SUM INSURED
Types of car insurance plans you should know about India mandates third-party insurance (Motor Vehicles Act 1988). IRDAI sets premiums. Types: third-party liability, Own Damage, and Comprehensive insurance with extensive coverage including INR 15 lakh Personal Accident Cover and add-ons. Own Damage ...
09 Jul, 2024, 01.08 PM IST10 reasons why your health insurance claim can get rejected and how to avoid it Health insurance offers financial relief, but claim rejections can arise from incorrect info, waiting periods, non-disclosure, expired policies, missed documents, claim deadlines, intimation, sum insured limits, cashless treatments, network hospital...
09 Jul, 2024, 12.56 PM ISTWhat is the difference between deductible, co-payment in a health insurance policy If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the fifth part of this series, ET Wealth explains the difference between deductible and co-payment.
01 Jul, 2024, 06.30 AM IST- ADVERTISEMENT
Get Rs 10 lakh insurance policy at Rs 555 premium: New accidental insurance cover launched; know features, where to buy India Post Payments Bank (IPPB) has recently launched personal accident covers at an affordable premium. There are various variants of Health Plus and Xpress Health Plus. From coverage to premium to benefits — read all about the new accident covers ...
28 Jun, 2024, 04.23 PM ISTIs your medical claim stuck? Find out why you face problems in health insurance claim settlement and how to avoid them While health insurers can sometimes be blamed putting customers through unending hardship in clearing claims, many a times it’s the policyholder who is at fault. A significant portion of these health insurance claim rejections can be prevented by as...
25 Jun, 2024, 01.26 PM ISTInsurance basics: Know the difference between sum insured and sum assured If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the fourth part of this series, Riju Mehta explains the difference between sum insured and sum assured.
24 Jun, 2024, 06.30 AM IST6 questions to ask while buying a health insurance policy to avoid claim rejections later How to buy the right health insurance policy that will pay for your claims on time? You can avert claim rejections by asking the important questions at the time of buying health insurance and reading the policy details and fine print carefully. Ask ...
24 Jun, 2024, 06.30 AM ISTHigher refund on premature exit from life insurance policy as IRDAI introduces new surrender value rule; check how much you will get Life Insurance Policy Surrender Value Rule Changes: To curb mis-selling of life insurance plans, IRDAI has introduced a higher special surrender value for traditional endowment policies. Even if a policyholder exits a life insurance policy after the...
13 Jun, 2024, 09.03 PM ISTThe Life Insurance Rule: How much money will your family need if your income stops? Life insurance rule: A common rule of thumb for life insurance coverage is to have a life insurance policy that is at least 10 times your current income. This coverage should take into account any outstanding debts and loans you have. By following t...
13 Jun, 2024, 11.39 AM ISTI am a retired person; I have a health insurance cover of Rs 5 lakh. Should I get a super top-up health insurance plan? Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
12 Jun, 2024, 11.34 AM ISTMotor insurance rule change: No arbitrary claim rejection, quicker claim settlement, pay as you drive option must, says IRDAI Motor Insurance New Rules by IRDAI: The Insurance Regulatory and Development Authority of India (IRDAI) has updated the master circular clarifying important rules for motor insurance policyholders. The regulator has proposed the implementation of st...
12 Jun, 2024, 11.27 AM ISTWhat is personal accident insurance Personal accident insurance policy covers you against accidental death, injury and disability.
03 Jun, 2024, 06.30 AM ISTHealth insurance premiums can be reduced if you don’t make a claim, policy cancellations to be less costly and more: 5 rule changes Health insurance rule changes: To make health insurance policy more inclusive, flexible and customer-friendly, IRDAI has recently released a master circular on health insurance business. The regulator introduces new measures regarding cancellation c...
01 Jun, 2024, 12.49 PM ISTHealth insurance claim rule change: Cashless claims must be cleared in 3 hours; insurer to pay hospital charges for delay in discharge, says IRDAI Health insurance: The Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular to streamline health insurance claim process. Previously, delays in claim approvals forced patients to stay in hospitals longer. Now...
30 May, 2024, 02.31 PM ISTHealth insurance new rule: You will get full coverage during grace period even if premium is unpaid, mandates IRDAI New health insurance rule: To bring some much-needed relief to health insurance policyholders, Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular on Health Insurance Business. Typically, most health insura...
29 May, 2024, 09.51 PM ISTThis LIC life insurance policy launched in February 2024 was withdrawn on April 1: Check surrender rules LIC Dhan Vriddhi plan provides financial support for the family in case of unfortunate death of the life assured during the policy term. It also provides a guaranteed lump sum amount on the date of maturity to the life assured.
22 May, 2024, 11.34 AM ISTHealth insurance claim rejection: Widow fights, wins Rs 28 lakh damage; pre-existing disease can't be free pass for claim denial The Delhi State Consumer Commission ruled that an insurer cannot reject a health insurance claim solely based on pre-existing diseases if they weren't the cause of death. The commission directed HDFC Life (previously known as HDFC Standard LIC Co. L...
14 May, 2024, 01.50 PM ISTHDFC Ergo withdraws 3 health insurance policies: How will it impact policyholders? Will premiums increase? In a move impacting existing policyholders, HDFC Ergo discontinues its my:health Suraksha health insurance plans. The insurer will migrate customers to alternative policy. Key concerns for existing customers include changes in premiums, coverage det...
09 May, 2024, 01.32 PM ISTHow to select the right motor insurance cover: 8 points to consider Evaluate your coverage needs based on the type of vehicle and its usage. Determine whether you require basic third-party liability coverage or comprehensive coverage that includes protection against own damage, theft and natural calamities.
06 May, 2024, 06.30 AM ISTHDFC Ergo Paws n Claws pet insurance cover: Who can purchase, what is covered, what is not, premium, duration HDFC ERGO's Paws n Claws offers end-to-end pet care, encompassing everything from diagnostics to procedures and medications, guaranteeing thorough coverage. The cover extends the flexibility to insure up to 5 pets under a single policy, with a provi...
08 Apr, 2024, 04.39 PM IST