When you start earning for your livelihood, you start thinking of savings and investment. First result after duly searching, you will get “buy a life insurance or endowment policy”. What is an endowment policy? You can read my previous post- Term insurance vs Endowment Policy Explained (No Jargon) But, before you jump in, you need to make sure you’re making ...
When you buy any vehicle either car or bike or scooty, by default, a vehicle insurance is sold to you by the dealer as it is mandatory to have vehicle insurance in India. But, no knowledge is imparted to you with respect to the insurance. It is not only you but i think, it is with everyone who does not ...
Ever wondered what happens to your money if you need to cancel your insurance policy before it matures? That’s where surrender value comes in. The IRDAI (basically the insurance rule maker in India) sets some guidelines about how much you get back depending on your policy type. Let’s break it down in a way that’s easy to understand, with a ...
Insurance policy is an important financial investment, which ensures the safety of you and your family. But, choosing the right policy and taking it at the right time is equally important. Let us know what things should be kept in mind while making a policy. 1. Need and Objective Don’t take the advice of others alone to decide. Ask yourself, ...
Youngs like you are at a very important point in their lives. When you start a job, you think of savings, families and making plans for the future. We have already discussed life insurance which is like an endowment policy offered by many insurance companies and usually LIC. Life insurance might be the first thing that comes to mind, but ...
You must have felt cheated when you have put your medical bills to your insurer. There may be many reasons like copay, deductible fee, not fully paid the amount, waiting period, not timely processing the claim, etc. You must have thought of having better health insurance with better features or affordability. But, you must have thought of a health insurance ...
It can be hard to figure out how to get health insurance in India. Demand for buying health insurance has increased many fold after the pandemic of 2020-21. But, confusion persists in picking the right plan because there are so many options, riders, and terms. Don’t worry, if you are following my blog! This complete guide will provide every aspect ...
Health insurance can feel like a complex maze, but understanding the regulations that govern it empowers you to make informed decisions. Here’s a breakdown of key IRDAI regulations, presented in detail for your benefit: Expanded Coverage Read: How to choose Health Insurance for yourself and your family Customization and Flexibility Cancellation and Refunds Grace Period and Renewals Portability and Switching ...
To secure the financial future of your family, it is essential to select the appropriate amount of term insurance. You can read my previous post – what is term insurance and understand the necessity why you need it. We will understand why It’s critical for Indian middle-class families to take term insurance and what number of variables should be taken ...
You must have heard of investment plans from your agent or offered by online insurance platforms, where you can get CRORES with just minimal investment. In the market, it is called a “Unit Linked Insurance Plan” through which you can achieve your dream of becoming a CROREPATI. But, there is a condition that you have to lock your investment for ...