Life Insurance

The physical copy of an insurance policy document is given by the insurer to the customer at the time of buying an insurance policy.

The life insurance corporation (LIC) is India’s largest IPO. It had filed the DRHP with SEBI on February 13, 2022. According to the company’s LIC IPO DRHP, 10 percent of the shares of the company will be reserved for the LIC policyholders.

Insurance behemoth Life Insurance Corporation (LIC) is likely to come out with its initial public offering (IPO) in March. Its draft red herring prospectus (DRHP) does not specify the size, but the central government is most likely to offload 31.6 crore shares or 5 percent of its stake in the company.

With life and situations becoming unpredictable, it is important to have a financial cover for your family in the event of your sudden death. The pandemic has made people realize the importance of this, and more and more people are insuring their lives. But, it can be frustrating when the claim to life insurance is not accepted by the insurer. Read on to find out some of the central aspects that you must follow to avoid life insurance claim rejection.

Insurance is an ever-changing sector. Rapid advancements in science & technology and constant upgrades to insurance rules and regulations lead to new policies and regulations in life, health and motor insurance policies.

Every parent wishes to gather a certain amount of corpus for safeguarding their child’s future. Be it education, marriage, or for various career needs, early financial planning can go a long way in ensuring that the required amount of money is available for your child at various stages in life.

Life insurance policies are essentially meant to cover the risk of early death. These act as financial support or income replacement tools. Despite this, one could face various uncertain and sudden risks in life and in such situations, even a term insurance plan could be of limited use.

Life insurance is a must in today’s world not just for you but your entire family. We can never know what life has in store for us, and if life throws a curveball at us, we need a Plan B to take care of our family, when we are no longer around.

As the world continues to battle against the COVID-19 pandemic and the uncertainty that surrounds it, concerns are arising around mitigating the adverse impact of the virus. In light of this situation, India, with its 1.38 billion people, sees a major problem of a vague financial future.

As the name implies, group life insurance schemes (GLIS) are designed to meet the insurance needs of a specific group of people. Group plans are generally taken by employees of a particular organisation.

Insurance is the key element that holds together a good financial planning exercise. As the life insurance market constantly evolves, various insurers offer multiple plans like protection, savings, and even investment plans that help in wealth creation.

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.

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.

Everyone loves the convenience offered by a credit card. Besides providing consumers the ease of shopping now and paying later, credit cards offer an array of other benefits like cash withdrawal on ATMs, cashback or reward points for shopping, etc.

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.

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.

Retirement is an important phase of one's life. This is the stage where most of your responsibilities such as loans, education of children, and other liabilities should be taken care of so that you could spend your time relaxing doing what you like. 

Your life insurance policy should cover minimum and basic expenses of your family. Your dependents life should not significantly alter in your absence. If you are spending INR 15,000 per month for your family, your insurance should make sure that your family is able to get the same amount after your death. If necessary, a little extra amount should be taken to adjust for inflation.