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In return, if the policyholder dies during the policy period, their beneficiaries shall be entitled to death benefits in the form of a sum assured. The purpose of a term insurance plan is to protect your family's financial needs in the face of an unpredictable future. With time, however, the term insurance India and other countries offer has evolved in myriad ways, making the choice of a plan quite complex. There are multiple aspects to think about before you zero in on any p...
10 Crucial Things to Remember Before Buying a Term Insurance Plan
It’s no surprise that the big fat Indian wedding is one of the most significant expenditures incurred by Indian families. In the case of the upper-middle-class wedding cost, banquet weddings scale up to anywhere between Rs. 25 and 70 lakhs. How does the expense of one ceremony reach such large amounts? Here’s the cost breakdown for a typical Indian upper middle-class wedding. A significant chunk of wedding expenses is based on the venue selected. These venues are large open spa...
Cost breakdown for upper middle class wedding in India - PNB MetLife
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?
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?
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?
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
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
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