Disadvantages Of Term Life Insurance

As if we are talking about life insurance, then, in early days, term insurance was the most preferred option. Under a term insurance, a policyholder gets the simple life cover against the life uncertainties and in return pays premium for it. No further inclusions and terms were being discussed with a term plan. Nowadays, there have been so many new concepts that have been introduced as an insurance product. Such kind of specific life insurance plan not only offer protection cover, but also helps you in saving funds, accumulate wealth as well as enjoy some tax benefits on the paid premiums.

 Following are the disadvantages of a term insurance:

• For beginners, pure term life insurance promises to pay the sum assured, only when the policyholder dies.

• It does not offer any other kind of benefit like bonus or returns.

 • If the policyholder survives during the whole policy term, there would be no maturity benefits offered to him or her.

• There is no saving option you have with your term plan and it would not help you in accumulating wealth. 

 Although, premiums of term insurance have come down as life insurance companies offer products online in the backdrop of improved mortality experience. For instance, now, a 30 years old male life assured can get a pure term life insurance of 1 crore and for a term of 30 years, by paying a premium of below Rs. 10,000. But, as we have discussed above, this basic life cover would be of no help if the policyholder meets with an accident and loses or become permanently disable. The only solution is to enhance the life cover with accident disability riders, which may help you to an extent.

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How To Find Best Car Loans In India?

Mr. Raj spent nearly one month in finding a reliable car loan provider, which could finance his car. But after an extensive research work, he came across to his present car loan provider and within 3 days of contacting the company, he got a loan and now he is the proud owner of his Mercedes. If you are also planning to buy a car but have no idea from where to get the loan then read on our blog as we will explore some of the best ways to find car loan in India.Indian automobile market has grown at an exponential rate, which in turn has inspired various lending institutions to give car loan to people. Before, zeroing in on a particular car loan provider, it is good to first collect the complete information about the company, which can be done by visiting its website or you can simply call your insurance agent to know more about the insurer. It is also good to take the help of your friend or relative who have an experience of dealing with the company. They will not only give you important information about the time taken by the company in processing of the loan application, etc. In this way, you will be able to get important piece of advice in a short span of time. Internet is also a good medium to know more about the car loan provider. By visiting the website of the company, you can know about company’s policy, loan terms and varied other points which would prove useful to you and will help in getting the best deal. 

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Benefits Of The Used Car Loans Online

Gone are those awful days when a lot many people in India had a thinking that purchasing a brand new car in India was beyond their control. The scenario has taken a tremendous amount of the change. Now the percentage of the people applying for the car loans has significantly risen. But, whatever may be the changes that have taken place in the Indian economy over the years, the reality of the fact is that still the number of people who do not have the car is on the higher side. The reason for this is relatively simple and quite obvious which are the low income as well as the high car loan interest rates.It does not goes on to signify that the people who are earning the low income or one can say the average amount of the annual income cannot get the keys of their dream car in hand. Yes, they can if the loan application is made for the used car. The process of getting the used car loan amount gets really simple and easy if the method of used car loans online is used for making an application for the car loan amount.Applying for the used car loans online is a very much beneficial for the individuals in many ways. The very first benefit that they will be entitled to receive is that the application will be processed at a very rapid pace. The second and the most important benefit of the used car loans online is that the loan borrowers will come to know about the fate of their used car loan application in one or two days. 

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Advantages of Star Health Insurance

As we know, there are several options of health insurance products available in a wide range to choose from. Due to stiff competition, most of the health insurance companies are offering quality services in order to facilitate customers in all aspects. Star health insurance is one of the best deals to choose due to its quality services and benefits that are coupled with it.

This exclusive range of health plan is aimed to offer quality services to the policyholders:

• There is no involvement of third party administrator for availing any kind of services

• You can always choose direct in-house for the purpose of claim settlement

• Faster and hassle free claim settlement

• You can also avail cashless hospitalization

• You can avail numerous services and cashless treatment at the network hospitals, which are more than 4700 all across India

• With star health insurance policy, you will also get 24x7 services through toll free helpline.

