How to Calculate the Sum Assured Required in Life Insurance?

Life insurance is an important instrument that ensures financial assistance to the Dependants of an Insured person in the event of his/her untimely demise. It is purchased so that another source of income is already there in case the insured person dies and dependants do not get into the financial constraints when there is need. Under every life insurance documentation,…

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What Happens When I don’t Pay Life Insurance Premium?

Who doesn’t want to live a financially secured worry-free life? Unwanted occurrences do affect our lives, but life can still go on. This is possible with life insurance. As you grow up, responsibilities multiply. As a social being, you start pursuing a career, get married, have children and take care of your family including dependent parents. Before your retirement, your…

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Documentation For Life Insurance Claims

Documentation is the paperwork that contains official information regarding the contract. In other words, documentation can also be called as the collection of documents that act as written evidence of the official information. These are preserved as the record so that they can be utilized when required. Similarly, when insurance claims are needed to be raised, documents pertaining to the…

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When am i Too Old to Buy Life Insurance?

While most life insurance companies would stipulate an Age Limit on life insurance at 55 – 65, there are life insurance policies that can be bought up until the age of 85. Life insurance is all about securing your future and ensuring that you bequeath tangible value to your kith and kin after your lifetime. And the need for life…

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Who Gets The Claim of Your Life Insurance?

Many people buy life insurance Policy for Risk cover where the Beneficiary gets the Claim amount on death of the life insured. A life insurance coverage allows the Policyholder to specify a nominee to get the benefit in case the life Insured passes away during the policy term. Apart from the death benefit, there are other benefits as well, such…

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