Term Insurance

Get a sensible image of what you will need in retirement by observation what you pay nowadays.

Your 50’s can be a time of transition – your kids may be starting university or moving out, your earning power has magnified.

your mortgage could also be paid off and you’re getting down to rely on retirement over ever.

Carefully coming up with the money aspects of your retirement will increase the probabilities that you just can have the resources to sustain yourself throughout your retirement years. Any sensible budget ought to take into consideration each your anticipated financial gain and your expected expenses.

Assess your goals for your retirement pursuits. Obtain the help of wish financial Advisors for free help informative your values and interests.

Looking on however you propose to pay your retirement years, the price of those activities will raise the quantity of cash you wish to possess saved for retirement considerably.

It is conjointly essential after you rely on retiring that you just have interests and hobbies you’d prefer to pursue. After you shut down, you get important amounts of your time back.

1.Track your current living expenses:

Get a sensible image of what you will need in retirement by observation what you pay nowadays. Consider any decreases in expenses you may expertise like the prices of travel, your work wardrobe, and the other job-related expenses.
At constant time, don’t become value foolish. you may need to set up for extra expenses for travel, eating out, hobbies, athletic activities and alternative retirement interests and pursuits further as any aid coverage.

2.Go for tax effectiveness:

Try and maximize your registered retirement savings set up, tax-exempt bank account and (if available) voluntary contributions to a workplace retirement plan. conjointly keep in mind that earning dividends and capital gains in non-registered plans can keep extra money in your pocket than interest financial gain.

3.Adjust your portfolio:

As you close to retirement, take into account allocating additional of your assets towards investments that offer safety and capital preservation, whereas maintaining some growth-oriented investments to assist meet your long-run money goals. Your authority can assist you to realize the correct combination for you.

4.Assess your insurance wants:

From incapacity and important insurance to business and insurance, rely on protective what’s valuable to you and your family. What coverage does one need? however much? conjointly begin considering future long-run care and the way you’ll fund it.

Free Financial Advice on any Investment for 50’s = by Certified Financial Planners Press Below Button

click-here-moneymindz

For More Information:

 

*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

(Or) Download Our MoneyMindz-Financial Freedom APP

Read more

things-you-should-consider-before-buying-tern-insurance-moneymindz

Things-you-should-consider-before-buying-tern-insurance-Moneymindz

If you are planning to buy a term plan in upcoming weeks, then you are at the right place, because today Moneymindz Certified Financial Planners (CFP) will share dozens of points which any term plan buyer should know before they buy the cover. So, if you have no idea of how does term insurance work, and if you have asked yourself – “Which term plan should I buy?”.

Most of the buyers who are new to term insurance plan do not understand various critical facts and points which they should consider while they are buying the policy and because of that, I came up with this checklist which will help you.

1. How Must Early you buy term insurance plan, better it is

2. Buy the term insurance plan policy only until your retirement age

3. Don’t get mislead by “per day premium” marketing gimmick

4. Don’t buy single premium policies

5. Take increase in premiums in a positive manner

6. Don’t get over excited by term insurance riders

7. Buy the basic version of the term insurance plan

8. Tell them if you are smoker/alcoholic

9. Don’t hide your health information

10. Don’t hide your family health history

11. Don’t take small insurance cover (like 10-20 lacs)

12. Don’t overanalyze and delay your decision

13. Don’t forget adding nominee name

14. Don’t take more than 1-2 policy

15. Disclose old insurance policy

16. Be open to try online brokers

17. Check the policy papers once you get it

18. Don’t fall for “10 times of Income” marketing

19. Choose a strong and good brand while choosing Insurer

20. Communicate to your family that you bought a term plan

Free Financial Advice on Term Insurance by Certified Financial Planners Press Below Button

click-here-moneymindz

For More Information:


*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

(Or) Download Our MoneyMindz-Financial Freedom APP

Read more

India First Free Online Financial Advisory Portal, India First Free On-call Financial Advisory Portal, Best Free Financial Advisory Portal

India First Free Online Financial Advisory Portal, India First Free On-call Financial Advisory Portal, Best Free Financial Advisory Portal

This World Tourism Day, whenever you travel, wherever you travel, remember to:
RESPECT NATURE,
RESPECT CULTURE,
RESPECT YOUR HOST.

