Life Insurance
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Every individual engaged in business in India knows the value of making hay while the sun shines. They realise that investments should be made while the inflow of money is high. Those investments will one day come of use in a time of need, when the inflow of money is low or when business is badly affected due to factors beyond one’s control. In essence, they realise the value of short-term investments.
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Many Indians still treat the topic of planning for one’s family’s finances in the case of their unfortunate demise a taboo subject. Planning for and discussing this topic makes us uncomfortable even today.
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Guaranteed Return Plans combine the advantages of regular investments and steady returns with the safety net of life insurance. This unique combination is not present in other financial instruments.
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It is typically at the age of 50 or 60 when the Indian householder realizes that he should have started investing earlier in life so that he could provide his family certain luxuries. Isn’t it unfortunate that such important realizations come only after it is too late to do anything about them?
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Yes, there is a right time to buy life insurance. Over the years, insurance experts have zeroed in on a simple rule of thumb:
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A critical component of any financial plan is insurance, particularly life insurance. But what makes life insurance so important? Why do financial planners insist you have a life cover? In short, why is no financial planning complete without life insurance?
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New regulations were keenly awaited by the Indian Life Insurance sector for quite some time. Finally, the draft released in Oct 2018 has evolved into concrete regulations on Mar 28, 2019. Firstly, the new regulations are aimed at helping better investments in the share market. Secondly, they will also go a long way to help insured persons get more practical value from their policies.
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Yes, there is a right time to buy life insurance. Over the years, insurance experts have zeroed in on a simple rule of thumb:
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Do you worry about HR's tax email every year? Are you one of those who
hurry to make tax-saving investments at the last minute? Relax, you’re not alone. But even you have to agree that worrying about tax every year is really not an ideal place to be in.