Nomination: Designating the Recipient What it is: Nomination is the process where the policyholder (the person who bought the insurance) formally names one or more individuals who will be entitled to receive the policy benefits (the death claim amount and any other applicable payouts) if the insured person passes away during the policy term.1 Think […]
Section 80C plays a crucial role in helping taxpayers in India reduce their taxable income by allowing deductions on specific investments. Among these, insurance policies stand out as a smart option, offering not only tax savings but also financial security for you and your family. Investing in life insurance or other qualifying insurance plans under […]
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Nomination
Nomination What is Nomination? Nomination is the process by which the policyholder (the person who buys the insurance policy) designates one or more individuals (the nominees) who will be entitled to receive the policy benefits (the sum assured and any other applicable amounts) in the event of the policyholder’s death during the policy term. Who […]
Factors to Consider When Choosing Your Life Insurance Cover: Determining the appropriate life insurance cover involves assessing your current financial situation, future financial obligations, and the needs of your dependents. Here’s a breakdown of key factors: Methods to Estimate Your Life Insurance Cover: Using Online Calculators: Many insurance companies and financial portals in India offer […]
What are Online Insurance Aggregators? Online insurance aggregators are platforms that collaborate with multiple insurance companies to offer a wide range of insurance policies on a single website or app. They allow users to compare different plans based on various parameters like premium, coverage, features, and benefits, helping them make informed decisions. Top Online Insurance […]
Initial Waiting Period (or Cooling Period): 2. Waiting Period for Pre-Existing Diseases (PEDs): 3. Waiting Period for Specific Diseases/Procedures: 4. Waiting Period for Maternity Benefits: 5. Waiting Period for Newborn Baby Inclusion: 6. Waiting Period for Health Check-ups: 7. Waiting Period for COVID-19 Coverage: Important Points to Remember: Understanding the waiting periods in your health […]
best term insurance plans with return of premium comparison Potential TROP Plans to Consider (as of May 2025): Based on general market understanding and features, here are some insurers offering TROP plans you might want to compare: Insurance Company Popular TROP Plans (Illustrative) Key Features HDFC Life Insurance Click 2 Protect Super (ROP Option) Offers […]
Financial Security Against Accidents 2. Covers a Wide Range of Scenarios: 3. Complementary to Health and Life Insurance: 4. Protection Against Disability: 5. Accidental Death Benefit: 6. Affordability: 7. Mandatory in Motor Insurance: 8. Additional Benefits: In conclusion, personal accident cover is a vital component of a comprehensive insurance plan in India. It provides crucial […]
Factors Affecting Car Insurance Premiums in India 1. Vehicle-Related Factors: 2. Policyholder-Related Factors: 3. Policy-Related Factors: Tips to Reduce Car Insurance Premiums in India: By understanding these factors and implementing these tips, you can make informed decisions and potentially reduce your car insurance premiums in India. Remember that the cheapest policy might not always be […]
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Types of Health Insurance Claims:
Types of Health Insurance Claims Steps for Cashless Claim Settlement: Steps for Reimbursement Claim Settlement: Key Documents Generally Required for Health Insurance Claims: Important Points to Remember for a Smooth Claim Process: Understanding these steps and keeping the necessary documents ready can help you navigate the health insurance claim settlement process efficiently during a medical […]
Common Types of Life Insurance Riders in India: Factors to Consider When Comparing and Choosing Riders: Which Riders to Choose? There’s no one-size-fits-all answer. The best riders for you will depend on your unique circumstances. However, some commonly recommended riders include: How to Compare and Choose: By carefully comparing the available riders and aligning them […]
group health insurance plans for small businesses in India cost Factors Influencing Premiums for Senior Citizen Health Insurance: Potential Plans to Explore for Affordability (with caveats): Keep in mind that “affordable” is subjective and depends on individual circumstances. The premiums mentioned are indicative and can vary based on age, location, and the specific sum insured […]
Factors Influencing Premiums for Senior Citizen Health Insurance: Potential Plans to Explore for Affordability (with caveats): Keep in mind that “affordable” is subjective and depends on individual circumstances. The premiums mentioned are indicative and can vary based on age, location, and the specific sum insured chosen. It’s crucial to get personalized quotes online. Tips for […]
travel insurance plans for international trips from India with covid cover Key Aspects to Look for in a Plan with COVID-19 Coverage: Leading Travel Insurance Providers in India Offering COVID-19 Coverage (as of May 2025): Many major travel insurance providers in India now include some form of COVID-19 coverage in their international travel insurance plans. […]
Understanding Home Insurance for Rented Property (Tenant Insurance) As a tenant, you don’t need to insure the building structure itself, as that’s the landlord’s responsibility. However, you do need insurance to protect your belongings within the rented property.1 This is often called Tenant Insurance or Renters Insurance. What Tenant Insurance Typically Covers: Key Factors to […]
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Financial Security and Support:
1. Financial Security and Support: 2. Comprehensive Coverage for Specific Severe Illnesses: 3. Supplement to Existing Health Insurance: 4. Tax Benefits: 5. Other Benefits: Important Considerations: Understanding these benefits will help you appreciate the value of a critical illness insurance plan in providing financial security and peace of mind in the face of serious health […]
Step 1: Visit the Insurer’s Website or a Comparison Portal Step 2: Enter Your Vehicle and Policy Details Step 3: Review Your Coverage and Add-ons Step 4: Check the Premium Amount Step 5: Make Online Payment Step 6: Receive Your Renewed Policy Documents Documents Typically Required for Online Renewal: While the online process is largely […]
Why Choose a Comprehensive Car Insurance Policy? A comprehensive policy offers the widest coverage, protecting you against: Key Factors to Compare Online: When comparing comprehensive car insurance policies online, consider these crucial factors: How to Compare Comprehensive Car Insurance Online: Top Insurers to Consider (as of May 2025): Based on general reputation, claim settlement, and […]
How to Calculate Income from Let-Out House Property [Step-by-Step Guide & Tax Tips with My Advisers] Calculating income from let-out house property is essential for every property owner in India, especially when planning finances and filing taxes. This income affects your tax liability, so knowing how to compute it accurately helps you avoid surprises during […]
Understanding Affordable Health Insurance with Maximum Coverage Affordable health insurance plans in India aim to provide comprehensive medical coverage without straining your budget.1 These plans often balance cost-effectiveness with essential features to protect you from significant healthcare expenses. Key Features to Look For: Affordable Health Insurance Plans in India (May 2025) Here’s a comparison of […]