Gupta Investments Financial Services Private Limited

Do I need Term Insurance? It's an extremely important question that needs thoughtful consideration. In order to answer this question, let's look at the significance of term plans and the best time to get them.  Financial decisions: We often buy products for our family and avoid paying too much for unneeded items. We use a criterion of utility, product quality, etc. while purchasing toothpaste or an automobile. Therefore, it makes sense that we carefully analyze the product's quality and financial returns before we purchase or invest money. In a similar vein, we ought to be cognizant of the monetary value of our lives as individuals. If the cost of a human life is less than your present insurance coverage, you need term insurance immediately.  Loss of income: When we have a cough, cold, fever, or other medical issues, we temporarily relax. Because we are still getting paid, we might not recognize it as a temporary loss of income right now. If these days of temporary income l...

  Introduction As we all know, today we are living in the digital age. The digital revolution is transforming everything in our world from mechanical and analogue to digital form. The mark of this era is our readiness to use digital means to adapt existing practices as well as create new things, processes, and business processes using digital tools to create a benchmark to meet the demands of continuously changing market requirements. About E-Insurance Account (EIA) EIA stands for “e-Insurance Account”. An E Insurance account keeps track of a person's insurance policy portfolio in electronic format through an insurance repository. One can manage and keep track of all life and non-life insurance policies from multiple insurers at one location. All the life and non-life insurance policies which are collectively stored in e-insurance accounts are referred to as “e-insurance policies”. Features of an e-Insurance Account Only one e-insurance account is allowed in an individual’s name. A...

  Policy Term: Premium Paying Term: Commission The previous time, we talked about how changes to the IRDA regulations had impacted bonus entitlements, and minimum death benefits with exclusions. Definition once again Endowment insurance plans are made to pay out a large payment in the event of death, as well as survival, maturity, and profit sharing, if necessary. Policy term Endowment insurance plans are made to pay out a large payment in the event of death, as well as survival, maturity, and profit sharing, if necessary. Premium paying term The Premium Paying Period is the period of time that the policyholder must pay premiums to keep the contract in force. The typical premium payment period is the same length as the insurance term. Yet, some insurance contracts give the insured the option to choose a timeframe for paying premiums that is less time than the policy term. The policy term must be equal to the policy term or less. Under no circumstances may the Insurance Term excee...

Introduction The uncertainty of life is overwhelming. With the current epidemic problem, uncertainty has also shocked the world. In these situations, solid insurance coverage becomes crucial. A breadwinner's main responsibility and top concern are making sure the family will be protected when they are not there. So, life insurance coverage is useful in these circumstances. Nevertheless, what if a calamity occurs and your family is left in financial difficulty because they are not aware of your life insurance policy? After obtaining the insurance, the process is not over. The insured should also inform the family about the policy. Why your family has to be aware of your life insurance policy: - Prior knowledge to understand the claim process and make a timely claim:   The main objective of a life insurance policy is to safeguard the family's financial stability in the case of the insured's demise. However, in order to secure your loved one's financial assistance, you mus...

  Who is a beneficiary? An individual who receives something from a trust, will, or life insurance policy is known as a beneficiary. The term "beneficiary" is not frequently used in India. In a life insurance policy, a beneficiary is someone who has a financial stake in the life of the insured and is entitled to receive the benefits or guaranteed death benefit of the policy in the case of the insured's untimely death. In India, one is required to name a beneficiary who is qualified to collect the death benefit on her behalf while she is away. Any life insurance policy should have beneficiaries added cautiously because doing so could be highly expensive for the policyholder and his or her family. Who can be added as beneficiaries? Two types of beneficiaries can be added to life insurance contracts: - Primary life insurance beneficiary - a person named as a beneficiary in the policy who will be entitled to receive the death benefits in the event of the untimely demise of th...