India Insured

Insurance: Calculate Sum Assured At every stage of life, there is an element of risk for the individual. For instance, if you are married and have children, an untimely death or accident is going to cause serious financial loss to your family. Adequate insurance cover is, therefore, advocated by all financial planners to make sure that your family does not go through any financial hardships. However, while it is important that you have enough insurance, too much of it is also bad. This is because insurance, as a product, does not give you great returns. So, you need to have a proper mix of insurance and investment to meet all your financial goals. Let us look at different life stages and what are the elements that you need cover for:   From birth till end of education There is actually no need to have any life cover as the individual's ability to earn any income is nil. In case of an untimely death, the parents are more bereaved because of the loss of a ch...

ULIPs- More than a Cover Insurance is seen as protection for one’s family against financial uncertainties that may result due to unfortunate demise or illness. Insurance can also be used effectively as an investment vehicle. Proper planning can help minimize the drain taxation can have on your business or estate. Planning means you choose how your assets get allocated. It involves a step-by-step approach and ensures that you receive only expert advice. The result could be a plan customized just for you. There are a variety of life insurance products specially structured to provide targeted benefits including - Unit Linked Insurance and Pension plans that offer equity linked returns. Some Financial Goals that you can meet through Unit Linked Insurance and Pension plans: Build a legacy – for yourself and your family! The primary purpose of life insurance is to provide for dependents on death of a primary wage earner, but life insurance can also serve as an outstanding t...