Below is the chart showing lowest online term life insurance premium for a particular age for different insurance amount. The tenure of insurance is 60-(age at time of taking insurance). So for 30 Years aged person the insurance tenure is 30 Years, for 40 years age its 20 years and for 50 years age its [...]
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Life Insurance in India is more to do with Tax saving and Investment rather than actual “Insurance”. Budget 2012 has taken cognizance of this fact and has proposed to increase the sum assured limit as a multiple of the premium in order to enjoy tax benefits. Under section 80C of the Income-tax Act, premiums paid [...]
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There are advantages of being a woman – both financially and other wise. But this post focuses on the advantages the women have in the financial world. Income Tax Benefit: Under the current tax regime, women pay less tax than men. For the present financial year (2011 – 12), the tax exemption limit for women [...]
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Deciding on Life insurance is complicated process and once you have decided on the insurance amount, insurance tenure and which company and plan to go for, the last decision to be made is weather you should opt for single premium or Yearly premium payment? I favour Yearly premium payment over single premium policies because of [...]
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At the time when life insurance companies are caught on the wrong foot with their ULIPs and stock market fluctuations, the focus has come back to the traditional Endowment & Money Back plans. Money Back Plan – In this kind of plan the insurance company, on survival, returns wholly or partially the premium paid by [...]
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Life Insurance is the first step of Financial Planning. And in Life insurance – Term Plan is the best bet. Term plan is simple – if the insured person dies his nominee get the insured amount. If he doesn’t die there is no return. This makes it the cheapest form of life insurance. But again [...]
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I have compiled a list of Term Insurances Plans offered by various companies. The table below shows premium payable for a healthy 28 year old non-smoker Male for an insurance term of 25 Years.
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One of my friends has been blessed with a daughter a few days back & he’s on cloud eleven. Well but with such bundle of joy comes a lot of responsibilities. So as a responsible dad he wanted to take a life insurance cover. How much insurance he requires is a different subject matter altogether [...]
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