Next: Insurance
Insurance is not an investment
The bundled-policy pitch taken apart with simple arithmetic: where each rupee of premium goes, why the seller pushes so hard, and where to complain.
22 min
beginner
Term insurance: the cheapest big promise
Pure risk cover buys a very large sum for a small premium, and the honesty of your proposal form is what decides whether the claim is ever paid.
3 lessons · about 22 minutes · written for reading age 13 · last checked 2026-08-11
Risk transfer, and why term costs so little
Insurance swaps a small certain cost for a large uncertain one. Term is that swap with nothing else mixed in, and that is why the cover is so large.
8 min
Riders, and what a settlement ratio really says
The add-ons sold alongside term cover, and why a 99% claim settlement ratio describes an insurer's past year rather than your family's odds.
6 min
Disclosure, Section 45, and the MWP shield
Why the proposal form decides a claim years before anyone files it, and the 1874 law that holds your family's payout beyond creditors' reach.
8 min
Check yourself
4 questions at the end. Every wrong answer explains itself.
Tools for this
Sources
- IRDAI — regulations, annual report and consumer information — Insurance Regulatory and Development Authority of India · checked 2026-08-11
- IRDAI policyholder education portal — Insurance Regulatory and Development Authority of India · checked 2026-08-11
- Insurance Act, 1938 — sections 39 and 45 — India Code, Legislative Department · checked 2026-08-11
- Married Women's Property Act, 1874 — section 6 — India Code, Legislative Department · checked 2026-08-11