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In the last year, the uncertainty of life has made the need for insurance plans such as term insurance inescapable. But is term insurance the ultimate solution? Well, probably yes to an extent because buying a term plan can financially secure your family in the most crucial times. A term insurance policy provides financial coverage to the beneficiary of the policy in case of the insured's death during the active tenure of the policy.
Also, some term plans may offer survival benefits if the policyholder is alive and completes the policy tenure. And these survival benefits include getting back the premium paid for the specified term of the plan. To know how much premium you need to pay, you can use a term insurance premium calculator.
About Term Insurance Premium Calculator
A term insurance premium calculator is an online tool that helps to calculate the amount of premium payable under a policy. The calculator provides output based on the coverage factors such as age, sum assured, term, occupation, medical history, smoking and lifestyle habits, premium payment term, and frequency, etc.
Benefits of Using a Term Insurance Premium Calculator
If you are looking for the right plan, a term plan premium calculator is the best bet as it helps compare different term insurance plans with their premiums offered. Here's why a term insurance premium calculator becomes useful for a customer:
1. Saves Money and Time – A term plan premium calculator is easily available online, and you can do it yourself to get the premium payable, thereby saving your precious time and money. Instead, if you consult an insurance broker, you end up paying more, which includes brokerage commission and hidden charges as well.
2. Helps You Understand Different Plans – A term plan calculator helps in term insurance comparison, to choose the best plan that offers maximum coverage and lower premium.
3. Financial Budgeting Made Easier – A term plan premium calculator will help provide a fair assessment of the amount of premium one needs to pay in exchange for the coverage they are looking for. This way, an individual can have better planning about their financial budget beforehand.
4. Provides A Better Understanding of Coverage and Comparison – As there are plenty of insurance plans available at different premiums and coverage benefits, a term plan premium calculator helps to narrow down the choices. Estimating the life cover amount and premium rates of different plans will help you choose better.Calculate Premium Using Term Plan Premium Calculator
Calculate Premium Using Term Plan Premium Calculatorshutterstock
How to Calculate Premium Using Term Plan Premium Calculator?
For those who are new to insurance and online premium calculator, this guide will help you use the online term plan premium calculator effectively. Here are the steps you need to follow:
1. Enter your personal information
2. Enter the estimated annual income
3. You will be directed to a page where you will be recommended with a life cover and premium. You can either select the recommended cover amount or choose one that you require, based on which, you will be provided with a corresponding monthly premium.
4. If needed, you can also add riders and select the total amount
Factors Affecting the Premium Amount In A Term Plan Premium Calculator
1. Age – The higher the age, the higher would be the premium payable. That is why it is recommended to buy a term plan at an early age, preferably at your working age.
2. Sum assured – If you opt for a higher cover amount, the premium amount will increase and vice versa.
3. Occupation – The nature of your occupation determines the cover amount depending on the risk factor involved.
4. Medical History – If you suffer from an existing medical condition or have a history of chronic illness, the premium will be high.
5. Lifestyle Habits – Your smoking and drinking habits can have an impact on the premium amount payable.
6. Premium Payment Frequency – Premiums can be paid either annually, half-yearly, quarterly or monthly.
To conclude, a term plan premium calculator is a safe tool to calculate the premium amount payable. The tool will be easily available on every insurance provider's website and mobile app so that you can plan your financial budget for insurance from the comfort of your home.
In times like this, when the COVID-19 deaths are rising, things are uncertain, and it is best to keep your financial plan updated. It is always better to be prepared than to face emergencies without any support.
The Supreme Court on Tuesday agreed to examine a seeking direction to the Election Commission to de-register a political party, which fails to comply with the court's direction to disclose criminal antecedents of candidates fielded in polls. Advocate Ashwini Upadhyay requested a bench headed by Chief Justice N.V. Ramana and comprising Justices A.S. Bopanna and Hima Kohli to list the petition urgently, against the backdrop of the ongoing election process. He contended that nomination for the first phase of the Uttar Pradesh Assembly election has started, and the political parties and candidates are brazenly violating the top court judgments.
After briefly hearing Upadhyay, the bench said: "We will consider it... will give a date".
The plea argued that allowing criminals to stand for election threatens democracy and secularism. | Wikipedia
The plea claimed that the cause of action for filing the plea arose after the Samajwadi Party fielded alleged gangster Nahid Hasan from Kairana but neither published his criminal records in electronic, print and social media nor the reason for his selection within 48 hours. On February 13, last year, Shamli police imposed the Gangster Act on Nahid Hasan, who is a two-time MLA from Kairana. "He (Hasan) has multiple criminal cases and is the 'mastermind' behind the Hindu exodus from Kairana. There are many criminal cases including fraud and extortion, and he was declared a fugitive by Special MLA-MP Court," the plea said.
