LIC introduces a new plan named Jeevan Utsav; all you need to know

Life Insurance Corporation of India (LIC) has introduced a novel plan encompassing individual savings and whole life insurance. The plan is called LIC’s Jeevan Utsav with effect from November 29, 2023. This plan is non-linked and non-participating, offering extensive life insurance coverage throughout one’s lifetime.

LIC Jeevan Utsav Insurance Plan 2023 Launched; Get 10% Of Sum Assured Life Long

LIC Jeevan Utsav insurance plan will provide assured returns and after maturity, the policyholder will get 10 percent of the sum assured life long.

75% of health insurance claims rejected; here’s how to avoid rejection

Having health insurance is crucial for ensuring financial protection in case of medical emergencies. However, it is disheartening to know that a majority of claims get rejected by insurance companies.

How to enhance your health insurance cover with top-up and super top-up policy? MintGenie explains

Consider this scenario: Did you buy a health insurance cover of Rs. 3 – 5 lakhs for your family a few years back? At that time, the cover amount would have been adequate, but not today. Consider another scenario: Your employer provides you a health insurance cover of Rs. 3 – 5 lakhs for your family, or you are covered for a similar amount under a State Government health insurance scheme. 

24-hour hospitalisation not required for claiming insurance in these scenarios

Even treatments that require less than 24-hour can qualify as day-care treatments and are thus eligible for health insurance coverage. Read to know what's included and what's not.

World Savings Day : Why savings is necessary?

Today (30th October) is World Savings Day, A Special Day which re-emphasizes the importance of savings in our day to day life. Right from our childhood, We have been taught that "A Penny Saved is A Penny Earned'. The Phrase highlights the importance of savings which is an proven way for Financial Success.

7 key tips to save money on health insurance premiums

To chart out a personal finance strategy without factoring in unexpected medical expenses is practically impossible in today’s world. It wasn’t too long ago when the world experienced an unparalleled health crisis in the form of a deadly pandemic, the after-effects of which can still be felt with long-term health issues. On top of that, the cost of healthcare is rising across the world.

This Dussehra, use this method to boost your health insurance

While financial planners plan for retirement, education, marriage, home purchase, travel, etc., they generally miss out on one of the most important life goals – the physical survival goal. Here is how it can be remedied.

Health Insurance Buying: Avoid These Costly Mistakes When Taking A Policy

Buying health insurance can be a complex process, but it’s important to get it right. By avoiding the common mistakes, you can choose the best health insurance policy for your needs and budget.

6 key points to check before buying health insurance for senior citizens

Here are some key points to consider before purchasing health insurance policies for senior citizens

GST refund on premiums makes term insurance more attractive for NRIs

The 18 percent refund should sweeten the deal for expat Indians seeking to secure their families back home.

Why You Should Consider Getting Health Insurance in Your 30s and 40s

Health insurance is one of the most critical investments you can make keeping in mind the rising medical costs in the country. Getting a health insurance policy at an early age helps in better financial planning. This is because health insurance helps in saving taxes and provides financial assistance for medical expenses.

Health insurance policy for the elderly: How to choose the right one

Rising healthcare costs and inflation are making it increasingly important for senior citizens o have health insurance. As we age, our bodies become more vulnerable to diseases and lifestyle disorders, which can lead to unexpected medical expenses.

NRI? Here’s how you can save tax on health insurance with GST refund!

To qualify for GST refunds on health insurance, the proposer must be a Non-Resident Indian.

Health insurance claim rejected? Here is what you can do to get it approved

There are a number of reasons why a health insurance claim gets rejected. Policyholders can take a few measures to get the claim approved.

Loan Against Insurance Policy: Know maximum loan amount you can get against your LIC policy

A loan against insurance policy can be helpful during emergencies as it offers considerably higher loan value at comparatively lower interest rates. Many LIC policies come with a loan facility and the loan amount is based on the surrender value of the policy.

A comprehensive guide to reimbursement claims in health insurance

Understanding the reimbursement process and adhering to the necessary steps and documentation requirements is essential for a smooth and successful reimbursement claim experience.

From fire to floods – Why home insurance is something you should not ignore

Scary as it may sound, with climate change now a reality, all our cities are likely to experience devastating floods. We have seen it in Mumbai, in Chennai, in Bangalore, and very recently in Himachal and Uttarakhand. Let us take the case of Mumbai.