E-Insurance Becomes Mandatory from April 1

Insurance E-Insurance mandatory from Apr 1: How to open an e-insurance account? Starting Apr 1, the IRDAI has mandated all the insurance policies to be given digitally in line with the regulations prevailing to safeguard policyholder information. Policyholders from henceforth should open an e-insurance account instead of just physically keeping the policies. Doing so, allows […]

Top 10 life insurance companies in India

#bestlifeinsurance Top 10 Life insurance companies in India 2023 Life Insurance Corporation of India (LIC) LIC is the largest insurance company in India and is owned by the Government of India. It offers a wide range of insurance products, including term plans, endowment plans, ULIPs, pension plans, and child plans. The company has a wide […]

What-is-Free-Look-Period-in-a-Life-Insurance

Free Look Period in Life Insurance?

What is the Free Look Period in a Life Insurance? The Free look period is the time given to the policy buyer to assess and review his policy details. During the free look period, the policy buyer has the right to cancel the policy, if they are not satisfied with the terms that you were […]

Documents required for buying a Life Insurance Policy

Documents required for buying a Life Insurance Policy Are you planning to buy a Life insurance policy? Here’s a quick guide on the documents you should submit. Address Proof</h3 > Driving License, Aadhaar Card, Passport, Etc Income Proof</h3 > Bank Statement, Salary Slip, IT returns filing receipt. Identity Proof</h3 > Driving License, PAN CARD, Passport. […]

Term Insurance Policy – Death Benefits – Type of Death

Term insurance policy death benefits type of death Term insurance is a type of insurance which offers financial compensation to the policyholder’s nominees for a given period. The timeframe is pre-decided at the time of issuance of the policy. The nominee will receive the death benefits after your demise. Life is unpredictable. We are not […]

Why Youngsters should buy term insurance?

Why Youngsters should buy term insurance? Most youngsters today do not have a clue about financial planning. Not having the faintest idea on how to invest their extra income into something productive, they splurge it on buying unnecessary things. Funds they waste needlessly can come to their aid or their family’s support in the future […]

Five reasons why everyone should buy a term insurance

Five Reasons Why Everyone Should Buy a Term Insurance Life is full of uncertainties. We may judiciously plan our long term financial goals. However, a sudden event like death can jeopardize our goals and leave your family financially crippled. Our savings may prove to be insufficient with factors like inflation coming into play. In the […]

Five Reasons not to Quit a Life Insurance Policy

Five Reasons to not quit a Life Insurance Policy Despite the growing awareness about the importance of insurance policies, the number of people who have life insurance in India is woefully low. It means that hundreds of millions of people are left unprotected from uncertain events like accidents, illness, or any other event that could […]