The Covid-19 pandemic has affected everyone adversely. Each one of us likely knows someone who passed away or has had a near-death experience due to the pandemic. Untimely demise of a friend/family member/colleague also puts our own mortality into perspective. While you must take precautions and avoid getting infected, you must think through the various “What ifs” … [Read more...] about How to Keep Family informed about your Investments and Insurances?
income replacement term plan
If you are looking for a black and white answer to this question, you are going to be disappointed. I don’t have the answer myself. In my opinion, there is no such thing as the best term insurance plan. A lot depends on what you need and are comfortable with. The purpose of this post is not to find out which is the best term life insurance plan. The intention is to help you … [Read more...] about Which is the Best Term Insurance Plan for you?
You have bought a term cover of Rs 1 crore. As per your calculation, the amount should be enough for your dependent family to maintain their lifestyle and achieve all important life goals (education, accommodation, healthcare, marriage etc). Let’s assume Rs 1 crore is enough. If something were to happen to you, your family will get a lump sum amount of Rs 1 crore. However, the … [Read more...] about Income Replacement Term Insurance Plans: You may need one