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Source: Live Mint She has been considering discontinuing the policy and building a medical emergency fund instead. “Even as I am paying such a huge premium, I had to sue my insurer thrice to get my claim settled. I won twice,” she said. “Damned if you do and damned if you don’t,”she says. Yet, she…
Source: Live Mint But for many young professionals, an unlikely saviour is stepping in: their employer’s group health plan. These plans often bypass the hassles of pre-policy check-ups and pre-existing disease exclusions, though they come with their own set of risks and fine print. Also read: Senior healthcare crisis: Why insurance must cover more than…
Source: Live Mint Most policyholders—and even some professionals—overlook this critical fine print, assuming it’s a minor cost difference. But that assumption can cost you lakhs. Mint breaks down how this clause works, why it’s so dangerous, and how you can avoid financial shock. Also read: In charts | The health insurance puzzle: 83% Indians aware…
Source: Live Mint In the face of ever escalating household debt and economic challenges, families in India are re-analysing their financial goals and objectives. The focus has now shifted on building robust emergency funds with a renewed emphasis on planning things efficiently. Recent data underlines the significance of this financial preparedness. According to a recent…
Source: Live Mint As we approach Mother’s Day in 2025, our thoughts naturally turn to the incredible contributions and unwavering dedication of mothers. They are the cornerstones of our families, juggling multiple responsibilities and consistently putting the well-being of their loved ones first. While we celebrate their nurturing spirit and tireless efforts, it is crucial…
Source: Live Mint On Mother’s Day 2025, you can give a valuable financial gift to your mother. This would not only make her feel happy but would also offer financial security at the same time. These financial gifts could range from Public provident fund (PPF), fixed deposit (FD), ULIP and mutual fund SIP. Let us…
Source: Live Mint For him, using medical insurance for his mother’s treatment resulted in private investigators knocking at his door. In March, Kumawtt’s mother underwent an Ayurvedic treatment at a hospital in Bengaluru, Karnataka. Neither was it her first treatment at this hospital, nor her first claim, as two years ago her insurer had settled…
Source: Live Mint Lack of awareness is still the biggest stumbling block in insurance adoption in India, and around 47.6 per cent of Indians remain unaware of term insurance and its benefits, a new report has shown. Term insurance has grown by 18 per cent in FY24 across the industry as compared to a CAGR…
Source: Live Mint When you join a corporate job, generally your company provides you with a base health insurance plan. This health insurance plan provides a reasonable safety net for you and your colleagues. Still, it has been observed that the company offered health insurance plans often fall short in offering their employees comprehensive and…
Source: Live Mint When buying health insurance in India, it is good to know what the riders are so that your policy becomes more efficient and personalised as per your needs, aspirations and expectations. Also Read | Health insurance EMI: Key risks and considerations you should be aware of There are extra benefits tagged on…
