Smart Purchase - Get a Life Insurance Online

There are a number of reasons why a person would get a life insurance which is a contract between an insurer and a policy holder to avoid the financial hardships that occurs when a loved one passes away. In India, it is very common for parents to rely on their sons and for wives to rely on their husbands for the financial wellness of the family. There are two types of life insurance – investment whose main goal is to facilitate the growth of the capital and protection which is based on the fact that a benefit will only be given if a certain event occurs.

There is a very simple way for people to avoid the long queues and the annoying bureaucracy of insurance companies. They can get an online life insurance. Yes, you read it well. You can arrange your insurance for the comfort of your homes. All you need is a personal computer or a laptop and an internet connection.  

What are the advantages of getting a life insurance of India using the internet? First of all, as already stated, you do not have to stand up for hours, waiting in a huge line. Then, of course, there are the costs. You can get a quote in a matter of seconds without being asked to wait for days or even weeks and you do not have to pay any upfront costs. The first analysis is always made for free. Because these online insurance companies only have to maintain a clean website with a few workers instead of hundreds of franchise buildings, the costs for a life insurance India through the internet will be much lower.

Now that you know the main advantages of getting insurance through the internet, you can make a better choice.

Buying a Life Insurance Policy in India

In India as well as many other countries of the world, buying a life insurance policy is very important. There are two main types of life insurance India. There is the term and the whole life insurance policies. Most experts recommend the term policy to people who are under the age of forty and who do not have a family history of life threatening medical conditions. The main difference between the two main life insurance of India is that the term policy does not offer any cash values. It only offers death benefits while the whole policy offers both cash values as well as death benefits. The whole life insurance of India tends to be more expensive that term policy.

The whole policy is considered by many to be the best policy in India. The premium remains the same throughout the duration of the policy and is effective until the death of the policy holder even if all premiums have been paid. This policy therefore allows you to build up a cash reserve.

It is not advisable to buy a life insurance India without advice from an insurance advisor. There are many hidden costs and commissions that might come up after you buy the policy. To prevent being a victim of unexpected costs, your best option is to hire an insurance advisor.

The amount that you need to insure your life for might be difficult to assess. There are a number of factors that you should take into consideration for this process including your income, your income sources, the number of dependents, your debts and your spending patterns. In order to determine the amount that you should insure your life for, you should multiply your annual income by a factor between five and ten. Once you take these factors into consideration, you can determine if a term plan or a whole plan will be best to meet your needs.

12pc Rise in Aviva Car Insurance Customers

Earlier today, it was announced by Aviva that it has seen a 9pc increase in health premiums and general insurance. This was announced it its interim third quarter statement.  In the past year, Aviva has obtained and maintained 318,000 new clients which increased the sales of car insurance by 12pc. Its statistics shows that Aviva currently has approximately two million car insurance clients.

In its interim statement, Aviva mentioned that these results show good drive in general insurance which resulted in life insurance being strongly profitable and a combined operation ratio that is 96pc. It did mention however that sale of long term saving plans decreased by 8pc and are now at £23.6bn. The cause of this according to Aviva is the pressing conditions of the market and less businesses that are capital intensive. The chief executive of Aviva group, Mr. Andrew Moss, reported that even though the insurance market has been very volatile, Aviva still continued to deliver great operation accomplishments from January to September of 2011. According to Mr. Moss, Aviva is focused on remaining on target to meet its financial targets for 2011. They will proceed in having capital generation as their top priority and will persevere in keeping their liquidity and capital position.

Mr. Moss also said that Aviva is focused on a balance sheet in a challenging economic environment and that by pursuing a strategy that it focused on its core business, it has made continuous strategic progress taking into consideration the £1bn sale at its Norwich-based RAC.  It also announced a shake-up in its Ireland operations last month although they experienced a loss of approximately 900 jobs while the sale of life insurance and pension plans in the United Kingdom were up 6pc acquiring £8.1bn.

The fact is that Aviva is fitter and leaner today and will make continuous progress strategically and to strengthen their customer franchises in markets such as the United Kingdom which are part of their key markets.