Get best health insurance quotes on ETMONEY mobile app

Smartphones and mobile applications have shrunk the whole world on your mobile screen. You can buy anything online, right from your home or office, equipped with a Smartphone and a mobile application installed on it. Even when it comes to buying health insurance, your Smartphone has a solution if you have the right mobile application.

ETMONEY mobile application is a one-stop solution for your financial needs. The application allows you to invest your money in suitable mutual funds, track your spending, take a loan and also buy insurance policies. In fact, when it comes to buying health insurance, the ETMONEY mobile app is the ideal solution.

Benefits of buying health insurance from ETMONEY mobile app

The expert often say that you should buy a health insurance policy only after comparing the available plans. Since a health plan is essential, many insurance companies offer a variety of plans for your coverage needs. That is why it becomes essential to compare the available plans and then choose a policy which offers the most suitable and comprehensive coverage benefits at the most reasonable rate of premium. The ETMONEY mobile app lets you do just that. Leading companies are tied up with the ETMONEY mobile app allowing you to compare some of the best health insurance products right on your mobile screens. Here are some of the main benefits of using the ETMONEY mobile app to buy health insurance –

  1. You can compare health insurance quotes of leading health insurance plans offered by the best companies in the market. This comparison allows you to get the best price for your health insurance policy
  2. The whole process of comparing and then buying the best health insurance policy is paperless. You just have to choose the suitable policy online and then buy it through the application. No physical documents are needed to complete the purchase
  3. Once you buy the health plan through the ETMONEY mobile app, you get an instant tax proof of the premium paid. You can submit this proof and get tax benefits when filing your income tax returns
  4. If you have any queries when buying a health insurance policy, you can contact the dedicated customer care representatives who would help solve your queries. You can, in fact, get personalized assistance to buy the best policy suiting your coverage needs when you buy through the application
  5. The ETMONEY mobile app allows a secured and safe one-click premium payment through EasyPay which lets you pay the premium instantly and get coverage without any hassles
  6. You can also get claim related assistance through the claim department of the ETMONEY mobile app. This assistance helps you get your claims settled quickly and without problems

In the competitive world of the health insurance segment, comparing and buying is very important and the ETMONEY mobile app allows you to do just that. Moreover, with personalized assistance and guidance, you can also pick the most suitable policy for your needs. Assistance at the time of claims is an added benefit which makes the ETMONEY mobile app the ideal solution to get and compare health insurance quotes.

So, if you are looking for a health insurance plan, simplify your task by downloading the ETMONEY mobile application. The application is compatible with both the Android and Apple operating systems and can be downloaded on any phone. Once downloaded, choose health insurance and provide your details. Based on your details you would be suggested the leading health insurance plans. Compare the plans on their coverage features and premium rates and then choose the most suitable policy. Once shortlisted, provide your personal details and buy the policy right from the application to get instantly covered. Isn’t it simple?

So what are you waiting for? Download the ETMONEY mobile application and get the best health insurance quotes right on your Smartphone.

Why Hybrid mutual funds are called the combination of Equity and Debt assets?

Equities bring returns but are risky. Debt is stable but low on returns. What if you want to walk the middle path? What if you want returns as well as stability? If such thoughts have been keeping you up at night, you have come to the right article. 

Hybrid Funds are a type of mutual fund that is allowed to invest across multiple asset classes such as equity, debt, arbitrage positions, etc. They combine the USP of equity and debt funds while downplaying their individual weaknesses. Read on to know more.

Benefits of Hybrid Funds

The long list of benefits of hybrid funds makes them a crowd favourite. Here are the key benefits of hybrid funds and compelling reasons for their inclusion in your portfolio.

  • Balance is the name of the game

The USP of hybrid funds is that it offers the best of both worlds (i.e. equity and debt). These funds allow you to strike the perfect balance between the 2 R’s – Risk and Return. The equity exposure helps to reap higher returns while the presence of debt provides stability and softens the blow in times of volatility.

  • Something for everyone

There are six variants of hybrid funds. This, in turn, means that irrespective of your risk profile, there is a hybrid fund scheme which caters to your requirement. For instance, if you are a risk-averse investor, you can opt for conservative hybrid funds which have a higher debt and lower equity composition. For investors willing to take risks, aggressive hybrid funds are a perfect match.

  • Access to multiple asset categories

One of the biggest benefits of hybrid funds is that it provides you with a platform to access several asset categories through a single product. Hence, no need to invest in multiple funds or schemes to get the benefit of each individual asset class.

