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New To Insurance? Keep These 5 Things In Mind While Purchasing Life Insurance

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Nothing can be better than a happy and healthy family that supports you throughout your life in every possible way. And, to reciprocate the love and acre, you would want to keep them financially protected. This is where buying life insurance ensures financial protection for your family, when you are not around to take care of them. 

Generally, life insurance is a contract between the insurance provider and the policyholder. Here, the insurance company provides an assured sum to the insured’s family for the premiums paid over the years. 

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During such situations, it is difficult for the family to manage emotional and financial stress together. Therefore, it is vital to make fund arrangements for your family to help them keep away from financial stress. 

You can even opt for life insurance plans such as Term plans, health insurance and ULIPs, etc. There are several benefits that a life insurance plan provides such as:

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a)    Financial security and Peace of mind

b)    Wealth creation, depending on the plan you choose

c)    Flexibility of choosing an appropriate plan

d)    Tax benefits up to a certain limit 

e)    Death benefits to the insured’s family

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f)    Different Rider Options

Before choosing life insurance in India, it is essential to know about the different types of life insurance plans available, to make an appropriate decision in tandem with your financial goals. Below mentioned are the types:

1.    Term Insurance Plan

It is an affordable type of life insurance that provides the assured sum at the end of the tenure. You will need to pay insurance premiums for a particular period at regular intervals. With such insurance, the nominee is eligible for receiving the amount in case of your untimely demise. 

2.    ULIPs (Unit Linked Insurance Plan)

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ULIPs are a type of life insurance that provides dual-benefit of investment and life insurance coverage. A part of your amount is invested in market-linked securities like debt, equity, etc., which might be a good source of passive income. Similarly, it also provides a life coverage, in case anything unfortunate happens to you.

3.    Child Insurance Plans

This is also a saving cum investment insurance plan that helps meet your child’s financial needs when he/she grows up, such as their education expenses, dream to study abroad, marriage, etc,. 

4.    Endowment Plan

An endowment plan provides savings benefit along with life coverage. If anything unexpected happens to you during the tenure, the nominee will get the assured sum; if you outlive the tenure, you will receive the amount.

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5.    Retirement Plans

It is similar to the endowment policy. If you survive the tenure, you can enjoy financial independence during your old age, or otherwise, your nominee will receive the amount.

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After knowing what is life insurance and its types, you should consider a few parameters to buy appropriate life insurance in India according to your financial goals and needs. A few of them below:

1.    Coverage Requirements

You need to assess your long-term financial needs and existing assets and liabilities to decide the amount of coverage your family might require in the future. Despite of being financially sound, it is advisable to buy life insurance, to avoid financial difficulties that might arise in the future.

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2.    Tenure of the Policy

Depending on the age bracket in which you fall, you can decide the length of tenure. It is advisable to start investing at a young age because usually, the premium amount is quite reasonable. 

In addition, if you invest this amount for a longer period of time, your family will be eligible for receiving a larger corpus of the fund if anything happens to you. If you start investing at a later stage, you might have to pay a higher premium amount.

3.    Rider Options

A basic life insurance policy has certain exclusions. To compensate them, you can buy various rider options like critical illness rider with a basic life insurance plan to cover maximum diseases. The number of illnesses covered and other benefits vary across different providers.
4.    Compare Plans, their Benefits and Charges

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You should always compare various insurance plans, their benefits and associated charges across various insurance providers using an investment calculator. The one that provides maximum benefits in the premium amount you can afford and levies minimum charges should be preferred. The associated charges might include administration charges, fund management charges, mortality charges, etc. 

5.    Tax Saving Options

You can save a fair amount of tax if you invest in life insurance wisely. Section 80C of the Income Tax Act, 1961 includes provisions for such deductions in detail. The upper limit of premium payments to avail such deductions is Rs. 1.5 lakhs per annum.

After estimating and comparing the different types of life insurance, you can choose an appropriate life insurance plan depending on your financial goals. It is preferable to choose credible Insurance providers like Max Life Insurance, who have transparent terms and conditions, and provides maximum benefits possible depending on the premium amount. The investors can be worry-free about the return on investments and the claim disbursal in case of emergency. 
Begin investing today to have a better tomorrow!

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Education

ESCP Business School names Marie Taillard as UK dean amid London push

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LONDON: ESCP Business School has appointed Professor Marie Taillard as dean of its London campus, effective December 19, 2025, as the institution sharpens its expansion and academic ambitions in the UK.