Only one life that we all live for, travelling around this wonderful world is very interesting.When planning to visit cities across, firstly I am overwhelmed to plan out things to start and end off.

For example: How do I travel, Where do I live, What outfits are comfortable, so many.Also once selected the city I look for the best part to visit.To go ahead with my journey I would like to make my self-aware of three important things.

For example: How do I travel, Where do I live, What outfits are comfortable, so many.Also once selected the city I look for the best part to visit.

To go ahead with my journey I would like to make my self-aware of three important things, Such as:
1.A good job, with good saving.
2. Comfortable in Language.
3. The Culture/Tradition of place.

1.A good job, with good saving:

This is because it lets me gain my freedom of travel.It helps me out to be independent.The job that gives me satisfaction, is the one that is good for me.My hard work is the money I earn as my reward.To make this reward a memorable one.I got to invest in TRAVEL INSURANCE because I Love travelling.

2. Comfortable in Language:

Once I have decided on the place, I need to know at least the common language, or the basic local language, to survive and enjoy the journey.

Now, you might think why language is so very important, its because if you want to order some food, you want to ask someone for direction, Yes! The direction is provided by Google, but how far it helps you out. Travelling interaction makes the ride more fruitful.

3.The Culture/Tradition:

Getting along the way is not, knowing the culture and tradition of the place are important, to make you more comfortable in adjusting the surrounding. The way you dress would be judged by the society according to their culture.

Thus, the comfortable dress that you wear, would make you comfortable during the travel. Moreover, you can be polite to people around, the place during any kind of interaction.

COVERING THE BIG AND LITTLE THINGS IN TRAVEL INSURANCE:

8 Keys of Travel Insurance to know:

1. Overseas emergency medical assistance
2. Accommodation and travel expenses
3.Resumption of journey
4. Hospital cash allowance
5. Accidental death
6.Cancellation fees and lost deposits
7. Alternative transport
8. Personal liability

TRAVEL, ENJOY AND RESPECT.
Happy World Tourism Day!

 

Free Financial Advice on Travel Insurance by Certified Financial Planners Press Below Button

click-here-moneymindz

For More Information:


*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

(Or) Download Our MoneyMindz-Financial Freedom APP

Read more

Money doesn’t bring happiness and creativity. Your creativity and happiness brings money.
Freedom is the ability to spend your time and money as you see fit. Financial freedom enables you to not only grow your business and pay your employees, but to also give your family the quality of life you want for them. Freedom enables you to invest time in causes that matter to you, whether that is with your family, friends or hobbies.

We, have introduced our very own financial freedom app:

one place to manage all your finances with ease. Financial Freedom is the free Financial Adviser, money manager and financial tracker app that does it all. We bring together your Expenses, Income and investments so you know where you stand. See what you’re spending, where you can save money, and stay on top of bill pay like never before. You can even keep track of your Money and get tips and advice to help improve it for free and be educated on every investment you make.

Moneymindz takes you to a real short story:

My father was a teacher. Growing up, our basic necessities were always taken care of, but my father had to take additional jobs to earn extra money to supplement his teacher’s salary. As I became older, I knew that I wanted to ensure I had a career which enabled me to go beyond providing for my family’s basic needs, but to give us a lifestyle where money was not an issue. Now, I am an business man, I love to enjoy my life outside, but I considerate , not to disturb my wife and my kid freedom, I give them all necessities they want, my kid getting good education. As well, I stronger believe in Term insurance  because I am earning, as well investing for future, so even when I am not there I am sure the money that I invested on my family will support them to live the same life I am giving them now.

Real Estate: “Get Free from your Rental House.”

