A life insurance policy is your safety net for the twists and turns ahead. But plans are liable to change and you may end up moving to a different city or country, you might face a job loss, your available cash might decrease, overall life goals shift, etc. In such a scenario may be unable or unwilling to keep your life insurance policy till maturity.
Surrender value is the amount that you are liable to receive for surrendering your life insurance policy before the end of the policy term. In this post, you’ll find out what surrender value is, the surrender value formula, why it is beneficial and more.

Death benefit or Life cover is by far the most important benefit of any life insurance or term insurance policy. This is the pre-determined payout that the insurer provides in order to provide the financial security of the life insured individual’s family if the unexpected happens. So, the life insurance death benefits serve as a central element of every life policy, ensuring families receive monetary support after losing their loved one. In this blog, we shall talk about life insurance death benefits.

In the view of life’s uncertainties, very few would say that life insurance is not an essential need in terms of the financial security it can provide to your loved ones, if you are no longer there. Given the importance of life insurance, it is definitely important to choose your insurance provider very wisely. While there are various factors such as claim settlement ratio, your prior experience with the insurers, etc. that can help make this choice, one relatively less considered factor is the solvency ratio of an insurance company.

In this blog, we discuss the definition of solvency ratio, the ideal solvency ratio and its role in life insurance.

An insurance policy is one of the most valuable instruments that allow us to enjoy such benefits. It is crucial to realize the importance of insurance and understand how they can positively impact our lives. Depending on your life stage and financial profile, the purpose of insurance may vary. You must understand the importance of insurance and its relevance to you in particular.

Let us discuss the role and importance of insurance in detail to have a better understanding.

"Hello Mr. Varun, I am calling from the IRDAI. We have a new insurance plan for you. You will have to return your existing policy so that we can send you a new one with more benefits. Let me take you through the process." said the caller.

Luckily Varun was aware that IRDAI doesn't sell insurance and never calls policyholders. He knew that IRDAI only regulates the insurance industry. He reported this call to the police.

However, most policyholders are not aware of these things and fall into this trap. They either end up divulging critical financial information or get duped into buying an additional insurance policy.