Insurance

Life Insurance Policy Need An Accidental Death Benefit

Does Your Life Insurance Policy Need An Accidental Death Benefit Rider?

Finance and Economy, Insurance / By / September 7, 2023

Life insurance is a crucial financial tool that provides peace of mind and financial security to your loved ones in the event of your untimely demise. While traditional life insurance policies offer a straightforward death benefit, some individuals may wonder whether they should add an accidental death benefit rider to their policy. In this discussion, …

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LIC Dhan Vriddhi Plan

LIC Launches Dhan Vriddhi Plan for Single Premium Life Assured

Business, Insurance, News and Updates / By / June 26, 2023

The new plan that LIC launched 23.06.2023 is a close-ended single premium plan (869) with combination of protection and savings. The policy conveys assured returns in case of unfortunate death of the life assured. It is a Non-linked, non-participating, individual savings plan. Thus, it guarantees no future premium or no lapsation option after the death …

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Indian Insurance Industry

Indian Insurance Industry Grows to Rs. 59 Lakh Crore

Finance and Economy, Insurance, News and Updates / By / May 2, 2023

The Indian insurance industry has grown significantly over the years, and according to the insurance regulatory development authority of India it is now worth Rs. 59 lakh crore. The industry consists of several public and private insurance companies offering a wide range of ancient insurance policies such as life insurance, health insurance, motor insurance, travel …

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Difference Between ULIP and Mutual Fund

Difference Between ULIP and Mutual Fund

Insurance, Investing, Mutual Funds / By / May 1, 2023

Introduction A Unit Linked Insurance Plan or ULIP and Mutual Funds are the two most popular investment vehicles that people invest to generate wealth in India. While both of them offer the potential wealth for capital gains, there are some core differences between, that need to be acknowledged. In this article, we will see the …

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IRDAI Launches Direct Insurance Options

IRDAI’s New Direct Plans for Increases Choice and Lower Costs

Finance and Economy, Insurance / By / April 11, 2023

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced direct plans in the insurance sector. The aim of these processes is to offer more choices to customers and increase transparency in the market. Direct plans will enable customers to buy insurance policies directly from insurers, even without the intervention of intermediaries such as …

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80D Medical Expenditure For Senior Citizens

80D Medical Expenditure For Senior Citizens

Insurance / By / February 28, 2023

80D Medical Expenditure for Senior Citizens: A Comprehensive Guide! As the population of senior citizens in India continues to grow, healthcare expenses are becoming a major concern. With age, the likelihood of requiring medical attention increases, leading to higher medical expenses. This makes it important for senior citizens to have access to health insurance to …

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Benefits of Whole Life Insurance

Benefits of Whole Life Insurance: Secure Your Family’s Future!

Insurance / By / February 27, 2023

One sort of life insurance policy that offers coverage for the entirety of the policyholder’s life is whole life insurance. The numerous advantages of this kind of insurance coverage are helping it become more and more popular. We will talk about the facts and data around the advantages of whole life insurance in this article. …

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Advantages of Insurance to Business

Beyond the Bottom Line: The Advantages of Insurance For Businesses!

Insurance / By / February 24, 2023

Advantages of Insurance to Business In today’s unpredictable and ever-changing business environment, companies are constantly looking for ways to mitigate risks and protect their assets. Insurance is one of the best resources accessible to businesses for protecting their operations. In this article, we’ll talk about the benefits of insurance for businesses in India, and we’ll …

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disadvantages of insurance

Disadvantages of Investing in Insurance

Insurance / By / February 22, 2023

The Drawbacks of Investing in Insurance: Understanding the Risks Investing in insurance can be an attractive option for many individuals looking to secure their financial future. Insurance products can offer protection against unforeseen risks and uncertainties, while also providing a means to accumulate wealth over the long term. However, like any investment, insurance also has …

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