• 23 DEC. 2016

    Expert speak: Should you buy single-premium insurance policies?

    When it comes to any lump sum money received in the form of windfall gains, say, through inheritance, there is always the temptation to spend this money injudiciously. Single-premium insurance products often come in handy for better utilisation of this lump sum money.

    Such products are more suitable for those with cyclical or infrequent income, as they will not have to worry about financing future premiums and the continuation of life cover.

    These products also offer income tax benefits in addition to life cover, scoring significantly over other similar instruments.

    One can also customise the plan and enhance the proposition by adding other protection riders of choice.

    However, for somebody with stable and regular income, one should consider buying regular paying products as those work better in long-term value creation.

     

    SUBHRAJIT MUKHOPADHYAY

    chief & Appointed Actuary, Edelweiss Tokio Life Insurance

     

    More on:

     

    http://www.livemint.com/Money/yWYZsD8Fz0km7jBjpZzDyK/Expert-speak-Should-you-buy-a-singlepremium.html

request a call back

for a scheduled call back, please share:

contact us

branch locator

Please enter your mobile number

enter your contact details

anything amissshare your problem

file a complaint now

what did you find amiss?

please provide us with following information

file a complaint

check status here:

Product
mascot
mascot

Don’t wait. Complete your application by entering your transaction id.

mascot

Please enter your email address to get an email summary of your needs

mascot

By entering my contact details I authorize Edelweiss Tokio Life Insurance to Call or SMS me with reference to this enquiry. This overrides the DND registration of TRAI.