Insurance

All About Insurance?

• Insurance is not an investment, It is all about Risk protection & management.

• Don not to mix insurance and investments. Read more link .  

• Get an adequate term life insurance cover(how much  &  more Info )  & Health Cover ( Read more )

What to Avoid & Why?

• Money-back policies

• Endowment insurance plan & ULIPs. Read more link & why still people buy? - Read
  
  Resources :
  Ditto Insurance  helps you buy better insurance by explaining policy documents in a language you can understand  

Critical Illness Insurance Lean more here

Be aware of below options, Dont just choose Insurance for just low premiums.  Read the Guide & follow check list  

Ideal Cover : 10 * Anual expenses + Other Responsinilties (like EMI)
Ideal policy duration : till 60 Yrs Age
Life Stage Benefit               : Opt (will have more dependants in the future)
waiver of premiums       : Opt (could be a lifesaver if you are permanently disabled)
Accidental Death Benefit    :  Nice to have
Critical Illness Rider               :     
Terminal Illness Benefit      :  Nice to have (Might not worth)
Option to Increase cover : Might not worth (due to High premiums)
Option to Decrease cover : Optinal ,Review

Lets understand Health Insurance ?

• Will buying a health insurance help you stay healthy? No

• Will not buying a health insurance, result in your poor health? No

• If not for health, then why am I bothered about health insurance?  -- health insurance protects your finances. Read why here

Be aware of below options, Dont just choose Insurance for just low premiums.  Read the Guide & follow check list  & Compare Plans link

Co-Payment : No
Room Rent cap : No
Disease Wise Sub-limits         : No
Waiting Periods             : Seek Low
Pre and Post-hospitalization care         : 30–60 days
Restoration benefits         : Opt
DayCare Treatment (<24 hrs)         : Prefer
Domiciliary Expense (treated at home)           : good-to-have benefit
free health checkup        : good-to-have benefit
Alternative treatments : good-to-have feature
Maternity Benefits : might not be worth it.(High premiums)
OPD benefits : might not be worth it.(High premiums)
No Claim Bonus : 50% ;<10% is marketing tactic, not useful.

• https://www.beshak.org/insurance/health-insurance/health-insurance-plans/reviews/

• https://www.beshak.org/insurance/health-insurance/best-health-insurance-plans/ 

• https://joinditto.in/health-insurance/best-health-plans-in-india/

• https://www.finvin.in/purchase-super-top-health-insurance-policy/ 

• https://www.finvin.in/life-insurance-simplified-download-e-book/ 

• What is the National Health Claims Exchange (NHCX)?

• https://policyholder.gov.in/

• https://irdai.gov.in/policyholders

• Protecting the Policy Holders| National Portal of India 

• https://insurancesamadhan.com/

• Misselling of Insurance Policy

• Claim Rejection

• Lapsed Policy

• Policy Rejection