Have you ever considered insuring the most important asset of your business—your employees? If not, then it is 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 the […]
Term Life and Keyman
Term Life Insurance Rates
Term insurance is a type of life insurance that provides coverage for a specific period of time. The best rates for term life insurance in India will vary depending on factors such as the age of the policyholder, the amount of coverage desired, and the length of the policy term. Some of the top insurance […]
Claim Settlement Ratio Of Life Insurers
The claim settlement ratio is an objective yardstick to select a reliable insurer. Especially for term life 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 […]
Why the sale of life insurance products dipped in March
Published in Livemint. Life Insurance companies clocked 11.36% growth in collective sum assured during financial year ending 31 March 2020, according to data published by the Insurance Regulatory and Development Authority of India (Irdai). However, new business premium tanked 32% in March 2020 to ₹25,409.30 crore compared with ₹37,459.36 crore in March 2019. Life Insurance […]
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 […]
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 […]