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Life Insurance Basics and Financial Advice Articles

Managing and planning finances can be a challenging task. In this section, we make the task simpler by providing information for a sound financial planning and secured life. The information provided under ‘Insurance Basics & Financial Advice’ is aimed at helping you make an informed choice as per your financial needs. The articles provide an insight into the various insurance categories, financial planning and taxation details.


Know The Different Types of Life Insurance You Can Buy | SBI Life

8 Minute |

different types of life insurance

As the world emerges from the long shadow of the Covid pandemic, people everywhere have realised that life insurance and a secure financial future are key aspects to leading a stress-free life. Increasingly, many are moving towards investments that offer sound returns in the long run and also provide the assurance of life cover.

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need to know about ULIPs

All you need to know about ULIPs

8 Minute |

As the world emerges from the long shadow of the Covid pandemic, people everywhere have realised that life insurance and a secure financial future are key aspects to leading a stress-free life. Increasingly, many are moving towards investments that offer sound returns in the long run and also provide the assurance of life cover.

Read More
Happy Retirement

How Planning for Your Retirement Can Bring You Happiness

6 Minute |

Nothing lasts forever, and the saying holds true even for your career. Regardless of your chosen field of work, there will come a time when you have met all of your professional goals or found satisfaction in your achievements. The question of retirement then starts to loom over every individual.

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Best Life Insurance in 20

Why Buying Life Insurance in Your 20s is The Best Time? | SBI Life

5 Minute |

In youth, when life is on an upward trajectory, it feels like the smooth journey will last forever in the company of our loved ones. Just an accident, illness or misfortune however have the capability to bring all our dreams and those of our family to a grinding halt. This is why the secure blanket of a life insurance plan is important to protect us

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Best Life Insurance Policy

How To Choose The Best Life Insurance Policy in India? | SBI Life

5 Minute |

Life insurance plans are not the sort of product you usually buy more than once for yourself. Most people aim to have one solid life insurance plan in place at any given time in their life.

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Rejoice Fathers Day

Apne Liye, Aur Apno Ke Liye… Papa Hai Na

6 Minute |

There are only a handful of occasions in a year when one can rejoice fathers and their importance in a child’s life. Father’s Day is one of these occasions. This day is a reminder for families around the world to celebrate their paternal figures and tell them how loved they are.

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Reasons to buy Home Loan Insurance

Discover 5 Reasons Why You Need Home Loan Protection | SBI Life

5 Minute |

A lot of people have different opinions when it comes to home loan protection schemes. Some are of the opinion that home loan protection can be clubbed with existing term insurance. Some even state that schemes like these often harm the buyers more than they benefit.

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Personal Accident Insurance importance

Going on a Road Trip? Here’s Why You Need a Personal Accident Insurance

5 Minute |

India is proud to have 53 national highways, making it a great place to plan a road trip. In fact, given the country’s geographic diversity, a road trip in India can be electrifying. It’s even more exciting when travailing along with friends or family who share a passion for adventure!

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Cancer insurance for Critical illness

Because cancer may come without warning

5 Minute |

Though most of us are stoic when it comes to dealing with minor ailments and even major ones like diabetes and high blood pressure, the word ‘cancer’ can worry even the strongest amongst us.

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4 THINGS TO KNOW BEFORE YOU PURCHASE A LIFE INSURANCE POLICY

4 THINGS TO KNOW BEFORE YOU PURCHASE A LIFE INSURANCE POLICY

6 Minute |

You might know how Life Insurance works, but when it comes to making the decision to buy one, you might be getting apprehensive about it. To help you overcome this feeling and get a better understanding of things, let’s look at four different aspects of purchasing a Life Insurance policy.

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IMPORTANCE OF INSURANCE AT EVERY STAGE IN YOUR LIFE

IMPORTANCE OF INSURANCE AT EVERY STAGE IN YOUR LIFE

5 Minute |

With increasing awareness about insurance in the country, the popularity of insurance policies has grown. However, some people are still apprehensive about paying money for something that does not seem to offer quick benefits or immediate results. We explain the need and importance of a life insurance wherever and at whatever stage of life you are in -

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INSURANCE- SHOULD SENIOR CITIZENS PURCHASE IT?

INSURANCE- SHOULD SENIOR CITIZENS PURCHASE IT?

5 Minute |

When it comes to financial planning, you might have invested in insurance and mutual funds to secure your finances. And if you have planned everything right, you are likely to end up with some money after retirement too. This begs the question - what should you do with this money? Should you invest it somewhere? Should you purchase an insurance plan?

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What is the Right Age to Buy Term Insurance Plan?

What is the right age to buy Term Insurance Plan?

5 Minute |

What is the right age to buy a Term Insurance Plan?The short answer: Determining which age is the best to purchase term insurance is quite a daunting process, but it should be given utmost importance when improving the financial status of the loved one. If you are already confused about what age you should purchase a term insurance plan, read this article below to get the benefits of a term insurance plan and which age is most appropriate for buying it.

