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Health insurance is a powerful financial tool that not only protects you against unexpected medical costs but also helps secure your long-term financial stability. With rising medical expenses and the unpredictability of health issues, planning your insurance strategy wisely can safeguard your investments and support your life goals. In this blogpost, we’ll explore how to …
When you buy an insurance policy, you expect it to help you reach your financial goals or to protect you and your loved ones. However, sometimes you might feel that the policy you have no longer fits your needs or is not working the way you hoped. In such cases, you might consider ending, or …
In recent years, concerns over the mis-selling of financial products have intensified, with Unit-Linked Insurance Plans (ULIPs) emerging as a prime example of this phenomenon. Financial institutions, particularly banks, have been known to market ULIPs in ways that often mislead customers regarding their true benefits and suitability. The practice of mis-selling—selling a product that does …
Health insurance has become a necessity in today’s world, given the ever-increasing costs of medical treatments and hospitalizations. Yet, despite its importance, many misconceptions surround health insurance, leaving people confused and often making uninformed decisions. This blogpost dives into the most common myths about health insurance, clears up the confusion, and helps you make a …
Many investors regularly review their investment portfolios, but unfortunately, insurance portfolios often get overlooked. It’s important to review your insurance coverage to ensure your family is financially protected at all stages of life. Here’s a comprehensive guide to understanding how and when to adjust your term life cover based on life events and financial milestones. …
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 …