Compare Online Insurance Plans in India - MintWise

Claim Settlement Ratio for Term Insurance by IRDA : 2020-2021

IRDAI has announced the Claim Settlement Ratio for 2020-2021 in Dec 2021. This is valid as most recent till Dec 2022, when the next year’s data will be published by the Regulator. If you are looking for a term insurance plan, you MUST know the IRDAI Claim Settlement Ratio (CSR) before making the decision. At this point, we must tell you that in spite of the fact that overall CSR is NOT the best way to decide on your term insurance plan, you cannot ignore it because it is one of the best available indicators as of today.

Group Health Insurance (GHI) made Mandatory for Employers

IRDA Claim Settlement Ratio 2018-19

Claim Settlement Ratio 2018-19

The Best Term Insurance Plans of 2022

In this article we will take a look at the top five term insurance plans and the associated life insurance companies. The top 5 products are from ICICI Pru Life, Max Life, HDFC Life, TATA AIA Life and Aegon Life.

Claim Settlement Ratio for Term Insurance by IRDA : 2019-2020

Claim Settlement Ratio 2019-20

The Importance of Term Insurance

Term Plan – Know What to Cover Before you Buy

Many of us are now aware that a Term Plan is important, but do not know how much life insurance cover we need to protect our family financially. So we end up either buying incorrectly, sometimes even postponing our buying decision, or sometimes not buying at all, putting our families to very high risk financially. Read on to know exactly how to decide your life cover amount.

Term Insurance – Benefits and Importance in India

Term Insurance – meaning, definition, importance and benefits. Why is it important to buy Term Insurance in India? How can it protect our dependents and our liabilities such as a home loan?

Corporate Taxation – Budget 2019

Goods and Services Tax – Budget 2019

Capital Gains – Budget 2019

TDS & TCS Rates (Part 3) – Budget 2019

TDS & TCS Rates (Part 2) – Budget 2019

TDS & TCS Rates (Part 1) – Budget 2019

Major Policy Announcements – Budget 2019

Individual Taxation – Budget 2019

Direct Tax – Budget 2019

Claim Settlement Ratio for Term Insurance by IRDA : 2017-2018

Life Insurance – How Much Do You Need?

Your life insurance should equal your Human Life Value (the financial value that you will provide your family over your life). Add any Loan amount to that.

The Best Term Plans of 2019

The Best Health Insurance Products

Zero Depreciation Insurance Cover for your Car

Special Riders Provided by Life Insurance Companies

Claim Settlement Ratio for Term Insurance by IRDA : 2016-2017

Claim Settlement Ratio is widely used for comparing companies when buying Term Insurance. This data is published by IRDAI on a yearly basis. In this article, we’ve compared how each company stands on this measure for death claims settled in the year 2015-2016. Don’t forget to read some of the important disclaimers associated with using this measure as an evaluation tool – it will give you a clear perspective before you make the decision on the term insurance plan of your choice.

Motor Insurance Claim Filing Process

A Comparison of Riders in Life Insurance Policies

Cigna TTK Health Insurance Plans – Part Two

Cigna TTK Health Insurance Plans – Part One

Student Travel Insurance – Important Points to Consider Before You Purchase

Student Travel Insurance – Make Your Policy More Comprehensive

Student Travel Insurance – How to Compare Different Plans

How Health Insurance Cover Works

Health Insurance – The Key Factors to Consider

Two Wheeler Insurance – The Why and How

Motor Car Insurance – The Why and The What

WHAT IS TERM INSURANCE?

Health Insurance for NRIs and for their Parents in India

Section 80DD Deduction Limit – Expenses & Maintenance of Disabled

Section 80DD Deduction Limit provides tax deduction to families of disabled persons for the purpose of caring for a disabled dependent. This can be claimed by families of disabled dependents and not the dependents themselves. Check everything you need to know such as who is eligible, how to claim, documents required and the cans and can’ts about the Section 80DD Deduction Limit.

