Human capital is integral to the valuation of any business, a company invests substantially to groom its employees. Keyman insurance plan is growing in importance due to the talent crunch and the need for specific skill sets to continue business innovation and sustenance. Often, small and medium-sized companies depend on very few talented and competent […]
Term Life & Keyman
Importance of a Keyman insurance cover
Keyman insurance or key person insurance is a type of insurance that enables the protection of businesses from facing extreme losses due to the eventuality; or permanent disablement of an individual; who plays a critical role in the company. Many of the small and medium-sized companies typically depend on a small, competent, and passionate team […]
Availing keyman insurance cover: Here’s a checklist for you!
Keyman insurance is being sought after by many small and medium businesses that are often run by a small team of competent and highly committed members. Typically, start-ups that run based on certain skillsets or networks have extremely valuable human capital; they may choose to avail keyman insurance on those employees who could be detrimental […]
What are the advantages to a borrower to buy credit life insurance?
A credit life insurance policy prevents the borrower’s family to repay the loan in the case of the borrower’s death or disability. Following are the advantages to a borrower to buy credit life insurance policy – 1. Save your family from financial hardship – If you have credit life insurance, you are not leaving behind […]
Are you looking to minimise the risk of losing the key person in your organisation?
Just like the breadwinner in a family is considered to be the key towards its survival, certain people in an organisation contribute significantly towards its growth and sustainability. These people are so important for the employer that losing them could leave the company unstable and in long-term debts for a considerable period. There is always […]
A life annuity plan may be issued without any medical underwriting
Published in Mint on Dec 15 2016, Written by Abhishek Bondia I will retire in 5 years. I am single with no dependents. I have diabetes but have not gone through any other major treatment. How can I plan for my retirement? Would you recommend an insurance plan? —Oscar D’silva The key risk for you […]
Individual life insurance is relatively more economical than joint life plans
Published in Mint on Nov 25 2016, Written by Abhishek Bondia I want to extend my life insurance cover to include my wife. Should I go for it or would it just be better to get another plan instead? —Atul Shandilya Yes, you should get a separate plan for your wife. There are limited […]
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 […]
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 […]
Claim Settlement Ratio Of Life Insurers
Claim settlement ratio is an objective yardstick to select a reliable insurer. Especially for term insurance buyers, the death claim settlement record of the insurer is critical to measure. The purpose of insurance gets defeated if the claim is not honored. It pinches more when beneficiaries are reliant on the insurance proceeds. In such a […]