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By Natasha Agarwal
Is it really possible to be insured for INR 1 crore and pay a monthly premium of less than INR 1000?
A term insurance policy is a sort of life coverage policy. If you buy a term plan, you will get inclusion for a predetermined time frame or a specific “term”. In case the insured individual passes away within this predefined term, the nominee of the term insurance policy is qualified to get a death benefit equivalent to the aggregate amount assured by the insurance provider.
For example, assuming the term plan gives a guaranteed amount of INR 1 crore, the insurance provider is at risk to pay that total amount to the nominee of the term plan if the insured individual dies, subject to the terms and conditions of the said policy. A term plan is an ideal approach to get the safe future of your family at an ostensible expense, especially if you’re the lone provider for the family’s finances.
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What is an INR 1 Crore Term Insurance?
Term insurance plans fill the double need to offer death benefits to the policyholder and guarantee the family’s financial stability on account of unforeseen death of the policyholder. An INR 1 Crore term insurance policy secures an amount assured of the referenced add up to the beneficiary on the policyholder’s death. It goes about as a guardian for the family without the policyholder, helping them satisfy their needs and dreams.
Features of an INR 1 Crore Term Insurance Policy
A term plan has several notable features, among which one of the most popular ones is its extraordinary low premiums. For as low as INR 30 a day, a term insurance plan is a perfect choice for any individual looking to safeguard their family’s future with scarce resources.
- Cost-effective: A term insurance policy is probably the least expensive type of life coverage you can get. Since a term plan is an undiluted life cover and has no reserve funds segment, the premiums on a term plan are genuinely reasonable, particularly in contrast with life coverage. For instance, with the iSelect Star Term Plan by Canara HSBC Oriental Bank of Commerce Life Insurance, you can get a term plan of INR 1 crore for less than INR 1000 per month, subject to terms and conditions.
- Consistent premiums: Several term insurance policies offer a compatible premium throughout the policy. Regardless of whether the term of your policy is 10, 20, or 30 years, your premium will remain something very similar if you choose a “level term” policy. Likewise, many term policies give you the advantage of changing to a permanent life insurance policy after your term plan ends. Nonetheless, after your term plan expires, the premium will rise dramatically.
- Easy Availability: Since the premiums on term plans are so low, a sum guaranteed for INR 1 crore will be available for a significantly extensive pool of individuals. Then again, a cover of INR 1 crore for an endowment policy won’t be reasonable for some individuals. Consequently, term plans are an open and rational route for anybody to ensure their family against the vulnerabilities of life. Indeed, this plan is suggested for people between 25 – 35 years old with pay between INR 5 lakh to INR 7 lakh per annum.
- Additional coverage: If you’re ready to pay higher premiums as you grow old, numerous insurance companies will offer you the chance to upgrade your coverage at significant stages in your life. For instance, if you hold a basic term policy worth INR 1 crore, you can choose to extend your insurance amount when you get married or have a child, by opting to pay somewhat higher premiums.
- Riders: On your 1 crore life cover, you can decide to upgrade your term plan with additional plans, for example, a critical illness plan. This implies that the protected individual is qualified to get a payout whenever he/she has a vital ailment, or the death benefit is paid to the nominee if the insured individual dies during the policy term.
- Appealing features: In order to increase the purchase and adoption of term plans, insurance companies offer numerous alluring features. For instance, they offer discounts and low premiums to specific classes of individuals, like non-smokers, or individuals who do not consume alcohol.
Due to its reasonableness, availability, and enormous cover, an INR 1 crore term plan is an ideal approach to ensure your family’s safety against unforeseen future events. The premiums for this term insurance policy are especially low, and it tends to be available both online and offline.
Canara Bank HSBC Oriental Bank of Commerce Life Insurance’s iSelect Star Term Plan
One such popular term plan offering coverage of INR 1 Crore is the iSelect Star Term Plan by Canara HSBC Oriental Bank of Commerce Life Insurance. This term policy offers some exceptional benefits such as:
- The option for whole life coverage.
- The alternative to cover one’s spouse in the same policy
- The alternative of versatile premium payment choices including short-term tenure such as 5 or 10 years
- The alternative to paying premiums amid your job years is till you get 60 years old
- The plan also bestows an alternative to utilizing return of premium benefit wherein all your premiums will be reimbursed once you live through the policy tenure
- The plan offers rider coverage alternatives of 4 kinds, i.e., Accidental Death Benefit, Accidental Total & Permanent Disability (Premium Protection), Accidental Total & Permanent Disability (Premium Protection Plus), and Child Support Benefit
- Versatile choices to reap benefits as lump-sum, monthly income, or part lump-sum monthly income with the possibility to take both levels / increasing revenue
- Availability of tax deductions could be available on premiums paid and gains received as per current tax laws.
