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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 …
We must be precise in our retirement planning since one may be unable to return to job throughout their retirement years, and it may be far too late to fully recover from the risks of a low retirement corpus.The three most important things to consider when building your retirement corpus are inflation-adjusted retirement costs, projected …
First and foremost, let us try to comprehend what the MWP Act is. The Married Women’s Property (MWP) Act provides financial protection for the spouse in the case of the insured’s untimely death. It assures that the insurance policy benefits are preserved for the wife, independent of any unpaid debts owed by the husband. Irrespective of …
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 …
As a disclaimer, I do not want any untoward incident to happen in any person’s life, but we also need to be a bit practical and be prepared for any eventualities in our life (and do not consider me as a negative person for writing this blog-post). The Covid pandemic inflicted a devastating blow to …
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 …