Insurance

Insurance companies in India offer multiple car insurance plans that cater to the particular needs of the buyers. But selecting the right policy can be challenging. In India, insurance companies have various plans with varied attributes.

The life insurance corporation (LIC) is India’s largest IPO. It had filed the DRHP with SEBI on February 13, 2022. According to the company’s LIC IPO DRHP, 10 percent of the shares of the company will be reserved for the LIC policyholders.

Medical Emergencies always take us by surprise so it is always better to be safe than sorry and it is no different when it comes to Health Insurance.

Insurance behemoth Life Insurance Corporation (LIC) is likely to come out with its initial public offering (IPO) in March. Its draft red herring prospectus (DRHP) does not specify the size, but the central government is most likely to offload 31.6 crore shares or 5 percent of its stake in the company.

The final stage of insurance is claim settlement. It is the stage at which the beneficiary gets the assured sum or the maturity amount. But, sometimes, the insurance claim gets turned down, and it is very frustrating when this happens.

With life and situations becoming unpredictable, it is important to have a financial cover for your family in the event of your sudden death. The pandemic has made people realize the importance of this, and more and more people are insuring their lives. But, it can be frustrating when the claim to life insurance is not accepted by the insurer. Read on to find out some of the central aspects that you must follow to avoid life insurance claim rejection.

Rising healthcare costs are a major concern for everyone. With the massive increase in lifestyle-related diseases, hospitalizations seem to be inevitable for everyone. The increasing healthcare costs, weakened immunity and the vulnerability of elderly parents to their medical conditions can have a financial and emotional effect on the whole family.

Insurance is an ever-changing sector. Rapid advancements in science & technology and constant upgrades to insurance rules and regulations lead to new policies and regulations in life, health and motor insurance policies.

A life insurance policy is an important financial decision for you and your family. More and more people are realizing the need for a life insurance policy. A life insurance policy serves as a great support to your family in case of your unfortunate death

Covid-19 has killed millions across the world and in India as well. For some, they have been lucky to survive the deadly infection, however, the nightmare for many is not over yet. There have been many reports of post-covid complications, including the deadly fungal infections that have followed the aftermath of the virus’s impact.

The Insurance Regulatory and Development Authority of India (IRDAI) mandated all insurance companies to offer the Aarogya Sanjeevani Policy starting April 2020.

Everyone knows that a life insurance policy is a must, but not many are sure which is the right plan to purchase.

Our homes are our most precious asset. So, it makes sense to protect our home from any calamities. This is where home insurance comes into play. While home insurance is a broad term, there are several subcategories under it.

Many people go by the one health insurance plan for all medical requirements. However, this may not be a great idea. To ensure complete protection, one must have a critical illness cover for life-threatening illnesses. This is because regular health insurance plans do not cover major ailments. These health plans are often indemnity-based; hence, you have to claim each hospitalization to avail benefits.

Every parent wishes to gather a certain amount of corpus for safeguarding their child’s future. Be it education, marriage, or for various career needs, early financial planning can go a long way in ensuring that the required amount of money is available for your child at various stages in life.

Term insurance is the simplest and most basic life insurance plan. It focuses on offering the nominee the sum assured in case of the policyholder’s death. To be eligible for the death benefits offered under the plan, the policyholder has to pay the premiums on time. 

The need for health insurance is more relevant than ever before. There’s a huge increase in the prevalence of lifestyle diseases and not to underestimate the associated medical costs. Rising medical costs can burn a hole in anyone’s pocket if not for health insurance.

A major illness could have a devastating impact on the patient and his/her family. It often translates into significant medical expenses and may leave the family struggling with daily finances.

Life insurance policies are essentially meant to cover the risk of early death. These act as financial support or income replacement tools. Despite this, one could face various uncertain and sudden risks in life and in such situations, even a term insurance plan could be of limited use.

Vaid, a software engineer, the only breadwinner of his family met with an accident on his way back home from office. He suffered multiple injuries and lost his ability to walk in the accident.

An insurance claim is a challenging process for many as it involves dealing with the grief of the loss of a loved one or a medical emergency, as well as going through the hassle of umpteen paperwork which has to be submitted physically.