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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 an Employee Salary Slip? Format, Components & Tax Benefits
19 Mar '26
4080 Views
13 minute read
Learn what a salary slip is, why it matters, and how it impacts your tax-saving strategies. Includes downloadable format and latest rules.
Read More
Tax Saving
What is TDS and TCS? Difference Between TDS and TCS
18 Mar '26
8050 Views
9 minute read
Understand the key differences between TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) for smarter tax savings. Explore the Canara HSBC Life Insurance blog for insights.
Read More
Tax Saving
Who is an Insurance Agent? Role & Responsibilities Explained
18 Mar '26
102 Views
8 minute read
Learn who an insurance agent is, the role of an insurance agent, and how they help you choose the right insurance coverage and manage policies effectively.
Read More
Life Insurance
What is an Appointee in Life Insurance? Role & Meaning Explained
18 Mar '26
100 Views
8 minute read
Learn what an appointee in life insurance is, their role, and how they differ from an insurance nominee in managing policy claims for minor beneficiaries.
Read More
Life Insurance
What is Adverse Selection in Insurance? Meaning & Impact Explained
18 Mar '26
99 Views
6 minute read
Understand adverse selection in insurance, its impact on premiums, and how insurance risk assessment helps insurers manage high-risk policyholders effectively.
Read More
Life Insurance
What is an E-Term Insurance Plan? Benefits & Features Explained
18 Mar '26
96 Views
7 minute read
Learn what an e-term insurance plan is, how it works, and its benefits. Understand term insurance plans, features, and tips to choose the right cover.
Read More
Term Insurance
Senior Citizen Card: How to Apply for it Online?
12 Mar '26
13612 Views
10 minute read
Learn the step-by-step process to apply for a Senior Citizen Card in India. Discover eligibility criteria, required documents, and benefits that come with the card for senior citizens.
Read More
Retirement Plan
No Smoking Day: How Smoking Affects Life Insurance and Financial Security?
11 Mar '26
324 Views
8 minute read
On No Smoking Day, learn how smoking impacts life insurance premiums, policy eligibility and long-term financial security for you and your family.
Read More
Life Insurance
Why Life Insurance for Women Is Crucial This International Women’s Day?
07 Mar '26
125 Views
7 minute read
On International Women’s Day 2026, understand why life insurance for women is essential to secure financial independence, protect families, and plan for long-term stability.
Read More
Life Insurance
What Is Tax Liability? Meaning, Calculation & Examples
05 Mar '26
1994 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.
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Tax Saving
What is the Principle of Contribution in Insurance?
05 Mar '26
1712 Views
7 minute read
Understand the principle of contribution in life insurance and how it applies to your policy. Explore insights from Canara HSBC Life Insurance to safeguard your financial future.
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Life Insurance
5 Reasons Your Life Insurance Application May Be Rejected
27 Feb '26
2610 Views
7 minute read
Learn the top 5 reasons why a life insurance application may be declined, including medical history, incorrect details, financial risks, and underwriting concerns.
Read More
Life Insurance
Key Features and Benefits of Life Insurance in India
27 Feb '26
1417 Views
13 minute read
Understand the key features and benefits of life insurance in India, including financial protection, tax advantages, savings options, and long-term security.
Read More
Life Insurance
How Life Insurance Protects Families Facing Rare Health Conditions?
27 Feb '26
24 Views
8 minute read
Learn how life insurance helps families facing rare health conditions maintain financial stability through income protection and long-term planning support.
Read More
Life Insurance
Life Insurance Payout Process: How It Works in India?
26 Feb '26
896 Views
5 minute read
Understand how life insurance payouts work in India, including claim settlement process, payout options, timelines, and nominee payment methods.
Read More
Life Insurance
10 Key Benefits of Term Life Insurance You Must Know
25 Feb '26
885 Views
5 minute read
