The rule of thumb in financial planning says that life cover should be worth 6-7 times of your current annual income.
If your current annual income is 4 lakh then the insurance policy should provide a cover of Rs 24 lakh.
This calls for a pure-risk policy, which offers an extensive cover at minimal cost. Hybrid investment products, with moiney back option cost several times more for the same amount of risk cover.
A term plan is the best option when the purpose is life cover.
Wednesday, November 11, 2009
Wednesday, November 4, 2009
Cheap Car Insurance
A simple way to get really cheap car insurance is to improve your car's security and safety features.
2) Install anti-theft devices.
3) If your vehicle is well-equipped with a good number of security features, you are more likely to get a discount.
4) Avoid taking small claims , this will help you in long run, No claim bonus (NCB) can go upto 50% , this will save your insurance cost.
2) Install anti-theft devices.
3) If your vehicle is well-equipped with a good number of security features, you are more likely to get a discount.
4) Avoid taking small claims , this will help you in long run, No claim bonus (NCB) can go upto 50% , this will save your insurance cost.
5) Do not let your coverage lapse, even for a short time. You will end up losing your car insurance discounts, and most insurance companies do not want to insure and uninsured driver.
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