Know The Types Of Deaths Covered And Not Covered By A Term Plan

One of the main reasons why people buy term insurance plans is to secure the financial future of their family ones in case of their untimely demise. Under the terms of this plan, the insurance company promises a fixed amount of money (called the sum assured) to the policyholder’s nominee (also known as the beneficiary) in case the life assured (policyholder) dies during the course of the policy tenure. The beneficiaries can file a claim after the death of the policyholder to receive the sum assured. However, not all deaths are equal. You should know about the different types of death covered and not covered under a term plan –

Read More →
Replies: 0 / Share:

Are You Ready For The New Age Of VAT?

Understanding the VAT filing changes

Just three days after the UK leaves the EU, VAT-registered businesses have another change to take on board: the government’s new VAT system goes live. From April 1, all one million businesses who have to file a VAT return will need to do so using the new online system, which is called Making Tax Digital.

Does this apply to me?

Read More →
Replies: 0 / Share: