Partial withdrawal from life insurance policy reduces sum assured
You have to be at least 18 years of age to make a partial withdrawal. You are allowed to partially withdraw money only after the completion of 5 policy years an...
All You Need to Know About Reinsurance
Reinsurance can help an insurance company to limit the amount of risk that it suffers, thereby indirectly protecting the customers as well. Thus an insurance co...
जीवन बीमा उत्पादों के लिए आईआरडीएआई के नए दिशानिर्देश
पिछले पांच वर्षों में जीवन बीमा उत्पादों में बहुत बदलाव देखने को मिले हैं। आज के ग्राहकों की ज़रूरतों को समझते हुए बीमा कंपनियों ने उत्पादों में ज़रूरी बदलाव कि...
5 Reasons to buy insurance if you are getting married this year
It’s easy to get carried away when you’re planning your wedding, but the harsh truth is that life is full of uncertainties. If an emotional or financial setback...
Eight money tips to help young earners plan their finances
The twin behavioural devils of ignorance and procrastination push most people into their 30s before they get down to streamlining their finances.
Are you financially literate? Find out how clear you are about investing
Though the financial services industry claims that it is spreading investor awareness, a significant percentage of educated Indians remain financially illiterat...
5 investment options for the retired
Here are few investment options for the retired to provide for their monthly household expenses. The idea is to build a retiree portfolio with a mix of these pr...
How to go for householder’s insurance
Chances are that you may not get compensated adequately (or in some cases not at all) in the event of any mishappening, particularly if you just missed out some...
ET Wealth ratings: Comparison of 10 tax-saving investments under Section 80C
Comparison of 10 tax-saving instruments on 8 parameters: returns, safety, flexibility, liquidity, costs, transparency, ease of investment and taxability.
Eight health insurance myths debunked
A hospital exigency may result in breaking (through surrendering or exiting) one’s existing investments to meet the expenses. This can be avoided if there is a ...
How to finance your child’s higher studies with education loan
An education loan helps in bridging the gap between one’s savings and the cost of education. Read on to find out how an educational loan works and important wat...
How to plan for child education expenses
Rather than making investments on ad-hoc basis, it’s crucial that one puts a plan in place to meet child’s education needs.
Mistakes to avoid in tax saving investment rush before March 31
Unlike the ELSS funds, you can invest blindly in the PPF. If you already have a PPF account, just put the remaining portion of your Section 80C limit in it.
Choosing between fixed-income and market-linked investment avenues
Both fixed-income and market-lined investments have a role to play in creating wealth and achieving financial goals. Read on to find out how to put them to best...
How to keep your family informed about your financial details?
iCare is a social initiative by Aegon Life Insurance Company that allows you to share your personal, financial and insurance-related details with your family by...
The insurance riders you need and those you can do without
It is largely for high-end vehicles, which have a hydrostatic lock to protect the powerful engine from getting damaged in case of water logging.
Group Health Insurance vs Individual Health Insurance
In order to better understand the differences between group insurance and individual insurance, and consequently make important decisions concerning it, it is n...
Hyderabad-based Madhav needs to change investing pattern to meet financial goals
The Hyderabad-based couple will need to hike equity exposure, align investments and put off early retirement to hit financial targets.
Are you buying insurance blindly? Find out
Thousands of buyers sign up for insurance policies every year only to terminate them prematurely. Find out how to avoid such losses.
10 financial mistakes you will regret at age 50
Investing in insurance, choosing the wrong investment vehicle or putting money in dubious schemes are some of the mistakes you could commit.
Two things every parent should know while planning for child education
Parents tend to look at short term goals and are mostly unprepared for their children’s higher education.
5 ways senior citizens can avoid being mis-sold an insurance policy
To avoid being scammed out of their hard-earned money, here are insurance products senior citizens should steer clear of at all cost.
2015 India policy changes: Impact on your personal finance
After a six-year wait, the Insurance Laws (Amendment) Act finally received a nod from the Rajya Sabha. Here are some key features of the act that will impact yo...
