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Life Insurance & Financial Planning Insights

Expert articles on life insurance, savings, protection plans, and financial planning to support long-term financial decisions.

Recent Blogs

What Is ULIP & Why Do People Invest in It?
18 Feb '26
916 Views
7 minute read
Understand ULIPs, how they work, their benefits, charges, tax rules, and why investors choose ULIPs for long-term wealth creation.
Read More
Ulip
Dividend Tax Explained: Dividend Distribution Tax in India
18 Feb '26
1105 Views
8 minute read
Understand what dividend distribution tax(DDT) is, how dividend tax works in India, who pays dividend tax, and how it is taxed under income tax laws.
Read More
Tax Saving
How do I Surrender my Life Insurance Policy?
18 Feb '26
886 Views
6 minute read
Learn how to surrender your life insurance policy, reasons not to, required documents, and whether you can surrender your term plan with Canara HSBC Life Insurance.
Read More
Life Insurance
Types of Financial Planning: Key Strategies for a Secure Future
18 Feb '26
902 Views
Different types of financial planning guide your decisions at every life stage. Plan wisely from your first paycheck to retirement with Canara HSBC Life Insurance.
Read More
Financial Planning
Can I Buy A Life Insurance Policy For Someone With A Critical Illness?
17 Feb '26
878 Views
Life insurance may be difficult to obtain if you suffer from a critical illness. However, it is not impossible. Here are the details regarding this kind of life cover.
Read More
Life Insurance
Where Do Life Insurance Companies Invest Your Premiums?
17 Feb '26
2415 Views
10 minute read
Curious where life insurance companies invest your money? Get insights into how your premiums are managed for long-term growth and security.
Read More
Life Insurance
Joint Term Insurance Plan for Husband and Wife | Buy Spouse Term Plan in 2026
17 Feb '26
1218 Views
5 minute read
Explore the spouse life insurance and joint term insurance plan for husband and wife in 2026. Get clear insights on coverage, benefits, cost & how it works.
Read More
Term Insurance
Income Tax Act 1961: Overview, Key Provisions and Applicability
17 Feb '26
1176 Views
12 minute read
Learn about the Income Tax Act 1961, its purpose, key provisions, applicability, and how it governs income tax laws in India.
Read More
Tax Saving
5 Ways to Cash Out a Life Insurance Policy in 2026
17 Feb '26
4906 Views
15 minute read
Learn five common ways to cash out a life insurance policy, including surrender, loans and withdrawals, and understand the impact on coverage and payouts.
Read More
Life Insurance
Prepaid Insurance: Meaning, Examples & How Does it Work?
17 Feb '26
1552 Views
6 minute read
Learn about prepaid insurance, its benefits, and why it’s crucial for securing your financial future by ensuring continuous coverage without interruptions.
Read More
Life Insurance
Can We Transfer a Child Insurance Plan to Another Child?
16 Feb '26
1136 Views
5 minute read
Learn the rules for transferring child insurance plans. Use a child plan calculator to manage costs and secure your child’s future across key milestones.
Read More
Child Plan
A Guide to Financial Planning for Your Child’s Education Goals
16 Feb '26
843 Views
5 minute read
Early financial education helps children build smart money habits. Learn how a child savings plan can secure your child's education and future financial stability.
Read More
Child Plan
How to Open a Joint Investment Account with Your Teenager?
16 Feb '26
1082 Views
5 minute read
Learn how to open a joint investment account with your teenager, teach money management, and build long-term wealth together with practical, simple steps.
Read More
Child Plan
How Can You Build a Strong Overseas Education Fund for Your Child?
16 Feb '26
1296 Views
8 minute read
Learn practical tips to build a strong overseas education corpus for your child, manage rising foreign education costs, and plan early with the right investments.
Read More
Child Plan
Difference Between Financial Year (FY) vs. Assessment Year (AY)
16 Feb '26
1196 Views
7 minute read
Find out what is Assessment Year (AY) & Financial Year (FY). Visit this section and understand the difference between Financial Year and Assessment Year.
Read More
Financial Planning
Can Compound Interest Beat Inflation?
12 Feb '26
1897 Views
7 minute read
Compound interest grows your money, but inflation compounds too. Learn how to calculate and beat inflation with smart financial planning. Read more!
Read More
