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Importance of health insurance for a sound heart health

Importance of health insurance for a sound heart health

In today’s fast-paced life, irrespective of how hectic our schedules are, we should take the time to focus on our lifestyle choices that ultimately affect our health, especially heart health.

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The best insurance policy for a senior citizen: Personal policy or employer’s group policy?
28/09/2022 moneycontrol

The best insurance policy for a senior citizen: Personal policy or employer’s group policy?

Employer-offered group insurance policies don’t have waiting periods. This means your senior citizen parents, if they are enrolled here, are covered from Day 1. But a personal insurance policy is lifelong renewable, irrespective of your claim history. It doesn’t stop the day you leave your employer.

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LIC policy: Legal heirs have no right to seek plan and nominee details of the policyholder – CIC order

LIC policy: Legal heirs have no right to seek plan and nominee details of the policyholder – CIC order

The Commission observed that just because the appellant is the legal heir of his deceased father does not give him the right to receive the requested information.

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Life insurance rule : Minimum sum assured an investore need - Explained
24/09/2022 mint

Life insurance rule : Minimum sum assured an investore need - Explained

Life insurance rule: One should opt for a life insurance that offers minimum sum assured to the tune of 8 to 10 times one's annual income.

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How OPD cover ensures enhanced protection in your health insurance cover
23/09/2022 moneycontrol

How OPD cover ensures enhanced protection in your health insurance cover

With the rise in health emergencies and increase in medical costs, an OPD cover that pays for non-hospitalisation-related medical expenses, can prove to be a valuable addition to your health insurance plan.

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All you need to know about investing in a right cancer insurance plan

All you need to know about investing in a right cancer insurance plan

Cancer plans are defined benefit plans that cover various type of cancer. These plans provide better coverage and features as compared to a critical illness plan.

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Health Insurance: Know why insurance companies reject claims and how to avoid claim rejections

Health Insurance: Know why insurance companies reject claims and how to avoid claim rejections

The sole aim of taking a health insurance plan is either to avail the benefit of cashless hospitalisation or to get the amount paid during hospitalisation reimbursed.

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Missed declaring your health condition while buying an insurance policy? Here’s what you can do
20/09/2022 Money Control

Missed declaring your health condition while buying an insurance policy? Here’s what you can do

Don’t expect leniency from your insurance company on pre-existing disease disclosures at policy renewal. Consider porting to a new insurer after declaring your health conditions.

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LIC’s New Pension Plus: Know the options of investment funds to select the best suited one

LIC’s New Pension Plus: Know the options of investment funds to select the best suited one

Like the NPS, LIC’s New Pension Plus (NPP) also has different investment funds, from which a policyholder has to choose the one that would best suit him/her.

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Health Insurance: Never forget to do THIS if you have multiple policies - Know how to make claims from both
13/09/2022 Zee Business

Health Insurance: Never forget to do THIS if you have multiple policies - Know how to make claims from both

In order to do so, one needs to make sure that he or she shares details about any existing policy while buying another health insurance.

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Life insurance: Steps to ensure your claim is not rejected

Life insurance: Steps to ensure your claim is not rejected

The claim settlement ratio of private insurers was 97.02% in 2020-21 as compared with 97.18% in 2019-20.

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Got multiple health insurance policies? Here’s how to make claims from both
08/09/2022 moneycontrol

Got multiple health insurance policies? Here’s how to make claims from both

If you have one insurance policy provided by your employer and another as a personal cover, it’s best to use the office-provided cover first. That’s the easier of the two to claim reimbursements from.

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LIC of India introduces New Pension Plus – an NPS alternative with additional benefits

LIC of India introduces New Pension Plus – an NPS alternative with additional benefits

The Life Insurance Corporation (LIC) of India has introduced New Pension Plan (NPP) – a non-participating, unit linked, individual pension plan – that may be used by individuals to build corpus by systematic and disciplined savings, which can be converted into regular income as annuity on retirement or even as early as 35 years of age.

