Navigating the Health Insurance Claim Process: A Complete Guide
Health insurance offers financial security in times of medical emergencies, but understanding how to claim it can sometimes feel overwhelming. Whether you’re opting for a cashless claim or reimbursement, knowing the right process ensures a smooth experience. This guide will walk you through everything you need to know about health insurance claims. Understanding the Health Insurance...
Joint term insurance plan: everything you need to know
Life is unpredictable, and while we can’t control what happens, we can certainly plan for it. A joint term insurance plan might be a smart move if you’re looking for a life insurance option that covers two people under one policy. But what exactly is it? How does it work? And is it the right choice for you? Let’s break it down in a simple yet serious way. What is a Joint Term Insurance...
How To Claim Term Insurance After Death
Losing someone dear to you is never easy. On top of the emotional toll, handling financial matters like claiming term insurance after death can feel overwhelming. But don’t worry—you’re not alone in this. If your loved one had a life insurance policy, you are entitled to the benefits, provided you follow the right process. To make things easier, we’ll walk you through the stepwise...
Is Term Insurance Worth It? Things To Know Before Buying A Term Plan
Life is full of uncertainties, and while we can’t predict what lies ahead, we can certainly take steps to protect our loved ones. One of the most effective ways to ensure that your family remains financially secure in case something happens to you is by choosing a term insurance plan. In this guide, we’ll explore what term insurance is, its advantages, and how to choose the best...
Will Taxing High-Value Insurance Benefit Debt Mutual Funds?
Life insurance has always been a preferred investment option for all people due to the financial security it offers to a family after the demise of the policyholder. It also becomes ideal for people with a conservative risk profile. In the budget 2023, it was announced that high-value insurance purchases would henceforth be taxed with effect from 1st April 2023. This newly introduced...
The Married Women’s Property Act (MWP Act)
We all know that a life insurance policy provides financial protection to the policyholder’s family in the event of their untimely death. The policyholder pays premiums to the insurer, which is an insurance company. In return, the insurer promises to pay a predetermined coverage amount to the nominee in the event of the policyholder’s death during the policy term, so that’s how a...
Insurance and its Tax Benefits
Saving taxes is everyone’s predominant motto when it comes to investments. Thankfully, the Income Tax Act 1961, has allowed various types of investment avenues to be exempt from the purview of income tax. If you choose these avenues for investment, you can earn tax exemptions and deductions on the amount you invest, the returns generated and the benefit you get. When it comes to...
7 Habits That Make Life Insurance Costly!
Awareness about Term Life insurance has increased manifold. Many people are either already insured or wanting to insure themselves. Buying term insurance is very convenient nowadays. With the ease of online insurance plans and Low-cost insurance, it has become an important part of a long term personal financial plan. While the loss of a near & dear one is emotionally devastating, term life...
Things to Know Before Buying an Endowment Plan
Many of us are impulsive buyers and a lot of the time we end up spending on a whim. We buy things which we may or may not need in the future. While treating yourself to such pleasures is in no way a sin, one should give equal thought to securing their future. If you relate to this, buying an Endowment Plan could be the solution to your savings and future security. People who have a steady...
