Cover the spouse under the same policy. A joint life plan offers assurance that one will continue to receive the same financial care in case of an unforeseen loss of a partner, advises Pankaj Razdan.
Don't go for family floater plans; though convenient they cost you more.
Without them your financial security is at a huge risk...
Join us for an online chat with health insurance expert Anil Rego between 2 pm and 3 pm on Wednesday, October 7.
For the vehicle-owner, the overall cost of buying a car can go up by 2% to 3$%. For two-wheelers, the cost can rise by 1% to 1.5%
Buying a health insurance policy doesn't mean that you start getting cover from day one of the policy, says Harjot Singh Narula.
The new draft guidelines issued by IRDAI proposes a minimum sum assured of Rs 50,000 and a maximum of Rs 5 lakh. A General Insurance Council official said the guidelines were still being worked on and would only be finalised next week.
While buying a policy a customer should make sure s/he reads the terms and conditions very well. That is important because whatever is in the policy determines what the company is liable to cover.
Section 45 in the new Bill says no claim can be repudiated after three years of the policy being in force, even if a fraud is detected, has sent life insurers into a tizzy.
Here are four things to keep in mind after buying life insurance
Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director's and officer's liability business.
Akshay Kumar looks cool in that trippy get-up and adds his charisma to the film that is otherwise a lot of verbiage, observes Deepa Gahlot.
If you quit or change jobs in your 40s, buying an individual term plan will be expensive. You might not even get one if you have health problems, says Priya Nair
A plea has been filed in the Supreme Court seeking investigation under the supervision of a sitting apex court judge against the Adani group of companies in light of the allegations made by the US-based Hindenburg Research.
The proposal for listing public general insurers had come up in 2007.
You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia
If you are a frequent traveller, then you should opt for a multi-trip travel plan because it works out to be cheaper.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
While buying a term plan, do check how much money will be paid in lumpsum and how much of the money will come to the surviving family as a regular payout, suggests Sarbajeet K Sen.
Harjot Singh Narula lists five checkpoints to help you find the best health insurance plan
Hurdles such as approvals for repair and fixed rates can make the process time-consuming.
Insurers cover the house on market value, and not on construction cost. They also don't insist on bills when giving the policy
Insurance expert Harsh Roongta on all you MUST know about health insurance policies.
In addition to hospitalisation charges, it will cover expenses like transfer to hospital in of an accident.
'It is difficult to write business internationally, without an 'A-' rating. It becomes more expensive.'
With rise in medical costs surpassing general inflation, getting a treatment/surgery or illness treated in a hospital requires an enormous financial surplus or an alternative financial arrangement. Harjot Singh Narula offers simple tips to reduce these costs
Did you know that your home insurance covers valuables in bank locker?
Although the company has shown willingness to talk to its workers and accept their key demands, it is CITU that is causing a roadblock to a solution.
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.
It is ideal to purchase life insurance as soon as you become financially independent.
The share of Life Insurance Corporation of India (LIC) in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent in September 2023 from 68.25 per cent in September 2022 -- a drop of 975 basis points -- owing to shortcomings in the product and distribution side of business. However, the market share saw a marginal uptick from the 57.37 per cent recorded in August this year. According to the monthly business data released for September 2023 by the Life Insurance Council, the NBP of LIC up to September 2023 stood at Rs 92,462.62 crore as compared to about Rs 1.25 trillion in the same period a year ago.
The Bharatiya Janata Party (BJP) on Sunday pledged to make 30 million 'Lakhpati Didis', up from the 10 million rural women who have already achieved the feat. Prime Minister Narendra Modi on Sunday released the BJP's manifesto for the upcoming Lok Sabha elections. The manifesto says the ruling party will continue the quarterly financial disbursements under the Pradhan Mantri Kisan Samman Nidhi (PM KISAN) yojana.
'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.
Choose a higher sum insured if you are going on a long trip, and if your age is above 45.
If an insured dies, the nominee will get the money but kin or creditors can stake a claim. Here are ways to prevent this.
Here's to being a responsible insurance buyer
'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.
As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
According to insurers, the premium is quite low, claims are very high.
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.
