Published in Mint on Feb 27 2017, Written by Abhishek Bondia I have a unit-linked insurance plan (Ulip) that I had bought in 2009. I have a family situation where I need to help my brother to pay his son’s college fees. Can I borrow against this policy? Will it be of the same value […]
Articles Tagged: term plan
You cannot change a term plan’s specifications after buying it
Published in Mint on Jan 19 2017, Written by Abhishek Bondia What is an adjustable life insurance plan? Can this be done for a term plan? —Gautam Chopra An adjustable life insurance gives the option of changing the plan’s specifications during the term of a plan. Changes can be made to the sum assured, […]
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 […]
Five steps to take before tying the knot
published in Mint on Jun 12 2015 Kirtan Shah, 29, plans to get married this December, but the Mumbai-based certified financial planner and chief executive officer of Ambition Learning Solutions, already has a clear view of his financial role post marriage. “I have decided that I will take care of all household and leisure […]
Taking financial services to every person and household
Published in Mint on May 25 2015 The government has increased the focus on providing access to various financial services. It has launched the Jan Dhan bank accounts for financial inclusion, followed by three other schemes. It also introduced a small savings product for the girl child. Here’s a look at what these schemes […]
Why are life insurance policies abandoned midway?
Published in Mint on May 11 2015 What would you call a product that is sold for 15 years but discontinued after just five? What would you call an industry that is unable to keep customers holding on to a product that was sold for the long term but is stopped midway? In India, […]
Nominees can file life insurance claims even if beneficiaries of the policy are no more
Published in Mint on May 21 2017, Written by Abhishek Bondia. My brother had bought a term plan on his life for Rs1 crore (more than 4 years ago). He had a wife and 2 children who were the beneficiaries. Both children were below 7 years of age. As his children were very young, […]