Tag: Insurance Policy

Health insurance policies covering domiciliary covid treatment in demand

NEW DELHI: The pandemic has indeed brought health insurance products to the forefront and with lockdowns in effect, customers have been steadily discovering the ease...

Should you buy multiple life insurance policies?

MUMBAI: As people age, their responsibilities keep adding up. While a single insurance policy might suffice a 30 year old with a limited sum insured,...

Mistakes to avoid while renewing your health insurance policy

NEW DELHI : The timely renewal of your health policy helps you to keep all the benefits intact without lapsing on any of the provisions....

Why domiciliary hospitalization can be beneficial for you during covid

MUMBAI: Domiciliary hospitalization in health insurance policies is a situation where you are considered to be hospitalised even when you are at home. For instance,...

Annual income is a key factor while buying term life insurance

Have you ever wondered that while buying a term life insurance policy, the insurer asks you to mention your annual income in the application form?...

These 4 types of insurance cover can become essential post coronavirus pandemic

NEW DELHI: Health insurance no doubt has been the most bought insurance policies during the pandemic, but there has also been a rise in demand...

Cancellation of a policy is different from non-renewal

Did you know that there is a difference between an insurer cancelling a policy and choosing not to renew it? Cancellation means termination of the...

How to choose right insurer amid the introduction of standardized insurance plan

At times, choosing the right policy for oneself can be a challenging task, given the multiplicity of products available in the market. However, in the...

Covid-19 survivors may not get life insurance policy immediately

NEW DELHI: People who have recovered from covid-19 but continue to experience health issues may face hurdles when buying a life insurance policy. Many insurers...

Irdai to color code health insurance based on complexity

The insurance regulator is planning to make it easier for individuals to pick a health insurance policy. To make it simpler, the regulator wants each...

Why Smart customers dodge the investment-cum-insurance policy trap

You are doing great harm to your financial well-being if you continue to fall into the trap laid down by life insurance companies, their agents...

Pension fund manager fees may rise after new round of licensing

With a fresh round of licensing on the cards, pension fund manager fees are likely to be hiked. These fees are currently capped at 0.01%....

Review the insurance document, verify agent’s credentials before buying

Every once in a while, someone in our company gets an email from my official account asking them to immediately transfer money to a third-party...

Here’s how to avoid disputes this monsoon

Every year during monsoon, insurance companies are flooded with claims of engine seizure due to water ingression. The insurers outright reject these claims. The reason:...