Everything you wanted to know about term insurance but didn’t know whom to ask.
There is a persistent belief in Indian personal finance circles that the earlier you buy term insurance, the better. And in many cases, that is true: premiums are lower when you are young and healthy. But “earlier is always better” is an oversimplification that ignores a basic principle: term insurance exists to protect financial dependents. … Read more
The standard approach to term insurance in India is simple: buy one large policy that covers all your financial obligations. A ₹1 crore or ₹2 crore policy, purchased in your late 20s or early 30s, and held until retirement. It works, but it is not the only approach, and it may not be the most … Read more
Joint term insurance sounds appealing on paper: one policy, two lives covered, lower premium than buying separate plans. Insurers market these plans as the smart choice for modern couples. But is the convenience worth the trade-offs? The answer depends entirely on how the policy is structured, what happens after the first claim, and whether both … Read more
When selecting an insurance provider, many consumers rely heavily on the claim settlement ratio (CSR) as a primary indicator of reliability. While a high CSR suggests an insurer settles most claims, it doesn’t necessarily reflect the quality or fairness of those settlements. Understanding the limitations of CSR is important for making an informed choice. TL;DR CSR Limitations: CSR … 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