Recently one of the readers of this blog posted a query whether he should opt for ICICI Pru Heart/Cancer Protect Plan or not. You are probably aware that I only share reviews of products that are unique and beneficial to readers. More importantly, there should be some purpose behind the plan. Lastly, I evaluate based on whether I will buy the plan or not. After all, at the end of the day, we have to pay a premium for the same :). Now after reading the query, the first question that came to mind was, "Why do I need this plan when I already have health insurance plan?". My second thought was ... Read More
Five Reasons To Assess Health Insurance Requirement Regularly
Normally financial planners suggest health insurance requirement based on thumb rules. I do agree that the answer is bit subjective. However, i personally feel that you are the best judge to assess your health insurance requirement from time to time. Typically, we have a tendency to think that nothing bad/unexpected can happen to us. In other terms, only when we are in dire need of health insurance, do we realize the importance of having one. Let's check out 5 reasons why it is important to assess health insurance requirement at regular intervals. 5 Reasons Why You Should Assess Health ... Read More
To Buy Insurance or Not – The Probability of an Event Can Help To Decide
Recently I was booking an air ticket for myself. My wife insisted me to buy insurance cover for travel. I politely refused and here comes the googly. She told me "You only keep suggesting everyone buy insurance". Ohh God!! I was trapped :). I replied that if start buying each and every insurance cover under the sun then my entire income will go towards payment of insurance premium. I covered this point briefly in the post, Critical Illness Plan - Do I need it? Normally the financial planners suggest that insurance should be need based. The biggest problem is how to arrive at logical and ... Read More
Health Insurance Premium – 11 Ways and Tips To Save The Premium
Most of the policyholders are not aware that health insurance premium is dynamic in nature i.e. it keeps changing every year. If you buy term insurance or life insurance plan then premium remains fixed for the policy term. The reason being life insurance benefit is one-time payout i.e. sum assured is paid only in the event of the death of the policyholder. On the other hand, health insurance benefits are recurring in nature i.e. I can avail the benefits multiple/any no of times during the policy term. Therefore, for an insurance provider, health insurance is high-risk policy and is dependent ... Read More
How To Select or Choose The BEST Health Insurance Plan
How to Select or Choose the BEST Health Insurance Plan? is one of the most common queries posted by the readers of this blog. I highlighted the importance of health insurance plan in my post, Why do we need Health Insurance? Let me admit that to select a Health Insurance Plan is difficult or complex compared to any other insurance policy. The reason being, a large number of deciding factors in Health Insurance Plan. The plans like life insurance or critical illness plan are event specific. On the other hand, there are a lot of ifs and buts in health insurance plan. To share an example, there ... Read More
Life Insurance or Compromise in Life – Choice is Yours
The topic of Life Insurance is very close to my heart. Recently, I was watching a new campaign of Birla Sun Life Insurance. The theme of the campaign is #KhudKoKarBuland. I was able to co-relate the campaign with the experiences of the readers of this blog. I will share some of the real-life cases later in the post. Normally, I observed that life insurance campaigns are closer to reality than any other campaign. Over a period of time, there is a sea change in the theme of the life insurance campaigns. In past, I remember the campaigns were themed around fear factor. Now the brands are trying ... Read More