How critical illness cover with health insurance differs from that with life insurance
With rising cost of healthcare, especially related to critical illnesses, having enough insurance cover is crucial. This is where critical illness insurance comes in. You can buy a critical illness cover with both life and health policies, here's how.
Irdai’s Saral cover to heat up term insurance market
The term protection market in the life insurance industry is set to heat up with insurers readying to launch Saral — a standard term policy that has been designed by the regulator, where insurers are expected to compete on price.
When choosing a health insurance plan, get answers to these two questions
If you are considering buying a health insurance policy to cover the medical expenses of your loved ones and yourself, one option that you have is a family floater plan. Will this suffice? What should guide your decision? Read to know about the two key decisions that you need to take and how.
More mediclaim buyers use EMIs to buy policies
Most people opting for EMI mode are new-to-insurance customers. “As high as 40-45% in the EMI segment are first-time buyers. About 40% opt for health coverage of Rs 5-10 lakh, and another 40% opt for the Rs 25 lakh-Rs 1 crore sum insured,” said Policybazaar business head (health) Amit Chabra.
Does everyone need a life insurance policy?
The insurance decisions one makes have long-term consequences. Therefore, one must evaluate all the options before commiting to these. One must assess the costs attached to insurance while deciding on the type and size of the cover.