Saving Plan
How Can You Benefit from Limited Pay Term Insurance Plans?
12 Feb '26
869 Views
8 minute read
Learn how the limited pay option in term insurance works, its benefits, suitability, premium structure, and how it helps manage short-term payments while ensuring long-term coverage.
Read More
Term Insurance
Tips to Keep Financial Records Organized Effectively
12 Feb '26
619 Views
5 minute read
Learn how to sort, store, and manage your financial records with ease. Improve control and reduce financial stress.
Read More
Financial Planning
How Life Insurance Reduces Financial Stress During Illness?
12 Feb '26
61 Views
7 minute read
Learn how life insurance helps manage medical expenses, income loss, and family financial security during serious illness with practical examples.
Read More
Life Insurance
Smart Monthly Income Plans in India: A Complete Guide
11 Feb '26
1589 Views
7 minute read
Looking for stable monthly income? Explore smart savings plans that offer steady returns, financial security, and help you achieve long-term life goals.
Read More
Saving Plan
Partial Withdrawal from ULIPs: Steps, Limits & Eligibility
11 Feb '26
3889 Views
6 minute read
ULIPs allow partial withdrawals under certain conditions. Learn the limits, steps and eligibility for partial withdrawals with Canara HSBC Life Insurance.
Read More
Ulip
Types of Allowances in Salary: Definition, and Taxation Rules
11 Feb '26
1205 Views
6 minute read
Learn about various allowances like HRA, travel, medical, and special allowances, and understand their tax treatment and exemptions to optimise salary taxation.
Read More
Tax Saving
Penalty for Late Filing of Income Tax Returns (ITR) in 2026
11 Feb '26
1132 Views
7 minute read
Avoid penalties for late ITR filing! Learn about the financial and legal implications of missing deadlines and how to file on time.
Read More
Tax Saving
Cash Benefit in Term Insurance - How It Works?
11 Feb '26
1339 Views
10 minute read
Learn if term life insurance has cash value and when you can cash in term life insurance. Get clear answers about cash benefits and payout options
Read More
Term Insurance
HUF Taxation Explained: Benefits, Rules & How to Save Tax
11 Feb '26
111 Views
7 minute read
Learn how HUF taxation works in India, eligibility rules, tax benefits, deductions, and how Hindu Undivided Families can save income tax legally.
Read More
Tax Saving
What is IGST? Meaning, Rates and Calculation Explained
11 Feb '26
209 Views
7 minute read
Understand IGST, its full form, when it applies, current rates, and how to calculate Integrated GST for inter-state transactions in India.
Read More
Tax Saving
What Is Non-Traditional Life Insurance & Why It Matters?
11 Feb '26
127 Views
5 minute read
Explore non-traditional life insurance plans, how they differ from traditional policies, and why they matter for modern financial planning.
Read More
Life Insurance
What is CGST? Meaning, Rates & Features Explained
11 Feb '26
160 Views
7 minute read
Learn what CGST means, its full form, key features, tax rates, and how Central GST is applied under India’s GST framework.
Read More
Tax Saving
Women's Health Insurance: Best Plans & Maternity Coverage
11 Feb '26
945 Views
5 minute read
Explore the best women's health insurance plans, including maternity coverage. Find the perfect plan for your needs. Discover more @Canara HSBC Life Insurance
Read More
Health Plan
GST on Life Insurance: Rates, Charges & Rules in India
10 Feb '26
2897 Views
10 minute read
What impact does the Goods and Services Tax have on life insurance plans and your premium payments towards them? Here’s all you need to know.
Read More
Life Insurance
Terminologies of Life Insurance: Key Terms You Should Know
10 Feb '26
1082 Views
7 minute read
Learn common life insurance terms and definitions, including premium, nominee, sum assured, riders, and policy benefits to understand your coverage better.
Read More
Life Insurance
Financial Instrument: Meaning, Types and Importance
10 Feb '26
2684 Views
8 minute read
Financial instruments are essential to build and boost your wealth. Know the types of financial instruments available in India. Explore more about the tax benefits of financial instruments.
Read More
Financial Planning
Compound Interest Investment: Best Investment Options in India
10 Feb '26
2742 Views
10 minute read
The best compound interest investments bring consistent growth to your wealth. Use safe and aggressive options to grow wealth with Canara HSBC Life Insurance.
Read More
Saving Plan