Claim Settlement Ratio for Term Insurance by IRDA : 2015-2016

Claim Settlement Ratio is widely used for comparing companies when buying Term Insurance. This data is published by IRDAI on a yearly basis. In this article, we’ve compared how each company stands on this measure for death claims settled in the year 2015-2016. Don’t forget to read some of the important disclaimers associated with using this measure as an evaluation tool – it will give you a clear perspective before you make the decision on the term insurance plan of your choice.

Employer / Company Group Health Insurance Plans – Don’t rely entirely on it

Health insurance planning is for a lifetime. Relying on your employer’s health insurance plan is not so bad. It’s ‘free’ after all. But most group plans fall short on addressing needs for our parents, and also when you retire, leaving us in the lurch at 60 evidently staring at the next 25 years or so without any health cover for us and our spouses. Check this article to find out why you shouldn’t rely on your company’s group health plan alone.

NPS Returns – Check the Best NPS Funds to Invest in

National Pension Scheme (NPS) has gained popularity and its funds have performed extremely well since its inception. Some of the fund have even beaten Mutual Fund benchmarks. Check out NPS returns and find out the best funds across all asset categories – Equities, Corporate Debt Bonds and Government Bonds.

Section 80D – Get Tax Benefits on Health & Medical Insurance

Section 80D gives tax benefits up to a limit of Rs. 60,000 on health insurance or medical insurance/mediclaim policies including the premium paid for family and parents. Now it is easy to get these benefits online. Find out how.

Sec 194DA – Calculate Taxable Returns from Life Insurance

The introduction of Sec 194DA meant paying taxes on proceeds from life insurance policies which do not fall under Sec 10(10(d)). This article, with the help of illustration, explains how to calculate taxable returns from a life insurance policy (single premium or otherwise) in which TDS is deducted by the insurer before payout of maturity proceeds.

Cancer Insurance Policy – A ‘Must-Have’ for those with High Risk

A cancer insurance policy protects us from the financial impact from the occurrence of cancer. What is really surprising is that in spite of the well-know fact that it is a killer disease that can drain family finances, many of us continue to be exposed to the risk. Are you cancer-prone? Find the answer to that here, and also understand how a cancer insurance policy costing as little as Rs. 1,500 per annum for Rs. 40 lakhs of cover can help you hedge the risk of contracting cancer.

IDV for Car Insurance – Should I change it at Renewal

Insured Declared Value or IDV is an important consideration when renewing car insurance. That’s because the premium is based completely on that. How should you evaluate IDV to get the maximum value for your car insurance policy? And what is the impact of increasing or reducing the IDV beyond fair market value? Find the answers here.

Car Depreciation Rate and IDV Calculator

Car Depreciation Rate has a high impact on car insurance premium during renewal. Even car/bike parts have a specific formula for calculating depreciation, that can affect your contribution in case of a claim. Know how Car Depreciation Rate is calculated and how it affects IDV of your car in each year.

Student Travel Insurance – Buy Indian or from foreign University?

For students travelling abroad, it is a common dilemma whether to buy student travel insurance from the University or from an Indian Insurance Company. Luckily, if you research well, it is not such a difficult decision to make. Here’s how to go about making the choice.

No Claim Bonus (NCB) for Car Insurance – get up to 50% Discount!

No Claim Bonus (NCB) for Car/Bike/Two-wheeler insurance is a great feature when buying motor insurance. When accumulated, it offers discounts as high as 50% on OD (Own Damage) premium, and this can be significant for high value vehicles. Not just that this is even transferable when you sell of your old car and buy a new one. Here’s everything you will need to know about NCB when buying Car Insurance in India.

Free-Look Period Cancellation in Insurance – Benefits & Charges

Free-look period cancellation option in insurance is a wonderful feature. But it does not come free. While we will always advise you to take a careful, well-assessed, need-based and unbiased decision on your insurance, there is just that faint possibility that something does indeed go wrong. Know what kind of policies are eligible for Free-look, and what are the limits and charges applicable.

