Gaurav Agarwal · Insurance Advisor
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Plain-language explainers to help you make confident insurance decisions.
An endowment plan gives your family life cover and pays you a lump sum if you survive the term. Here is how it works, who it suits and its pros and cons.
Read moreWhole life insurance keeps you covered for most of your life, often up to age 100, and some plans also pay a yearly income. Learn how it works and who it suits.
Read moreA money back plan returns part of the sum assured at regular intervals while keeping your family covered. Learn how payouts and the death benefit work.
Read moreTerm insurance gives your family a large payout if you die during the policy term, at a low premium. Learn why it is so affordable and which cover option to pick.
Read moreAnnuity plans turn your savings into a regular pension for life. Learn what purchase price, immediate and deferred annuity, and joint life options mean.
Read moreA ULIP combines life cover with market-linked investment. Learn about NAV, fund choices, charges and the 5-year lock-in, and why the investment risk is yours.
Read moreChild plans help you save for your child's education and future. Learn the difference between insuring the child and insuring the parent, and how premium waiver works.
Read moreBasic sum assured, sum assured on death, policy term, premium paying term and entry age, explained in plain words with LIC examples.
Read moreWhat LIC bonuses are, how simple reversionary bonus and final additional bonus work, and how guaranteed and loyalty additions differ.
Read moreA rider is an optional add-on to your LIC policy for a small extra premium. Here is what the common LIC riders cover, in simple words.
Read moreNeed money or can't pay premiums? Learn how surrender value, paid-up value and LIC policy loans work, and why surrendering early usually costs you.
Read moreMissed an LIC premium? Learn how the grace period works, what a lapsed policy means, how revival works, and how the free-look period protects new buyers.
Read moreMaturity claim, death claim, survival benefit, nomination and settlement options explained simply, with the documents families usually need.
Read moreSum insured, cashless claims, waiting periods, co-payment and more, explained in plain language so you can read your health policy with confidence.
Read moreThird-party, own damage, IDV, No Claim Bonus and add-ons explained in plain language for car and two-wheeler owners.
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