Aviva Blog | Life Insurance Tips
Everything we do today and how we are working towards our ambition of meeting our customers’ needs better
An insurance policy is undoubtedly one of the best and most critical financial decisions you will ever make. Not only does a comprehensive insurance plan protect, care for and safeguard your future and that of your loved ones, it is also a great savings tool.
Here is how your insurance policy can function as a savings tool:
Assurance of funds:
A guaranteed savings life insurance policy is a non-market- linked product.MORE
Your business is your life. It is your source of revenue and happiness. But have you done enough to guard it? Irrespective of big or small, your business requires some form of protection against uncertainties and you would want to do everything in your power to protect what you have worked so hard to build. What is even more important is to protect the key people that fuel the growth of your business. Losing a key employee can cause a huge impact on your business, and majorly affect itsMORE
Life is unpredictable. This maxim is perhaps the most apparent today, with the COVID-19 still wreaking havoc around the world. The virus has affected nearly 132 million people worldwide and has claimed over 2 million lives so far. In India alone, about 166 thousand deaths have been reported to date (and the count keeps increasing every day). Adding to the obvious health crisis is the economic downfall and shortage of income. While many have lost their jobs, families who’ve lostMORE
You are at the peak of your career. You have a handsome salary, a happy family, and now you can easily afford to take a loan and buy the house of your dreams.
You’ve calculated the EMI amount and budgeted all household expenses, you are positive that you can pay off the huge debt.
However, life is uncertain. And unfortunately, you meet with an accident. In these troubling times, when your family is mourning your loss, struggling to meet their expensesMORE
The decision to buy term insurance is often met with hesitation, confusion, and most often, denial. Currently, India has a significantly low penetration of life insurance.
As of 2020, the insurance penetration in India is merely 3.7% of the GDP as against the world average of 6.31%. One of the major reasons for low penetration in India is several insurance-related myths. Even though these myths are nothing more than conjecture, people, even those that are educated, tend to believeMORE