Viren Shah, an IT consultant has three dependants including his wife and parents. Though his annual salary is sufficient to look after them. However, it is their future that bothers him. Since Viren is the only bread earner in the family, he is worried about the amount of financial burden they may have to go through in the event of his death. In order to alleviate this risk, he intends on purchasing a life insurance policy. With the large number of life insurance policies that exist, Viren … [Read more...] about Five Reasons why you must buy a term insurance plan!
Group insurance policies are purchased by employers in order to cover employees of their companies which also includes professionals, cooperative societies and co-workers. Every organisation has a set of policies to facilitate the well-being of the employees. Group insurance policies serve the same purpose. It provides insurance cover to employees at relatively lower premiums to those for whom purchasing individual policies may be a tough deal. Majority of the group insurance policies provide … [Read more...] about Benefits of Group Insurance Plans