Life Insurance Articles

Types of Life Insurance

Last Updated : Jan, 2024

Types of Life Insurance

A financial tool, life insurance offers you the security and protection of your loved ones. It serves as a safety net, providing financial assistance during the policyholder's death. The death benefit can help maintain your family's financial stability even if you are not present by replacing lost income, paying for daily living expenses, paying off debts like mortgages or loans, and funding your children's education.

Written By : Naval Goel

How does Life Insurance Work?

Last Updated : Jan, 2024

How does Life Insurance Work?

Life Insurance plays a pivotal role in securing your loved ones even with or without your presence. In the meantime, when financial instability hits hard, life insurance comes to provide them with monetary well-being.

Written By : Simran Nirala

Sum Assured vs Sum Insured

Last Updated : Jan, 2024

Sum Assured vs Sum Insured

Life insurance now becomes a crucial part of life to protect your loved ones from financial-related issues that occur in your life. However, sometimes insurance terminologies can be pretty complicated for policyholders to understand.

Written By : Naval Goel

GST On Life Insurance

Last Updated : Jan, 2024

Surrender Value in Life Insurance

A life insurance plan is a long-term investment and commitment for insurance holders. Due to certain circumstances, sometimes policyholders are unable to continue their life insurance plan and have to surrender the life insurance policy which means terminating their policy before it reaches maturity.

Written By : Simran Kaur Vij

Senior Citizen Life Insurance

Last Updated : Jan, 2024

Senior Citizen Life Insurance

Have you planned your future being a senior citizen? Are you someone who's coming closer to retirement and wants a secured future for your spouse or children and yourself? But you're tensed if you are able to get life insurance for 60-year-olds? Well, this article has an answer for you.

Written By : Varun Saxena

Underwriting in Life Insurance

Last Updated : Jan, 2024

Underwriting in Life Insurance

In the event of a person's passing, life insurance act as a safety net and offers families and other loved one financial and priceless support.

Written By : Simran Kaur Vij

Life Insurance for Gen Z

Last Updated : Jan, 2024

Life Insurance for Gen Z

As with the word Z, Generation Z is the latest smartest and educated overtime, but somewhere they fail to determine the potential financial risks for their future.

Written By : Simran Kaur Vij

How to Claim Life Insurance After Death?

Last Updated : Jan, 2024

How to Claim Life Insurance After Death?

Life insurance is a vital financial tool that provides a safety net for you and your loved ones. However, it is undoubtedly the most challenging experience to lose someone who we love.

Written By : Simran Saxena

Age Limit For Life Insurance

Last Updated : Jan, 2024

Age Limit For Life Insurance

The age limit for life insurance is an essential factor to consider when seeking financial protection for yourself and your loved ones. In case you pass away, life insurance offers a safety net by ensuring that your beneficiaries receive a lump sum payment or regular income. Understanding that life insurance policies have certain limits, including age requirements, is essential.

Written By : Daina Mathew

Survival Benefit In Life Insurance

Last Updated : Jan, 2024

Survival Benefit In Life Insurance

Lifе is a journey full of uncеrtaintiеs, and planning for thе unеxpеctеd is an еssеntial aspect of rеsponsiblе financial managеmеnt. In this pursuit, life insurance provides individuals and their loved ones with the necessary financial aid when the policyholder is no more.

Written By : Simran Kaur Vij

Insurable Interest In Life Insurance

Last Updated : Jan, 2024

Insurable Interest In Life Insurance

We understand that life insurance is one of the best financial tools to safeguard your family in case of your demise and create wealth. There is one essential component of life insurance known as insurable interest that comes into the picture when you intend to buy this policy for someone else or something, loss of which, can lead to a financial loss.

Written By : Simran Kaur Vij

Life Insurance for Students

Last Updated : Jan, 2024

Life Insurance for Students

As a young college student, buying a life insurance policy could be the last thing on your mind. But amidst your study schedule, thinking about how to insure yourself from any uncertain circumstance is necessary.

Written By : Simran Kaur Vij

GST On Life Insurance

Last Updated : Aug, 2023

GST On Life Insurance

Goods and Sеrvicеs Tax (GST) is a comprеhеnsivе indirеct tax lеviеd on thе supply of goods and sеrvicеs in India. Implеmеntеd on July 1, 2017, GST rеplacеd multiplе cascading taxеs such as sеrvicе tax, cеntral еxcisе duty, and valuе-addеd tax (VAT).

Written By : Naval Goel

Importance of Life Insurance

Last Updated : Aug, 2023

Importance of Life Insurance

Lifе insurancе is a financial instrumеnt that sеrvеs a dual purposе - it providеs financial protеction for your lovеd onеs in casе of your untimеly dеmisе whilе also acting as a valuablе savings and invеstmеnt tool.

