Indian Money Dot Com Review Bangalore | Financial Advisers

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Thursday, November 29, 2018

Post Complaint on IndianMoney If NBFC Cheats You – Indian money

Post Complaint on IndianMoney, NBFC Cheats You, and NBFC fixed deposits, Citizens complain against NBFCs, Complaints against NBFC, Complaint with NBFC Ombudsman, and Cheated by banks

Many citizens have been cheated when investing in NBFC FDs. People invest in NBFC fixed deposits as they offer higher interest rate than Bank FDs. SBI has hiked FD interest rate to 6.8% for fixed deposits between 1-2 years. Many bank FDs offer interest around 6.5%. Senior citizens enjoy even higher rates.

You may be tempted to invest in NBFC FDs as they offer a higher interest than bank FDs. Bajaj Finance FDs offer interest rate of 8.75% to 9.1%. Senior citizens are offered even higher rates. LIC HF fixed deposit rates are 8.15-8.3% for 1-5 years. Senior citizen FD rates are 8.4-8.55%. Fixed deposits of Fincare Small Finance Bank offer around 8%, ESAF Small Finance Bank around 8.75%, AU Small Finance Bank around 7% and Ujjivan Small Finance Bank around 8%.

For those who don’t know, NBFCs are engaged in the business of loans, stocks, bonds, debentures, securities, leasing, insurance, hire-purchase and chit business. Some of the reputed NBFCs are HDFC, Reliance Capital, LIC Housing Finance, Rural Electrification Corporation (REC), Mahindra and Mahindra Finance, PNB Housing Finance, TATA Capital among others.

IndianMoney tells you to register a complaint against NBFCs if you have been cheated. You can register the complaint with NBFC Ombudsman. IndianMoney reviews are India’s leading financial education company which looks to curb the misleading sales practices rampant in the financial services sector. Want to know more on fixed deposit? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.

Post Complaint on IndianMoney If NBFC Cheats You

For years people who were cheated by NBFCs had no one to complain. Citizens who were cheated in NBFC FDs or credit cards couldn’t register complaints in case of deficiency of services or deposit defaults. RBI has stepped in and launched the NBFC Ombudsman Scheme for redressal of complaints against NBFCs.

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https://leadmarket.in/blog/lead-market-helps-you-to-improve-business-with-zero-complaints/

Wednesday, November 28, 2018

Lead Market Helps You to Improve Business with Zero Complaints

Lead generation is the start of consumer interest in products or services of a business. In lead generation, the customer makes enquiries into products and services of the business. A sales lead is the identification of data from a prospective buyer. Any business needs leads to survive and grow.

IndianMoney.com registered under Suvision Holdings Private Limited generates leads for Lead Market. Lead market is India’s largest market place of prequalified leads on insurance, loans, mutual funds, real estate, loans, and stocks.

Here is why Lead Market is different from other sellers and intermediaries. Lead Market offers unbiased and personalized advice to consumers for one important purpose. To make sure they are not cheated and misguided by agents, sellers and intermediaries. What’s great is this service is absolutely free. Lead Market Bangalore is good for intermediaries too.

Are you a seller of financial services? Just go to Lead Market which is India’s largest and the most trusted market place for sellers of financial products. You can download the Lead Market App at Play Store or App Store. Lead Market Reviews are excellent because of the quality of service. Lead Market helps improve business with zero complaints. In spite of our excellent services if you do have Lead Market complaints, get in touch with Lead Market Customer Care. We will resolve them at the earliest.

Want to know more on Loans? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service.

Lead Market – Helps You to Improve Business with Zero Complaints

How Lead Market helps grow business?

It’s simple. Lead Market is India’s largest market place of prequalified leads on financial products.

You can buy and manage financial products and real estate property leads on Lead Market.

Lead Market gives sellers advanced and simple to use Lead Purchasing Technology.

Lead Market is a product of IndianMoney.com which is India’s largest Free Financial Education Company providing free and Unbiased Financial Education to over 37 Lakh consumers.

Take a look at our privileged associates giving reviews on Lead Market App. Our associates just love Lead Market and you can watch a video on how an associate grew business with Lead Market.

