I was considering purchasing more term insurance. I had a cover of 2 Crore but had realized that it was too less. Now the question was to identify the right companies that my family could rely on when I was no longer there. The first thing I did was to go to mintwise.com to check […]
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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.
WHAT IS TERM INSURANCE?
Term Insurance is a product for risk coverage. In other words, it’s a product to mitigate risk for a term, generally a year. Now the question is – risk of what? Risk is everywhere and for everything in our whole existence. The essential risks that common people try to cover through insurance are: Risks related […]
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.
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.
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.