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  The following are a list of 10 tips that will help you to buy the right insurance plan.     Choose The Right Sum Insured     To provide you with the most assistance when you're in need, your insurance sum     should be 10 times your yearly salary.    Choose Lifetime Renewability  Choose a health insurance plan with a lifetime renewal feature so that you can continue to receive coverage for serious illnesses after retirement. Don’t Choose Claim Loading       Avoid purchasing insurance policies with claim loading features, which cause your premiums to keep rising even after you file a claim for a critical illness and render your policy unaffordable. Choose Restore Limit  Choose a health insurance plan that includes a restore limit provision and extends coverage to your sum insured. Your total critical illness coverage will be INR 10 Lakh at no additional cost, for inst...

LIC Jeevan Lakshya is a limited premium paid traditional program that is unlinked and graded as an endowment with-profits scheme. The plan became effective in March 2015. This program offers an annual income that can be helpful for the family's needs, particularly for children, in the event of the policyholder 's death before the plan's maturity. By the completion of the maturity period, a lump sum balance is always made available irrespective of the policyholder 's survival. LIC Jeevan Lakshya Key Features & Highlights The salient features of the Jeevan Lakshya plan can be mentioned as follows- Guaranteed Sum Minimum: Rs.1,00,000 Full-No Deadline Multiples- The basic assured sum can only be Rs 10,000 in multiples Benefits of LIC Jeevan Lakshya This policy, if availed, offers the following benefits - Maturity Benefit - The Maturity Benefit will include the Sum Assured on Maturity plus the vested Simple Reversion Benefits and the Final Additional Bonus...

SBI Smart Wealth Builder - SBI Life Insurance offers a unit-linked, non-participating insurance plan. Individuals can benefit from this policy in two ways: increased investment opportunities by parking money in investment funds and life insurance coverage. Based on the policy period, SBI Smart Wealth Builder gives guaranteed additions. SBI Life is one of India's most well-known life insurance companies. It is a joint venture between the State Bank of India and BNP Paribas Cardiff, a renowned global insurer. At low rates, the organization offers a wide choice of life insurance and pension solutions. Features of SBI Smart Wealth Builder The features of SBI Smart Wealth Builder plan are as under: Life insurance coverage Guaranteed increases can be up to 125 percent of one annual regular premium depending on the policy length. There are no premium allocation charges after the 11th year. From the 6th policy year onwards, you have the option to increase or decreas...

Term Life Insurance Term life insurance is the most affordable type of life insurance. It can further be classified into level term insurance, decreasing term life insurance, and increasing term life insurance. What Is Term Life Insurance? Term life insurance, also known as pure life insurance, is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. Once the term expires, the policyholder can either renew it for another term, convert the policy to permanent coverage, or allow the term life insurance policy to terminate. How Term Life Insurance Works? When you buy a term life insurance policy, the insurance company determines the premiums based on the policy's value( the payout amount) and your age, gender, and health. In some cases, a medical exam may be required. The insurance company may also interrogate about your driving record, current medications, smoking status, occupation, hobbies, and fam...

Financial temperature is a term used to define one 's personal monetary affairs. Financial temperature has many dimensions including how much savings you have, how much you put away for retirement and how much of your income you spend on fixed or non-discretionary expenses. Personal Net Worth However, the net worth of an individual can be quantified simply because he measures the tangible. By tangible like personal property, cash, art works, antiques, jewelry, collectibles, stocks , bonds, rare books, cars, the cash value of entire life insurance policies, 401ks, IRAs and other things that can be assigned a definitive monetary value. Those tangible items are described as the assets of an individual. On the other side, we have liabilities. These could include mortgages, auto loans , credit cards, installment loans , student loans and, to name a few, tax liabilities. In simple terms, the liabilities represent the debt of a person and other monetary obligations.Since the assets ...

LIC Jeevan Lakshya is a limited premium paid traditional program that is unlinked and graded as an endowment with-profits scheme. The plan became effective in March 2015. This program offers an annual income that can be helpful for the family's needs, particularly for children, in the event of the policyholder 's death before the plan's maturity. By the completion of the maturity period, a lump sum balance is always made available irrespective of the policyholder 's survival. LIC Jeevan Lakshya Key Features & Highlights The salient features of the Jeevan Lakshya plan can be mentioned as follows- Guaranteed Sum Minimum: Rs.1,00,000 Full-No Deadline Multiples- The basic assured sum can only be Rs 10,000 in multiples Benefits of LIC Jeevan Lakshya This policy, if availed, offers the following benefits - Maturity Benefit - The Maturity Benefit will include the Sum Assured on Maturity plus the vested Simple Reversion Benefits and the Final Additional ...

Life insurance companies pay death benefits to their policyholders every day,Providing them with the requisite funds, and definitely welcoming them. Essentially, life insurance offers leverage: You pay the insurance provider a fairly small sum of money in the form of a "premium," And the insurance provider must have a guaranteed payout of fairly significant amounts of money after the insured's death. Though thousands of life insurance policies are available, there are certain unpaid duties or liabilities after you, life insurance may come handy. Some life insurance companies also promise to pay for funeral expenses which after you can be a major cost to your family. Bridging the Wealth Gap A good lump sum can pay off the education fee and marriage costs for your child. Such expenses can be enormous and can be easily taken care of with Life Insurance help. When one is searching for life insurance, there are three specific things relating specifically to life insur...

LIC's JEEVAN TARUN is a participating, unlinked, restricted premium payment plan that offers an attractive combination of protection and saving features for children. This plan is specifically designed to meet growing children's educational and other needs through annual Survival Benefit payments from ages 20 to 24 years and Maturity Benefit at age 25. It is a flexible plan in which the proposer can select the proportion of Survival Benefits to be used during the policy period as per the following four options at the proposal stage: Option Survival benefits Maturity benefits Option 1 No survival benefit 100% of Sum Assured Option 2 5% of Sum Assured every year for 5 years 75% of Sum Assured Option 3 10% of Sum Assured every year for 5 years 50% of Sum Assured Option 4 15% of Sum Assured every year for 5 years 25% of Sum Assured Benefits available under an in-force po...