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Do you really need a Rs 1-crore health insurance cover?
06/09/2022 Money Control

Do you really need a Rs 1-crore health insurance cover?

Don’t just get attracted to an optically large figure of Rs 1 crore for a health insurance cover. Before purchasing such a policy, make sure you have understood its limitations well.

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How does a co-pay work in health insurance? Here’s all you need to know

How does a co-pay work in health insurance? Here’s all you need to know

It is imperative to understand each and every clause in the health insurance policy in order to take an informed decision. One such clause in health insurance is co-payment.

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Critical illnesses: Should you opt for a separate medical insurance policy? Let's find out
05/09/2022 mintgenie

Critical illnesses: Should you opt for a separate medical insurance policy? Let's find out

When medical expenses have been skyrocketing, it is indispensable for policy holders to opt for medical insurance policies of an optimum amount. Even this won’t suffice. A medical insurance policy could fall short of the actual medical expenses in case of a serious illness known as ‘critical illness’ in the context of insurance.

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Term Insurance Plan under MWP Act: How to buy and why it is important – Experts explain

Term Insurance Plan under MWP Act: How to buy and why it is important – Experts explain

Buying a term plan under MWP is important as the proceeds of the policy will only go to the beneficiaries and no one else.

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No claim bonus to critical illness: Key term life and health insurance riders you should know
30/08/2022 CNBCTV18

No claim bonus to critical illness: Key term life and health insurance riders you should know

Insurers give an option to policyholders to customise their term and health insurance cover with add-ons, also known as ‘riders,’ based on specific needs and requirements of the policyholders.

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Importance of Term Insurance at Different Stages of Life
30/08/2022 Hindustan Times

Importance of Term Insurance at Different Stages of Life

Financial well-being is a basic life necessity. With life being uncertain, your sudden demise can bring your family’s financial well-being to a standstill.

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Can you file health insurance claims from two different insurers?
30/08/2022 mint

Can you file health insurance claims from two different insurers?

Once you have exhausted the sum insured under one policy, you may opt to claim the balance amount from the other policy

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From investment to protection: How Life Insurance trends are changing in India

From investment to protection: How Life Insurance trends are changing in India

Customer perception towards life insurance has changed tremendously. People have become more aware after the pandemic.

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How to Choose the Amount of Coverage You Need for Term Insurance
26/08/2022 mid.day

How to Choose the Amount of Coverage You Need for Term Insurance

Human existence is unpredictable, and the loss of the family's primary breadwinner can cause significant upheaval in the family's daily lives. A term plan is a great way to create a safety net for your finances if such a situation arises.

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Buying insurance? Keep these few tips in mind
24/08/2022 ET Now

Buying insurance? Keep these few tips in mind

​One of the most important factors while choosing the insurer is knowing the company’s claim settlement ratio. The claim settlement ratio is a measurement used for assessing the reliability of the insurance company in terms of paying the claims. It also helps in understanding the overall performance of the company.

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Married women’s property act: Gift your wife an exclusive term insurance policy

Married women’s property act: Gift your wife an exclusive term insurance policy

In this, the claim amount will go to them only and no creditor of any outstanding loan of yours can stake claim to the proceeds after your demise.

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Term Insurance: The critical missing piece in your financial planning

Term Insurance: The critical missing piece in your financial planning

With nuclear family system becoming the usual order in India, it is paramount to protect your family from risks and perils.

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Why homemakers also need a term insurance plan?

Why homemakers also need a term insurance plan?

Term insurance plans cover pure risk and provide a substantial life insurance cover for a nominal amount. In the industry, these plans are commonly positioned as a safeguard for the breadwinner of the family against life’s unfortunate circumstances such as death or disability.

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LIC launches special campaign for policyholders to revive lapsed policies
17/08/2022 mint

LIC launches special campaign for policyholders to revive lapsed policies

LIC gives a unique opportunity for policyholders to revive their lapsed policies,’ the insurance behemoth tweeted.

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