life insurance

[ad_1] You might be planning to invest in insurance, but reading the terms and conditions diligently can be an overwhelming experience. Before investing in an insurance policy, it is paramount to understand the fundamental terminology. Before you invest in an insurance policy, it’s essential to understand the basic terminology for better coverage comprehension. Understanding terms like premiums, deductibles, coverage limits, and policy riders is essential for better usage of…

[ad_1] Financial planning is essential in today’s world to safeguard and ensure our family’s financial stability. A key component of financial planning is choosing the right insurance. Unfortunately, many people mistakenly believe that insurance is primarily for tax savings and prioritize the tax benefits when selecting a policy, but this is not the correct approach. While tax benefits can be an attractive advantage, they should not be the main…

[ad_1] Insurance regulator Insurance Regulatory and Development Authority (IRDAI) has released a set of new regulations in relation to the surrender value of insurance policies. The new set of rules will come into effect from the next financial year i.e. April 1, 2024.  According to the latest guidelines, surrender values for life insurance policies are set to decrease if the policies are surrendered within three year. But if the…

[ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) has retained the existing surrender values for life insurance policies, following concerns raised by life insurers, according to the gazette notification issued later last week. The regulator also permitted sale of Index Linked Insurance Products, where the Net Asset Value (NAV) is linked to publicly available indexes IRDAI decided to retain the regulations after it suggested an increase in…

[ad_1] Millennials have disrupted many industries, and insurance is not an exception. This generation values connectivity and their continuous access to information, thus demanding personalised experiences, transparency, and technology-driven solutions. In the dynamic landscape of the Indian life insurance industry, a transformative shift is underway, with prime focus on providing tailored financial protection for the next generation. The evolving needs and aspirations of young individuals demand a more personalised…