  • Diversification is their middle name

A wise person once said, if you invest and you do not diversify, it is as good as throwing out your money. Diversification is a critical risk management strategy. By bringing together two non-linked (or conversely related) asset categories – equity and debt, it helps in managing the risk quotient of your investments. Hybrid Funds help to diversify the overall portfolio across as well as within the asset categories. 

  • Stepping stone to the world of investing

The equity market can give an overwhelming experience to first-time investors. If not dealt deftly, equity investments can leave quite a sour taste for such investors and even scar them for life. Hybrid funds help these investors to take baby steps into the world of equity without getting greatly impacted by the market fluctuations. 

  • Balance and re-balance

You already know that hybrid funds help to balance the two concerns of every investor. But do you also know that the portfolio of these funds is continuously re-balanced as per the market conditions? The concerned fund managers scan the market for updates, trends or future events that may impact the fund’s performance and rebalance the portfolio whenever the need arises. This activity, if being done by you, would require significant time, effort and technical knowledge to understand the market movements.

How to invest in the best hybrid fund online?

It is human tendency to wants the maximum result with the least possible effort. So, in this case, it becomes the choice of the best hybrid fund in the easiest way possible. The perfect solution is to go through the online route. Investment portals provide you with all the required information (performance, consistency, rating, expense ratio, AUM, etc.) of all the funds in one website. They help you choose the best hybrid fund online and also complete all the necessary formalities in just a couple of clicks. e-KYC, a pre-requisite for online mutual fund applications takes lesser time than making a pot of instant noodles! Best is to go with investment portals that are completely paperless. 

Final Words

Hybrid Funds are the all-rounder of mutual funds. They combine the best features of equity and debt funds and give you a balanced investment instrument. Moreover, selecting the best hybrid fund online is extremely easy and effective. So, if you wish to grow your wealth but simultaneously manage risk, inject hybrid funds into your portfolio.

New Withdrawal Rules of NPS due to COVID -19

2020 so far has been the year of the global pandemic created by Coronavirus. It has impacted the health and wealth of millions of people across the world. Closer home a sluggish economy, pay-cuts, lay-offs and a general sense of insecurity surround all of us. In such unprecedented times, even the smallest help or concession can help make lives of people easier and happier. With this same thought in mind, PFRDA (Pension Funds Regulatory and Development Authority of India) has announced some revision regarding the NPS withdrawal rules.

NPS and its features

NPS or National Pension Scheme is a government-backed pension cum investment scheme. Participation in this social- security scheme is voluntary in nature. Though at the time of launch (2004) it was intended only for government employees in 2009 it was made open to all employees (irrespective of sector – i.e. public, private or unorganized sector) except those part of the Armed Forces. 

Some key features of this scheme are:

  1. All Indian citizens (from the age group of 18-60 years) are eligible to join this scheme, provided they comply with the KYC guidelines.
  2. Even NRIs can take part in this saving scheme. However, if there is any modification in the NRI’s citizenship status, the membership will get closed.
  3. There are two ways to invest in NPS Online and Offline.
  4. The funds are managed by PFRDA authorized managers also known as NPS Fund Managers. Currently, subscribers can choose from 8 NPS Fund Managers –
    • Aditya Birla Sun Life Pension Management Limited
    • HDFC Pension Management Company Limited
    • ICICI Prudential Pension Funds Management Company Limited
    • Kotak Mahindra Pension Fund Limited
    • LIC Pension Fund
    • SBI Pension Funds Private Limited
    • UTI Retirement Solutions Limited
    • Reliance Capital Pension Fund
  1. In case you are not satisfied with the performance of the scheme or NPS Fund manager, you have the freedom to request a change. This benefit is extended to all accounts (Tier-I and Tier-II)
  2. NPS allocates its corpus across different schemes. You cannot invest more than half of your investment in the equity market. 
  3. NPS qualifies for tax deduction at all stages – investment, accrual and maturity. Investments made in NPS can be claimed for a tax deduction as per Section 80C of the Income Tax Act. Moreover, Section 80CCD(1B) allows additional investment (till Rs. 50,000) to be put forward for tax deduction. For subscribers falling in the highest tax slab, this can translate into yearly tax savings to the tune of Rs. 15,600.

