Search Blogs

Finance Forum India

Share your thoughts on finance education, economic developments, capital markets movements or your professional experience in the field of finance.

Are you interested to blog on financial issues? If yes, please send us an email at: info@daulatguru.com
Meet Bhalavat has not set their biography yet

Insurance Portability - Don’t Overlook This Important Benefit Available to Policy Holders

Health insurance portability refers to the facility introduced by the IRDA in 2011 that allows policyholders to switch from one health insurance company to another without loss of accrued benefits. It is a popular misconception that a health insurance policy offers protection from all diseases from the first day of coverage. Most insurance companies impose a mandatory waiting period for pre-existing diseases and conditions. Further, there are time-bound exclusions applicable to certain other conditions. For e.g., most policies in India don't reimburse maternity benefits unless renewed for 36 continuous months.   Why the IRDA Introduced Portability?  Prior to introduction of portability, an...
Continue reading
781 Hits
0 Comments

Backdating in Insurance- Overview of Definition and Advantages

An insurance policy is a contingent contract with an insurance company where, in exchange of regular payment of a fixed amount, known as the premium, the insurance company guarantees the payment of a specific amount, known as the sum assured, to the policy holder upon the expiry of a fixed time period or to the family members upon the death of the policyholder.  Insurance makes sense because it is virtually impossible for any individual to anticipate his or her time of death in advance. An online insurance policy is the simplest way to ensure your family does not suffer from financial...
Continue reading
923 Hits
0 Comments

Importance of Health Insurance for Senior Citizens

As we age, the chances for us getting sick also increases. A medical emergency can arise at any time and can cause a major financial disturbance as well. This is why it is extremely important for senior citizens to have health insurance.  A good health insurance will cover most of such untimely medical costs along with the other domiciliary expenses. It is always beneficial to choose one that is specifically for the senior citizens. Since health insurance is still a new concept in India, most of the senior citizens presently never got a chance to invest in one. Buying a health...
Continue reading
836 Hits
0 Comments

What to do when your Term Insurance Plan Expires?

Term insurance is an insurance plan which provides coverage for a fixed period of time at fixed payment rates. It is one of the cheapest insurance plans. The term may extend from 1 year to 35 years.  If the policyholder dies during the term then the coverage is paid to the nominee.  If the term on your insurance plan is about to expire then you may be wondering what to do next.  Here are some ideas: 1. Apply for fresh coverage If your term insurance plan has expired, you may simply buy a new policy. This is especially beneficial as you will...
Continue reading
955 Hits
0 Comments

What is a Life Insurance Quote?

A life insurance quote is the estimated cost of a life insurance policy based on information supplied by an applicant to an insurance company. In order to obtain a life insurance quote, the applicant must provide proper age, gender and mention whether they consume tobacco or have a medical history. The risk class calculated by actuaries in life insurance companies is considered very important while calculating a life insurance quote. Medical history of the applicant as well as the family is also commonly considered in combination with these aspects while processing a life insurance quote. As a standard procedure, any life...
Continue reading
1189 Hits
0 Comments

Here’s Why It’s Better to Buy Insurance Policies Online

More than ever Indians are taking their lives to the cyber space. Be it socialising, shopping or banking –the past and the present belong to the worldwide web. With disposable incomes, increasing global aspirations, idiosyncratic lifestyles and broadening of internet penetration in the country, people want the world on their plate at the click of a button. And rightly so, after-all this is the need of our optic fiber induced fast-forwarded, wi-fi dependent lives. We want everything from the comfort of our home. According to a survey quoted by a leading financial business daily recently, life insurance was rated as the...
Continue reading
807 Hits
0 Comments

When and How Should One Use Accidental Dealth Benefit (ADB)?

There is no single moment in our lives when we do not think about our loved ones. The thought eventually moves onto securing their future in case of an unfortunate event like an accident occurs. Apart from the emotional burden borne by your loved ones, they will also have to deal with the eventuality of losing a critical earning member in the family. An accident is an untimely event that can occur to anyone. Having a life cover may not be enough, but having an accidental death benefit would certainly take care of all eventualities. Consider an accidental death insurance or adding...
Continue reading
886 Hits
0 Comments

Plan Now to Make Your Child’s Future Bright

In our country, parents go great lengths to provide better future to their children. Not just their daily needs but parents try and make all the wishes of their children come true and strive to make the future better for their little ones. If you’re a young parent, it is imperative for you to start thinking about your child’s future today. The sooner one starts planning for their children’s future, the better it is and more convenient it will be later. Be it higher education or marriage, parents want nothing but the best for their children. In order to make it...
Continue reading
1826 Hits
0 Comments

Mediclaim: Your Immediate Life-saver

Has the sky ever fallen on you under the guise of medical bills? If high medical bills have managed to burn a reasonable hole in your pocket, then it would be advisable to save a certain portion of your regular income towards mediclaim or health insurance. The thought of spending the entire savings on a medical bill can be daunting for an average middle income person. In the eventuality of unforeseen medical bills and rising inflationary trends, they can land on us like a ton of bricks leaving us in precarious financial state of affairs. A timely investment in the form...
Continue reading
2385 Hits
0 Comments

Which Health Insurance Policy Fits You Perfectly?

“If I were a rich man! Yubby dibby dum!” We all love humming similar tunes to man singing his tune on The Fiddler on the Roof. Even a rich man cannot buy health in today’s world of increased pollution and disease threats. Health is now more valuable than gold and diamonds. Hence, the surge in the number of insurance companies available in the market today is understandable. Investing in one’s health is more valuable than investing in high-yielding stocks and bonds. Yet, not all health insurance plans are suited for all. Based on one’s lifestyle and family size, it’s important to...
Continue reading
2003 Hits
0 Comments