There is a growing trend of term insurance covers being bought for ages beyond 70. This is fueled by two factors: One, the basic construct and exclusions of term insurance do not vary across insurers. So, in a bid to offer a differentiated proposition, insurers have increased the maximum age of coverage, going up to […]
Term Life and Keyman
Nominee in Term Insurance
A term insurance or life insurance as it is commonly known is an insurance product that guarantees cover after the death of the insured. There are various versions of term insurance available in the market. All types of term insurance have one thing in common – the nominee. How does pure-term insurance work? Term insurance is […]
Keyman insurance and its importance
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 […]
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 small and medium-sized companies typically depend on a small, competent, and passionate team and […]
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. The following are the advantages to a borrower to buy a credit life insurance policy – 1. Save your family from financial hardship – If you have credit life insurance, you are not […]
What is the difference between Term Life and Whole Life Policy?
Let’s see what is the difference between Term Life and Whole Life Policy- Term life insurance– is purely an insurance policy, for a set duration of time. The only purpose of the policy is to secure an individual against loss of life and on the expiry of the term, there are no maturity benefits. Once […]