Insurance

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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How you can stop your investment from slipping into insurance unclaimed funds

How you can stop your investment from slipping into insurance unclaimed funds

Recently, PTI reported that as much as Rs 15,167 crore of policyholders’ money was lying unclaimed with 23 life insurers as on March 31, 2018. Out of this, Life Insurance Corporation (LIC) has Rs 10,509 crore as unclaimed funds, while the remaining Rs 4,657.45 crore is with the 22 private sector insurers. Key reasons for rising unclaimed amount with these insurance companies 1. Failure in filing claims The biggest reason for a large number of unclaimed funds lying with the insurer is [...]

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10 reasons that can reject your life insurance claim

10 reasons that can reject your life insurance claim

Life insurance is the best way to secure your loved ones financially in case of an emergency or uncertainties. But sometimes common mistakes on your part can lead to rejection of your insurance claim. It is good that you choose insurance plans that benefit in the time of need. But it is equally important to know what instances can leave space for the rejection of the insurance claim. Therefore, before selecting the Insurance policy, you should go through these [...]

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5 ways to invest your money when you got an appraisal

5 ways to invest your money when you got an appraisal

Many companies have finished their annual employee appraisal process. Based upon your overall performance, the company give you a hike in your annual income. You must use this additional money in a good manner. Don’t let your money sit idle in your bank account or waste in other expenses. If the money is invested in a good way, it can give you good returns and help to secure your future financially. So as a wise investor, you would not [...]

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Have You just got Married? Here’s How to Secure Your Future

Have You just got Married? Here’s How to Secure Your Future

Have you just got Married? Here’s how to secure your future by planning & investing through PTIC INDIA – Financial Planner in Delhi. So you are about to tie the knot with your loved one or just married? Congrats! You are heading to the whole new life with shared dreams and aspirations. Along with planning a wedding, you are planning your new life together when you marry. It also includes taking big and new responsibilities about your finances for one another. [...]

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