By Thomas Beaton July 10, 2018 – Transitional health insurance, otherwise known as a short-term health plan, is a temporary insurance policy intended to provide stop-gap coverage when an individual is in between ACA compliant policies. The National Association of Insurance Commissioners estimates that more than 160,000 people enrolled in transitional […]
Buying term insurance is a critical part of your financial planning; a must-have product which you must buy irrespective of your income level and risk profile. It makes sure that your loved ones are financially secure when you are not around. The term plan is a pure risk insurance policy […]
Millennials should opt for term insurance plans—the cheapest life insurance product with a higher sum assured. Photo: iStockphoto Mumbai: Smruti Valegaonkar, 25, Mumbai-based senior architect and product designer at MuseLab Design Engine, has a life insurance cover. “My parents bought it when I was a child,” said Valegaonkar, who has […]
Loan against insurance policy: Rate of interest varies by insurer and is revised periodically. Photo: iStock Is it possible to take a loan against an insurance policy? What are the conditions of repayment? How will it affect the premium payment? —Manoj Jha Several endowment policies offer loan facility, but unit-linked […]