Imagine a world where your family has to survive without you. Done? We can bet a dollar to a dime, the moment you imagined this, all you could think of was how would they survive emotionally and financially. What would their future look like without you in it? Well, though tactless, we could say, that had you had a term insurance in place to financially replace you, the palpitations would have been a bit lower. You would know that despite being emotionally distraught over your absence, they would at least be financially protected. Now, when we single out term insurance plans as being a solid ..read more

Maternity health insurance plans are plans that cover maternity costs or costs associated with childbirth. This means insurance companies will pay for childbirth expenses, treatment costs linked to newborns and any additional expenses (like vaccinations) that you may incur during your stay at the hospital. However, despite the high demand, not all providers offer maternity coverage. They fear frequent and substantial payouts as most policyholders would likely use it. So they generally exclude the benefit. As a consequence, health insurers that do extend maternity coverage do so after introdu ..read more

Being your boss, being an entrepreneur, or building a business empire - all sound incredibly enticing, provided you are ready for the financial ups and downs that come with the territory. Your finances are at the mercy of market fluctuations and losses are as easy to come by, as are profits. Under such circumstances, one of the primary things that you want to ensure is the financial safety and security of your loved ones and term insurance plans can be a great step, especially in the case of your unfortunate absence. However, term insurance companies are usually hesitant to extend plans to se ..read more

Quicktake: If your health insurance claim is denied, you can Write to the insurance company or your agent demanding a written explanation of why the claim was rejected. If you are not satisfied with the reasons provided, you can write to the grievance cell of the insurance company. You can find the email addresses of the grievance cells of different insurers here. If you don’t receive a response in 30 days, or you remain unsatisfied with the resolution, you can approach the Insurance Ombudsman by visiting this website and filing a complaint online with the Ombudsman office in your area. The ..read more

Purchasing a home is a milestone for sure but in no manner a pocket-friendly feat. So, naturally, people rely on home loans that come with EMIs attached. But, what if the borrower passes away during the tenure of this loan? Without the bread-earner of the family, how do the loved ones manage the installments? Well, there are 2 ways to bridge this financial gap - Opt for a term plan that covers your home loan or Get strong-armed into a home loan protector plan from your lender. While you do have 2 options, given a choice, if you are looking for a protection plan that has flexibility, additio ..read more

Critical illnesses can strain both your health and finances. Ideally, you need access to top-tier healthcare services and a reliable funding source, especially given the costly treatments. This is where critical illness health insurance plans come into play, offering a unique advantage. Suppose you're diagnosed with a critical illness. In that case, your insurer disburses a lump sum, which you can use for treatment, meeting other financial liabilities, or simply setting the amount aside for future family requirements. However, the sum insured shouldn't be your sole criterion when selecting a ..read more

Term insurance plans act as financial replacements in the case of your unfortunate demise. However, determining the tenure of this plan is a crucial consideration since the payouts will only be made during this time. The simplest way to think about this is to ask yourself– how long will your dependents stay financially “dependent” on your income? If you believe they will stay dependent until you turn 60, then you will need a term plan that covers you till 60. If the answer is 70, then the tenure changes accordingly. In other words, while availing of a term plan that covers you till 99 years o ..read more

As much as you plan your life ahead, uncertainties are a constant. In the event of an unfortunate situation, you will always want to stay 1-step ahead. Term insurance plans become effective under such circumstances as they serve as a financial replacement in your absence. While typically marketed for family breadwinners, term insurance is crucial for homemakers too since their Human Life Value (HLV) takes into consideration their contribution towards holding the family steady, aiding in child support (educationally, mentally, and physically), and more. However, since this is a term insurance ..read more

Introduction: When you purchase a term insurance plan, you are promised a corpus that will serve as your financial replacement in case of an unfortunate incident that leads to your absence. Since a term plan offers substantial coverage, you need a policy and a term insurer that are credible. So, when you plan to purchase a term insurance plan, there are some criteria that you need to factor in to make sure you have the best plan in the market for you and your family. What are the factors to consider while buying term insurance? 1. Determine Your Coverage Needs The term insurance coverage, dur ..read more

Introduction: Say you purchase a term insurance plan. Your primary objective in this case is to invest in a financial instrument that would replace you in the case of your unfortunate absence, right? Would you really want an error in any aspect of this policy that would/could significantly hamper the financial security of your family? The best way to avoid any such pitfalls would be to get up and close with the issues and their respective solutions. Common Term Insurance Mistakes and Remedies MISTAKES THE REMEDY Miscalculating Your Coverage Use a free term insurance cover calculator to ..read more