These services also include many other things like free general physician consultation over phone. You can avail cashless treatment or any medical services any time as doctors stay on duty 24x7. By quoting the policy number, any person in your family can contact our doctor on the toll free number for medical advices. Not only this, star health insurance also offer free health magazines that are issued to policy holders at regular intervals.You can also apply online for this star health insurance policies in India. These above mentioned services are offered to facilitate policyholders with 24 hours services that help you at the time of emergency. In order to avail such health insurance policies in India, you can apply through fast process of online application form. This form can be found on the official website of the respective insurance company and within few minutes of processing your online request will be forwarded to the company.

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Get Better Loan Term On The Basis Of Good CIBIL Score

Technically, for any financial solution credit score of an individual is taken into account. Personal loans in India are an unsecured form of borrowed finance and can be availed at affordable interest rate. A personal loan is a high risk finance to be borrowed as there is no security or collateral is attached. One should be sure that his or her credit history is good.    But, cibil is planning a system of personal loan score system to help the banks and other lending authorities in analyzing the credit worthiness of loan applicants. On the basis of this, financial institutions can easily decide the personal loan interest rate that is to be charged from an individual.With this system, individual would have better and improved financial discipline by changing their attitude towards repayment of personal finance and timely payment of credit card debts. CIBIL's credit score is aimed at creating some idea about the likelihood that a loan applicant. Or an existing customer could become delinquent on a personal finance over the next 12 months. This unique service is launched when lenders are facing rising delinquencies in payment of personal loan emi (equated monthly installment).CIBIL plans to have a website where people could enter their financial and select other details to get their cibil score. You can also have an option of getting the score on email or by calling a customer service cell. There would also be points of presence for this. Cibil is also planning to have extensive education programmes aimed to spread awareness of the services among the people. With this approach, in a hassle free manner an individual can check and calculate his or her personal loan eligibility. 

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Bharti AXA Life Save Confident

Bharti axa is one of the most prominent insurers of insurance industry, which is engaged in offering best life insurance policies for individuals. It understands the need of saving for rainy days, and bring bharti axa life save confident. This is a kind of life insurance plan that helps you in accumulating wealth and saving it for the future requirements.

Following are the features of this life insurance:        

• A convenient product with premium payment for only 12 years and benefits for 15 years

• Enhance savings through annual reversionary bonuses and terminal bonuses if declared

• Provides regular money back through guaranteed annual regular payments

• Enhanced protection with an in-built accidental death benefit in addition to the normal death benefit

• Regular money back with guaranteed annual paymentsAs a convenient product.

This insurance policy enables you to plan for important milestones in your life. It is an insurance plan offers additional accidental death cover at no extra charge. With this specific plan, you also get regular money back via guaranteed annual regular payments in every policy year. This money back option can be availed form the sixth year. The total policy term is offered up to 15 years and limited premium period is up to 12 years after which you can stop paying premium and your policy will stay in force. At the time of maturity, you will get back at least 50% of the sum assured including the accumulated annual reversionary bonus as well as terminal bonus, if any.You can apply online for this type of life insurance policy with fast online application form that can be found on the official website of the insurance company. In this way, your online application will be processed faster and there will be less requirement of paper work.

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HDFC Bank Credit Cards for Non-Account Holders

Hdfc is one of the most prominent financial institutions, which is engaged in offering best suited solutions for individuals like credit card, loan products and so on. As per the standard norms and regulations, it is not necessarily that an individual must have an account with the respective bank to apply for the credit cards in India. It is true that some of the special privileges and benefits are offered with the various types of credit cards for those individuals who hold a separate account with the bank.     In a radical shift from its conventional practice, hdfc bank is now offering credit card to those individuals who are outside of its current base of clientele. With this approach, banks can increase their business and promote their products and brands on a wide basis. Hdfc  credit card is one of the best deals that are designed with exclusive features and can be availed easily with quick process.

Following are the features of these credit cards in India:

• Credit limit

• Balance

• Annual percentage rate

• Grace period• Finance charge

• Incentives and rewards     

Every credit card has some specified credit limit as per the eligibility of an individual. The balance on your credit card at any given time is the total of your purchases, finance charges, and credit card fees. It is completely your call how to pay it back. Annual percentage rate or APR is the interest rate applied on the balance that is carried beyond the grace period. Now, we come to grace period, which is a period in which cardholder is required to pay off the debt before any finance charge hits you. Finance charge is the cist for carrying over the balance in next bill cycle. With some cards, you get credit card rewards and incentives for using them.