Urban areas face daunting economic challenges that have increased in scope in recent years. At the same time, cities provide exciting opportunities for growth and revitalization. In addition, the potential effectiveness of many fiscal options is unknown, and the connection between economic effectiveness and political feasibility is sometimes overlooked. Many youths when relocate themselves to any metropolitan cities like Kolkata, Mumbai, Chennai, Bangalore etc.. are facing problem to get a house, while we have an Real Estate ,

We at moneymindz help customers to seek in APARTMENTS, VILLA & STUDIO APARTMENT, Life insurance, loan Assistance, Retirement PlanningMoney Management, Investment Advisor, Retirement Planning , Best Health insurance

Free Financial Advice on GST  on Real Estate Investment by Certified Financial Planners Press Below Button

click-here-moneymindz

For More Information:


*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

(Or) Download Our MoneyMindz-Financial Freedom APP

Read more

Today’s senior citizens definitely have more savings and investments compared to their parents, when they were retired, but the cost of living has multiplied manifold. Many of today’s retirees, unlike their parents, do not want to be financially dependent on their children’s earnings. While lifespan has increased, sky rocketing healthcare costs are also a serious concern for senior citizens. For senior citizens the four main investment considerations are:-

    • Protection of capital
    • Liquidity of investments
    • Reducing income tax
    • Keeping up with inflation

In this article we will discuss investment options for senior citizens keeping in these key investment considerations.

Senior Citizens Savings Scheme (SCSS):

This is one of best risk free investment schemes for Senior Citizen. The minimum investment limit in this scheme is 1,000 and the maximum limit is 15 lacs. This investment qualifies for deduction under Section 80C of the IT Act. From a liquidity perspective, the scheme has a period of 5 years and carries an interest rate of 9%, one the highest applicable rates for similar instruments.

A penalty of 1.5% per cent is levied on the amount deposited, in case the deposit is withdrawn before 2 years and 1% if the amount is withdrawn after 2 years, but before the expiry of the term of the investment. While the returns of SCSS are taxable, if the returns from this instrument do not exceed the basic exemption limit of 3 lacs, seniors stand to earn tax-free returns.

Seniors who have their immediate liquidity concerns addressed though other instruments, should try to maximise investments under this scheme using their surplus funds, since this offers attractive returns and capital safety.

Post Office Monthly Income Scheme (POMIS):

This has been a popular investment option with senior citizens for many years. POMIS offers guaranteed 8.5% annualized returns to investors. The maturity period of these schemes is five years. Premature withdrawals are subject to a deduction of 2% of the amount invested if such a withdrawal happens within three years of investment. After three years, the amount of deduction is 1% of the amount invested.

The maximum investment limit in POMIS is only 4.5 lacs in one account in POMIS or 9 lacs if the investor is investing in a joint account. There is no Section 80C benefit for POMIS investment. The interest income from POMIS is taxed as per the income tax slab of the investor. With rising cost of living seniors cannot rely on solely POMIS for their income needs. Nevertheless POMIS remains a good risk free investment option for senior citizens

Bank and Company Fixed Deposits:

Bank Fixed Deposits have always been seen as offering with safety and convenience. Currently the interest rate is in the range of 8 to 9.1%. However, the interest rates are likely to go down in the future as Reserve Bank India implements monetary policy easing. Investors should enquire about interest rates from multiple banks because it differs from bank to bank and can make a significant difference to the final return to the investor.

Interest earned by FDs is fully taxable at the applicable slab rate and tax is deducted at source. Fixed deposit issues from various companies offer higher interest rates than bank fixed deposits. However, such issues are limited and investors should note that they carry credit risk. Investors should check the credit rating of the companies before investing in the company FDs. Fixed deposits from companies rated AA and above are pretty safe and carry low default risk. Investors should be on the look for such issues, as these are good investment options.

Post Office Time Deposits:

Post Office time deposit is in many ways similar to Bank Fixed Deposits. The current annual interest rate for the five year time deposit is 8.4%. Minimum investment is 200, and there is no upper limit. Post Office Time Deposit qualifies for Section 80C deduction under Income Tax Act. The interest on Post Office Time Deposit is however fully taxable, as per the income tax slab of the investor

Mutual Fund Monthly Income Plans:

While capital safety is an important consideration when you are retired, with increasing life spans and high inflation, you cannot totally ignore equities. Mutual fund monthly income plans are excellent investment options for generating higher returns on your investment with limited risks. These plans invest 20 – 30% of their portfolio in equities, to boost the interest earned from debt investments with higher equity returns. 