Looking for the right life cover? Find out 10 powerful ways term life insurance can benefit you & help secure your family's financial future in India.
Read More
Term Plan
Section 195 of Income Tax Act - TDS for NRIs Explained
25 Feb '26
1067 Views
7 minute read
Learn all about Section 195 of the Income Tax Act, its applicability on NRI payments, TDS rates & how it impacts non-resident Indians earning in India.
Read More
Tax Saving
Is Term Insurance Claim Guaranteed? Key Claim Approval Factors
25 Feb '26
61 Views
7 minute read
Learn whether term insurance claims are guaranteed, common reasons for rejection, and best practices policyholders should follow to ensure smooth claim settlement.
Read More
Term Insurance
FATCA Declaration: Meaning, Eligibility & Filing Guide
25 Feb '26
67 Views
6 minute read
Understand FATCA declaration requirements, who must submit it, reporting rules for foreign financial assets, and why compliance is important for Indian taxpayers.
Read More
Tax Saving
Pension Plan Payout Options: Choosing the Right Retirement Income
25 Feb '26
73 Views
6 minute read
Explore different pension payout options such as annuity types, lump sum withdrawals, and income streams to select the best retirement income strategy for your needs.
Read More
Retirement Plan
Concentration vs Diversification: Which Investment Strategy Wins?
25 Feb '26
31 Views
5 minute read
Compare concentrated and diversified investment strategies, understand risk-return trade-offs, and learn how to choose the right allocation approach for long-term goals.
Read More
Investment
Insurance for All by 2047: India’s Financial Protection Vision
25 Feb '26
33 Views
7 minute read
Understand India’s Insurance for All 2047 initiative, its objectives, expected benefits, and how expanding insurance penetration can strengthen financial security nationwide.
Read More
Personal Finance
Retirement Age in India: Current Rules & Planning Insights
25 Feb '26
71 Views
6 minute read
Learn about the official retirement age across sectors in India, early retirement considerations, and how retirement timing impacts long-term financial planning goals.
Read More
Retirement Plan
Income Tax Rates in India: Latest Slabs & Comparison Guide
25 Feb '26
78 Views
6 minute read
Explore current income tax rates under old and new regimes, slab-wise comparisons, and practical tips to select the most suitable tax regime for your income profile.
Read More
Tax Saving
Latest TDS Rate Chart FY 2025-26 - Section-Wise Breakdown
24 Feb '26
1222 Views
7 minute read
Looking for the latest TDS rates? Check the complete TDS rate chart for FY 2025-26 (AY 2026-27) covering all sections, thresholds & applicable rates.
Read More
Tax Saving
Presumptive Income Tax Filing - A Complete Guide
24 Feb '26
4244 Views
10 minute read
Learn all about presumptive income tax filing, its eligibility, key benefits & how it simplifies tax compliance for businesses & individuals in India.
Read More
Tax Saving
Are You Overpaying Tax as a Salaried Individual? Find Out
24 Feb '26
1536 Views
7 minute read
Did you know salaried individuals often overpay tax without realising it? Discover common reasons & smart tips to avoid overpaying taxes in India.
Read More
Tax Saving
Old vs New Tax Regime - Which One is Right for You in 2026?
24 Feb '26
793 Views
6 minute read
Confused between old & new tax regime in 2026? Get a complete comparison of both regimes, key differences & find out which one suits your income best.
Read More
Tax Saving
Retirement Planning for Couples with Unequal Income Levels
24 Feb '26
55 Views
6 minute read
Learn how couples with unequal income streams can plan retirement effectively through joint investments, income pooling, and optimized retirement corpus strategies.
Read More
Retirement Plan
7 Percent Rule for Retirement in India: How It Works?
24 Feb '26
83 Views
7 minute read
Understand the 7 percent retirement rule, how it estimates required retirement savings, and how Indian investors can apply this approach for stress-free retirement planning.
Read More
Retirement Plan
Funding a Master’s Degree Abroad: Investment Planning Guide
24 Feb '26
66 Views
7 minute read
Discover investment planning approaches, education funding options, and saving strategies to finance your master’s degree abroad without disrupting long-term goals.
Read More
Investment
Child Education vs Retirement Planning: Which Should Come First?
24 Feb '26
66 Views
7 minute read