Income Tax Rebate in India: Rules, Limits and Eligibility
10 Feb '26
1938 Views
8 minute read
Get money back with Income Tax Rebate! Learn what an income tax rebate is, who is eligible, applicable sections, limits, and how taxpayers in India can claim the rebate.
Read More
Tax Saving
What are the Various Charges in a Life Insurance Policy?
10 Feb '26
1685 Views
7 minute read
Learn about various life insurance policy charges, including premium allocation, mortality, fund management, and administrative fees affecting policy cost.
Read More
Life Insurance
Tax Collected at Source (TCS): Payment, Exemption & Rates
10 Feb '26
1059 Views
7 minute read
Learn about Tax Collected at Source (TCS), payment exemptions, and rates. Explore key details with Canara HSBC Life Insurance for smarter tax planning insights.
Read More
Tax Saving
Section 10 of Income Tax Act: Tax Exemption Guide Under Section 10(10D)
10 Feb '26
9194 Views
7 minute read
Learn sec 10 of Income Tax Act exemptions, including 10(10D) for life insurance payouts, and how tax-free incomes are treated under Indian tax law.
Read More
Tax Saving
Term Insurance For Home Loan: Protect Your Home Loan Today
10 Feb '26
2168 Views
11 minute read
Protect your home loan with term life insurance, a comprehensive guide. Learn how term insurance can help to protect your investment and secure your family's future.
Read More
Term Insurance
What Is Tax Liability? Meaning, Calculation & Examples
10 Feb '26
1986 Views
7 minute read
Tax liability is the total tax payable after deductions and exemptions. Learn its meaning, how to calculate tax liability and how it affects ITR filing in India with examples for individuals.
Read More
Tax Saving
Tax Exemption Rules in India: Types & Eligibility Guide
10 Feb '26
1073 Views
5 minute read
Learn tax exemption rules in India, available exemptions under income tax laws, eligibility criteria, and how exemptions help reduce your taxable income.
Read More
Tax Saving
What Is Form 16? Meaning, Benefits, and How to Download
10 Feb '26
4929 Views
9 minute read
Learn what Form 16 is, its components, how to download and use it for income tax filing, and why it is important for salaried taxpayers in India.
Read More
Tax Saving
TAN vs TIN: Difference, Meaning & Uses Explained
10 Feb '26
2971 Views
7 minute read
Learn what is the difference between TAN and TIN in income tax, their meanings, uses, eligibility, and when each number is required for tax compliance.
Read More
Tax Saving
How to Correct Mistakes in a Filed Income Tax Return?
10 Feb '26
38 Views
7 minute read
Made an error in your ITR? Learn how to revise or rectify a filed income tax return step-by-step using the official portal.
Read More
Tax Saving
How to Apply for a Duplicate PAN Card Online?
10 Feb '26
522 Views
7 minute read
Lost your PAN card? Know the steps how to apply for a duplicate PAN card online, required documents, fees, and tracking process.
Read More
Personal Finance
How to Cancel GST Registration Online in 2026?
10 Feb '26
107 Views
8 minute read
Step-by-step guide to cancel GST registration online in 2026, eligibility rules, documents required, and application process.
Read More
Tax Saving
Are Gifts from Family Members Taxable Under Income Tax?
10 Feb '26
112 Views
7 minute read
Know when you get a gift from family members are tax-free or not, applicable limits, rules under income tax law, and how to report them correctly.
Read More
Tax Saving
How to Apply for a Minor PAN Card for Your Child?
10 Feb '26
61 Views
7 minute read
Learn how to apply for a PAN card for a minor in India, documents required, online steps, and how it helps with investments.
Read More
Personal Finance
GPF vs PPF: Differences, Benefits & Which is Better?
10 Feb '26
506 Views
7 minute read
Compare GPF vs PPF in terms of eligibility, interest rates, tax benefits, withdrawal rules, and which is better for retirement planning.
Read More
Retirement Plan
Is SIP Tax Free? How to Start SIP To Save Tax on Your Income?
09 Feb '26
4420 Views
10 minute read
SIPs are one of the best tax-saving investments. Learn if SIP is tax-free under Section 80C of the Income Tax Act to plan your finances.
Read More
Financial Planning
Life vs Health vs Term Insurance: Key Differences Explained
09 Feb '26
1232 Views
10 minute read
Understand the difference between life insurance, health insurance and term insurance, what each one covers, when you need them, and how to choose the right protection.
Read More
Life Insurance
Budget 2026 & Sovereign Gold Bonds: How New Tax Rules Impact Returns
