Why Dirt-Cheap Premiums May Not Be a Blessing
Low premiums in term insurance can mean weaker coverage, poor claim settlement, or a less stable insurer. Here’s what to check before you buy on price alone.
Term Insurance 101
Everything you wanted to know about term insurance but didn’t know whom to ask.
Term Insurance for Freelancers: ITR and GST
Buying term insurance as a salaried employee is straightforward: show your Form-16, salary slips, and you are done. For freelancers, the process is entirely different. Insurers do not know how much you earn, how stable your income is, or whether you can sustain premium payments for 20-30 years. That is where your financial documents come … Read more
When Should You Drop Your Term Insurance?
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
Term Insurance Tax Benefits: 80C and 10(10D)
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.
Term Cover When Expenses Keep Rising
Household budgets are no longer predictable. Prices for food, rent, fuel, and education often rise faster than salaries. If you calculate insurance or emergency cover based only on today’s costs, you may fall short when expenses climb. Learning how to factor in rising and unstable expenses is necessary to avoid being under-insured. Cheat sheet Expenses … Read more
Term Insurance After 50: A Late Buyer’s Guide
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