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Alok Dwivedi
Kattu, the only earning member of his family, met with an accident last year and couldn't survive. As he was the only source of income, his family was not able to make the EMI payments of his home l
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Home loan is usually one the biggest liabilities of anybody's life which often becomes a huge burden for dependents in case of any mishap with the borrower. If the dependents of the borrower are not able to pay back the
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<p>India is one of the least health administered countries of the world with just about 15 per cent of the population being insured, overwhelming majority of which is concentrated in urban areas. However, this mark
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If you’ve forgotten to pay the insurance premium on time and your policy has outlived the revival period, don’t fret. There are various ways to choose from to revive a lapsed insurance policy
Buying
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Personal accident (PA) insurance functions on the principle of securing tomorrow. If you take individual PA policy for yourself or a group policy for your family, the plan provides to protect you and your family anywhere
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It is prudent to have health insurance. But how much health cover is adequate? While there would be variations depending on the health condition, family medical history, etc., the rule of thumb is that five times age in
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As life is full of uncertainties, one is always prone to risk. Hence the importance of insurance plan. Since the main objective of any insurance plan is to secure the future of the family in case of any unfortunate occur
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To ensure easy settlement of claim, it’s important that the particulars and other formalities are complete in all respects
Securing a hassle-free claim by the nominee or assignee after the demise of the insured is
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Alok Dwivedi
It is a truism that life is full of uncertainties. Critical illness, accident or disability can happen to anyone. Such incidents not only hamper life but can also destabilize the living standard of
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It is time investors planned methodically for their old age. Change in NPS norms will be helpful for them
Alok Dwivedi
Whether it is lack of financial literacy or any other reason, most of us often confuse retirement p
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It is more beneficial and certainly cheaper than individual cover, though there are some drawbacks as well. MM Bureau throws light on the subject
Group insurance schemes are steadily gaining popularity in India with m
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While under assignment full rights to deal with an insurance policy are assigned to another individual, under nomination a policyholder can nominate anyone depending on his choice to transfer death benefits
One of my re
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There are scores of health insurance plans available in the market, but it is very important to pick the one that suits your requirements. Tips for the right choice:
Have you ever you sat with your family and sifted t
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Online insurance policies are the ones which can be bought directly from the seller (the insurance company) using the internet, without the involvement of any agent.
In a recent move, the Insurance Regulatory Developm
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There are various insurance covers available in the market for people with special needs who are dependent on others
It is a statistic we may like to overlook but can’t. As per the reports of World Health Organization
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Sir, I have purchased a flat in Noida under the down payment option. It is under construction and I will get its possession in the year 2012. I took a home loan from HDFC for the same. I am paying an installment of Rs 52
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After a lot of persuasion you decided to take a term life insurance. Your agent helped you fill the form - and then came the bombshell. You had to go for a detailed medical examination. The whole work had to be done - bl
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When you shop around for life insurance, you will have a lot of questions -from basic and simple ones to the more complicated ones. Let us look at some of the questions!
Do I need life insurance at all?
Life insurance
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LIC has launched a medical insurance plan Jeevan Arogya recently. This scheme is different from mediclaim. In mediclaim, there is the provision of reimbursement of actual expenses subjec
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I have a few things like watch, paintings, utensils etc. which is given to me by my forefathers and are priceless. I want to insure these valuables. Will the insurance company provide cover for the same? As these are
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Sir, I had bought health insurance cover from Oriental Insurance five years back. Recently, I underwent a surgery, which I had intimated to the insurance company well in advance. After the surgery, the company denied the
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Do you know the meaning of mis-selling? Some of you would say yes and maybe a few would say no. But I am sure about one thing, most of you would have been a victim of mis-selling in one way or the other. Mis-selling is a
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Sir, I had taken a health insurance policy from a private insurer last year. In order to renew the policy, I have been asked to pay a higher premium as I have moved to the age group of 40-plus. This was not told to me be
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I need to insure my mobile (worth Rs 15000), cycle (Rs 4000) and laptop (Rs 25000). I approached a couple of insurers and they are not taking interest in insuring them. The fact is that I keep losing them because of thef
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Living with diabetes can still be sweet. Gone are the days when medical insurance providers used to keep themselves away from providing covers to diabetic patients. No matter diabetes pre-exists or not, today (though a h
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Alok Dwivedi
With insurance penetration level still less than two per cent, Indian insurance industry is still in nascent stage. But to cater to the needs of specific groups, insurance companies are coming up with niche
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Q1. One of my friends bought endowment policy of LIC for a ten-year period. He paid premium continuously for three years and after that stopped making payments. He wants his money back. What is the procedure for getting
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Q1. Three years back, I took a health cover for my 17-year-old daughter. She went to New Zealand this year for higher studies and met with an accident there. When I claimed money for my daughter's treatment, the insuranc
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Q1. Sir I have a money back policy of LIC, I want my money to come directly in my bank account through ECS. What are the documents needed for this?
-Shanta, Pashchimpuri.
Insurance com pany in their intimation letter w
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Have you wondered how the life insurance quote given to you and your wife are so different even though she is just 4 years younger to you?
Welcome to the world of personal life insurance!
The deciding factors
When you
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Q1. Sir, I am a regular reader of your column in Money Mantra. After going through your column, I felt the need of term insurance and health insurance policy for me and my family. I live in Delhi with my spouse, one kid
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Trying to save money is such a great idea that one tends to try to do it in every sphere! After all money is time, is it not? If you can save some money and invest it somewhere, it means you can retire early (so have mor
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Popularity of insurance is on the rise. People opt for it to be on a safer side in case of an unhappening. Insurance companies are always more than eager to sell their plans to customers. But there are also situations wh
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Harshita (name changed), a housewife, hit a jackpot of Rs 60,000 when last week she was trying her luck in an online gambling site. "I have never been to any casino. I didn't know anything about gambling. I just cam
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Festive mood has engulfed the human senses as Diwali is inching nearer. 'Happy Diwali' and 'Happy and Safe Diwali' greetings will start doing the rounds soon. The word 'safe' is of paramount importance during the Diwali
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Q1. My employer has provided me health insurance policy but no major hospital of my area is in the list of insurance company. Should I cancel the health insurance plan provided by employer and buy another health cover?
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The deadlock over the suspension of cashless facilities still continues. Be it policyholders or insurers, they have been in trouble during this whole process. Policyholders have been facing various problems in treatment,
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1) My father had subscribed to a life insurance cover worth Rs 20 lakhs. It was plain insurance policy with no added benefits. He was paying the premium regularly for the last 3 years. One sad day, he didn't wake
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It sounds quite funny that the Indian population does not get good quality of financial advice at a time when there are so many advisors! This happens because the average Indian who wants to invest money is not too keen
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In the past we have seen how much life insurance to buy and why in most cases it makes sense to buy Term life insurance. Let us now look at the process of buying life insurance. Today for the savvy life insurance buyer
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1) Sir, I was in a mood to buy a medical insurance cover. Since I stay in Delhi, I was looking for a cashless one, which could cover me (41), my wife (36) and two kids (12 & 8 years). The confusion over cashless medi
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Many readers, friends and clients regularly ask for "How much will my investment become in 18 years?" Or the question is "If I have to send my son/daughter abroad 15 years from now, how much should be my S
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In the financial world, 'smart' is nothing but the art of getting maximum by paying the minimum. The theory applies to insurance premium also. A smart cover could be one which gives maximum benefits by paying lesser prem
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Women had been donning the role of homemaker since ages. In the early days, insurance was the prerogative of males only as they were considered the bread winners of the family. For this reason, insurance cover against th
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