09 Feb '26
115 Views
6 minute read
Budget 2026 changes Sovereign Gold Bond taxation. Understand how the new rules affect real returns, capital gains, and gold investment decisions.
Read More
Budget News
Why Budget 2026 Made No Insurance Changes | Key Signals Explained
09 Feb '26
119 Views
6 minute read
Budget 2026 left insurance tax benefits unchanged. Understand what this silence signals for policyholders and the future of India’s insurance sector.
Read More
Budget News
Budget 2026 STT Changes: Impact on F&O Traders & Investors
09 Feb '26
235 Views
8 minute read
Budget 2026 revised Securities Transaction Tax (STT) rates explained. See how higher STT impacts F&O traders, options trading, and equity investors in India.
Read More
Budget News
Budget 2026 Indirect Tax Changes: Impact on the Common Man
09 Feb '26
226 Views
7 minute read
Budget 2026 indirect tax changes explained. See how customs duty cuts, GST reforms, and lower TCS impact household costs, healthcare, gadgets, and daily expenses.
Read More
Budget News
Unified Pension Scheme (UPS): Benefits, Returns & Eligibility
09 Feb '26
19 Views
8 minute read
Explore UPS pension scheme benefits, eligibility rules, returns, and how it compares with NPS and other retirement plans in India.
Read More
Retirement Plan
What Is a Demand Deposit & How It Helps Manage Money?
09 Feb '26
77 Views
7 minute read
Understand demand deposits, types, benefits, and how savings and current accounts help you manage daily finances and liquidity.
Read More
Personal Finance
Finance Act 2025: Key Income Tax Changes Explained
09 Feb '26
14 Views
6 minute read
Get a clear breakdown of major income tax changes introduced under the Finance Act 2025 and how they impact salaried and individual taxpayers.
Read More
Tax Saving
Bucket Strategy for Retirement: Meaning & How It Works
09 Feb '26
616 Views
8 minute read
Understand the bucket strategy for retirement planning and how it helps manage risk, income stability, and long-term wealth growth.
Read More
Retirement Plan
Term Insurance for Government Employees: Benefits & Guide
09 Feb '26
735 Views
6 minute read
Learn how term insurance helps government employees in India secure their family, understand key benefits, coverage needs, and policy selection tips.
Read More
Term Insurance
New Labour Codes 2025: Key Changes, Benefits & PDF
09 Feb '26
14 Views
8 minute read
Learn about the new labour codes in 2025, major reforms, employee benefits, employer impact, and download a detailed PDF guide.
Read More
Personal Finance
Is It Good to Buy NFO? Pros, Cons & Investment Tips
09 Feb '26
128 Views
7 minute read
Find out whether investing in NFOs is a good idea, understand risks, advantages, and when they suit your financial goals.
Read More
Investment
NFO vs IPO: Meaning, Differences & Which Is Better to Invest?
09 Feb '26
634 Views
5 minute read
Confused between NFO and IPO? Learn the key differences, risks, returns, and how to choose the right option based on your investment goals.
Read More
Investment
How Much Money Do you Need to Invest in a Savings Plan?
08 Feb '26
896 Views
8 minute read
Learn how to decide the right amount to invest in a savings plan based on income, goals, time horizon, risk comfort, and ongoing financial responsibilities.
Read More
Saving Plan
Budget 2026 Tax Slabs: Impact on Salaried & Self-Employed
08 Feb '26
235 Views
8 minute read
Budget 2026 income tax slabs explained for salaried and self-employed taxpayers. Compare old vs new tax regimes, rebates, deductions, and who benefits most.
Read More
Budget News
Top 3 Saving Plans to Consider Buying During COVID‑19
02 Feb '26
906 Views
6 minute read
Understand the importance of buying the best savings plan during the COVID-19 pandemic. Learn how a savings plan can protect your family financially when you are not around.
Read More
Saving Plan
Budget 2026 Live Updates: Tax Changes, Policies & Key Announcements
01 Feb '26
240 Views
8 minute read
Live updates on Budget 2026 announcement, including income tax changes, new proposals, and relief measures, policy announcements, and key measures impacting individuals and families in India. Also, read about policy changes in budget 2026 and how they may affect personal finance, savings, taxation, and long-term financial planning decisions.
Read More
Budget News
The Financial Talk We Avoid - but Shouldn’t
01 Feb '26
29 Views
6 minute read
Why this simple conversation can change how your family plans, saves, and prepares for the future. A must-read on financial readiness.
Read More