Nomination in Life Insurance – Great benefits from the New Rules

Hey do you know that the rules for nomination in life insurance have changed? And it affects all policies that have a death or maturity claim from now on, even if you bought it 5, 10 or even 25 years back. The good thing is that the change is very likely to be good for you. Read, understand and take action if you want to be sure that in case of your death, your life insurance benefit goes to whom you actually intend.

Sukanya Samriddhi Yojana Account – A Winner all the way

Sukanya Samriddhi Yojana Account is a plan that every parent with daughters below age 10 must invest in. High guaranteed interest rate and the ease to operate it through any post-office or bank account make it a great proposition. Here’s everything you want to know about the SSY Account benefits, including how to go about starting the account.

Online Term Plan – The Right Way to Buy

One cannot afford an error when buying a online term plan. That’s because by the time one realizes it was wrong, she/he is already dead and gone and it is the nominee who would go through the pain of getting the claim amount. Here’s how you can get your online term plan purchase exactly right.

Travel Insurance – How to Avoid Claim Rejection

Stolen, damaged or lost baggage, misplaced passport, missed flight – there are hundreds of things that can go wrong when you are on an international or domestic trip. Unfortunately, there are numerous cases where travelers have been too callous in their travel policy purchase leading to eventual claim denial. Ranging from simple errors to plain ignorance, the value of some of these denied claims can run into lakhs of rupees at times. But it is as easy to ensure that a travel insurance claim is not rejected, as it is to get denied if you are not careful. Here’s what you can do.

US Student Visa and Insurance for Indians – A complete guide

All Indian students going to the US for studies need to get three things in place – Program Eligibility, Financial Stability and Complete Medical protection through Health Insurance. This is a complete guide on how Indian students can procure a US Student Visa and prepare for a secure education program and stay in the United States.

Types of Term Insurance Plans – How to choose right

In the last year, several new types of term insurance plans have emerged in India, giving you flexibility to choose the way you want the death claim to be paid. Some offer a single claim payout, some offer it in installments, some offer both, and some, even more. But too many options means the dilemma of making the right choice which will address all our needs comprehensively.
Don’t be confused – here’s how you can pick the term plan most suited for your individual need.

Voluntary Deductible – How to Reduce your Policy Premium

The benefits of Deductible and Voluntary Deductible can be very useful to reduce you Travel Insurance, Health Insurance, Car Insurance or Bike Insurance premium. Especially if the probability of making a claim is low, you can use it effectively to bring down premium over and above other discounts. Here, the concepts are explained with suitable illustrations for clarity.

Buying a Term Plan? Check Claims Settlement Ratio Consistency

When you buy term insurance, claims settlement ratio is a good metric to check. Higher it is, better is the comfort level when buying a product in which we will not be there during the ‘moment of truth’, i.e. at the time of claim. But rather than just checking the latest values, do see the consistency for each company before you make you final decision on the term plan you want to buy.

Claim Settlement Ratio for Term Insurance by IRDA : 2014-2015

Claim Settlement Ratio is widely used for comparing companies when buying Term Insurance. This data is published by IRDAI on a yearly basis. In this article, we’ve compared how each company stands on this measure for death claims settled in the year 2014-2015. Don’t forget to read some of the important disclaimers associated with using this measure as an evaluation tool – it will give you a clear perspective before you make the decision on the term insurance plan of your choice.

Compare Student Travel Insurance – How to Get the Best Value

Simply because it doesn’t cost a lot (compared to university fees, air ticket, etc. ) doesn’t mean you can be flippant about the choice of your travel and mediclaim insurance when going abroad for studies. The real worth is in the high insurance cover, not in the premium. There are more than 50 variants available in India to choose from. To get complete protection for your health, journey and stay abroad, here’s how to compare student travel insurance products and get yourself the best value deal. So that your mind is free to keep chasing your dreams!

Student Travel Insurance – Great Reasons to Buy One

For Indian students leaving for abroad for higher studies, a student travel insurance is a must-buy. In fact, it is as important as a passport or a visa, when you are in a foreign country. Right from the medical cover to coverage for loss of passport, baggage, driving license, etc., a student travel insurance leaves you without any worry so that you are focused on chasing your dreams.

