All Insurance News and Plans

  For many years, term insurance was largely available to individuals with a regular income. However, insurers have now widened their eligibility criteria, allowing homemakers to secure term insurance based on the income of their earning spouse. This change recognises the financial value and contribution of homemakers to a family’s well-being. Term insurance for housewife plans offer an affordable way to provide financial protection to the family. While homemakers may not have a direct income, their role in managing household responsibilities is significant, and the loss of such support can have a major impact on the family’s stability. How eligibility works through spouse income Insurers now allow the earning spouse’s income to be considered when assessing the eligibility for a term insurance policy for a homemaker. This means that a non-working partner can obtain substantial cover, ensuring the family’s financial commitments are safeguarded. Eligibility is usually determined by:...

  In the past, most people chose either a term plan for its affordability or a whole life policy for lifelong cover and savings. Today, however, many are combining the two as part of a layered protection strategy. This approach allows individuals to enjoy both the extensive cover of term insurance and the long-term value-building features of whole life insurance. Buying term and whole life plans together addresses different financial needs within one insurance portfolio. The term plan offers high cover at a relatively lower cost for a fixed period, while the whole life policy provides lifelong protection and a cash value component that can grow over time. Why layering is gaining popularity The concept of layering has grown because families now seek a blend of short-term affordability and long-term stability. Term insurance ensures that major financial responsibilities—like home loans, children’s education, and other commitments—are protected during working years. Whole life insuran...

  Planning for early retirement requires an investment approach that offers flexibility, growth potential, and accessibility before the conventional retirement age. While the National Pension System (NPS) is designed for income security after sixty, it may not be the best option for those aiming to retire in their forties or fifties. In such cases, a unit linked pension plan offers better alignment with early retirement goals. A unit linked pension plan combines life insurance with market-linked investment opportunities, enabling individuals to build a retirement corpus while also ensuring life cover for their dependants. In comparison, NPS does not offer life insurance protection. Why unit linked pension plans suit early retirement better: Purpose : ULIPs serve dual objectives — wealth creation and life cover — while NPS focuses solely on building retirement savings. Returns : ULIP returns depend on market performance, offering the potential for higher gains. NPS generally provid...

In 2025, Unit Linked Insurance Plans (ULIPs) are seeing a modern twist that appeals strongly to young investors—Environmental, Social, and Governance (ESG) funds. ULIP insurance, already known for blending life cover with investment, is now aligning with values-driven investing. Young professionals, increasingly aware of sustainability and ethical business practices, are choosing ULIPs that invest in ESG-compliant companies while also offering long-term financial growth. What is ULIP insurance? ULIP insurance is a life insurance plan where a portion of the premium goes toward providing life cover, and the remaining is invested in market-linked funds. Investors can choose between equity, debt, or hybrid funds based on their financial goals and risk appetite. ULIPs also offer flexibility to switch funds, make partial withdrawals after five years, and even top up investments—all within the same policy. Why ESG funds in ULIPs are gaining popularity ESG funds focus on companies that meet s...