Why Lead Market: Lead Market Bangalore never generates leads through cold calling. Only people who post a request on our website or call our helpline number/respond to our promotional campaign are given a financial education.

All customers are financially educated with knowledge on financial products, making selling easy.

Only manually validated leads by the financial advising team are forwarded. This means you get leads of only genuine and interested customers. Take a look at the video of why associates love Lead Market.

You get leads through SMS, Email along with Lead Market App.

With the CRM you can access best quality leads provided, anywhere and anytime. Lead Market takes complaints very seriously and looks to resolve them at the earliest.

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https://indianmoney.com/articles/post-your-complaints-on-indianmoney-if-you-are-cheated-in-car-loan

Tuesday, November 27, 2018

Post your complaints on Indianmoney if you are cheated in car loan

Banks finance the purchase of a new car or a used car through a car loan. Car loans are available at reasonable interest rates and a tenure which enables easy repayments. Car loans help you buy the dream car at a young age.

Want to know more on Car Loans? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney Complaints is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.

Post Your Complaints on IndianMoney If You Are Cheated in Car Loan

Car loan Fraud:

Car loan Cheated are committed by both dealers and financing agents. These are some of the cheated you should be aware of:

Guaranteed approval: There is no such thing as a guaranteed loan. Any lender will first run a credit check before approving the loan. So, if you have a bad credit score, your car loan will not be sanctioned.
Upfront payment: Some dealers may ask for upfront fees. The lender lures the customer to pay a fee before the application is processed or before the funds are disbursed. This type of scam typically takes place online.

Financing scam:

Another type of fraud related to vehicle financing is when the dealer incorrectly discloses the financial terms of the loan. This dishonest practice is designed to dupe the buyer into thinking that the loan is more favorable than it really is.

Are you cheated by Loan Providers? Cottage a complaint on Iamcheated.com which is a free online consumer complaints portal, which registers consumer complaints online and helps resolve them. If you have been cheated by banks or do not receive any response, do get in touch. You can post your complaint on Indianmoney.com complaints portal IamCheated.com.

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https://indianmoney.com/articles/not-satisfied-with-bank-service-post-your-complaint-on-indianmoney

Friday, November 23, 2018

Not Satisfied with Bank Service Post Your Complaint on IndianMoney

Banks plays a major role in our lives and having a bank account is very important. Not all customers are satisfied with services provided by banks. Many customers have some or the other issues with banks and these issues turn into complaints. In this article, we will discuss how to post your complaint in IndianMoney.com, if you are not satisfied with bank services.

Want to know more on fixed deposits? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney Complaints is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.

Not Satisfied with Bank Service? Post Your Complaint on IndianMoney

How to file a complaint with the bank?

1. Raise complaint with bank

If you are not satisfied with bank service, the first things you must do is contact the bank and raise a complaint with them. While raising complaint with the bank, make sure you do it through proper channels. You can call the customer care of the bank and explain problems you are facing. You can find the customer care number of the bank on the bank's website. All the banks have a grievance redressal cell and you can register complaints with them. Banks usually take time to resolve the issue.

Some of the common complaints against banks

Imposing charges without prior information
Unnecessary debit and credit card charges
Rejection of loans without any reasons
Customer being harassed by the bank
Closing any account without information
Delay in payment or collection of cheques.

Wait for 30 days after the complaint is posted.

Once the complaint is registered with the bank, wait for 30 days. If the complaint is not resolved within 30 days, you can take necessary steps.

How to file a complaint against banks online with Banking Ombudsman?

Online complaint with Banking Ombudsman can be filed by logging on to the official website. You must fill up the form. Once you fill up the form, upload proof like bank rejection letter, bank’s reply or anything else.

Post complaints on IndianMoney if you are not satisfied with bank service

If you are not satisfied with your bank service, you can post your complaint on Indianmoney.com complaints portal IamCheated.com. IamCheated.com is a free online consumer complaints portal, which helps resolve online consumer complaints.

