If death is certain, can insurance be optional? If life is unpredictable, insurance can’t be optional. As an earning member of a family, having adequate life insurance cover is a must. That’s the basic building block of Financial Planning Pyramid. Most of us may have a perception that buying a Term insurance plan is a […]
Insurance
Health Insurance Tax Deduction FY 2019-20 / AY 2020-21 | Income Tax Benefits u/s 80D
Health Insurance (or) Mediclaim insurance is a must-have for all. Considering the rate at which medical costs are rising, it is very important to have sufficient medical insurance coverage. The medical inflation in India is increasing at a significant rate, almost 12% to 15% year on year. Therefore, it is critical to have an adequate […]
Life Insurance Money back Plan Return Calculation | Do-it-yourself guide!
Insurance is a contract which provides protection against a possible eventuality or risk. So, insurance in its purest form is an expense rather than an investment. Fortunately or unfortunately, many of us mix life insurance and investment. We expect Returns from our investment in Life Insurance. Traditional Life Insurance Plan is one of the most popular saving […]
Life Insurance Endowment Plan Return Calculation | Do-it-yourself guide!
Insurance is a contract which provides protection against a possible eventuality or risk. So, insurance in its purest form is an expense rather than an investment. Fortunately or unfortunately, many of us mix life insurance and investment. We expect Returns from our investment in Life Insurance. Traditional Life Insurance Plan is one of the most popular saving […]
Understanding Maternity Benefits of Health Insurance plans in India
Becoming a parent is one of the most mesmerizing experiences of life. But this happiness come with great responsibilities. If you are planning for a baby in the near future, your first responsibility should be to plan your finances for the big moment, especially the medical expenses during and after pregnancy. Going by the trends, […]
LIC Jeevan Amar Plan : New Offline Term Life Insurance Plan | Details & Review
As per the latest news, LIC is proposing to launch its new offline Term Life Insurance plan called as ‘LIC Tech- Term Plan’ (Plan no 855). Latest update : LIC launches Jeevan Amar Plan w.e.f 06-August-2019 LIC already has been offering different types of Term insurance plans in its term plan product catalogue; LIC e-Term. Amulya […]