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  In today’s financial environment, understanding the difference between life insurance and general insurance has become critical, especially as medical expenses in India continue to rise. Both types of insurance play distinct roles in safeguarding your assets and providing financial security, but they cover different risks and needs. Clarifying these differences helps individuals and families make informed decisions in protecting their future and managing unforeseen expenses effectively. What is life insurance Life insurance primarily provides financial protection to your dependents in the event of your death. It is a long-term financial product designed to ensure that your family can maintain their lifestyle and meet financial obligations such as loan repayments, education fees, or daily expenses. Life insurance policies often include term life insurance or endowment plans, each with specific benefits tailored to creating a safety net for your loved ones. In India, life insurance...

In recent years, child life insurance has gained significant attention among millennial parents across India. This demographic, now largely in their late 20s to 40s, is becoming increasingly aware of financial security and long-term planning for their children’s wellbeing. With rising living costs and future educational expenses, many parents see child life insurance as a practical and affordable way to ensure financial protection in unforeseen circumstances. The growing demand highlights a shift towards proactive financial planning, especially among young families. Why millennial parents choose child life insurance Millennials tend to prioritise financial stability more than previous generations. They are well-informed about the importance of early investment and risk coverage, often driven by online research and digital platforms. Child life insurance policies are attractive because they combine protection with investment benefits, offering a lump sum payout upon maturity or in case...

Planning finances for long-term goals requires choosing the best saving plan in India that offers safety, growth, and inflation-beating returns. With recent RBI monetary policy shifts and rising inflation, it is crucial to understand which savings options align with your financial horizon. The right plan not only secures your capital but also ensures meaningful wealth accumulation over time. About the current RBI and inflation scenario The Reserve Bank of India has maintained an accommodative stance but increased the repo rate gradually to curb inflation, which presently hovers around 6-7%. While inflation remains elevated compared to previous years, it directly impacts the real returns from your investments. Therefore, picking a saving plan that guarantees returns above the inflation rate is vital to preserve your purchasing power over decades. National Pension Scheme (NPS) The National Pension Scheme stands out as one of the best saving plans in India for long-term retirement goals...

Inflation in India has remained persistently above comfort levels in recent times, impacting the purchasing power of individuals. In such an economic environment, choosing the best saving plan in India becomes crucial for safeguarding and growing one’s hard-earned money. With rising prices, traditional saving methods like fixed deposits or savings accounts may not offer sufficient returns to beat inflation. Therefore, it is essential to explore financial instruments that provide better inflation-adjusted growth. Features to look for in the best saving plan in India When selecting the best saving plan in India during high inflation periods, focus on: - Returns above inflation: The primary objective is ensuring your capital grows faster than inflation. - Tax efficiency: Savings that provide tax benefits under sections like 80C or 10(10D) help maximise net gains. - Liquidity: Easy access to funds without heavy penalties can be beneficial in uncertain times. - Safety: The plan should offe...

Checking your insurance policy status regularly is essential to stay updated on your premium payments, maturity dates, and other important details. For many policyholders.  knowing how to verify Bajaj life insurance policy status by policy number online provides convenience and quick access to vital information. Use the official life insurance portal One of the easiest ways to check your policy status is through the official life insurance website. Most insurers provide a dedicated online portal for customers to login and view their policy details instantly.  - Visit the official website   - Navigate to the policyholder login section   - Enter your registered mobile number, email ID or policy number and password   - Access your dashboard to view premium status, claim history and policy maturity details   This method ensures secure access and updated information directly from the insurer’s database. Use the policy status enquiry feature ...

  Life insurance has become a crucial component of financial planning in India. Understanding what is life insurance premium is essential for anyone considering a policy. Simply put, a life insurance premium is the amount that a policyholder pays regularly to keep their insurance policy active. This payment ensures that in the event of the policyholder’s demise, their beneficiaries receive the sum assured. In recent years, digital insurers have introduced competitive and often lower premium quotes, revolutionising how customers purchase life insurance. Understanding life insurance premium A life insurance premium is the cost that an individual pays, either monthly, quarterly, half-yearly, or annually, to an insurance company in return for life coverage. The premium is determined based on several factors including the policyholder’s age, health, occupation, sum assured, and policy tenure. The premium can be classified into: - Level premium: Same amount is paid throughout the policy...

  A unit linked pension plan is gaining attention in 2026  as retirees and young earners look for options that offer both long-term growth and retirement security. Unlike traditional pension plans that provide fixed returns, unit-linked pension products invest in market-linked funds, creating the potential for higher corpus accumulation over time. Market-linked growth for stronger retirement readiness The strongest appeal of a unit linked pension plan is its participation in equity, hybrid or debt markets. These plans benefit from long-term compounding, giving investors the opportunity to build a larger retirement corpus compared to fixed-income pension schemes. Younger investors, in particular, can benefit from decades of market participation. Flexibility not found in traditional pensions Traditional retirement products often lock investors into fixed structures, but a unit linked pension offers flexibility through fund switching, adjustable premiums and optional top-ups....