Pre-corona withdrawal rules

National Pension Scheme allows its investors to make early withdrawals (i.e. before attaining the age of 60), provided:

  • The contribution has been done for a minimum period of three years
  • Withdrawal request cannot be more than 25% of the invested amount
  • More than three requests have not been made 
  • The withdrawal is for purposes like child’s education or marriage, construction or acquisition of a residential house, treatment of critical diseases

New withdrawal rules due to Covid-19

COVID-19 has been categorized as a global pandemic by WHO. Taking the fact that this is a critical and life-threatening illness, PFRDA has now allowed partial withdrawals by subscribers to fund Covid-19 treatment expenses. The announcement was made on 9th April 2020. The rules for the same are:

  • The withdrawal request can be made for meeting the financial expenses for treatment of self, spouse (legally wedded), children (biological and adopted) and dependent parents.
  • In order to avail this facility, you need to submit the withdrawal request along with a medical certificate. The request can be done digitally using the NPS online portal or through the offline mode. If taking the NPS Online route, they need to initiate the request by logging into the portal using their 12-digit PRAN (Permanent Retirement Account Number) details.
  • This benefit will not be extended to subscribers of Atal Pension Yojana (APY).
  • The withdrawal amount cannot go beyond 25% of the total contribution made.

Final Words

Health is wealth. So, if you are facing an immense financial crunch and need funds for medical treatment (Covid-19 related), you can look towards your NPS account. However, try to ensure that it is the last resort because it means taking away from your retirement savings. 

Health insurance ensures the best healthcare for you & your family in a medical emergency

Medical emergencies strike unannounced and when they do, besides incurring physiological stress, you also face financial stress. Medical treatments have become quite expensive as new and modern day treatments have revolutionized the healthcare sector. While modern medicine has found cures of many dreaded illnesses, it has also become unaffordable for the common man. Moreover, illnesses and injuries are on the rise and in this situation you need financial protection against the expensive medical costs. The best health insurance policy comes to your assistance in meeting the medical expenses and gives you financial relief.

Health insurance plans in India are also offered as family floater plans which help you avail coverage for all your family members under a single policy. The plan has a single sum insured and a single premium but all your family members are covered. If any insured member needs medical assistance, the policy covers the medical costs incurred up to the sum insured. Some of the coverage benefits provided by family floater health insurance plans in India are as follows –

  • Inpatient hospitalisation 

When you or your family member is admitted to a hospital, a lot of expenses are incurred on accommodation, nursing expenses, cost of surgeries, doctor’s fee, medicines, diagnostic tests, oxygen, blood, etc. These costs can easily amount to lakhs of rupees and a health insurance policy covers all these costs under its scope. The hospital bills are paid by the policy and you don’t have to face a financial strain paying for the hospitalisation expenses of your family.

  • Day care treatments

Day care treatments are those where hospitalisation for 24 hours is not required. These treatments are done within a few hours due to medically advanced techniques. Even though day care treatments do not require continuous hospitalisation, they are covered under health insurance plans so that you can avail such treatments without worrying about their associated costs.

  • Organ donor treatments

Organ transplant surgeries require considerable funds and they are, therefore, covered under health insurance plans. The cost of harvesting an organ from a donor and then its transplantation is covered under most health insurance policies so that you don’t incur huge bills.

  • Maternity expenses

There are health insurance plans which cover the costs associated with pregnancy and child birth. Since maternity costs can be considerable, these plans help you financially when you start a family. The cost of child birth and pre and post-natal medical care is covered under maternity oriented health insurance plans.

  • Critical illness coverage 

Critical illnesses can blow a serious hole in your pockets as they require intensive treatments which cost a bomb. Moreover, if you suffer from such illnesses, you might lose the ability to work for some time which would impact your income. There are, therefore, critical illness health plans and critical illness riders which offer to cover specific critical illnesses. If you or an insured family member is diagnosed with any of the covered illness, the policy pays the sum insured in a lump sum. What’s better is that the benefit paid can be used in any way that you like. You can use the financial assistance to avail advanced treatments or you can simply pay off your financial liabilities so that your family does not face a financial burden.

Besides these coverage benefits, health insurance plans in India also allow you to opt for high sum insured levels which go up to crores. You can choose a sufficient sum insured so that you and your family members are comprehensively covered against any type of medical cost. The premiums are also affordable ensuring that you can afford a comprehensive policy without putting a big dent in your wallet. You also get tax benefits on health insurance premiums which help in saving taxes. 

So, invest in the best health insurance policy covering yourself and your family and get quality healthcare facilities if you or your family members face any medical contingency. 

What is the difference between hybrid funds and debt funds?