Written By : Simran Kaur Vij

Factors That Affect Life Insurance Premiums

Last Updated : July, 2023

Factors That Affect Life Insurance Premiums

Life insurance is important for you and your loved ones as it provides protection and security against unfortunate situations.

Written By : Naval Goel

Life Insurance For Cancer Patients

Last Updated : July, 2023

Life Insurance For Cancer Patients

The situation might be very difficult when it comes to life insurance for cancer patients. A person diagnosed with cancer often encounters problems when trying to obtain insurance coverage.

Written By : Sahil Singh Kathait

Difference Between ULIP and Traditional Plans

Last Updated : July, 2023

Difference Between ULIP and Traditional Plans

Securing a safe financial future for ourselves and ensuring the protection of those we care about requires us to rely on insurance.

Written By : Naval Goel

Grace Period In Life Insurance Policy

Last Updated : July, 2023

Grace Period In Life Insurance Policy

The grace period in a life insurance policy is a vital aspect as it provides individuals an extension of time to pay their premiums.

Written By : Naval Goel

Life Insurance With Maturity Benefits

Last Updated : July, 2023

Life Insurance With Maturity Benefits

Life insurance with maturity benefits presents a unique type of coverage by combining the advantages of both financial protection and investment growth.

Written By : Priya Singh

Difference Between Life Insurance and Health Insurance

Last Updated : July, 2023

Difference Between Life Insurance and Health Insurance

The difference between life and health insurance resides in the function they perform and the risks they eliminate. Having insurance is crucial in our everyday lives because it provides financial stability and safeguards us from unexpected situations.

Written By : Simran Kaur Vij

Benefits of Life Insurance

Last Updated : July, 2023

Benefits of Life Insurance

Life insurance benefits policyholders in several ways. Even though it can be tough to ponder the unknowns in life, life insurance serves as a necessary financial asset that offers peace of mind and reliable financial defence.

Written By : Naval Goel

Advantages and Disadvantages Of Life Insurance

Last Updated : July, 2023

Advantages and Disadvantages Of Life Insurance

Financially safeguard your loved ones with life insurance in case of your death. The contract is established between the policyholder and the insurance company, with the policyholder making regular premium contributions.

Written By : Naval Goel

Life Insurance Premium

Last Updated : June, 2023

Life Insurance Premium

In case of an unexpected demise, life insurance guarantees that your loved ones have a financial safety net, providing security and peace of mind.

Written By : Naval Goel

Cash Value Of Life Insurance

Last Updated : June, 2023

Cash Value Of Life Insurance

If anything unfortunate happens to the policyholder, life insurance becomes crucial to ensure financial stability for their dependents.

Written By : Naval Goel

Free Look Period in Life Insurance

Last Updated : June, 2023

Free Look Period in Life Insurance

Insurance regulators have introduced a free look period in life insurance policies to ensure consumer protection.

Written By : Naval Goel

Ladli Lakshmi Yojana

Last Updated : May, 2023

Ladli Lakshmi Yojana Policy

Ladli Lakshmi Yojana is a financial assistance plan designed specifically for girl children in Madhya Pradesh by the state government. It is a financial aid plan to fund the education.

Written By : Naval Goel

Group Term Life Insurance

Last Updated : March, 2023

Group Term Life Insurance

Group Term Life Insurance is a type of life insurance policy that provides coverage to a group of individuals, typically employees of a company.

Written By : Naval Goel

Bima Sugam Life Insurance

Last Updated : December, 2022

Bima Sugam Life Insurance

We have all read headlines like “Bima Sugam to be a game changer for insurance” in print media and on various websites in the past few days.

Written By : Naval Goel

Whole Life Insurance Policy

Last Updated : September, 2022

Whole Life Insurance Policy

Whole life insurance is a traditional insurance that offers the insured coverage for their whole life. Whole life insurance provides permanent death benefit coverage for the life of the policyholder.

Written By : Naval Goel

Sabse Pehle Life Insurance

Last Updated : April, 2022

Sabse Pehle Life Insurance

Sabse Pehle Life Insurance is a campaign by Life Insurance Council launched on 4th Dec 2019. The motive behind this campaign was to raise awareness about the importance of Life Insurance in Indian households and to encourage them to opt for a suitable life insurance cover.

Written By : Naval Goel

Life Insurance FAQs

Last Updated : September, 2021

Life Insurance FAQs

Life Insurance plays an important part in an individual's life. It provides financial stability to you and your loved ones in case of an unfortunate incident.

Written By : Naval Goel

Pandemic challenges in Life Insurance

Last Updated : May, 2021

Pandemic challenges in Life Insurance

With the outbreak of the COVID-19 pandemic last year, there has been a greater emphasis on health insurance plans.