Once the complaint is posted on Indianmoney.com complaints portal Iamcheated.com, it is sent immediately to the concerned bank for resolution purposes. Service provided by IamCheated.com is completely free and it does not charge money from consumers for resolving the complaints.

How to post complaints?

1. You can post a complaint on IamCheated.com by clicking on "Lodge your Complaint" tab on the homepage of the website.

2. After you click on lodge your complaint button, you will be redirected to a new page, where you must provide complete details on the complaint. You can also upload supporting documents.

3. Once the necessary information regarding the complaint is provided, you have to complete the registration process. Registering process is very important to maintain authenticity of every complaint posted. Once you register your mobile number and OTP, your complaint will be posted on IamCheated.com.

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Post Complaints on IndianMoney If You Are Cheated By Insurers

Wednesday, November 21, 2018

Review your Complaints on IndianMoney If You Are Cheated By Insurers

Studies have shown that bank executives and insurers continue to cheat and mis-sell insurance products. Many bank executives do not understand insurance, yet continue to sell life insurance plans to pocket high commissions.

A common way bank executives and insurers cheat you, is they don’t mention the free look period. You can return a life insurance plan if you are not satisfied with the terms and conditions, within 15 days of receiving policy documents.

IndianMoney advises you to understand free look period, before availing life insurance plans. Want to know more on term life insurance plans? We at IndianMoney Complaints will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products.

How insurance agents cheat you?

They advise not to tick smoker or drinker in the insurance proposal form to save on premiums.

They push endowment plans and ULIPs which have high premiums and low mortality, just to pocket commissions.

They advice surrendering endowment life insurance plans and pick up new insurance plans to get commissions called churning of plans.

Insurance agents neglect to disclose important facts on insurance plans, leading to improper financial decision making.

Monday, November 19, 2018

Post complaints on IndianMoney if you are cheated by bank

There are some situations where it becomes necessary to file a complaint against a bank. Let us go through the details here.

Why file complaint against bank?

IndianMoney.com advises to first try to resolve the issue with the bank. If the bank doesn’t respond to complaints, file a complaint against the bank.

According to review of rules by Indian Money reviews, you must first file a complaint with the bank before approaching the banking ombudsman. Banking Ombudsman is a quasi-judicial authority involved in resolution of customer complaints against banks.

Bank customers can lodge complaints against leading public sector banks like SBI, Bank of India, Union Bank of India and also Private Sector Banks like HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Yes Bank among others with the banking ombudsman.

IndianMoney notices popular complaints against banks to be:

1. Cheque payments

2. Account transfers

3. Hidden charges

4. Credit card complaints

5. Complaints on ATM cum debit cards

6. Bank loan complaints

7. Mobile banking complaints

8. Mis-selling of insurance plans by bank executives

How Indian Money dot com can help when you are cheated by bank?

1. File Complaint: IndianMoney advises you to file a complaint with your bank and get an acknowledgement.

2. Wait for Response: Wait for 30 days and if the bank doesn’t respond, approach the banking ombudsman.

3. Contact Banking Ombudsman: The banking ombudsman looks for an amiable settlement between the bank and the complainant.

4. Try to Appeal: IndianMoney complaints tell if you are not happy with the verdict, try to appeal. Banking ombudsman is generally fair and always looks to resolve the issue.

https://indianmoney.com/articles/post-complaints-on-indianmoney-if-you-are-cheated-by-bank

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https://indianmoney.com/articles/review-insurance-plans-with-indian-money

Saturday, November 17, 2018

Review Your Insurance Plans with IndianMoney

Why do you need insurance planning? Is it necessary to have insurance? When to review insurance plans? Let us find all the answers in following sections.

So why insurance planning?

As per Indian Money review, an accident plan protects your income in case of permanent disability.
A life insurance plan meets living expenses of nominees in case of premature death.
Guarantees income for life with retirement plans.
Protects the location and equipment of the business with business insurance.
According to IndianMoney.com, you can protect home structure and contents with a home insurance plan.
Protects car or two-wheeler in case of damage in accidents or theft with car or two-wheeler insurance.
Helps meet costly hospitalization expenses with health insurance so that you have no complaints.