The plea argued that the consequences of permitting criminals to contest and become legislators are extremely serious for democracy and secularism. The plea sought a direction to the Election Commission to take steps to ensure that every political party publishes the details regarding criminal cases of each candidate along with the reason for such selection on the homepage of its official website in bold letters within 48 hours in the spirit of top court orders passed on September 25, 2018, and February 2, 2020. (IANS/ MBI)
(Keywords: uttar pradesh assembly election, hima kohli, justices a.s. bopanna, chief justice n.v. ramana, political party, election commission, the supreme court, tainted candidates, action, plea)
There will be no chief guest at the Republic Day parade this year also as the plan to host state heads of five Central Asian countries -- Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan -- seems to have been cancelled due to the Covid situation in India as well as in the respective nations. Though the Ministry of External Affairs is yet to confirm this officially.
If the guests arrive, then this would be the second time when India hosts a group of state heads as the chief guests on the Republic Day. In 2018, state heads of ASEAN countries graced the occasion with their presence. Apart from Kazakhstan, none of these countries' state heads had been invited as the chief guests on the Republic Day. In 2009, Kazakhstan's then president Nursultan Nazarbayev was the Chief Guest.
The Government of India is in no mood to take any risk to invite any foreign guest.Unsplash
As per sources, due to the corona situation, the Government of India is in no mood to take any risk to invite any foreign guest, so the plan seems to have been cancelled. Last year, British Prime minister Boris Johnson was invited for the same, but later cancelled due to rising corona cases in the UK.
In the past, there have been occasions when the Republic Day ceremony was celebrated without any foreign guest. In 1966, there was no foreign chief guest in the Republic Day parade ceremony as the then Prime Minister Lal Bahadur Shastri had passed away in Tashkent in January, and Indira Gandhi took oath as Prime Minister on January 24. (IANS/SP)
(Keywords : chief, guest, Republic Day, parade, India, January, pandemic, 2022, host, nation, guest, invite, foreign, occasion, presence, celebrate.)
A team of scientists from the Banaras Hindu University (BHU) have found a cure for those suffering from chronic wounds, particularly with diabetic foot ulcers. The team led by Prof Gopal Nath of the department of Microbiology, Institute of Medical Sciences, said that wounds that took months and years to heal, could now be cured in days or months. The findings of study have been published in the National Centre for Biotechnology Information, National Institutes of Health, US.
Prof Nath said that a wound is defined as a breach in the skin or body tissues due to injury. An acute wound is defined as a "recent break that is yet to progress through sequential stages of healing". The wounds where normal healing process is stalled due to underlying pathology (vascular and diabetes) or infection beyond three months is defined as chronic wound. While chronic wounds always get infected, the contaminated wounds are reasonably susceptible to infection.
A significant improvement could be achieved in the form of complete wound epithelization within a few weeks.Towfiqu barbhuiya / Unsplash
Infection with antibiotic-resistant bacteria and biofilm formation halt healing progress. These wounds cause significant psychological and physical morbidity. The traditional treatment strategies often succeed in healing wounds, he said adding that many wounds have been observed recalcitrant to them, leading to persistence and recurrent infections. Search for alternatives to antibiotics has now become a compulsion. Fortunately, bacteriophage therapy is a re-emerging solution to antibiotic-resistant bacteria.
Prof Nath's team carried out phage therapy of acute and chronic infected wounds in animals and clinical studies. It showed efficacy against Pseudomonas aeruginosa in a mice wound model. Furthermore, they evaluated the efficacy of phage cocktails in animal models' acute and chronic osteomyelitis caused by methicillin-resistant Staphylococcus aureus. They also observed biofilm eradication from K wire in rabbits' wound infection model. Clinical trials of phage therapy initiated by the BHU have reported the efficacy of topical phage in healing chronic wounds in three prospective exploratory studies and no adverse events mimicking the results in vivo animal models.
Scientists have found a cure for those suffering from diabetic foot ulcers. Unsplash
A clinical study by Gupta demonstrated the significant role of bacteriophage therapy in the chronic wounds associated with antibiotic-resistant bacteria. The study employed a total of twenty patients with chronic non-healing ulcers for more than six weeks duration. A significant improvement could be achieved in the form of complete wound epithelization within a few weeks. Another study, employing 48 patients having a minimum of one eligible full-thickness wound that did not heal in six weeks with convention wound management, showed the promising result, and significant improvement was observed in the wound healing.
The study projected that specific phage therapy is equally effective regardless of the diabetic or non-diabetic status of the patient though the healing was relatively delayed in diabetic patients. Another successful study has shown encouraging results on healing process of infected acute traumatic wounds. The average number of days required for complete granulation of wounds and attaining sterility and healing was half compared to conventional therapy. (IANS/SP)
(Keywords : scientists, cure, chronic, wound, suffer, ulcer, diabetes, healing, pathology, health, infection, bacteria, study, patient, therapy, successful.)
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