5 ways senior citizens can reduce their health insurance premium

Having an affordable post-retirement healthcare insurance plan is crucial for senior citizens. By starting their health insurance early, opting for family floater plans, and leveraging preventive healthcare incentives, senior citizens can ensure that their premium outgo on health insurance policies does not rise substantially and that they continue to have adequate coverage to meet all the health-related challenges that come with increasing age.

IRDAI launches Bima-ASBA via UPI to make insurance premium payment easier when you buy a policy

The new payment mechanism, aims to streamline the payment process for life and health insurance policies, will be effective from March 1, 2025, as per the IRDAI circular.

LICs Smart Pension Plan: What is it and other important FAQs for your retirement planning

LIC Smart Pension Scheme 2025: LIC has introduced the Smart Pension Plan, a non-linked, non-participating annuity plan offering liquidity options for retirees. With flexible payment frequencies and options for single or joint life annuities, the plan guarantees a steady income.

LIC’s Smart Pension Plan: Key features, eligibility, annuity options, death benefits and more

LIC has introduced the Smart Pension Plan, offering flexible annuity options and secure income streams for retirees. The plan is designed for both individual and group savings, and includes features such as higher rates for loyal customers, liquidity options, and benefits for dependents with disabilities.

How to choose the right term insurance plan for yourself?

While purchasing a term insurance plan, it is important to look beyond just premium costs. It is equally crucial to consider factors like sum assured, policy term, claim settlement history, and additional features such as riders. Moreover, life insurance needs should also be evaluated on a regular basis to accomodate an individual's evolving lifestyle and financial conditions.