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US-based insurer Metlife Inc, through its group company, will acquire the combined 15.27 per cent stakes of I.G.E. (India) Private Ltd (IGE) and Elpro International Ltd (Elpro) in the PNB MetLife India Insurance Company Ltd (PNB MetLife) for about Rs 1,906 crore cash. According to Elpro, it will receive a sum of about Rs 1,424.69 crore while I.G.E. (India) will get about Rs 481.32 crore. MetLife International Holdings LLC has entered into a share purchase agreement with I.G.E. (India) a...
MetLife to buy out Elpro and IGE's stakes in PNB MetLife
In the policy the investment risk in the investment portfolio is borne by the policyholder Financial planning is one of the most fundamental life skills that you should strive to master as early in life as possible. Being smart about your money by focusing on personal financial planning can help you make the most of what you earn. It can also help you plan for retirement and ensure that your funds grow many times over. With the new year rolling in, and with the next tax season following cl...
Financial Planning Guide by PNB MetLife for 2020 | PNB MetLife
Unlike a pure insurance policy, a Unit Linked Insurance Plan (ULIP) gives investors the benefits of both insurance and investment under a single integrated plan. While it is extremely beneficial to fulfil both goals at once, there are a few things an investor must consider when selecting the plan that works best for them. Here are some factors that might influence your decision: Know your risk appetite: This investment risk of a ULIP is borne entirely by the...
3 Things To Know When Creating A Financial Plan
A Term insurance is the most basic form of security that you can provide your family with, along with the benefit of making tax saving investments. The easiest form of Life insurance, a term plan is a no-brainer when it comes to providing financial security to your family. An online term insurance provides pure risk cover, with relatively low premiums. In case the policy holder expires over the policy term, the fixed sum assured is paid to the beneficiaries as a payout. T...
Secure your family`s future along with benefits on tax savings
Why do people invest? Financial investments are important to secure your future against uncertainties and emergencies. Financial investment ensures that you have reasonable savings and are prepared for rainy days. It also helps you inculcate a habit and discipline of saving. You can better control your spending and saving pattern if you have a financial plan and one or more financial goals you are working towards. The whole point of investing is to grow your wealth, so if you fin...
How to get good returns from investments?
Being retired is all about stretching your legs and reaping the benefits of a life you’ve worked hard to have. But in order to enjoy your second innings, you need effective retirement planning - one that doesn’t leave you with regrets and allows you to maintain your lifestyle. Set your priorities Figuring out what you’d like to do and how you’d like to do it would be a good place to get started. Would you like to stick close to family, or would you like to have y...
Key to a Happy Retirement
With your working years spent in the office trying to secure yourself financially well enough to fulfil your goals, retirement can often open up many unexplored horizons in your life. After the initial excitement of being retired wears off, the need to find ways to make life interesting and secure becomes a core requirement. Here are some ways to add purpose to your life after retirement: Build a healthy life: Incorporate new ways to make your life healthier by adding exercise, health...
Purposeful Life after Retirement
People’s take on retirement lies broadly two outlooks - some look forward to it while the rest dread the thought of not having anything to occupy them. Either way, one thing is certain- retirement involves a significant drop in income, without a corresponding drop in expenses. This requires everyone to plan their retirement so as to avoid a finance crunch. Here are a few tips to keep in mind when you plan for your retirement: Save early: The early bird catches the worm, ...
Perspective on Retirement Planning
Indians have warmed up to the idea of retirement in the past decade or so. Today, many individuals opt for a voluntary retirement to pursue other interests and lead a relaxed phase in the autumn of their lives. Sounds rosy, isn’t it? But, to live a smooth after retirement life, one needs to carefully strategize their retirement planning. Here are reasons why retirement planning in India is pretty essential during the early years: Longer life expectancy: Better...
Why is Retirement Planning essential?
After dedicating years at an organisation day in and out, a good retirement is a gift well deserved. To make sure you are living it up even after 60 and ticking off your bucket list, investing in a good retirement plan in your early years is ideal. Look for investments that help you meet your life goals and requirements. A one-time premium pension plan is one such option that will make sure your requirements and holiday needs are taken care of. While a good pension plan tak...
Planning Your Retirement? 6 Places to Visit Before You Retire
6 things you may not know about early retirement, but need to Early retirement is one of the popular trends brought in by millennials. Taking into consideration our busy work schedules and high work pressures retiring early might sound like the best option for everyone. However, to have an early retirement, you will have to plan a host of things such as your pension plans and life insurance savings. We bring you 6 things that you must know if you are considering step...