Understand how to balance child education funding and retirement planning effectively using goal prioritization, investment allocation, and long-term financial strategies.
Read More
Personal Finance
Investment Planning for Buying Your Dream Home
24 Feb '26
64 Views
7 minute read
Explore investment strategies, savings timelines, and financial planning techniques that help you build a strong corpus for purchasing your dream home confidently.
Read More
Investment
How to Save for Solo Travel? Smart Financial Planning Tips
24 Feb '26
62 Views
8 minute read
Learn practical saving strategies, budgeting methods, and investment options that can help you build a travel fund efficiently for your first solo international trip.
Read More
Personal Finance
What is a Deferred Pension? Meaning and It's Types
23 Feb '26
750 Views
7 minute read
Deferred Pension means you get the pension fund that you have accumulated a little later. You have the option to delay the accessibility to your pension pot.
Read More
Retirement Plan
Top 5 Features of Online Term Insurance Plans in India
23 Feb '26
982 Views
5 minute read
Thinking of buying term insurance online? Find out the top 5 features of online term insurance plans & why they are a smart choice for your family.
Read More
Term Insurance
Why Buy a Term Plan Before 30? 5 Reasons You Cannot Ignore
23 Feb '26
788 Views
5 minute read
Still in your 20s? Find out why buying a term plan before you turn 30 is one of the smartest financial decisions you can make for your family's future.
Read More
Term Insurance
Short Term Capital Gains Tax & Calculation | STCG Tax India
23 Feb '26
10714 Views
11 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
What Is TAN? How to Apply for TAN in India
23 Feb '26
1957 Views
10 minute read
What is TAN? Understand its structure, importance, and how to apply for a Tax Deduction and Collection Account Number (TAN) easily in 2026.
Read More
Tax Saving
What is EPF Form 10C? Meaning, Benefits, Eligibility
23 Feb '26
1412 Views
6 minute read
Learn about EPF Form 10C. Its meaning, benefits, and eligibility. Find out how submit form 10C online and how can help you with your Employee Provident Fund.
Read More
Tax Saving
Import Tax in India: Why Imports Are Heavily Taxed?
23 Feb '26
1970 Views
6 minute read
Understand why imports are heavily taxed in India, how import tax works, and the economic and policy reasons behind high import duties.
Read More
Tax Saving
Health Insurance for HIV-Positive Individuals: Coverage Guide
23 Feb '26
86 Views
5 minute read
Explore health insurance options for HIV-positive individuals in India, coverage inclusions, waiting periods, eligibility rules, and factors to review before buying a policy.
Read More
Health Plan
Signs of Financial Stability: How to Know You’re Secure
23 Feb '26
100 Views
5 minute read
Discover key indicators of financial stability, including savings strength, debt control, emergency funds, and long-term investment readiness for a secure future.
Read More
Personal Finance
TDS on EPF Withdrawal: Rules, Limits & Tax Impact
23 Feb '26
93 Views
7 minute read
Learn when TDS is deducted on EPF withdrawals, applicable thresholds, tax-saving exemptions, and steps you can take to avoid unnecessary deductions.
Read More
Personal Finance
Expenditure Tax in India: Meaning, Applicability & Examples
23 Feb '26
114 Views
6 minute read
Understand the concept of expenditure tax in India, when it applies, sectors affected, calculation approach, and practical examples to clarify its financial implications.
Read More
Tax Saving
TDS on Foreign Remittances: Rates, Limits & Rules Explained
23 Feb '26
37 Views
7 minute read
Learn how TDS applies to foreign remittances under LRS, applicable rates, thresholds, exemptions, and how these deductions affect your overseas payments and tax filing.
Read More
Tax Saving
Margin of Safety in Financial Planning: Protect Your Wealth
23 Feb '26
92 Views
6 minute read
Learn how applying the margin of safety principle in financial planning helps manage risks, build investment buffers, and protect long-term wealth from uncertainties.
Read More
Personal Finance
Systematic Transfer Plan (STP): Meaning, Benefits & How It Works
23 Feb '26
32 Views
7 minute read
Discover how STPs help investors shift funds gradually between schemes, manage market volatility, and optimize investment returns through disciplined transfer strategies.
Read More
Investment
Short-Term Capital Gains (STCG): Tax Rules & Calculation Guide