Should you buy Ulip? Find out
Two different set of situations warrant the need to invest through Ulips. Read on to find out if it fits your situation.
How to read benefit illustration of Ulip
Benefit illustration is a graphical representation of the cost-benefit mechanism in a unit linked insurance plan. Read on to find out how to use it effectively ...
Show your mother you care this Mother’s Day and invest in her future
On this special day dedicated to mother’s everywhere, what will you do to show your mother how much she means to you?
Why create emergency fund before starting to invest?
When a financial emergency strikes, in the absence of an emergency fund, dipping into the existing investments becomes imminent. Here is how to avoid such a sit...
What makes tax-saving exercise an important financial planning tool
Proper tax planning not only reduces the tax liability but also helps save towards various goals one has set at different life stages.
Why you must have accident and disability cover
A personal accident plan also compensates for loss of income due to accident, permanent complete disability or permanent partial disability.
Single premium vs regular premium products in insurance. Which scores higher?
decide whether you want to pay the entire premium at one go (single premium) or would you like to pay at regular intervals such as monthly, quarterly, semi annu...
Important things to know as an insurance policyholder
After a recent reprimand by the insurance regulator on improper handling of customer grievances, insurers may mend their ways. In the meantime, you should get a...
What the new insurance law means for policyholders
The amended law provides insurers flexibility to raise capital through new and innovative instruments apart from increase in foreign equity.
Santu Biswas needs to reconcile his financial goals with available surplus
A crucial aspect of financial planning involves not only having realistic goals and calculating their future values correctly, but also reconciling these with o...
Here's how to make sense of jargon in insurance contracts
You are advised to read T&C carefully. However, even after hours of poring over the contract, chances are you would not be any better informed.
What’s your resolution for the new financial year?
If you buy a product blindly because your colleague did, you would have ticked the right boxes on paper – made an investment and saved on taxes.
Don't make the same mistakes I did by ignoring term plans
What are the odds of passing away, while you are still young, with a loving wife and two young kids? Nobody thinks of death, disease or sickness when everything...
Just started earning? Take this quiz to find out your financial personality
Take this quiz to find out how your personality can shape your investing and how to overcome the pitfalls.
Come October, you won't be able to buy most insurance policies without an e-account
As of now, insurance repositories are in place for existing physical policy documents to be converted into demat form, but October onwards issuance of policies ...
Should one revive a lapsed term plan or buy a new one?
Many people are faced with the dilemma of whether to revive a lapsed term insurance policy or buy a new one.
8 Financial steps to take before you have a child
Financial planning for your child is a very important part of this responsibility.
Making digitized policies mandatory will give e-insurance a boost: Subbarao Mukkavilli, Karvy Insurance Repository
An insurance repository is a facility which allows policyholders to digitize their insurance policies or, in other words, hold their policies in a demat form.
7 Government schemes to aid economic development and financial stability that you can benefit from
From financial inclusion to better health care, these government backed schemes are helping to improve the overall quality of life for society’s less fortunate ...
6 Things You Didn't Check Before Buying Health Insurance
From concealing medical history to ignoring the fine print of a policy, here are 6 common mistakes to avoid while buying health insurance.
Ready for demat insurance? Policyholders can now hold policies in virtual form
Insurers and repositories will soon be promoting e-insurance accounts to you as the insurance regulator is keen to switch to this new tool.
Limited premium paying insurance plans ideal for self-employed
Several companies, including the LIC, PNB Metlife, Tata-AIA Life, Bharti-AXA Life and Kotak Life are offering limited premium paying options in their endowment ...
Protect yourself against natural calamities with an appropriate insurance product
If you have not heard about natural calamities insurance, let us take this opportunity to tell you all that you need to know about it.
How to protect your assets from natural disasters
You can’t stop natural calamities but you can minimise their impact on your finances by taking adequate insurance cover. Find out the best ways to protect your ...
Get 5 essential insurance plans for just Rs 2,620 per month
ET Wealth explains why you need these covers and calculate the costs for different age groups and persons in various stages of life.
