Getting health insurance for your parents is one of the best financial decisions you’ll ever make. But let’s be honest — insuring senior citizens can feel stressful. Will they pass the medical tests? Are premiums affordable? What if your mom has diabetes or your dad has blood pressure issues? Thankfully, in 2025, many health insurers in India are offering policies for parents without a pre-policy medical test In this guide, you’ll learn: Which insurers offer no-medical-test health insurance Coverage amounts, waiting periods & key features How to choose the right policy with confidence Let’s make this decision stress-free Why Choose…
Author: finance troop
Term insurance offers the most affordable way to safeguard your family’s future — but not all plans work the same way. One key difference? • Whether your nominee receives a lump sum (one-time payout) or a structured monthly income after your death. If you prefer a plan that pays the entire life cover at once — this article is for you. In this 2025 guide, we’ll help you: What Is a Lump Sum Payout Term Insurance? In a lump sum payout plan, your nominee will receive: The entire sum assured as a one-time payment No monthly payouts / staggered payments…
Your CIBIL score is one of the first things banks or financial institutions check when you apply for a loan or credit card. Whether you’re applying for a small EMI loan or a ₹50 lakh home loan, this three-digit number heavily influences your loan approval chances in India. In 2025, lenders have become even more careful about your credit profile — especially with rising digital lending activity. So if you’re planning to take a loan this year, understanding your CIBIL score requirements is more important than ever. Let’s break it all down in simple terms. What is a CIBIL Score?…
Unfortunately, road accidents claim thousands of lives in India every month. Losing a loved one is heartbreaking — and at such a time, most families are completely unprepared when it comes to the financial and legal process of filing for accident-related compensation. This article will help simplify: Can a Family Claim Compensation for Death in a Road Accident? Yes. In India, if a person dies due to a road accident — regardless of whether it involved a car, truck, two-wheeler, or public transport — their immediate family has the legal right to claim compensation. This compensation is processed through…
In most Indian households, homemakers play an essential role — managing finances, raising children, running homes — yet their economic value is often underestimated. But here’s the truth: A housewife’s death could leave behind significant emotional and financial loss for the family. That’s why life insurance for housewives isn’t just a good idea — it’s often necessary. If your wife, mother, or spouse is a homemaker, and you’re wondering: Can she get insured without income proof? Which plans are available in 2025? What’s the premium and benefit range? This full guide has your answers. Can a Housewife Get a…
Getting into a good college has never been tougher — and paying for it can be even harder. With rising tuition fees in India and abroad, many students and parents are asking: “Can we get an education loan without offering property or fixed deposits as security?” The answer in 2025 is YES — if you meet certain conditions. In this guide, we’ll explain: Who can get a collateral-free education loan Best banks and NBFCs offering them Realistic amounts, rates & approvals Real-life examples to help you understand better Let’s break it down clearly. What Is a Collateral-Free (Unsecured) Education…
In a rapidly growing economy like India’s, small businesses need access to reliable funding just as much as large enterprises. Whether you’re a local kirana store owner or a technology startup founder, business loans can help you scale, stabilize, or simply survive through tough cash flow cycles. However, loan approval isn’t just about asking — it’s about showing. In 2025, understanding the requirements for business loans in India will increase your chances of approval from banks, NBFCs, and government schemes. This article covers all the essential business loan requirements — from eligibility and documentation to financial preparation. What Is…
Buying a home is one of the biggest financial decisions you’ll ever make — and it usually comes with a 15 or 20-year loan. But have you thought about what would happen if the main borrower becomes seriously ill… or passes away unexpectedly during that period? This is where home loan insurance steps in. In 2025, more Indian borrowers are choosing to secure their home loans with specially designed insurance policies. These plans ensure that in unfortunate events like death or disability, the insurer repays your outstanding home loan — protecting your family from financial stress, and your house from…
Whether you’re planning a wedding, covering medical bills, upgrading your laptop, or dealing with an emergency — you may find yourself stuck choosing between a personal loan and a credit card. Both offer quick access to credit, but they work very differently. One can help you save on interest — and the other can add to your debt faster than expected if you’re not careful. In this guide, we’ll break down: The main differences between personal loans and credit cards Key costs and features in 2025 Which one is better for specific situations Let’s help you choose smarter. What…
Studying abroad is exciting — but also expensive. While most students focus on getting into the right course and university, one thing is often overlooked: health insurance. Medical treatment in countries like the US, UK, Canada, Germany, and Australia is notoriously expensive. A simple hospital visit can cost thousands of dollars — and a single medical emergency could lead to massive debt, especially for international students. Whether you’re heading abroad for a degree, exchange semester, or research program, buying the right international student health insurance is essential. This 2025 guide will help you understand: Why you need health insurance as…