The reasons for buying a two wheeler are many for Indians. They range from necessity to passion to a style statement, and most importantly, affordability. However having a two-wheeler without an Insurance cover is not only illegal but it may also land you in financial difficulties. The Importance of Two-Wheeler Insurance Insurance cover for motorcycles […]
Why Do You Need Motor Insurance? Motor insurance, as the name suggest is an insurance cover for the motor vehicle owned by a person. Owning a four-wheeler is an important landmark in one’s life. A personal car gives a sense of pride and a sense of achievement. On the other hand, owning a commercial vehicle […]
Term Insurance is a product for risk coverage. In other words, it’s a product to mitigate risk for a term, generally a year. Now the question is – risk of what? Risk is everywhere and for everything in our whole existence. The essential risks that common people try to cover through insurance are: Risks related […]
Section 80DD Deduction Limit provides tax deduction to families of disabled persons for the purpose of caring for a disabled dependent. This can be claimed by families of disabled dependents and not the dependents themselves. Check everything you need to know such as who is eligible, how to claim, documents required and the cans and can’ts about the Section 80DD Deduction Limit.
Claim Settlement Ratio is widely used for comparing companies when buying Term Insurance. This data is published by IRDAI on a yearly basis. In this article, we’ve compared how each company stands on this measure for death claims settled in the year 2015-2016. Don’t forget to read some of the important disclaimers associated with using this measure as an evaluation tool – it will give you a clear perspective before you make the decision on the term insurance plan of your choice.
Health insurance planning is for a lifetime. Relying on your employer’s health insurance plan is not so bad. It’s ‘free’ after all. But most group plans fall short on addressing needs for our parents, and also when you retire, leaving us in the lurch at 60 evidently staring at the next 25 years or so without any health cover for us and our spouses. Check this article to find out why you shouldn’t rely on your company’s group health plan alone.