IRDA (Insurance Regulatory & Development Authority) protects the interests of the policyholders, to regulate, promote and ensure orderly growth of the insurance industry.
Click on the image to enlarge.
Friday, February 5, 2010
Education time: Why do I need Insurance?
IRDA ad published on 04 Feb '10 to spread insurance awareness.
IRDA (Insurance Regulatory & Development Authority) protects the interests of the policyholders, to regulate, promote and ensure orderly growth of the insurance industry.
Click on the image to enlarge.
IRDA (Insurance Regulatory & Development Authority) protects the interests of the policyholders, to regulate, promote and ensure orderly growth of the insurance industry.
Click on the image to enlarge.
Wednesday, January 20, 2010
What is Term Insurance?
Term life insurance or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term.
After that period expires coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments and/or conditions.
If the insured dies during the term, the death benefit will be paid to the beneficiary.
Term insurance is often the most inexpensive (cheap) way to purchase a substantial death benefit on a coverage amount per premium dollar basis.(Source: http://en.wikipedia.org/wiki/Term_life_insurance)
After that period expires coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments and/or conditions.
If the insured dies during the term, the death benefit will be paid to the beneficiary.
Term insurance is often the most inexpensive (cheap) way to purchase a substantial death benefit on a coverage amount per premium dollar basis.(Source: http://en.wikipedia.org/wiki/Term_life_insurance)
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