New Sec 194DA – Your Life Insurance Benefits now under TDS!

Something happened recently and very quietly, that can affect many life insurance policy holders in India, including you perhaps, to quite an extent. And that’s why we are putting up an article on it. The new Section 194DA in the Finance Bill 2014 makes life insurance companies deduct TDS from your life insurance policy benefits, if it does not qualify under Sec 10(10d). Read on to see if your life insurance policy is getting affected as well, and what you can do about it.

Family Floater Mediclaim or Individual Plan – How to Decide

Too many types of health insurance plans has led to a lot of confusion in the minds of buyers. And more so because each type is unique and fits the needs of someone or the other, and therefore we cannot afford to ignore them when making the choice. What also makes it relevant is that the cost of not making the correct choice can be really high – as high as a few lakhs of rupees, at times.

Here’s some guidance on making a choice between two common types of health insurance plans – individual and family floater mediclaim policy.

Family Floater Health Insurance Policy – Benefits Explained

A family floater health insurance policy is indeed a unique concept in health insurance and most companies offer it. In a lot of cases and in comparison with an individual health insurance plan, the family floater can be a great option to ensure that our families are covered to face the financial impact of an unpredictable and large medical expense.

For starters, here’s an illustrative guide to explain how a family floater health insurance policy works to benefit you.

Car Insurance Renewal – Check Claim Settlement Ratios

Most of us do our car insurance renewal (or buy a new one) simply based on convenience – either through an agent, the auto dealer or going online and buying the cheapest. One thing that can help you take a better decision is knowing the Claims Settlement Ratio for Car Insurance.

Here’s the detailed analysis that will make your car insurance renewal policy worth every rupee you pay.

Health Insurance Plans – Several Types to Choose from

When a friend of ours tried looking for a health insurance plan (or mediclaim as she called it), she was flabbergasted. Not so much by the premium for the policy, but by the number of variants available in India today in 2014. Every company had a plan which seem better than the other company’s. As a first step, she decided to look for the broad types of health insurance plans and how each type could benefit her, before narrowing down on the company and the product.

If you are also looking to buy a health insurance plan, this article is a great place to start.

Poor Returns in Life Insurance – To Surrender or To Exit?

In continuation with the earlier article “Should we exit an insurance policy through surrender or paid up?”, the best way to take a decision on whether to continue or exit your traditional life insurance policy, is by having a hard look at the numbers and weighing the options amply. We’ve used some live examples to give you direction.

Should we Exit an Insurance Policy through Surrender or Paid-up?

The huge gap between expected returns from a traditional life insurance policy and what it actually delivers is very common. So while you may feel that exiting is the best idea, perhaps it may not really be that way. Here’s how to handle the situation and decide in the most logical way.

LIC Varishtha Pension Bima Yojana 2014-15 with 9.38% Returns

Recently the Govt. of India launched the Varishtha Pension Bima Yojana 2014-15 through LIC. At a superb annuity rate and the comfort of zero risk, you can’t ask for more. If you are a senior citizen (above 60 years) or have a parent who is >60 years of age, this article is a must read.

LIC Traditional Life Insurance Policies – How the Bonuses add up

Traditional life insurance policies of LIC (and other insurance companies) declare all kinds of bonuses – Simple Reversionary Bonus, Guaranteed Additions, Loyalty Bonus, Terminal/Final Additional Bonus, etc. How do they all add up and give you returns overall – use this calculation to know how your LIC policy can benefit you.

Health Insurance Claims – Which companies settle the fastest?

When buying Health Insurance, product features and coverage are indeed the most important. What is also important is the Claim Settlement Ratio. But do you know that there is a huge spread in the time taken by insurance companies to settle a health insurance claim in India? Check out the details.

Claim Settlement Ratio for Health Insurance in India 2013-2014

Finally, many of us are realizing the need for a health insurance plan and planning to buy one. But are you blindly going with the cheapest plan in the market. Stop. Check Claim Settlement Ratio for Health Insurance and find out which insurance companies approve maximum % of claims.

