A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
Buy from an established agent rather than a novice who may not be around when you need his assistance.
Life insurers need applicants to abstain from tobacco for up to five years.
Life insurance companies are balancing the increasing use of celebrity endorsers by limiting the association to short, event-led campaigns.
Priya Nair tells you how you can use technology to invest better and maximise returns.
While buying a term plan, do check how much money will be paid in lumpsum and how much of the money will come to the surviving family as a regular payout, suggests Sarbajeet K Sen.
Use whole life term policies for legacy planning. By doing so, your annual outgo will come down and returns will improve, suggest Chirag Madia and Tinesh Bhasin.
Sanjay Kumar Singh tells you what to watch out for when buying insurance and investing in MFs online.
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
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