Liquid funds:

Senior citizens should consider liquid funds as an alternative to savings bank. While having an emergency fund parked in savings bank is essential from a financial planning perspective, if you can wait for a day to withdraw the funds, liquid funds are an excellent alternative to your savings bank account. While savings bank interest is usually around 4%, liquid funds provide returns in the region of 8 – 9%. Every bit of extra income is very useful for senior citizens. 

For More Information:


*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

Read more

The family of Mr. Amid was left bereaved when he lost his life due to a sudden heart attack early in the morning. He was only 65 and the sole bread earner of the family and used to make his financial decisions himself. Though the emotional loss incurred to the family was insurmountable, the family was relieved when they found that Mr. Amid had made enough financial provision for the family to cope up with a situation like this.

Did you know how Mr. Amid managed that?

Mr. Amid invested in a term insurance plan when he was working and this insurance plan came to his family’s rescue when he suddenly died that morning. The family made the claim to the insurance company who promptly paid the life cover amount to the nominee of the policy, Mrs. Amid.

As we can see from the above example, a dire financial crisis was averted due to the prudent decision taken by Mr. Amid which protected the family financially.

Sounds like a nice story, but did you grasp the crux? It was a term insurance plan which played the hero and saved the family from the financial crisis. Though the loss of an individual’s life cannot be compensated by any amount of money, the term insurance plan aptly compensated for the financial loss which otherwise would have accrued.

Does your story too have a term plan hero? If not, you must have one, else the ‘unawareness about term plan’ villain might write a tragic end to your story! But before that, let us understand what a term insurance plan is?

What is Term Plan?

A term insurance plan is pure protection insurance plan which is taken for a specified period. During the policy term period, if the life assured dies, the sum assured is paid to the nominee. The sum assured is the amount of life cover which is taken at the time of buying the policy. The benefit under the plan is payable only if the person insured dies. If the plan completes the stipulated term and the life assured is surviving then the plan matures and no benefit is paid.

Therefore, we can conclude that term plans are pure protection life insurance plans which provide coverage against the risk of death.

The common features of a Term Plan

There are some common features of the term plans as given below irrespective of the different variant that it might offer to the policy holders.

  • Nature of the plan

Term plans are traditional life insurance plans which are not linked to market returns and they provide only a fixed benefit, i.e. payment of sum assured in case of unfortunate death of the policy holder.

  • No bonus payment

Term plans are non-participating plans and do not pay any kind of bonuses or maturity benefits unlike other traditional plans like, endowment or money back plans.

  • Plan tenure

Since these plans are designed for life protection purposes only, the tenure offered under these plans are usually long. A maximum of 30 or 35 years can be opted as the coverage term under term plans or life coverage till age 70. Some Companies, however, offer coverage till age 75.

  • Death benefit

Normally, term plans pay a lump sum benefit equivalent to the life risk cover, in case of the life assured’s death. Some term plans, however, returns the premiums paid in case the life assured survives till end of the policy term.

Some insurers have also launched plans wherein the death benefit is paid in monthly instalments post death of the life assured, to the nominee for a specified tenure. Thus these plans endeavour to provide regular income to the insured’s family which helps meeting day-to-day expenses.

  • Buying channels

Term plans though sold by all the sales channels like, Life Insurance agents, brokers and banks, it has become more popular as prospective buyers are buying the term plan online due to the low cost. You can visit the insurance company website and buy the term plan with a few clicks and pay the premium online.

The advantages of term plan

As you know, term plans are pure life protection plans and therefore it focuses only on the core of the insurance concept. What is the premium and what is the quantum of the life insurance cover.