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How To Get Secured Personal Loan?

To get a secured personal loan, the borrower pledges his asset with the lending institution. Generally, the value of the asset and the amount of loan both are considerably of high amount. For instance, the borrower has an option to pledge his house to obtain money, which can be utilized for upgrading and repairing of his flat or for buying a car. Due to the collateral on these assets, it becomes easy to obtain loans for buying them. Collateral is a tangible property that the lending institution places a lien on while giving the loan to a borrower. An example of such kind would be a home loan or car loan. The home remains in the possession of the owner but the lender has a right to take and sell the home if the owner will fail in repaying the loan amount.One can apply for a secured personal loan by visiting the branch of a bank and by showing proof of income and evidence of collateral. You can also apply online for the loan by visiting the website of the bank. There are various websites which are offering in-depth information about different loan options available in the market.  Many times, lending institutions may be less interested in offering you a secured loan if you have a bad credit. Therefore, it is recommended to clear off your debts before applying for a loan, otherwise you would be required to give a collateral of high value. Unfortunately, when you have a bad credit then secured loan will be offered for a smaller percentage of collateral value and the lender may charge high interest rate.

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Hospitalization Cover With Health Insurance

In this advanced time, the health insurance is offering a hospitalization cover that protects you against planned and unplanned medical expenses. With several health insurance policies in India an enhanced medical coverage is offered in order to facilitate policyholders. 

 There are various health insurance companies that offer cover for the reimbursement of the costs, which are incurred during a hospitalization of the insured person:

• Consultations, tests, treatment and pharmaceutical and homoeopathic products. Pharmaceutical and

• Homoeopathic products must be included in the list of specialties of the compulsory sickness and disability insurance

• A stay in hospital by the insured, which is not less than at least 24 hours

• Prosthetics or orthopedic appliances prescribed by a doctor provided they are directly related to the cause of the hospitalization and entail a right to a legal compensation.

• The costs of suitable medical transport for the insured and his donor to or from the hospital, provided these are proven by the means of a bill

• Mortuary costs are also covered that are charged on the hospital billUsually, within the hospitalization cover, only the specified costs that are directly related to the reason for the hospitalization of policyholder or insured person are covered. But, an exclusion is also there, if the insured individual is less than 18 years.

According to this clause, the costs of accompanying overnight accommodation in the same room for one parent or a guardian will also be covered under the similar cover. Hospitalization cover has been enhanced to facilitate policyholders in all aspects. Not only during hospitalization, your health plan will also provide you pre-hospitalization as well as post-hospitalization cover.

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Credit Profile And its Effect on Personal Loan Interest Rates in India

Credit profile is a kind of report that proves the credit worthiness of an individual. On the basis of the income, education, residence, age, employment, nature of job and other parameters, a bank creates a profile of the loan applicant. This data helps the bank in determining the credit-worthiness of the loan borrower. The whole idea of this exercise is to judge whether the applicant is an eligible candidate for the loan in question. Whether, he will be able to repay the loan back with accrued interest on the borrowed loan amount in the stipulated time frame.If an applicant has a previous credit history, it becomes an important tool for the banks to judge the credit profile of an individual. A person, who has taken a loan earlier and has paid it back with regular payments, creates a positive impression and gains positive credit score. On the contrary, an individual with a poor credit score will form a negative image and may face so many hurdles in gaining the approval for their personal finance.Banks provide detailed eligibility conditions with every loan product. The closer a borrower matches these conditions; the better will be the interest rates and loan terms. Having a consistent employment in a blue chip company, MNC, public sector undertaking, government office or a reputed private company will get a borrower low interest rate loan. The further you deviate from these established norms the higher will be the personal loan interest rates.The amount of salary one draws, determines the repayment capacity of an individual to a large extent. Banks generally give a personal loan of 10 times the monthly salary. So, if a person has a monthly salary of Rs. 50,000 banks will happily provide a

personal loan

of 5 lakhs provided he meets other eligibility requirements. On the other hand a person with a monthly salary of Rs. 25,000 will find it difficult to get a personal loan of 5 lakhs.

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