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.
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 is a necessary part of every person’s financial plan. You get only one chance to do it and you cannot go wrong. But many of us do not understand this till it is too late. See how. You are say 35 years old. You’ve done well so far to reach where you are. You […]
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.
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 – 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?