Personal Finance
Section 80C Limit Hike: What It Means for Taxpayers?
31 Jan '26
30 Views
5 minute read
Understand the proposed increase, eligible tax-saving investments, and how it could impact taxpayers and tax planning.
Read More
Budget News
Budget 2026: Home Loan Interest Deduction Expectations Explained
31 Jan '26
43 Views
6 minute read
Explore Budget 2026 expectations around home loan interest deduction, possible tax benefits, and what proposed changes could mean for salaried individuals and homeowners.
Read More
Budget News
Pros and Cons of Retirement and Pension Plans in India
30 Jan '26
2056 Views
10 minute read
Retirement plans ensure regular income after retirement. Know the pros & cons to choose the best plan for a financially stable, stress-free retired life.
Read More
Retirement Plan
Income Tax 2026: How the New Tax Regime Will Impact Taxpayers?
30 Jan '26
130 Views
8 minute read
Income tax in 2026 explained. Understand the new tax regime, structural changes, slab updates, and how these reforms will impact taxpayers and tax planning decisions.
Read More
Budget News
Budget 2026 Expectations: Relief on Long-Term Capital Gains
30 Jan '26
96 Views
8 minute read
Understand possible relief on long-term capital gains (LTCG), tax changes investors are hoping for, and what it could mean for your returns.
Read More
Budget News
How to Increase Coverage with Term and Life Insurance Riders?
29 Jan '26
1086 Views
10 minute read
A life insurance plan is an essential part of financial planning and life planning for everyone. It is essentially meant to protect your family financially in the event of your death.
Read More
Term Insurance
Should Women Get a Group Term Insurance or an Individual Cover Plan?
29 Jan '26
1190 Views
7 minute read
There is a difference between an individual and a group term insurance policy. Is it better for women to choose group insurance or an individual cover? Read on to find out which is best.
Read More
Term Insurance
Will Budget 2026 Allow Joint Taxation for Married Couples?
29 Jan '26
9 Views
8 minute read
Find out what Budget 2026 may introduce on joint taxation for married couples, expected benefits, policy outlook, and how it may impact taxpayers in India.
Read More
Budget News
How to Balance Liquidity and Long-Term Wealth Easily?
27 Jan '26
835 Views
6 minute read
Learn smart strategies to maintain short-term liquidity while building long-term wealth. Find the right balance to meet current needs and secure your financial future.
Read More
Saving Plan
Can Salaried Individuals Overpay Tax Unknowingly?
27 Jan '26
1530 Views
7 minute read
Are you unknowingly paying more tax? Discover how salaried employees often miss deductions and tips to optimize your income tax.
Read More
Tax Saving
What are the Advantages and Disadvantages of ULIP Plan?
22 Jan '26
1920 Views
7 minute read
Know the key disadvantages of ULIPs, including charges, risks, and lock-in. Learn tips to manage and reduce ULIP investment drawbacks.
Read More
Ulip
What is Income Tax Return (ITR)? Meaning & Filing Process of Filing ITR
21 Jan '26
4897 Views
10 minute read
Learn what an Income Tax Return (ITR) is, why filing your income tax return is important, and how to file your ITR online via the Income Tax Department. Documents, forms, steps, and FY 2026-27 details included.
Read More
Tax Saving
Public Provident Fund (PPF): Account, Features & Tax Benefits
20 Jan '26
1902 Views
10 minute read
Maximize your savings with PPF tax exemption. Discover how investing in a Public Provident Fund secures your future and reduces taxable income.
Read More
Saving Plan
What Is Advance Tax? How to Calculate Advance Tax and Pay It Online
20 Jan '26
2512 Views
9 minute read
Understand advance tax under income tax, who should pay it, how advance tax is calculated, due dates, and online payment steps to avoid penalties.
Read More
Tax Saving
Life Insurance Policy Lapse: Impact, Risks and What You Can Do?
16 Jan '26
3002 Views
10 minute read
Know what a life insurance policy lapse means, why it happens, how it affects coverage and benefits, and the options available to restore protection.
Read More
Life Insurance
Purpose of Financial Planning and Control in Money Management
16 Jan '26
3890 Views
10 minute read
An explanation of financial planning and control, focusing on budgeting, monitoring expenses, managing resources, and supporting long-term financial stability.
Read More
Financial Planning
Gross Total Income: How It is Different From Total Income?
15 Jan '26
1709 Views
10 minute read
