Term insurance is a risk management tool. Before we address risk management tool in detail, let me give you an example of risk management. After explaining risk management, I will further explain what term insurance...

Does everyone need Term Insurance? The answer to this question is No. Everyone does not need Term Insurance. There are specific situations where a person needs Term Insurance, and these specific situations depend on 2...

Many of my clients ask if they still need personal term insurance even when their employer offers corporate term insurance. I’ll break it down in simple terms, with real-life examples, so you can understand why...

 Is there any thumb rule that needs to be followed while purchasing Term Insurance cover? Should I purchase it based on my annual income OR Should I purchase it based on my annual expenses? Let’s...

 In this chapter, we will learn about expense replacement method to calculate the term insurance cover requirement. The basic difference between income and expense replacement methods is whether you take monthly income or monthly expenses for your term insurance...

If you are  already aware about the need for Term Insurance and the amount of coverage you will require. The obvious follow-up question that you would have thought of is – Till what age should...

My clients usually ask me which is the best term insurance policy. What they mean is which insurance company will ensure 100% claim settlement. The answer is none. Why? No insurance company has a 100%...

I assume the majority of you shop online on Flipkart or Amazon. What happens if you buy a phone from one of these e-commerce sites? It displays a number of additional alternatives for add-ons, such...

Recently, my investment advisor recommended that I buy a term insurance cover of 2 Crores with a regular premium payment option spanning 25 years. I am currently 35 years old and need insurance coverage until...

Should you buy term Plan with Return of Premium (TROP) or Maturity Benefits: The short answer is “No.” However, there are rare scenarios where TROP could make sense. Let’s dive into the details to understand...

Term insurance policy is a great way to protect your family’s future. But then you’re faced with choices like claim settlement options, premium payment options, online vs. offline, and even whether to purchase from a...

Keyman Insurance: Protecting Your Business’s Most Valuable Asset As a small business owner or startup founder in India, you will likely be pouring in your heart, soul, and savings into building your dream. You’re focused...

You have probably heard of insurance and how it helps protect you financially, right? Well, the Married Women’s Property Act, or MWPA, is like a special kind of financial protection specifically for wives and kids...

Choosing the right term insurance as an NRI is like tailoring a suit – it needs to fit your specific circumstances. There’s no one-size-fits-all answer. The optimal policy depends on several factors, including where you...

Choosing the right term insurance in India can feel overwhelming, especially with so many companies and policies out there. But don’t worry, it’s not as complicated as it seems. Let’s break it down step by...

Your loved one has passed away, and you’re dealing with the already difficult task of filing a term insurance claim. It’s probably the last thing you want to be doing right now, and the paperwork...

Term insurance is designed to protect your loved ones financially if something happens to you. You pay premiums, and in return, the insurance company promises to provide a lump sum to your family upon your...

As the nominee of a term insurance policy, dealing with a claim rejection can be overwhelming, especially during an already difficult time. However, it’s important to know that a rejection doesn’t mean the end of...

Let us try to answer some of the most frequently asked questions about term insurance. Most Frequently Asked Term Insurance Questions Here are the most frequently asked questions about term insurance. Q1. Should I buy...

I will continue as if this is a continuation of a previous chapter on term insurance FAQs.. Here are some more frequently asked term insurance questions. Q18. Which option should I choose for Sum Assured...