Now get your life covered upto 100 years with the new iTerm plan from Aegon Life
Millennial Lifestyle: Decoding the choices made by millennials and the reasons behind it
While millennials may have a tough time following the conventional way of living, there is one aspect where they are not very different from the other generatio...
Here is how buying term insurance online helps in achieving goals
Pure term plans may not have many frills. Still, one needs to keep in mind certain things while buying these online.
Health insurance for all? Insurers welcome FM Jaitley's move
Insurers have given a thumbs up to Finance Minister Arun Jaitley’s proposal to extend health insurance cover of Rs 1 lakh to economically weaker families.
Tips to make claim settlement easy for your beneficiaries
Claim settlement might seem like the responsibility of the insurance company; however policyholders can also do their part to simplify matters.
Your insurance policy is unlikely to deliver high return this year, here’s why
The benchmark G-sec has fallen to 6.4 per cent after the monetary policy review and is down more than 1.5 percentage points in the past year.
What is the best time to upgrade a health insurance cover?
Postponing an upgrade to the later years may prove to be expensive. Insurance companies would be happy to upgrade when Anuj is young and healthy.
Don’t avoid insurance because of the hike in service tax
Insurance is the bulwark of your financial planning because it protects you against unforeseen expenses and safeguards the financial future of your family.
How Budget 2017 can help promote retirement savings: Experts
Here are suggestions from some experts for Finance Minister Arun Jaitley and his team on how the coming budget can help promote retirement savings.
Insurance to ease burden of liabilities for newly weds
Chandra was panicking at the thought of growing dependents. "Ailing parents, wife and may be kids few years down the line.
When should one opt for disease-specific medical insurance covers?
Some niche plans, especially those for critical diseases like cancer, are a better option than standalone critical illness policies.
Top five reasons to gift yourself health insurance
Life insurance takes more importance over health any day and a glance through a regular 20-something woman's investment portfolio will show a huge chunk of her ...
Clueless about investing in stock markets? Here are some options
If you are unsure about venturing into stock markets, these investment options may change your mind.
All the investments, expenditures you can claim as tax break under Section 80C
Most people invest in life insurance policies, PPF, ELSS in order to avail this deduction, but there are other options too worth considering.
Are you underinsured? Find out the amount of cover you need
Traditional plans fall between the two stools of good returns and adequate life cover — they offer poor returns and very low life cover.
Do you know your financial rights?
ET Wealth lists the fundamental rights and duties every investor and taxpayer should not only be aware of, but also act upon whenever necessary.
How to go for the right annuity plan
There are many types of annuity plans. Essentially they can be classified based on the timing of the benefit, variability of the benefit and coverage of the ben...
Life, motor, health insurance: Nominate right to secure your loved ones
When buying an insurance policy, an insurance-seeker usually focuses on getting the best policy at the lowest premium and does not pay attention to other detail...
Young earner? Five financial mistakes you may regret later
Find out how to avoid these stumbling blocks to ensure a smoother start to your financial journey.
Which term plan is best for you?
Insurers have crafted variations of term plans to suit different buyers and situations. Find out which suits you best.
How to claim your insurance when a natural calamity strikes
There is no denying that you work hard to earn a living and want to ensure that your loved ones are protected in case something untoward happens.
How to invest in Ulips if you are risk-averse
Ulips are transparent insurance products that provide a variety of options to manage your returns due to fluctuations in the markets.
Here’s how to get your insurance claim fast
Policyholders must take some steps to ensure a smooth claim settlement process — while buying the policy and at claim intimation stage.
5 lesser known facts about tax benefits of health insurance
Most financial planners suggest that the first step in any financial plan should be to ensure that one has adequate health insurance.
Think men and women need the same insurance plan? Here's why you are wrong
Women’s health, financial standing and requirements differ from those of men. So, it only makes sense that they need different insurance too.
Why you need to supplement 'indemnity' health covers with 'defined-benefit' health insurance plans
For complete protection from rising medical costs, one needs both indemnity as well as defined-benefit type of health plans.
