Insurance plans

Life Insurance Plans helps us protect our family members financially with a sum assured on our death to ensure they face no hardships after it. That is, the insured individual under the plan can financially secure their family members by paying regular premiums, even in their absence to minimize the difficulties that they might face after.  But the benefits of Life Insurance only go so far. In case you are looking for ‘Pure Protection Plans’, as Term plans are commonly referred to as, to provide financial aid in your absence then Term plans is the go-to. This is because Term plans specially cover for death. They offer the sum assured as ‘Death Benefit’ only if the insured individual passes away within the policy term. Moreover, they also provide for expensive treatments on diagnosis of an ailment or disability due to an accident if additional riders are availed. The payouts offered are mainly on a lump sum basis but can also be divided monthly if required.  What are Term...

Term Insurance for parents in India Term Insurance Plan Being a parent is a huge and significant transition in one’s life. The moment you welcome your little bundle of joy into your life, your responsibilities increase and so, also increases your expenses. In addition to the moral responsibilities of providing a good upbringing to your child, you have to bear the financial responsibilities as well.  Raising kids is an expensive affair today. The expenses related to their education, lifestyle, wedding, etc. are very high nowadays. In such a situation, it is quite necessary to have a term insurance plan to ensure the security of your children’s future in case of occurrence of an unprecedented incident. Bad time in life never comes with prior notice and you should ensure that your loved ones, dependents are financially secured in your absence. What is Term Insurance Plan? Term Insurance plan is a life insurance policy which helps in providing comprehensive financial c...