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Financial Freedom in 40s

How to Achieve Financial Freedom in Your 40s ?

5 Minute |

By the time we turn 40, many of our checkboxes may already be ticked. Many are married and have kids. Most have already chosen their career paths and are well-settled in a satisfying career.

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Filing Tax return for first time

Filing Tax Returns for the First Time - Here Are Things to Remember

4 Minute |

Tax returns filing is that time of the year that makes you go through all your expenses you made this year and reflect on the same. Now, while filing a tax return for the first time, you can do it all by yourself just by gaining knowledge and gathering some information on the same, or by asking for professional help.

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Save Tax with Investment

Tax Savings Options that Help in Investments | SBI Life

4 Minute |

Everyone knows that dealing with taxes requires planning and precision. Understanding the taxation system and organizing your documents accordingly can go a long way in this process. This blog post will focus on different tax savings options in India.

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Things to know before buying life Insurance Policy

4 things to know before you purchase a Life Insurance policy

5 Minute |

You might know how Life Insurance works, but still, be apprehensive about going for it. We address four major concerns that people have when purchasing a Life Insurance policy.

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Financial Immunity with Poorna suraksha

Boost Your Financial Immunity with the SBI Life Poorna Suraksha

7 Minute |

Immunity is your body’s natural resistance to diseases and disease-causing germs, microbes and viruses. A strong immunity not only helps you fight against these diseases and disease-causing pathogens, but it also prevents them from affecting your body.

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How to buy Term insurance Plan

How to buy right term insurance plan

6 Minute |

Term insurance plan is a type of life cover which provides coverage for a definite period of time and if, unfortunately, the insured expires during this term, then his/her nominee is paid a death benefit.

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What is a Pension Plan

What is a Pension Plan Types of Pension Plans & Benefits

6 Minute |

As a salaried employee, you get income in the form of a salary. This continues till you retire. You will receive retirement benefits like the employee provident fund (EPF) and your gratuity upon retirement. These payouts are a one-time occurrence.

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Wealth creation tips

Wealth creation tips that you should know

5 Minute |

Everyone has some goals in their life. Most of these goals require financial resources. Also, almost every individual out there wonders how to increase their wealth. Everyone wants to be self-sufficient and have enough money to fend for themselves and realise their dreams.

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Online VS Offline Insurance

How to pay your SBI Life Insurance premium online

5 Minute |

There are myriad options to choose from, both online and offline when it comes to paying SBI Life insurance premiums. However, with everything easily accessible via the internet, it has become all the more convenient to pay your insurance premiums. You no longer have to visit your bank or the insurance office

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How to plan for education with Child plans

How to plan for your child’s future?

5 Minute |

Having a child is a great responsibility. You need to be ready emotionally for it. But have you considered the financial aspects? When you think about financial planning for children, the question that comes to your mind is- how to plan for your child’s education and marriage.

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Early retirement in 20s

Why the 20s are not ‘too early’ to invest in a Term plan

6 Minute |

Youngsters in their twenties are either in college or just starting their careers. You are young hale and hearty. Saving for the future, retirement planning and financial goals still is not a priority for many. But you either postpone the thought of getting insurance or do not think of it altogether. But it is always advisable to start early.

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SBI Life - eShield Next Term Plan

Level up with SBI Life - eShield Next- a term insurance plan for your every need

8 Minute |

Millennials are always on the run. They’re a generation that knows how to move with the times. However, moving on can have them miss out on ensuring that all their wants are met. Like every generation, millennials also experience the need to settle down, to start a family, or to better their residential options

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SBI Life - eShield Next Term Insurance

How SBI Life - eShield Next Can Help Millennials Secure Their Life as They ‘Level Up’

5 Minute |

If you are a Millennial or a young achiever, you not only need to consider your current needs and lifestyle but also reassess your future goals. This includes many aspects. For instance, you can level up your education through an online certification, to get a job that pays more and provides more satisfaction. You can level up your lifestyle,

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Income Tax Filing

Income Tax eFiling Guide: Everything You Need to Know

5 Minute |

The total income tax returns filed for 2017-2018 increased by 26%, with 99.49 new tax filers, says an article in The Economic Times. This substantial increase in taxpayers shows that people are becoming more responsible citizens of India.

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Life Insurance for Senior Citizens

Understand Life Insurance For Senior Citizens | SBI Life Insurance

4 Minute |

You might have invested in insurance and mutual funds and secured your finances. If you have planned everything right, you are likely to end up with some money after retirement too. What should you do with it? Should you invest it somewhere?

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Critical Illness Insurance Cover

What is a Critical Illness Insurance Cover

7 Minute |

To put into simple terms, critical illness insurance is the arrangement that will provide a certain degree of financial security in case you become gravely ill. This policy pays you a predefined sum if you suffer from a critical illness and get diagnosed regarding the same.

