled + claims rejected+ claims repudiated). 5. Exide Life […]

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Claim Settlement Ratio Of Life Insurers

Claim settlement ratio is an objective yardstick to select a reliable insurer. Especially for term insurance buyer, death claim settlement record of the insurer is critical to measure. The purpose of insurance gets defeated if claim is not honoured. It pinches more when beneficiaries are reliant on the insurance proceeds. In such a situation, a […]

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Go for insurers with claim settlement ratio of 85% or more

Published in Mint on Aug 16 2016, Written by Abhishek Bondia I am 50 years old and want to buy a term plan. Kindly suggest a suitable one. —Surendra Khemka You need to consider a few variables before finalising a plan. These include: sum assured, policy term and optional riders. Typically, a minimum sum assured […]

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One may buy term insurance along with a home loan

Published in Mint on 23 June 2015, Written by Abhishek Bondia What is a free look period? Why is it important? —Bhargav In a free look period, a policy can be canceled without penalties. Typical premature withdrawal or surrender charges associated with life insurance are not applied during the free look period. When a policy […]

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Why should one take riders with term life insurance

Riders are add-on covers insurers provide to enhance the scope of a life policy. Riders cover risks that are beyond the scope of the main life policy, resulting in a more comprehensive protection. The most common riders cover critical illness (or dreaded diseases) or personal accident (or accidental death and dismemberment). These add-ons step in […]

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