There may be various reasons why an insurance company may reject your claim. Sometimes this rejection is valid since such a claim is specifically excluded in the policy document. While these exclusions vary from company to company, based on our experience of dealing with consumer complaints, we have prepared an extensive checklist of some basic […]
Should you go for Premium Back Term Plan?
Generally, people buy insurance for the most three reasons; to save tax, as an investment getting a good return on their money and the third- and perhaps most important – reason to buy insurance is to let their family be financially secured if they die. This is the only reason anything should be insured. The […]
Is your Company Group Health Insurance Cover enough?
Since you are a salaried person, then in all probabilities you must be having your employer’s health insurance plan which must be covering you, your spouse, children and parents or some of them. Is Rs. 5 lakhs cover enough or it should be Rs. 10 lakhs?, will it help you in retirement, do you know […]
Review of Tata AIA Life Insurance Suraksha Kosh
Tata AIA Life presents a comprehensive health and life protection solution, Tata AIA Life Insurance Suraksha Kosh, a non participating unit linked endowment Insurance plan that provides, not just life but adequate protection for one’s financial goals against the “Risk of living post a major illness or surgery” . It is a plan with inbuilt […]
Getting know-how about Pension plans or annuities
Simply put, pension plans or retirement plans are offered by insurance companies to help individuals build a retirement corpus. On maturity this corpus is invested for generating a regular income stream, which is referred to as pension or annuity. Pension plans are distinct from life insurance plans, which are taken to cover risk in case […]
Change Attitude towards your Financial Life!
Overview Most people go around in circles when it comes to their financial life. They are unable to crack the code that will make them financially successful. They are frantically seeking out right secondary source of income; they are busy searching for the financial right products which could give the highest returns in the short […]
Financial Planning: I have already done it!
Misconception demystify Most of the people believe that once they have invested their savings in variety of financial products like FDs, insurance, mutual funds, equity, real estate etc. for future, their task is over. In addition some pre-conceived notions that the company where they work would take care of their family in uncertain times and […]
How to get prepared for Emergency Fund?
In your daily financial life, you never expect the unexpected emergency situations. Emergency situations – When something unexpected event comes up in the form of job loss, significant medical expenses, home or auto repairs etc. Suddenly there can also be some trip, some eating out, some expenses related to the kids school or something you’ve […]