Discover and read the best of Twitter Threads about #lifeinsurance

Most recents (10)

Term #insurance premiums are all set to rise by up to 40% by December.

Here's why.👇(1/n)
For starters, #lifeinsurance companies had a pretty rough year- they shelled out more in COVID-19 claims during the first quarter of 2021 than in the whole of 2020.

In fact, during the second wave of COVID, insurers saw life claims mounting by 5–10 times.
And this kind of stress isn’t good. Because insurance companies (much like people) can’t pay for all these expenses out of pocket. They need insurance too. And the people that insure them i.e. re-insurers are now contemplating drastic action.
Read 7 tweets
A short and brief thread on life insurance and it's market leader in india, #hdfclife
#investors .

Was getting a lot of request to cover this sector.(1/n)
Life insurance is a legally binding contract.
For the contract to be enforceable, the life insurance application must accurately disclose the insured’s past and current health conditions and high-risk activities.
#hdfclife (2/n)
For a life insurance policy to remain in force, the policyholder must pay a single premium up front or pay regular premiums over time.
When the insured dies, the policy’s named beneficiaries will receive the policy’s face value, or death benefit.
#hdfclife (3/n)
Read 11 tweets
Sector Thread (Part 1): The Insurance Industry consists of 2 categories - Life Insurance and General Insurance. A total of 58 companies exist in the Indian Market of which 24 are Life Insurance and 34 are General Insurance companies. There is 1 reinsurance company in India. (1/n)
Industry growth reasons are attributed to four major factors - Product Innovation, Vibrant Distribution Channels, Targeted Publicity and Promotional Campaign by Insurers. (2/n)
There are 3 Public Sector and 3 Private Sector companies listed on BSE and NSE exchanges of India. (3/n)
Read 7 tweets
Did you know your #LifeInsurance claim cannot be rejected after 3 years?

When you buy Life #Insurance, you have to make certain disclosures to the insurer. These include your age, income, policies you’ve already bought, and your current health condition and family history

If any of these details are inaccurate, your claim can be rejected.
However, it can only be rejected within 3 years of buying the policy.

According to Section 45 of the Insurance Act, 1938, insurers only have 3 years to call the facts of a policy in question.

Post this, claims cannot be denied due to misrepresentation.

If a person was disclosed as a non-smoker in 2015, but passes away as a smoker in 2021, their claim cannot be rejected

Learn what your Term Insurance policy covers here:


Read 3 tweets
#LetsTalkMoney by @monikahalan is all about US understanding OUR Needs & Wants, & constructing OUR Money Box.

It helps BUILD a system in place , rather than focusing on a (non existent ) single shot solution.



A 🧵 on it .
Firstly, build your own system to manage Cash Inflows & Outflows .
Find a way that's least troublesome but automatically separates the 2.

#Budgeting & #Allocation must not be a cumbersome task !

Easy bifurcation helps in Better mapping.

A bird's eye view on the same 👇
Moving onto Emergencies . This pandemic has made so many of us realise the importance of it .

Another interesting facet :
Unwillingness to take risks comes from the FEAR of not having money when needed - typically why Bank F.Ds are preferred.

Hence the EMERGENCY fund.
Read 15 tweets
What are the objectives of #lifeinsurance?
Why is #lifeinsurance important?
How much #lifeinsurance do I need in India?
Read 7 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

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
#LifeInsurance #JeevanUmang #Insurance As response to my thread on #healthinsurance a question came: "Sure, wil wait for ur resp. what I am told & if that’s true, then I like it - for 15 yr pay 2 lac PA , life insurance cover would start from day one would be close to 30 lacs,
and from 15 th year onwards I get 2 lac PA till death. In all this yr cover will keep increasing...." from @Parthiv33 . Jeevan Umang is a wholelife policy that gives the benefit of pension without being a Pension policy and therein lies its greatest benefit.
Let's assume a person aged 35 takes this policy with a premium payment term of 25 years - i.e. at 60 premium payment is done and dusted. What will he receive?
From the time he's 60, he will start receiving Rs. 392,000 per annum till he's 99 years of age.
Read 5 tweets
New England Insurance Quotes (Home Auto Business Flood Life)

Save money on all your insurance needs through the Premier Shield Insurance #Agency.…

#Insurance #Quotes #InsuranceQuotes #Home #Auto #Flood #Commercial #PremierShieldInsurance New England insurance quotes home auto business flood Life #
New England Car Insurance Quotes (#MA #CT #NH #ME #RI)

Save money on your car insurance policy with the Premier Shield Insurance #Agency.…

#AutoInsurance #Quotes #AutoInsuranceQuotes #Car #Auto #Automobile #Vehicle #CommercialAuto #PremierShieldInsurance Save money on auto insurance quotes #PremierShieldInsurance
New England Home Insurance Quotes (#MA #CT #NH #ME)

Save money on your home insurance policy with the Premier Shield Insurance #Agency.…

#HomeInsurance #Quotes #HomeInsuranceQuotes #Property #Condo #Insurance #Homeowners #Home #PremierShieldInsurance New England Homeowners Insurance Company #PremierShieldInsur
Read 11 tweets
THREAD- Estate Planning is crucial for #smallbusinessowners. Consider it part of the process of setting up a business. Include any marital agreements. #entreprenuers #entreprenuership #angel #angelinvesting. #vc #vcs #founders #prenup 1/8
Not only would giving estate planning advice on Twitter expose me to lawsuits, it would be practically futile. Business arrangements times family dynamics times changing federal & state tax laws make such public advising futile anyway. #estateplanning 2/8
But here’s what to think through before going to your lawyer. First, estimate the current valuation of the business and what any tax might be to your estate if your dropped dead right now intestate. Your heirs and your spouse? #estateplanning #prenup #prenups 3/8
Read 9 tweets

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