Written By : Naval Goel

term vs life insurance

Last Updated : January, 2021

Term Life vs. Traditional Life Insurance- Which Is Better?

Unexpected events in life can leave a person in shambles (physically, mentally, and financially). Because of it, insurance has become a need of the hour, especially, when a person has family responsibilities and his absence can be a cause for concern.

Written By : Naval Goel

How to Get Duplicate LIC Policy Bond?

Last Updated : October, 2020

How to Get Duplicate LIC Policy Bond?

LIC Bond is the document issued by the company when you purchase an insurance policy. Purchasing an insurance policy requires several steps, and the policy bond is furnished when LIC gives its approval after scrutiny of all the submitted documents.

Written By : Naval Goel

How To Check ICICI Prudential Life Insurance Policy Status

Last Updated : May, 2020

How To Check ICICI Prudential Life Insurance Policy Status?

ICICI Prudential is one of the pioneer private life insurance service providers to have crossed the benchmark of Rs. 1 trillion in Assets Under Management (AUM).

Written By : Naval Goel

What Are Late Payment Charges For LIC Premiums

Last Updated : September, 2020

What Are Late Payment Charges For LIC Premiums?

LIC offers products and services that provide adequate financial coverage no matter what our economic status is. While purchasing an insurance policy from LIC is highly recommended, we also need to be aware of the various terms and conditions that apply to the policies.

Written By : Naval Goel

How To Check SBI Life Insurance Policy Status

Last Updated : April, 2020

How To Check SBI Life Insurance Policy Status?

SBI offers various life insurance plans for its patrons including term insurance plans, child education plan, unit-linked insurance plan, endowment plans, pension plans and group plans.

Written By : Naval Goel

Life Insurance Claim Process & Requirements

Last Updated : July, 2020

Life Insurance Claim Process & Requirements

The life insurance policy offers financial security to individuals and families in case of any unfortunate events like death and disability to the life assured. It is suggested that individuals should avail life insurance policies of such insurers, which offer a high claim settlement ratio with easy documentation.

Written By : Naval Goel

SBI Life Insurance Premium Payment

Last Updated : April, 2020

SBI Life Insurance Premium Payment

Being one of the leading life insurance companies in India, SBI Life offers a gamut of insurance plans that suits your financial requirements. SBI Life offers myriad customer-centric plans designed for a child's education, care-free retirement, family protection, financial security and wealth creation.

Written By : Naval Goel

Guaranteed Income Plan

Last Updated : June, 2020

Guaranteed Income Plan

It takes constant effort and perseverance to meet up all short and long-term financial goals at the right time. Although needs are endless, yet your financial strength can count for everything.

Written By : Naval Goel

ICICI Prudential Life Insurance Login and Registration

Last Updated : April, 2020

ICICI Prudential Life Insurance Login and Registration

ICICI Prudential Life Insurance is one of the top players in the Indian life insurance market. It started operations in 2001 as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited.

Written By : Naval Goel

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- 4.5/5 (831 Total Rating)

April 20, 2024

Biswajit Barman

Kolkata

Review: HDFC Life Insurance Term Policy HDFC Life Insurance Term Policy stands out as a beacon of financial security and peace of mind in the ever-changing landscape of life insurance offerings in India. Here& 039;s a comprehensive review of HDFC Life& 039;s Term Policy, highlighting its key features, benefits, and overall value proposition: Key Features: 1. High Coverage at Affordable Premiums: HDFC Life& 039;s Term Policy offers substantial life coverage at competitive premiums, making it an attractive option for individuals seeking comprehensive financial protection for their loved ones. 2. Flexible Policy Terms: The policy allows policyholders to choose from a range of flexible policy terms, enabling them to align the coverage period with their long-term financial goals and obligations. 3. Additional Riders for Enhanced Coverage: HDFC Life offers a variety of riders that can be added to the base term policy for enhanced coverage against critical illnesses, disabilities, and ac

April 8, 2024

Shreya Chaudhary

Allahabad

I am very grateful to the insurance experts of PolicyX and Mr. Ankur, who kindly helped me settle the claim of Aegon Life Insurance. Thanks again, I& 039;ll always remember this favor.

April 8, 2024

Prerna Negi

Chennai

I bought a Bajaj Allianz Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.

April 8, 2024

Preety Kamat

Bhopal

Got ICICI Pru iProtect Smart term insurance plan via PolicyX; so far, I& 039;ve hassle-free renewal service and have not faced any kind of nuisance.

April 8, 2024

Sahani Kaur

Gandhinagar

The PNB MetLife Mera Term Plan Plus I& 039;ve bought it at a low premium, and it is fully satisfactory to me. The insurance expert of PolicyX is too polite, and their online buying facility reduces the paperwork for me.

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