Benefits of Critical Illness Insurance
Brajesh thought his life and career were on autopilot. At 34, the computer engineer was promoted to a senior role at his multinational company. His wife, 31-year-old Sunita, had also recently had their first child, a boy named Surendra. The young family had just bought their first home in Mumbai’s western suburbs when Brajesh developed […]
If you have a family, you’ve likely started taking financial planning seriously. This is especially true if you’re the primary breadwinner and have several dependants. Insurance is a must to protect your family against all eventualities, the most serious being critical illness and early, unexpected demise. Term life insurance is the most basic form, paying […]
made the right decision.
A critical illness plan helps safeguard your income if you become sick. It acts as an income replacement and can be used to cover any costs not borne by your health insurance policy.
Unlike in the West, the private insurance sector in India is still at a very nascent stage. What, perhaps, differentiates a life insurance company from the rest is the ease with which customers can do business. At the same time, it’s important that the life insurer is able to maintain a high level of transparency […]
You may wonder why you need an extra insurance policy for life-threatening diseases when you have health insurance (in most cases provided by your employer) and term life insurance. However, given modern lifestyles and medical advances that allow us to live much longer, there is a higher likelihood of developing a long-term illness than […]
The right time to buy critical illness insurance is right before you need it as you never know when you can be a patient of an unforeseen illness. A critical illness insurance is designed to protect your wealth and substitute your income in times of critical illness. In other words, it provides financial safety to […]
Protecting your assets and wealth is a fundamental pillar towards creating an exhaustive personal financial plan. The correct mix of insurance policies help you in not just safeguarding but also spend less in protecting your wealth. Let’s look at 3 insurance policies, which are must in your portfolio 1. Term life Insurance Term Insurance protects […]
Unexpected events and unplanned expenses are an unfortunate reality of life. Building a strong contingency plan is essential to managing emergency situations. Let’s take the example of Murugesh V. (name changed to protect identity), a 32-year-old IT professional from Bangalore who was recently diagnosed with acute kidney failure that required dialysis, followed by a transplant. […]