- Enhance your life insurance cover with transforming life steps and stability requirements in the corresponding plan by increasing cover at important life events
- Fidelity discount for prevailing clients of the company
- The choice to cover for a restricted period or your complete lifetime
- The benefit of the exemption on premiums for more enormous sums assured and for female individuals
A 1 crore term insurance plan can help carry significant serenity to policyholders by monetarily protecting their families. A good term insurance plan loaded with high Insurance at ostensible rates and various advantages are Canara HSBC Oriental Bank of Commerce’s iSelect Star Term Plan. Get the greatest amount of coverage possible at minimal rates with iSelect Star Term Plan!
(Disclaimer: The article is sponsored and hence promotes some commercial links.)
GENEVA — The battle to stem climate change may be lost as new information indicates the Amazon rain forest is turning from a carbon sink – or area that absorbs CO2 – into a source of carbon dioxide, the World Meteorological Organization warns.
The latest edition of the WMO's Greenhouse Gas Bulletin reports emissions of carbon dioxide, methane, and nitrous oxide once again broke all records last year.
The U.N. agency's report warns the concentrations of these greenhouse gas emissions into the atmosphere are driving climate change. It says carbon dioxide, the single most important greenhouse gas, accounts for approximately 66 percent of the warming effect on the climate.
The secretary-general of the World Meteorological Organization, Petteri Taalas, says about half of CO2 emissions remain in the atmosphere for centuries. He says the other half is taken up by oceans and land ecosystems.
He says it is not clear for how much longer forested areas, often referred to as the lungs of the Earth, will continue to act as effective carbon sinks.
"We have already seen some alarming indications that, for example, Amazonian rain forest ecosystem, which used to be a major sink of carbon, has become now a source of carbon, which is alarming," Taalas said. "And this is related to deforestation in the area and also changes in local climate because of this deforestation."
Oksana Tarasova, who heads the WMO's Atmospheric and Environment Research Division, says the WMO only now is revealing this new finding because it has taken nine years of observation to gather the measurement data set needed to understand the changes taking place. She says not all of the Amazon forests are turning from a carbon sink to a net producer of carbon.
"So, the Western part of the Amazonia still continues to work as a carbon sink at this point. But we do not know for how long that will continue this way," Tarasova said. "We are making the measurements there and keeping our track of what is happening there. … I would take the whole Amazonia as a whole that is seen that it is a sink, but its capacity is substantially reduced."
Meteorologists say climate change negotiators at an upcoming conference in Scotland must take concrete action and make concrete pledges to reduce carbon dioxide emissions.
They say setting carbon-neutral targets will not work in stemming climate change. They also warn the world is heading toward a temperature rise of 2.5 degrees Celsius by the end of this century. This, they say, is far more than the Paris Agreement target of 1.5 to two degrees Celsius above pre-industrial levels. (VOA/RN)
Keywords: Climate change, amazon rain forest, UN Agency Warns, World Meteorological Organization, greenhouse gas emissions.
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Receiving compliments is something that a majority of us enjoy. Compliments, after all, make us feel good about ourselves. Sometimes compliments intended to be flattering turn out to be a tremendous turn-off, and in some cases, they are insulting. 'Beauty with brains is one of those compliments. So, is 'beauty with brains' a compliment? Without further ado, I would confidently say- NO! It doesn't matter what your gender, colour, or identity is. The answer is clearly a no.
Beauty with a brain suggests that you can only have one of these qualities and that you are an 'exception' if you possess both. "Oh, Wow! You are a beauty with brains" is a phrase that women often hear. This statement is used when a female exhibits characteristics that indicate she is intelligent. People are taken aback if they see a wise and beautiful woman because women are stereotyped to be either beautiful or brainy. The concern with this is that it is naturally assumed that men are intelligent. Women, on the other hand, are supposed to have a natural beauty. If she isn't attractive according to the norms laid down by society, it is expected that she would at the very least be intelligent. When someone manages to be both, it is regarded as a significant accomplishment.