Confused about gross income vs total income? Learn the difference and explore tax-saving schemes in India, including insights from Canara HSBC Life Insurance.
Read More
Tax Saving
What Is Premium in Life Insurance? Meaning & How It Works
15 Jan '26
1480 Views
8 minute read
Insurance premium is an amount paid by an individual to the insurance provider for availing of the insurance policy. Know the meaning & how to calculate the life insurance premium.
Read More
Life Insurance
How to e-Verify your Income Tax Return Using AADHAR Card?
15 Jan '26
1078 Views
8 minute read
Simplify your income tax return verification process. Learn how to e-verify ITR using Aadhaar Card or EVC with our step-by-step guide.
Read More
Tax Saving
What Are Best Ways to Save Tax in India Under 80CC?
15 Jan '26
3203 Views
10 minute read
Discover the best ways to save tax in India under Section 80CC. Learn about deductions, benefits, and smart tax-saving strategies with Canara HSBC Life Insurance.
Read More
Tax Saving
What Is Tax? Understanding the Tax Concept in India (2026 Guide)
15 Jan '26
6381 Views
11 minute read
Discover the tax concept in India, its importance, types, and how it affects your income. Updated for FY 2025–26 with practical examples.
Read More
Tax Saving
Importance of Taxes in India: Why Taxes Matter?
15 Jan '26
1608 Views
7 minute read
Understand the importance of taxes in India, how they support public services, economic growth, welfare schemes, and national development.
Read More
Tax Saving
Is a PF Account Enough for Retirement Planning in India?
15 Jan '26
3187 Views
10 minute read
Already have a PF account? Learn why a retirement plan is still essential for complete financial security and stress-free life after retirement.
Read More
Retirement Plan
Can You Claim Tax Deduction if Life Insurance Premium Is Paid by Family?
15 Jan '26
1235 Views
6 minute read
Find out if you can still claim life insurance premium tax deductions when your premium is paid by a family member. Know the eligibility and rules under Section 80C.
Read More
Tax Saving
What Is SGST? Meaning, Rates & Applicability Explained
15 Jan '26
626 Views
5 minute read
Learn what SGST means, its full form, tax rates, applicability, and how it works under the GST system for intra-state transactions.
Read More
Tax Saving
What is DigiLocker and How to Use It?
14 Jan '26
2365 Views
10 minute read
Discover what DigiLocker is and how to use it for secure document storage. Learn more about this digital solution and its benefits with Canara HSBC Life Insurance.
Read More
Personal Finance
What is the GST Council? Role, Members & How It Works
14 Jan '26
538 Views
5 minute read
Understand what the GST Council is, its structure, powers, and how it decides GST rates, laws, and policies across India.
Read More
Tax Saving
Subrogation in Insurance: What it Is and Why It's Important?
13 Jan '26
1258 Views
8 minute read
Learn about subrogation in life insurance and how it affects your claims. Discover more insights with us for smarter coverage and financial security.
Read More
Life Insurance
Why is Your ITR Refund Delayed and What Can You Do?
13 Jan '26
534 Views
5 minute read
ITR refund delayed? Know the common reasons, timelines, and step-by-step actions to track, raise grievances, and speed up your income tax refund.
Read More
Tax Saving
Postal Life Insurance Scheme in India: Coverage and Benefits
12 Jan '26
903 Views
7 minute read
Postal Life Insurance scheme provides high returns at low premium amounts. A smart insurance product that yield good returns. Learn who is eligible, policy types offered, key benefits, premium structure, and how it compares with private life insurance plans.
Read More
Life Insurance
Why Should You Check Your CIBIL Score Regularly?
12 Jan '26
540 Views
5 minute read
Learn why checking your CIBIL score regularly helps improve loan approval chances, interest rates, and financial health. Simple guide for Indian consumers.
Read More
Personal Finance
80CCC: What is Deduction Under Section 80CCC?
11 Jan '26
1179 Views
6 minute read
What is Section 80CCC? How can you claim deductions under section 80CCC? Learn the eligibility criteria to claim a deduction under section 80CCC with a life insurance policy.
Read More
Tax Planning
Best Investment Options with High Returns in 2026
10 Jan '26
9681 Views
16 minute read
Best Investment Options in India. Looking for investments to meet your long-term financial goals? Here are the best investment plans for the year 2026 in India.
Read More
Life Insurance