23 Feb '26
64 Views
6 minute read
Understand how short-term capital gains are calculated, applicable tax rates across asset classes, exemptions available, and planning tips to manage STCG tax liability.
Read More
Tax Saving
Buying Life Insurance for Someone With a Critical Illness
22 Feb '26
894 Views
7 minute read
Covers eligibility, underwriting considerations, and factors involved when purchasing life insurance for someone with a critical illness.
Read More
Life Insurance
Best Age to Start Investing in a Savings Plan for Your Child
22 Feb '26
1004 Views
7 minute read
Wondering when to start investing in a savings plan for your child? Discover the right age & smart tips to secure your child's financial future today.
Read More
Saving Plan
How to Check Old Age Pension? A Step-by-Step Guide
22 Feb '26
1038 Views
7 minute read
Discover the easy steps to check your old age pension status with our comprehensive guide. Ensure a secure retirement with Canara HSBC Life Insurance expert advice and assistance. Stay informed about your pension effortlessly.
Read More
Retirement Plan
Monthly Income Plan - Benefits, Features & How It Work?
22 Feb '26
3887 Views
6 minute read
Curious about monthly income plans? Discover what a monthly income plan is, how it works & the key benefits it offers for steady long-term security.
Read More
Saving Plan
Section 80CCG - Tax Deduction, Eligibility & How It Works
22 Feb '26
1060 Views
6 minute read
Want to save more on taxes? Get a complete overview of Section 80CCG, its meaning, eligibility criteria & deduction benefits for equity scheme investors.
Read More
Tax Saving
Section 206AB of Income Tax Act - All You Need to Know
22 Feb '26
1011 Views
6 minute read
Learn all about Section 206AB of the Income Tax Act, its key provisions, applicability & how it impacts TDS deductions for specified persons in India.
Read More
Tax Saving
Key Eligibility Conditions of a Savings Plan Explained
21 Feb '26
894 Views
5 minute read
Planning to buy a savings plan? Discover the key eligibility conditions you must meet before investing & make a well-informed financial decision today.
Read More
Saving Plan
Best Ways to Save Money for Salaried Professionals
21 Feb '26
882 Views
5 minute read
Are you a salaried professional looking to save more? Explore the best money-saving tips & strategies to build long-term financial security in India.
Read More
Saving Plan
Importance of Future Spending Goals in Retirement Planning
20 Feb '26
1001 Views
7 minute read
Understand why defining future spending goals is essential for retirement planning. Learn how budgeting, inflation, and lifestyle choices shape your retirement corpus.
Read More
Retirement Plan
Why Renewing Your Savings Plan is Important?
20 Feb '26
894 Views
6 minute read
Did you know renewing your savings plan is crucial for long-term growth? Explore the usefulness & importance of savings plan renewal with Canara HSBC Life Insurance.
Read More
Saving Plan
Best Savings Plan for Women - 7 Key Features to Know
20 Feb '26
884 Views
6 minute read
Looking for the right savings plan as a woman? Explore 7 key features that make a women-focused savings plan ideal for long-term financial security.
Read More
Saving Plan
How to Calculate The Capital Gain Tax In India?
20 Feb '26
1172 Views
7 minute read
Understand the procedure to calculate capital gains tax in India with this detailed guide. Learn about tax rates, exemptions, and filing requirements.
Read More
Tax Saving
Top 3 Tax Saving Options Beyond Section 80C in India
20 Feb '26
1075 Views
7 minute read
Exhausted your Section 80C limit? Find out 3 smart tax saving options beyond Section 80C to further reduce your tax liability & maximise savings today.
Read More
Tax Saving
Plan Retirement for a ₹30,000 Monthly Pension: Steps to Build Your Corpus
20 Feb '26
720 Views
8 minute read
Learn how to plan retirement for a ₹30,000 monthly pension. Estimate retirement corpus needs, start early, and choose the right savings options.
Read More
Retirement Plan
Why It’s Time to Upgrade Your Savings Strategy?
20 Feb '26
560 Views
9 minute read
Still using an outdated savings strategy? Discover smart ways to upgrade your savings plan & maximise your returns for long-term financial success.
Read More
Saving Plan
Will Your Retirement Corpus Be Enough? How to Check?
19 Feb '26
1925 Views
8 minute read
