Benefits of Term Insurance
New Delhi (India), January 23: A term plan is a type of life insurance policy designed to provide financial benefits to a chosen beneficiary upon the death of the insured. It offers coverage for a specific period, most often 10, 15, 20 or 30 years and typically has no cash-value component.
Date: 23/01/2023 / Source: DeccanHearaldRead more..
LIC Jeevan Azad (Plan No. 868): New LIC policy for Rs 5 lakh cover and other benefits
The Life Insurance Corporation (LIC) of India has launched Jeevan Azad (Plan No. 868), which is a new plan aimed at individual savings and life insurance. As per LIC, the plan offers an attractive combination of protection and savings.
Date: 20/01/2023 / Source: Source: Financial ExpressRead more..
Your money: Buying insurance? Don’t chase returns, maximise risk cover
Acquaintances often request me to suggest life insurance products that can fetch high returns. Occasionally, they are subjected to product presentations by insurance advisors, showing returns that make them thrilled but also make them circumspect on whether the insurance products can really earn such high returns.
Date: 20/01/2023 / Source: Source : FINANCIAL EXPRESSRead more..
Health insurance evolving to suit millennial needs
India has a major share of the millennial demographic — 34% of the total population — to be precise. While this might be a significant percentage, before the pandemic struck, this consumer segment seldom considered having an adequate insurance policy.
Date: 08/01/2023 / Source: Source : The HinduRead more..
Fiscal Deficit, GDP, Other Financial Terms You Should Know Ahead of Budget 2023
Union Finance Minister Nirmala Sitharaman will present her fifth budget on February 1. The Union of India contains the government’s revenue and expenditure for a given fiscal year and is a massive and complex document. Here’s your guide to understanding various financial jargon that you may come across in Finance Minister Nirmala Sitharaman’s Budget speech.
Date: 06/01/2023 / Source: News18Read more..
Comprehensive health insurance policy: Here are 7 key features you should know
Healthcare costs in our country have been rising at a faster pace. According to the latest reports from various health organisations, healthcare inflation in India is 14% per annum. While creating a financial plan for the family, insurance plays an important role in managing the risks. We have already discussed term insurance as a measure to mitigate the risk of death.
Date: 05/01/2023 / Source: Source : mintgenieRead more..
Can’t decide what health insurance plan to buy? Here are some tips from Siddharth Singhal
“If you are somebody who already has health insurance and are looking to bump up your cover at a very low cost, top up is a great option to go for. The detectable amount of that top up has to be equivalent to the sum insured that you already have,” says Siddharth Singhal, Business Head, Policybazaar.com
Date: 05/01/2023 / Source: Source : The Economic TimesRead more..
Looking to buy a term insurance policy? Calculate your Human Life Value (HLV) first
Buying a term life insurance policy is the decision of a lifetime. So, it’s important that the amount arrived at is correct. Human life value (HLV) is one of the methods of computing the right cover amount.
Date: 28/12/2022 / Source: Source : money controlRead more..
Covering Senior Citizen parents with Office Group Medical Insurance only could be disastrous – Here’s why
Group medical cover (GMC) covers the employee and their dependents such as the spouse and children and in certain cases, parents are also covered.
Date: 26/12/2022 / Source: Source: Financial ExpressRead more..
What is the right age to purchase a health insurance policy?
As young people are more healthy compared to the older people and have lower risks of getting ill, their participation helps in reducing the health insurance premium and make it more affordable for everyone.
Date: 19/12/2022 / Source: Source: Financial ExpressRead more..
Common exclusions in health insurance policy
Irrespective of the insurer you buy a policy from, all health insurance plans have notable exclusions which you as a policyholder or buyer should be aware of. A careful scrutiny of such exclusions will save you from a nasty surprise later on.
Date: 16/12/2022 / Source: Source : ETNOWRead more..
Why you should buy health insurance now, and not wait till retirement
Buying health insurance when you are comparatively younger and healthier will supplement your employer-provided cover for any higher hospitalisation bills and there will be no hassles in terms of renewability. If you want to buy insurance at an advanced age and have some new health issues, insurers may not even be willing to cover you.
Date: 07/12/2022 / Source: Money ControlRead more..