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Term insurance vs endowment

Term Plan Vs Endowment Plans

5 Minute |

A sturdy foundation for financial management requires smart decisions and risk assessments. Individuals mulling over providing a means of security to themselves and their families are often confused between a term plan and an endowment plan.

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Long term investment ideas for Tax saving

5 Long Term Investment Ideas for Tax Benefits

7 Minute |

Taxes take a considerable portion of your earnings; a portion you would like to spend in a better way. One of the ways to save tax is investing in long-term investment options. The financial experts have always insisted on long-term investment. They help you generate a great corpus and act as the best tax saving investment option.

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Mutual Fund

ULIPs vs. Mutual funds- what is better for you?

5 Minute |

We are always on the lookout for avenues to help our money work for us. Many of us also have a decent working knowledge of what financial planning is. It is about striking a balance between the risk and the returns generating capability of the investment. ULIPs and mutual funds being the hot commodities in the market, you are sure to be confused between the two.

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Save income tax on salaries

How to Save Income Tax for Salaried People in India? | SBI Life

4 Minute |

There are times when high living expenses and rising inflation make you rethink your expense budget. Try as you might, you cannot cut down on essential expenses, and there are investments and savings funds to create as well.

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Which Death Is Not Covered in Term Insurance

Types of Death not covered in Term Insurance Plan

3 Minute |

A term insurance policy ensures financial security for loved ones in case of a breadwinner's untimely passing. Not only does this type of death insurance offer a financial fail-safe, but it is a guaranteed way to shield your family long after you are gone.

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Medical test for Term insurance

Answering 5 most-asked questions about medical tests for term insurance

6 Minute |

We often hear about insurance claims being rejected when a person passes away. Many of these are due to not submitting enough medical proof of existing and past medical records. As a result, medical tests are mandatory when purchasing a term life insurance.

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Tax planning

What is Unit Linked Insurance Plan (ULIP)? What are the benefits of ULIPs?

7 Minute |

We explain what Unit Linked Insurance Plans (ULIPs) are, and how they benefit your financial outlook for the future.Your financial needs can change on a frequent basis.

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Financial Planning for Newborn

Are you financially prepared for a baby?

5 Minute |

Bringing a new life into this world is a huge responsibility- emotionally and financially. You may be prepared mentally to welcome a baby, but are you financially prepared?

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Emergency Fund

Be prepared for the unexpected with an emergency fund

5 Minute |

It is advisable to be well-prepared for emergencies. Part of this preparation is securing yourself financially. This is where an emergency fund comes in handy. Here’s more information on it, why it is important, and where you should keep it.

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Fund Switching

All you need to know about Fund Switching in ULIPs

6 Minute |

Fund switching is a feature of ULIP which enables the policyholders to shift their money from one fund to another within the same plan. Policyholders can choose the fund as per their financial goals and risk tolerance.

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Retirement Home

How to build a retirement home

5 Minute |

Retirement is the time when you are free of work commitments and can indulge your dreams. One of the most common dreams that people have is building a retirement home. Whether it is a haven of peace amidst greenery and mountains or a simple 1 BHK in the city, you need to plan for it properly.

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Pension plan

Types of Pension Plans: What are They? | SBI Life Insurance

6 Minute |

Pension plans have been touted by experts as some of the best ways to plan your retirement. They give you the benefit of saving your money and act as a source of income later on in life. This can help meet any expenses that you may have

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Retirement at 40

Early Retirement Benfits: How To Plan For a Retirement at 40?

6 Minute |

Are you tired of your 9 to 5 job and want to free yourself from the shackles of your mundane schedule? Then why not plan your early retirement!Retirement at 40 is the dream of many. People adopt various ways to save enough

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SBI Life Smart Future Choices Plan

SBI Life - Smart Future Choices Plan – Empower your future self to decide what’s best for you

6 Minute |

Savings plan offered by life insurance companies are efficient tools to help you plan for your future. They offer insurance coverage along with the added advantage of regular saving for your life goals. An individual deserves the freedom of choice in all aspects of life and life insurance is one of them.

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How to find your Passion after Retirement

5 steps to finding your passion after retirement

10 Minute |

Most of you are working 9 to 5 jobs to provide for your families. You might have sacrificed your dreams to be a chef, a photographer, a blogger or a traveller on the way to support your dependents and meet your life goals.

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Tips for single mothers

Top financial tips for single mothers to secure their future

6 Minute |

Raising a child is a challenging task; raising a child single-handedly more so. There are many obstacles that a single mother needs to overcome. You need to fill in the shoes of both the parents. You also have to work to support your needs,

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Life insurance fraud

Life insurance fraud: How you can stay safe

7 Minute |

While purchasing a life insurance plan, you need to be vigilant and wary of frauds. You might not just suffer a monetary loss, but it can also cause you emotional turmoil.