Calculate whether your retirement corpus can support your future lifestyle. Review expenses, inflation, savings, and income sources to estimate retirement readiness.
Read More
Retirement Plan
Best Retirement Plans for Individuals Aged 30 to 40 Years
19 Feb '26
1112 Views
6 minute read
Explore the best retirement planning options for ages 30–40. Learn how to build savings, balance investments, and secure long-term financial stability.
Read More
Retirement Plan
Monthly Income Plan Explained: How It Works & Why You Need One?
19 Feb '26
1188 Views
8 minute read
Learn how a monthly income plan works, explore its key features and benefits, and see how it ensures a steady income stream for your financial goals in India.
Read More
Saving Plan
How to Buy the Best Term Insurance Plan Online in 5 Steps?
19 Feb '26
1301 Views
7 minute read
Ready to buy term insurance online? Follow these 5 easy steps to choose & buy the best term insurance plan online & secure your family's future today.
Read More
Term Insurance
When Should You Buy a Retirement Plan? Key Factors to Consider
19 Feb '26
2833 Views
9 minute read
Find out the best time to invest in a retirement plan. Understand factors like age, income, and financial goals to start planning for a stable future.
Read More
Retirement Plan
Top 17 Short-Term Investment Options in India for 2026
19 Feb '26
1337 Views
8 minute read
Explore 17 short‑term investment options in India for 2026. Compare choices that help you manage funds, earn steady returns, and meet near‑term financial goals
Read More
Saving Plan
How to Save Money? Tips on Save Money in 2026
18 Feb '26
1465 Views
10 minute read
How to save money - Learn the best tips and some simple ways to save money. Learn more about the benefits of saving money as soon as you start earning.
Read More
Financial Planning
7 Reasons Self-Employed People Need a Savings Plan
18 Feb '26
882 Views
5 minute read
Self-employed? Discover 7 strong reasons why having a savings plan is essential for financial stability and long-term security with Canara HSBC Life Insurance.
Read More
Saving Plan
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.
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Ulip
Dividend Tax Explained: Dividend Distribution Tax in India
18 Feb '26
1106 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
887 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
Different Types of Pension Plans and Their Tax Benefits
17 Feb '26
3893 Views
7 minute read
Explore various pension plans in India and understand their tax benefits. Learn how to secure your retirement with the right plan and maximize tax savings.
Read More
Retirement Plan
How to Choose the Best Retirement Plan in India? A Simple Guide
17 Feb '26
901 Views
9 minute read
Choose the best retirement plan in India with practical tips on savings, pension options, tax benefits, and long-term financial security.
Read More
Retirement Plan
How Newly Married Couples Can Start Retirement Planning?
17 Feb '26
890 Views
6 minute read
Plan retirement early as a newly married couple. Align financial goals, savings, and investments to build long-term security together.
Read More
Retirement Plan
Top 5 Features of Savings Plans | Canara HSBC Life Insurance
17 Feb '26
3492 Views
8 minute read
Discover the top 5 features of Canara HSBC Life savings plans. From guaranteed returns to flexibility, find the plan built for your financial goals.
Read More
Saving Plan
3 Signs of Secure Retirement Planning | Plan a Stable Future
17 Feb '26
1092 Views
6 minute read
Understand the key signs of secure retirement planning. Learn how savings, smart investments, and financial discipline help build a stable retirement.
Read More
Retirement Plan
5 Myths About Retirement Planning You Should Stop Believing
17 Feb '26
997 Views
7 minute read
Think retirement planning can wait or requires big savings? Break common retirement planning myths and start building a secure financial future today.
Read More
Retirement Plan
Where Life Insurance Companies Invest Your Premiums in India?
17 Feb '26
2425 Views
10 minute read
Discover how insurers invest policyholder premiums across bonds, equities and government securities to ensure stability and returns.
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
Smart Tax Planning in 2026 - 5 Essential Tips to Follow
17 Feb '26
1143 Views
10 minute read
Looking to save more on taxes in 2026? Explore 5 smart tax planning tips to help you reduce your tax liability & maximise savings this financial year.
