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Canara HSBC Life Insurance Blog

Dive into the world of insightful blogs that simplify the complexities of insurance and empowers your financial journey.

Recent Blogs

Will Budget 2026 Allow Joint Taxation for Married Couples?
29 Jan '26
8 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
Tax Saving
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
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
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 the GST Council? Role, Members & How It Works
14 Jan '26
537 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
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
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
1180 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
How to Save Tax on Salary Above ₹15 Lakhs? | Tax Saving Guide 2026
10 Jan '26
4812 Views
14 minute read
Learn how to save tax on salary above ₹15 lakhs using effective tax saving options, deductions, exemptions, and smart income tax planning strategies
Read More
Tax Saving
Deferred Tax Liability: Meaning, Calculation & Example
10 Jan '26
1097 Views
5 minute read
Learn about deferred tax liability through examples. Discover how to calculate and manage it for effective financial planning.
Read More
Tax Saving
Have Multiple Life Insurance Policies? Things You Should Know
09 Jan '26
1290 Views
7 minute read
Is it legal to own multiple life insurance policies? Would it cause any problem in claim settlement? Discover your answers here.
Read More
Life Insurance
Importance of Taxes in India: Types and Purposes
09 Jan '26
1904 Views
6 minute read
Explore the significance of taxes in India and understand why they matter. Learn about the Indian taxation system and its importance for citizens. Discover more with Canara HSBC Life Insurance.
Read More
Tax Saving
Understanding Tax Implications of Surrendering an Insurance Policy
09 Jan '26
1150 Views
5 minute read
Learn how the Tax Implications of Surrendering an Insurance Policy vary based on policy type, duration, and premium-to-sum assured ratio.
Read More
Tax Saving
Income Tax E Verification: How to E-Verify ITR After Filing?
08 Jan '26
1368 Views
11 minute read
Income tax e verification made simple. Learn how to e-verify your ITR using Aadhaar OTP, net banking, bank account or Demat to complete filing successfully.
Read More
Tax Saving
What is Corporate Tax in India? Rates, Slabs & Tax Planning
08 Jan '26
1275 Views
10 minute read
Understand corporate tax in India with detailed meaning, tax slabs, rates, and planning tips. Learn how businesses can optimise their corporate tax liability.
Read More
Tax Saving
Top 5 Steps to Respond to an Income Tax Notice Online
08 Jan '26
2241 Views
11 minute read
Learn five simple steps to respond to an income tax notice online, understand the reason for notice, submit replies correctly and avoid penalties.
Read More
Tax Saving
Top 5 Tax-Saving Schemes in India: ELSS, PPF & More
07 Jan '26
4894 Views
8 minute read
Discover 5 top tax-saving schemes in India! Learn how ELSS, PPF & more can help you save smartly. Explore Canara HSBC Life Insurance for added benefits.
Read More
Tax Saving
What is Superannuation? Types and Tax Benefits
07 Jan '26
707 Views
9 minute read
A superannuation benefit is a type of benefit that is paid to the employees by their employers as a pension benefit. Learn what superannuation is and how it works.
Read More
Retirement Plan
What Is Capital Gains Tax? Meaning, Types & Tax Rates Explained
07 Jan '26
4570 Views
16 minute read
Capital gain is the profit from selling assets, classified as short-term or long-term. Different tax rates apply based on the holding period of the assets.
Read More
Tax Saving
What is Dual GST Model in India? Overview & Benefits
07 Jan '26
1199 Views
5 minute read
Understand Dual GST in India, its structure, benefits, and impact on taxpayers. Learn more with Canara HSBC Life Insurance for effective tax planning.
Read More
Tax Planning
Section 80G of Income Tax Act: Eligibility & Limit of Tax Deduction for Donations
07 Jan '26
1929 Views
10 minute read
Learn what Section 80G of the Income Tax Act says and how you can claim tax deductions for donations to eligible charities and relief funds under Indian law.