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Best Investment ideas

Where to Invest? The Best Investment Avenues for 2020

10 Minute |

Savings are an essential part of your life. You save money to sustain yourself and your family, to pay for your rent, utility and medical expenses amongst others. They also help you pay your EMIs and clear the outstanding debts. Savings are also essential for you to reach your financial and life goals.

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Term insurance for NRI

Term insurance for NRIs- All you need to know

4 Minute |

Term insurance is one of the basic types of life insurance. The premiums are affordable, and it is perfect for those looking to secure short term life goals. Anyone can buy a term life insurance plan, and NRIs are no different.

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Income Proof

Is income proof mandatory for term insurance?

4 Minute |

Term insurance plans are affordable and easy-to-buy. The insurance company asks for some personal details and documents when you apply for a term life insurance. One such detail is the declaration of your income.

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Financial planning for elders

Financial planning for your elderly parents - Things to keep in mind

5 Minute |

Financial security for your elderly parents is paramount for their welfare in their old age. Methodical financial planning can secure your parents from uncertainties in life and can help keep your worries at bay. Here are a few tips to help you out with efficacious financial planning for your parents.

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How does Home insurance work

Home insurance: What is it and how does it work?

6 Minute |

Owning a house is every person’s dream. However, it does not end at just that. You also need to protect the property purchased with your hard-earned money. Hence, buying home insurance is of utmost importance for preserving the value of your property.

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Common mistakes for term insurance

Common Mistakes That Might Get Your Insurance Claim Rejected

6 Minute |

You depend on insurance policies to get you or your family through the most vulnerable times. Nothing can be as scary and depressing as your term insurance claim being denied during such times.

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Income Tax Return

6 questions on Income tax returns that you must know the answers to

7 Minute |

Our tax planning is centred around saving the maximum possible amount on the taxes that we pay. We consult CAs, read about tax saving, buy insurances and invest in the market to be eligible for tax rebates and exemptions. However, when it comes to the process of checking the status or claiming the refund, some of us are rather clueless.

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Long-Term Investment

Long term investments: Do they guarantee better returns?

6 Minute |

There are different reasons why people invest- it can be for ensuring the safety of their savings, for generating wealth or for a particular life goal. If capital preservation is your agenda, you can invest in short term investments that provide security and carry minimal risks.

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Financial Immunity

5 steps to build your Financial Immunity during the Covid Pandemic

5 Minute |

The ongoing pandemic has ushered in a new normal. It has forced people to rethink their security in terms of physical and financial health. People are researching methods to boost their physical immunity, along withfinancial immunity too.

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Life insurance in 50s

Life Insurance for Over 50: Everything you need to know

6 Minute |

Life insurance is a must-have as it protects your interests and takes care of your family in case something happens to you. Insurance finds most takers in the age range of 20 to 40. Purchasing a life insurance cover above the age of 50 is relatively unheard of.

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Insurance FAQ

Life Insurance: Can you have more than one life insurance policy?

5 Minute |

You may already have an insurance. But have you considered purchasing a second insurance policy?You are not alone. There are many people who consider purchasing multiple insurance policies, but are confused about it. You, too

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Online Vs Offline Plans

Term insurance plans: Online vs offline- Differences and benefits

7 Minute |

Term insurance is considered the most basic form of insurance which provides financial protection to your family at affordable rates. The premium is to be paid only for the fixed term for which the insurance policy is taken. With term insurance

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How to increase Savings

4 Easy Strategies to boost your Savings

5 Minute |

Savings are an essential part of your life. You save money to sustain yourself and your family, to pay for your rent, utility and medical expenses amongst others. They also help you pay your EMIs and clear the outstanding debts. Savings are also essential for you to reach your financial and life goals.

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Health insurance importance

What is health insurance & why is it important for you and your family

6 Minute |

Medical issues and illnesses may strike unannounced, and you need to be ready for them. Along with a healthy body and immune system, you must be prepared financially too. A health insurance policy is of great help whenever you fall ill.

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Student Health insurance

10 benefits of student health insurance plans

6 Minute |

If you are planning to study abroad, you might already be researching about student health insurance. Health insurance is mandatory when you are emigrating to other countries for studies. Many students pay heavy premiums for health insurance plans

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Types of ULIP Plans

What are The Types of ULIP Plans and Which One Should You Buy?

4 Minute |

ULIPs have gained popularity in recent time due to the many benefits they offer. With growing awareness, more and more people are turning towards ULIP to meet their financial needs. Owing to the flexibility and the many advantages, CA and financial planners

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Women´s Financial Independence

A Guide to Financial Independence for Women | SBI Life Insurance

5 Minute |

The awareness and need for women empowerment are at an all-time high. Equal opportunities for men and women, bridging the gender gap, and equal pay for all the genders are some of the measures that have been undertaken all over the world.

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Insurance importance

Importance of insurance at every stage in your life

7 Minute |

With increasing awareness about insurance in the country, the popularity of insurance policies has grown. However, people are still apprehensive about paying money for something that does not give out quick benefits or immediate results.

