insurance

[ad_1] Q. I am a 37-year-old professor at a private college, and I want to ensure my family’s financial security in case something happens to me. My daughter dreams of becoming a doctor that requires a substantial amount of money. I am diligent and considerate about my savings. However, as an academic, I am aware that inflation can affect my household expenses and impact my future financial planning as…

[ad_1] Magma HDI General Insurance Company and Suryoday Small Finance Bank have partnered under a Corporate Agency Agreement to provide health insurance to Suryoday Bank’s Commercial Vehicle Loan customers. This strategic alliance aims to enhance access to health insurance by utilizing Suryoday Bank’s widespread presence in both urban and rural areas. Also Read: From premiums to claims process: Decoding key terms in insurance policies | 8 points Partnership to…

[ad_1] Q. I recently got married and my spouse is self-employed. Can we combine our health insurance plans, or should we each maintain separate coverage? What are the pros and cons of each option, especially considering our differing employment statuses. Combining health insurance plans as a married couple, especially when one spouse is self-employed, involves weighing the pros and cons of different options. Here are some considerations to help…

[ad_1] Financial planning is essential in today’s world to safeguard and ensure our family’s financial stability. A key component of financial planning is choosing the right insurance. Unfortunately, many people mistakenly believe that insurance is primarily for tax savings and prioritize the tax benefits when selecting a policy, but this is not the correct approach. While tax benefits can be an attractive advantage, they should not be the main…

[ad_1] Insurance regulator Insurance Regulatory and Development Authority (IRDAI) has released a set of new regulations in relation to the surrender value of insurance policies. The new set of rules will come into effect from the next financial year i.e. April 1, 2024.  According to the latest guidelines, surrender values for life insurance policies are set to decrease if the policies are surrendered within three year. But if the…

[ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) has retained the existing surrender values for life insurance policies, following concerns raised by life insurers, according to the gazette notification issued later last week. The regulator also permitted sale of Index Linked Insurance Products, where the Net Asset Value (NAV) is linked to publicly available indexes IRDAI decided to retain the regulations after it suggested an increase in…

[ad_1] The importance of oral health cannot be overstated, as it not only affects our physical well-being but also our overall quality of life. World Oral Health Day is celebrated annually on March 20th to raise awareness about the importance of maintaining good oral health practices.  Access to quality dental care can be a challenge for many people, having insurance can make a huge difference in ensuring that individuals…

[ad_1] Millennials have disrupted many industries, and insurance is not an exception. This generation values connectivity and their continuous access to information, thus demanding personalised experiences, transparency, and technology-driven solutions. In the dynamic landscape of the Indian life insurance industry, a transformative shift is underway, with prime focus on providing tailored financial protection for the next generation. The evolving needs and aspirations of young individuals demand a more personalised…