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Insurance

When a student opts for travel insurance from their home country before travelling, they receive comprehensive coverage that includes both medical and travel insurance.
Updated : Sep 13, 2023

Should students purchase travel insurance in their home country or from the university abroad?

Experts say students who opt for travel insurance from their home country before travelling receive comprehensive coverage that includes both medical and travel insurance

A health insurance plan usually renews annually and includes a lifetime renewal guarantee as long as you pay the premiums on time.
Updated : Sep 05, 2023

Can I get my health insurance premiums back after paying insurer for more than 10 years?

In this edition of Ask Money Today, find out all about health insurance plans and the treatment of premiums

What happens to an NRI’s life insurance policy if they become a foreign citizen?
Updated : Aug 31, 2023

What happens to an NRI’s life insurance policy if they become a foreign citizen?

There is some good news on this front but one must remember to keep the insurer informed of the changed status

While buying the critical illness rider, policyholders need to pay a certain amount apart from their term insurance premiums.
Updated : Aug 08, 2023

Does your term insurance cover coma and its aftermath?

It is important to have a critical illness rider that covers this situation

For a comprehensive understanding, let’s first comprehend the correlation between vehicle safety and insurance premiums.
Updated : Aug 29, 2023

Will Bharat NCAP programme be a game-changer in lowering car insurance premiums?

Insurers may consider the Bharat NCAP ratings as a reference in determining premium costs, acknowledging that safer vehicles pose fewer risks

Starting early allows your policy more time to accumulate cash value, offering potential financial gains in the future.
Updated : Aug 28, 2023

We are a newly married couple in our mid-20s. How early should we buy life insurance?

In this edition of Ask Money Today, read about how you can plan your future savings

India, a country with a population exceeding 1.3 billion, is home to 138 million senior citizens, as per the latest Census records.
Updated : Aug 25, 2023

Insurtech firm Plum finds a healthcare paradox: Only 2% of senior citizens have health insurance in India

The senior citizen cohort is expected to surge to around 194 million by 2031

Significant changes have been made, including reducing the minimum capital requirement for FRBs from Rs 100 Crore to Rs 50 Crore, streamlining the order of preference from six to four levels, and simplifying reinsurance programs.
Updated : Aug 25, 2023

Irdai approves amendments to boost Indian reinsurance sector, cuts capital for FRBs to Rs 50 Crore. Here’s what it means

This regulatory overhaul strategically positions India as a vital global reinsurance hub.

A comprehensive pet insurance policy provides an array of coverages like surgery expenses cover including pre/post-surgery expenses, hospitalisation coverage, etc.
Updated : Aug 25, 2023

I have a Labrador and a Persian cat. Will pet insurance cover hospitalisation in case of an emergency?

In this edition of Ask Money Today, read about what pet insurance covers and what it doesn't

A health insurance policy is a contract between yourself and the insurer. You can make no deductions unless they are specified in the contract.
Updated : Aug 21, 2023

Is my cashless health insurance policy vulnerable to hidden hospital costs?

In this edition of Ask Money Today, find out what is covered by your policy and what is not

There are several health insurance policies available which offer coverage on a floater basis for the entire family.
Updated : Aug 21, 2023

I am the lone earner in my family. I keep on travelling for work. What insurance plans should I buy?

In this edition of Ask Money Today, find out about the different insurance plans available

Insurers blacklist hospitals involved in fraudulent activities, where they collaborate with clients to provide fake documents and bills.
Updated : Aug 18, 2023

I met with an accident. My claim got rejected because I was admitted to a blacklisted hospital. What can I do?

In this edition of Ask Money Today, find out what you can do if your insurer rejects your claim

Joint life insurance plans are more popular among married couples since they reduce costs compared to buying two individual policies and simplify policy management.
Updated : Aug 17, 2023

What happens to your life insurance policy after divorce? Here is what you should do

The most important thing to do is to inform your insurer about the change

Critical Illnesses are often unforeseen, and you can opt for an insurance cover that either has an in-built critical insurance cover or can be purchased as an add-on based on your and your family's needs.
Updated : Aug 16, 2023

I’m 40. How much term insurance cover should I have?

In this edition of Ask Money Today, read about critical illness coverage and how you can protect yourself

It's important to note that the installment option provided by an insurer differs from the payment installment alternative that you might select using a credit card or other third-party payment system to pay your health insurance premium.
Updated : Aug 16, 2023

Can I pay my health insurance premium in EMI?

Several insurers provide this option now, and some say the demand is quite high

This Independence Day, let us help you navigate through insurance policies that must be a part of your portfolio to achieve financial freedom
Updated : Aug 14, 2023

Wondering about the right insurance coverage to suit your needs? Here’s all you need to know

This Independence Day, let us help you navigate through insurance policies that must be a part of your portfolio to achieve financial freedom.

Some insurers may offer coverage for the pre-existing condition, while others may not, depending on the policy exclusions and/or their underwriting policy.
Updated : Aug 11, 2023

I’m 40 and have a family history of diabetes. How much term insurance coverage can I get?

In this edition of Ask Money Today, read about critical illness coverage and how you can protect yourself

A larger network ensures that your family members have access to quality healthcare facilities in their city of residence.
Updated : Aug 07, 2023

I moved to Delhi for work while my spouse and children reside in Mumbai. Can I cover all family members under a single health insurance policy?

In this edition of Ask Money Today, read about the factors one must consider while choosing a health policy

A Third-Party Liability Cover is mandated by law, and you may be liable to pay hefty fines if you do not opt for this cover.
Updated : Aug 04, 2023

Is buying a 5-year motor insurance policy from a dealer mandatory? What are the best options available?

In this edition of Ask Money Today, read about the different types of insurance available for two-wheelers

In recent times, the insurance industry has experienced a significant surge in claims, with almost all insurers receiving approximately three times more claims compared to previous years.
Updated : Aug 03, 2023

Life insurers retain higher risks as global reinsurers shy away from India post-Covid

Retention limit for life insurers has increased up to 30 per cent compared to the previous pre-Covid limit of 10 per cent

Pure term plan puts the grieving family at financial ease and lets them take care of immediate and future financial obligations.
Updated : Aug 02, 2023

Want to buy a life insurance policy? You must first know the types of term plans on offer

The benefits and costs of these plans vary, so it is essential that you choose one that fits your needs