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Some important insurance terms you should know

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Some important insurance terms you should know. Life Insurance is highly important in terms of having your financial future secured. It is important that you opt for a policy or a plan that meets your needs. When you visit a life insurance advisor, it is quite likely that he will introduce you to certain terms that may be unfamiliar to you. It is very important you acquaint yourself with some important life insurance terms so that no unscrupulous broker can take you for the ride. It will also allow you to choose the most appropriate life insurance protection to fulfill your needs. Following are some important basic terms that will help you in understanding Life Insurance better: 1) Beneficiary: People who have been named in the policy to be eligible for getting the earnings of your policy, after your death. 2) Cash or Surrender Value: The cash amount against which you can get a loan and which is available for withdrawal in case of urgency. If you choose to use th

5 myths about buying Life Insurance in India

Insurance happens to be one of the leading service sectors as on date. You all must be very well aware of the basic classification that is obvious in the Insurance sector, which is none other than the two wings of Life Insurance and General Insurance respectively. Even though General Insurance is taking ground in recent times, Life Insurance has been around for quite some time now. You can easily find a good number of people around you who have invested in a  Life Insurance policy  with the view of getting life protection in case of some of the other unforeseen condition. However, even though, the Life Insurance business has been prevalent for quite some time now and that also with people being welcoming about the same, there are still some myths associated with buying Life Insurance. Today, we are going to throw some light on the five vital myths that are closely related to buying Life Insurance. MYTH I: At a very basic level, one misconception that happens to be one of the gr

What is a Family Floater Plan? Features & Benefits

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One of the most booming service sectors in today’s date is none other than Insurance. Loads and loads of insurance policies, insurance providers and so also insurance policyholders can be located in this particular sector in recent times. Some of the famous policies include Life Insurance Policy, Motor Vehicle Insurance Policy, Health Insurance Policy and so also Retirement Policy to list down a few. However, one such insurance plan that has just recently joined the league of the top of the mind insurance policies is the Family Floater Plan. In this article, we will be discussing the Family Floater Plan with a special focus on its features and benefits. In today’s date, one of the priority policies that is enjoying a good deal of response from the present as well as prospective insurance policyholders is none other than the Health Insurance Policy. Ever since its inception, this particular policy has continuously witnessed an upward trend. The main reason behind the same is the

What to do with your life insurance policy

Planning for the future: What to do with your life insurance policy Care must be taken while buying, receiving, preserving, and ending your #lifeinsurance plan. Here are some things to keep in mind. Stage 1 – Before Buying Decide what to buy: Life insurance comes in various forms: Term plans, child plans.money back plans, ULIPs, retirement plans.ULIPs, retirement plans. Determine your need for insurance correctly. Ascertain ideal coverage: It’s vital that you calculate your insurance requirements and not limit it to the amount of tax you need to save. As a thumb rule, your insurance should provide at least 15-20 times your current annual income. Ascertain ideal tenure & premium: Know your policy’s tenure. Ideally, pick the longest possible tenure — 30-40 years, or more. Understand policy benefits: Ascertain the policy benefits and understand under what conditions they’re paid out. Beyond the basic sum assured, maturity amount, and surrender value, there may be ri

5 Reasons to Buy Insurance Online

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5 Reasons to Buy Insurance Online: How to Make the Fast, Easy and Safe Purchase 1. You have the power  2. The Online Premium 3. The Time Saver 4. Lesser paperwork 5. Easy Online Assistance We at PolicyAdvisor , are passionate about insurance and we firmly believe that insurance products should be an essential part of customers financial planning. We also believe that with proper planning, information & technology we can help customers make the right insurance decisions. Comparison of insurance products is just a small part of the entire process of buying the best insurance. Select and compare the best insurance products matching your requirement, we at policyadvisor.in help you select the best insurance product from the market. Making the right insurance decisions & saving money on life insurance , Term Insurance , health insurance , auto or car insurance was never so easy.