AFFORDABLE LIFE INSURANCE

Looking to spend less?
Not everyone wants to pay more on their Insurance Premium. For those people there are some ways to cut down their insurance premiums.
The rate of life Insurance Premium is depends upon some factors. Those factors are…
Type of Insurance that you select.
The Policy’s death Benefit
The Risk that you pretense to the insurance Company





It is noticeably that to get the lowest cost Life Insurance is depends upon standing with some categories. This Category are given below. This category seems normal but it is performing main role to decrees the Premium of your Life Insurance. So, Let us undertake that entire category.

The First Category is your Risk
In this factor, there are your habits, condition of your health, your life style. This all-normal thing is very effective to your life insurance premium because, all things into the risk you pose to your insurance company. Initially it place to reason, and after that it making upgrading in this areas. As the result of it, the Areas can reduce high premiums. On occasionally its notably.

The bad habit of Smoking and drinking are become reasons for raising Life Insurance Premium.
A sure way to get low cost Life Insurance Premium is to moderate your bad habits of drinking and smoking and after three to four years your insurance prices will decrease. It is very easy to say this than to do it practically, but it is quiet effective.

Serious illness or bad medical condition grows up your Life Insurance Premium tremendously.
Insurance companies create a group of applicants with particular illness into a lump without taking into consideration each individual’s situation. Because of this rule, there are no difference between the premium of normal man and bad habited man.
If your sickness reaches at the high level then take time to locate an insurance company that, takes every application on an individual basis. It is very difficult to get a low cost Life Insurance for the man who is suffering from any illness of having any bad habits but this effort will came him towards lower his Life insurance cost.

Risky surrounding is also responsible for higher Insurance Cost.
Your profession or the place & post of your job, your risky hobbies like paragliding, bungee jumping this types of things effects on your Insurance prices. These types of things can put your life in danger so your surroundings is responsible for higher insurance cost. A truly risk free life is the solution to finding Low cost Life Insurance.

If your Life style is safe, surroundings are secure and you had maintain your health well, you are giving little responsibility of risk to the insurance company and it will be your main reason to get low insurance premium.

LIFE INSURANCE - VARIOUS TYPES OF POLICIES

Today Insurance Sector is getting bigger then yesterday. And tough compete has given more & more options to the customers. Before buying any Life Insurance Policy, You should know that what kinds of Policies are available in Insurance Industry. So that you can buy the best what you actually need. Here is a snapshot of the different types of Life Insurance Policies and their advantages.
Term Insurance:-
Term Insurance give covers to the Policy Holder for a specific period of time. This Insurance pays only when the Policy Holder dies within that specified time. Generally, Term Insurance is the cheapest Life Insurance among other Life Insurance. Thus, it is more Popular. You can renew most of Term Life Insurance Policies for one or more years, weather the condition of your health has changed. Each time you renew the policy; Premiums may rise higher than previous one. Team Insurance is mostly useful to cover any exceptional debt like home loan, mortgage loan etc. Yet not understand? Read this example. Ex. You have taken a Home Loan of Rs.20 lacks. You are the only person in your home, who is earning and paying those installments. No one can say what is going to happen tomorrow. Unfortunately, you died in any accident or any other event, who will pay the remaining installments? If you have Insurance then it will helps financially to your family and they will not lost their Home. Young Couple who is just married, has to run their home from a smaller amount of money, But to have a Life insurance is very necessary, for those Young people the Term Insurance is the best.

Whole Life Insurance:-
The Whole Life Insurance Policy covers you as long as you live but only when you had paid premiums. Normally the amounts of these premiums are same for lifetime. Some whole life insurance policies have facility to pay their premium for a short period such as 15or 20 years. The premiums of these policies are as higher as the period is shorter. Some of these types of policies have an option of Returning the premiums. Its mean that after some years of paying premiums, the Life Insurance Company will pay back the premium to the policy owner and the coverage will also continue.

Money Back Insurance:-
This Policy covers your life as well as other Life Insurance Policies but it also promise to give you some assured cash payment as regular time of period. Money Back Insurance is a one kind of Money Saving plan in which included an advantage of Life Cover and regular cash payback. This Policy is perfect for those, who are planning some require expenses , which are important like child’s further education, wedding, buying home or any assets. This type of Life Insurance Policy is very popular in Middle class Families. In this Policy, you should pay the Premium for a particular period of time. Between this period the policy owner dies, the full assured amount is payable to the nominee.

