Travel credit cards, along with special reward points and deals, provide insurance coverage for travel related emergencies. These cards are accompanied with a variety of benefits like compensation for trip cancellations, flight delays, medical emergencies etc. The coverage amount and benefits will however depend on your card variant as well as the bank’s policy. If … Read more
You need to choose the right term insurance policy to provide for your family. Still, it is important to ensure that you don’t make avoidable errors such as: inadequate coverage, hazy policy terms, higher premiums, vague add ons etc. Also Read | How to Choose the Best Term Insurance Plan This should be kept in … Read more
With health insurance premiums seeing a sharp increase due to the rising cost of medical inflation, you should consider purchasing riders, which are offered as an ‘add-on option’ in your policy. Health insurance riders can provide you with decent coverage at lower costs. A health insurance rider, which is the extra benefit or coverage that … Read more
In India, where car ownership is now becoming the norm, it is helpful to know about the variables that influence car insurance premiums in order to be able to manage your finances in the best possible way. While everyone knows about variables such as the make of the vehicle, age of the vehicle and driving … Read more
Equated monthly instalments (EMIs) have expanded in scope and size turning into a handy tool for those who want to buy a whole range of things—from homes and cars to refrigerators and mobile phones. You can start enjoying the product even without fully owning it by making small payments every month, quarterly or half-yearly. With … Read more
Despite taking both life and health insurance policies, policyholders are suggested to opt for a critical illness rider. This is because it helps policyholders manage their finances well in case of an eventuality. Those who are not aware, a critical illness rider is attached to the life insurance policy and provides financial protection against life-threatening critical illnesses. This … Read more
The limit on room rent is a significant factor in a health insurance policy as exceeding it will increase your out-of-pocket expenses significantly. If a policyholder opts for a room that is above the limit set in the policy, the insurer will apply a proportional deduction, affecting not only the room rent payout but also … Read more
This interval in insurance coverage presents an opportunity for the insurers. They can expand their access to Tier-II and Tier-III cities and rural areas with low awareness and access. “Insurance density in India is relatively lower than global standards. New distribution models can provide facility to include at least customers, which have already been covered … Read more