Your Questions Answered: I am a freelance photographer, should I still invest in insurance products?
1 year, 11 months ago

Your Questions Answered: I am a freelance photographer, should I still invest in insurance products?

Live Mint  

I am a freelance photographer in Mumbai. Alternately, you may choose guaranteed income products where you continue to pay premiums for a limited term, and then receive guaranteed payout periodically for a predetermined period – say, 25-30 years, and return of premium with the last income payout to meet your financial needs post retirement. These products also offer a life insurance cover, so you can ensure financial security for the family in your absence. To arrive at the amount of term insurance cover, you may consider a few important factors like your current income, expected liabilities & expenses, policy tenure, etc. I would also recommend you to consider opting for new age benefits like premium holiday, early exit at age 60, and increasing cover with changing life stage needs.

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Life Insurance Vs Term Insurance: What’s Best For You?
1 year, 4 months ago

Life Insurance Vs Term Insurance: What’s Best For You?

News 18  

Insurance plans not only help you multiply your wealth but also provide security to your family. If you are also planning to get insurance, you need to know the difference between term insurance and life insurance. Term insurance is said to be more affordable and has an assured minimum sum, whereas life insurance is about knowing the exact coverage you …

International Women’s Day: 4 things to keep in mind for first-time insurance buyers
1 year, 9 months ago

International Women’s Day: 4 things to keep in mind for first-time insurance buyers

Live Mint  

Women are strong, fearless, determined and independent. While many different types of plans exist in the market, investing in a term plan is crucial as it offers a substantial life insurance cover at the most affordable premiums. Investing in a term plan offers women buyers the following benefits: Financial Security A term plan ensures that your family is financially protected …

What is the ideal way to buy a life insurance plan?
2 years, 5 months ago

What is the ideal way to buy a life insurance plan?

Live Mint  

I am 30 years old and I am planning to buy a life insurance policy. -Name withheld on request Great to know that you are thinking of taking a Life Insurance plan. This makes it more necessary for you to take a life insurance policy, which will safeguard your loved ones in unfavourable times. Along with financial protection, there are …

Five Reasons You Should Buy a Term Insurance Plan Now
2 years, 7 months ago

Five Reasons You Should Buy a Term Insurance Plan Now

Live Mint  

One of the harsh realities of life is its unpredictable nature. At such times, buying a term insurance plan can turn out to be a savior as it helps you provide quick financial protection to your family. In simple terms, a term insurance plan is a type of life insurance plan that offers financial coverage to the policyholder for a …

When should you not buy a term insurance policy?
2 years, 10 months ago

When should you not buy a term insurance policy?

Live Mint  

When we talk about life insurance, pure protection term plans are the best bet. When you need insurance and how much is a function of your prevailing financial circumstances and there could be situations when you don’t need life insurance at all. Mint tells you three reasons to not buy term insurance. Have significant assets: In a scenario where you …

Life insurance, your most important personal finance decision?
3 years ago

Life insurance, your most important personal finance decision?

Live Mint  

You may have probably heard the old adage: “Buy term and invest the difference." Sajja Praveen Chowdary, head— term insurance, Policybazaar.com, said, “Several elements, including your age, sum assured, health risks and plan length determines a term insurance premium. Benefits of buying term policy Affordable premiums: You get term insurance of a high-value life cover at an affordable premium compared …

Why term insurance is so affordable
3 years, 8 months ago

Why term insurance is so affordable

News 18  

The year 2020 was one that changed the entire world. For instance, with Bajaj Allianz Life Smart Protect Goal, a Non Linked, Non Participating, Pure Life Term Insurance Plan, you can take a cover of Rs 1 crore by paying only Rs 18 per day5 as premium! The Bajaj Allianz Life Smart Protect Goal, a Non Linked, Non Participating, Pure …

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