7 Key concepts of Health Insurance
Health Insurance
Recently, one of my close friend’s mother had cardiac arrest and she had to be immediately admitted in nearby star hospital. At the time of admission, hospital asked to deposit huge amount even before admitting her. My friend was not in that position to deposit that amount. That’s when he called me & asked for some monetary help. Needless to say that I helped him. But, later after her mother was operated & discharged, I asked him one day as don’t you have health insurance for you & your parents? That’s when I learnt that he had landed in soup by buying health insurance policy, which didn’t helped him in the need of the hour. Read More…
Calculating insurance requirement
Recently, my colleague asked me how much insurance cover was good enough for him and his family. His agent was recommending exorbitant insurance cover to him and he was worried that whether that recommendation was correct or not. That’s when I thought that there should be a kind of scientific method to arrive at the required insurance cover for an individual. And this is what I found.
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Car Insurance Myths
Does insurance for red cars cost more? Should you and your friend pay same premium amount for cars bought in same year? To help you get maximum mileage out of your car insurance policy, we are hereby debunking the most prevalent car insurance myths
Myth: Red cars cost more to insure.
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Myth: Red cars cost more to insure.
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Decoded – Insurance Deductible
What is Insurance Deductible?
Basically, a deductible is the amount deducted from insurance claims by insurance company and it represents a risk between insurance company and policy holder. A deductible can be fixed amount or it can be percentage of insurance amount of a policy. Broadly speaking, the higher the deductible amount, the lower will be your insurance premium. The details about deductible amount can be found in declarations page of insurance policies. Read More…
Basically, a deductible is the amount deducted from insurance claims by insurance company and it represents a risk between insurance company and policy holder. A deductible can be fixed amount or it can be percentage of insurance amount of a policy. Broadly speaking, the higher the deductible amount, the lower will be your insurance premium. The details about deductible amount can be found in declarations page of insurance policies. Read More…
History of insurance
I was talking to my insurance agent for renewing my car insurance. This is when my 10 year old kid asked, “Dad, what is insurance and why do we need it?” After my call, I explained to him that this is to cover risk in case, any unforeseen event occurs. Again, my kiddo asked out of curiosity as usual that who started it? This is when I started scratching my almost bald head. I immediately googled it & learned how it started & why it started and explained to my son. What I learned was bit surprising for me as well. Read More…
Speciality Insurance
What is Specialty Insurance?
Whether you want to insure your beautiful smile, insure your wedding, mega concert you are organizing or prized cruise you own, there is an insurance product for you. This type of insurance policy goes beyond the usual products as it covers far more difficult & unusual risks. Particularly, specialty insurance covers exclusive, expensive or rare events. Individuals, companies or businesses buy specialty insurance to provide cover against financial risks & loss. Read More…
Whether you want to insure your beautiful smile, insure your wedding, mega concert you are organizing or prized cruise you own, there is an insurance product for you. This type of insurance policy goes beyond the usual products as it covers far more difficult & unusual risks. Particularly, specialty insurance covers exclusive, expensive or rare events. Individuals, companies or businesses buy specialty insurance to provide cover against financial risks & loss. Read More…