How a Perfect Pension Plan can help you in Early Retirement? - PNB MetLife
Your retirement is supposed to mark the advent of your golden years. It is often said that friends, family and fun are the bedrocks of a happy retirement. It is the time when you can get involved in activities you always wanted to do, when the professional commitments were keeping you away from it. Now you have complete independence and autonomy over how you want to spend your time. In order to enjoy a joyous retirement, make sure you plan for it well, financially. If you have invested right ...
Retirement Checklist: Prep for your retirement with these 7 things
It’s never too late to start looking into habits and strategies that can boost your health. With 2020 rolling around, you’ll find that the time is just right to make some New Year resolutions that can help you adopt healthier habits. In all probability, you may have already made similar resolutions in the past. However, if you’re like most people, you might have found it tough to stick with your resolves as the year progressed. This time around, you can avoid th...
5 ways to improve your health in the next decade- PNB MetLife
Health and wealth are two of the most important components of our lives. Any kind of anomaly in the former can take a toll on the latter. As a result, when it comes to healthcare, the monetary aspect takes a backseat even though medical inflation is at its peak in India. However, one of the best ways to get health protection without worrying much about the finances and budget is by purchasing health insurance. Apart from the comprehensive financial safeguard from health emergencies, these hea...
Section 80D: Everything You Need to About Income Tax Deduction for Medical Expenditure
Healthcare is one aspect that is mostly under-utilized in most parts of India. Even today, many individuals are quite averse to visiting doctors for a regular check-up, and a large portion of this reluctance is due to the out-of-the-pocket medical expenditure. However, it is observed that the individuals who are covered under health insurance or a mediclaim policy are very liberal with their health check-ups and consultations. So, it can be said that financial well-being plays a maj...
How is Mera Mediclaim Plan Different from Other Mediclaim Policy?
Ever come across situations where you are extremely overwhelmed. Your hormones speed up your heart, you start breathing faster, have palpitations, and experience a sudden burst of energy. This is the way your body reacts to stress. Though stress can be useful at times and help you achieve things by making you work harder, if this stress prolongs for a long time or happens too often, it can have negative implications. Symptoms in the form of frequent headaches, poor sleep, upset stomach, back ...
Stress Management and Heart Health: Everything You Need to Know
What school doesn’t teach you is that your smartest financial decision will be to start planning early on. Without this knowledge, many fall prey to believing they will retire soon and live comfortably with accumulated savings. The outcome is that financial security is often put off for later, which inevitably becomes never. Here’s a list of wise financial choices you should make as soon as possible. Finding the Best Life Insurance Finding the best life insurance...
Financial decisions you should not delay while getting Life Insurance | PNB MetLife
Anish had everything going well in his life. He had a good job, a home and he invested regularly. But one day, he got a call from his brother, who said he needed Rs 2 lakh immediately. Anish had no idea where he would get Rs 2 lakh from because his savings account did not have so much money and the rest of his money was invested in medium- and long-term investments. In short, while being prudent and smart with his investments, he had not factored one crucial component: the contingency fund. ...
Why you need a contingency fund and what is the best way to save for it
Investment decisions are among the most critical decisions of life. They not only do support your long-term and short-term goals but also serve as cover against unforeseen circumstances. One such important financial decision is to invest in a long-term savings plan. There are plenty of options available in the market you can choose from to invest in. However, before you make your final investment decision, there are a few things you need to consider to make the right and informed decision. ...
Find out the 5 Best Long Term Investment Options in India | PNB MetLife
When it comes to investments, life insurance often does not feature on the top of most people’s priority list. This is largely because the financial benefits of life insurance and term insurance are often not immediate. After all, a life insurance cover is obtained to secure your future. So, it isn’t possible to experience the immediate financial benefits of such policies in the short run. Aside from the protective cover they offer, insurance policies also c...
Find out Tax benefits of Single Premium Life Insurance | PNB MetLife
Life insurance is perceived more as a way to get tax benefits than a necessary component of one’s life. This is a fallacy that needs urgent correction. Life is extremely stressful for everyone today. Even youngsters are under tremendous pressure to excel at school, while adults are caught up in a perpetual race for success. In the midst of this come unexpected emergencies. These can bring life to a standstill and cause huge financial despair. The people most affected are those who go ...
Life Insurance Investment - A Different View
The primary purpose of life insurance is to offer financial protection to your family by securing their future. But in retrospect, life insurance can also be an efficient way of saving tax. When you invest in life insurance the government deducts the amount of premium you pay for the insurance policy from your tax payments. For a term investment , retirement plan, wealth plan, savings plan or an endowment investment, you can save up your tax on a maximum taxable income of Rs...
How does Life insurance save tax and money?