Read More
Tax Saving
6 Mistakes to Avoid in Tax-Saving Investments in 2026
07 Jan '26
3554 Views
15 minute read
Learn the most common mistakes investors make while choosing tax-saving plans and how to avoid poor returns, wrong products and missed tax benefits.
Read More
Tax Saving
Tax Exemption vs Rebate - Income Tax Exemption Limits
06 Jan '26
12079 Views
6 minute read
Understand tax exemption vs rebate in India, including income tax exemption limits and how exemptions reduce taxable income under current tax rules.
Read More
Tax Saving
What is Survival Benefit in Life Insurance?
06 Jan '26
3234 Views
7 minute read
Learn about survival benefits in life insurance, how they work, and their key features. Understand eligibility and payouts with Canara HSBC Life Insurance.
Read More
Life Insurance
Types of Life Insurance: Which One is Best for You?
05 Jan '26
3117 Views
9 minute read
Learn about different types of life insurance policies with Canara HSBC Life Insurance. Discover the best plans in India in 2026 and know how to buy them online.
Read More
Life Insurance
What is Family Pension? Everything You Need to Know
05 Jan '26
1828 Views
10 minute read
Family Pension is a government scheme for central government employees. Learn its meaning, eligibility criteria, and how it works with Canara HSBC Life Insurance.
Read More
Retirement Plan
Tax Deduction Guide: How to Avail Deductions Under Section 80C?
05 Jan '26
1166 Views
7 minute read
Learn how to claim tax deductions under Section 80C to save on taxable income with eligible investments and expenses, up to ₹1.5 Lakh.
Read More
Tax Saving
Principle of Indemnity: Meaning, Concept, Example
05 Jan '26
4536 Views
11 minute read
Understand the Principle of Indemnity in insurance. Its meaning, concept, and real-life examples. Learn how it protects policyholders from financial loss.
Read More
Life Insurance
Is NPS Tax Benefit Available in New Tax Regime? | NPS Deduction Rules
05 Jan '26
4224 Views
7 minute read
Is NPS tax benefit allowed in the new tax regime? Understand eligibility, Section 80CCD(2) deductions, and how NPS works for taxpayers.
Read More
Retirement Plan
What is Pension? Meaning, Types & Benefits Explained
04 Jan '26
3682 Views
12 minute read
A pension is a retirement fund contributed by the employer, employee, or both, with the employer covering the largest share. Learn more with Canara HSBC Life Insurance!
Read More
Retirement Plan
What Happens if the Nominee Dies in a Term Insurance Plan?
04 Jan '26
1557 Views
7 minute read
If your nominee passes away while you're still insured, their nomination becomes void. Update your nominee to keep your term insurance secure. Find out how!
Read More
Term Insurance
Income Tax on 50 Lakh Salary: New Regime 2025–26
04 Jan '26
522 Views
5 minute read
Income tax on 50 lakh salary explained with slabs under the new regime 2025–26, how to save tax on 50 lakh salary, and tax saving in the old regime.
Read More
Tax Saving
Is a Limited Pay Term Insurance Plan a Good Idea?
03 Jan '26
880 Views
Learn whether limited pay term insurance plans are a good idea, how they work, who should consider them, and when paying premiums early makes sense.
Read More
Term Plan
What Is Zero Cost Term Insurance and How Does It Work?
03 Jan '26
1396 Views
11 minute read
Understand what zero cost term insurance means, how premium refund works, eligibility conditions, benefits, limitations, and whether this option suits long-term protection needs.
Read More
Term Insurance
Latest Income Tax Slabs and Rates Under New Tax Regime for FY 2026-27 (AY 2027-28)
02 Jan '26
12185 Views
15 minute read
Check the latest income tax slabs and rates for FY 2026-27. Understand taxable income rules and how the new tax regime affects your tax liability in 2026.
Read More
Tax Saving
Section 10 of Income Tax Act: Tax Exemption Guide Under Section 10(10D)
02 Jan '26
9183 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
What Should Be the Duration of a Term Insurance Plan?