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ULIP vs FD

ULIP vs FD: which is better and why

5 Minute |

A Fixed deposit is the preferred saving option of many as it provides a higher rate of interest than a savings account. However, after the repo-rate cut announced by RBI, the FD interest rates across all the banks in India have taken a hit. As a result, people are looking for alternatives

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Term Life Insurance with Critical Illness Cover

Top tips to improve your Financial Health

6 Minute |

The times are testing and uncertain. Apart from health issues, financial issues too can strike without warning. With the pandemic and lockdown in place, many have lost their sources of income and are facing financial hardships. This is why building up your financial immunity is important.

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Benefits of Poorna Suraksha

Benefits of the SBI Life - Poorna Suraksha

6 Minute |

In these uncertain times, it has become all the more important to take care of yourself and your family. As you age, you become susceptible to a range of health issues. A health insurance policy is thus a must. But, it is of limited assistance when you are diagnosed with a critical illness or serious complications that may require expert medical care and advanced treatment.

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How to plan for education with Child plans

How to plan for your child’s future?

5 Minute |

Having a child is a great responsibility. You need to be ready emotionally for it. But have you considered the financial aspects? When you think about financial planning for children, the question that comes to your mind is- how to plan for your child’s education and marriage.

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Benefits Annuity for Retirement

Annuities- How beneficial are they for your retirement?

5 Minute |

Post-retirement, for many individuals, health conditions may become fragile, and medical bills may pile up. This can dry up any savings corpus built over the years. Also, if a corpus has been exhausted due to certain financial goals in the past

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Health insurance premium

5 ways in which you can save on health insurance premiums

5 Minute |

Health issues might arrive unannounced. There is always a chance that you might be affected by the occasional virus or the seasonal flu. There can even be more serious complications which may require hospitalization. At times like these, you need to be prepared financially.

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Life Stage Benefit

Why To Consider Life Stage Benefit Option When Choosing A term Plan?

7 Minute |

Term life insurance policy can help you stay safe from the predicaments of life. It takes care of your family’s needs should any tragedy befall you. It provides an assured payment to your nominees in case of your death which they can use for their expenses.

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What is Joint Life insurance

Joint Life Insurance Policy: All You Need To Know

4 Minute |

Life insurance plans help secure your life goals. They protect your family from financial stress in case of your demise. Traditionally, term insurance plans have always been associated with a single policyholder. However, with the evolving market and social dynamics

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Life Insurance Basics

Purchasing Life Insurance policy? 10 essential terms that you need to know

5 Minute |

Life insurance has become a necessity in today’s world. It is probably the best way in which you can secure your family if something happens to you. Your family members can use the proceeds from your policy to pay off your debts and liabilities or use them for their expenses.

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What is Life insurance

Understanding What is Life Insurance: Types & Benefits | SBI Life

5 Minute |

The gift of life is precious, and you cannot put a money tag on it. But one needs money for survival and to satisfy the needs of the family. If there is a sudden demise of the breadwinner, the family might face difficulties. Hence, to ensure the proper livelihood of the family even after the death of bread earner, it is often advised to buy a life insurance policy.

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What is MWP Act

How the MWP Act Helps in Safeguarding Women’s Interests

7 Minute |

Although your life insurance policy secures the future of your family, the benefits of the insurance are not guaranteed to pass on solely to your wife and children. Your relatives, creditors or bank may claim some part of the insurance benefit for clearing any outstanding debt or otherwise.

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Fathers Day Papahaina

Create a memorable ‘MEMOREEL’ this father’s day with SBI’s PapaHainNa campaign

6 Minute |

We celebrate Mother’s day with great zeal and enthusiasm. But, do you know that there is an equally important day which recognises a father’s contribution to the life of a child? It is Father’s Day.

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ABCs Moneyback plan

The ABCs of Money Back Plans

4 Minute |

We are on the constant lookout for ways to generate wealth and secure our future financially. With this goal in mind, we invest in a variety of plans and other financial instruments. Each of these has its benefit. One such tool is the Money back plan. Let us know more about this plan

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What is an Endowment Plan

Endowment Plans - All You Need To Know

6 Minute |

Insurance and investment form an important part of planning for your future. You might be investing in the stock market to generate wealth and raise a corpus for your goals. Also, you must be having life insurance to secure these goals. What if both these features were combined into a single plan?

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Mediclaim vs Health insurance

Mediclaim vs. Health Insurance- A comparison

6 Minute |

Mediclaim and health insurance policies have been used interchangeably for a long time. Though both of these are concerned with hospitalisation and medical expenses, they are two very different protection plans. How? We explain -

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What is Health insurance

What Is Health Insurance & Why Is It Important? | SBI Life Insurance

6 Minute |

Health insurance is a basic necessity today. If you meet with an accident or fall sick, and have to be admitted to a hospital, health insurance is the first thing they ask about. So, what is health insurance, and why is it so important? Read on to know-

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Term insurance vs Home loan insurance

Term Insurance Vs Home Loan Insurance: What should you choose?

