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Hydrostatic lock insurance cover is a must add-on feature
A comprehensive car insurance policy does not cover the damages car's engine or its parts like crankshaft, piston, pins, cylinder, gearbox, etc.
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Pros and cons of higher, normal or lower IDV
Many a times while buying an insurance cover, owners are tempted to reduce the vehicle's IDV to save on premium
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Manage medical treatment costs and your health insurance sensibly
Majority of us have realised the importance of a comprehensive health insurance policy to keep our health and finances protected. Covid-19 has increased the awareness and there has been a rise in the number of health insurance policies sold in the past few months. Yearly inflation in medical care has always been in the range […]
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Here’s why you should avail the porting facility in health insurance policies
In October 2011, IRDAI allowed porting of health insurance policies. The porting rule allows a customer to shift his/her health insurance from one insurer to the other as per their wish. An individual can switch his/her health insurance policy to another insurer with the same sum insured and benefits as with the previous insurer. The […]
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Here’s why you must buy a personal health insurance cover
The pandemic has taught us an important lesson — health is our most precious asset. We need to take utmost care of our health and at the same time, have the means to get the best treatment in case of a health issue. With medical inflation at 18-20%, healthcare related expenses can be backbreaking. Let […]
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Things to consider before buying insurance for mental health
WHO has stated that about 7.5% Indians suffer from some mental disorder and predicts that by end of this year, roughly 20% of India will suffer from mental illnesses. WHO has also noted that the mental health providers in India are not adequate and there is a huge shortage of psychiatrists and psychologists in the […]
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Car insurance: Things you need to keep in mind for peace of mind, on and off the road
During a discussion, we stared calculating the cost of maintaining Honda car costing Rs 12 lakhs. I am not a Cost Accountant. But the calculation in a very simplistic manner turned out to be as follows: Reduction in market price of the car during first year (20% of Rs 12 lakh) = Rs 2.40 lakh […]
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Are Covid-recovered patients finding difficulty in buying health insurance policy?
Ever since Covid struck, 11 million people have been infected in India and good to note that 10.7 million have recovered so far. The severity of the illness from the virus ranges from asymptomatic to mild flu like symptoms, complications requiring hospitalisation with prolonged stay and treatment. In some cases, the post-recovery complications have been […]
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Planning to buy an insurance policy? Be aware of these pitfalls
In the past few years, technology has drastically changed the way we purchase products and services. There is an app or seamless online platform available for banking, stock market investments, payments, etc. The coronavirus pandemic has given a big boost to the digital revolution and even paper heavy, agent dependent insurance purchase also went digital. […]
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To buy or not to buy Covid-specific health insurance
The coronavirus-induced lockdown will always be etched in our minds. This was the time when crores of individuals and families were caught unaware with the fear of sudden illness, complications, hospitalisation and possibility of spending high amount in private hospitals. In July last year, IRDA was quick to permit insurers to issue Covid Specific Insurance […]
