Category Archives: Life Insurance

Many a times, we make investments into policies of Life Insurance Corporation of India (LIC) in a rush, especially during the financial year end to accrue tax benefits. LIC, being the country’s largest and oldest insurer is the first choice for many. While doing so, we often forget to check LIC plans that are the […]

Around the world, the second Wednesday of March is celebrated as the No Smoking Day in an effort to educate people to quit smoking and raise awareness about the ill-effects of smoking tobacco. The need for creating awareness on this is of acute importance, for smoking tobacco is the leading cause of preventable deaths. As […]

A majority of Indian women in India are not covered by a life insurance policy or are heavily underinsured. According to the insurance regulator IRDAI’s annual report, the share of women in the year 2019-20 has decreased to 32 per cent in number of policies and 34 per cent in First Year Premium compared to […]

COVID 19 exposed us to the blatant uncertainty surrounding human lives and nudged us into the reality of how the loss of an earning member causes immense financial distress to a family. Along with the emotional pangs that follow the loss of a dear one, we saw several families facing financial crises, affecting both – […]

We are in the middle of this fiscal year’s tax planning period right now. February and March are two months when Indians, especially those with salary income, look around for investment options to save tax and also make some long-term savings in the process. Life insurance plans are one of the most popular means to […]

Retirement now seems far away – in fact it might be nowhere on your horizon.  But like death and taxes, old age too is a certainty.  And unlike our grandparents, we might not be able to lean in on regular pension from a government job or the financial support from a joint family set-up.   […]

The withdrawal of tax-break on Unit Linked Insurance Plans (ULIPs) in the latest union budget has reignited the debate between the ULIPs and tax-saver equity funds also called Equity Linked Savings Schemes (ELSS). Until now, there was no capital gains tax on the ULIP proceeds on maturity. After the latest budget, the proceeds from ULIP […]