Mutual Funds have taken the Indian markets by a huge storm. As per AMFI reports for the year 2019-20, 9.83 lakh SIP accounts have been added each month! Broadly speaking, there are five categories of mutual funds for Indian investors:

  • Equity schemes, 
  • Debt schemes, 
  • Hybrid schemes, 
  • solution oriented schemes, and
  • other schemes such as ETFs, FOFs, etc.

In this article, we will compare hybrid funds and debt funds and see if one of them has an edge over the other. But before we determine if you should invest in hybrid funds or debt funds, let us look at their meaning.

Debt Funds are mutual funds which invest predominantly in debt and money market instruments. As these schemes allocate a majority of their total assets in fixed-income or interest generating instruments, they are considered a relatively low-risk investment option. Debt funds seek to generate average (but stable) income for the investors. 

Hybrid Funds are mutual funds that vest across asset categories (for instance, equity, debt, arbitrage positions, etc.). The core benefits of hybrid funds are that they seek to combine the best of both worlds – higher capital appreciation from equity exposure as well as stability through the presence of debt. They are also referred as Balanced or Asset Allocation Funds.

Comparison of Hybrid and Debt Funds

  1. Portfolio Composition

The portfolio of debt funds consists predominantly of debt and money market instruments. The benefits of Hybrid funds, on the other hand, is that they come in all shapes and sizes. For instance, aggressive hybrid funds have a higher equity exposure and a small debt allocation. Conservative hybrid funds have a significant debt presence and marginal equity exposure. As a result, regardless of your risk appetite, there will be a hybrid fund which is aligned to your investment profile.

  1. Risk

Debt funds have a low-risk profile when compared to equity funds. However, contrary to popular opinion they are not completely risk-less investments. They have three risk agents – credit risk, interest rate risk and liquidity risk. Usually, longer is the maturity period of the debt funds’ underlying instruments, higher is their risk quotient.

The risk profile of hybrid funds is derived basis its asset allocation. Schemes with significant equity exposure (such as aggressive hybrid funds) have a higher degree of risk. Schemes with majority allocation in debt instruments (such as conservative hybrid) have a lower risk quotient.

  1. Returns

Higher the risk, higher is the return. As a result, debt funds which carry relatively less risk yield low returns. However, they are usually stable in nature. 

Hybrid Funds, on the other hand, have the potential to generate higher returns by increasing their exposure.

  1. Liquidity

Debt Funds (especially Liquid or Overnight schemes) score over Hybrid Funds in this aspect. These funds are extremely liquid in nature. Some even have the provision of instant redemption. Hybrid Funds take longer to liquidate because of the presence of equity in their asset allocation.

  1. Taxation

Income Tax framework considers only two categories of mutual funds – Equity Funds or Debt Funds. Gains from Debt Funds are treated as long-term capital gains if the holding period exceeds three years. They are taxed at 20% with the benefit of indexation. Short-term capital gains from these schemes are taxed as per the applicable income tax slab (As part of your overall income).

When it comes to hybrid funds, the taxation guidelines are dependent on their asset allocation. If the scheme invests more than 65% of the total assets in equity (or related instruments), it is taxed as an equity fund. Otherwise, the tax rules for debt funds are levied.

  1. Investment Horizon

Debt Funds are a good option for short-term financial needs. Hybrid Funds are more suited for investors with a medium – long term investment horizon. This is because, equity markets are extremely volatile, especially in the long run. You need to remain invested for a significant time period (at least a full-term government) to get the maximum return on your equity investment.

Final Words

So, should you invest in hybrid funds or are debt funds? Unfortunately, there is no one answer that will apply to all investors. Active risk management, diversification and auto portfolio rebalancing are some of the key benefits of hybrid funds. On the other hand, debt mutual funds are less volatile, safer and financially more lucrative than conventional instruments such as FDs. 

The final decision (whether you invest in hybrid funds or debt, or in fact any financial instrument) your own investment profile – risk appetite, financial goal as well as investment duration. Even the best performing mutual fund may not generate the desired results for you if there is a mismatch between the scheme’s objective and your investment profile. So, align yourself and rake in the moolah!

Who Should Invest in ELSS Mutual Funds and explain Tax Implications on ELSS?

Equity Linked Saving Schemes, ELSS, are quite popular among investors. These schemes allow you to invest in equity oriented securities for good returns. The lock-in period of three years gives you the benefit of disciplined savings and the tax benefits are the icing on the cake. However, when investing in ELSS mutual funds, you should understand the fund completely. So, let’s understand what ELSS funds are, who should invest in them and their tax implications – 

What is an ELSS fund?