Can you get tax benefits from your life insurance cover? Read on to discover how. Whenever the financial year ends, there is one concern on most salaried people’s mind: Have I made wise tax saving investments and come up with a solid tax saving plan? There are multiple ways in which you can ensure that your hard-earned money doesn’t get unnecessarily eaten up by huge tax payments. But one of the safest and wisest ways to do this is to get tax benefits from your life insurance c...
Life Insurance Tax Benefit: What are Tax Saving Investments? - PNB MetLife
Generally our families and loved ones depend on our income to fulfil their dreams and for better financial future. Many a time, we make the mistake of looking at life insurance in isolation which leads to a situation of underinsurance, i.e., the coverage amount not being enough to pay for the day-to-day needs and future dreams of those who rely on us for them. Therefore, in order to minimize the impact of unexpected financial vulnerabilities and fulfill saving goals, life insurance ...
Need of Life Insurance Policy at Every Income Level - PNB MetLife
Life insurance is an integral part of one’s life. It takes care of the financial needs of the insured’s dependents even after the insured’s demise. The financial safeguard guaranteed by a life insurance policy ensures a stress-free life and reduces the stress of the family’s future. Besides life cover, retirement planning also is one of the benefits that one can accrue from insurance products. However, when it comes to post-retirement, the common perception is tha...
Reasons to have a life insurance after your retirement | PNB MetLife
The Indian insurance market is growing rapidly, with numerous life insurance companies working round the clock to provide insurance to Indians. Yet, despite years of progress, at least 988 million Indians [1] (75% of all Indians) are not covered by any form of life insurance. And even when they do have insurance, the coverage is not always sufficient. As per the analysis of governmental and market data, an Indian is assured of only 8% of what may be required to protect a family from...
Here`s when and why you should update your life insurance policy
Generally, combination plans entail two different insurance companies joining hands to create a single insurance product with dual benefits. However, a single insurer can also offer a combi plan that offers the benefits of both health insurance and a life cover. Here are some tips that can help you choose the best health plus life insurance plan for you. No Claim Bonus A no claim bonus is a certain percentage of money that is added to your insured sum when you do not make an...
10 Tips to Find Affordable Health plus Life Insurance for your Family
Have you thought about how your family will continue with their current lifestyle if you were not there tomorrow? Will your spouse be able to pay the children’s school fees? Will your parents be able to get the medical attention they require? If not, its not late even now. The primary reason for investing in an insurance plan should be to ensure that the family income is protected even if something unfortunate were to happen to the breadwinner. With the evolution of the financial servic...
How can an insurance policy help protect and bolster your future investments?
There are times when you are faced with a situation where liquidating your assets seems like the best option available. This might be due to a financial emergency, while in other cases you may receive a more lucrative investment offer which makes you relook at your existing portfolio of investments. However, when exiting a life insurance policy, one must consider certain critical factors before making any hasty decisions. It is important to understand that life insurance&nbs...
Life Insurance Surrender - Is it the best Option? - PNB MetLife
A life insurance policy is important because it safeguards the financial interests of our family in the unfortunate event of one’s premature demise, accident, disability. When a family is bearing the emotional strain of the loss of a loved one, an insurance policy makes sure they don’t have to dive into a vortex of financial worries on top of this grief. Thus, there’s no denying the crucial role life insurance policy can play. One such type of the life insurance policy is th...
Is It Better To Surrender Your Term Insurance? - PNB MetLife
The point is, given a choice we’d always want only the best for our families. Similarly, when it comes to term insurance cover, we must not settle for less. Term Plans with Maximum Happiness Quotient Term insurance plans are the simplest and most cost-effective insurance products. These plans are designed to ensure that in the event of the policyholder's death, the family gets the sum assured (the cover amount). Generally, the premium paid in a term plan is counted as mon...
Is it Possible to Cover Your Whole Life with a Term?
With the advent of technology, the startup revolution and the ease of starting our own businesses, the rate of self-employment globally has increased substantially. This coupled with the casual employment industry in the country means that about half of India’s 473 million workers (51%) are self-employed. While there are countless advantages of being self-employed, including independence, potential to grow, higher incomes amongst others, there are also several challenges of the same. ...
Life insurance is a must for the self-employed Here’s why
Life insurance provides financial protection to your loved ones in the family in the unfortunate event of your demise. If you find yourself wondering how your family will survive in your absence, or how they would have to compromise on their life goals and lifestyle, then term insurance is a way out. Uncertainty is a source of major anxiety for most of us, and with the fragility of human life, the anxiety multiplies. We cannot control how the universe works, but we can assuage our worries ...
How much term insurance does single parent needs?
