A home insurance covers losses arising out of such natural or man-made calamities, to the structure, or to the contents of your home. For a small amount of premium, it offers protection against the financial losses to your home or to your precious belongings.
Other proposals include grading of hospitals, expanding network.
And here's how to avoid rejection of your insurance claim
After winning the turf war with market watchdog Sebi on ULIPs, insurance regulator Irda on Monday said it would frame new guidelines for these products to make them more attractive for policy holders.
'Unless it becomes really a big epidemic in India where a huge number of people are getting sick and lakhs of people dying, I do not see a major impact on the insurance sector.'
Though they come at a cost, buying them with the insurance policy can make a lot of sense.
Term life insurance policies are also called 'pure-risk policies' and 'pure life policies'; they have no savings or investment element in them; the premium includes only the cost of buying the life cover. Here are 6 term insurance policies compared on 5 parameters for you to choose from.
Students should remember that health insurance coverage is a vital component of the international study experience.
It is the actual cost of insurance by the life insurance company. It is usually deducted with other charges in the policy, before investing your money.
A travel policy is not enough as most domestic ones do not provide health cover. On the other hand, only overseas travel plans cover hospitalisation, apart from travel-related risks.
Proper documentation can help take half the pain out of filing your income tax return, says Amar Pandit.
Term insurance policy provides a stated benefit only upon the holder's death, provided the death occurs within the policy period. There will be no stated benefits if the policy holder outlives the policy period.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'A 25 year old buying a high-value policy now will be well covered even in his 40s.'
More than nine million policies with a combined risk cover of over Rs 1,00,000 crore lapsed in 2008-09, reveals the Insurance Regulatory and Development Authority (Irda).
In a fresh fatwa, Islamic seminary Darul Uloom Deboand has said that Islam does not permit celebrating birthdays. Responding to a query posed by a woman, the country's biggest Islamic seminary observed that the tradition to celebrate birthdays was started by the Jews and Christians, but Islam does not permit this practice. The Darul Uloom Deoband has in recent days issued edicts declaring that working in banks and opting for an insurance policy were against Islam.
Have a query regarding health insurance or mediclaim policy? Maybe we can help. Drop us a line and our expert, Harsh Roongta, CEO of Apnapaisa.com, will answer it.
Staying healthy is good news for the insurance company as well since it implies lower claims. Insurance companies offer discounts anywhere between 8 And 30 per cent discount on premium.
Knowing the inclusions and exclusions of the insurance plan tells the coverage limit of your plan.
Teena Jain Kaushal examines why you need to get personal accident policy, now.
The Direct Tax Code recently been proposed by the Government of India, will bring about a change in the whole taxation system of the country. But how will it impact tax savers?
Corporate Affairs Minister Salman Khurshid on Wednesday downplayed fears that investors would lose confidence due to the row between SEBI and IRDA over market-linked insurance policies, as the issue will be resolved in favour of either one regulator or the other by the courts.
Have a query regarding health insurance or mediclaim policy? Maybe we can help. Drop us a line and our expert, Harsh Roongta, CEO of Apnapaisa.com, will answer it.
One can no longer get these facilities at high-end hospitals in Delhi, National Capital Region and in Mumbai, Bengaluru and Chennai.
At a time when central banks around the world are getting empowered to deal with a range of market- and growth-related challenges, it is disturbing to see the government of India use the subterfuge of a weekend ordinance to diminish the status of the Reserve Bank of India (RBI).
The government has made its flagship crop insurance schemes voluntary for farmers with existing crop loans or those willing to take new ones, as it seeks to address the concerns raised by farmers' body and states in implementation of these programmes. "The Union Cabinet has approved the revamping of 'Pradhan Mantri Fasal Bima Yojana (PMFBY)' and 'Restructured Weather Based Crop Insurance Scheme (RWBCIS)' to address the existing challenges in implementation of crop insurance schemes," an official statement said.
Anil Rego shares six tips to help you bring down your cost of owning an insurance policy
As the advertising onslaught grows in the tax season it is important to understand what ULIPs really are. InvestmentYogi presents a quick guide to understanding ULIPs.
Finance ministry asks Irda to make this and other changes while clearing these products.
It's best to stick with a term plan and invest the balance in a low-cost investment.
ICICI Lombard General Insurance on Thursday said it has started offering zero depreciation add-on cover and consumable items add-on cover for motor insurance products.
Draft report wants commissions phased out by 2011.
Sanjay Kumar Singh tells you what to watch out for when buying insurance and investing in MFs online.
Any insurance policy cannot be treated as a 'buy and hold' strategy like one may want to do with their investments.
If an insured dies, the nominee will get the money but kin or creditors can stake a claim. Here are ways to prevent this.
Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities.
Income from distribution of third-party products such as insurance policies and mutual fund schemes is already under pressure because of the unfavourable economic climate.
Apollo DKV's Maxima and ICICI Lombard's Health Advantage Plus come at a fixed annual premium of Rs 13,000 and Rs 15,000, respectively. Unlike other medical insurance policies -- which require a minimum 24-hour hospitalisation -- the sum assured is linked to the age of the policyholder.
Third party claims are adjudicated by the constituted tribunals.
Once the child is 90 days old, parents must add her to the family health floater cover, suggests Sanjay Kumar Singh.
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