Choosing the right travel insurance for a trip to Malaysia
Recreational travel insurance ensures a safe trip in Malaysia by covering medical emergencies, cancellations, lost baggage, and adventure activities. It's vital to compare policies, understand covers, exceptions, and claim procedures. Online purchases save time and help find better offers, enhancing the travel experience without worries.
When will your insurer not cover claims under your third-party motor insurance?
Driving in India without third-party (TP) insurance is illegal and can result in financial burdens if caught without a valid policy. However, even when you have a TP cover, there may be instances where your TP insurer may refuse to cover damages and injuries caused to third parties by the insured vehicle. Read on to learn more about such conditions, the recourses available and the number of times you can avail yourself of third-party motor insurance.
Is it possible to claim health insurance from multiple companies?
In India, people can purchase health insurance from multiple companies to ensure comprehensive coverage. Policyholders need to inform all insurers about their existing policies and submit the necessary documents for claims. Seeking professional advice is recommended to manage multiple policies effectively while addressing potential complications.
Maximum is not always ideal; how long should my term insurance's tenure be?
While buying life insurance, align the policy term with your financial goals, such as your child's education and retirement planning, since overestimating the duration might lead to higher premium payouts. Read on to know how you can decide on the optimum tenure for your life insurance policy, so that you can create a solid corpus.
Should you go for a medical test before buying a health insurance policy?
Health insurance claims may be rejected if pre-existing conditions are not disclosed. But sometimes, even the policyholder may not be aware of pre-existing ailments they may be suffering from. To prevent this, it is better that one undergoes pre-policy medical tests, though many insurers do not mandate them. Know more about how pre-policy medical checkups can possibly help avoid claim rejections.
