Discover and read the best of Twitter Threads about #TermInsurance

Most recents (5)

#maxlife #terminsurance @MaxLifeIns @MaxGroup

If you are considering buying a Term insurance plan to secure the future of your loved ones, do NOT opt for Max Life. A thread....(1/n)
They might have tall claims about the best settlement ratios in the industry, but their application process is super flawed and harassing for the applicant. On the basis of a simple treadmill test, my application was rejected. (2/n)
This put me and my family under extreme stress due to the belief that there is a cardiac condition. However, that couldn't have been farther from the truth. (3/n)
Read 12 tweets
Term Insurance 101 :

"Learn everything about Term Insurance"

A Thread 🧵👇
1/ What is Term Insurance?
In term insurance, the insured person covers himself for a specific period of time. In case, something happens to him during that specific time and the plan is active, then the death benefit is passed on to his nominee.
2/ Assume, that Mr. X has insured himself for 30 years. And, if he dies in the 24th year then the death benefit will be provided to the nominee.
Read 13 tweets
Thread 🧵on Types of #LifeInsurance Policies in India

Must read for everyone, especially youngsters....

(If you like then please re-tweet to maximize reach)

#InvestmentPlanning Image
As promised earlier, I have made this tread explaining basic types of #LifeInsurance policies in #India

1. Term Insurance
2. Endowment Insurance
3. Whole Life Insurance
4. Money-back Plan
5. ULIP

Tweets below will explain all these types of Life Insurance Policies ... 👇👇👇 Image
1⃣ Term Insurance - It is for a specific period of time and has lowest premium among all types of insurance plans.

Premium of #TermInsurance policy once fixed does not increase during term period of the policy.
Read 12 tweets
Term Life Insurance mistakes to avoid
(A thread) Image
#TermInsurance is perhaps the easiest way to protect your family's financial future in your absence. However, while buying a term life insurance or if you have one already, there are a few things that you need to be mindful of. Let's have a look at them
1. Not buying enough coverage to replace income
Never pick a random number no matter how big it sounds. Instead, do your math correctly to find out the coverage you'll need. Things to be considered – future household expenses, your liabilities, important goals, and life events
Read 7 tweets
In order to protect #policyholders #interest against unethical practices & to clear ambiguity #IRDAI is taking steps to curb mis-selling & bring in more transparency, as a policyholder make sure that one fully understand terms & conditions before purchasing #insurance policy.
A #policyholder must ensure if the policy matches his/her needs. They must read the fine print. Keep #insurance & #investment instruments separate & avoid combining the two. A #TermInsurance + #MutualFund is best combo. Remember, #AdviceZarooriHai & #AdvisorZarooriHai. @livemint
The whole purpose of taking an #insurance policy is to take care of the ‘If I die in the policy tenure’ part! Insurance is a pure #RiskManagement tool & is a must. One must be aware of the nitty-gritties of insurance policies. This is where role of a #financialadvisor comes.
Read 4 tweets

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