If you have been thinking about buying life insurance, but for whatever reason, have delayed your decision, you may want to read the following 10 important reasons to buy life insurance. Regardless of your situation, at least one reason will apply to you.
Funeral Costs
Let’s face it; we are all going to die one day. [...]
On the occasion of its 54th anniversary, the Life Insurance Corporation of India on Friday launched a new scheme – LIC pension plus. A unit linked deferred pension plan, the scheme provides the customer with a minimum guarantee on the gross premiums paid. The plan is without any life cover during the term of [...]
Read More...If you have ever compared insurance rates with a family member or friend, you may find that you are paying very different amounts for similar coverage. There are many factors that affect car insurance rates that can cause one person to pay two to three times more than another for the same plan. These [...]
Read More... For those who are new to the world of insurance and don’t have an idea of what the term insurance means, let’s do a quick definition of the word insurance.
Simply put, insurance is a contractual agreement between two parties called the insurer and the insured, where the latter make payments known as premiums to [...]
To sell insurance effectively, you need to understand both how and why people make decisions to buy insurance.
Which means that it’s critically important to understand purchase decision psychology, and what makes people want to buy.
According to studies of consumer psychology and research into buyer behavior, people are much more concerned about losing something they [...]
Despite the financial crisis, there is quite a good amount of insurance companies in India- after all; it is a country with a population of 1 billion people. Unfortunately, the great variety of companies offering insurance services is often confusing which is why a list of the companies in India is likely to help [...]
Read More... Accidents, break-in’s, natural disasters; if you happen to be affected by any of the these situations, it could cripple you financially, if not emotionally. It is indeed better to be prepared for such eventualities and the best why of doing that is to ensure you have adequate insurance.
Insurance companies sell protection policies to business [...]
Insurance regulator IRDA, which has won its turf war with market watchdog SEBI over regulation of ULIPs, is expected to tighten norms for these schemes, including commission charges, to make them attractive for investors.
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It?s a well-known fact that healthcare costs are on the rise and one has to provide for it.
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The battle with Sebi has forced IRDA to issue a host of new regulations which will change the way ULIPs are positioned.
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In the past two years, the state-owned insurer, United India staged a comeback of sorts.
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