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Choosing between Term Insurance and Life Insurance in India can be confusing for first-time buyers. While both provide life cover, they serve very different purposes. Term insurance focuses only on protection, while life insurance also offers savings or investment benefits. In this guide, we compare term insurance vs life insurance in India to help you understand their differences and pick the right option for your financial goals. What is Term Insurance? Term insurance is the most basic form of life insurance. It offers financial support to your family if you pass away during the policy term. If you survive the policy period, you will not receive a refund of money. Key Features of Term Insurance: Affordable premiums with extensive coverage Protects your family’s financial future No maturity benefits if you outlive the policy Suitable for first-time buyers and working professionals Eligible for tax benefits under Sections 80C and 10(10D) What is Life Insurance? Life insurance is a b...

  Managing money often feels overwhelming when you’re new to personal finance. Understanding essential concepts like credit, investments, insurance, and digital payments helps you make confident choices and create a strong foundation for long-term financial security. This finance hub is designed to simplify complex financial topics and provide clear, beginner-friendly guides tailored for Indian readers. Whether you want to understand Buy Now, Pay Later options, learn how credit cards work, start investing in mutual funds, or explore insurance and cryptocurrency basics, these guides will help you move forward with confidence. Each article below focuses on practical knowledge, real-world examples, and easy explanations to help you take control of your finances step by step.   Essential Finance Guides Buy Now, Pay Later (BNPL) in India The Intermediate Guide to Credit Cards A Step-by-Step Guide to Mutual Funds The Intermediate Guide to Insurance Meet the Cryptocurr...

   A sort of short-term financing known as "Buy Now, Pay Later" (BNPL) enables you to make payments in installments before the end of the designated time frame for making purchases. Customers in India have access to BNPL capabilities through a large number of fintech companies and online retailers as a practical payment option that works well in place of credit cards. With its transparent nature, accessibility, and free EMIs, BNPL is poised to revolutionize the loan industry. Related Post: → The Intermediate Guide to Credit Card What is Buy Now, Pay Later? The option to pay in installments for a transaction you're about to make—usually online—is known as "buy now, pay later." Typically, the offer originates from an external organization. Let's say you intend to purchase a Peloton cycle that you intend to ride more than once a month. If you choose to pay for it over time in installments, Affirm, a third-party company, will finance your purchase rather tha...