Buying term life insurance policy during coronavirus pandemic becoming difficult
Buying a term insurance plan is getting difficult due to the COVID-19 situation in India. The reason behind the same is the growing Covid-19 cases which have forced insurance companies to add a few questions in the term insurance proposal form.
Want to know how much life insurance cover you should have? Here are two ways to calculate
The first step of a financial plan is to make sure...
IRDAI allows insurers to offer short-term health policies for coronavirus treatment
Short term health policy means any health insurance polic...
New vehicle owners will have to buy these insurance covers as long-term motor policy will go from Aug 1
Move will help new vehicle buyers as they will not have to pay a huge premium cost upfront.
Aegon Life launches 1-year term insurance with COVID-19 cover. How to buy using the Flipkart app
This launch is aimed to provide Flipkart customers with a comprehensive insurance cover against COVID, that can be availed on the Flipkart app along with the base life insurance plan. Customers up to the age of 50 years can buy this policy.
Does your motor insurance policy cover damage during riots?
The motor insurance policy document always mentions the coverage, exclusions and exceptions in the terms and conditions. The amount of reimbursement of damage cost that you are entitled to at the time of claim depends on various factors.
This indemnity-based coronavirus health insurance covers PPE cost. Should you buy?
This will be a standard health policy which will provide coverage of up to Rs 5 lakh for hospitalisation expenses related to Covid-19. The policy will cover consumables such as PPE Kit, gloves, mask and other similar expenses used for the treatment.
Term insurance policy premium may rise again in coming 3 to 6 months
Term insurance premiums are calculated on the basis of mortality rate and expected claims outgo, and accordingly, re-insurers fix the re-insurance premium that they charge insurance companies.
How much and what type of health insurance policy you need for different life stages
The need for health insurance changes from youth to old age depending on one’s lifestyle and genetics. ET Wealth tells you how much and what type of health plans you should have as protection against poor health through various stages of life.
Will Standard Benefit Based Coronavirus Health Insurance policy help you?
The cover will be a benefit-based product offering a 100% lumpsum if a policyholder tests positive.
Telemedicine to be covered under health insurance policy amid coronavirus outbreak: IRDAI
This move brings relief to medical insurance policyholders who may prefer to consult medical practitioners online or telephonically to avoid going out of their homes or if they are in quarantine themselves due to the coronavirus infection.
Should I remove the critical illness rider from my term insurance plan?
If you are diagnosed with a critical illness that keeps you away from work, you could face loss of income during the period of recovery. The life cover will not offer any succour in this situation.
ICICI Lombard adds home healthcare, NCB benefit for coronavirus claims to existing insurance covers
Home care is convenient and an alternative mode to hospital care. This service is based on the individual's needs as prescribed by his or her treating doctor. The service includes remote monitoring by a medical practitioner, doctor visits, etc.
I have pre-existing diseases. Should I buy health insurance for my spouse and myself separately?
Health insurance pricing usually is based on age, and not pre-existing conditions. Buying a floater policy will mean for the same price, you will get higher coverage and risk is spread across two individuals.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service