Several Ways Insurance Broking Services Will Help You Get More Business

Several Ways Insurance Broking Services Will Help You Get More Business

A broker guides the investment to be made in a proper format in terms of insurance as well as management of risk. These brokers offer advice based on the advice of the clients. The agents should get the complete information about the business. These broking services guide the individuals on how to avoid the business risks and what should be insured to administrate the risks in a better way. These professionals possess a good knowledge in offering the technical advice in order to make a claim. They also understand the…

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Converting your employer group health insurance into an individual policy- Is it Important?

Converting your employer group health insurance into an individual policy- Is it Important?

Insurance policies, as we all know, have become a necessity in everyone’s life and many of us are benefitted by being covered with an insurance cover provided by our employer. Though the benefits at the outline remain the same, group health insurance policies and individual health insurance policies are entirely different from each other. The clauses are aplenty and their implications catch you unawares just when you want to avail the benefit. A simple comparison between these two kinds of policies based on the terms that they are applicable upon…

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How not to finance down payment for buying home

How not to finance down payment for buying home

Buying a home is a big decision. And, as with all big decisions, you need to be well prepared before you implement it.  For starters, before you decide on buying a home, make sure you have accumulated enough money to make the down payment. Hasty measures can put your financial security at risk.   Don’t dip into retirement savings Rummaging through one’s retirement savings may seem the easiest option. But it is not the most desirable one, say experts. “Once you start chipping away at your retirement fund, there’s no…

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FIVE REASONS WHY HOME INSURANCE IS A MUST

FIVE REASONS WHY HOME INSURANCE IS A MUST

Home Insurance policy is one which offers protection for the structure and contents of a home. Buying a home insurance is not much of a priority for many, while some others are not even aware of its existence. This article aims to elucidate on why taking a home insurance cover is important by offering five reasons as a case in point. # 1 Cover against natural calamities: Regardless of where one lives, natural calamities have become a part and parcel of life due to climate change. Urbanization has made earthquakes…

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Why you must know these five facts about Health Insurance?

Why you must know these five facts about Health Insurance?

Healthcare expenditure shows up its ugly face in all our lives at some time or the other. While some of us would care less to spend on our own health, we would go all out to ensure that our loved ones get the best recent medicine can offer. 70% of healthcare expenses are spent out –of-pocket and 70% of this is spent on medicines.  Drugs that are actually necessary to keep a person’s vitals stable.  Putting facts on the table, these are the very medicines that actually keep a person…

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Don’t surrender your insurance policy at a loss

Don’t surrender your insurance policy at a loss

If your Ulip was bought before 2010, it would make sense to continue Ganesh Shankar, 68, was coaxed into buying a unit-linked insurance plan (Ulip) by his relationship manager. The 10-year plan has an annual premium of Rs 1 lakh. When Shankar received the policy statement in the third year, he realized that the value of the Rs 2 lakh premium he had already paid was down to Rs 92,000. The policy had a sum assured of a mere Rs 1 lakh. Now he wants to stop paying further premiums…

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Why term insurance is a must-have cover for all parents

Why term insurance is a must-have cover for all parents

As an American humorist said: “Fun is like life insurance; the older you get, the more it costs.” A year ago when little Anavi was born to proud parents 29-year old Ravi and 24-year Poonam, they realized how big a bundle of joy the small baby could really be. Ravi wanted to give his child a life she truly deserves, and it would not be possible without planning it to perfection. And on her first birthday, Anavi received a small gift from her parents that would take her care of…

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Are guaranteed life insurance plans worth buying?

Are guaranteed life insurance plans worth buying?

The primary purpose of life insurance is to provide protection to one’s financial dependants. There are, however, savings-oriented life insurance plans which in addition to providing protection help one save for long-term goals. Such plans could be participatory (with-bonus) or non-participatory (without-bonus) in nature. The non-participatory plans, instead of declaring bonus which may vary depending on the profits that insurers make, may carry a guaranteed return/addition in lieu of bonus. The element of guaranteed return in the form of guaranteed additions (GA) in life insurance plans makes them attractive for…

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Filing income tax returns: Keep these documents handy, now

Filing income tax returns: Keep these documents handy, now

Whether salaried or running your own business, it’s about time to get your investment proofs in tax-saving instruments ready for filing your income tax returns later this year. Here’s a brief gist of all the documents which you need to keep handy. 1. Section 80 C investments Section80C investments constitute an important chunk of tax planning that people do and hence contributes towards lower income tax. Let streamlined finances be a feature from this year, and may it never lose its sheen the way New Year resolutions do after a…

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For high lifetime regular income on insurance annuities, invest right NOW. Here’s why.

For high lifetime regular income on insurance annuities, invest right NOW. Here’s why.

Income from insurance annuities reducing, invest now If you are considering investing in an insurance pension product that provides annuities when you retire, for a steady flow of income during your golden years, you need to hurry. This is because annuity rates offered by insurers are likely to come down shortly in line with the downward movement on interest rates. Some insurers have already dropped rates and others may follow soon. There is a small window available with some insurers; if you apply now, you will be eligible for income…

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