• 6 JUL 2017

    Important Points to Keep in Mind before Buying Insurance

    Buying insurance is crucial for you and your family’s well-being. However, you must exercise caution and properly acquaint yourself with the terms of the insurance policy that you wish to buy. Here are four important points that you must keep in mind before you buy an insurance policy:


    It is never about the returns
    Most people don’t opt for a term plan because if the policyholder does not die during the policy period, then no cover is provided to the family. However, we are missing the big picture here; term plans aren’t about returns, they are about securing your family’s future financially. Moreover, term plans are available at relatively low premiums so that everyone can afford to buy one.

    Death over Taxes
    Buying insurance does indeed give you tax benefits but that isn’t the main advantage. The primary objective of insurance is protection through a death benefit. If you’re the sole breadwinner of your family, then the death benefit that your family would receive in the unfortunate occurrence of your death would help them keep their head above the water for some time. It will help them deal with the finances while they come to terms with your absence. Tax rebates are mere incentives to include insurance in your portfolio as a part of long-term financial planning.


    The right cover
    Life insurance is very important if your family depends on you financially. You must think and plan for the future in advance so that in your absence, your family is not affected adversely. It is important to understand how much life cover your family would need. Hence, choosing adequate life cover is imperative. You must keep three things in mind before you decide on the life cover: covering existing debts, covering future expenses like educating your children, and substituting your future income.

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  • 13 OCT. 2017

    Get a Comprehensive Life Insurance Plan for Your Family this Diwali

    While tangible gifts form an important part of the rituals between parents and children for the festive season, some intangible gifts hold a deeper value.

    read more

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