What is a Pension? The english dictionary defines the word pension as “a fixed amount, other than wages, paid at regular intervals to a person or to the person's surviving dependents, especially to a person retired from work.” A pension is just one way of saving for … [Read more...] about What is a Pension Plan?
You can buy Critical Illness Insurance policy from a general insurance company or from a life insurance company. But from where to buy the Critical Illness Insurance Policy - General Insurer or Life Insurer? Lets find out. In India, you can buy a Critical Illness Policy as a … [Read more...] about From where to buy the Critical Illness policy – General Insurer or Life Insurer?
1- ICICI Pru - Crisis Cover (a) Diseases Covered - 35 (b) Who can buy - Any person aged between 18 years to 60 years (c) Minimum Sum Insured -3 lakh (d) Maximum Sum Insured -20 lakh (e) Survival Period - N/A (f) Waiting Period - No (g) Policy Term … [Read more...] about Top 3 Critical Illness Plans of Life Insurers on Coverage (2012)
1- Star Health - Star Criticare Plus (a) Diseases Covered - 9 (b) Who can buy - Any person aged between 18 years to 65 years (c) Minimum Sum Insured -2 lakh (d) Maximum Sum Insured -10 lakh (e) Survival Period - 30 Days (f) Waiting Period - 90 … [Read more...] about Top 5 Critical Illness Plans of General Insurers on Coverage (2012)
There are situations when a person is unheard of for several years. What happens to such a person's life insurance policies? Does the spouse or nominee or assignee pay the premiums and keep the missing person's life policy in force? It is common knowledge that if premiums … [Read more...] about What to do…when policyholder goes missing…
How much Life Insurance do you need? Everyone should have enough life insurance coverage to cover all the liabilities as well as unexpected future costs. Whatever life insurance plan you select, the main thing is to make sure you have coverage in the unexpected event. You … [Read more...] about How much life insurance cover do you need?
How do I know if it is a total loss or partial loss? If the cost of repair is more than 75% of IDV it’s a total loss, else its partial loss. a. In case of total loss company will pay the IDV less the salvage value. b. In case of partial loss, company will pay the cost of … [Read more...] about Queries : Everything you want to know about Car Insurance Claim?
Total Loss In total loss, Insured can claim full insured value or IDV of his car. When the vehicle has suffered loss more than 75% of the insurers liability on repairs basis based on IDV of vehicle. In case the vehicle is Total Loss then the insured is paid the full IDV and he … [Read more...] about Claim : Total Loss/Constructive Total Loss/Cash Loss/CL – Net of Salvage
Excellent video tutorial on youtube explaining deductibles and how co-insurance/co-pay work in health insurance. … [Read more...] about How Deductibles and Co-insurance work in Health Insurance?
*Data Source - Annual Report IRDA What is Claim Settlement Ratio? Claim Settlement Ratio (CSR) gives us an idea about the claim solving ability of the insurance company. If claims are intimated and the insurance company solves those, claim settlement ratio would be good. In … [Read more...] about Top 5 Online Term Insurance Plans on Claim Settlement Ratio (2012)