Return of Premium in Term Insurance – is it beneficial to you?
Most of you know to protect your dependents in your absence, you need to take term insurance. But recently Exide Life Insurance started a return of premium term insurance. You know that a Normal Term Life Insurance Policy will not give you back any premiums at the time of maturity. But this exide term policy is offering to repay full premiums paid. Their offer may look amazing to some of you. Let’s try to understand in this article, taking this insurance policy which gives premiums back at the time of maturity. Read this article why you should not take …
All you should know about Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana
Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyothi Bima Yojana details explained in this article. Prime Minister Narendra Modi launched these two schemes. Read about Atal Pension Yojana also. Our Prime Minister of India launched two schemes on 9th May 2015. These two schemes are not helpful to rich people. However, these two schemes will definitely helpful to others. One of these two schemes is a Life Insurance policy called as Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Another one is, Accidental Insurance policy called as Pradhan Mantri Suraksha Bima Yojana (PMSBY). Let’s the features of both these schemes. Pradhan Mantri …
One Crore – Term Life Insurance – Why You should not take?
One crore term life insurance—is it the right coverage? Many people have questions in their minds. Why people always ask about 1 crore life term insurance. There seems to be some mental blocking. Here, in this article, I will explain the reason behind this. Unable to calculate the term insurance required… People really do not know the life insurance coverage that they need to take. I will explain in a simple way. There are two methods that planners like me will follow to advise life insurance requirements to our clients. They are… Human Life value Method Need-based Analysis. For example, …
LIC of India(new jeevan anand) – Why these kind of polices are bad?
When we are about to take a Life Insurance Policy, then first LIC of India name comes into our mind. LIC of India is backed up by Government of India. Lic is offering so many varieties of plans. But some plans are not good for you at all. They will destroy your wealth.New Jeevan Anand policy is famous in LIC OF INDIA. Life Insurance will cover the risk of dying too early and risk of dying too late. Hench, Life Insurance Corporation if it covers above said two risks. But the real problem comes when it is trying to behave differently …
