Term insurance is needed to bridge the gap between one’s wealth-after subtracting liabilities-and financial goals, in case one passes away before goals are met.
Insurance Regulatory and Development Authority of India (IRDAI) has directed all the insurance companies to make a provision to cover mental illness also in insurance policies.
At the time of receiving the policy cover note, the insurer also sends the policy document containing the inclusions, exclusions, and so on in detail.
In a step towards reducing myths and stigma associated with mental illness, the insurance regulator today asked insurers to cover mental illness under medical insurance policy, treating it at par with physical illness.
AB-NHPS will have a defined benefit over of Rs 5 lakh per family per year on a family floater basis for secondary and tertiary care hospitalisation.
An emergency fund is supposed to be a liquid asset, however, the most common emergency that most people face is health related.
Single premium insurance plans should merit a spot in your financial portfolio only if they meet your cost and suitability criteria.
There are two types of sub limits in your health insurance- one on the hospital room rent and the other on the sum assured on the specific disease.
Most people tend to give the in-depth study of the policy clauses a miss, only to regret later.