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Source: Live Mint Life insurance is a crucial pillar of financial security, offering peace of mind and protection for your loved ones. However, customers often find themselves with policies that don’t align with their actual needs. Sometimes, what customers truly require is not what they’re offered, as the focus shifts toward savings or investments rather…
Source: Live Mint I am a 35-year-old working woman living in Pune with a 4-year-old daughter. I earn ₹1.2 lakh per month, and my husband is a freelance designer with a fluctuating income. We currently live in a rented apartment but plan to buy a house in 3-4 years. I want to ensure my daughter’s…
Source: Live Mint In an ever changing landscape of financial planning in the country, term insurance has become a cornerstone for several seeking to secure their family’s future financial security and prosperity. Now given that the primary function of term insurance is to provide death benefits to the deceased’s family members. Some of the prominent…
Source: Live Mint Over 40% of his annual expenses went into paying the premium for the nine insurance plans, another 40% towards mutual funds, and the remainder for household expenses. Coming from a traditional Lucknow-based business family, the major focus for Kesarwani, 39, had always been the core jewellery business. “Once I joined the family…
Source: Live Mint At a recent event in Mumbai, Union Finance Minister Nirmala Sitharaman flagged mis-selling of financial products, particularly related to insurance. Often, consumers buy an insurance product after being prodded by an agent, who could be a friend or a relative. After numerous calls, which culminate in a face-to-face meeting, you decide to…
Source: Live Mint Arvinder Singh (56), who runs a retail business (telecom equipment and electric two-wheelers) in Delhi, faced the same dilemma. A chance meeting with a financial professional at a get-together influenced him deeply. He decided to test the waters, that too when he was just turning 50. View Full Image Graphic by Pranay…
Source: Live Mint A key takeaway from the September quarter (Q2FY25) earnings of HDFC Life Insurance Company Ltd is that pressure on value of new business (VNB) margin continues. VNB margin came in at 24.4% in Q2FY25, down sequentially and year-on-year. An analysis of the annualised premium equivalent (APE) for Q2FY25 shows the adverse new…
Source: Business Standard Purchases of term insurance among self-employed individuals have surged by 50%, driven by tailored plans and the growing gig economy. With the rise of young entrepreneurs, the demand for flexible insurance options is reaching new heights, according to a report by Policybazaar, an insurance marketplace. A person is considered self-employed…
Source: Live Mint Can I buy an individual term life cover if my company already covers me under a group term life policy? Will there be a conflict between the two policies in terms of maximum sum assured? Will my nominee get a claim from both policies? – Name withheld on request The underwriting for…
Source: Business Standard Premium and rules put together for your convenience Read Full Article
