InsuranceLiterature

Banks play an important role in the economic development and growth of any country. It converts savings into investments therefore leading to capital formation and economic development. To run this banking sector workforce is required. Ours is a country with a booming young population seeking employment in reputed organizations. People have always shown interest and … Read more

India is a country with majority young population. Even in villages and smaller cities of the country the youth is ambitious and want to be more educated to get a respectable job and build their own place in the society. Although everyone has a dream of their own which necessarily is not related to studies … Read more

What are the best Cancer insurance plans in India? What are the things to know before buying a Cancer Insurance Plan? Cancer is a curse which once grips an individual, makes a significant impact in his life for worse. It is surely one of the deadliest forms of disease we have ever seen in the … Read more

With the epidemic COVID 19 spreading like a disaster throughout the world, contemporary time emphasize the importance of old saying “Health is wealth”. The need of safeguarding our health with good habits like proper diet and daily exercise is need of the hour. Also, to prepare for future uncertainties regarding the healthcare costs which are … Read more

Accidents of any kind whether at road, at workplace or at your home can be painful and may have a devastating effect on personal finances or income security. We often hear of people dying in an accident at a young age leaving his family behind with lesser income security and loads of future responsibilities. Although … Read more

Two wheeler vehicles are considered in Indian homes just like another family member. It provides us ease and convenience to travel freely and cherish the city rides. For youngsters, their bikes and scooters are much more than a vehicle, it relates to their style and personality and considered to be their best friends without which … Read more

Rejection of a travel insurance claim can burn the savings of an individual on account of burgeoning medical costs in most foreign countries. Hassles in the claim settlement can lead to a panic situation when you are travelling to an unknown country thousands of miles away from your home. Most of us rightly opt for … Read more

Rapidly increasing medical treatment expenses is a major concern unexpectedly shattering the budget of the needy. Though hospitalisation expenses gets covered under regular mediclaim policies, expenses required for OPD treatments & consultations are also adding burden to the insurance customers. OPD expenses gets triggered in the mediclaim policies only in few instances like before & … Read more

“Portability” is a facility provided to a health insurance policyholder, which allows policy holder to choose a better service provider by transferring the credit gained for pre-existing conditions and time bound exclusions, from one insurer to another or from one plan to another plan of the same insurance company. Only similar health policies can be … Read more

Tobacco in any form is harmful to human body. Its consumption in various forms like, cigarette, chewing tobacco, snuff, cigar etc. is considered adverse in all health insurance policies. It is considered more adverse in life insurance policies, critical illness and disease specific products especially Cancer Policy & other indemnity & benefit policies offered by … Read more

You would always like to be worry free when you are enjoying trip abroad. But at times, unforeseen events may be challenging & can put you in huge financial losses in the international territory. It can put you in financial stress as you need to take care of expenses in foreign currency.  As a matter … Read more

Buying health insurance is must, but one should be clear about the selection of plans & types of policies. Individual & family floaters are two types of health insurance plans available in market. Family floater policy covers family mostly proposer (self), spouse, dependent children and dependent parents, under single sum insured, where the amount floats … Read more

It is important to plan one’s finances properly. By proper tax planning, one not only reduces the tax liability but also end up saving towards the various goals one has set at different life stages. Health insurance policies, popularly called as Mediclaim policies can help you save tax as per Section 80D of the Income … Read more

Those are the months of monsoon when owners of their dream cars are constantly worried about damages on waterlogged streets. Vehicles are considered to be highly susceptible towards damages in the Monsoon season. Damages to the vehicle in a monsoon can be caused by many reasons like, by a road accident due to the bad … Read more

Growth in incomes has altered the lifestyle of the current working population. The educated working group has embraced the smart personal technology gadgets to explore new destinations in and around the country and across the globe, this generation is keen to ensure that no stones are left unturned. To explore the world may it be … Read more

Young generation is waiting longer to have children while they pursue career & higher education. Social and cultural shift has turned youngsters to delay raising families unaware of associated risk with maternity. Birth outcomes are associated with the age of the mother. Older mothers are at high risk for miscarriage, birth anomalies, birth defects and … Read more

