It is ideal to purchase life insurance as soon as you become financially independent.
'Try to buy a policy with a lower sum assured or one with a deductible.' 'Those whose spouses work for companies must get themselves enrolled into the employer's group health cover.' 'Some public sector banks also offer group health covers to those who open a savings account with them.'
'When buying a term insurance plan, you need to visualise today what could happen to your family tomorrow in your absence,' suggests Mahavir Chopra, director-health, Coverfox.com.
The Nepal earthquake has driven home the importance of home insurance. What are the factors you need to keep in mind before insuring your property? Indrani Roy offers a checklist.
'The banks cannot pass on the hike in premiums to its customers, according to the norms. The premium won't go up substantially in any case and may be hiked to 12-13 paise (per deposit of Rs 100 a year),' Finance Secretary Rajiv Kumar said.
Expanding investigation into allegedly wrongful claims of input tax credit by insurance companies, the tax authorities are probing a section of automobile dealers who have supposedly generated fake invoices without providing any service, which is a punishable offence under goods and services tax (GST) law. The authorities are learnt to have questioned the car dealers to explain the services they provided general insurance companies. The investigators suspect car dealers pitched for insurance schemes that give them commissions in excess of those insurance regulations permit.
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
Here's to being a responsible insurance buyer
If an insured dies, the nominee will get the money but kin or creditors can stake a claim. Here are ways to prevent this.
Given the high cost of treating cancer and the reasonable premium rates at which these plans are available, one should opt for a cover at the earliest.
According to insurers, the premium is quite low, claims are very high.
According to a report in the Sydney Morning Herald, Starc, who didn't figure in any game for KKR last year after getting injured in the Test series against South Africa, has filed a lawsuit in the Victorian County Court last week against the insurers of his lucrative IPL deal.
While insurance companies are yet to finalise the premiums, there are chances that group health premiums could see an increase.
Read on to learn how it can benefit you.
Advait Rao Palepu reports how a recent Supreme Court order will impact motor vehicles insurance policies.
The New Delhi District Consumer Disputes Redressal Forum said the insurance firm's conduct was 'unlawful' and a 'breach of contract' and added that Reliance General Insurance had "knowingly" dragged the complainant to litigation.
Cost of health care is rising at a fast clip.
A customer can also appoint a surveyor on his own expense
Naval Goel explains all that you wanted to know about life insurance but didn't know who to ask
Installing some safety features is one of the steps that you can take which will work well towards lowering your car premium, says Naval Goel
Priya Nair finds out how investors of mutual funds, shares, unclaimed bank deposits, insurance policies can redeem long-forgotten investments.
Compared to a third party insurance buying comprehensive insurance makes more sense, says Neeraj Gupta
The GST to be implemented from April 1, 2016, will increase the premiums.
You will lose out on discounts and have to pay a higher premium.
With terror attack claims likely to wipe out over 70 per cent of the Rs 700-crore (Rs 7 billion) terror pool, insurers are expected to chip in with additional funds to replenish the corpus and raise the premium paid for terrorism insurance.
Average monthly GST collection rose from Rs 90,000 crore during the first year of its implementation -- 2017-2018 -- to Rs 1.68 trillion during 2023-2024, representing an 87 per cent rise.
Staying healthy can reduce your next premium. Through wellness programmes, policyholders can get discounts ranging from 8 per cent to 30 per cent.
Many of us commit these generic mistakes which can turn our insurance buying decision futile, says Shikha Verma
Follow these steps diligently to ensure that there isn't any hardship when your parents fall ill
Here are some major benefits that come along with a child insurance plan
In an online chat with Get Ahead readers on october 29, Ashish Vohra, Senior Director and Chief Distribution Officer with Max Life Insurance answered queries on life insurance.
Health insurers incorporate conditions like Waiting Period in their offerings to prevent customers from taking undue advantage of a service that is essential.
It is important to know the right details about your insurance policies while avoiding these mistakes, says Harjot Singh Narula.
If you can manage to avoid them, you are sure to end up with a right health plan that ensures a fast, hassle-free claim settlement while minimising out of pocket expenses.
Losses to be well below Rs 100 crore, say insurers.
With at least three IPOs in the offing this year, stock market investors have a lot to look forward to.
Research well all the ifs and buts carefully before accepting such policies.
Naval Goel explains the key points that will help you buy the most appropriate travel insurance plan and leave your worries behind when you travel with family and friends.
Is the cost of medical cover too high? Opt for co-payments or deductible plans. Here's more on when they work the best.