Most individuals aspire to be an entrepreneur or a businessman and break the vicious 9-5 monotonous jobs cycle. They seek independence in professional decision-making. This sense of ownership and responsibility often results in tremendous financial growth both for the person and business. However, this also means that as an entrepreneur, you are entering into a high-risk zone. In order to cushion the risk, mere safeguarding your business is not sufficient, you also need to financially protect...
Why Buying Term Insurance is Vital for Entrepreneurs/Businessmen?
It’s never too late to start looking into habits and strategies that can boost your health. With 2020 rolling around, you’ll find that the time is just right to make some New Year resolutions that can help you adopt healthier habits. In all probability, you may have already made similar resolutions in the past. However, if you’re like most people, you might have found it tough to stick with your resolves as the year progressed. This time around, you can avoid th...
5 ways to improve your health in the next decade- PNB MetLife
Health and wealth are two of the most important components of our lives. Any kind of anomaly in the former can take a toll on the latter. As a result, when it comes to healthcare, the monetary aspect takes a backseat even though medical inflation is at its peak in India. However, one of the best ways to get health protection without worrying much about the finances and budget is by purchasing health insurance. Apart from the comprehensive financial safeguard from health emergencies, these hea...
Section 80D: Everything You Need to About Income Tax Deduction for Medical Expenditure
The modern women are not merely confined to the four walls of their houses. They have been matching their male counterparts in every profession, be it sports, corporate, legal and even defence services. They are also spearheading their way into becoming the earning members of their family, especially where they are the single child, the elder child or a single mother. Therefore, it is quite natural that their life holds financial value to their family members, which is the primary reason why ...
Benefits and importance of life insurance policy for women | PNB MetLife
One of the main reasons for the growing popularity of term insurance in India craze is its low premium. There are many factors that keep the premium of a term plan considerably lower than other forms of insurance. Factors that keep the premium low in term insurance Minimum Bifurcation, Lesser Cost: There are several insurance plans which have a dedicated investment component attached to it. This component comes at an additional charge which is over and above ...
Why is the Premium Low in Term Insurance? Everything You Need to Know About Term Insurance Premium
The saying “nothing is permanent” is best suited to the idea of human life. The unpredictability of life is unending, so purchasing a life insurance policy can help you mitigate some of these vulnerabilities. One of the most dreaded insecurities that individuals face is the threat of financial instability the family might encounter after their untimely demise. It is in this regard that life insurance policies come to their rescue and keep them stress-free for the rest of their lif...
Here is Why You Should Add a Rider to Your Life Insurance Policy
Have some money lying around idle and don’t want the hassle of regularly paying premiums? Then the single premium life insurance is just the insurance policy you should opt for. As the name suggests, under the single premium life insurance you are required to pay a lump-sum amount of money into the insurance policy in exchange for a death benefit that is valid for the policy tenure. In simple words, it is a “fill it, close it and forget it” kind of policy where once the paym...
Benefits of Single Premium Life Insurance and life insurance tax benefits | PNB MetLife
Term insurance plans are one way to ensure financial security for the future. Since the plan has a limited horizon of providing life cover, it becomes an attractive proposition and reduces your costs considerably. Compared to traditional endowment plans, you could get an excellent life coverage term plan at a much lower cost. How can one purchase a term insurance plan? Once you decide to opt for a term plan, you could simply buy the plan online. Buying it online is f...
5 Questions You Must Know When Buying Term Insurance Plans Online
Term insurance provides life cover for a fixed duration and offers financial aid to your spouse, parents and children in case of an unforeseen event. That’s why, we discuss the benefits of term insurance, so you can take an informed decision for your family’s financial security. Reason 1: Your family is financially secure -Term insurance plans ensure your financial stability and offers a financial blanket to your family. An unpaid loan, college fees for kids, fin...
7 reasons to buy term insurance before you turn 30
Today, term insurance plans are most sought after and with the introduction of online term plans, our lives have gotten a lot easier. With the ease of online transactions, financial experts suggest opting for term plans over others as they offer a higher sum assured amount in return of really low premium rates. With the increasing popularity of online term insurance, there is yet a large number of people in our country who are unaware about the various riders that one c...
Online Term Plan With Critical Illness Benefit
Term Insurance Riders are add-on to a term insurance policy that can be drawn on, if and when a certain event or instance is triggered. They allow for financial cover over and above the sum that is normally or initially promised in the said insurance policy. As and when the event for which the rider is purchased is triggered, the claimant of the insurance policy can draw on benefits of the policy.This allows him/her to gain additional benefits. There are different kinds of Term I...
6 Important Term Insurance Riders and Their Benefits
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