One should be very careful about selecting the correct insurance cover for the dream car you are purchasing. With crowded and damaged roads there is always a fear of accidental damages to the vehicles. Motor insurance policy plays its role for you to enjoy the drive & be secured about the unfortunate expenses. Comprehensive cover … Read more

Protecting your dream home and its contents from natural disasters and other perils has become crucial and should be the top priority. Securing your most important asset i.e., home during the turbulent times has become need of hour as it adds to the unfortunate financial burden. Common perils like flood, earthquake etc. can shatter your … Read more

Almost 80% of Indian population suffers due to lack of insurance awareness, though Insurance industry is considered to be sunrise industry for India. There are several reasons for low insurance penetration; one amongst it is lack of skilled work force. Since privatization of Insurance in 2000, industry has shown great promise. According to the experts, … Read more

Telematics is the combination of words, “telecommunications” & “informatics” & when this term is used in Insurance, it is called as “Telematics Insurance”. Telematics has its application in Motor line of business in Insurance industry. Different terms are used for Telematics in insurance industry; The main elements to the telematics device to be fitted in … Read more

Health insurance and wellness benefits Rise in lifestyle diseases has made health insurance necessary for every individual. But does the health insurance policy suffice the worries of the individuals who are exposed to various risks in every walk of their life? Health insurance plays its role in an unfortunate event when hospitalization is needed, but … Read more

Yes, if you wish to earn an extra income or if you are looking for the job or if you fail to get the job because you are not qualified; you can think of becoming an insurance agent. You can make a career in the insurance industry by becoming a POS agent.   This opportunity … Read more

Are Machine workouts always beneficial? Machine workouts are beneficial for bodybuilders to enhance their muscles and for rehabilitation purposes for recovering from injury. Installing machines at home to improve body shape and tone is expensive matter with space constraint at home, while machine workout at home without training carries the risk of injuries. If you … Read more

Diet plays an important role in keeping your weight under control. So if you want to lose weight quickly, you have to adopt a healthy, nutritious and a low-calorie diet. A low-fat diet & food rich in fibre creates a calorie deficit and helps lose weight in no time. Another good way to lose weight … Read more

Better healthcare and affordability of the same is pivotal for a rapidly emerging economy like ours. In India, as per reports the medical trend rate which refers to per person cost increase due to medical inflation is likely to grow at a double rate of the inflation. Health insurance is the best tool for individuals … Read more

Distribution methods of Insurance products are rapidly changing. This is because of technology changes & consumer change along with it. The vast expansion of internet is causing a major shift in insurance purchase. Insurance distribution is not simply about pushing product but with it brings exotic methods of managing risk. During distribution relationships and trust … Read more

Many medical professionals are now getting in healthcare sector and making their way to high peaks. Health insurance is emerging as the most important segment in the insurance sector. Medical professionals play a vital role in various areas in health insurance companies like; verification of claim payments against health insurance coverage, medical underwriting of the … Read more

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced significant amendments to the existing regulations governing health insurance, mentioned below are details; 1. Reduction in Pre-existing Disease (PED) Waiting Period IRDAI has reduced the maximum waiting period for covering pre-existing diseases in health insurance from 4 years to 3 years. Policyholders can now … Read more

IC 38 exam is an initial step to become IRDAI Agent/Insurance Advisor. Insurance Institute of India (III) on behalf of IRDAI (Insurance Regulatory and development Authority of India), conducts this pre recruitment qualification examination. This exam is conducted on online platform where the results are seen instantly on the monitor as soon as you submit … Read more

Though bikes & scooter are most popular mode of transport in developing county like India, the recent studies has shown that, almost 60% of Two-wheeler owners plying their vehicles on the Indian roads do not get their vehicles insured. It is often seen that customers have a reluctance to renew their Two wheeler insurance policy … Read more

The cost of medical treatments and related expenses are ever increasing. One should ensure that no member of the family is left uncovered facing health risks and the health insurance cover should at least be reviewed once in a period of three to five years especially if you are staying in Metro cities where the … Read more