Recently one of the readers of this blog posted a query whether he should opt for ICICI Pru Heart/Cancer Protect Plan or not. You are probably aware that I only share reviews of products that are unique and beneficial to readers. More importantly, there should be some purpose behind the plan. Lastly, I evaluate based on whether I will buy the plan or not. After all, at the end of the day, we have to pay a premium for the same :). Now after reading the query, the first question that came to mind was, "Why do I need this plan when I already have health insurance plan?". My second thought was ... Read More
Best Term Insurance Plans
One of the most common query from my readers is regarding Best Term Insurance Plans in India. In past i wrote an article on 5 Points to consider while buying Insurance Policy. In continuation of this post, recently i bought online term insurance plans for myself and thought of sharing my list of best term insurance plans based on my research, analysis & study. I will try to keep this post very simple and easy to understand. Before you buy term insurance plans it is important to do basic groundwork. I adopted theory of exclusion rather theory of inclusion for selection. I feel that theory ... Read More
5 Points to Consider While Buying Insurance Policy
We Indians buy Insurance Policy not for financial security but for investment purpose. This defeats the whole objective behind Insurance Policy. Not only buyer but seller is also responsible for this mis-selling. In past I wrote article highlighting, how mis-selling is rampant in Financial Sector (To read click here Beware of Relationship Manager / Personal Banker). We have to keep in mind that we are responsible for our investment/financial decisions. The Relationship Manager who is selling the Insurance Policy has vested interest behind the same. Before making any decision to buy Insurance ... Read More