Insurance

Review-Your-Life-Insurance-Policy.

When Should You Review Your Life Insurance Policy?

Buying life insurance gives you peace of mind. Knowing that your family will be financially protected if something unfortunate happened to you. But your policy isn’t a “set it and forget it” product. It’s not something you are thinking about on a regular basis, so it can be easy to forget. Out of sight, out of mind, right? After purchasing a life insurance policy, it should be reviewed every few years and especially after any major life-changing events. Just as [...]

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best-Term-Insurance-Plan-in-India-

How to choose the best Term Insurance Plan in India

Life is full of uncertain events which come all of a sudden. In such uncertainties, a life insurance or Term Insurance plan can act as a cushion for your family’s financial security. Such a plan will act as the income replacement for your family members. However, when it comes to making the final decision of purchasing a term plan; Most of the people often confused about what amount of life cover to opt? Which Insurer to choose? and what plans [...]

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health-insurance-premium

How to save tax on health insurance premium

The initial phase of financial planning is to ensure that one has satisfactory medical coverage. Every individual must get sufficient health insurance coverage for self and family even before starting to save for his objectives. In addition, the premium paid for Health Insurance coverage likewise gives a tax benefit. It will decrease your taxable salary and along these lines your tax liability. Here are four things to consider about how to save tax on Health Insurance Premium for Fiscal Year [...]

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student-travel-insurance

Buying student travel insurance in India is more cost-effective

If you are a student, want to study abroad and looking forward to a great career ahead. Then you are in the right place. Securing admission in abroad isn’t simple, nor is it simply getting ready for it. As the travel dates come near, one thing you have to plan for is the vulnerabilities related to travel and life abroad. We will tell you some important facts about buying student travel insurance in India is more cost-effective. Protect your Health: This [...]

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Sub-limits in a health insurance policy and their importance

Sub-limits in a health insurance policy and their importance

Buying a health insurance may be easy but selecting a plan that meets your needs is not that easy. There are various features such as day care procedures, waiting period, co-payment, deductibles and cashless cover that form the basis on which you can compare health insurance plans. However, one of the major key deciding factors is the sub-limit. A sub-limit is an extra limit in an insurance policy’s coverage of certain losses. These losses are a part of the original [...]

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6 Things do not cover by your Health Insurance Policy

6 Things do not cover by your Health Insurance Policy

When we buy Health Insurance, sometimes it becomes difficult for us to understand the complex terms and conditions of the policy. Despite increasing awareness about sub-limits, pre-existing diseases, and other exclusions, the policies claim denial or reduced payouts continue to shock. To ensure uniformity, the IRDAI (Insurance Regulatory and Development Authority of India) has set up a committee to suggest measures to standardize exclusions. In 2012, the regulator listed 199 items, indicating their admissibility or otherwise. The recent move [...]

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Best tips to Save Money on your General Insurance Premium

Best tips to Save Money on your General Insurance Premium

When we talk about General Insurance, it’s all about the Insurance products such as Health Insurance, Motor Insurance, Travel Insurance and Personal Accident Insurance etc. The domain of Insurance coverage is divided into two categories – Life Insurance and General Insurance. Life Insurance products don’t come under General Insurance. There is a short-term period contract between the insurer and the insurance company for all General Insurance products. For which the Insurer has to pay an amount as a premium [...]

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Understand traditional and non-traditional Life Insurance investment plans

Understand traditional and non-traditional Life Insurance investment plans

Traditional insurance policies are of two types — participating and non-participating. Participating policies: Before starting investment, a smart investor needs to understand the pros and cons of the plan therefore traditional & Non-traditional Life Insurance Plans come with their pros and cons. Traditional policies are a low-risk investment product. These policies mostly invested in bonds. In the Traditional plan, customers get a guarantee (Partial or complete) on the cash flow, they receive over the time-period of the policy. A participating policy enables [...]

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Know your duties as a policyholder, while you buy an Insurance Policy

Know your duties as a policyholder, while you buy an Insurance Policy

An insurance cover is often not as simple as it sounds. With the growth of the internet, there is a variety of insurance coverage available to compare in the market. They offer different types of offers and discounts. And because of these lucrative offers sometimes we miss out some of the important aspects of what we are buying. The Insurance Regulatory and Development Authority ( IRDA) has also laid down some attributes of a smart policyholder. At the time of buying [...]

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6 steps towards your financial freedom

6 steps towards your financial freedom

Our 72nd Independence Day is now behind us! It has been nearly three-quarters of a century since our country has been free from the British Empire. We are free to live our lives the way we want to, within the confines of legal jurisdictions, of course. We can make our own decisions and choose our own paths. We are also free to use the resources of our country for our own good. Yes, Independence Day is a day we [...]

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