Endowment plans are life insurance plans, which not only cover the individual's life in case of an eventuality but also offer a maturity value at the end of the term
Here are some of the most important reasons why ULIPs score over endowment plans.
Deciding whether a whole life insurance plan is a smart option or not hinges on the financial situation of the insurance buyer
Naval Goel explains all that you wanted to know about life insurance but didn't know who to ask
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
A quick snapshot about the fundamentals of the concept of life insurance.
For long-term financial security, millennials must not only provide social security for their young families but also ensure that their financial burdens are not passed down to their families, says Casparus Kromhout.
Have you ever spared a thought on other tax-friendly alternatives at their disposal, which could actually give them better returns than an insurance endowment plan?
To reduce time taken for product approvals, Irda has asked life insurers for a product planner before every financial year.
Alliances fight wars effectively only when they share an endgame. If Israel acted without US knowledge, then the military alliance is operating without real coordination at the level of strategic targeting. Neither picture is reassuring in a war that is no longer regional in its consequences. Prem Panicker continues his must read daily blog on the Gulf War.
The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies not to advertise unit-linked plans as investment products in a recent circular.
There is little doubt that the policy offers some interesting features, but these do not come for free, policy holders have to pay for the same by way of higher premiums.
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.
Endowment Plus is a unit-linked product that offers investment-cum-insurance during the term of the policy.
Child insurance plans can be broadly classified into two types: unit linked and traditional.
While these two are important, there are other risks such as loan repayment and retirement that you need to insure.
It's an undeniable fact that after enactment of GST, buying insurance will become a little expensive impacting your term plans, health plans and motor insurance plans the most. But you should not ignore the importance of insuring your life, health, vehicle, says Harjot Singh Narula
The premium on insurance policies will get costlier by 3 per cent to 7 per cent, depending upon the rate fixed by the GST Council from April 1, 2017, says Harjot Singh Narula.
These offer great scope and flexibility when you fall upon hard times, says Harjot Singh Narula
Tough times don't last, but tough people -- and smart financial strategies - do, says Ramalingam Kalirajan
A term insurance should always be preferred over other insurance products like ULIPs, money back and endowment policies.
You are charged the same premium and also enjoy continuity benefits
Buying an insurance policy? Claim Settlement Ratio helps you find out the chance that your claim will be settled and how soon it will be setled.
Either you are buying insurance policy online or through an agent, getting a better understanding about it will always be beneficial for you, says Harjot Singh Narula
Agents are still misleading consumers by suggesting insurance products are good investments.
It becomes important for individuals to understand what to look for in a ULIP before finalising one
The Life Insurance Corporation of India has opened a branch in Muscat to cater to over 300,000 non-resident Indians in Oman.
'Splitting must result in tangible benefits for the customer, otherwise it will only mean more work for them in maintaining the policy and for their nominees.'
An endowment policy can provide some form of life-risk cover but investors should consider buying the no-frills term plan to increase the coverage amount at a fraction of the former's cost.
Life Insurance Corporation on Friday launched two schemes -- a money-back children's plan 'Jeevan Anurag' and pension with endowment plan 'Jeevan Nidhi.'
Harjot Singh Narula explains the basics of paid up insurance policies
One might wonder what's wrong if one were to get the best of both worlds by buying one product. There are basically two problems... cautions Rajiv Raj
The insurance giant is unable to sustain its assured return schemes in a falling interest rate regime.
G Murlidhar, MD and CEO, Kotak Mahindra Life Insurance Company explains how to make smart financial decisions for better gains.
You can exit Ulips after five years.
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