7 Minute |

Buying a house features amongst the goals of almost every Indian. The popular choice for financing your home is opting for a home loan. But, what if something happens to you before the entire loan is repaid? The liabilities pass down to your family. Are you willing to leave behind your family in financial stress?

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What is Annuity plan

How to invest in an annuity plan

5 Minute |

As living expenses mount and inflation hits your income, you may be starting to worry about the future. After completing all your family obligations, you wonder if you will have enough savings set aside for your retirement.

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Critical illness benefits

Four reasons you should attach Critical Illness benefits to your insurance plan

6 Minute |

You may have heard of Critical illness insurance plan, but did you know that you could attach critical illness benefits to your existing term plan or life insurance policy too? Critical illness benefits or critical illness rider as they are known are as important as term insurance itself.

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Life insurance riders

What is a Rider in Insurance? Its Types & Benefits

5 Minute |

Life is unpredictable and hits you at the most unexpected times. Though we are always prepared with insurance covers for ourselves and our loved ones, it is not enough. You always need something more to safeguard everything dear in your life. In the case of life insurance, it is an insurance rider.

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Impact of Coronavirus

How Will The Coronavirus Impact Your Life Insurance

4 Minute |

The CoVID-19 pandemic has wreaked havoc across the financial markets, stalling all economic activities. The life insurance sector, too, has been affected, due to increased health risks and death claims. Since a disease like the CoVID-19was never accounted for in the term insurance policies

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Death benefits of health insurance

What you Need to Know About Death Benefits of Life Insurance

7 Minute |

When it comes to securing the future of your loved ones, life insurance is one of the most preferred options among Indians. In fact, around 328 million Indians had a life insurance policy in 2017, according to the IRDAI's Handbook on Indian Insurance Statistics.

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Why invest Moneyback plans

5 reasons to invest in money back plans

6 Minute |

When we think of investments, we think of mutual funds. However, there are many other instruments out there that offer similar benefits, if not more. Money back plans are one of them. We give you five reason why you should think of investing in a money back policy-

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Pradhan Mantri Jan Dhan Yojana

Pradhan Mantri Jan Dhan Yojana (PMJDY): Features & Benefits

7 Minute |

Picture a world where every Indian has access to basic banking facilities, regardless of their social or economic background. That's the vision behind the Pradhan Mantri Jan Dhan Yojana (PMJDY), a revolutionary initiative launched in 2015 to achieve financial inclusion for all.

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Premium Insurance

Single Premium insurance Policies –Are They Worth Considering?

4 Minute |

Did you know that 75% of Indians did not have a life insurance policy in 2017? But the good news is that things are changing. In 2018 alone, more than 28 million new life insurance policies were purchased in India, according to data provided by Statista.

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Life insurance

What is Universal life insurance? What Are its Benefits?

6 Minute |

If you are here, you must have heard about Universal Life Insurance. It has a dual advantage of life insurance, as well as saving. However, before you start contacting insurance companies, you must conduct thorough research. Read on to understand what these plans are and how they work-

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5 reasons to claim insurance

5 reasons why your life insurance claim might be rejected

5 Minute |

Life insurance plans cover the insurer for any eventuality. In case the need for a payout arises, you need to file a settlement claim with the insurance company. The company verifies all the details and then releases the claim settlement amount.

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Insurance awareness

5 life Insurance hacks you must be aware of

6 Minute |

For some, they are just means for getting an exemption from taxes; however, there is more to Life Insurance than that. They can be a robust tool in case of any eventuality. While being prepared beforehand is essential, having some life under your belt can make quite a difference.

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Life insurance apno ki himmatwali seeti

Importance of having a Protection Plans Apno Ki #HimmatWaaliSeeti

7 Minute |

Healthcare, education, financial security and mental stability – our family gives us all. They help us survive through tough times and fulfil our dreams and responsibilities. There is a brilliant way to express our gratitude and honour our loved ones wholeheartedly.

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Financial planning and 4 steps to achieve it

Financial planning and 4 steps to achieve it

3 Minute |

Financial planning is necessary to ensure peace of mind and secure your future. It involves chalking out a plan listing all your future goals and estimating the capital required for their completion. You then plan out the financial means to attain them. It may involve saving, investment, and administration of funds, among others.

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What are 36 critical illness insurance

Get cover for these 36 illnesses with a Critical illness Insurance

3 Minute |

Critical illness policy is a standalone financial plan that helps you secure yourself against life-threatening illnesses, diseases and disorders that you might suffer from. The Critical illness insurance is different from health insurance plan in the manner that it typically offers a significantly better payout, which can be used as you wish- be it for medical expenses or your daily expenses.

