Think Rs 5 lakh health insurance is enough? Here's why only a Rs 1 crore health customised cover is likely to be sufficient
Medical inflation in India has consistently hovered at 13-14% annually—double the pace of general inflation and far beyond the wage growth for most Indians. Some years, it has surged as high as 20%. This is not a spike; it’s a trend. Having a minimum health cover of at least Rs 1 crore is essential in today's day and age.
Does your life insurance policy cover death due to war, terror attacks?
Life insurance policy exclusions: Many individuals do not read the life insurance policy exclusions at the time of buying. Not reading and knowing the exclusions can lead to rejection of claims when submitted. Read on to know if your life insurance policy covers death due to war, terror attacks and common life insurance policy exclusions.
Different types of life insurance
Life insurance in India offers diverse plans for varied needs. Term insurance provides cost-effective death benefits. Whole life insurance covers the policyholder's entire life and accumulates cash value. Endowment plans combine insurance with savings. ULIPs link insurance with market investments. Money-back plans offer periodic payouts. Retirement plans ensure post-retirement financial security. Child plans secure a child's future.
30-50% rise in mental health insurance claims, most claims for anxiety, depression: Study
Most claims are for anxiety and depression, reveals a recent study on mental health insurance by Policybazaar.
Mental health insurance problems continue: 5 things to check before buying a cover
Even as mental health-related claims have increased in the past few years, problems continue in acquiring an adequate plan catering to the specific needs of mental illnesses.
