Insurance Planning
Effective insurance planning is crucial for safeguarding your financial future. This section covers strategies to determine adequate coverage, leverage insurance as a financial planning tool, and avoi
31 articles- What is Underinsurance and How to Avoid It? Underinsurance is when you have an insurance policy, but the coverage amount is not enough to cover the full financial loss. This... 5 min read
- Is Your Insurance Coverage Enough? A Simple Check Your insurance coverage is likely not enough if it's just the basic plan from your employer. A proper insurance planning strategy... 5 min read
- Insurance for Retirees vs. Working Adults — Key Differences The right insurance for retirees is materially different from what working adults need. Term insurance becomes optional after depe... 5 min read
- Is a ULIP Better Than a Term Plan? A ULIP and a term plan solve different problems and should not be compared directly. For almost every Indian household, a term pla... 5 min read
- Can I Have Too Much Life Insurance? Yes, you can have too much life insurance. It happens when your premiums are so high they strain your current finances, or when th... 5 min read
- How Much Travel Insurance Coverage Is Enough? For international travel, you should have at least 100,000 dollars in emergency medical coverage and 300,000 dollars for medical e... 5 min read
- Term Insurance vs. Whole Life Insurance: Which is Cheaper? Term life insurance is significantly cheaper than whole life insurance. This is because it provides pure death benefit protection... 5 min read
- The Best Insurance Policies for Senior Citizens The best insurance policy for senior citizens is the Star Health Senior Citizens Red Carpet plan due to its high entry age and sho... 5 min read
- Is your insurance coverage enough? 5 signs you might be underinsured Being underinsured means your policy's coverage is too low to cover the full cost of a loss, leaving you with a large financial ga... 5 min read
- Best insurance for young married couples The best insurance for young married couples is a pure term life plan for each earning spouse, a family floater health plan, and a... 5 min read
- Will insurance payout cover all your debts? An insurance payout does not automatically cover all your debts. The money goes to your named beneficiary, who is not legally requ... 5 min read
- How to choose the right insurance for your business Choosing the right insurance for your business involves assessing your unique risks and understanding different policy types. A st... 5 min read
- Why is my term life insurance so expensive? A high term life insurance premium is usually due to factors like your age, health status, lifestyle choices, and the amount of co... 5 min read
- Do I need more life insurance after getting married? Yes, you almost always need more life insurance after getting married because your spouse now depends on your income, plans, and s... 5 min read
- Should I increase my life insurance after buying a house? Yes, you should almost always increase your life insurance after buying a house. A mortgage is a massive new debt, and your old po... 5 min read
- How to check if your insurance policy is still valid A 10-step check-up to confirm your insurance policy is still valid: portal login, premium history, sum assured, nominee, bank mand... 5 min read
- Insurance for new parents: What coverage changes? Becoming a parent means your insurance needs a major update. You must add your baby to your health policy immediately and signific... 5 min read
- Home Insurance vs. Renters Insurance — Which do you need? Home insurance covers the structure you own plus contents and liability, while renters insurance covers only the belongings, liabi... 5 min read
- Term Insurance vs Endowment Plans: Which is Right for You? Term insurance is pure life cover that offers a large payout to your family for a low premium. Endowment plans are a mix of insura... 5 min read
- How to Choose the Right Amount of Travel Insurance The right travel insurance amount depends on destination health care costs, the non-refundable trip price, your age, and the activ... 5 min read
- Why Over-Insurance Can Be as Bad as Under-Insurance Over-insurance quietly drains wealth just like under-insurance leaves you exposed. Here is how to right-size your cover and stop l... 5 min read
- Is my existing insurance enough for my retirement? Your existing insurance is likely not enough for retirement because your financial risks change completely. A proper Insurance Pla... 5 min read
- Best health insurance for parents above 60 For parents above 60, the best health insurance is a 10-lakh senior policy from a high-claim-ratio insurer, stacked with a 15-lakh... 5 min read
- What are the essential insurance needs for a student? The most essential insurance for a student is health insurance, as a medical emergency can disrupt studies and finances. Other key... 5 min read
- Best health insurance for entrepreneurs The best health insurance for entrepreneurs is one that offers comprehensive coverage, a wide network of hospitals, and flexibilit... 5 min read
- 7 things to consider when choosing a health insurer Choosing a health insurer requires a solid insurance planning strategy. Key factors to consider include the insurer's network of h... 5 min read
- How much life cover for loan repayment? Your life cover for loan repayment should equal your total outstanding loan balance plus remaining interest plus a 10-15 percent b... 5 min read
- 5 things to check before hiring an insurance agent Before hiring an insurance agent, verify their IRDAI licence, professional qualifications, commission disclosure, claim settlement... 5 min read
- Is it worth paying for riders on my insurance policy? Paying for insurance riders is worth it only when they cover specific, personal risks not addressed by your main policy. A smart i... 5 min read
- How to manage insurance as part of my financial plan To manage insurance in your financial plan, start by assessing your risks and determining how much coverage you need for life, hea... 5 min read
- Why my insurance payout is less than expected An insurance payout is often less than expected due to factors like underinsurance, deductibles, policy exclusions, and depreciati... 5 min read