Readers' Corner: Life Insuracnce

To purchase a term policy, you will first have to undertake medical tests as required by the insurance company. Such tests are mostly mandatory for a person opting for a term insurance cover

I am an engineer at a manufacturing company. One of my colleagues recently opted for an income protection cover. How useful is it?

An income protection cover is a must-have plan for each and every person who generates income for his or her family. This cover is designed to provide you with a regular monthly payment in the event of death, disability or illness leading to loss of income for a specified period of time. Income protection plans also allow the nominees the flexibility of receiving pay-outs at intervals of their choice. Such an option helps ensure that the lump sum