Insurance plans

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...

Potential policy buyers looking for a no-nonsense life insurance plan will find solace in a term insurance plan. A term plan is one of the purest forms of insurances that you can buy with your money. It is a straight forward transaction between you and an insurance company. A policyholder pas the premiums for a policy and in return, the insurer will provide them with life coverage. Should anything unforeseen happen to the policyholder, the insurance company will pay the sum assured to the nominees of the policy. Though it does not count as a proper investment, it does a world of good to your financial portfolio. It ensures that your loved ones have all the financial support that they need to proceed with their lives even in your absence. The reason why it does not qualify as an investment is that a policyholder does not directly benefit from the policy. If they outlive the policy term, there aren’t any benefits for them. You essentially buy peace of mind and financial freedom ...