Navigating the maze of personal finance
Insurance is an indispensable component of any financial plan, but knowing which types you need can be confusing. Here are the four major types of insurance that everyone should consider: Life insurance Anyone who has ever been responsible for a family knows that life can be unpredictable. No one wants to think about what would … Read more
Health insurance is one of those things that most people know they need, but few actually enjoy researching and purchasing. With numerous products, plan options, and all the complicated fine print, it can be quite a daunting task. In this blog, let’s look at two independent studies which can help you identify the best health … Read more
With the cost of health care going up, a good health insurance policy can be a lifesaver. But before you buy health insurance, it is important to understand all its terms and conditions. One such term is “room rent limit.” This article will explain how the room rent limit works and how you can avoid … Read more
Health insurance is very important in the world we live in today. With the rising cost of healthcare, an unexpected illness or injury can quickly become a financial burden. If you are working, there is a good chance you are covered by your company’s group health insurance plan. So do you need to supplement it … Read more
People from all over the world make decisions about their health every day. They decide when and how to schedule medical tests and procedures, what types of exercises to pursue to manage their medical conditions, and even where to purchase health insurance. When it comes time for a person to buy health insurance, the individual … Read more
Term life insurance is an essential financial safety net for families. It provides a death benefit to help cover final expenses and replace lost income in the event of the policyholder’s death. The amount that is insured in a standard term insurance policy is subject to being claimed by wrongful parties or beneficiaries, such as creditors … Read more
No matter what stage of life you are in, it is always a good idea to have term insurance. It is one of the most affordable and comprehensive types of insurance available, and it can provide peace of mind in knowing that you and your loved ones are financially protected in the event of your … Read more
What is it ?A term insurance plan ensures that in the event of your death your family does not face financial difficulties, by paying them a lump sum amount that you were insured for (and paid premium towards while you were alive). To make this happen first you have to choose:a) amount to be insured … Read more
What is it?ULIP is a financial product providing both insurance and investment at the same time. How does it work? A part of the premium is diverted to provide life insurance to the policy holder. In case of death of the policy holder either the sum assured or the fund value, whichever is higher is … Read more
The Pradhan Mantri Jeevan Jyoti Bima Yogana (PMJJY) is a life insurance scheme that is a part of the prime minister’s social security scheme. Though I have paid the premiums twice now, I was not sure of the fine print and where I could download the insurance certificate for the Pradhan Mantri Jeevan Jyoti Bima … Read more