Insurance

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.

Securing a child’s future is the topmost priority of every parent. However, this is not an easy task as most people focus on building a strong financial cushion to safeguard their child while struggling to have enough funds when needed.

Life insurance is a must in today’s world not just for you but your entire family. We can never know what life has in store for us, and if life throws a curveball at us, we need a Plan B to take care of our family, when we are no longer around.

The insurance industry has always experienced a change in some form or the other. While the industry is very dynamic, because of the constant changes in trends and consumer demands, the level of shift brought about by Covid-19 is unimaginable.

As the world continues to battle against the COVID-19 pandemic and the uncertainty that surrounds it, concerns are arising around mitigating the adverse impact of the virus. In light of this situation, India, with its 1.38 billion people, sees a major problem of a vague financial future.

The Supreme Court in India along with the Insurance Regulatory and Development Authority of India (IRDAI) laid out fresh norms related to long-term car insurance. As a result, a few of the general insurance companies came up with long-term car insurance policies.

Buying car insurance for the first time could be a challenging situation for many car owners, considering the vast number of insurance products offered by numerous insurance providers.

Unemployment has been a major problem in India for many decades. It has even snowballed into other socio-economic issues like a spike in crime rates and the rate of suicide. According to recent reports, nearly 31 million people across India are unemployed.