An ELSS fund is an equity oriented mutual fund scheme. The fund invests at least 65% of its portfolio in equity oriented stocks for maximum returns. There is a lock-in period of 3 years on ELSS investments during which you cannot withdraw or redeem the fund. ELSS funds are popular because they allow tax saving benefits on the investments.

Who should invest in ELSS mutual funds?

ELSS mutual funds might not be the best investment avenue for every mutual fund investor. You should invest in ELSS schemes if you are comfortable with the following facts –

  • You are able to take equity linked risks which the fund entails. Since ELSS is an equity oriented fund, it has investment risks in market volatility. If you have a health risk appetite, you can invest in top ELSS funds in India
  • If you do not need funds within the next three years, you can invest in ELSS schemes. Since the scheme has a lock-in period of 3 years, your investment would be locked in for the specified duration restricting your access to your investment. So, if you have no financial need in the near future you can invest in ELSS funds.
  • If you want to maximize the tax saving benefit of Section 80C, you can invest in ELSS schemes. Your investments would be allowed as a deduction from your total taxable income thereby lowering your tax liability.

So, if you want to save tax, don’t mind the investment risk and have no pressing financial need in the next three years, you can invest in ELSS schemes. 

Tax implications of ELSS funds

ELSS mutual funds are popular because of their tax saving nature. Let’s have a look into the tax benefits which the funds provide –

  • Tax benefit on investments

Investments into the ELSS scheme qualify as a tax-free deduction under the provisions of Section 80C of the Income Tax Act, 1961. You can claim a deduction of up to INR 1.5 lakhs from your taxable income under Section 80C if you invest in ELSS funds.

  • Tax benefit on returns

Since ELSS mutual funds are equity oriented schemes, they attract equity taxation. Returns earned from the ELSS schemes are not subject to tax if they are up to INR 1 lakh. However, if the returns exceed INR 1 lakh, the excess is taxed at 10%. So, if you earn returns up to INR 1 lakh, the entire earning would be a tax-free income in your hands. In case your returns are INR 1.5 lakhs, tax @10% would be payable on the excess return of INR 50,000 while INR 1 lakh would be completely tax-free.

Thus, ELSS mutual funds provide you with good tax benefits on both investments as well as on returns.

Top ELSS Funds in India

Here are some of the top ELSS funds in India to choose from –

Name of the fund3-year return as on 28th April 2020
Axis Long Term Equity Fund5.5%
Canara Robeco Equity Tax Saver Fund4.61%
Mirae Asset Tax Saver Fund3.91%
Invesco India Tax Plan3%
Aditya Birla Sun Life Tax Relief 96 Fund1.48%


Understand the concept of ELSS mutual funds, their suitability and tax implication before you invest in them. Choose the best ELSS funds available in the market based on their returns and consistency so that you can maximize your wealth.

Advantages of Money Market Funds and how tax is applied to it

The world of mutual funds is wide and varied. There is something for everyone. The risk-loving investor can opt for equity funds while debt funds fit the bill for the safe investors. Basis SEBI’s re-classification exercise, there are 16 types of debt funds. This classification is primarily basis factors such as the type of debt instrument each fund is permitted to invest in, the maturity period of the underlying instruments or their credit rating. In this article, we will give you an overview of money market funds and why you should consider investing in them.

What are Money Market Funds?

Money Market Mutual Funds providers invest in money market instruments with a maturity tenure of up to one year. For example, 

  • Treasury Bills (T-Bills), 
  • Commercial Paper, 
  • Certificate of Deposits (CDs), 
  • Re-purchase agreements, 
  • banker’s acceptances, etc. 

These instruments are generally highly liquid and ultra-safe. The core objective of Money Market Mutual Funds providers is to help investors with a safe and easily accessible investment avenue for short-term investments. These funds are as safe as putting money in a bank’s saving account, but with the potential of generating higher returns.

Advantages of money market fund investments

  • Liquidity

Money market funds are highly liquid in nature as they predominantly invest in fixed-income securities with a short maturity period. Investors have easy access to their principal investment. This factor makes these schemes suitable for unforeseen or emergency fund requirements. The high liquidity quotient of the market also allows the investors to capitalize on the increasing rate of return (short-term) and accordingly select an appropriate money market fund.