Endowment Assurance:-
The Endowment policies are the most popular policies in the Insurance Industry. This Policy is a level premium plan in which, there is a saving feature also. At the time of maturity, some of money is pays out to the sum assured. During the term of this policy, the policy holder dies then the Insurance Company pays total amount of policy. In the Insurance Market, there are so many policies offers you to select the term of the policy. But you have to select the term from five years to thirty years. There are also available the non-profitable policies in the market which premiums are low-priced.

Universal Life Insurance:-
Universal Life Insurance Policy is a flexible insurance policy, because it changes as per the market. Only in this policy, you have a choice that in which financial instruments your net premiums are to be invested. These financial instruments are like stock, bonds, equity etc. The money that you had invested as a premium has possible for major growth, such funds are subject to market risk, note that, the loss of principal amount is also included.

Unit Linked Policy:-
This type of Life Insurance Policies is known as ULIP plans. Unit Linked Product is as similar as the traditional Insurance Policies exception that insurance company invests your premium amount in the stock market. Insurance Company allows you to choose in which financial instruments want to invest in. Company gives you some option like mutual funds, equity, basket of securities etc. If you want to spared your investment then there is also an option to invest in mix of all instruments, it is called balances option. The major advantage market linked plans allows the allocation decision to the investors hands. That all in your (invest]or’s) controls to distribute your money among the various financial instruments. It is also in your hands when you want to do it or pull it out. Any of the products declared over except term products could be unit-linked.

LIFE INSURANCE, UNDERSTANDING LIFE INSURANCE

Life Insurance is a contract in which, a person who had bought the Policy pays some fixed amount to the Insurance Company. In this contract, Insurance Company agrees to pay to that person or his nominee against happening of the event insured.

Life Insurance policy can be the basis of Safe guard and financial stability after one’s death.  The purpose of this Policy is to help, his or her dear ones after the policy owner dies.

Today to buy a Life insurance Policy from vast range is very difficult task. Because it is connected with main changes in your life. In our insurance industry is growing more and more. In addition, Life insurance is the most popular and buys policies.  Usually people buy this policy when they get married, or paying any installments, or have kids so that unluckily if he died, this insurance cover will help financially to his or her family. Some people buy more than one Life insurance Policies. Normally people look this policy as saving policy. They buy a policy cover for five years or ten years and this period they get their money back, which were pay as premium.  Mostly Life Insurance policy buyers are from middle class, they bought these types of policies for their future financial planning. Such as for children’s higher education, children’s marriage, after retirement income ect. 

How will you know that I am buying the best and affordable policy? For this, you should know many important things about life insurance.  In addition, People, who learn more, generally save lot of money on their Insurance Premium, just by knowing which Insurance Coverage, will be best for them.

In the huge Insurance industry there are many types of Insurance Policies are available. Although they all are good and beneficial abut they will confused you also. Among them, how will you know that this Insurance Coverage is enough to cover your family? Mainly there are Permanent Life Insurance and Term Life Insurance. Permanent Life Insurance has lifelong policies while Term life Insurance has the Policies, which have special length of time. While buying life insurance there are many different types of term and conditions. So, One thing should clear in your mind that you have all the information of these types of policies will help you the best to select the correct one for you and your family. 

Term Insurance:- 

Term Insurance gives you more coverage at low premium payment. This policy pays only when the policyholder dies. Term insurance policies provide protection for some previously decided terms only. The Duration of these types of policies is starting from one year to thirty years or more. Term insurance is for that People who wants temporary insurance coverage. The premium of this type of insurance is also very low, thus, a normal man who’s earning is small and want Life Insurance Coverage, and this Coverage is best and will be value for money.

Young Couple who is just married, has to run their home from a smaller amount of money, But to have a Life insurance is very necessary, for those Young people the Term Insurance is the best.

Permanent Insurance Policies- 

This Policy protects the owner for lifetime. This Policy is costlier than the Term Insurance Policy. When things are getting rough, it will be there to help the owner financially. In this Insurance, there are four types of Insurance Policies.

1. Entire Life Insurance:-

This Life Insurance is the most ordinary option. At the time of buying, the amount of the premium are fixed, it is not changeable in future. The rate of return on cash values and the death benefits are guaranteed.   

2. Variable Life Insurance:- 

Variable Life Insurance gives you better returns. Insurance Company invests this policies’ premium in Government Bonds, Stocks and guaranteed return accounts. If you want to invest safely then it is good for you.

