Understanding Riders and Their Benefits for your Term Insurance

Term insurance, as we all know, is a type of life insurance policy that offers financial protection to your family members in the event of your unfortunate death during a specified period. It offers a high amount of coverage for a specific period of time, such as during their working years or when you have significant financial responsibilities. 

You can also add an extra layer of financial protection to these term insurance plans. Riders enable you to take your term in......

How to Determine the Ideal Coverage Amount for Term Insurance

The unpredictability of life, especially in the face of events like natural disasters or epidemics, underscores the importance of life insurance. However, selecting the right life insurance policy with appropriate coverage can be challenging. As a general rule of thumb, those below 55 are advised to opt for coverage 10-12 times their gross annual income. However, there is more to this calculation. It is essential to gain a thorough understanding of the factors influencing this dec......

ULIPs and Rider Options

Life can be unpredictable, full of surprises, twists, and turns, and it can be challenging to prepare for every eventuality. And when it comes to protecting your loved ones, it is always better to be prepared than sorry. It is thus imperative to consider all options available to protect yourself and your family from unforeseen circumstances. One way to do this is by adding insurance riders to your ULIP policy. 

Riders may be treated as an extension of your policy an......

What are ULIPs and how to choose the right one?

Investment and insurance are two of the most important aspects of any financial plan. While investments allow you to grow your assets and expand your financial portfolio, insurance protects you from risks arising through unforeseen circumstances. While there are plethora of investment avenues, today, even the insurance sector has grown to extend various options such as life insurance, health insurance, motor insurance and more.

Any financial plan is incomplete without ei......

Most famous and popular resolutions: What’s yours?

New Year brings with it the promise of new beginnings. It is an opportunity to embrace change, let go of past failings and start afresh. The attempt towards a better tomorrow in today’s age often comes in the form of New Year’s resolutions. 

 

New Year's resolutions are a time-honoured tradition, tracing its roots to ancient civilisations. Over 3,500 years ago, the first New Year’s resolutions took shape in ancient Babylon during their annual celebrat......