When you buy a life insurance policy, the most important aspect is choosing the sum assured. Sum assured is the amount that your beneficiary will get if you die during the policy term. Therefore, ...

The sum assured is the amount of money an insurance policy guarantees to pay up before any bonuses are added. In other words, sum assured is the guaranteed amount the policyholder will receive. This ...

The Insurance Regulatory and Development Authority, Irda, announced new product regulations for life insurance policies in April this year. According to the regulations, the minimum sum assured or the ...

Buying a term plan where the sum assured goes up to match the growing responsibilities is ideal for young people. Such a policy helps combat inflation by ensuring that the coverage remains adequate ...

Health insurance has become a must for every one these days. But it comes at a premium. It is gaining traction, more so since Covid outbreak, as individuals are looking for avenues through which they ...

Private insurers see 41 per cent growth in retail sum assured, outpacing premium growth The growth in sum assured in India’s life insurance sector is outpacing the rise in new business premiums (NBP), ...

Life Insurance Corporation of India (LIC) on Tuesday announced the launch of a cancer cover as a health insurance policy with sum assured ranging from Rs 10 lakh to Rs 50 lakh. The 'Cancer Cover' ...

It is a non-linked, non- participating individual savings life insurance policy that provides protection and savings potential during the policy period. This plan offers a guaranteed addition of Rs 75 ...

It is recommended that you have a coverage of 10-15 times your annual income. But your liabilities, current and future expenses, are the main factors that you must take into account while calculating ...