  • High Sum Assured levels

The maximum amount of life coverage or sum assured that you can opt under a term plan is limitless. If you can pass through the policy underwriting norms of the company, you can avail very high levels of sum assured. Whether coverage you want, say Rs. 50 lakhs, Rs. 1 crore or Rs. 5 crore, a term plan would allow you this coverage subject to your financial underwriting.

  • Lowest premiums

The term plans are darling of the policy holders when it comes to choosing a high level of life coverage as the term plan premiums are the cheapest compared to any kind of life insurance policies. No other plan of life insurance can promise such high levels of coverage at such low rates of premiums.

For More Information:


*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

Read more

One day I was discussing with my friend about term insurance plans in India. Our thoughts were so different about the term plan that we nearly had a tiny fight.

But the end was meaningful. Both of us agreed on a point with a conclusive evidence.

No financial plan can be complete without inclusion of a suitable life insurance. According to me, term plan provides the best life cover compared to other endowment plans. But my friend did not agree with my concept.

I was more than convinced that a term plan is a necessary inclusion, but my friend considered term insurance plan as a mere cost.

My friends point about term insurance plan was, as it has no maturity benefit, after expiry of the policy term all money is lost.

To an extent this point of view is not wrong, but it has less depth. Lets see how.

What is a term plan?

Term plan is a life insurance policy which is very cost effective for the policy holder. Term plans provides insurance cover for the policy holder. In case of demise of the policyholder while the policy term is valid, the beneficiaries get an insurance benefit.

The insurance benefits are paid in monetary terms. The sum assured (insurance cover) is a pre decided value which is paid to the beneficiary.

But what happens if the policy expires and the policy holder is alive? In this case the sum-assured is paid to no one.

 ➡ See the claim settlement ratio

Term plans in India are offered by several companies. How to identify the best term plan out of all?

“Claim settlement ratio” is indicated in percentage, highlights the number of death claims settled by insurance company.

In terms of claim settlement ratio, Life Insurance Corporation of India scores the best rank with 98.14% claim settlement ratio. The second is Bajaj Allianz Life Insurance scoring 98.10% in claim settlement ratio. The third is Max Newyork Life Insurance scoring 96.23% in claim settlement ratio.

 ➡ Check insurance premium

This check is important from point of view of term plan users like you and me.

The terms plan which charges lowest premium for the same life cover becomes most desirable.

I think, no sane person will contest this fact that life cover is a must for all family. And there can be no more-economical life insurance plan than term plan.

Term insurance plan offers much bigger cover (compared to traditional endowment policy) for the same premium payment.

Hence term plan is best type of life insurance that people can avail.

Now I asked my friend which completely changed his point of view about term insurance plan?

If something happens to the bread earner of the family, how long Rs.220,000 will last in today terms? Probably not more than 3-4 months.

On the flip side, if there was a term insurance plan in place, the family would have received Rs.1.0 crore as a death benefit.

No points for guessing that when circumstance goes south, term insurance plan can provide fantastic protection. But without a life cover, accumulated amount through savings may not be enough.

Final Words…

If life was more certain, term insurance plans would look like a useless product. But knowing life the way it is (full of uncertainty), there can be not be an insurance product more apt than a term plan.

It is not fair to tag term plans as an ‘expense’, its one of the best saving tailor made to manage a case of extreme emergency.

A suitable life cover can help take care of daily needs of the family. Essential family expenses like home loan EMI, school fees, monthly grocery, utility bills etc are taken care by death benefit provided by term plan.

For More Information:


*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

Read more

India First Free Online Financial Advisory,  India First Free On-call Financial Advisory, Best Free Financial Advisory

India First Free Online Financial Advisory, India First Free On-call Financial Advisory, Best Free Financial Advisory

Term Life Insurance plans in India are the most basic, effective and important Insurance Plan for an individual. Term Insurance Plans are basically protection plans and designed to protect your family against unforeseen circumstances by providing them financial security. It is the most recommended Life Insurance Plan by financial planners, Insurance Industry experts and renowned Life Insurance Advisors as securing the future of one’s family is the most important goal of life.

Now Let us see what the benefits of a Term Insurance Plan are and why it is so highly recommended.