Review Your Insurance Plans with IndianMoney Bangalore

IndianMoney dot com advises you to review insurance with change in financial profile and life situations.

1. As per Indianmoney.com reviews, if assets have increased (you have a new car or house) avail more insurance. Life insurance helps in wealth transfer. You need life insurance across working life. You don’t need life insurance after 60 as you have net worth to tide over most crises.

2. IndianMoney advises a health insurance plan even if you are covered under a company group insurance plan.

3. An increase in liabilities means more life insurance. Increase coverage under term life insurance if you have liabilities like a home loan.

4. If income/salary has increased, review life and health insurance needs. The sum assured must be in tune with current net worth.

5. Getting married means more life and health insurance. You have to avail joint life cover or purchase individual life insurance plans. Avail a family floater health insurance plan after getting married. After children further increase life insurance coverage. If spouse is not earning, it’s best to double life insurance coverage.

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Thursday, November 15, 2018

IndianMoney - Review Your Financial Plans with Indian Money

Financial planning is a process of meeting financial goals through proper money management. Financial goals could be short term like going on a vacation, mid-term like buying a car or long term like retirement or buying a house. Financial planning helps achieve strategic goals and objectives.

Take a look at financial planning thumb rules. One of the first rules of financial planning is Pay Yourself First. Save a part of monthly income before spending. As income rises make sure to save more. Follow the 50-20-30 rule. About 50% of your income should go for living expenses, 20% for savings for medium/long term goals and 30% for spending like travel and vacation.

Want to know more on financial planning? We at IndianMoney Review will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.

Why you should regularly review your financial plan?

Why do you go for a medical check-up at regular intervals? Isn’t it to stay in good health? In much the same way, the financial plan requires a regular review.

Set achievable goals: When setting financial goals it is very important to set achievable goals. Setting unachievable goals demoralizes you and it’s a setback to the financial plan. If you have set unachievable financial goals, review the financial plan. Review both the financial instruments you have invested and the investment. A simple example of financial plan review is if you have set a financial goal to retire at 55 and find the money insufficient, reset the retirement age at 60. Let’s say you had planned to buy a house for Rs 90 Lakhs. You find the investment insufficient? Then settle for a house of Rs 75 Lakhs.

Salary is hiked: A hike in salary calls for review of financial goals. A big salary hike means financial plan review. You might have got a windfall like EPF money or an inheritance. It’s time to revise investments and investment objectives. You can set new financial goals or allocate more money towards investments.

Set up an emergency fund: As your family grows you need an emergency fund. Keep at least 3 months of living expenses in the emergency fund if you are single. Make this 6 months if you are married.

Increase in number of dependents: If there is an increase in the number of dependents (say the birth of a child), review financial plan. You might need additional life or health insurance. You would have to set aside more money towards investments. Make sure you do Estate Planning by writing a WILL as dependents increase to avoid fights and controversy.

Change in the tax status: Let’s say you have changed your job and got a salary hike. This puts you in the higher tax slab. You might need to focus on tax planning to save more money.

Your risk tolerance and risk appetite have changed: If you have turned from a conservative investor to an aggressive investor, review financial plan. You might have to review the investment plan as you go for more aggressive investments.

What to consider in financial review?

IndianMoney.com Reviews advises you to update financial advisor on life changes: Your financial advisor must know your important milestones to make the right financial decision. If you are newly married, this calls for a financial plan review. Your financial advisor will draw up a new plan or reform the current financial plan.
IndianMoney.com advises you to check your investments: Check if investments are giving returns in line with the financial plan. If investments are not performing up to standard, then decide where to allocate the money. Asset allocation is very important in a financial plan.
Is your retirement on track: Healthy ROI (Return on Investment) and more allocation of money towards retirement helps retire early? Do financial review to check if investments are on track to achieve early retirement.
Interact with financial advisor: Your financial advisor knows a lot of people (has handled a lot of clients) with similar financial goals or who have been in similar situations. He is in a unique situation to help with financial and life goals.

