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Life Insurance

NRIs Buying a Life Insurance Policy in India

Many Indians are settled in foreign countries, and they understand the importance of a Life Insurance policy as it provides financial security to the family in their absence. The Foreign Exchange Management Act (FEMA) has made it possible for non-resident Indians (NRIs) and people of Indian origin (PIOs) to purchase life insurance plans in India. Various insurance companies now offer a variety of customized term life insurance at low premiums.

Is Life Insurance for Financial Security or Savings?

Is Life Insurance for Financial Security or Savings?

Life insurance is considered one of the most secure and safest ways to provide financial security to family against any type of financial emergencies. Since the coverage is enhanced, so is its premium. Term insurance plans and insurance for savings are two different products which caters to different life insurance needs of their customers.

Life Insurance Policy - Unfolding Myths & Understanding Facts

Life Insurance Policy - Unfolding Myths & Understanding Facts

Misconceptions spread like wildfire on anything and everything that we come across. Life insurance is not an exception. For instance, opting for a scheme here is the best way to avoid taxes; everyone says. This prompts people to go for the lowest premium they can avail. And they deprive themselves of the amazing protection a higher amount can offer.