  • Safety

Money market instruments are known as a safe-zone for investors, especially when compared to equity investments. This is due to their high liquidity and the strong creditworthiness of the instrument issuers. Capital preservation is a key objective for Money Market Mutual Funds providers.

  • Returns

These mutual funds have the potential to generate healthy and stable returns, especially when compared to conventional investment avenues such as Bank Fixed Deposits of a comparable time frame. 

Money Market Mutual Funds providers design the funds in such a manner that the fund manager is able to able to adjust the investment duration basis the prevalent market conditions. For instance, when the market rates are on an upswing, these investments earn higher returns in the form of increased interest incomes. In the event of a downtime, they compensate for the reduced interest income through capital gain generation. This also helps to keep the overall risk of the investment under control.

  • Flexibility

These funds offer a great degree of flexibility to investors. They can be issued as well as withdrawn in short duration. 

Taxation of Money Market Mutual Funds

Money market funds are taxed as per the rules applicable to other types of debt funds. The taxation guidelines depend on the holding period of investment.

  • Holding period of fewer than three years

Gains from investment in these funds (when redeemed before completion of three years) are short-term capital gains. These gains are added to your overall taxable income and taxed as per the applicable income tax slab

  • Holding period of more than three years 

Gains from investments held for three years or more are long-term capital gains. The tax rate for such income is 20% with the benefit of indexation. The presence of indexation benefit helps to reduce the tax obligation. The initial cost of investment and the returns earned thereon get adjusted basis the inflationary rates.

The bottom line

Money market funds are the perfect type of debt funds for investors who are looking for a short-term cash-like investment which generates decent returns with minimal risk. These funds can also be a great diversification agent for the overall portfolio.

Best App to buy term insurance within a few clicks

The importance of a term insurance plan cannot be stressed enough. The plan covers the risk of premature death and provides your family financial security even in your absence. If you invest in a term insurance plan, you can leave behind a source of income for your family even when you, the breadwinner, are not around anymore. The plan has very low premiums and the coverage that it provides ensures peace of mind. That is why having a term insurance plan in your kitty is always recommended but after understanding the different types of term insurance plans.

Many of you know that you can buy life insurance policies online. But did you know that you can also buy term insurance online through your Smartphones?

The Internet has brought about a revolution in modern society and nowadays almost everyone owns a Smartphone. To make the Smartphone a solution for every need, many mobile applications are available which bring the whole world literally to your fingertips. There are mobile applications for buying term insurance plans as well and the best application among all is the ETMONEY application. Do you know why?

The ETMONEY app – an edge in buying term insurance online

The ETMONEY application has been designed by the Times of India Group which is also the creator of leading brands like Economic Times, Times of India, MagicBricks, Indiatimes, etc. As such, the application is promoted by a reputed brand name which gives it credibility and trust. The ETMONEY application gives you a one-stop platform for investments, loans and insurance. It is a multi-faceted personal finance application through which you can buy term insurance online.

Why buy term insurance online through ETMONEY?

There are various advantages which you can get when you choose to buy term insurance online through the ETMONEY mobile application. These advantages include the following –

  • Choice of the best brands

ETMONEY has tied-up with leading insurance companies of the segment to give you a choice of some of the best term insurance plans available in the market. You can find the range of term insurance plans offered by HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, Max Life Insurance Company, etc. when you buy through the ETMONEY application. These companies offer some of the best term plans which ensure that you get the best coverage. You also get the choice of different types of term insurance plans and you can choose the plan which suits your needs.

  • Simple online process

Did you know that buying term insurance online took only a few minutes? The ETMONEY application has simplified the way that you buy term insurance online. You just have to enter in your personal details to find the most suitable term plans. You can then compare between the available plans and choose the plan which offers the most inclusive coverage at the lowest premium. Buying the plan is simple as you fill up an online application form and pay the premium online. Once the premium is credited, your policy is issued instantly and you get covered within minutes. 

  • Personalized assistance 

Insurance is a technical concept and you might have questions when buying the policy online. ETMONEY understands this and offers you personalised assistance when you buy the policy through its platform. You can connect with ETMONEY’s expert and get answers to all your queries. Moreover, even at the time of claim, you are promised help from ETMONEY’s team of experts so that you know how to get your claim settled at the earliest.

The ETMONEY app is available both on Google Play Store and Apple App Store. You can easily download the application on your Smartphone and buy term insurance online. The process is simple and you can also choose the best policy from the different types of term insurance plans available on the application. So what are you waiting for? Download the ETMONEY app today and insure yourself under a term insurance plan.

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