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Endowment plans were the darling of insurance companies, before ULIPs came into the picture. Over the years they might have lost their top slot but are not out of demand; conservative investors still prefer them for their survival benefits, which are missing in term plans. ‘LIC Jeevan Anand’ is one such popular endowment assurance plan which also comes with whole life benefits.

Insurance is an area where most mis-selling of products takes place in the country, and the root cause of this problem is the commission of insurance agents. Every year, insurance companies and insured persons lose a big chunk of their premium in paying distribution costs, including agents’ commission.
By selling single-premium products an agent earns a [...]

Given the uncertainties caused by the volatile economic conditions, people look for a product that guarantees a regular monthly income for a longer period. Monthly Income Plans (MIPs) fit the bill. While some invest in MIPs for a regular income, others look at them from asset allocation perspective. The various agencies offering MIPs in India [...]

Insurance industry in India has not taken off to a desired level, as is seen in the western countries. This leaves a lot of scope for innovation and experimentation, especially in products. Unit linked insurance plan (ULIP) is one such example. It is always marketed as a high-return product, but it does not come without [...]

Private sector employees and self-employed people have got one more retirement planning option in the form of New Pension Scheme (NPS) which was thrown open on May 1.
Any Indian citizen who is between 18 and 55 can opt for NPS which promises better returns on your savings. You entrust your savings with the NPS Trust [...]