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One of my client, called me sounded worried. His father, who was retiring in two months after an illustrious career in a private sector bank, would be exposed to medical expenses after his retirement. I explained to him that he can take a medical insurance policy and I also told him to pay the premiums […]
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The purest form of insurance is term insurance. This covers the risk of death of the insured, so as to provide the dependents with a financial safety net. Inspite of the extreme importance of this kind of cover, it is a plan which is rarely sold by insurance agents. Why do you need term insurance? […]
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Eligible end Use of Funds: The Loan amount under Reverse Mortgage can be used for the following purposes: Up Gradation, Renovation or Extension of Residential Property. Medical emergencies. Supplementing Pension Income. Other Genuine need. Please note that this loan can’t be extended for Speculative or Business purposes. Must Read: What is Reverse Mortgage Which Institutions […]
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What is reverse mortgage? is a very common question asked by most of clients these days. So lets check what really Reverse Mortgage means and how it can help retired people in their golden years. Have you ever met a person who’s spent his whole life paying EMIs of home loan, car Loan, Personal Loan […]
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Mis-selling of insurance products is rampant in our country. Here’s are a few thoughts to protect yourselves. The new regulations coming into effect from September 1, 2010 in the insurance industry is most certainly a welcome change. But in the short-run, it is leading to considerable mis-selling by agents. In fact, it has become a […]
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