Your Questions Answered: Are there any hidden conditions in a ₹1 crore term plan with return of premium?

A term policy is a type of life insurance that provides coverage for a specific period of time. Return of premium term policies may have specific conditions that must be met for the policyholder to get the premiums back and it is important to review your insurance coverage regularly.

Can alcoholics and smokers buy health and life insurance? Here's how

Myth busted! Alcoholics and smokers can also buy health and life insurance; however, they may face higher premiums due to the greater risk they pose. Read further to know more 

Are life insurance premiums headed for an increase? Experts weigh in

As life insurance premiums might increase in the near future, this could be the right time to lock premiums, say experts

Human Life Value: What is it and why is it important while assessing insurance coverage?

HLV or Human Life Value determines the financial loss that your family will experience in the event of an unfortunate event that leads to your death. An HLV calculator may be used to estimate the economic worth of human life.

Are Indian victims in war zones covered in life insurance policies? All you need to know

In a situation like the Ukraine crisis, the effectiveness of your life insurance policy is determined by the residency status for which the policy is purchased, the nature of your overseas stay, the cause of death, and the type of insurance coverage that you have purchased.

Why your financial planning is incomplete without insurance

The unpredictability of life underlines the importance of having insurance in today’s times. Without adequate life and health insurance coverage, ensuring financial security for your loved ones is not possible. 

Haven't invested in insurance? Why you must in the coming year

Investing money is common. The idea must be to protect and secure. This coming year, focus on buying insurance if you have none. 

Government asks banks not to use unethical practices to sell insurance policies

<ul><li>The Department of Financial Services has received complaints that fraudulent and unethical practices are adopted by banks and life insurance companies for procuring policies from the bank customers.</li></ul>

Insurers settled over 2.25 lakh death claims on account of Covid, LIC paid over 70% of the total

Irdai said insurance companies settled over 2.25 lakh death claims on account the pandemic and paid ₹17,269 crore towards claims up to March 31, 2022. The life insurance industry paid benefits of ₹5.02 lakh crore in 2021-22, which constitutes 73.1 per cent of the net premium. LIC accounted for 70.39 per cent of total benefits paid and private insurers the remaining 29.61 per cent.

Insurance companies' collection from single premium policy holders rose in 2022

The number of policies sold grew 18.3% YoY in November-22 for the merged entity (HDFCLIFE+ Exide Life). For YTD FY23 period, the number of policies sold declined by 4.2% YoY.

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Your Questions Answered: Are there any hidden conditions in a ₹1 crore term plan with return of premium?

personal finance

personal finance

personal finance