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Steps to apply for Child plans

6 Step Guide to Plan Your Child’s Higher Education Abroad | SBI Life

5 Minute |

Sending your child for higher education abroad can do wonders for your child’s future. But most of us are confused about where to start. Also, we might have a lot of questions about it- Should you purchase a child future plan? Or rely only on your savings? How to plan for child education?

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All you need to know about Life Insurance plans

All you need to know about Life Insurance plans

6 Minute |

Life Insurance plan is an important part of preparing for a secure financial future. Here are some things that you need to know about the types and benefits of purchasing a Life Insurance policy.

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What is Critical illness insurance

The WHAT, WHY, and HOW of Critical Illness plans

3 Minute |

A stressed and hectic day to day life has made us susceptible to a host of lifestyle diseases. Experts claim that one out of 4 Indians is likely to fall prey to non-communicable diseases before the age of 70. A traditional health plan might not be sufficient for such conditions, owing to the high cost of treatment and medication. Here is where a Critical Illness plan comes into the picture.

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BMI effect on Insurance

What is BMI, and how does it affect your Insurance premium?

6 Minute |

In these times, when fitness is what everyone seems to be talking about, BMI is used a lot. But most of us lack clarity on what exactly BMI is. Let us make it easier for you.BMI or Body Mass Index is a ratio of weight and height. It can be defined as the weight in kilograms, divided by the square of the height in metres.

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Why buy Cancer plan

Why should you buy a standalone Cancer plan

6 Minute |

Standalone cancer insurance plans are often considered unnecessary and are often overlooked when planning for the future. It is assumed that a Health Insurance plan is more than enough. However, this is not the case. We tell you why it is not so and other benefits of getting a standalone cancer insurance plan.

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Power of compounding

All you need to know about compounding and its benefits

5 Minute |

'Compounding' is a process wherein the capital gains or the profit are reinvested to generate additional income. The growth of your investment is exponential as interest is earned from the principal as well as the additional earnings accumulated over the past period.

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Life insurance plans

Sabse Pehle Life Insurance - Need For Raising Awareness | SBI Life

7 Minute |

There is not enough awareness about the importance of Life Insurance in the Indian masses. Hence, insurance companies are striving to draw people’s attention to it. 'Sabse Pehle Life insurance' is a step in this direction.

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Breast Cancer – Causes, Symptoms & Types of Breast Cancer | SBI Life

Breast cancer: Things about it that you should know

5 Minute |

Breast Cancer is the most common type of Cancer that women across all ages suffer from. Studies show that 1 out of every 38 woman dies due to breast cancer. The awareness about breast cancer in the general population has been on the rise in recent times. Read on to know more about the causes, types and symptoms of breast cancer.

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Retirement Planning mistakes

5 Common Mistakes to Avoid While Planning For Retirement

5 Minute |

Retirement planning is taken very seriously in India. It is not only about saving, but also involves thoughtful investing to ensure returns at a time when you are unable to work and earn for yourself.Here are a few mistakes that you should avoid when chalking out your retirement plan

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Reasons to buy Critical illness insurance

5 Reasons to buy a Critical Illness Insurance at an early age

5 Minute |

With the rising illness and our hectic lifestyles, keeping yourself financially covered is imperative. A critical illness can come at any time, to anyone, and will affect you both – financially and emotionally.

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Things to focus before buying Cancer Insurance

5 things that you need to focus on before buying cancer insurance

5 Minute |

Opting for a Cancer insurance is a right step in the direction of securing your future. However, you should know that it is not as easy as getting anything off the shelf. There are many things to consider before you can arrive on the perfect plan for you.

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Child Education plan Banner

Child Education Plan - How to Safeguard Your Child’s Future

5 Minute |

Parents want the best education that is available for their children. However, the skyrocketing cost of education is a cause of worry. College and school fee in India as well as abroad are increasing with every passing day. This is the reason why many parents are looking towards Child Education.

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Life insurance importance

Why Buying a Life Insurance Is Important No Matter The Age

5 Minute |

Life Insurance has become a hot commodity especially after the passing of the Life Insurance of India Act in 1956. Life insurance secures the family’s future in case of the insurer’s demise. The fact that you are not leaving your family behind in any financial duress adds to your peace of mind. Life Insurance plans do not come with an age limit.

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Health tips

Know How does your lifestyle influence life insurance premium rates?

4 Minute |

Future is uncertain for everyone. You must save and build a corpus to help sail through uncertain and difficult times. This is why it is important to opt for financial planning and diversify your portfolio with various products such as fixed deposits, recurring deposits, life insurance, and mutual funds.

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How to Calculate Retirement Fund

How to Calculate How Much I need for Retirement

5 Minute |

The first and foremost reason to compel you to retirement planning is that the average life expectancy is rising continuously and that the best days of work will last. Best retirement plans ensure that after retirement, you don’t have to worry about your expenses. They ensure that you do not have to get back to work and curb your spending. They help you to live life at the fullest, even after retirement.

