Difference between Life Insurance and Health Insurance

Life insurance is a term that we have heard since our childhood. Most of us probably even have a life insurance policy, and if not us, the generation before us definitely does.

 

Life insurance is basically an insurance drawn on your life, which means that the policy matures on the account of the death of the policy holder. This is created so that the survivors or the nominees of the policy are financially secure after the demise of the policyholder. The t......

Studying abroad to get costlier: Are you financially prepared for the cost surge due to inflation?

For a long time, when one thought of higher education, they would not think beyond the best universities in India. But now, we see the world grow smaller and opportunities to study abroad become more feasible. Ivy league colleges are not just the dream colleges of American children. Indians are now also looking at colleges in Germany, Canada, UK and Australia to pursue the courses they love. As appealing as “Harvard” was, and perhaps still is, there has been a change in the priori......

What is an endowment plan?

While it is common knowledge that life insurance plans cover the risk of dying too early, did you know, that they can help you save too?

 

Life insurance plans come in different forms. While the term insurance policy provides unmatched protection against the risk of death, other life insurance plans are savings oriented which help you create a corpus for your financial goals. One such type of sa......

Financial planning strategies for every step of your child's life

Everyone wants the best for their child. Nothing that is satisfactory is ever going to be enough. The best standard of living, the best food, the best education, basically, the best of all worlds. But it has become such that the best comes at a cost, that is sadly not so cheap. While there is no way to reduce the prices, what we could do, for our children, is to plan our finances well, so that we make sure they have all that they need and more.

Here are a few tips that ......