The following post is a sponsored post. India’s insurable population is estimated to reach 750 million by 2020 with a life expectancy of 74 years. However, insurance penetration in the country was 3.9% in 2013. The ratio of premium to Gross Domestic Product (GDP) was 3.1% for life plans and 0.8% for general insurance plans. […]
The following post is a sponsored post. Technology has developed and the Internet is used by millions of people for various reasons. This has even affected the insurance industry and a greater number of individuals are now opting to purchase insurance using this advanced technology. When investors opt for purchasing life insurance policies, investment plans […]
The following post is a sponsored post. Riders in insurance policies facilitate the allocation of personalized benefits to the consumer at a nominal additional cost. Riders help convert standard policies into more attractive ones so that consumers can use them to meet their specific life requirements. Let’s take the example of an accelerated death benefit […]
The following post is a sponsored post. There are many factors that help consumers choose the right insurance policy. One of the most important among them is the claim settlement ratio. This is a term most people find difficult to understand. The purpose of this article is to help people understand claim settlement ratio better […]
The following post is a sponsored post. Buying life cover is one of the most important decisions of an individual’s life. In the Indian market, companies provide two kinds of covers namely term plans and non-term plans. The second type of plans are also known as money-back policies or endowment plans. While most experts recommend […]
The following post is a sponsored post. Insurers put out advertisements that say “no medical tests needed†to entice prospective buyers. However, before you get taken in by these advertisements, just ask yourself if buying insurance without medical tests is really plausible and worth the risk? The primary reason for undergoing medical tests is to […]
The following post is a sponsored post. Financial concepts pertaining investments can be quite confusing to the lay person, and as is the case with any complicated subject, a lot of misinformation and myths begin to take shape. This is true for term plans, as well, and it can be problematic, as many people simply […]
Given life’s vagaries each of us would like to save and invest our hard-earned money to tide us through the rainy days, and the occasional black swan, when they come. Where we err though is to jump headlong into “investments†just because we need to be seen with the “crowd.†Someone in the next cubicle […]
The following post is a sponsored post. Buying insurance is often perceived as time-consuming and difficult. Although most of us agree with the importance of having a life insurance, the formalities can be a big turn-off. Such a cumbersome task can sometimes cause policy buyers to postpone their decision. Let us be appreciative that we […]
The following post is a sponsored post. The life insurance industry in India is the largest in the world. The collective amount of people from about 200 countries across the world is less than the total amount of people insured in India. Don’t be surprised after reading these statistics, India still is under-insured. The penetration […]
Oops! It’s been close to 3-months now since I last wrote — it’s the usual “life just got busy” excuse and I pick-up all the blame for letting things slip. We’ve also just entered a brand-new financial year and I wish each of you a prosperous year ahead. Lot’s of stuff did happen in between […]
A colleague asked for my opinion about a certain Capital Multiplier Plan that he’d been investing in since a few years. I looked up the plan and the details turned out to be as scary as a horror show. A few samples — [From the brochure] This plan is best suited for you… — If […]
A reader of this blog shared an actual quotation that they received for the AEGON Religare iTerm Plan — here’s my review of this online term life insurance plan. The reader also gave me permission to publish this here so that it’d help serve as a reference for other readers. Rs 13,600 per annum for […]
This post was updated on December 25, 2012 By chance, I happened to read in a financial newspaper that the Bharti AXA Life eProtect Online Term Plan had some updated terms and conditions. Previously, I’d said that I like the simple and no-frills approach of this plan. I take that statement back now because in […]
So, I came across this life insurance plan that provides the twin benefit of comprehensive protection and guaranteed additions [on the cumulative premium] of up to 10%. I was really intrigued. On the face of it, a 10% guaranteed addition each year on the cumulative premium is something that you just can’t scoff at and […]
That was quite a hiatus from the world of personal finance. A number of you wrote in asking if I was away on work-related travel again — since whenever the blog goes silent it’s usually because I’m traveling. This time though, I was helping D venture into the fascinating world of entrepreneurship. The past couple […]
September’s Book Giveaway is fun to participate in and your comments could prove extremely helpful to one of our fellow readers. Continuing the story from where I left it last, a Capital Advisor reader wrote in — My husband, aged 35, has a Jeevan Anand policy for a sum assured of Rs 15 lacs for […]
I simply love coffee. You can hook me up permanently to a Coffee-IV and that would be a debt which I can never hope to repay. Jokes apart, there’s this coffee bean grinding place near D’s place that dishes out some exceptionally aromatic coffee powder. I’m hooked to that coffee powder but unfortunately the owner […]
I walked into my sister’s house the other day only to find my brother-in-law with one hand on his head, some insurance documents scattered all around him on the floor, muttering away to glory in frustration. I peeked at the insurance policy lying on the floor. It was an HDFC Children’s Plan. I think my […]
As I’d promised in one the comments on a previous post in this series, I’m picking up the Aviva i-Life online term plan for review. In the most recent review, I was super impressed with the flexibility offered by the AEGON Religare iTerm plan. So let’s see if the Aviva i-Life plan has got what […]