Insurance

Mr. A’s flat in a high rise was recently gutted in a massive fire which broke out due to short-circuit. His entire property, contents, including all important documents, valuables, electronic items, were destroyed in the fire. Unfortunately, Mr.A learnt the importance of home insurance the hard way. Our home is one of the costliest assets we own and we entrust our major life savings into buying it. However, we do not realise that our home too needs protection in the form of insurance and is rarely the cover to figure on our buying list. Unforeseen situations like burglary, fire, earthquake, […]

Ask any individual about their health insurance coverage and the basic sum insured would typically range between Rs.2-5 lakh. This primary cover does not usually prove to be sufficient with passing age and increased health care costs. Any lifestyle disease or any complicated medical condition in the future can easily consume the entire health cover in one go. One has to pay a huge sum then from the own pocket. Health insurance cover thus needs to be reviewed at regular intervals and should be enhanced, especially after crossing 40. So, how do you increase insurance coverage at optimal costs? This […]

Click to Enlarge Buying life insurance cover is one of the most vital aspects of Financial Planning. And choosing a suitable life cover is a very important decision. Term insurance has the been the simplest form of life insurance product to understand. The insured pays regular premiums during the policy term and in the event of his death, the nominee gets a lump sum death benefit. But even with a simple term policy, many a times, there is confusion among buyers. It is because of the extra features called the insurance riders which come on offer along with the base [...]

Click to Enlarge Most life insurance companies today offer term insurance plans online. The premiums of these plans come at less than half the price of the insurance plans bought offline. The absence of an agent between the customer & insurer and low operational costs are the primary reasons for such low premiums. Unfortunately, this is the starting point in selecting a term plan. With information available online, a prospective buyer usually compares premiums of term insurance plans on websites to check out which one is cheaper. However, it should not be the only criterion to select a term plan. [...]

Diabetes has become one of the biggest health threats in India today and perceived to be a silent killer. As per media reports, presently, about 70 million people are affected by this disease, mostly in the age group of 30-60 years. Stressful lifestyle, poor diet, obesity, heredity, etc., are known to be the common causes of Diabetes. If not taken care, diabetes can cause a lot of health complications. Excess sugar levels can severely damage the eyes, kidneys, etc., and even double the risk of a stroke or a heart attack. Having a certain lifestyle for diabetes care can be […]

Bought health insurance for yourself and family? You have taken the right step to secure your family for medical emergencies. But your job does not end here. Tackling emergency not only means being prepared financially. It also means being prepared mentally at some level. Our rational mind would usually panic first during a medical emergency and may not think properly to take the right decision. The real test thus happens in the event of an hospitalisation and claiming health insurance is just one element of preparedness. Let us examine how you can be further prepared by looking at the other […]

You have bought health insurance and are paying regular premiums on it. You think your job is done and you are prepared for any medical emergency. Presently, you have no health condition by God’s grace. But do you think this health cover will be sufficient after 5 years? Buying health insurance is not a one-time thing. It needs to be periodically reviewed and if necessary, upgraded as well. With passing age, there would be a sea-change in your life priorities. Depending on how life is treating you and how you are treating life, health insurance requirement would vary at every […]

Parents provide everything to their children to the best of their abilities. Time & money, both. They never stop caring even after their children become adults, start working, get married, become parents. They put their priorities first before their own. One of the areas where parents ignore their own basic need is having adequate health insurance as they age. The awareness about this basic necessity is low among the elder generation. Even if they have health cover, it is probably peanuts. The health policy offered by employer ceases to exist after retirement. To hunt for a separate medical policy in […]

Buying a health insurance policy is one of the wisest things you can do for yourself and family. But what happens if the insurance claim which you are in dire need of to pay hospital bills is rejected by the insurance company. While the health insurer could be at fault for wrongly denying a claim, many a times, it is the mistake of the policyholder. Before you accuse the company, start with knowing the reason for claim denial. Let us examine the probable factors which may lead to claim rejection: Waiting period: Every health insurance policy has a waiting period […]