Online Life Insurance

Life insurance was originally only purchased to protect loved against financial hardship if they were to be a death in the family. Whilst these policies did what they said on the tin, they were not the right match for everyone. Situations in life can change very quickly which can impact on a person’s finances, and render previously purchased financial products inadequate.

For example someone who purchased a life insurance policy and then became terminal ill may need the policy money in order to help them survive whilst they are alive. On the hand people may outlive their life insurance policies, meaning that their family never actually sees the money they have been paying over the years. Read more

Kolkata, June 24 Life Insurance Corporation is to ramp up its equity exposure this year in a falling market scenario, Mr S.S. Dash, Zonal Head of LIC, said here on Tuesday. The corporation’s income from sale of equity in 2007-08 was Rs 10,000 crore, he said.

Speaking at the launch of its unit-linked endowment policy Market Plus-1, Mr Dash said, “LIC is inherently a long-time investor and we would utilise the opportunity in a falling market to park our assets in equity at cheaper rates, while sticking to IRDA guidelines.” Incidentally, LIC had recently increased its stake in Reliance Industries, HDFC Bank, ITC and Tata Steel. Read more