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Terms insurance plans are pure risk cover that provides greater benefits to the beneficiaries at a lower cost. One of the main eligibility criteria to avail of a term plan is income. Although a housewife works hard and contributes to the wellbeing of the family, she is still considered a non-earning member in the family. Hence, it is difficult for a housewife to get a term insurance plan.

Term insurance plan provides full financial protection up to a particular period of time to your family in time of any unfortunate events. Choosing the best term insurance plans depends on your needs, premium payment, income, etc. You can choose the best if the term plan fares well in the following parameters.

Housewives can most definitely get a life insurance, but not everyone is aware of this. A housewife manages the house everyday and takes care of the family with all her might. So if something unfortunate happens to the pillar of the house, it will take a toll on the whole household emotionally and also economically.

The first step is to log into the LIC website and select your preferred language. After this, you are required to register as a new user by completing the LIC online registration process. If you do not wish to register yourself, you can continue as unregistered user and make the payment.

Motor insurance is a legal agreement between you and the insurance provider wherein you promise you pay a certain amount of premium to get coverage for your vehicle in case of theft, loss, accident, third-party injury, etc. As per the Motor Vehicles Act 2017, vehicle should have a valid third-party insurance. Following are some of the advantages of having a motor insurance in India

Yes, it is legally approved to buy multiple term insurance policies. There are many advantages of taking up multiple term policies. It is a good way to diversify life coverage across different policies and reduce the amount spent on premiums. And, you will still have the protection from one policy holder if the other policy holder knocks down.

Term insurance is basically a life insurance policy which provides coverage for a certain period of time or years. If the insured passes away during this defined period, then the payable amount is paid to the family member (nominee) of the insured. 

According to the Motor Vehicles Act 1988, it is compulsory for all new vehicles used, be it for commercial or personal use, to have a third-party insurance. Taking a home insurance could be an option while getting a home loan from the bank. But legally, banks can’t force you to get a home insurance. Car purchase is the only purchase where it is mandatory to have an insurance policy.

A term insurance policy is a form of life cover that provides financial protection to the nominees in the event of death of the policyholder within the policy term. If the insured survives the policy term, no benefits shall be payable to the beneficiaries. For this reason, the premium in a term insurance is lower than the whole life insurance plan which provides maturity benefits.

A term insurance is a pure life insurance that provides no cash value and pure financial protection the beneficiaries. Term plans are cheaper when compared to the whole life insurance plans. The best term insurance plans depend on various factors and your requirement. You can choose the right term insurance plan that is best for you by comparing multiple plans, their features and benefits. Before buying a term insurance plan, look for the following features.

Developed countries have traditional unemployment insurance schemes. Implementing the similar scheme in developing countries like India is quite a challenging task.

Primarily, one must understand that an insurance is not an investment. Taking an insurance policy purely a personal decision. The main aim of an insurance policy is to provide a financial protection to the family members in the event of death or any other unfortunate incident.

When you travel abroad, you can get coverage for medical emergencies, baggage loss, unfortunate accident, flight cancellation, delays etc. One may not be able to avail medical benefits if the insured is found to have pre-existing illness.

Car insurance provides a cover against unfortunate accidents that you might meet with in the future. It helps to mitigate the costs incurred in the accident. The cost of the car insurance depends on a lot of factors such as type of car, age of vehicle, age of the insured and insured declared value etc.

Whole life insurance policy provides cover until the death of the insured. It can be even started after you turn 40. Though the initial premium may be higher, it is constant till the end of the policy, hence providing a cash value as you grow old.

What is life insurance and advantages of life insurance?

The compensation provided by the insurance company is much larger than you had invested. A life insurance becomes a good support to you post your retirement as you do not have to depend on any one for monetary help.

What is life insurance?

Life insurance is basically a contract that is made between the policy buyer and the insurance agency in which the insurance agency guarantees a certain amount to be paid to the named beneficiaries in the case of the death of the policy holder.

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