Health Basica

The need of a life insurance is beyond words. It is a way to safeguard your family or loved ones from the hardships faced due to a financial crisis. To gain the best term insurance plan for you, there are a lot of factors to be weighted out and things to consider. It is and should be the priority of each individual. Research, comparison and observation are the keys to finding the right one for you.  It is essential to put in correct details when filling in an application for an insurance. Concealment of any major medical conditions or lifestyle habits may lead to the cancellation of your form.  To buy the best term insurance plan for you, think about the life stage you are in and the number of members in your family when determining the cover amount. Do not only look at the price alone and pay attention to the amount your family might have a comfortable lifestyle in. Insist on various medical tests to stay safe of any disputes later on. Make sure the cover amount is determine...

Travelling is one of the best past-times of people all across the globe and it is not without reason. It clears your mind, gives you the opportunity to explore new places and above all escape the hum-drum of your everyday life. All these things multiply a few times when you travel abroad because the experience is completely unexpected. What adds to the peace of mind is the presence of an insurance policy. This begs a rather pertinent question - what about an insurance policy when you are travelling within your own country? Don’t you need a domestic holiday cover then? The answer is here is that you do as it is equally important to have one as when travelling abroad. However, most people do not know about it. So here are some of the top reasons to opt for domestic travel insurance when travelling in India - Coverage Today, there are a number of financial providers who provide a wide range of pocket insurance policies to meet your requirements without any hassles. Some of the inclusions...

If you want to ensure that your family continues to enjoy all the good things in life even in your absence, then it is more than imperative to invest in a life insurance policy. This is because a life insurance policy offers financial security over and above your savings. Once opted for, it must be renewed on a regular basis to ensure that your family is well-protected. However, before you opt for a life insurance , you must check for the terms and conditions including the inclusions and conditions pertaining to the renewal. Thus, you must compare the various insurance agencies to find who is offering the best and then opt for the one which suits you best in terms of what is being offered.  Here are the top reasons which make investing in a life insurance cover the best investment decision - Secure Future It is close to impossible to anticipate what our lives would be like in the future. What gets even more difficult is understanding the extent to which the lives of our family mem...

Maternity insurance plans have been started by various companies in order to cover the financial obligations which are involved when having a child. This begins right from the time the news of the pregnancy breaks. This includes visits to the doctor, medical examinations and various nutritional supplements which are needed until the delivery of the baby. Once the baby gets delivered, there are further tests and vaccinations involved. In short, the entire process costs a significant amount of money. This is why a number of insurance providers have today come up with a number of maternity insurance plans to ensure the well-being of both the mother and the baby. In short, a maternity cover provides a lot of benefits. If you are planning to opt for one, here are the top points which you must remember before purchasing - Coverage You need to confirm the expenses which are covered in the policy. These days most of these plans cover the cost of hospitalization, ambulance services, and costs ...

If you already have car insurance which you are not satisfied with, it is high time to switch the company. If you notice yourself struggling with the following points, then you must switch to a better insurance provider.   Insufficient additional insurance cover The comprehensive insurance does not provide sufficient protection for your car. So if your insurer does not offer add-on covers, it’s time to switch the company.     Poor claims settlement and customer support Check the reviews to ensure that the insurer offers every service that is promised. If they don’t, switch the company. Moreover, switch the company if it doesn’t provide 24x7, 365-day support. Cost of motor insurance  The insurance premium is calculated based on factors such as your age, your previous accident history, model and make of the car. The insurance plan is re-evaluated every two to three years based on the above parameters; which can change the cost of insurance offered. Therefore, comp...

Life insurance policy does not only provide financial protection, but it also helps in saving taxes. Here are some ways how life insurance can be used to save taxes. Under section 10C, the claim can be asked by nominee free of tax if the policyholder meets with an accident that leads to his/her death. The same benefit can be availed in a retirement or ULIP plan under section 80CCC. Therefore, the receivable amount, the invested amount, and the earning on that amount are all exempted from taxes. Section 80CC provides a tax deduction of up to Rs.1 Lakh for an annuity or pension plan. A part of your income (2/3rd) is taxed while the remaining is exempted as the accumulated premium reaches maturity. A life insurance policy that is bought after 1/4/2012 is eligible for tax exemption only if the premium amount is less than 10% of the receivable sum. If the policy is issued before the above date, the premium must be less than 20% of the receivable to be eligible for tax emption. If the polic...

Most individuals think that it is cars which require an insurance policy. The truth is that even two wheelers require an insurance policy to get the same benefits and advantages which the four-wheelers enjoy. Apart from this, it has also been found that when it comes to road accidents, two-wheelers were found to be the most vulnerable. For this reason, the Indian Government has made it mandatory for all mobile vehicles to have a third party insurance. Some of the top advantages of availing a two-wheeler insurance include - Affordable When it comes to insurance policies, people usually search for economical options. If you too have already started your search, then you will be glad to know that the cost of a two wheeler insurance policy in India is the cheapest and you get the required coverage too. Third Party Liability If you purchase a third-party bike insurance policy, then you get protection from all the liabilities which arise out of injuries caused to a third-party. Further, it ...

Insurance policies are all about securing the future of your assets, your life and your family. Therefore, it is important to make sure that the insurance policy is kept active for as long as you can. It is best to choose an insurance policy whose premium amount is well within your budget. The following section will shed light on a few critical factors that determine the premium amount you will be paying to the insurer. Your age The age of the applicant plays a vital role – be it Life Insurance, Personal Insurance, Health Insurance or Automobile insurance. It is best that the applicant applies for an insurance policy as soon as they are eligible for one. For example, parents add minor children to their health insurance plans . However, for an individual health insurance plan, you should get one as soon as possible - the lower the age, the lower the premium you will pay. As you age, the premium on your health insurance goes up. Your Gender Even though we live in an equal-opportunity so...