Don’t mix insurance and investments – most financial advisers, who don’t have any conflict of interest will suggest that. You end up doing injustice to insurance as well as investments in that case! Yet insurance continues to be a popular investment. What are the reasons why people “invest” in insurance products?Read More
What is the ideal amount of life insurance cover one should have? Do people go overboard with life insurance and hence are over-insured?Read More
Getting a term life insurance is one of the initial steps towards planning your financial life well. And rightly so. A good insurance cover can help manage financial risk that your family can potentially face in case of a breadwinner’s death. In case of death of the insured person, the family is paid a certain amount (sum insured) by the insurer. In return, the person buying the insurance policy has to pay a certain fee to the insurer – called premium.
Counter intuitive it may seem, but life insurance is not sacrosanct. It is not always necessary to have a life insurance cover. Here are few situations, where buying a life insurance policy may not make sense.Read More
For a novice, understanding life insurance can be like navigating a maze. It is often confusing to choose from the plethora of life insurance options that are available. Some “experts”/ salesmen say that you should buy endowment plan or money-back plans. Some say, go with plain vanilla term life insurance. How do you navigate this […]Read More