Health Insurance: Importance & Need

Monday, August 13th, 2018 Amritesh no responses

“Health is our greatest Asset”, every individual should follow a healthy diet in order to keep oneself fit. As unhealthy lifestyle leads to health ailments which not only restricts normal life but also leads to financial drain. It very important to stay as fit as possible and be disciplined in life. Individuals should also ensure that they have adequate financial cover in case of any eventuality. Thus, Health Insurance is a necessity with the rising treatment costs coupled with inflationary pressure & post treatment expenses. Moreover, Medical expenses is on the higher side in India whereas, Public Expenditure is still on the lower side when compared to other nation. Union Budget 2018, Centre announced new initiatives under the Ayushman Bharat…

Personal Accident Insurance

Friday, August 10th, 2018 Amritesh no responses

“Life is Uncertain”, one may not be able to anticipate any eventuality which may arise in the future, but can always prepare him/her self against any such scenario. Thereby, planning for the future is very important, especially “Financial Planning” as it would ensure that our future goals and obligations do not suffer due to our own shortcomings. Personal Accident Insurance plan is one such financial cover which is often ignored while chalking out a “Financial Plan”. More so, as no Tax Benefit is available on premium paid for these plans, Individuals tend to neglect such insurance cover. Life Insurance and Health Insurance coverage is very important for any Individual, but very few of us are aware about Personal Accident Cover.…

Critical Factors You Need to Know Before Opting For An Insurance Plan

Thursday, August 10th, 2017 Amritesh 3 responses

Individuals are spoilt for choice while opting for an Insurance Policy. We have many Insurers offering many Insurance plans with varied benefits and features. Many Insurers are offering policies at a very low premium to lure potential insurance buyers. Most often buyers get attracted to cheaper insurance plans ignoring various other factors that one should keep in mind while opting for an Insurance plan. Individuals should always keep an eye on the past record of the Insurer before opting for an Insurance Plan. One of the most important factors that one should keep in mind while buying an Insurance Plan is the credibility of the Insurer. There are various other factors that one should keep in mind while opting for…

Life Insurance: Need And Types Of Policies

Friday, July 14th, 2017 Amritesh 2 responses

Insurance is financial instrument which provides cover against any possible eventuality which may occur in the future. It is an undertaking between the insuring company/insurer and the insured/policyholder to provide guaranteed compensation in case of death, illness, accident, loss or any other type of coverage stated in the policy/Insurance agreement. The insurer charges a certain sum as premium for the cover provided. The premium needs to be paid periodically for the continuation of the policy/insurance agreement for the tenure agreed upon. The Insurance agreement includes all the minute details regarding the terms and condition of the policy, coverage and benefits provided, tenure and the premium required to be paid for the same. Need For Insurance Policy Life Insurance is very…

Cashless, Critical Illness, Accident Insurance: Choice Of Health Insurance Plans For You

Thursday, May 11th, 2017 Amritesh no responses

Individuals contemplating to buy a Health Insurance must be confused as to which Policy they should avail for themselves and their dependents. The Insurance companies basically offer three types of Health Insurance Plans namely Critical Illness, Mediclaim or Cashless Insurance and Accident Insurance. These Health Insurance plans are designed to provide financial coverage in case of any health related issue arises. Health Insurance Plans is governed by the Insurance Regulatory Authority (IRDAI).   However all the three forms of Insurance provide Health cover but are distinctly different from each other. I have covered the above mentioned Health Insurance plans on my blog previously, the links for the same has been provided below.   Accident Insurance Policy   Critical Illness Insurance…

Critical Illness Insurance

Friday, April 28th, 2017 Amritesh no responses

Critical Illness Insurance is a Health Insurance which covers your medical and hospitalization expenses to be incurred by providing a lumpsum amount in case of detection of any critical illness (covered in the insurance) based on the Illness and Insurance coverage. The Insurance Company examines the medical documents and history of an individual and after ascertaining the expenses related to the treatment provides a lumpsum to the individual to the extent of sum assured. These Insurance policies are offered mainly by Private Sector Companies. The terms and conditions of the policies varies from company to company and atleast 10-20 illness/disease are covered under the policy. Individuals have to be very careful while choosing a Critical Illness Insurance as they should…

Life Insurance Plan: Why is it not a good investment option?

Tuesday, August 16th, 2016 Amritesh no responses

In the past, I have highlighted the fact that Life Insurance plan are not the best investment option. However, Many Investors still prefer investing in Traditional Life Insurance Plan primarily due to the endowment/money back (Maturity cum Death Benefit) nature of the plans. It is the guaranteed maturity benefits and low risk involved which makes it popular investment product. Life Insurance as the name suggests is primarily designed to provide insured’s dependents with a financial protection incase of unfortunate event of former’s death. Traditional Insurance Plans provide death benefits as well as maturity proceeds on successful completion of tenure (subject to one occurring earlier) and hence are also known as Assurance Plans. In my opinion Pure Insurance policies like Term…

Max Life Online Term Plan

Thursday, July 21st, 2016 Amritesh one response

[caption id="" align="alignnone" width="640"] Max Life Online Term Plan[/caption]   “Financial Planning” is one of the most important aspects of planning for the future which is often ignored by individuals. Financial Planning not only helps one to manage savings efficiently but also allows the opportunity to bring financial stability for yourself and loved ones.The future can never be predicted; however one can always plan for the future. Max Life Insurance is offering Max Life Online Term Plan which is available online and offers decent cover at affordable premium.  Thus, a Term Plan becomes very important for every Individual. It offers financial security to the dependents in the unfortunate event of one’s death. Term Insurance is a pure insurance plan offered…

BFSI Website – Which One is the Best?

Sunday, July 17th, 2016 Amritesh no responses

The internet has made the world a smaller place. Most of us spend time on social media platforms and mobile apps. Calling, messaging, viewing content and shopping everything is done online.  Like every other product, even the BFSI sector has extended their services online. While banks were the first movers, insurance is not behind. The financial sector does not only provide services online but they have also optimised their websites and communication to cater to the needs of their audience. One such company is EdelweissTokio Life, they recently launched their new website. The news was trending on twitter at number one position.  The new website was appreciated by most people online.This instigated me to go and check out their website.…

Exide Life Income Advantage Plan: Save, Earn and Be Insured

Thursday, June 9th, 2016 Amritesh no responses

Exide Life Income Advantage Plan is a customizable savings plan which offers you with Guaranteed Income and Insurance cover under the same plan. The plan primarily aims at providing additional income option to meet future financial requirements. It is a Traditional Participating Insurance Plan which will provide you with regular payouts in the latter half of the policy tenure while you need to pay the premium only during the 1st half of the policy tenure. It is an ideal plan for individuals who are looking for an Insurance cover along with an additional income to meet future goals such as Child Education expenses or to take better care of your loved ones. The Cost of Living is always on the…
error: Content is protected !!