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7 reasons to buy term insurance before you turn 30 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, financial ai...
7 reasons to buy term insurance before you turn 30
7 reasons to buy term insurance before you turn 30
Source: PNB Metlife
18/03/2022 9:19:13 AM
Most common term plan options available for us to choose | PNB MetLife You may have come across the terminology called “term insurance plans”. Term insurance or term plans are a type of life insurance policy where the insured has to pay premiums for a fixed term or period in exchange for a sum assured or death benefit that their beneficiaries can claim provided the insured meets with an untimely death during such a term. Term insurance plans provide a relatively higher sum assured or death benefit on its premium payout as compared to the other plans....
Most common term plan options available for us to choose | PNB MetLife
Most common term plan options available for us to choose | PNB MetLife
Source: PNB Metlife
17/03/2022 12:34:58 PM
Benefits of Single Premium Life Insurance and life insurance tax benefits 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
Benefits of Single Premium Life Insurance and life insurance tax benefits
Source: PNB Metlife
17/03/2022 12:21:13 PM
What is the Difference between Term Insurance and Whole Life Insurance? Life insurance is a great way to secure your loved ones and provide for their needs. Life insurance plans are cost-effective and safe. Moreover, they offer many tax benefits. There are different types of life insurance plans in the market, and their suitability can depend on your needs and goals. Term insurance, especially family term insurance and whole life insurance plans are two of the most sought-after life insurance products. These plans can offer financial protection to your lo...
What is the Difference between Term Insurance and Whole Life Insurance?
What is the Difference between Term Insurance and Whole Life Insurance?
Source: PNB Metlife
2/02/2022 10:36:29 AM
Learn Why the Renewal of Term Insurance Policy is Equally Important To mitigate the different risks in life and protect yourself and your family against financial pitfalls, you plan and take suitable steps, such as saving and investing your money in the right avenues. In this regard, life insurance plans a fruitful investment that aims to financially guard your family if you are not around to look out for them. The ethos of a term insurance policy is to compensate your loved ones financially in case of your untimely demise during the term in...
Learn Why the Renewal of Term Insurance Policy is Equally Important
Learn Why the Renewal of Term Insurance Policy is Equally Important
Source: PNB Metlife
27/01/2022 1:22:26 PM
Advantages and Limitations of Term Life Insurance The uncertainty of life can be troubling when you look at the smiles and cheer of your loved ones. You want them to be happy and secure always, even when you are not around. For this purpose, it is important to create a sound financial plan for the future. A crucial part of your financial plan is buying a life insurance policy to ensure your family's financial safety and well-being. Securing their future for when you are not around can give you a sense of relief and satisfaction today. ...
Advantages and Limitations of Term Life Insurance
Advantages and Limitations of Term Life Insurance
Source: PNB Metlife
27/01/2022 1:02:39 PM
5 Reasons to Buy a Term Insurance Plan at a Young Age A term insurance policy is considered a necessity for everyone. Regardless of your age, it can be beneficial to buy term insurance since it secures your loved ones in your absence, offers you protection from critical illnesses with riders, and guarantees peace of mind. However, purchasing term insurance at a young age can further strengthen and enhance its benefits. Here are 5 reasons that explain why you should buy a term insurance plan early in life: 1. You will get lower premiums Th...
5 Reasons to Buy a Term Insurance Plan at a Young Age
5 Reasons to Buy a Term Insurance Plan at a Young Age
Source: PNB Metlife
27/01/2022 12:59:20 PM
How can you Increase your Cover Amount for Term Insurance? Life is constantly changing, and so are your financial needs. If you have invested in a term insurance plan early in life and over the years, have realized that your loved ones need more financial security, you can always increase the sum assured amount. With age, your responsibilities also increase, and you might want to offer additional protection to your family in your absence. Read on to know how you can increase the cover amount of term insurance plans. How to increase your co...
How can you Increase your Cover Amount for Term Insurance?
How can you Increase your Cover Amount for Term Insurance?
Source: PNB Metlife
27/01/2022 12:41:10 PM
The top tax saving instruments under sections 80C and 80CCD When you earn a promotion, and obtain a hike in your salary, it’s always a reason for celebration. However, as your income grows, it’s also accompanied by a higher tax liability. Fortunately, the Income Tax Act offers a number of provisions to reduce the impact of higher taxes. By getting to know these provisions better, the average taxpayer can take advantage of the many tax-saving investments mentioned in the Act. Investment under 80C and 80CCD is one of the easiest ways to m...