3. Universal Life Insurance:- 

This Life Insurance gives you the facility to pay premium flexibly. The People, who has small business and not fixed income the Universal Life Insurance is right for them. It offers minimum death benefits as long as premiums are enough.

4. Variable universal life insurance:-

Variable Universal Life Insurance has also the ability of adjustable premiums. They can also allow investing their money to the various stages of risks to increase.

The best way to find out what conditions of your policy is to get all the information you can. Ask all the questions should make sure it is the right policy for you and your family. The conditions will detail what the policy will cover in the end. Your family will not suffer should something bad happen. 

Now just think that what is your major concern? The First answer that comes in your mind is your Family. Then what will your Family do if something happen to you? But some people laugh as this and say thing that nothing to happen to me so I do not need any kind of Insurance Coverage. Actually, they are wrong. Each of us needs Life Insurance. Today whereever you doing any job, they offer some type of Life Insurance Policy. You must get the right information about Life Insurance. Nowadays Life Insurance’s model is getting more and more popular. Any normal man has a great consciousness regarding this. As per the popularities of Insurance, many multinational companies are joining this field. Between then Life Insurance has a majority deals, where the companies manage it as good as other shape of Insurance. 

  Life Insurance is giving truly support to the nation’s financial system. Therefore, if you have a doubt to go for a Life insurance Policy or not the reply is clearly yes. Life Insurance Policy helps you a lot; it helps your family financially in case of your death. It is also very useful to avail your income tax concessions and other business benefits. 

Types of Auto Insurance

Yuo should know about the types of auto insurance before buying.

Today Auto insurance is the best way to take care of your costly and luxurious car or any vehicle. Auto insurance works as a safe guard for you and your vehicle. It keeps your money, which you spent on your expensive vehicle. At the present time, Auto insurance industry is expanding more and more. It is good for you but it is also confusingly. This industry gives you many different types of auto insurance coverage. Before buying any auto insurance, it is essential for you to know the basics-key information about all the types and which sets in your bugged. The basic types of auto insurance are given below




Basic types of Auto insurance


Fully Comprehensive Auto Insurance Policy:-
This policy the most accepted policy of auto insurance industry. This policy covers all types of causes like, burned, theft, accident, wear and tear ect. So, It is also the most expensive policy. If there is a serious accident happen on the mid way, your expensive car damaged very badly where you were not at fault while the other driver, who did the accident does not accept; you must not to worry. The Fully Comprehensive Auto Insurance Policy covers all this. If you are looking for a value for money policy, this is the best for you.
To buy the Fully Comprehensive Auto Insurance Policy, register an insurance claim against the insurance company from which you want to buy. While buying this policy, check all that details about the insurance company and the benefits or cover, which it will give. Remember one more important thing that in the auto insurance industry there are a few insurance companies, which will not insure your vehicle 100% of it’s value but of 80% or less. Yet try your best to find out the companies, which provides 100% insure for your valuable automobile.



2. Third Party, Fire and Theft-
The Third Party, Fire and Theft Policy is good for those who had finished their automotive loan. They still insure their vehicle because they cherish and admire their car and emotionally attached with it. This Policy is cheap then the Fully Comprehensive Auto Insurance Policy. Still it is just like as it. It covers the causes like theft, Burn, injury to the third party ect. But in case your vehicle met with an accident and in this there is your fault then the insurance will covers you yet there is third party fault then it will not cover you. It means that when an accident happen because of you then the insurance company gives your compensation while an accident occur because of the third party then insurance company will not come to your economic support. There is one big difference between this two types of policies therefore you can see the prize difference also.




3. Third Party Insurance:-
This Policy is the chipset policy. As like it’s prize, it can’t cover many types of risks. It covers only one type of risk and that is the third party’s injury. The accident occurred by you then also it covers. Third Party Insurance Policy is for that who has a less pricey and old vehicle not for expensive one.




4. Specialized Car Insurance:-
The Specialized Car Insurance policy is for classic cars. 25 years or older cars are included in this category. This policy insures cars as classic and according to their owner’s requirement. The benefit of Specialized Car Insurance policy is as same as the comprehensive one. There is only one disadvantage of this policy is that it will covers your vehicle not by time limit but by number of road miles you can drive. Weather you complete the road miles limit within one year or ten year, it makes no difference to the policy.


This all policies have their own value. Collect all the information about all the companies and study their benefits, rules & prize. While taking decision keep in mind about your requirements budget and ask yourself one question, “If I will not buy this insurance policy, am I putting myself in any serious financial risk from a genuine and common danger? If the answer is yes, then go for it.