Did you know the Insurance Regulatory and Development Authority of India (IRDAI) mandates all life insurance companies to provide a 'Benefit Illustration' (BI) to the prospective buyers of unit linked insurance plans (Ulips).
Have you ever wondered why you are asked to pay lesser premium than your friend or family member? To end the confusion, we have prepared a list of factors that affect how life insurance premium is calculated.
Loan against insurance policies is a good option in case funds are required in an emergency situation and can be a better alternative to a personal loan or a credit card loan or asking friends/relatives for financial help. But are they always a good idea?