Read More article: Review Your Financial Plans with Indian Money

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https://indianmoney.com/articles/before-purchasing-life-insurance--read-this-review-by-indianmoney-com

Wednesday, November 14, 2018

Before Purchasing Car Insurance Read This Review by Indianmoney.com

Car insurance protects you from a financial loss arising out of damage or theft of the car. As per Indian Money review, car insurance also covers for damage caused by a third party and is compulsory in India. Car insurance protects you and the car from financial liabilities, complaints, and legal liabilities which include damage to the vehicle in a collision, hospitalization for injuries, and injury/damage to a third party.

Types of Car Insurance

Third party liability covers you for damage and injury caused to a third party (unrelated party). This is both vehicle and property damage. According to IndianMoney.com reviews, third party liability is compulsory in India.

You can also opt for collision coverage where protection is given to your car. Coverage is for damage caused in a collision usually in an accident. However, as per Indian Money Bangalore, theft is not covered in collision coverage. Comprehensive car insurance includes own damage cover where you are compensated for damage to the car and bodily injury caused in an accident.

It is a comprehensive plan which covers damage to car, theft of the vehicle, a personal accident cover to protect you/driver and third party legal liability.Want to know more on Car Insurance? We at IndianMoney review will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. Please note that IndianMoney.com is not a seller of any financial products.

Before Purchasing Car Insurance Reviews Go Through This Review by Indianmoney.com

Compare Car Insurance Online

Indian Money Review Bangalore advises a comparison of car insurance plans online as you save money and also enjoy higher coverage without having any complaints.

You can save around 45-50% on car insurance plans and also get riders like engine protector, zero depreciation cover and others based on needs.

While buying car insurance online make sure to get comprehensive coverage for accidents, theft, fire, explosions, riots, lightning, and acts of terror, personal accident cover and natural calamities.

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Friday, November 9, 2018

Complaints on Indian Money Reviews, Financial Plans for Retirement Benefits

There's a popular saying, "Retirement is when you stop living at work and start working at living." Retirement is fun only if you have money to enjoy it. Otherwise, it can be a nightmare. How will you spend days after days without income? It's difficult to get a job in old age and why would you want to put in hard work, after you are 60?

Actually, it's really simple. You have to invest money when you are working, to enjoy retirement. There are plenty of investments for retirement, but you have to choose the right investment. An investment which meets your retirement goals is the right investment.

Want to know more on retirement planning? We at IndianMoney Complaints will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. Indian Money reviews are not a seller of any financial products. We only provide FREE financial advice / education to ensure that you are not mis-guided while buying any kind of financial products.

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Financial Plans for Retirement Benefits

Why must you plan for retirement? It's simple. Inflation, the general rise in the prices of goods and services each year, eats up most of what you earn. If you are struggling to pay bills today, how will you survive retirement?

1. Invest in NPS for retirement

National Pension Scheme popularly called NPS encourages you to save and invest across your working life for retirement. Let's say you invest in NPS at the age of 30 and stay invested till 60. NPS allows you to invest up to 50% in equity, giving you an excellent chance to get sufficient money at retirement.

NPS is very good if you want to save for retirement, but are not comfortable making investment decisions.

NPS offers you 2 choices:

1. Active choice: You invest up to a maximum of 50% in equities and the rest in Corporate Bonds and Government Securities.

2. Auto choice: If you are not comfortable making investment decisions, pick the auto choice. Allocation is made on the basis of a predetermined formula depending on your age. Investment is in a mix of equities, Corporate Bonds and Government Securities.

Withdrawal: as per Indian Money Company you can withdraw 60% of the accumulated amount on retirement at the age of 60. The remaining 40% must be compulsorily invested in an annuity plan. The annuity plan gives you pension after retirement.

NPS encourages you to save for retirement and get a regular income after retirement.

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https://indianmoney.com/articles/mortgage-loan

Friday, November 2, 2018

Indian Money Mortgage Loan Interest rates, Eligibility - Reviews & Complaints

A mortgage loan is a type of loan where property/real estate is the collateral. It is pledged to borrow money. You/borrower have to enter into an agreement with the bank. As per Indian Money Review You get cash up front and then make payments over a period of time through EMIs. The bank/lender has possession of the original property documents till you repay the loan.