People are taken aback if they see a wise and beautiful woman because women are stereotyped to be either beautiful or brainy. | Photo by Unsplash
Women are being stereotyped into two attributes: being attractive and being intelligent, and they are being conditioned to think that these characteristics cannot exist together. When you tell someone that they are not beautiful, you are implicitly attempting to fit them into the so-called "beauty standards" that today's era is so preoccupied with maintaining. And that is a significant issue. We are not required to fit in; we should take the risk of being unusual.
Many movies, television series, and even advertisements depict the female lead as someone who is the attractive one, well-dressed, with a face full of makeup and lovely hair. On the other hand, the intelligent girl is usually the one with unkempt hair, strange fashion sense, and little to no makeup.
While our generation has been the target of insulting and sexist slurs that have caused us to question our abilities on several occasions, let us work together to reverse the trend. Let us educate each other that beauty and intelligence can coexist and that we are all beautiful in our way and don't need to fit in the so-called standards set by our draconian society.
Keywords: women mental health, beauty, brains, men, intelligence society
Malgudi, a small fictional town in South India has been part of the childhood of most Indians. It is an old, shabby, and peaceful town that is unruffled by politics. The stories set in this small town ring the sense of belongingness in the hearts of its readers. The familiar feeling that feels like home resonates with their soul. And teaches important life lessons to the readers through simple tales. Malgudi Days is one of the books that every Indian child should read. The book is a compilation of 32 short stories that paint a beautiful picture of small-town in India around the '60s and '70s
R. K. Narayan, one of the most well-known and popular writers within India and outside India is the creator of this town and the occurrences of this town. The stories follow the characters Swami and his friends through their everyday lives. Be it the story of fake astrologers who scam and loot the people by his cleverness, or the story of a blind beggar and his dog where the money blinded the man with greed; each story has a lesson to learn, morals and values hidden in it. As the stories are simple, easy to understand yet heart-touching it makes it easy for the kids to connect with each character and imagine the story as if the reader themselves were the protagonist of the story. In simple words, we can say that R.K. Narayan simply told stories of ordinary people trying to live their simple lives in a changing world.
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As written during the Indian Independence movements and finally published in 1943. The stories in the Malgudi days beautifully encapsulated the transitioning milieu of the British era to post-Independence India. Each of the stories portrays a facet of life in Malgudi and simultaneously a life in an Indian town. R.K. Narayan was one of the first writers who pioneered Indian writings in the English language and the book was later republished outside India in 1982 by Penguin Classics. Thus, the book enjoyed a worldwide audience. The New York Times even described the virtue of the book as "everyone in the book seems to have a capacity for responding to the quality of his particular hour. It's an art we need to study and revive."
The beautiful storytelling of the book was assisted by beautiful illustrations allowing the children to let their imagination teleport them to the world of Malgudi. All the illustrations in the book were illustrated by the world-renowned cartoonist, R.K. Laxman who is also R.K. Narayan's younger brother. The illustrations complimented the scenes from the stories and excited the children, keeping them engaged in reading the book for hours.
The illustrations complimented the scenes from the stories.Pixabay
The short stories from Malgudi Days were later adapted into a television adaptation in 1986. This show was directed by actor and director Shankar Nag. It was filmed both in Hindi and English, containing 54 episodes and the first 13 episodes respectively. Later the series was revived for additional 15 episodes. The show featured several popular celebrities from the Kannada film industry of those days – Girish Karnad, Vishnuvardhan, Ananth Nag, Arundhati Nag and Vaishali Kasaravalli, to name a few. The series was premiered on the Doordarshan channel and became the window into the town Malgudi for many. The show did not only excel in its storyline the TV adaptation elevated the storytelling as the show was technically very sound and stood out in its fantastic detailing in terms of locations and sets. With the cinematography being creative The Malgudi days- TV series once again warmed the hearts of both young ones and adults.
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Malgudi- our childhood home
Malgudi days hold a special place in the hearts of whoever has read the book as a child. With the detailed descriptions of the town and stories one almost gets a feeling that they've visited the place themselves. The characters, Swami and his friends feel like they were all readers' childhood friends. The surreal feeling of being home in the world of Malgudi. The world of Malgudi is intimate, warm, lifelike, and engaging. The setting is modern, and the life portrayed in these stories is contemporary. Still, there is an old-time air about It. R K Narayan once described Malgudi as "Malgudi is where we all belong, and where we wish we lived."
Keywords: Malgudi days, Malgudi, R K Narayan, R K Laxman, storytelling, our childhood home Malgudi