Articles

An introduction to Universal Life Policy (ULP) for life insurance

Since IRDA has approved the introduction of ULPs, we can expect a flood of such products in the Indian market. Here is all you need to know about this type of life insurance policies.

LIC launches “Jeevan Varsha” – Close Ended Money Back Plan with guaranteed additions

The Life Insurance Corporation of India (LIC) has a new offering - “Jeevan Varsha”. It is a close ended money back scheme, with guaranteed additions. Read on for more details.

Home Loan / Mortgage Insurance – What to Buy, How to Buy

You bought a house using a home loan / mortgage. Your career is flourishing, and you are sure there would be no problem in paying-off the mortgage.

But what if something happens to you? Would you like it if the heavy burden of a home loan falls on your dependents? What is they have to vacate the house due to non-payment of the loan?

This article emphasizes the importance of buying insurance to cover a home loan liability. It also discusses various methods (traditional term insurance policy and loan cover term assurance) that can be adopted to secure this insurance.

Tata AIG - Maharaksha Accident and Personal Injury Policy

There are many accident policies available, but Tata AIG's Maharaksha policy goes a step ahead – it also covers you for injuries. Here are more details about the Maharaksha policy.

Impact of stock market crash on insurance / ULIP holders

The NAV (Net Asset Value) of Unit Linked Insurance Plan’s units keeps changing with the prevailing market price of the stocks in which it invests. Definitely, the crash / correction in the stock market has an impact on the ULIP holders’ insurance cover. This article discusses this in detail.

What is Endowment Plan in Life Insurance?

This article introduces Endowment Plan / Policy of Life Insurance.

Life after life - Why you should buy Life Insurance

This article stresses the importance of life insurance, and tells you why most of us should buy it…

Are ULIPs a costly form of term insurance plus MF investments?

This article compares Unit Linked Insurance Plan (ULIP) with a combination of term insurance & Equity Linked Savings Scheme (ELSS) investment, and judges the utility of each strategy. (ULIP versus Mutual Funds - MF)

“Term policy” (term insurance) is the best policy

This article compares endowment policies and ULIP with Term Insurance, and recommends the best option for life insurance.

ULIP v/s Endowment Plan for Life Insurance

This article is a comparison between the Unit Linked Insurance Plan (ULIP) and the regular Endowment Plan for life insurance.

How much is your life worth - How much insurance should you buy?

This article helps you decide how much life insurance you need, based on some proven guiding principles.

Health is wealth – Everything you should know about buying Health insurance

With the rising cost of treatment, insuring your health becomes very important. This article explains the benefits of health insurance (also popularly known as “Mediclaim”), and explains why and how you should buy health insurance.

[Inspired by a query from reader “Prasanna Rao”]