Want to know more on Loan against Property? We at IndianMoney Complaints will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.

Indian Money Mortgage Loan Interest rates, Eligibility & Calculator - Reviews & Complaints

Types of mortgage:

Simple mortgage:

In a simple mortgage, the mortgagee (This could be a bank/lender), does not enjoy possession of the property. The mortgagor (one who pledges the property), makes a legally binding agreement to repay the mortgage. The mortgagor gives the mortgagee the right to sell the property, to recover the dues.

English mortgage:

In this agreement, the mortgagor agrees to repay the mortgage money within a certain date, and then transfer the property to the mortgagee (bank/lender). The mortgagee agrees to retransfer the property back to the mortgagor once the dues (mortgage money), is repaid as per terms and conditions.

Usufructuary mortgage:

The mortgagor (borrower) gives possession of the property to the bank (mortgagee), until mortgage money is repaid. The mortgagee also receives rent/other benefits from the land. The mortgagee/bank agrees to appropriate the property in lieu of interest/payment of mortgage money.

Mortgage by deposit of title deeds:

The mortgagee (bank) provides documents of title of immovable property to the mortgagor with intent to create a security of the same.

Mortgage by conditional sale:

The mortgagor sells the property to the mortgagee with a condition that the sale will be absolute/permanent on a default. If the mortgage dues are paid, the sale is null and void and the mortgagee will transfer the property back to mortgagor.

Functioning of a mortgage loan:

The money you borrow on the mortgage is the principal. You have to pay back the principal amount on the mortgage each month. In addition you have to pay back interest on the loan.

Repayments depend on type of interest rate which may be fixed or floating rate. Fixed rates mean payments remain constant across loan tenure. Floating rates change with market rates.

Read more: Mortgage Loan Interest rates, Eligibility & Calculator

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https://indianmoney.com/articles/how-to-select-best-life-insurance-plan-according-to-income

Thursday, November 1, 2018

Why there are no complaints & Reviews against Indian Money Life Insurance plans?

Many do not understand importance & power of getting proper insurance. For instance, life insurance is necessary for financially protecting your family. It is worth mentioning here that most people in our country are underinsured. What it means is that they get life insurance, but sum they assure is not adequate either for them or their family. Many people do not explore available life insurance products.

Want to know more on Term Life Insurance? We at Indian Money Review will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. Indian Money Company is not a seller of any financial products.

How to Select Best Life Insurance Plan According To Income?

Many citizens avail endowment life insurance, as they think it gives higher tax benefits compared to a term life insurance policy. Take the example of Roshan, who is a 30 year old IT employee earning Rs 7,00,000 a year. He doesn’t know which life insurance to avail, endowment or term insurance?

Let us help him with the premiums:

If he opts for an endowment policy with a sum assured of Rs 10, 00,000 and a policy term of 15 years, he will have to pay an annual premium of Rs 70,000. On maturity, he will get a sum assured of Rs 10, 00,000 + Bonus.
Guaranteed Bonus: This is a percentage of the sum assured for the first few years of the policy, say 3.5% for 5 years.
Reversionary Bonus: This is paid out of the profits of the insurance company. No reversionary bonus if there are no profits.
Terminal Bonus: This is a loyalty bonus paid in the final year of the endowment plan.
If he opts for a sum assured of Rs 1 Crore in a term life insurance plan for a term of 30 years, he will have to pay an annual premium of Rs 12,000. If he dies within the policy term, his family will get Rs 1 Crore in death benefits. If he survives the term, the insurer will not pay any amount.

Availing an endowment plan does seem wise. In reality, it isn’t. Roshan will pay high premiums for a low sum assured on the endowment plan. Though he’ll get the sum assured on maturity, it is not sufficient to cover his family. If something untoward happens to him within policy tenure, how much will his family get from the endowment policy?

Learn how to select the best life insurance plan according to income:

Don’t blindly avail a life insurance plan. Do your research. Decide on an appropriate sum assured that goes with your needs. You can arrive at this figure by calculating daily expenses and outstanding financial liabilities (debts). Do consider children’s education and wedding expenses, desired retirement corpus, etc.

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