What are the benefits of a Term Insurance Plan

    • Lowest premium

      Term Insurance Plans allows you to have the highest death benefit or life cover in lieu of a very low premium. This is possible because unlike other insurance plans, it is pure death protection plan with no ancillary benefits attached to it. If you compare the premiums of any traditional plan with that of term insurance plan, you will find that the term insurance plan premiums are the cheapest.

    • Lower tenure

      Term Insurance Plans can be taken for shorter tenure also. For example – you are aged 30 and have taken a home loan for 50 Lakhs for 15 years. In that case, you can take a term insurance plan of 50 Lakhs for 15 years tenure. This is just to ensure that during the loan period if something happens to you, your family will be able to repay the loan and retain the house.

    • Benefits of starting early

      The premium of term plan depend on your age and the term. If the age is lower and the policy term is high, the premium will be the lowest. Therefore, one should take a term plan at an early age of their working career.

    • Income Tax Benefits

      The policy holders can avail a tax rebate on the premiums paid upto 150,000 per annum under Section 80C of the Income Tax Act 1961. The maturity benefits paid (in case of term plans with return of premium) is also tax free under Section 10 (10D) of the income Tax Act 1961.

      Further, the claim amount received by the nominee, in case of policy holder’s death is also tax free in the hand of the recipient.

    • Longer tenure

      Term plans can be taken for a long period of time. Generally the term plans can be taken upto the age of 70, some companies allow taking the life cover upto 75 years of age. With growing life expectancy rate in India, it make sense to take life cover till age 75 through a term insurance plan.

    • Fixed premium

      Once the Insurance Company accepts your policy against a certain premium, it will never revise or change the premium during the policy tenure even if you survive till end of the policy term.

    • Peace of mind

      Our responsibilities keep increasing as and when we start our career, get married and have children. The utmost important things in life are protecting the family from unseen circumstances and provide them with financial security. A term plan with adequate life coverage can assure you peace of mind as you need not worry about the unforeseen circumstances that your family might have to face in future.

    • Continuance of policy

      Sometime it so happens that we are unable to pay our premiums due to financial difficulties. In that case the term plan becomes ‘paid up’. This feature allows the policy to continue, but with limited cover. Normally the life cover reduces with the proportion of premium paid till ‘paid up’ status of the policy.

Now that we have known the benefits of a Term life Insurance Plan, let us see what is the various types of Term Insurance Plans available in India.

Type of Term Insurance Plans

Level Term Plans

This is the simplest form of Term Insurance Plan where the sum assured do not change during the tenure and benefits are paid out to the nominee on the death of the policy holder.

Return of Premium Plans

Unlike level term plans, here the plans have maturity benefit, wherein the premiums are returned to the policy holder if he or she survives till maturity of the policy.

Increasing Term Plans

In this plan, One can opt to increase the sum assured at annual frequency during the plan period while keeping the premiums same. Of course, the premiums of this plan will be different than that of level term plans.

Decreasing Term Plans

The opposite of increasing term plan is the decreasing term plan. Here the sum assured decreases year after year so as to match the decreasing insurance needs of the policy holders. These plans are mostly taken when someone has taken a large home loan or personal loan and paying an EMI. The sum assured decreases with a chosen frequency as and when the EMIs are paid out and the total loan amount keeps decreasing.

Convertible Term Plans

This is a plan offered by some of the Insurance companies wherein a term insurance plan can be taken with an option to convert it into some other plan of your choice at a future date.

For example: You have taken a term plan for 25 years but after 5 years you can covert this into a whole life insurance plan, endowment plan or any other plan of your choice, if you so wish.

Term Plans with Riders

This is a unique plan whereby you can buy riders like, critical illness cover, accidental death cover or disability cover etc. by paying a small additional premium. If you take a rider and opt for premium waiver benefit, then you need not pay the future premiums in case of any eventualities for which you have taken the rider.

For More Information:


*Are you Looking For Free Financial Advice*

*Fill The Form Our CERTIFIED FINANCIAL PLANNER Will Call You Freely*





Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Visit: https://www.moneymindz.com/

Read more