Taillard, who previously served as interim dean, will take on the role for a three-year term. Her appointment comes as ESCP seeks to strengthen its position in London and expand its academic, industry and societal engagement across the UK.

ESCP Business School executive president and dean Leon Laulusa, said Taillard’s expertise in creativity and marketing, combined with her long association with the institution, made her well placed to shape the campus’s next phase. He credited her with launching the MSc in Marketing & Creativity, now one of the school’s flagship programmes.

ESCP London chairman of the board of trustees Lord David Gold, said Taillard would build on the campus’s recent momentum, citing her academic leadership and international outlook.

A L’Oréal professor of creativity marketing and former UK head of faculty, Taillard has been central to ESCP’s push for innovative pedagogy that bridges academic research and professional practice. She was recently shortlisted for the Times Higher Education’s Most Innovative Teacher of the Year award.

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Taillard said her focus would be on expanding the programme portfolio, strengthening lifelong learning and deepening links between academia, industry and local communities, aligned with ESCP’s Bold & United strategy.

She holds an MBA from Columbia Business School and a PhD from the University of London, and has held several senior leadership roles at ESCP since joining its permanent faculty in 2007. The London campus currently serves more than 1,900 students and executive participants each year and is ranked second in the UK by the Financial Times.

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Education

Amish Tripathi awarded honorary doctorate by University of York

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YORK: Bestselling author and former diplomat Amish Tripathi has added a new title to his name, Doctor of the University. 

The University of York in the United Kingdom has conferred on Tripathi an honorary doctorate, honouris causa, recognising his contribution to Indian literature and his role in carrying Indian culture to audiences around the world.

In its citation, the University described Tripathi as the fastest-selling author in Indian publishing history. His 12 books have sold over eight million copies globally, earning him a regular place on Forbes India’s list of influential celebrities.

Beyond the printed page, Tripathi is a familiar voice and face to viewers. A seasoned broadcaster, he has hosted acclaimed documentaries, including the award-winning Legends of the Ramayan. He is also co-founder of Tara Gaming, the studio behind Age of Bhaarat, billed as India’s first AAA video game. Before returning to full-time creative work, he served as minister for Culture and Education at the Indian High Commission in London.

The honorary degree was presented at the University of York’s winter graduation ceremony in the second week of January 2026, in the presence of students, faculty and guests from across the world. In awarding the honour, the University praised Tripathi for deepening global understanding of Indian values, traditions and storytelling.

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He was joined in this year’s roll of honour by three other distinguished figures: renowned mathematician professor Simon Donaldson, ecologist professor Sue Hartley OBE, and dame Amanda Blanc DBE, group chief executive officer of Aviva.

The University of York awards its honorary doctorates to individuals whose achievements show exceptional distinction and reflect the institution’s values. For Tripathi, it marks another chapter in a career that continues to blend myth, modernity and meaningful dialogue across cultures.

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Education

Niit MTS snaps up Sweetrush in $26m USA push

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NEW DELHI / SAN FRANCISCO: Niit learning systems limited’s managed training arm, niit mts, has bought 100 per cent of Sweetrush Inc in a deal worth up to $26 million, tightening its grip on the USA and sharpening its ai-led learning offer.

The acquisition, completed through Niit (USA) inc, includes performance-linked earn-outs over five years. Sweetrush, founded in 2001 by Arturo Schwartzberg and Andrei Hedstrom and headquartered in San Francisco, employs more than 100 people across the United States and Costa Rica, with a wider bench of learning specialists.

Niit MTS is betting that Sweetrush’s award-winning, human-centred learning design, spanning certification-driven content and a fast-growing talent solutions practice, will plug neatly into its global, ai-enabled managed learning platform for Global 1000 clients. The aim: turn project work into sticky, annuity-like contracts and lift wallet share across enterprises, professional associations and not-for-profits.

Niit MTS chief executive officer and executive director Sapnesh Lalla, said the tie-up brings “human-centred learning craft and global operational scale, powered by technology and AI, under one roof”.

Sweetrush chief executive officer Danielle Hart, said joining niit offers a bigger global runway while preserving the firm’s culture of care and innovation.

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Niit MTS vice chairman and managing director Vijay K Thadani, called the deal a boost to its outcome-focused portfolio, marrying strategic learning interventions with delivery at scale.

Sweetrush’s founders struck a similar note. Arturo Schwartzberg said the teams and culture would remain intact, now backed by Niit’s heft, while Andrei Hedstrom said the combined ecosystem would “amplify” the firms’ impact on mission-critical learning.

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