Finance

If you are new to financial planning, then this is the right time to begin! Applaud yourself for getting started! Now that you are here, let us start with the basics. Financial planning is a strategic, step-by-step, and definitive process of setting financial goals and achieving them for the purpose of wealth creation and future financial security.

A life insurance policy is a necessary investment that every earning member of a household should consider. If you have limited knowledge about life plans, a term policy might be what you need. It is an affordable cover that allows your loved ones to maintain their standard of living in your absence. You can use a term insurance premium calculator to find the most suitable policy.

A pure term policy is a life insurance cover in its essential form. If an unfortunate event leads to the absence of the term policyholder during the policy tenure, the insurance provider offers the death benefit to the nominees. A term policy does not provide any maturity benefit. It offers a high cover at affordable pricing compared to other life insurance policies. When you buy term insurance, they come with many advantages and highlights. Read on to learn more about them.