Insurance

estate planning

How Life Insurance can enhance your Estate Plan

Key Takeaways An adequate estate plan will include all details on how one’s assets should be preserved, managed and distributed upon their demise. Life insurance proceeds are the fastest way of getting access to cash payouts which are crucial to settle any outstanding debt, taxes and other immediate expenses such as funeral arrangements.  Life insurance …

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Here’s why you should do your estate planning

Key Takeaways An estate plan determines how an individual’s savings and assets get distributed after their passing. Most people ignore this topic because dying is seen as a distant eventuality and hold the erroneous notion that estate planning is for the wealthy. Estate planning enables you to distribute your assets – irrespective of your net …

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Critical Illness Coverage: Why it shouldn’t be ignored

An often neglected yet important financial product, critical illness coverage has often been misunderstood, mis-sold and confused with health insurance. To better understand the need for this insurance, let’s look back in time to see how the concept came about. Contrary to what you would expect, critical illness coverage wasn’t conceived by a financial company …

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Insuring yourself against skyrocketing healthcare costs

Just a few years back, India was a country with relatively affordable healthcare services. However, this perception and the cost of healthcare has changed rapidly with rising inflation in healthcare costs, which is double the average retail inflation (CPI). Now a major illness could affect your bank account significantly, depleting your hard earned savings. Just …

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Life coverage: The most important financial product you’ll ever buy

At some point of time in life, someone, somewhere has tried to sell you an insurance policy. The idea of insurance may remind you of experiences of hard-selling, pushy sales people, and incessant nudges from that annoying relative / friend, just to get you to sign up for a policy. So, why does that happen? …

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