Tag: LIFE

Myths and Realities about Life Insurance

We are nearing towards the end of another financial year and like any other year; everyone is on the run to save taxes. We see a lot happening around, in this JFM quarter where the motive is to save maximum tax. However, it’s an icing on the cake if it helps to plan the future as well.

One of the most preferred ways to save taxes is to buy a life insurance. No wonder, most of us have Life Insurance or even if we don’t have, we know what it is. Life Insurance is that tool which ensures that your loved ones would be taken care of even when you are not around. Continue reading “Myths and Realities about Life Insurance”

Innovations and Complications in Term Insurance

Group of people holding umbrellas

Few days back I got a call from a friend and she asked me that she wants to buy a Term Insurance of XYZ Co. as it would give her a life cover till 75 as against ABC Co. which insures her only till 65. I asked her why she insisted on getting insured till 75. She said, “What’s the harm in getting yourself insured for 10 more years, it’s always better to have more”. I went on to explain, “It’s good to have protection when needed.” But having something that’s not needed might make you compromise on the things that you need. Continue reading “Innovations and Complications in Term Insurance”