What term insurance is, how it works, and why every Indian family needs one
“Everyone needs term insurance” is one of the most common statements in personal finance. It is also not entirely accurate. Term insurance is designed to protect financial dependents from the loss of your income. If you do not have financial dependents, or if your dependents are already financially secure, the equation changes. This does not … Read more
Life cover is not a legal condition for a home loan. RBI’s conduct directions treat compulsory bundling as mis-selling, and IRDAI has proposed banning it outright. Here’s when you can say no, and what to do if a lender insists.
You bought term insurance to protect your family. But what happens when the reasons you bought it no longer apply? The home loan is paid off. The children are earning. Your retirement corpus covers your spouse’s needs. The annual premium feels like it is buying protection against a risk that no longer exists. Dropping term … Read more
Complete guide to term insurance tax benefits: Section 80C premium deductions, 10(10D) tax-free death benefit, 80D rider deductions, and the 2025 GST reform that eliminated GST on individual policies. Includes old vs new regime comparison and real savings calculations.
Your 50s aren’t the ideal time to buy term insurance. But they are the last practical time. If you’re in your early 50s and realizing you need life cover, you’re facing a tough reality: premiums are 3-4 times higher than they were in your 30s. Medical underwriting is stricter. Some insurers won’t even consider you … Read more
We work tirelessly for our families. Yet many of us overlook the most important question: what happens to our loved ones if we are no longer there to support them? Savings and investments may fund major milestones like education or retirement, but they often fall short for securing a family’s day-to-day stability in moments of … Read more