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Your first SIP is important. Just make sure it doesn’t come before your first four foundations. (AI image) Most investing problems don’t start with the funds you pick; they start with the life problems you ignore.People ask, “Which is the best mutual fund for SIP?” Far fewer ask, “Is my life ready for investing?” As…
SBI General Insurance has launched its flagship retail health insurance product – ‘Health Alpha’. The product offers up to 10x cumulative bonus, unlimited sum insured, endless sum insured, and cover for gym and sports injuries, among other benefits. The product provides a wide range of sum insured options, ranging from ₹5 lakh to unlimited sum…
“I had undergone a precautionary heart scan in 2006. Nothing significant came up in the report and no treatment ever happened. I happened to mention it to the treating doctor when I got hospitalised in May 2023 for an open heart surgery. The insurer rejected my claim [for the surgery] and cancelled the policy saying…
Insurance intermediaries such as agents and brokers may see a hit to their commissions as insurers face pressure to pass on the full benefit of the recent GST (goods and services tax) cut to consumers. From 22 September, GST on individual life and health insurance policies was reduced to zero from 18%, but the removal…
A comprehensive health insurance plan that covers the entire gamut of treatments is something that customers look forward to while buying a policy. Now, Galaxy Health Insurance Company, offers coverage for a whole host of treatments from surrogacy, oocyte donor expenses and organ transplantation—all under its ‘Galaxy Promise Signature’ plan. There will be no change…
If you are planning to buy a health insurance policy for yourself or your family, apart from the regular check-lists of ‘must-have’ options, you should choose a plan that offers restoration benefits. With the surge in medical inflation, the availability of restoration benefits in a policy can become a shield against astronomical medical bills. Restoration…
Take the case of Kolkata-based Sabita Mukherjea, who had been hospitalized due to a respiratory tract infection. “First, the insurer did not approve the cashless claim and later rejected the reimbursement claim saying hospitalisation was not necessary. I had paid more than seven premiums in the policy,” Mukherjea said. However, as per the moratorium clause…
Health insurers are getting innovative and are offering jumbo benefits to customers. After ICICI Lombard’s ‘Elevate’ that offers infinite sum insured, 100% cumulative bonus and unlimited restoration benefits and Star Health Insurance’s ‘Super Star’ that provides similar benefits along with the option to lock in your age at entry, wherein premiums are fixed at the…
