What term insurance is, how it works, and why every Indian family needs one
Buying term insurance in India used to mean filling out a paper form, waiting for a medical examiner to visit your home, and then waiting 3-6 weeks for a decision. In the last few years, two technologies have begun reshaping this process: artificial intelligence (AI) in underwriting and digital KYC (Know Your Customer) for identity … Read more
Most families skip insuring homemakers. Replacing childcare, cooking, and household work costs lakhs per year. Why term insurance for non-earners matters.
In insurance, trust matters. When your family files a death claim, the insurer either pays or it does not. The claim settlement ratio (CSR) tells you how often each insurer pays. Here is how private and public sector insurers compare on that metric and on the speed and amount of what they actually pay out. … Read more
When you take a business loan, the lender evaluates your ability to repay. But what happens if you are no longer around to make those payments? For sole proprietors and partners, the business loan does not simply disappear. It becomes a liability that falls on your family, your business partner, or your estate. This is … Read more
Imagine purchasing a health insurance policy with a sum insured of ₹10 lakh, believing it will cover all your medical expenses. However, over time, as medical costs rise due to inflation, that ₹10 lakh may no longer suffice. That gap between what your policy covers on paper and what treatments actually cost grows every year you do … Read more
Everyone says buy as much term insurance as you can afford. Online calculators push you toward round numbers: ₹1 crore, ₹2 crore, ₹5 crore. The logic seems sound: premiums are cheap, so why not go big? But here is the uncomfortable truth: more coverage is not always better coverage. Buying too much can strain your … Read more