Most customers still don't understand this concept and are unable to benefit from it.
It is your duty to be responsible to your health and start saving and investing early in a suitable health insurance, says Naval Goel
Mukesh Kumar, Executive Director, HDFC ERGO General Insurance Company Limited, talks about the many benefits of buying one
There are a number of steps taken that will leave more money in the hands of the taxpayers.
These include the reduction in tax rates under the new tax regime, increase in standard deduction, allowing tax collected at source to be adjusted against tax deducted at source from salaries, notes Harsh Roongta.
Section 45, which says no claim can be rejected after three years of a policy being in force, remains a bone of contention
The Workmen's Compensation Act provides for insurance and compensation that an employer has to give to employees in case of an injury or death.
Private players continued to show strong momentum in the life insurance individual new business segment during August, 2023. On an aggregate, the industry registered 14 per cent growth year-on-year (Y-o-Y) compared to 15 per cent in July '23. Private players were up 21 per cent Y-o-Y, up from 16 per cent Y-o-Y in July '23, while public insurers' growth was muted at 3 per cent.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health insurance related queries.
Raise the amount of life cover you own if your liabilities and responsibilities have increased during the year, says Arvind A Rao.
Ashish Mehrotra, MD and CEO, Max Bupa Health Insurance, explains the changes we can expect in health insurance this year.
'Expect India to keep doing well irrespective of geopolitics.'
Cost of health care is rising at a fast clip.
The first and most important check you must run is to see if you have adequate life cover.
In its master circular on general insurance products, which takes immediate effect, Irdai specified, 'The customer may be required to submit only those documents directly related to claim settlement.'
Of the 15 life insurance companies, just 10 make their portfolios available on their websites
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
There is huge potential for data analytics insurance sector in India which has over 40 crore life insurance policies.
While insurance companies are yet to finalise the premiums, there are chances that group health premiums could see an increase.
We are sure you will agree with these reasons!
Here's a quick checklist so that you make a wise decision
Staying healthy can reduce your next premium. Through wellness programmes, policyholders can get discounts ranging from 8 per cent to 30 per cent.
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.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
Indian kiranas are agile enough to face the q-com challenge, but it's going to be a tough fight, notes Ambi Parameswaran.
Cricket Australia was just 10 balls away from potentially saving itself more than Australian 1 million in refunds.
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
Experts suggest that it's best to go for the bundled product that has only one-year own damage cover.
'A policy that covers a wider range of diseases will offer greater peace of mind.'
To avoid a claim rejection for chronic diseases, ensure proper medical records, experts tell Tinesh Bhasin
Advisors and agents known to you personally can also sell wrong policies.
Life insurance companies assert that the blockchain being created has strict protocols to leave no room for manipulation and exploitation, or unauthorised use of customer data and personal information.
One can't run away from death so this is the time that YOU must create your own death file. P V Subramanyam explains what you must know about this most essential financial tool.
Irdai on Friday extended the 'use and file' procedure for the most of the life insurance products, thereby allowing insurers to launch new products without prior approval of the regulator. This comes days after Insurance Regulatory and Development Authority of India (Irdai) extending similar relaxations to health insurance products as well as general insurance covers. In a press release, Irdai said that in its continuous endeavour towards the reform agenda taken up towards having a fully insured India, it has extended the 'use and file' procedure for most of the life insurance products.
Don't solely focus on tax-saving alone.
Hurdles such as approvals for repair and fixed rates can make the process time-consuming.
To add to the worry of the insurers, non-Covid claims, which were muted in the initial months of the pandemic, have also picked up pace and are more or less at pre-Covid levels.
