Insurance

Key Takeaways Sum assured refers to the main limit of coverage that your health insurance plan offers. Sub-limits are caps on the maximum amount your insurance policy will cover for specific areas of benefits. Co-payment is the portion of the bill that your insurance doesn’t cover and you need to pay out of your pocket. […]

Key Takeaways An estate plan determines how an individual’s savings and assets get distributed after their passing. Most people ignore this topic because dying is seen as a distant eventuality and hold the erroneous notion that estate planning is for the wealthy. Estate planning enables you to distribute your assets – irrespective of your net

An often neglected yet important financial product, critical illness coverage has often been misunderstood, mis-sold and confused with health insurance. To better understand the need for this insurance, let’s look back in time to see how the concept came about. Contrary to what you would expect, critical illness coverage wasn’t conceived by a financial company

Just a few years back, India was a country with relatively affordable healthcare services. However, this perception and the cost of healthcare has changed rapidly with rising inflation in healthcare costs, which is double the average retail inflation (CPI). Now a major illness could affect your bank account significantly, depleting your hard earned savings. Just

At some point of time in life, someone, somewhere has tried to sell you an insurance policy. The idea of insurance may remind you of experiences of hard-selling, pushy sales people, and incessant nudges from that annoying relative / friend, just to get you to sign up for a policy. So, why does that happen?

There has been an age old debate about which is better. Different people will give you varying answers depending on their vested interest and level of knowledge. The conflicting views might understandably leave you confused but the answer is easier to arrive at than you might think. All you need to look at are the