1- Kotak e-Preferred (a) Who can buy - Any person aged between 18 years to 65 years (b) Policy Term - 5 - 30 years (c) Minimum Sum Insured -25 lacs (d) Maximum Sum Insured -Unlimited (Subject to underwriting) (e) Riders -– No Riders Available (f) Life cover Step-Up/ Step … [Read more...] about Top 5 Online Term Insurance Plans on Policy Coverage (2012)
My father is a diabetic and he is currently under medication. Is his diabetics can be covered under health insurance? No. That would be considered as pre-existing condition and hence would not be covered. He needs to wait for the health insurance waiting period (i.e. 4-5 years … [Read more...] about Health Insurance FAQs : When Pre-existing disease will be covered?
What is co-payment or co-pay? A "co-payment" or "co-pay" is a specific charge that your health insurance plan may require that you pay for a specific medical service or supply, each time a medical service is accessed. In other words Co-payment refers to the portion of claim that … [Read more...] about What is 'co-payment' or 'co-pay'?
Key man insurance is a coverage that will protect company in the case of an untimely death or disability of a top salesperson, executive or business owner. Key persons are those within a business who are vital to the business’s profitability and continued financial success. There … [Read more...] about All You Wanted To Know About Keyman Insurance
Looking to buy insurance plans but not sure how to select them? Don't fret. We have, here, four key ratios that would make your life easier, and of course, enable you to make the best possible insurance plan selection. 1. Claim Settlement Ratio Claim Settlement Ratio gives us … [Read more...] about 4 Key Ratios to look at before buying an Insurance Policy!
Immediate action after the accident First of all, please take care of your health and consult doctor for precaution and treatment (if required). Notify Police authorities in case of Road Traffic accident. Notify the claim at the insurance company’s call centre as soon as … [Read more...] about 8 steps to file a motor insurance claim?
If you have taken deduction u/s 80C of the IT Act for the premium payment, in that case , do not surrender the policy within the three/five years of its purchase. Let’s check the Income Tax provisions on surrender of insurance policy - Case 1 - Surrender of the ULIP, within … [Read more...] about Surrendering your insurance policy, check income tax provisions!
Step 1 Check the coverage provided by the travel insurance policy - 1. Any exclusions on the travel policy, such as pre-existing medical conditions. 2. Whether 24-hour emergency assistance is available. 3. Keep a record of any highly expensive item - camera/video recorder, … [Read more...] about 8 steps to file a travel insurance claim?
The South Mumbai District Consumer Disputes Redressal Forum has fined an insurance company for causing mental agony to a family by not releasing the amount due to them on grounds that the insured did not reveal information about his earlier life insurance policy. In 2001, Naval … [Read more...] about Insurance company can't deny claim, if the insured did not reveal information about his earlier life insurance policy!
Procedure to transfer the old PF amount to new PF account 1. At the time of joining a new organization, the company’s HR will give you forms for opening an PF account. When new PF account is opened and you would receive a new PF Number. 2. Fill up PF withdrawal form (Form … [Read more...] about How to transfer EPF to new employer?