Unit-Linked Insurance Plans (ULIPs) or Unit Linked Insurance Policy is a type of life insurance plan that offers a combination of life insurance protection and investment. ULIPS have gained popularity in India, attracting individuals who want both life insurance protection and wealth creation. What are ULIPs? ULIPs are a type…
Life insurance is an essential tool for financial security. In India, family is at the heart of our culture. Despite this, the penetration of life insurance is abysmal. “Life insurance penetration in India was 3.2 per cent in 2021,” says the Economic Survey 2022-23 (by the Indian government). “The penetration…
Most banks offer their customers a home loan insurance when they fund their homes through a bank loan. Home loan insurance, also know as Home Loan Protection Plan (HLPP), is an insurance plan that covers the balance principal payment against the insured loan in the event of untimely demise of the…
Life is uncertain. That’s why life insurance was created as a financial instrument that provides a safety net for your family in case of your untimely death. Getting yourself insured for a certain amount means your family will have access to that much money if you are no longer there…