Everything you wanted to know about term insurance but didn’t know whom to ask.
When you take a home loan in India, the lender will almost certainly offer you a Home Loan Protection Plan (HLPP). It sounds sensible: a policy that pays off your home loan if you die, so your family keeps the house. But before signing up, you should understand how HLPPs compare to regular term insurance. … 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
“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.