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Enjoy your post-retirement life with a steady income: Learn more!

Published

3 years ago

January 16, 2023

Are you looking for a way to ensure that your future is secure and stress-free? A term insurance plan could be the answer. The best term plan in India provides financial security for your family in the event of your death, as well as regular income payments upon maturity and big savings. In this blog post, we will discuss 8 ways a term insurance plan gives you a relaxed life later.

We will look at how you can benefit from regular income payments, big savings, and the peace of mind that comes with knowing your family is taken care of in the event of an unexpected tragedy.

1) A Term Insurance Plan is an agreement between you and an insurance company

The best-term plan in India is a great way to protect your loved ones and yourself in the event of an untimely death. It provides a set amount of money to the beneficiaries you specify in the policy.

With this life insurance cover policy, you can make sure that your family has the funds they need to cover essential costs such as mortgages, medical bills, and other debts. Additionally, it also provides an option for regular income payments on maturity so that you can enjoy a relaxed life later with the big savings you have accumulated.

2) It gives you coverage for a specific period

The best-term plan in India is a great way to give yourself financial security and peace of mind for the future. It gives you coverage for a specific period, ensuring that your family or loved ones are taken care of in case of an unforeseen event.

It also provides regular incomes on maturity as well as significant savings from premium payments throughout the policy. This makes it an ideal way to safeguard your family’s future.

3) On the maturity of the policy, you get the sum assured as a lump sum payment

The Best term plan in India is a great way to ensure a relaxed life later on, as it provides regular income on maturity. In addition, it also helps you save a considerable amount of money as the premiums are comparatively lower than other insurance plans.

With such plans, you get an assured lump sum amount on the maturity of the policy, giving you financial security in your later years.

4) A Term Insurance Plan helps you save on taxes

Having a term insurance plan can be an important step in securing your financial future. Not only does it provide you with life insurance coverage, but it also helps you to save on taxes.

With tax-free returns, the money you have saved from the plan can be used for other important investments such as retirement, college tuition, and more.

A life insurance cover will help you lead a relaxed life later with regular incomes on maturity and big savings.

5) A Term Insurance Plan gives you financial security

A term insurance plan is a great way to ensure financial security for yourself and your family. It provides regular incomes on maturity and big savings, giving you peace of mind that you can enjoy a relaxed life later.

Furthermore, you have the security that if something happens to you, your family will be taken care of financially. With a life insurance cover, you are guaranteed a future of financial security.

6) A Term Insurance Plan helps you plan your retirement

A term insurance plan can provide you with a secure and relaxed life later. With regular incomes on maturity, you can save for your future, while also enjoying the present.

With a term insurance plan, you can easily plan your retirement, ensuring that you are well taken care of in your later years. Invest in a term insurance plan now for a stress-free retirement later!

7) A Term Insurance Plan can be used as collateral for loans

A term insurance plan can be used as collateral to secure loans or borrowings. This provides an extra layer of security to lenders and allows you to access higher amounts of capital at competitive interest rates.

Term insurance plans also come with a range of other advantages, such as flexible premium payment options, tax benefits, and more. With the right term insurance plan in place, you can rest assured knowing your loved ones will be taken care of in the event of an unexpected tragedy.

8) A Term Insurance Plan gives you peace of mind

A term insurance plan is a great way to ensure you and your family have financial security in the future. It provides the peace of mind that comes with knowing that your loved ones will be taken care of, even after you’re gone.

The best term plan in India policy guarantees regular incomes on maturity, so you can rest assured that you’ll have enough money to live comfortably later in life. Plus, with the big savings you get from term insurance, you can enjoy a more relaxed life now and in the future.

Conclusion

A life insurance cover provides financial security and peace of mind for your loved ones in the event of your demise. It also helps you save money, with the assurance of regular income on maturity.

India News

Union Budget 2026 highlights: Nirmala Sitharaman Raises Capex to Rs 12.2 Lakh Cr, West Bengal Gets Major Allocation

Finance Minister Nirmala Sitharaman is presenting the Union Budget 2026 in Parliament today. Follow this space for live updates, key announcements, and policy insights.

Published

6 days ago

February 1, 2026

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Finance Minister Nirmala Sitharaman arrives to present Union Budget 2026

Finance Minister Nirmala Sitharaman will shortly present the Union Budget 2026 in the Lok Sabha, marking her ninth consecutive Budget. The annual financial statement is expected to outline the government’s policy priorities, reform agenda and spending plans for the coming year. Stay tuned for live updates, key announcements and immediate reactions as the Budget speech unfolds.

Finance Minister Nirmala Sitharaman tabled her ninth Union Budget today, beginning her speech at 11 am.

Nirmala Sitharaman is set to present her ninth Union Budget today, with the finance minister scheduled to begin her speech at 11 am.

Budget 2026 live updates: Presenting the Union Budget for 2026–27, Finance Minister Nirmala Sitharaman said the occasion coincided with Magh Purnima and the birth anniversary of Guru Ravidas. She noted that over the past 12 years, India’s economic journey has been defined by stability, fiscal discipline, sustained growth and moderate inflation.

The budgeted fiscal deficit for fiscal 2026 is estimated at 4.4 per cent of gross domestic product (GDP)

Planned capital expenditure this fiscal year Rs 11.2 lakh crore

Rare earth corrdiors in Odisha and Kerala

Hi-tech tool rooms to be set up by PSUs

Construction equipment scheme to be launched

Container manufacturing scheme for Rs 10,000 crore over 5 years

Rs 10,000 crore SME Growth Fund

Semi-conductor mission to get Rs 40,000 crore

Rs 12.2 lakh crores for infrastructure development

Dedicated RITES to repurpose land of Central PSUs

20 new waterways over next 5 years to be connected

7 high-speed corridors on rail

High-level committee on banking for next phase of Viksit Bharat

Capital expenditure hike of to ₹12.2 lakh crore in Budget 2026, with West Bengal receiving a significant share of allocations.