02 Jan '26
1411 Views
7 minute read
How long should my term insurance cover be? Read this blog to know the right term insurance period and also know when you should buy it to ensure complete financial protection for your loved ones.
Read More
Term Insurance
Importance of Tax Planning: Its Meaning & Types in India
02 Jan '26
7955 Views
10 minute read
Discover the importance of tax planning in India and key tax planning strategies to legally reduce your tax liability and maximise savings.
Read More
Tax Saving
What is Tax Saving Fixed Deposit (FD)? Know the FD benefits & Rates in India
02 Jan '26
7287 Views
10 minute read
Discover tax saving fixed deposit benefits, how it saves tax under Section 80C and key tax saving FD rates available for 5-year tax-saving FDs in 2026.
Read More
Tax Saving
Why Does Liquidity Matter in Financial Planning?
02 Jan '26
1053 Views
8 minute read
Learn what liquidity means in financial planning, why easy access to funds is important, and how liquidity helps manage emergencies and short-term needs.
Read More
Financial Planning
Sukanya Samriddhi Yojana (SSY): Rate, Tax & How to Apply in 2026
01 Jan '26
6853 Views
15 minute read
Explore Sukanya Samriddhi Yojana 2026: interest rate, tax benefits under 80C, eligibility, deposit rules & how to open an SSY account step-by-step.
Read More
Child Plan
What Is Tax? Understanding the Tax Concept in India (2026 Guide)
01 Jan '26
6372 Views
9 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
What Is a Joint Life Insurance Policy and How Does It Work?
31 Dec '25
1180 Views
10 minute read
A joint life policy is a single plan that covers both the wife and the husband whether both of them are earning or only one. Understand how it works, who it suits best, key benefits, payout structure, and important points to consider before choosing one.
Read More
Life Insurance
How to Select the Perfect Term Insurance Plan in 2026?
31 Dec '25
3944 Views
12 minute read
Looking for the perfect term insurance plan? Learn key factors to consider when choosing the best coverage to protect your family future. Learn about term insurance benefits, premiums, and more!
Read More
Term Insurance
Can I Buy a Term Insurance For a Cancer Patient in India?
31 Dec '25
2832 Views
10 minute read
Term Insurance for Cancer Patients: While it is impossible to procure an insurance policy for an individual who has already been diagnosed with cancer. Read More!
Read More
Term Insurance
What Is Insurable Interest in Life Insurance?
31 Dec '25
2465 Views
11 minute read
Explains the meaning of insurable interest in life insurance, why it is required, who can have it, and how it affects policy validity and claims.
Read More
Life Insurance
9 Financial Resolutions to Become Money-Smart This Year
31 Dec '25
1281 Views
11 minute read
Buy the best life insurance plan and become financially fit. Learn 9 more different financial resolutions to make your year worthwhile.
Read More
Life Insurance
Planning Your First Child: Financial Steps to Prepare in 2026
30 Dec '25
902 Views
8 minute read
Learn how to plan for your first child by preparing finances, managing expenses, choosing insurance and building savings for a secure future.
Read More
Child Plan
Life Insurance vs Annuity Plan: 5 Key Differences
30 Dec '25
1378 Views
11 minute read
Understand five important differences between life insurance and annuity plans, including purpose, payouts, risk coverage and how each supports financial goals.
Read More
Life Insurance
Short Term Capital Gains Tax & Calculation | STCG Tax India
30 Dec '25
10703 Views
7 minute read
Understand short term capital gains tax in India. Know how STCG is taxed, rates, and calculation for different assets under current tax rules.
Read More
Tax Saving
Why Life Insurance Is Not a Contract of Indemnity?
29 Dec '25
2400 Views
10 minute read
Learn why life insurance is not treated as a contract of indemnity, highlighting key differences, principles involved, and how claim payouts work.
Read More
Life Insurance
7 Reasons Why a Single Person Should Buy Life Insurance Plan
29 Dec '25
4230 Views
12 minute read
Life insurance isn’t just for families! Here are 7 key reasons why single individuals should invest in a policy for long-term financial security.