Senior Citizen Savings Scheme (SCSS) – A Good Investment Option

Senior Citizen Savings Scheme (SCSS) is a good investment option for those in their golden years. The interest rate is good, there is guarantee and it is easy to operate. It works like an immediate annuity plan with quarterly income and return of investment after 5 years. Highly recommended for you if you are a senior, or for your parents. Here’s everything you want to know about the Senior Citizen Savings Scheme (SCSS).

Health Insurance – If you don’t have it yet, you surely need it

So are you one of those who has a doubt on whether it really makes sense to have health insurance at all? And you think it is just a waste of money and a ‘marketing gimmick’ by insurance companies? If that sounds familiar, we urge you to read this article.

NPS New Pension Scheme – Grab Tax Benefits under Section 80CCD(2)

The New Pension Scheme (NPS scheme) was launched a few years back. But we still see a lot of us who are yet to take benefit of this scheme. Unfortunately, the reason is mostly lack of awareness. And for some others who have heard about the benefit from Section 80CCD(2), but do not know how to compute it, here are the reasons you should sign up for the NPS immediately.

No Emergency Fund yet ? … That’s an emergency!

An Emergency Fund (or Contingency Fund) is the first step in creating a basic personal financial plan. And there are many of us who have not built this fund yet. Here’s the whats, whys and hows of an Emergency Fund and the ways in which you can use it.

IRDA Incurred Claims Ratio for Health Insurance 2012-2013

Before you buy your Health Insurance plan, check the Incurred Claims Ratio for Health Insurance companies in India. It will give you a good idea about which companies are managing their claims well, making profits and therefore having the ability to service you well in case you have a claim.

Accident Benefit Rider – Why add this to your Term Plan

80% of Claims coming to life insurance companies from policyholders aged less than 45 years, are because of accidental deaths. And the trend is worsening. Whatever the precautions you may take yourself, circumstances can sometimes be brutal. Accidental Death Benefit Rider is very inexpensive and gives good additional protection from accidental death with your term insurance plan. Here are more reasons you should go for it.

Cricket, Common Sense and a Basic Financial Plan

You might have heard the term “Financial Planning” before. And since it sounds daunting, or since you never had the time, you might have perhaps not tried your hand at it. Making a “Basic Financial Plan” is not just simple, it is also a lot like Cricket. All it needs is some common sense. And it is very important for anyone who earns an income and has dependents.

MWPA – How to add it to your Term Insurance Plan

If you are a businessman and if you were to die with unpaid loans and debts, do you know that the creditors can sell off your land, house, shares, mutual funds, bank FD, cars, jewelry, etc. and it is they (and not your spouse or children) who will have the first right on the money received? Scary, right? But there’s a simple way out – MWPA.

Why a Term Insurance Policy is required only till age 60

Some companies are offering term insurance policy with life cover up to age 75, sometimes even up to age 80! And many of us are going for it thinking it is a good deal. A good deal for you or a good deal for the company? Stop. Find out why beyond age 60, term insurance is neither required, nor worth it. In fact, it becomes a BET on your death!

LIC Online Term Insurance Plan ‘e-Term’ is not Cheap

Everyone has been waiting for this for a long time now. The LIC Online Term Insurance Plan e-Term was launched recently and is available for buying online. But first check it product features and benefits, and how its premium compares with other term plans available in India as on date.

Claims Ratio – Should you always rely on it?

Many of us are finally realizing the need for term insurance and buying one. And before deciding your company, Claims Ratio is one thing that everyone looks at. But if you are using Claims Ratio specifically to buy a term insurance plan, you must know why this indicator may not be entirely reliable all the time.

How I will Earn an Income till I am 100 years old!

We have a trick to make you earn an income till age 100, and even beyond that. All it needs is a little time reading, a little time convincing yourself, and a little discipline. Find out how to effortlessly create a fortune that will last you a lifetime!

Compare Online Term Insurance Plans India on 8 parameters

The cheapest Chinese mobile phone need not necessarily be the best. Likewise with online term insurance plans. There are more than 20 plans in the market today – to find out the best one, you should know what to look for besides the price. MintWise gives you a single view that makes finding your preferred insurance company and your term plan, a simple task.