Mahatma Gandhi Gram Swaraj Initiative aimed at boosting the khadi, handloom, and handicrafts sectors.

High-speed rail corridors: Mumbai-Pune, Pune-Bengaluru, Hyderabad-Bengaluru, Chennai-Bengaluru, Delhi-Varanasi, Varanasi-Siliguri, Pune-Hyderabad

Five university campuses to be established near industrial corridors

Lakpati Didi program expanded in Budget 2026 to reach more beneficiaries across India.

Fiscal deficit for FY26 revised to 4.4%; Budget Estimate for FY27 set at 4.3%.

TCS on overseas tour packages cut to 2% to ease travel costs

Tax holiday to foreign companies that provide cloud services by setting up data centres in India till 2047

17 cancer drugs exempted from import duties

India News

Union budget 2026 to be presented on Sunday with special trading session

The Union Budget 2026 will be presented on a Sunday for the first time in over two decades, with NSE and BSE announcing special trading sessions for the day.

Published

6 days ago

January 31, 2026

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For the first time in more than two decades, the Union Budget will be presented on a Sunday. Finance Minister Nirmala Sitharaman is scheduled to table the Union Budget for 2026 in the Lok Sabha on February 1 at 11 am, even as the day is usually observed as a holiday for government offices and financial markets.

February 1 falls on a Sunday this year, raising questions about market operations and investor response. To ensure uninterrupted trading and immediate market reaction to budget announcements, stock exchanges have announced special arrangements for the day.

Markets to remain open on budget day

Both the National Stock Exchange and the Bombay Stock Exchange have confirmed that markets will remain open on February 1. The NSE has announced a special trading session, with the pre-open market scheduled from 9 am to 9:08 am, followed by normal trading hours from 9:15 am to 3:30 pm.

The BSE has also declared the day a special trading day, with regular market hours applicable. Trading is expected to continue across equity, derivatives, and futures and options segments.

What the Sunday budget means for investors

A weekend budget presentation is seen as offering certain advantages for market participants. With trading active on the same day, investors will be able to respond to policy announcements immediately rather than waiting for the next working day.

The Sunday timing also gives investors, analysts, and financial institutions additional time to go through detailed proposals, including tax changes, fiscal deficit targets, and sector-wise allocations. The extended window for analysis may help reduce sharp, headline-driven reactions and encourage more informed decision-making.

With fewer competing developments on a non-working day, budget announcements are also expected to receive more focused attention from markets and stakeholders.

Parliamentary schedule and key milestones

The Economic Survey is expected to be tabled on January 29, ahead of the budget presentation. The Budget Session of Parliament began on January 28 with the President’s address to a joint sitting of the Lok Sabha and Rajya Sabha.

The upcoming budget will mark Nirmala Sitharaman’s ninth consecutive Union Budget. It will also be India’s 80th budget since Independence. Since 2017, Union Budgets have been presented at 11 am on February 1, following a timing change introduced during the tenure of former finance minister Arun Jaitley.

India News

Modi says right time to invest in Indian shipping sector; meets global CEOs

Published

3 months ago

October 29, 2025

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Prime Minister Narendra Modi on Wednesday exhorted global investors to take bets on the Indian shipping sector, pointing out that this is the “right time” for such a move.

The Prime Minister also met a select chief executives of global majors, including DP World and APM, at a specially convened meeting on the sidelines of the India Maritime Week 2025 held here.

“For all of you hailing from different countries, this is the right time to work in the Indian shipping sector and also expand (your presence),” Modi said during a public address before the closed-door meeting with CEOs.

Modi listed several targets being chased by India in the maritime sector over the next few years, and underlined the importance of the global community in the same.

“You all are an important partner who will help us achieve all our aims. We welcome your ideas, innovations and investments,” Modi said.

He said that India allows 100 per cent foreign direct investment in the shipping and ports sector, and also provides incentives under the “Make In India, and Make For The World” vision.

Addressing an audience, including leaders of various companies, the Prime Minister affirmed India’s commitment to strengthening the supply chain resilience at a global level.

He also said that India is engaged in creating world-class mega ports, and cited the work undertaken on the Vadhavan Port to the north of the financial capital, which entered the top-10 firms in the world on the first day.

The government is also looking to grow the capacity at 12 major ports by four times and increase India’s share in containerised cargo at the global level.

Later, Modi held a meeting with top CEOs of shipping sector companies from across the world.

As per people in the know, he met AP Moller-Maersk Chairman Robert Maersk Uggla, DP World Group Chairman Sultan Ahmed bin Sulayem, Mediterranean Shipping Company Chief Executive Soren Toft, Adani Ports and SEZ Managing Director Karan Adani and French company CMA-CGM’s Senior Vice President Ludovic Renou.

The participation from over 85 countries in the IMW sends a strong message, Modi said, noting the presence of CEOs of major shipping giants, startups, policymakers, and innovators at the event.

The Prime Minister also thanked Port of Singapore (PSA) for the nearly Rs 8,000 crore investment in the Jawaharlal Nehru Port Authority’s fourth terminal, pointing out that this is also the largest FDI in the port sector in India.

Modi said more than 150 new initiatives have been launched under the ‘Maritime India Vision’, resulting in nearly doubling the capacity of major ports, a substantial reduction in turnaround time, and a new momentum in cruise tourism.

—PTI