Read More
Life Insurance
How BMI Affects Your Term Insurance Premium?
29 Dec '25
6889 Views
12 minute read
Learn how your BMI impacts term insurance premiums, why insurers assess weight and height, and how maintaining a healthy BMI can help lower costs.
Read More
Term Insurance
Term Insurance Till Age 99 - How Lifetime Coverage Works?
29 Dec '25
1004 Views
10 minute read
Understand term insurance till age 99 and how lifetime coverage works. Learn benefits, eligibility and why long-term protection matters for your family
Read More
Term Insurance
What Is Pure Term Insurance Plan in India?
29 Dec '25
3413 Views
7 minute read
Learn what a pure term insurance plan is, how it differs from savings-linked policies, what it covers, why premiums are lower, and who should choose it for income protection.
Read More
Term Insurance
How to Save Income Tax in India With ₹6.5 LPA Salary?
29 Dec '25
1284 Views
8 minute read
Learn effective ways to save income tax options for salaried individuals earning ₹6.5 lakh in India, including deductions, exemptions, investments, and tax regime choice.
Read More
Tax Saving
Income Tax on 25 Lakh Salary: New Regime 2025–26
29 Dec '25
620 Views
5 minute read
Income tax on 25 lakh salary explained with slabs under the new regime 2025–26, how to save tax on 25 lakh salary, and tax saving in the old regime.
Read More
Tax Saving
Tax on Income Interest Under Sections 234A, 234B & 234C of IT Act
28 Dec '25
9112 Views
13 minute read
Understand tax on interest income and how interest under Sections 234A, 234B & 234C works, plus links to deductions like Sec 24 & Sec 80E for salaried taxpayers in Income Tax Act of India.
Read More
Tax Saving
5 Ways a Term Insurance Plan Secures Your Family’s Future
28 Dec '25
881 Views
Explore the benefits of term insurance and see how it financially protects your family in your absence. Learn why term insurance is important
Read More
Term Plan
Should You Buy Term Insurance or Traditional Insurance in India?
28 Dec '25
2585 Views
6 minute read
Should you buy a term life insurance or a traditional life insurance plan? Understand the differences between term and traditional insurance, including coverage, premiums, returns, risk, and suitability to help choose the right life insurance policy.
Read More
Term Insurance
Does Health Insurance Cover Knee Replacement Surgery?
28 Dec '25
5083 Views
12 minute read
Learn whether health insurance covers knee replacement surgery, waiting periods involved, coverage limits, and key conditions you should check before treatment.
Read More
Health Plan
What Is the Right Way to Start Investing in Your 20s?
28 Dec '25
1081 Views
10 minute read
Learn how to invest in your 20s by balancing risk, building good habits early, choosing the right assets and setting the foundation for long-term wealth.
Read More
Financial Planning
Income Tax E Filing: How to File ITR Online in India 2026
27 Dec '25
10346 Views
15 minute read
Complete guide for income tax e filing in India. Learn how to file ITR online with the right forms, documents, and step-by-step instructions.
Read More
Tax Saving
Income Tax TDS & TDS Tax Slab Guide | TDS Rates Explained
27 Dec '25
11041 Views
15 minute read
Learn income tax TDS basics and current TDS tax slab rates in India, including salary, interest & other payments under the Income-Tax Act.
Read More
Tax Saving
Why Financial Planning Is Important for Long-Term Security?
27 Dec '25
4909 Views
11 minute read
Learn why financial planning is important, how it helps manage income, expenses and risks, and why it is essential for achieving long-term life goals.
Read More
Financial Planning
Using Whole Life Insurance to Secure Your Child’s Future
27 Dec '25
2194 Views
12 minute read
Learn how whole life insurance helps secure your child’s future by offering lifelong coverage, financial stability and long-term support for education and goals.
Read More
Child Plan
Do Life Insurance Policies Cover Suicidal Deaths?
