A ₹10 lakh health insurance policy may look sufficient until one major hospitalisation uses most or all of the available cover. If another family member needs treatment during the same policy year, you could be left without enough insurance. This is where the restoration benefit in health insurance may help. It can refill the available […]
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Life insurance and general insurance both protect you against financial loss, but they cover different risks. Life insurance mainly protects your family against the financial impact of your death, while general insurance covers non-life risks such as hospital expenses, vehicle damage, travel emergencies and property loss. Understanding the difference between life insurance and general insurance
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A serious illness can exhaust a ₹5 lakh or ₹10 lakh health policy faster than expected. Cancer treatment, cardiac surgery, ICU admission or repeated hospitalisations can leave a large part of the bill uncovered even when you already have health insurance. Buying a much larger base policy is one solution, but it can significantly increase
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A profitable business can still result in a weak term-insurance application when the owner’s income records are incomplete or inconsistent. Insurers assess the income available to the applicant, not simply the revenue earned by the business. People comparing term insurance for self employed applicants should prepare their financial records before choosing a large sum assured.
How Can Self-Employed People Buy Term Insurance? Read More »
Changing jobs does not move your accumulated PF balance into the new Member ID in every case. The old account may continue showing a balance even after your new employer starts depositing monthly contributions. Knowing how to transfer EPF online can help you combine your PF balance and preserve your employment service record. EPFO has
How to Transfer EPF Online? PF Transfer Process, Rules & Steps Read More »
You submit a redemption request for ₹1 lakh, but the amount credited to your bank account is lower. The difference may come from an exit load, even when the investment has earned a profit. An exit load in mutual fund is charged when units are redeemed before the period specified by the scheme. The rate,
What Is Exit Load in Mutual Funds and How Is It Calculated? Read More »
A comprehensive car insurance policy can still leave you with a sizeable repair bill. Depreciation on replaced parts, engine damage after water ingress, towing charges and small consumable items may remain payable from your pocket. The right car insurance add ons can reduce these expenses. Each add-on covers a specific financial risk, so buying every
Car Insurance Add Ons in India: Compare Zero Dep, RTI, Engine Cover, RSA & Consumables Read More »
Many people delay buying term insurance because they expect a long medical examination process. However, some applicants may qualify for term insurance without medical test, depending on their age, health, income, lifestyle and required life cover. This does not mean that the insurer will issue the policy without checking your risk. You must still complete
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Your health insurance premium may remain manageable for several years and then increase noticeably at renewal. This does not always mean the insurer raised your price because you made a claim. You may simply have entered the next health insurance premium age slab. Age slabs influence the premium charged when you buy or renew a
Why Does the Health Insurance Premium Age Slab Matter? Read More »
Health-focused insurers such as Star Health, Care Health and Niva Bupa are often compared with general insurers such as HDFC ERGO, ICICI Lombard and Bajaj General. But does choosing a company that mainly sells health insurance automatically result in better coverage or smoother claims? Not necessarily. Standalone health insurance companies in India specialise in health-related
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