― Jeffrey Fry A term life insurance policy is a contract of trust where the life assured has to disclose everything about his life in terms of income & health and the insurance company undertakes to cover the risk of death in exchange of certain monies received in form of premiums. The risk taken by …
As millennials, it’s commonplace for us to prioritise our personal financial aspirations. However, amidst our pursuits, we must recognize the financial security of our younger siblings, who may still need to gain the maturity or resources to secure their own financial futures. Rather than solely indulging in fleeting pleasures like gadgets or social outings, we …
Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a Rs …
I am an entrepreneur and engage in online transactions on a daily basis. I want to protect my data and secure my business. Does a cyber insurance policy help mitigate financial losses in case of any cyber attacks? —Name withheld on request In today’s digitally interconnected world, our reliance on online transactions for personal and …
What is a reasonable and customary clause in health insurance? Can an insurer use this clause to reduce the claim? My policy doesn’t impose room rent limits, so I chose a suite at the hospital. However, the insurer deducted a significant portion of the claim, citing a package deal with the hospital for a single …
Wide range of options Many health insurance companies provide a wide range of plans, making it challenging to effectively compare features and prices without the use of online resources. Insurance agents often work for specific companies, so their suggestions may lean towards the plans offered by those companies rather than what might be the most …
The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked …
If you want to save income tax for the investments made in this financial year (2023-24), do not forget to invest before March 31 this year. With only a few days remaining in this financial year, taxpayers are urged to invest as soon as they can. Meanwhile, RBI has told all agency banks dealing with …
The First Street Foundation study points out that insurers could offer discounts to homeowners who take steps to fortify their homes, which would help make disasters less damaging. Moore said Florida once was a leader when it came to measures like building codes, although that has changed in recent years. The state also had lacked …
I recently came to know about the option to pay insurance premiums with a credit card. Are there any additional charges associated with using a credit card for such payments? —Name withheld on request The process to pay insurance premiums through credit card is very similar to the other digital payment processes. The customer can …