27 Dec '25
1148 Views
10 minute read
The clauses of life insurance policies in India were amended in 2014 to include suicide as a plausible cause of death. Understand what does a life insurance plan covers before buying the best one.
Read More
Life Insurance
Best Investment Plans for 5 Years in India 2026
27 Dec '25
1549 Views
8 minute read
Explore the best investment plans for 5 years that balance returns and risk, helping you meet medium-term financial goals with stability and smart planning.
Read More
Financial Planning
How Long Does a Life Insurance Policy Take to Settle a Death Claim?
26 Dec '25
2423 Views
11 minute read
Learn the typical time taken to settle a life insurance death claim in India, the process involved, required documents, and factors that may cause delays.
Read More
Life Insurance
How Can You Ensure a Regular Income for Your Family?
26 Dec '25
3215 Views
7 minute read
Regular income defines your family’s lifestyle and financial status. Know practical ways to create a steady income stream for your family using savings plans, investments, insurance payouts, and disciplined financial planning.
Read More
Saving Plan
Persistency Ratio in Insurance: Meaning and Importance
26 Dec '25
2851 Views
10 minute read
Know what the persistency ratio in insurance means, how it is calculated, why it matters for insurers and policyholders, and what it indicates about policy performance.
Read More
Life Insurance
Comparison of Income Tax filing in India and the US
26 Dec '25
3301 Views
6 minute read
Discover the differences between filing taxes in India and the USA. Learn key insights with Canara HSBC Life Insurance for smarter financial and tax planning strategies.
Read More
Tax Saving
Taxation of Interest on EPF Contribution: All You Need to Know
26 Dec '25
1815 Views
7 minute read
Learn how to calculate taxable interest on provident fund (EPF) contributions to maximize your savings. Understand the EPF interest rate and its tax benefits.
Read More
Tax Saving
Net Present Value (NPV): Full Form, Meaning & Formula
26 Dec '25
3900 Views
10 minute read
Net Present Value (NPV) measures an investment's total value and profitability. Learn how NPV helps in investment planning with Canara HSBC Life Insurance.
Read More
Financial Planning
Income Tax on 35 Lakh Salary: New Regime 2025–26
26 Dec '25
515 Views
7 minute read
Income tax on 35 lakh salary explained with slabs under the new regime 2025–26, how to save tax on 35 lakh salary, and tax saving in the old regime.
Read More
Tax Saving
How Can You Calculate SIP Returns in India?
26 Dec '25
886 Views
8 minute read
Learn how to calculate SIP returns, understand expected vs actual returns, use formula or calculators, and plan investments effectively for long-term wealth creation.
Read More
Financial Planning
Single vs Regular Premium ULIP: Which Should You Choose?
26 Dec '25
1253 Views
6 minute read
Discover the difference between single-premium and regular-premium ULIP plans, and how to choose the right payment mode for your investment and protection goals.
Read More
Ulip
What Is the Extension in Tax-Saving Deadline in India?
25 Dec '25
2313 Views
5 minute read
Learn about extensions in tax-saving deadlines, why they happen, instruments affected, how relief works, and steps to plan tax-saving investments within revised timelines.
Read More
Tax Saving
Maturity Benefits in Life Insurance: Meaning and Types
25 Dec '25
2291 Views
10 minute read
Learn what is maturity benefits in life insurance are, how they work, the types of policies that offer them, and when policyholders receive payouts.
Read More
Life Insurance
Disability vs Critical Illness Insurance: Key Differences
25 Dec '25
1206 Views
8 minute read
Explore terminal illness vs critical illness and disability insurance to understand key differences, coverage features, benefits and when each type applies.
Read More
Term Insurance
Does Term Life Insurance Premium Change as per Age?
25 Dec '25
1133 Views
8 minute read
Learn whether term insurance premium increases every year and how age, health and policy factors affect your premium rates over time.
Read More
Term Insurance
Term Insurance for Housewife – A Complete Guide 2026
25 Dec '25
1029 Views
8 minute read
Learn all about term insurance for housewife, eligibility, benefits, documents needed and how a homemaker can secure financial protection with the right plan.