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Everything about ULIPS

Everything You Need to know about ULIPs

5 Minute |

Do you want to get insurance cover with considerable market returns? If yes, then you should give unit-linked insurance policy commonly known as ULIPs (Unit Linked Insurance Plans) a try. They are a type of goal-based solutions having the ability to provide both, protection along with investment. In this article, let’s discuss all about ULIPs (Unit Linked Insurance Plans).

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Things to know before buying Health Insurance

5 Things You Must Know While Buying Health Insurance Plans in India

10 Minute |

Buying a health insurance plan is one of the most responsible things you could do in today’s stressful times. But it is a process fraught with some degree of risk, especially if you are not conversant with essential aspects such as –

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Retirement for Senior Citizen

5 Ways to Make Your Retirement Planning Successful

6 Minute |

Retirement is an important milestone of our lives which needs to be planned carefully. A lot of things need to be considered such as your retirement age, your monthly savings, your investments, debts (if any) etc. It would also depend on the pension you would be getting after retirement, provident fund, and many more such factors.

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Myths of Term insurance

6 Myths You Should Know before Investing in ULIPs

5 Minute |

There is a lot of buzz around investing in Unit-Linked Investment Plans (ULIPs) nowadays. The buzz is attributed to the profits and advantages that ULIP policy provides. In simple terms, ULIPs can be defined as the combination of insurance and investment. Like all good things, ULIPs are also shrouded with myths,

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Financial Planning for Newborn

How Child Plans Help to Secure Your Child’s Future

8 Minute |

As a parent, your primary responsibility lies in ensuring that your child’s every need is adequately met. Your child has dreams of becoming a doctor, or a pilot, or even taking up music. The question is, do you have the financial wherewithal to support your child’s dreams?

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Rules of Retirement for Senior Citizen

5 Golden Rules to Enjoy Your Post Retirement Days

4 Minute |

Retirement should be like taking a long vacation. It’s a phase when you can finally put your feet up and enjoy time with friends and family. You can plan long lunches, travel to see different parts of the world and pursue hobbies.

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How life Insurance can save tax

How Life Insurance Helps You Protect Your Wealth

4 Minute |

Retirement should be like taking a long vacation. It’s a phase when you can finally put your feet up and enjoy time with friends and family. You can plan long lunches, travel to see different parts of the world and pursue hobbies.

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Tax Saving Investment Mistakes

3 Mistakes You Need to Avoid in Tax Saving Investment

5 Minute |

A tax saving investment is like a project. You need to keep a lot of things in mind. And amidst the rush of registering before 31st March, it seldom becomes possible to make the right decisions and assure satisfactory tax planning for salaried persons. However, with some precise knowledge, you can make the right decisions.

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Save on Income Tax

How Salaried Individuals Can Save on Income Tax

4 Minute |

Trying to show income below the exemption limits is not a new phenomenon in India. According to data released by Finance Minister Arun Jaitley in the 2017-18 budget, only 1.72 lakh Indians showed their income to be more than ₹50 lakhs, which didn’t match the consumption pattern in the country.

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Travel guide

Important Things to Look for in a Good Travel Insurance Plan

4 Minute |

Indians love travelling during holidays and the number of travellers has been rising in recent years. According to a report published by Google India, in partnership with Boston Consulting Group (BCG), by 2020, India’s domestic travel market is set to become a $48 billion industry.

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Health Insurance

How Health Insurance Helps You Save Tax While Securing Family’s Future

4 Minute |

Combining the elements of protection with savings, health insurance plans are a necessary investment in today’s world.

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Tax saving tips

How Life Insurance Can Help You save tax

6 Minute |

Life insurance protects you and also helps you save tax. This article studies its tax saving implications.Before understanding how you can save tax on life insurance

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Tax saving option beyond 80c

Tax Saving Options Beyond Section 80C

6 Minute |

Are you worried that most of your savings will be ruined when it comes time to pay your income tax? Don’t worry. Under Section 80C of the Income Tax Act of 1961, certain deductions are provided to taxpayers to lower their taxes.

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Term Insurance

How term life insurance protects what you hold dear

5 Minute |

Have you ever tried to hold a fistful of sand tightly in your hand? Notice how it slips out no matter how firmly you hold your palm closed? It is an allegory for life itself .

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Term insurance vs ULIP

Term life or ULIP?

5 Minute |

Taking life insurance plans for yourself and your family members has become vital in today’s times. Life has its uncertainties; – a phase of stability today might change into a period of instability tomorrow.

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TOOLS & CALCULATORS

Human Life Value Calculator

Here’s a tool that shows your financial preparedness towards any eventuality, so that your family never loses its smile even when you are not around.

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Child Education Planner

To help you determine investments you need to make regularly in order to fulfill your little one's dream

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Retirement Planner

To help you continue celebrating your life post-retirement to the fullest, a tool that helps you plan for your retirement days better!

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Need Analysis Planner

A holistic life planner that suggests the right amount of insurance and plans based on your unique needs.

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