How to Calculate Life Cover Required for a Term Plan

So how much life insurance cover are you planning to buy through your term insurance plan – Rs. 50 lakhs? 75 lakhs? or 1 crore? Not sure? You should be. The best way to calculate life insurance coverage when you buy a term insurance plan is using the Expense approach – it is easy and takes just 2 minutes. Check now!

Endowment Policies in India – Don’t Trash them yet!

“Never buy Endowment Policies or Money Back Policies – they have the worst returns” is a quote that you may have heard or read. Unfortunately, it is not as simple as that. Investment decisions are not based on logic alone, but also on personal discipline, allocation of income and quality of advice from your advisor/agent.

Here’s why this quote may not be right for everyone, every time.

Term Policy Document – Check for Errors to Ensure Claim Approval

The Term Policy document is the contract under which your life’s risk is undertaken by the Life Insurance company. Any change, deviation, error or misinterpretation can mean rejection of your claim. And you may not be there to explain things.

Here’s a list of everything you need to check in the term insurance policy document the moment you receive it.

9 Things To Do After You Buy a Term Insurance Plan

It is not enough to buy a term insurance plan and stop at that. Unless you ensure some of these very important checks, the very purpose of buying a term insurance plan itself, i.e. protecting your family against financial uncertainties in case of your death, may not be served. If you have bought a term plan recently, or intend to buy one soon, take 5 minutes out to read this.

Rupee Cost Averaging – Why is it better than One-Time Investing?

Many of us want to invest in stock markets, mutual funds and ULIPs but always wonder : Are the markets too high now? IS THIS THE RIGHT TIME? Will I gain if I wait for a while longer? The concept of Rupee Cost Averaging can help you invest in SIP, ULIP and stocks confidently without the fear of timing your investments. Read on to see how Rupee Cost Averaging helps to eliminate the risk of a falling or rising market, in fact maximizing your gains over time.

Power of Compounding – How is it used in Investing?

The Power of Compounding is a very unique concept. Especially when used with a long time period, it lets you create a fortune out of a small investment. It is not just simple, but also very powerful in explaining why we should invest from as early an age as possible. The tables and examples in this article will clearly show you the strength of this concept, and how you can use it to make a great investment.

How to Plan for the Future Expenses of your Child – 3

In Part 1 & 2, we covered what should be the EXPENSES that you need to plan for, and what should be the APPROACH when you plan for the future expenses of your child. You now need to go ahead and make the decision – where to invest, how much and when? In this concluding part, know how to calculate how much you need to invest and where, to ensure a plan that is guaranteed to work for your child/children.

How to Plan for the Future Expenses of your Child – 2

In Part 1, we covered WHAT should be the expenses that you need to plan for. You only get one chance in a lifetime to get this right. If you do not use the right technique, you could fall short of your requirements by a long long way.

In Part 2, we will answer the question – “What should be the approach when planning the future expenses of our child?”

How to Plan for the Future Expenses of your Child – 1

As a parent, you will agree that there is perhaps nothing more important than ensuring the best for your child. In fact, it is your responsibility as well. Is it important to plan expenses for children? What should be the approach? What are the investment opportunities for planning for children’s expenses? Some amazing infographics will show you a clear way to make this planning process clear and simple.

Part 1 will answer the question – “What are the Expenses of the Child that need to be covered?”

How to Compare Immediate Annuity Plans in India

There are several types of Immediate Annuity plans available in India. This market is just starting to emerge and more than 8 insurance companies are offering it. Are they all exactly the same? How do you find out which is the best Immediate Annuity plan in the market today? Read on…

Return of Premium Term Insurance – Why it is not worth it

These kind of term insurance plans return all your premiums back in case you don’t die during the entire term of the policy. Sounds too good to be true, but check out the numbers – decide for yourself if you are better off with or without it.

Online Term Insurance Plans Premium Comparison

Here’s a look at the premiums rates of level term insurance (basic term insurance) plans available online in India in 2013. But remember that the cheapest need not be the best. So while you read this, do also check the claim settlement ratio to spot the company that gives you best value.

