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Is your Credit Score >750?
We all have heard the saying, "health is wealth." That holds so true in today's age. Sadly, hectic lifestyles, erratic food habits, and an increase in pollution have contributed to a drastic rise in lifestyle diseases among Indians. Whether you're 40 or 70, falling ill and requiring extensive medical care can hit anyone.
Why should you buy health insurance?
Let's look at the top reasons why investing in a healthcare plan is an absolute must for everyone.
Medical costs are on a steep increase in India. Today, even minor surgery costs tens of thousands of rupees. A health plan takes care of all associated costs – hospitalisation expenses, ambulance charges, diagnosis tests, consultation, inpatient and outpatient treatments, surgery costs, medicines, etc. By just paying a nominal premium every year, you can protect yourself and your family from medical inflation.
An unforeseen illness in the family not only causes mental stress, but there are also financial implications to consider. Without health insurance coverage, you may end up emptying your life's savings or, worse, fall into debt to provide timely medical care for your family members.
With a cashless treatment plan, the insurer pays your medical bills directly to the hospital. This way, you don't have to worry about raising the money for treatment and focus on taking care of your loved ones.
One of the biggest advantages of a health plan is that it can cover your entire family – spouse, children, and even ageing parents under a single policy. You can rest easy knowing that the medical needs of your family are taken care of.
When should you buy health insurance?
Individuals often put off purchasing a health insurance plan, thinking that they can buy it when the need arises – preferably after hitting their 50s and 60s. This is the wrong approach. The earlier you purchase the plan, the better it is for your pocket. Premiums for health insurance plans increase with age, as the associated health risks increase. So, when you purchase a health insurance plan in your 20s or 30s, you will get a better deal.
Also, remember that most health plans come with a waiting period. You can make claims only after the completion of the waiting period. Another advantage of purchasing early is that there are no health check-ups. As you grow old, you have to undergo a comprehensive health check before becoming eligible for a health plan.
It's highly recommended that you purchase a health plan while you're fit and healthy. This way, you can claim it when the need arises and save on premiums. Make sure to do your research and choose the right health plan that best fits your family's needs.
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
There is really no number that can be established as the average credit score in India. Many people see regular
You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help
First, it is important to note that there is no ‘Defaulters List’ that is maintained or circulated by CIBIL™ or any of the other
Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify
It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding
It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding
A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.
One common worry that runs through your mind after you have made a credit card settlement is,
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.