Should I surrender my life insurance policy? Are you seeking honest answer of this question? Then here we will try to know whether life insurance policy should be surrendered or not.
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Policy Surrender Rules: Things you should be aware of
Do you want to discontinue your insurance policy? Do you have any questions pertaining to policy surrender? Do you know the advantages and disadvantages of surrendering a policy? Are you unable to decide whether you should cancel policy or not? Today I will walk you through some questions including policy surrender rules whose answer a policyholder seek before he actually makes a decision.
Continue ReadingDon’t Cancel Life Insurance Without Considering These Options
Are you going to cancel your life insurance policy? Do you know that you have some options to meet your financial needs without surrendering your policy and you only get a small portion of your investment as Surrender Value?
Continue ReadingLife Insurance Policy Cancellation: How to Surrender Insurance Policy
Policyholders can surrender their insurance policy before maturity if they have paid the premiums for three or five years from the date of inception. If the policyholder has not paid the premiums for at least three or five years, he is not entitled to get the surrender value or paid-up value. Today I will take you through life insurance policy cancellation process.
Continue ReadingIRDA Registered Life Insurance Companies in India 2021
Today I’m going to share with IRDA registered life insurance companies list. These companies have valid license issued by the Insurance Regulatory and Development Authority of India to carry out life insurance business in the country. Make sure to check registration of a company before you buy a policy.
Continue ReadingHow to Check If Insurance Company is Legitimate?
Today we’ll be discussing how to check if insurance company is legitimate or not? This is something we can’t afford to ignore while entering into insurance contract. If we dare to do so, we’d end up with insurance fraud.
Continue Reading10 Horrible Mistakes to Avoid Before You Buy Life Insurance
Today I’m going to walk you through some very common mistakes that people make while buying life insurance. And you should avoid these horrible mistakes before you buy life insurance at all costs.
Continue ReadingBuying Life Insurance? Ask 9 Questions to Your Agent or Say No
Insurance is a legal contract in which two parties (Insurer and Insured) come into a mutual consensus. Like other contracts, there is no scope of verbal commitments; therefore, while signing such a contract, one ought to be aware of each and every aspect of it such as exclusions, deductibles, surrender value, cash value, and the like. Today, I’ll list some important questions that you should ask your insurance agent. Before buying life insurance, you should seek answers of these questions from your agent. If he/she fails to answer then simply say ‘No’.
Continue Reading9 Key Benefits of Having Life Insurance Policy | Benefits of Life Insurance
Insurance: By definition, insurance is a legal agreement between policy holder and insurance company; in which, one pays premiums (policy holder), and other pays (insurer) on the event of loss.
Importance of Insurance: Insurance plays a significant role in an individual’s life. It covers an individual against unforeseen events like; Life Insurance covers insured person against death, Health insurance provides coverage for medical expenses incurred in a hospital, Mortgage insurance provides cover for mortgages and loans taken by insured person etc; and insurance also protects individual’s family against financial crisis by giving financial support to them. Many people face a common phobia that what will happen to their family if they die? It is indeed that death is certain but the time of death is uncertain; insurance cannot stop the occurrence of death, but insurance can certainly protect your family against financial crisis upon your death.Continue Reading
Life Insurance: Different Types of Life Insurance Policies
In today’s uncertain world, Life insurance is becoming a necessity. By definition, Insurance is a legal agreement between two parties (Insured and Insurer); in which one party (insured or policy holder) agrees to pay premiums, and in return, another party (insurer) agrees pay certain amount of money on the event of loss. Now in this day and age, everyone should have an insurance policy because the probabilities of mishappenings have been increased due to today’s hustle and bustle.Continue Reading
10 Important Things to Consider Before Buying a Life Insurance Policy
Insurance is a risk management technique; that helps to reduce the risks of financial burden, in case of any mishappening. Insurance is also known as a risk transfer technique, in which you shift your economical losses to your insurance company by paying a fee called a premium. Insurance protects an individual against financial hardships due to unexpected events like; theft, illness, physical injury, damage to property etc. Actually, life insurance is a legal agreement between you and your insurance company; in which you have to pay premiums and in returns, your insurance company pays you a certain amount of money in the event of loss you insured. The amount of money that your insurer pays you or your nominee (on maturity or event of loss) depends upon the amount of protection you have purchased. Your family may face financial problems upon your death; but if you have purchased a life insurance policy then it might help your family to bear the immense loss. If you have dependents then you must have a life insurance policy.Continue Reading