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Life insurance companies decide whether you are a habitual smoker or an occasional smoker. The term insurance premium would be even higher for habitual smokers than the occasional smokers.
Short-term financial goals can aid in the achievement of long-term financial goals whereas mid-term financial objectives is critical. Setting up financial goals is where long-term goals are established. Understand different financial goals for different timelines.
Insurance Ratios can help you choose your ideal insurance provider. Make sure you check them for every insurance provider you consider when shopping for an insurance plan online.
In case the nominee dies before the policyholder, depending on the terms of the plan, changing the nominee is possible. Once the nominee is changed, the previous nominations automatically get null by the current nomination.
IRDAI considers the solvency ratio at the prime. It has been made mandatory for every insurance provider to maintain a minimum solvency ratio of 1.5 with a 150% solvency margin. IRDAI closely monitors the solvency ratios of insurance companies across India.
Married Women's Property (MWP)Act of 1974, the claim amount will only go to the wife and children of the insured. No creditor of any unpaid loan, or any government agency, can make a claim on the proceeds after the death of the insured individual.
Know about the Non-Linked and Non-Participating Term Insurance Plans. While buying term plan, make sure to understand types of term plans for making a well-informed decision as term plan that is non-linked and non-participating is an example of a pure life cover.
Coma, gets covered as a critical illness rider when bought along with the basic term plan but the target of any standard-term insurance plan is to offer financial protection to the insured and the family. during any unfortunate circumstances.
Child Insurance Plan is an investment explicitly made for a child's future financial requirements and term insurance plan is solely a life insurance scheme purchased for a specific period. Read the article to know the comparison between them.
Choosing the best term insurance plan is a serious and important matter. If you feel you are unable to make the right choice, Read the article to know the 9 Tips to Choose the Best Term Insurance Plans.
With the best term plan, you always associate certain expectations. In this article there is a list of the top 7 typical expectations that you can have from purchasing and maintaining a term plan.
LIC Tech Term Plan is a pure protection term plan that targets to financially protect the family.The benefits of LIC Tech Term Plan far supersede its disadvantages, making it a perfect choice to act as a protective financial shield even after you are gone.
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