I have a group term life insurance plan. Will this be adequate to meet my family’s financial needs?

I have a group term life insurance plan. Will this be adequate to meet my family’s financial needs?

I’m 38 years old and hold a senior manager position at a mid-sized company. While I have a group term life insurance plan provided by my employer, I’m unsure whether the coverage is adequate to meet my family’s financial needs. How can I assess if the sum assured is sufficient? Additionally, is there an option … Read more

Loan facility for life insurance plans: Know procedure to borrow funds against your policy

Loan facility for life insurance plans: Know procedure to borrow funds against your policy

The Insurance Regulatory and Development Authority of India (Irdai) recently declared that all life insurance savings products should offer a policy loan feature to assist policyholders with their financial needs.  The master circular stated the facility of partial withdrawal under pension products is allowed enabling the policyholders to meet their specific financial needs for important … Read more