You have made a prudent decision to bypass endowment plans and ULIPs to meet your life insurance requirement. You have decided to purchase a term life insurance plan. However, you are still undecided about the premium payment mode. Should you go for regular premium payment plan or a single premium term life plan? Let’s find out. Do note the focus of this post is only term … [Read more...] about Single Premium or Regular Premium Term Insurance Plan?
single premium life insurance plan
Tax-saving season is underway. You must already be exploring ways to save income tax under Section 80C of the Income Tax Act. And when the discussion on tax-saving products is on, life insurance plans will invariably come up. After all, the premium paid to keep life insurance plans in force is eligible for tax benefits under Section 80C of the Income Tax Act. Life Insurance … [Read more...] about The Problem with Single Premium Life Insurance Plans