Life insurance companies are balancing the increasing use of celebrity endorsers by limiting the association to short, event-led campaigns.
As opposed to term insurance that keeps you covered for a specific time period, opting for a whole life term plan means that you are covered for your entire life, says Santosh Agarwal.
Life insurers need applicants to abstain from tobacco for up to five years.
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.
We are hoping to have an exposure of over $300 million over the next two years. We would also evaluate opportunities to invest in other asset classes including equity and structured products.
Buy from an established agent rather than a novice who may not be around when you need his assistance.
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.
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.
Religare, a Ranbaxy group company providing financial services, has joined hands with Dutch insurer Aegon to set up life insurance and asset management venture in the country.
Its not so tough to improve insurance coverage at nominal cost.
The landmark bill to liberalise the insurance industry, which marks Prime Minister Narendra Modi's first stab at legislative reforms, will now go to a parliamentary committee, which will submit a report later this year.
India's largest IT services player Tata Consultancy Services (TCS) saw its $2 billion, 10-year deal with Transamerica Life Insurance Company come to an end even before the period was over. Transamerica is the subsidiary of American arm of Dutch insurer Aegon NV. This is not the first time such a long-term deal has been called off. Earlier this year, UK's National Employment Savings Trust (NEST), ended a $1.8-billion deal with French IT services player Atos.
In order to push more long-term products, insurers are trying to push long-term unit-liked plans by giving incentives to agents who sell Ulips with higher tenure.
Priya Nair tells you how you can use technology to invest better and maximise returns.
The minimum entry age for both plan is 18 years.
Visa and 20 insurance companies in India have joined forces to make paying life and general insurance premiums "faster and easier" through a range of new payment options for Visa cardholders
'When buying a term insurance plan, you need to visualise today what could happen to your family tomorrow in your absence,' suggests Mahavir Chopra, director-health, Coverfox.com.
It is important to preserve copies of benefit illustration and product features.
Combination of term plans and mutual funds will provide the same benefits.
Yashish Dahiya, CEO and co-founder Policybazaar.com, tells readers what steps they can take if an insurance agent cheats them.
It will bring in more transparency and reduce mis-selling
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.
While higher income, educated Indians are financially literate, they aren't really much better off when it comes to planning their financial futures
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