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In India, the market for health insurance is expanding quickly. According to research, the market is anticipated to grow between 2023 and 2030 at a CAGR of 11.5%. The market is currently estimated to be worth $14.4 billion. The long-awaited Ayushman Bharat health insurance for senior citizens 70 years of age and older has been introduced by the …
We are all aware of the proverb “Prevention is better than cure”. So, the practical applicability of this proverb in our personal life, that too, the applicability of this in our personal finance comes when we secure ourselves and our high-ticket purchases from any loss or damages. For the majority of us, buying a home …
We should not wait for the government or the regulator to curb the mis-selling of the bancassurance products to the customers of a bank or an insurance company. We customers should be well-informed or aware of the mis-selling of these bancassurance (insurance-cum-investment) products. Bancassurance is an agreement between a bank and an insurance company that …
Many people find themselves involved in disputes with insurers over claim settlements, even in the face of periodic premium payments and their need for financial help. As a policyholder, if you find yourself in such a position, you must understand how to obtain the sum of insurance money that is rightly yours. The most commonly seen …
Being a bank relationship manager is not simple to accomplish, especially when you have to fulfil a sales target that is generally multiples of your take-home pay. These bankers are always trying to persuade their customers to invest in a variety of financial products, such as term deposits and mutual funds. Along with these, they like …
Let us first understand – ‘What are ULIPs’? Insurance plans are intended to assist people in achieving their long-term objectives. A Unit Linked Insurance Plan (ULIP or commonly known as ‘Ulip’) is a form of life insurance plan that brings together investment alongside coverage. It is the sort of insurance coverage that both enables investors preserve for long-term goals …
Vehicle sales are up year on year, particularly following a period of low demand during Covid. Potential purchasers should seek for the correct insurance coverage to protect their ‘vehicle’ as they decide on the suitable model of cars and two-wheelers. In the thrill of a purchase, it’s tempting to leave the choice about vehicle insurance …
The basic goal of an insurance policy is to give financial stability. When you purchase an insurance policy, you are effectively transferring your risk to the insurance provider. The insurance provider then pays you for the loss if you are impacted by the covered risk. There are several insurance plan types developed to meet each …