Insurance

Credit insurance is a form of insurance policy bought by a borrower which pays off one or more existing debts in case of the borrower’s death, disability, or in rare cases, unemployment.

The life and property of an individual are surrounded by the risk of death, disability or destruction. These risks may result in financial losses. This is when insurance comes into the picture, as a way of managing risks.

Most of us ignore the idea of taking up insurance assuming we don't require it. However, a sudden accident or a mishap brings us to the realization that life could end anytime for us without providing any hints or clues.

Credit Life insurance is gaining increasing popularity in India. For the loan providers, it offers protection in recovering the loan in case of the unfortunate death of the borrower.

Credit score can affect many of the major purchases you make today, from renting a home to buying a car – and even buying life insurance. Your credit can affect the cost of various types of insurance you buy, but it depends on what type of insurance you’re buying and what company you’re buying from, among other things.

Just a few decades back, most people didn't have to worry about retirement planning as they had a hefty pension that served as their security blanket in their sunset years. But, with the increase in private-sector jobs, a steady rise in inflation and average lifespan, today it has become mandatory to plan for one's retirement.

Money-back is a traditional insurance plan which pays out the Sum Assured and the accrued bonuses in the event of death of the life insured. The beneficiaries or nominees of the life insured receive a benefit (called a death benefit) in case of the death of the policyholder.

Mobile phone insurance has recently started gaining attention although not many smartphone owners are aware of it or are willing to purchase it. Loss or thefts of smartphones have become commonplace, making it all the more important for owners to insure their devices.

If you have ever discussed insurance plans with friends or colleagues, you would have heard them referring to term plans as “pure risk cover.” It offers compensation only for the loss of the life insured.

According to the Indian Motor Vehicles Act, all vehicle owners – bikes, scooters, cars, trucks – must hold a valid insurance policy.

Insurance can be widely segregated in three categories–life, health and general. General Insurance is also referred to as non-life Insurance. Such plans are designed to help you safeguard yourself and the things around, which are most valued.

All individuals require a life cover. A life insurance plan helps your dependents – spouse and children – avoid a financial crisis in the unfortunate case of your demise.

With sky-rocketing medical costs – purchasing health insurance has become a basic necessity in today's lives. The cost of medical treatments – from minor ailments to critical illnesses – is steadily increasing across the country

As a parent, your life's crucial goals is to provide your children with a secure and happy future. We all want to empower our children to lead their lives comfortably. However, the beauty of life is that it's uncertain, and we can never be sure what life will throw at us.

If you have recently purchased a house or own a residential property, then you would have come across insurance agents trying to convince you to sign up for a – home insurance plan.

Commercial insurance refers to the insurance that protects from any unforeseen circumstances that could affect your business. This kind of insurance is offered to commercial entities such as businessmen, industries etc. and provides cover for various business and related needs.

The primary objective of life insurance is to provide financial security to the family especially in managing daily expenses and other financial requirements in the event of the family breadwinner’s demise.

“Live without any excuses and Travel without any regrets.” Every one of us loves to travel and discover new destinations or revisit old favourites.

Group Insurance plans cover a defined group of people, for example, members of a professional association, or a society or employees of an organization.

Every individual must have life insurance coverage no matter what his or her profession is. Insurers often tend to refrain from providing life insurance coverage to individuals who are in relatively risky jobs.

There are varied opinions on the right age to purchase Term Insurance, but there is a unanimous verdict on its necessity amongst today’s youth. Term insurance may be a pure life insurance product, giving benefits only upon the death of the policyholder, however, that has not deterred more people from seeking it out.