Of late you will see and hear ads of a lot of companies (life insurance companies, mutual funds, sometimes even banks and NBFCs, financial advisory companies, etc.) yelling on top of their voice about planning a fund for your child. The cause they are promoting is definitely good. But remember that all such plans are not the same. Specifically, an education insurance plan is very different from all others. You may need a combination of multiple plans to have a solid foundation for your … [Read more...] about Child Plan or Education Insurance plan – Do I really need it?
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So you are ready to buy Term Plans but are now confused which one to buy? Don't worry - this is a good confusion to have. That is because it is better than many who just go and buy the wrong type of term plans simply because his/her friend also bought the same. Remember one thing - you and your closest friend may be very similar in your age, your lifestyle and even your thinking but it is very likely that your insurance needs are very different. So find out which is the term … [Read more...] about Term Plans – How to Choose the Right Type
You will be surprised how contradictory our logic can be when you read about buying of term insurance plans in our country! I bet there is hardly any earning spouse or parent who will deny the fact that they love their spouse, parents, siblings and children, and own up the responsibility to make sure they are all taken care of as long as required. But here is an analysis that will surprise you. If I were to do a survey in India, among those families with an annual income of at least Rs. 3 … [Read more...] about Term Insurance – Benefits and Importance in India