Blog Archives - Insurance Life Galaxy Blog

Matratva Vandana Yojana: Empowering Mothers for a Healthy Future

by insurancelifegalaxy.blogBlog, Finance, Financial Planning, Government Initiatives, Government Scheme, Government Schemes, Insurance 22 February 202422 February 2024No Comments

Matratva Vandana Yojana is a government initiative aimed at providing financial assistance to pregnant women in India. This scheme, launched in 2014, aims to support expectant mothers by offering them monetary benefits for their healthcare needs during pregnancy and childbirth. The primary objective of the Matratva Vandana Yojana is to ensure that every pregnant woman …

Understanding the Jargon: Demystifying Terminologies in Unit Linked Life Insurance Plans

by insurancelifegalaxy.blogAgriculture, Blog, Energy, Finance, Financial Planning, Insurance, Investment, Personal Finance 8 February 20248 February 20242 Comments

When it comes to financial products, the world of insurance can often seem like a maze of complex terminologies. Unit Linked Life Insurance Plans (ULIPs) are no exception. With their unique features and benefits, ULIPs have gained popularity among investors. However, understanding the terminologies associated with ULIPs is crucial to make informed decisions. In this …

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National Pension System: A Secure Pathway to a Comfortable Retirement

by insurancelifegalaxy.blogAgriculture, Blog, Energy, Finance, Financial Planning, Government Initiatives, Government Scheme, Government Schemes, Insurance, Investment 6 February 20246 February 20243 Comments

Retirement is a phase of life that we all look forward to. It’s a time when we can finally relax and enjoy the fruits of our labor. However, to make the most of our golden years, it is crucial to plan for our financial security in advance. This is where the National Pension System (NPS) …

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Insurance Regulatory Development Authority of India: Safeguarding the Future

by insurancelifegalaxy.blogAgriculture, Blog, Energy, Finance, Financial Planning, Insurance 6 February 20246 February 2024No Comments

When it comes to protecting our future, insurance plays a vital role. In India, the Insurance Regulatory and Development Authority (IRDA) is the governing body responsible for regulating and promoting the insurance sector. Established in 1999, the IRDA has been instrumental in ensuring the stability and growth of the insurance industry in the country. Regulating …

Decoding the Indian Union Budget 2024: A Comprehensive Analysis

by insurancelifegalaxy.blogBlog, Finance, Financial Planning, Health, Insurance, Personal Finance 2 February 20243 February 202428 Comments

The Indian Union Budget is one of the most significant events in the country’s economic calendar. It sets the tone for the government’s fiscal policies and outlines its priorities for the year ahead. The recently presented Union Budget 2024 by the Finance Minister has generated immense interest and speculation among citizens, businesses, and investors alike. …

Planning for Retirement: Accounting for Inflation

by insurancelifegalaxy.blogBlog, Finance, Financial Planning, Health, Insurance, Personal Finance 2 February 20242 February 2024No Comments

Retirement is a time in life that many look forward to, a phase where you can relax, pursue hobbies, and spend quality time with loved ones. However, to truly enjoy a comfortable retirement, it is crucial to account for inflation when planning your finances. Inflation erodes the purchasing power of money over time, and failing …

Essential Questions to Ask When Buying Life Insurance

by insurancelifegalaxy.blogBlog, Finance, Financial Planning, Health, Insurance, Personal Finance 31 January 202431 January 202435 Comments

Life insurance is a crucial financial tool that provides a safety net for your loved ones in the event of your untimely demise. It offers financial protection and peace of mind, ensuring that your family’s financial needs are taken care of even when you are no longer around. When it comes to buying life insurance, …

Essential Questions to Ask Before Embarking on Financial Planning for an Individual

by insurancelifegalaxy.blogBlog, Finance, Financial Planning, Health, Insurance, Personal Finance 31 January 202431 January 2024No Comments

Financial planning is a crucial step towards achieving your long-term financial goals. Whether you are planning for retirement, saving for a major purchase, or simply seeking to build wealth, it is important to have a solid financial plan in place. However, before diving into the intricacies of financial planning, there are several essential questions you …

Difference between Traditional and Unit Linked Plans in Life Insurance with Case Studies

by insurancelifegalaxy.blogBlog, Finance, Financial Planning, Health, Insurance, Personal Finance 29 January 202429 January 202422 Comments

Life insurance is an essential financial tool that provides protection and financial security to individuals and their families. When considering life insurance, it is important to understand the different types of plans available. In this article, we will explore the difference between traditional and unit linked plans in life insurance, along with real-life case studies …

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Understanding Pension Plans and Their Benefits in Life Insurance Policies

by insurancelifegalaxy.blogBlog, Finance, Financial Planning, Health, Insurance, Personal Finance 29 January 202429 January 20247 Comments

When it comes to financial planning for the future, one crucial aspect that individuals often consider is pension plans. A pension is a form of retirement income that individuals receive after they stop working. It is designed to provide financial stability and security during the later stages of life. Pension plans are typically offered as …