Insurance

Greater Cover for Health Through Health Insurance Rule Changes in 2019, India

Greater Cover for Health Through Health Insurance Rule Changes in 2019, India

Insurance
The Indian healthcare is taking marvellous leaps in 2019. The regulator is encouraging insurance companies and firms to cover treatment for mental illnesses and for HIV treatment.  Apart from such unconventional moves, the government has also come up with its flagship scheme covering 10 crore homes. Government Sponsored Scheme The government officially launched a medical insurance termed as Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana in September 2018. As per this scheme, 10 crore homes below poverty line get an annual health cover of 5 lakhs. All the states of India are yet to approve and sign the memorandum for this scheme to be implemented. Cover for HIV and Mental Illnesses While the regulator has mandated covering mental illnesses, insurers believe it to be complicated proce
5 Things To Consider Before Buying A Cancer Insurance Policy

5 Things To Consider Before Buying A Cancer Insurance Policy

Insurance
The Indian Council of Medical Research (ICMR) predicts more than 17 lakh new cancer cases in India by 2020. The astronomical costs associated with cancer treatment has the potential to derail a family’s finances and wipe out a lifetime of savings. To prevent this, it’s important to opt for a dedicated cancer insurance policy. However, before availing it, there are certain things to consider:Sum insuredBefore buying a cancer insurance plan, it’s essential to consider the sum insured, which is essentially the coverage amount offered by your policy. Depending on the type and stage of cancer, treatment costs can vary and run into several lakhs of rupees. Also, cancer treatment entails pre- and post- hospitalisation care including diagnostic tests and visit to doctors among others.
5 Recent Developments in the Life Insurance Industry

5 Recent Developments in the Life Insurance Industry

Insurance
India is currently set on an upward growth trajectory and the recent developments in the insurance sector have contributed to that heavily. Apart from the favorable economic conditions, the biggest reason behind the boom of the insurance industry is the various initiatives the government has taken to improve the economy and the performance of the insurance sector.Here are five developments in the life insurance industry that are significant: Growth in premium INR 4.58 lakh crore was collected as premiums in the financial year 2017-18. This has been one of the most noteworthy developments in the industry. This is a considerable rise as compared to the premium collection of INR 4.18 lakh in the financial year 2016-17. This is an indication that the people of India are now

Buying Trucking Insurance? Here’s What To Look For

Insurance
Whether you are already an owner-operator or you are thinking of buying your own truck to travel with, you need to look over the necessary documents before you hit the road. Hard as it may be, it’s vital that you become a sponge with the information relating to trucking insurance. If you are looking to buy trucking insurance, you should consider different criteria. It’s your responsibility to make sure that the company you go with will be able to provide you with everything that you might need down the line. Let’s take a look at the most important things to take note of. What do they specialize in? Any vehicle insurance provider can present you with a quote for trucking insurance. However, you might not get the same benefits as you would from a company that specializes in that particu
Guide to tax deductions on medical insurance

Guide to tax deductions on medical insurance

Insurance
A hectic, stress-filled lifestyle can cause a variety of health issues, be it something as common as diabetes or something big like cancer. But, no matter how big or small the medical issue is, it still needs treatment. This means you need to change your lifestyle and maintain a healthy diet along with the regular intake of your medications. Also, medical costs and hospitalization is not cheap either. Here's where health insurance comes in. If you or your loved one is suffering from an illness or disease the last thing you need is more stress, which is exactly what expensive medication can give you. Having a health insurance has lots of other benefits and the primary one is that you can get a tax deduction when you have a medical insurance plan.Section 80D Every individual or HUF can ...
HOW TO GET CASH OUT YOUR LIFE INSURANCE POLICY?

HOW TO GET CASH OUT YOUR LIFE INSURANCE POLICY?

Insurance
Many people ask one common question related to life cash value life insurance policies- what is the cash value of a life insurance policy? Cash value life insurance policies are the kind of policies that provide a death benefit to the beneficiary as well as accumulate cash value in another account. So, for a cash value life insurance policy, every time the policyholder pays for the premium, the cost is divided into the death benefit, company fees for coverage, and finally some cash value in an account within the policy. This makes the cash value life insurance premiums quite expensive. Since the cash value goes into a different account that is separate from the death benefit, the beneficiary does not receive the cash value once the policyholder passes away. This cash value is technically ...
Advantages of Buying Two Wheeler Insurance from ICICI Lombard

Advantages of Buying Two Wheeler Insurance from ICICI Lombard

Insurance
In case you have purchased a new bike and are still reluctant to buy a two wheeler insurance, then you should immediately buy one. Because as a motorcycle rider you should take care and show caution every time you are on the road. It is imperative to think about your life, your bike, and the lives of others. Also, a two wheeler insurance is a great way to protect you against loss, if you are in an accident. It will help financially save you and your vehicle from the adverse effects of damages incurred due to an eventuality. But, there are tons of two wheeler insurance companies who offer affordable plans. However, the two wheeler insurance plans from ICICI Lombard is unbeatable. This read will help you understand that how buying insurance from ICICI Lombard can be rewarding.The Advanta...
6 Unusual Insurance Policies

6 Unusual Insurance Policies

Insurance
Insurance policies aren’t something we usually think of as interesting.  What’s interesting about deductibles, monthly premiums, and pages of miniscule fine print?  Well for most of us, not all that much.  But that doesn’t mean that all insurance policies are boring.  Here are 6 unusual insurance policies that you have to see to believe.Holly Madison’s Breasts For $1,000,000 Holly Madison, the reality star of the Girls Next Door and one of Hugh Heffner’s former girlfriends, had her breasts insured for a cool one million dollars.  According to Madison, she took out the bosomy insurance policy to protect her income in case something happened to her “assets”.  And she means it literally – on her Las Vegas production, Peepshow, Madison often appears topless and indeed, would suffer a si
Reasons People Have To Get High Risk Life Insurance

Reasons People Have To Get High Risk Life Insurance

Insurance
We all know that life insurance is an important part of any good financial plan. Unless you want your family to pass the hat at your funeral, you need to have life insurance in case something were to happen to you. Life happens, and death happens, and you need to be prepared.But what do you do if you cannot get a regular life insurance policy, due to health or other issues? You may have to get high risk life insurance. The name of the type of policy explains what the insurance covers. It is for people who have a higher risk of dying than others. For example, a 50-year-old male smoker who has high blood pressure is generally going to pay more for life insurance than a 22-year-old healthy female accountant. That is because in this situation, there is much more of a chance that the man wi...
Insurance Leads: Your Answer to More Sales

Insurance Leads: Your Answer to More Sales

Insurance
The day of cold calling and hitting up the same customers to purchase more insurance is no longer the best way to sell more insurance. Today, just by using your computer you can find insurance leads without any hassles.Insurance lead providers like Cube Reviews verify as well as examine the companies that sell leads to ensure that you can receive the best quality leads as well as customers that are actually wanting to purchase insurance. Using online leads are an important tool for all insurance agents that wish to make a profit in today’s busy world. You may have purchased leads previously to learn that the list of leads are out of date and you barely sold a few policies as most individuals were no longer interested in purchasing any type of insurance. Purchasing leads without the kn