All Insurance News and Plans

Advertisements offering high coverage at very low premiums often grab attention, but they also raise doubts. Many people wonder whether promises like Rs. 5 crore coverage for Rs. 1000 are genuine or misleading. To address this concern, it is important to understand how 5 crore term insurance plans are structured and what factors influence their pricing. How term insurance premiums are calculated The premium of a term insurance plan depends on multiple factors such as age, health condition, lifestyle habits, and the policy tenure. A young, healthy, non-smoking individual in their 20s or early 30s may indeed secure a high coverage amount like Rs. 5 crore at a relatively low premium. However, the exact figure will vary from insurer to insurer and is rarely as low as Rs. 1000 annually. Why low premiums are advertised Insurance companies and aggregators sometimes use attractive numbers to highlight affordability. These advertisements are based on the lowest possible premium for a specific p...

In 2025, higher education costs in India and abroad continue to rise significantly. This makes financial preparation essential for parents who want to secure their children’s academic future. While education loans remain a common solution, child insurance plans are gaining traction for their long-term planning advantages. Understanding child insurance benefits compared to loans can help parents make better choices for their families. Financial security through child insurance plans One of the biggest child insurance benefits is the assurance of financial protection. These plans provide life cover along with a savings or investment component. In case of unforeseen events, the insurer ensures that the child’s education goals are not compromised, as premiums may be waived while the plan continues to build funds. Education loans, on the other hand, create a liability that children must repay, often with interest. Wealth creation over time Child insurance plans encourage systematic savings...