Read More
Tax Saving
What Is Minimum Alternate Tax & How Is It Calculated?
17 Feb '26
19281 Views
7 minute read
Confused about Minimum Alternate Tax (MAT)? Learn what MAT is, how it is calculated, applicable rates & its impact on companies & businesses in India today.
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
What is Risk Retention in Insurance? Meaning & Importance
17 Feb '26
2151 Views
7 minute read
Learn about risk retention in insurance, its meaning, importance, and how it helps manage financial risks. Explore with Canara HSBC Life Insurance.
Read More
Life Insurance
EPF Tax Rules: Tax on Provident Fund Withdrawals Explained
17 Feb '26
1237 Views
7 minute read
Understand EPF tax rules for provident fund withdrawals. Check when EPF withdrawals are taxable, exemptions, and how tenure affects tax liability.
Read More
Retirement Plan
What Is a Trust Fund? Meaning, Types & How It Works?
17 Feb '26
680 Views
5 minute read
Learn the meaning of a trust fund, how it works, its different types, and how it helps manage and transfer wealth securely to beneficiaries for long‑term protection
Read More
Personal Finance
Who Can Buy a Life Insurance Policy? Eligibility & Key Criteria
16 Feb '26
984 Views
7 minute read
Discover the Eligibility criteria to buy a life insurance policy, including age requirements, income factors, insurable interest, and key conditions insurers consider.
Read More
Life Insurance
Best Insurance Plans to Consider After Retirement in India
16 Feb '26
885 Views
7 minute read
Understand insurance Plans after retirement. Compare plans that help manage healthcare costs, protect savings, and support financial stability.
Read More
Retirement Plan
Budgeting for the 4 Financial Phases of Retirement
16 Feb '26
1009 Views
6 minute read
Plan your retirement finances wisely. Understand the four phases of retirement and learn how to budget savings, expenses, and income for each stage.
Read More
Retirement Plan
What Retirement Could Look Like 30 Years From Now?
16 Feb '26
3895 Views
11 minute read
Understand how retirement may evolve over the next 30 years and why starting a retirement plan early can help secure long-term financial stability.
Read More
Retirement Plan
Why Guaranteed Insurance Plans are an Attractive Savings Option?
16 Feb '26
883 Views
5 minute read
Discover why guaranteed insurance plans are an attractive savings option. Explore their key benefits & features with Canara HSBC Life Insurance today.
Read More
Saving Plan
How to Secure Your Child's Education Fund with Online Savings Plan?
16 Feb '26
980 Views
6 minute read
Want to secure your child's education fund? Discover how an online savings plan can help you build a strong financial foundation with Canara HSBC Life Insurance.
Read More
Saving Plan
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

Editor's Choice

What is Insurance

What is Insurance? Definition, Types and Benefits

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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

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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

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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)

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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?

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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

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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? Definition, Types and Benefits

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02 Dec '25
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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
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1588 Views
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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

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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)

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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
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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

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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.