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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 …
As you may be aware, effective April 1st, 2024, all insurers must offer insurance policies exclusively in electronic form. E-insurance refers to a demat account for storing insurance policies. An e-Insurance Account (eIA) allows you to handle all of your insurance policies, whether they are life, health, or general insurance. You no longer need to retain …
As chronic illnesses like diabetes, heart disease, and arthritis remain prevalent, it is difficult to navigate health insurance in India. These health disorders need on-going medical care, which heavily impacts health insurance decisions. The waiting time is an important consideration when purchasing chronic disease health insurance. This is the time between when you purchase the coverage …
Everyone is understandably concerned about the cost of health insurance premiums. Regardless of the reasons, it is a good idea to examine your health insurance plan on a regular basis to ensure that it still fulfils your needs and whether it is the most suitable one available in the market for you. Porting of insurance should ensure that …
While the vast majority of Indians are monetarily unprepared for retirement, many are actually unaware of the gravity of the situation. According to a poll, just 20% of individuals believe that real retirement planning should begin before the age of 30, and many of them have no clue how much retirement corpus they would need when …
Despite increased knowledge of health insurance, many aspects of health plans remain poorly understood by policyholders. Let us try to understand the basic difference between the add-ons ‘top-up’, ‘super top-up’ and ‘Unlimited restoration’ in a health insurance policy. Firstly, a ‘top-up plan’ is an add-on coverage that supplements a health insurance policy. It provides additional …
The majority of us strive for financial freedom during our working years. In actuality, having a solid strategy in place is the only way to fulfil your aim to become self-sustaining financially. Although the term “financial freedom” may have different meanings to different individuals, it is simply a condition that is attained when a person …
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 …