The top tax saving instruments under sections 80C and 80CCD
The top tax saving instruments under sections 80C and 80CCD
Source: PNB Metlife
19/04/2021 4:07:44 PM
Term Insurance for Seafarers - Term Insurance for Mariners PNB MetLife A sailor’s life is always uncertain, always on the move. You never know how many months you’re at sea and from which port you’ll have to move to next. Difficulties pertaining to your very existence also come into place numerous times since the sea may not always be smooth and calm. So, how does one sail through the rough tides of uncertainties while being at sea? How do you protect your family in the best way possible when you’re a sailor? The answer is the right in...
Term Insurance for Seafarers - Term Insurance for Mariners PNB MetLife
Term Insurance for Seafarers - Term Insurance for Mariners PNB MetLife
Source: PNB Metlife
19/04/2021 3:58:08 PM
Is It Better To Surrender Your Term Insurance? - 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
Is It Better To Surrender Your Term Insurance? - PNB MetLife
Source: PNB Metlife
19/04/2021 2:15:03 PM
Why Buying Term Insurance is Vital for Entrepreneurs/Businessmen? 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?
Why Buying Term Insurance is Vital for Entrepreneurs/Businessmen?
Source: PNB Metlife
30/10/2020 5:54:06 PM
How much term insurance does single parent needs? 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?
How much term insurance does single parent needs?
Source: PNB Metlife
30/10/2020 5:48:28 PM
Term Insurance: How Big Should Your Cover Be? The uncertainties of life spare no one, whether you are a high-earning individual or belong to a middle-income group. However, the insurance coverage can at least reduce the financial burden that that befall your loved ones after such unwanted eventualities. But there is one thing that needs to be considered so that you are perfectly protected under your term insurance - the size of your cover. No matter how good your insurance policy is or how credible your insurance provider, the ...
Term Insurance: How Big Should Your Cover Be?
Term Insurance: How Big Should Your Cover Be?
Source: PNB Metlife
30/10/2020 5:17:51 PM
Basic guide to understand Term Insurance maturity benefits | PNB MetLife As the name suggests, term insurance is a protection plan for a specified term for your family and loved ones. This life insurance plan is a necessity to protect your family from any unforeseen circumstance that can lead to loss of income; i.e. it protects them from any unlikely future financial difficulties. This is basically termed as “sum assured”, or the fixed amount that the family is assured in case the policyholder passes away.  However, since term in...
Basic guide to understand Term Insurance maturity benefits | PNB MetLife
Basic guide to understand Term Insurance maturity benefits | PNB MetLife
Source: PNB Metlife
27/10/2020 11:13:23 AM
Things to keep in mind while choosing the Perfect Term Plan | PNB MetLife We all want the best for our family, and we work hard for it, pray for their welfare, and try to protect them from all harm to the best of our abilities. But what about their welfare in your absence? Ensuring financial security and protection for your family, even when you aren’t around, is also a means of safeguarding their interests. One of the most affordable ways to ensure your family has a secure financial future is to opt for a term plan. Through, a term plan you have to pay ...
Things to keep in mind while choosing the Perfect Term Plan | PNB MetLife
Things to keep in mind while choosing the Perfect Term Plan | PNB MetLife
Source: PNB Metlife
27/10/2020 11:11:18 AM
Term Insurance Plans - The key to secure your family`s future A term insurance plan can secure the future of your family. A term policy is a form of life cover which gives coverage against the risk of loss of life within a defined period. Term plans are specifically designed to secure your family’s needs in case of death. Term insurance plans can be regarded as insurance in the purest sense and such plans have been a much favoured form of insurance for those looking to provide security to their loved ones in the future. The primary fe...
Term Insurance Plans - The key to secure your family`s future
Term Insurance Plans - The key to secure your family`s future
Source: PNB Metlife
20/10/2020 6:56:29 PM
Ideal Duration to consider when opting for a term insurance policy | PNB MetLife Having an extremely short tenure for term insurance may not always be the right decision and defeats the very purpose of the term insurance concept. Whereas, if it is longer than required; then you may land up paying a higher number of premiums. Therefore, the term insurance duration is a critical aspect to consider when opting for this instrument.   Term Insurance Policy – Meaning and Benefits: First, you need to understand what a term insurance policy is. Term in...
Ideal Duration to consider when opting for a term insurance policy | PNB MetLife
Ideal Duration to consider when opting for a term insurance policy | PNB MetLife
Source: PNB Metlife
20/10/2020 6:47:51 PM