Insurance plans

The Government has introduced LIC Pradhan Mantri Vaya Vandana Yojana, with a modified rate of pension in this extended plan. As per the policy terms and conditions, insured will get guaranteed rates of pension that will be reviewed and decided at the beginning of each year by the Ministry of Finance, Government of India. In the first financial year which is up to 31st March 2021, this LIC senior citizen scheme will provide an assured pension of 7.40% p.a. That will be payable in monthly instalment. Only the LIC of India is authorised to operate this scheme. Read this article and know the features of LIC Pradhan Mantri Vaya Vandana Yojna. List of LIC Pradhan Mantri Vaya Vandana Yojna Benefits! Let's find out why the LIC Pradhan Mantri Vaya Vandana Yojna , is best for senior citizens aged 60 years and above:- Pension Payment : If you survive in the policy term of 10 years, pension in debt that is overdue after one or more missing payments. And it will be payable at the end of each p...

One can never be prepared enough for the surprises that life can through at you. However, some level of preparation is better than no preparation at all. For all the surprises that you can expect, a good life insurance policy can help you get through most of them. Life insurance plans can help you to get through some of the tougher phases such as disability, death, retirement, accident, medical emergencies, etc. It will ensure that your loved ones are not financially stranded in your absence. You can fund the education of your children with the help of life insurance plans or use them as a healthy source of income for the later phases. And most importantly, you can make sure that your lifestyle is not impacted by ups and downs in life. Max Life Whole Life Super Plan Max Life whole life super plan is an insurance plan that can help you devise a contingency plan. Fundamentally it is a savings plan, which will help you build a healthy corpus over a period of time. You can then use t...

When you have a child, he or she becomes the centre of your universe. You want nothing but the very best for your child at all times. This is why you need to protect the wellbeing of your child. Thankfully, it is an easy task to complete, thanks to the various child plans available in the country. The top life insurance providers such as SBI Life, have some of the best child protection plan options for you. Take a look at this article to know more about the child plans in SBI Life and how you and your child can benefit from them. Best child plans in SBI Life Insurance Among some excellent life insurance plans, SBI Life has a couple of very good child plans. They are the SBI Smart Scholar Investment Plan and the SBI Smart Champ Insurance Plan. Let us take a detailed look at both these plans in the sections below. The SBI Smart Scholar Investment Plan To begin with, we have the SBI Smart Scholar Investment Plan. Here are the beneficial features of this plan: Unit linked plan -...

Terms Insurance policies are meant to cover the risk of your family members after your death. These plans are available at an affordable rate of premiums. But most of the individuals get confused before taking any plan because there are thousands of term insurance plans in India and it is difficult to choose the best of them. Therefore, you see the list of some policies and decide the best term insurance policy for yourself. Securing your family’s future risk early is a smart and effective move. So you must explore all the plans and see each and every detail of them to make a better choice. Best Term Insurance Policies Explore the 5 best term insurance plans and see how they can help your family after you. All the plans given below are available at an affordable premium that would make it easier for you to choose any one of them.  Aegon Life iTerm Insurance Plan  ICICI Prudential iProtect Smart Term Insurance Plan  SBI Life eShield Term Insurance Plan  HDF...

Nowadays, health issues have become the major concern for many individuals and they can only cover the health risks through a health insurance policy. As the medical expenditure is quite high so the individuals are looking for a health insurance plan for 10 lakhs or more. Therefore, you can see various health insurance plans that cover the risk of at least 10 lakhs. On the other hand, an amount of INR10 lakhs is enough to meet out all types of expenses during a medical emergency and that is the main reason an individual wants a health insurance policy that covers the huge sum of money. Types of Health Insurance Plan with the Sum Assured of 10 Lakhs Here you can see the types of health insurance that covers a huge sum of money and compensate for the expenses incurred during a medical emergency. Religare Care Health Insurance Plan Religare Health Insurance Company is one of the best companies that have many health insurance plans for individuals. One such plan is the Religare Ca...

Life is full of uncertainties. While this might mean a lot of opportunities for some, others might focus on the problems that might come up in the future. Another viewpoint would be, that you focus on the opportunities, while also being prepared for the worst possible outcomes. This way, you can make the most of both worlds. When you consider life, the worst possible outcome could be the death of an individual. It not only brings a lot of pain for their loved ones but also a lot of financial challenges also. More so, if the person happens to be the only earning member of the family. To ensure that your loved ones do not have to face the wrath of financial struggles in your absence, you can opt for a term plan of 50 Lakh or more. Term plan of 50 Lakh or more will make sure that any existing debts are cleared and that your loved ones can focus on their future as well. The term plan will enable your parents to have access to better health care, education for children or even marriag...

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...