Know how much insurance cover you need
First calculate how much cover you need. Then go online to buy a term plan that offers high cover at low cost.
What is an endowment policy and when should you go for it
A life insurance endowment policy pays the full sum assured to the beneficiaries if the insured dies during the policy term or to the policy holder on maturity ...
How Keyman insurance can help protect the life of a business
Most of us are familiar with how the life insurance policy of a family's breadwinner helps out in case of his/her untimely demise.
Why women need to buy insurance more than men
Are women naturally better than men when it comes to money? Women today are taking up leading roles in finance and banking sector.
Which insurance covers are a must-have? Find out
Insurance is a risk management tool and must never be mixed up with investments as it is meant to serve a completely different purpose.
Push for online sale of insurance policies won’t hit agents’ job
Insurance companies want to support the government’s digital drive. General insurance companies expect online business to double this year from a very small bas...
Six smart things to know about bonus in insurance plans
Not all life plans are eligible for bonus. Plans can either be participatory, thereby qualifying for bonus, or non-participatory, that do not qualify for bonus.
5 smart things to know about Health Insurance Regulations, 2016
The term of a loan-linked health insurance policy that repays the outstanding amount if the insured is taken ill and is unable to service the loan, has been inc...
Will online discounts on general insurance products make them more accessible?
Life and general insurance products can soon be bought from the government’s website on discount. Here’s what’s on offer.
What all married women should know: Benefits of husband buying a policy under MWPA
What are the benefits of getting your husband to buy a life insurance policy endorsed under the MWPA? This is something all married women should know.
Here's how you can gift a policy or use it to raise a loan via assignment
Once a policy is assigned and registered as such with the insurer the premium or other policy related notices are normally sent to the assignee.
Insurance for senior citizens—is it worth it?
Think senior citizens should invest in insurance even after they retire? Here is what you need to know.
Is insurer with highest claim settlement ratio always the best choice?
Insurers will have to stick to the new advertisement guidelines where they will have to follow a standard practice while communicating death claims data.
Why is it important to make a will?
If you haven’t made your will yet because you feel it’s a tedious process, here are some important things you should know.
Saving for kids' education top worry for 35% people: Insurance survey
According to a protection survey conducted by Birla Sun Life Insurance Company, uncertainty is taking a toll on as many as 78% respondents.
6 important changes brought about by new health insurance rules
The guidelines will bolster the business framework of insurance providers, thereby offering value to the policyholders.
How goal-setting helps plan your finances
Starting to save without putting your life goals in place may throw the financial decisions out of gear.
How insurance needs change at every life stage
There's no doubt that life insurance should be bought as early as possible. But what happens when your responsibilities and liabilities increase?
5 smart things to know about personal accident insurance
Looking for a personal accident cover? Here are 5 key points you should keep in mind before going for one.
Maturity benefits: what you need to know when buying insurance
Thought life insurance only gives financial support in case something goes wrong? No. It can grow your money too.
How insurance needs change at every life stage
There's no doubt that life insurance should be bought as early as possible. But what happens when your responsibilities and liabilities increase?
Aadhaar linking deadlines for these 6 services are fast approaching
According to the government’s mandate, you have to link your Aadhaar number with various key documents and services to continue using them.
All about critical illness plans and how to choose one
Buying a health insurance plan may not be sufficient. Get a second level of protection through critical illness plan for self and family.
What Budget 2017 can do to enable people to make full use of insurance
Here are some ideas from experts on what changes in the budget could make it easier for the common man to buy and use insurance fully.
Internet to drive insurance sales of up to Rs 4 lakh cr annually: Survey
The internet will help drive insurance sales of up to Rs 4L-cr annually in about 5 years as customers in non-metro cities, a survey shows.
Find out which annuity option suits you the best
Launch of LIC's annuity plan, rising rates have reignited interest in annuities. Here are 5 plans offered by LIC, SBI Life, ICICI Prudential Life, HDFC Life.