Term Insurance Policy – Buy Online and ensure your Claim is paid

A lot of us are buying term plans online, but always have the fear of claim rejection in our minds. The worst part is that if at all a claim was indeed to be and there is something amiss, we are no longer there to explain anything to the insurance company or our agent. So many of us wonder “How can I minimize the chances of my claim getting rejected?” Here’s how.

Online Insurance – 5 Myths About Buying in India

You must have at some time or the other bought a product or service online. These days it could be any of buying a movie ticket, a train or air ticket, a book, clothes and even groceries. Then why not insurance? – you may ask. Here’s why all that is changing now.

Online Term Plans in India – Why are they so Cheap?

We see a lot of online term insurance plans in the market today. And many of them are really cheap – almost 50% lesser than similar offline plans. Why are online term plans so cheap? Is there a catch?

What are the Types of Immediate Annuity Plans available in India?

The most common annuity plan you will hear about is Immediate Annuity for Life with Return of Purchase Price. But what really does all that mean? Before you dive into making your choice, read what are the options and what suits you best. Because once you start an Annuity plan, it may be expensive or sometimes impossible to get out of it for the rest of your life!

Immediate Annuity Plans – What are they?

Imagine you are 60 years old and have Rs. 1 crore as savings including Bank balances, FD, MF, shares, etc. and excluding your house and land. Your income has stopped because you have retired from service now. You now want to use your savings to generate income every month. This is where an annuity plan comes in.

Term Insurance Plan – Why Splitting Cover is a Great Idea

Splitting your term insurance plan is a smart way to manage your changing life insurance needs over time. Before you buy term insurance, we strongly recommend an evaluation for it. There are 3 reasons to split your Life Insurance cover – Splitting over Time, splitting for your Needs, and splitting across Insurance Companies. This article will tell you whether YOU need to split your term insurance plan, and if yes, how.

Child Plan or Education Insurance plan – Do I really need it?

Planning for the future of our children is not just important but also challenging. There is a lot of confusion in the market on what is the best way to do it. Child Plans or Education Insurance plans are a good option, provided you know how it works and what it can deliver for you. Most importantly, don’t bank on them alone. Read on…

Tax Benefits under Section 80C, 80CCC and 80D: FY 2014-2015

Reduce your tax outflow by making investments in the right way. MintWise shows various options you have from 2014-2015, using which some smart investments can save you up to Rs. 50,000 every year.

80C, 80D, 80CCC, 10(10d) – Save Tax with Life Insurance, Health Insurance, Pension Plans

Unlike Fixed Deposits and National Saving Certificates, products like Life insurance, health insurance and pension plans can be great saving products to invest in. Know how they help to save tax on both what you invest in 2014-2015 and what your get as returns later.

Term Life Insurance – Read This Before you Apply for it

Is buying a term life insurance policy just like buying just another insurance plan – NO! A term plan has just one benefit – financial protection for your family in the event of your death. To ensure your CLAIM IS NOT REJECTED, you need to be extremely careful when you apply for term insurance. Here’s everything you need to know on how to apply for a term life insurance plan.

Term Plans – How to Choose the Right Type

Home Loan Insurance – Why should you have it?

It is dangerous to keep your home loan exposed to the chances of your death. If you were to really die, not just will your family lose the income that you bring in, but the entire outstanding balance of the home loan will have to be paid by them – a situation that is surely best avoided. Know how can you cover your family with a Home Loan Insurance, and what are the types that you can go in for.

Online Term Insurance Plan in India – Compare and Buy

Buying an online term insurance plan is a great idea – but don’t make the mistake many buyers are doing these days – i.e. just choosing the cheapest term insurance plan.

Read how you should ideally go about doing this.

Retirement Planning – 7 likely reasons you have not done it

Term Insurance Plans – Why Most Agents Don’t Sell It

Term Insurance Plans are the only life insurance policies that you will need, but most agents in India end up not recommending it. A little in-depth analysis may shock you when you know the reasons why.