Why are Premiums Higher in Unit Linked Plans

When it comes to premium pricing, it is found that the costs of ULIPs are far higher than their counterparts-term and endowment.  The reason for this high premium lies in the plans working structure, and what it has in store for an investor. To get an answer to the question of why Unit linked plans quote … Continue reading Why are Premiums Higher in Unit Linked Plans

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Rider Versus Stand Alone Policies- Which One is a Better Option?

Here is a question that pops up quite often when buying an insurance policy- “For the additional insurance needs would a standalone policy be advantageous or, would a rider be sufficient”? Where both the options seem to offer similar benefits, there are a few noticeable differences in their coverage and the premiums. So which one … Continue reading Rider Versus Stand Alone Policies- Which One is a Better Option?

What is Personal Accident Cover?

An accident could occur anytime anywhere unexpectedly. At work, home, travel or the road, it almost renders us helpless with its grave consequences. The trauma of having met with an accident is almost always coupled with financial losses; of getting treatment, or coping with a loss of income, if any. Does insurance have a solution … Continue reading What is Personal Accident Cover?

What is a Critical Illness Plan?

A critical illness plan is a health insurance policy designed to meet the expenses of life threatening critical ailments. It pays you a guaranteed amount if you are unexpectedly diagnosed with a critical ailment. With a critical insurance plan you get yourself insured against serious illness such as a stroke, cancer, heart attacks, kidney failures or bypass surgery. The list of critical ailments varies from insurer to insurer.