- 12 OCT 2016
How To Reduce Your Life Insurance Premium
Life Insurance helps one live stress-free as it takes care of the financial distress that stems from the unpredictability of life. But many people still hesitate to buy an insurance plan because of the mind-set that there will be no returns or the cost of premium. If you are concerned about the costs of premium then this article might be able to help you with some tips that can bring down your premium. It will also give insight into how life insurance premiums work.
- Be an early bird: Insurance premium rates are directly linked to your age. The premium you are supposed to pay largely depends on your age factor. So it is recommended that you start investing in insurance in your first job itself. The younger you are the lower your premium because there’s lesser risk associated with a young policyholder as they have longer productive life and comparatively healthy. The older you get, the costlier the premium. And that is why you should avoid delaying the decision of buying a term plan.
- Shop Online: Like every other product you should also consider buying insurance online. Since the cost involved in the sale of an online term plan is slightly inexpensive because of the elimination of advisors and various other administrative costs, the benefit gets transferred to the policyholder in the form of lower premium. Online term plans are way cheaper compared to offline term plans. Buying insurance online is simple and hassle – free. You’ll not just save on cost but also time!
- Avoid smoking and drinking: Diabetes, hypertension and blood pressure may increase your premium rate significantly. Smoking and drinking will also increase the risk factor and hence increase the premium.
Know More About Edelweiss Tokio Life Insurance : https://www.edelweisstokio.in
- 9 DEC. 2018
Why Tax Planning Should Be An All-Year Round Activity?
When young, there is a tendency to concentrate more on spending than on investing. Tax planning hits you once your income goes beyond a particular level. You risk losing money to tax that you could have otherwise saved by smart investing. As years go by, you tend to rush at the end of the financial year. The last quarter of the financial year is when quite a number of tax saving instruments are talked about to help taxpayers reduce their tax burdens.read more
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