Author: Pravar Jain
Life insurance myths pay out money to your designated beneficiary, which is known as a death benefit After you die, It may enable your loved ones have access to funds when they are in need. Understanding life insurance may assist you in making long-term financial plans for your family. Everyone understands the need of saving for life’s certainties, such as their children’s future education or marriage, their retirement, or the loss of future income due to the breadwinner’s death, cancer, or disability. The use of life insurance policies as a complete instrument for these life’s certainties is less well known.…
Car insurance is a contract between an insurance company and a car owner in which the automobile owner pays premiums and the insurance company covers loss or damage to the car. Car insurance is required in India, regardless of whether the car is business or personal. If you are purchasing a vehicle for the first time, selecting an insurance coverage might be difficult. Here are a few pointers to help you through the process. Continue reading to learn more. Buying a new automobile is a major step for many people. It is a vital aspect of one’s life, and it…
Life insurance recognizes the significance of protecting their loved ones’ dreams and assisting them in maximizing savings, meeting financial objectives, and taking advantage of tax breaks. Life insurance is a must-have in every individual’s portfolio, as they recognize its value in defending the dreams of their loved ones, as well as assisting them in maximizing savings, meeting financial objectives, and taking advantage of tax breaks. However, with so many alternatives available, selecting the best life insurance plan for you might be difficult. “Covid-19 has reaffirmed that life can be uncertain, and it has thus instilled the importance of life insurance…
Corporate insurance is beneficial as an additional layer of protection, the most important component in protecting you from rising medical inflation is, in fact, an individual health policy. Health emergencies are on the rise once more, and health insurance is a term that is frequently heard in these times. However, if we inquire, do you have health insurance? Counting only the corporate coverage provided by their employer, a sizable portion of the population would say yes. The statistics clearly show that the majority of people – as many as 50-60% of the working population – rely solely on their corporate…
Wealth Management: Family Health Insurance – It might be tough to find a family health insurance coverage. As a result, it is recommended that you examine a few aspects that will assist you in selecting the best plan for your family. Wealth Management: Family Health Insurance – One of a person’s top responsibilities is to protect his or her family from any financial hardship that may emerge as a result of an unexpected medical issue. A Family Health Insurance coverage may provide financial stability in the face of such unanticipated occurrences. A family Health Insurance plan is a form of…
The 30s are a good age range for a person to get insurance since you have a long enough tenure to build a substantial nest fund for the future. Because of the uncertainties in life, we are increasingly concerned about the financial stability of our loved ones. One of the first things that comes to mind when considering how to cover such demands is life insurance. “The necessity for obtaining an appropriate Insurance cover has risen amidst the current COVID-19 epidemic,” says Supriya Rathi, Wholetime Director, Anand Rathi Insurance Brokers. The under-insured Indian population, on the other hand, is bewildered.”…
The key distinction is that home loan insurance protects property, while term insurance protects a person’s life. So, your house loan has finally been released, and you can finally call yourself a homeowner. This is, without a doubt, one of the most treasured and costly expenditures you will make in your life. But have you ever considered the probability of anything occurring to you before you pay off your whole mortgage? Your responsibilities will be transferred to your family members, putting them in financial jeopardy. While there are several factors to consider when purchasing a property, we often overlook critical…
Mandatory for car insurance owner with a valid license must have personal insurance coverage for their own safety and security. The Insurance Regulatory and Development Authority of India (IRDA) has stated that they would begin revealing the details of vehicle insurance policyholders’ personal accident (PA) protection from January 1, 2019. The purpose for this is to minimize the total cost of vehicle ownership, since before, the IRDA raised the mandatory personal accident coverage amount from Rs 1 lakh to Rs 15 lakh, resulting in an increase in auto insurance premiums prices. According to the IRDA rule, you may now purchase…
In India, there are several sorts of health insurance coverage. You must get the greatest health insurance coverage for yourself and your family so that you may relax while paying for high-priced medical expenditures. Ill health impacts not just your physical health but also your financial stability. Based on NSSO surveys, a Brookings India research comparing data from 2004 to 2014 revealed that healthcare costs were pushing nearly 7% of India’s population into poverty every year[1]. Such numbers highlight the need of health insurance. A solid health insurance plan may help to guarantee that long-term treatment does not put a…
Health insurance premiums with deductibles and multi-year premium reductions may help to mitigate the effect of the price rise, but coverage will be limited. Your health insurance rates may begin to rise in the coming days. Experts claim that group health insurance plans, which are issued by businesses to their workers and families, have already increased in April, when many such contracts come up for renewal. Employer-sponsored medical benefit expenses in India are predicted to rise by 15% in 2022, according to a Marsh-Mercer benefits study. Soon, it might be your individual policy premiums’ turn, as insurers grappling with the…