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Source: Live Mint Travel credit cards, along with special reward points and deals, provide insurance coverage for travel related emergencies. These cards are accompanied with a variety of benefits like compensation for trip cancellations, flight delays, medical emergencies etc. The coverage amount and benefits will however depend on your card variant as well as the…
Source: Live Mint India is on the brink of a demographic shift redefining its healthcare landscape. With an estimated 140 million elderly citizens today—projected to rise to 350 million by 2050—the need for comprehensive senior healthcare has never been more pressing. While longevity is a testament to medical advancements and improved living conditions, it also…
Source: Live Mint MUMBAI : Traditional insurance policies have a fixed maturity period. Until these policies mature, policyholders cannot withdraw funds. However, if you are facing a temporary cash crunch and don’t want to surrender your policy, a loan against it can be an option. Here is a look at how it works and why…
Source: Live Mint A woman’s financial journey is much like building a bridge over a river. She carefully lays each plank—education, career, savings, and investments—creating a strong path toward her goals. But what happens if an unexpected storm washes away a section of that bridge? Life insurance acts as the invisible support beneath, ensuring that…
Source: Live Mint In India, where car ownership is now becoming the norm, it is helpful to know about the variables that influence car insurance premiums in order to be able to manage your finances in the best possible way. While everyone knows about variables such as the make of the vehicle, age of the…
Source: Live Mint In a recent Ombudsman ruling concerning litigation with an insurer, my claim was limited to 25% based on the policy’s terms and conditions for Bevacizumab used in my cancer treatment under ‘coverage for modern treatment or procedures.’ I am seeking clarification on how the term ‘modern’ is defined in this context? Is…
Source: Live Mint Health insurance is essential for financial security in times of medical emergencies. However, rising premium costs can be a burden. Fortunately, there are smart ways to lower your health insurance premium without compromising on coverage. By making informed choices, you can ensure affordability while still getting the protection you need. Here are…
Source: Live Mint Life Insurance Corporation has rolled out LIC New Smart Pension Plan. It is a non-participating, non-linked, individual, savings, immediate annuity plan. This is a single premium immediate annuity plan. The official website of the state insurer – last updated on Feb 18 – specifies that the plan offer a wide range of…
Source: Live Mint Insurance regulator IRDAI has allowed one time mandate for blocking the amount towards premium through unified payments interface (UPI mandate) for issuance of life and health insurance policies. This facility — known as Bima-ASBA (applications supported by blocked amount) — transfer of money from a prospective policyholder to the insurer will take…
Source: Live Mint Union Finance Minister Nirmala Sitharaman has asked the insurance companies to increase the free look period to one year, compared to its current level of one month, according to a CNBC-TV18 report on Monday, February 17. According to the report, Nirmala Sitharaman also said that the committee has finished the internal consultation…