Editor's Choice

What is Insurance

What is Insurance? Definition, Types and Benefits

02 Dec '25
9311 Views
10 minute read

Insurance is a contract between an insurance company and an individual/business that helps the latter to receive financial compensation from the insurance company against the loss.

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Types of Term Insurance Plans in India

01 Sep '25
1588 Views
10 minute read

Learn about the different types of term insurance plans, including level term, increasing cover, decreasing cover and return of premium options, to choose what suits your needs.

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TDS on Rent: Section 194I of Income Tax Act Explained

12 Dec '25
8243 Views
14 minute read

Understand TDS on rent limits, calculation methods, applicable rates, and threshold limits. Learn how to comply with tax regulations effectively.

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What Is Tax? Understanding the Tax Concept in India (2026 Guide)

15 Jan '26
6381 Views
11 minute read

Discover the tax concept in India, its importance, types, and how it affects your income. Updated for FY 2025–26 with practical examples.

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How Should You Plan Retirement Effectively in Your 50s?

17 Dec '25
1086 Views
8 minute read

If you're 50 to 60 years old and haven't started saving for retirement, here is how to plan retirement in your 50s by reassessing savings, managing risk, maximising contributions, planning income sources, and preparing for healthcare costs.

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5 Smart Tips to Plan Your Child’s Education Abroad in 2026

07 Aug '25
1233 Views
10 minute read

Planning your child’s education abroad? Follow this 5-step checklist to ensure financial readiness and secure their academic future efficiently.

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What is Insurance

What is Insurance? Definition, Types and Benefits

What is Insurance? Definition, Types and Benefits
02 Dec '25
9311 Views
10 minute read
Insurance is a contract between an insurance company and an individual/business that helps the latter to receive financial compensation from the insurance company against the loss.
Read More

Types of Term Insurance Plans in India

Types of Term Insurance Plans in India
01 Sep '25
1588 Views
10 minute read
Learn about the different types of term insurance plans, including level term, increasing cover, decreasing cover and return of premium options, to choose what suits your needs.
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TDS on Rent: Section 194I of Income Tax Act Explained

TDS on Rent: Section 194I of Income Tax Act Explained
12 Dec '25
8243 Views
14 minute read
Understand TDS on rent limits, calculation methods, applicable rates, and threshold limits. Learn how to comply with tax regulations effectively.
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What Is Tax? Understanding the Tax Concept in India (2026 Guide)

What Is Tax? Understanding the Tax Concept in India (2026 Guide)
15 Jan '26
6381 Views
11 minute read
Discover the tax concept in India, its importance, types, and how it affects your income. Updated for FY 2025–26 with practical examples.
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How Should You Plan Retirement Effectively in Your 50s?

How Should You Plan Retirement Effectively in Your 50s?
17 Dec '25
1086 Views
8 minute read
If you're 50 to 60 years old and haven't started saving for retirement, here is how to plan retirement in your 50s by reassessing savings, managing risk, maximising contributions, planning income sources, and preparing for healthcare costs.
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5 Smart Tips to Plan Your Child’s Education Abroad in 2026

5 Smart Tips to Plan Your Child’s Education Abroad in 2026
07 Aug '25
1233 Views
10 minute read
Planning your child’s education abroad? Follow this 5-step checklist to ensure financial readiness and secure their academic future efficiently.
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Frequently Asked Questions

Buying a life insurance plan with adequate coverage can be a financial cushion for your family. It ensures that the family's lifestyle and goals are not compromised due to unfortunate events such as death or disability. 

 

Some life insurance plans, like Unit Linked Insurance Plans (ULIPs), offer wealth creation opportunities to policyholders, along with life coverage. These plans let you invest your premiums in different securities, like equity, debt, and more, to enjoy the benefits of inflation-beating returns. 

Life insurance policies offer valuable tax benefits, enabling you to enhance your returns and accumulate savings. The premiums paid for the policy qualify for deduction under Section 80C of the Income Tax Act, 1961, up to ₹ 1.5 lakhs annually, subject to certain conditions. Furthermore, the funds withdrawn from the policy after the lock-in period and the maturity value received from life insurance plans are also tax-free. 

  

Your source of income will no longer exist with you after retirement. It is crucial to have enough money saved up so that, when you retire, you won't need to worry about anything. Together with a steady income stream, retirement plans offer life insurance.