Read More
Term Insurance
What Is Terminal Illness cover in Term Insurance?
25 Dec '25
932 Views
8 minute read
Understand what is terminal illness in term insurance and how terminal illness term insurance cover works. Learn benefits, eligibility and claim features clearly.
Read More
Term Plan
Critical Illness with Return of Premium in One Term Plan
25 Dec '25
1191 Views
12 minute read
Explore term insurance with critical illness cover, including return of premium, payout details and key advantages that safeguard your health and financial future.
Read More
Term Insurance
ELSS Tax Saving vs ULIP: Tax Benefits & Key Differences
25 Dec '25
8333 Views
17 minute read
Compare ELSS and ULIP to understand ELSS tax benefits, tax-saving potential under Section 80C, returns, lock-in period, and suitability
Read More
Ulip
Top Term Insurance Features That Benefit Nominees Financially
25 Dec '25
1286 Views
10 minute read
Learn about the term insurance nominee and 12 key features of a term policy that protect your nominee’s future. Understand benefits, rights & payouts.
Read More
Term Insurance
Eligibility for Term Insurance - Buy Term Plan Online 2026
25 Dec '25
2157 Views
15 minute read
Learn about eligibility for term insurance in 2026, including age, health, income and minimum educational qualification for term insurance requirements.
Read More
Term Insurance
What is Income Replacement in Term Insurance Policy?
25 Dec '25
1198 Views
10 minute read
Discover how an income replacement plan in term insurance protects your family’s finances. Learn key benefits of an income replacement term insurance policy.
Read More
Term Insurance
Cash Benefit in Term Insurance - How It Works?
25 Dec '25
1329 Views
11 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
Term Plan Premium Payment Options Explained
25 Dec '25
1246 Views
10 minute read
Understand term plan premium payment modes including regular, limited and single premium options. Compare benefits and choose the right payment option
Read More
Term Insurance
Income Tax on 15 Lakh Salary: New Regime 2025–26
25 Dec '25
721 Views
5 minute read
Income tax on 15 lakh salary explained with slabs under the new regime 2025–26, how to save tax on 15 lakh salary, and tax saving in the old regime.
Read More
Tax Saving
How Bonus Is Calculated in Life Insurance Policies?
24 Dec '25
3486 Views
10 minute read
Learn how bonuses in life insurance are calculated, the factors that influence bonus rates, types of bonuses, and how they impact policy payouts.
Read More
Life Insurance
Life Insurance Bonuses: Types and How They Work?
24 Dec '25
2262 Views
7 minute read
Understand the different types of bonuses offered under life insurance policies, how they are calculated, when they are paid, and their impact on returns.
Read More
Life Insurance
Proposer in Insurance: Meaning, Role and Importance
24 Dec '25
3500 Views
10 minute read
The proposer and insured may be different, each with distinct roles and benefits. Learn more about who the proposer in insurance is, their role in buying a policy, responsibilities, and how they differ from the insured and nominee.
Read More
Life Insurance
What Were the Top Life Insurance Industry Trends in 2026?
24 Dec '25
1167 Views
6 minute read
Learn the top five life insurance industry trends in 2026, including digital adoption, product innovation, customer experience shifts, pandemic impact, and distribution changes.
Read More
Life Insurance
What Insurance Policies Suit You at Different Life Stages?
24 Dec '25
1784 Views
5 minute read
Learn which insurance policies are relevant at various life stages - from early career and marriage to parenthood and retirement - and how they support financial security.
Read More
Life Insurance

Editor's Choice

What is Insurance

What is Insurance? Definition, Types and Benefits

02 Dec '25
9310 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
1587 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
8245 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)

01 Jan '26
6372 Views
9 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
9310 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

Types of Term Insurance Plans in India
01 Sep '25
1587 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
8245 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)
01 Jan '26
6372 Views
9 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.