Live Mint

LIC Index Plus Policy: Life Insurance Corporation introduces a new insurance-cum-savings plan. Ten key things to know

Life Insurance Corporation of India (LIC) has launched the unit-linked, regular premium, individual life insurance plan Index Plus, which offers life insurance cover-cum-savings throughout the policy term

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How to achieve tax efficiency through life and health insurance?

Insurance can be a strategic tool for tax optimization, offering financial safety net and potential tax-saving benefits.

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LIC introduces a new plan named Jeevan Utsav; all you need to know

Life Insurance Corporation of India (LIC) has introduced a novel plan encompassing individual savings and whole life insurance. The plan is called LIC’s Jeevan Utsav with effect from November 29, 2023. This plan is non-linked and non-participating, offering extensive life insurance coverage throughout one’s lifetime.

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75% of health insurance claims rejected; here’s how to avoid rejection

Having health insurance is crucial for ensuring financial protection in case of medical emergencies. However, it is disheartening to know that a majority of claims get rejected by insurance companies.

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How to enhance your health insurance cover with top-up and super top-up policy? MintGenie explains

Consider this scenario: Did you buy a health insurance cover of Rs. 3 – 5 lakhs for your family a few years back? At that time, the cover amount would have been adequate, but not today. Consider another scenario: Your employer provides you a health insurance cover of Rs. 3 – 5 lakhs for your family, or you are covered for a similar amount under a State Government health insurance scheme. 

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7 key tips to save money on health insurance premiums

To chart out a personal finance strategy without factoring in unexpected medical expenses is practically impossible in today’s world. It wasn’t too long ago when the world experienced an unparalleled health crisis in the form of a deadly pandemic, the after-effects of which can still be felt with long-term health issues. On top of that, the cost of healthcare is rising across the world.

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Life Insurance Awareness Month: Underlining the importance of life insurance in retirement planning

We observe “Life Insurance Awareness Month” in September every year, thus, reminding people of the need to focus on buying a life insurance plan.

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How exemptions for insurance policies work

The Finance Act, 2023, amended section 10(10D) of the Income Tax (I-T) Act to remove the exemption available to sum received from a life insurance policy in case the aggregate premium for all policies issued on or after the 1 April exceeds ₹5 lakh.

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What is hospital cash insurance and how does it benefit policyholders?

A hospital cash insurance policy is a specialized health insurance plan designed to provide policyholders with a fixed cash benefit for each day they are admitted to a hospital due to illness or injury.

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What is the impact of high inflation on your life insurance cover? MintGenie explains

Inflation is an inevitable aspect of any economy, and its effects can ripple through various financial instruments, including life insurance policies.

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Rainy season resilience: The importance of health insurance during monsoons

As the rainy season approaches, it brings with it an array of diseases and health risks that can affect individuals of all ages. From common ailments like stomach infections and coughs to more serious conditions such as viral fever, cholera, and malaria, the rainy season leaves us vulnerable to various illnesses if left untreated.

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Why majority of individuals avoid buying a health insurance policy? Here are 5 key reasons

For individuals living paycheck to paycheck or facing tight budgets, health insurance premiums may be seen as an additional financial burden.

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National Insurance Awareness Day: 5 healthy habits to safeguard your health and well-being

The pandemic has undeniably imparted valuable lessons, foremost among them being that "health" is our most precious asset.

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Critical illness insurance: 5 common myths and facts you must know

The Indian health insurance industry has seen massive transformation in the last few years. Post the COVID-19 crises, policyholders have turned their attention to the importance of having an appropriate health insurance policy.

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Health insurance: Ways to avoid claim rejection and handle disputes

Health insurance has become a high priority financial risk mitigation measure for individuals as well as families. Hospitalizations of family members during Covid-19 showed how grossly unprepared many were financially to meet hospitalization expenses.

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Mother’s Day 2023: Why is insurance the best financial gift for her?

How do you plan to wish your mother this Mother’s Day? Mother’s Day would be observed on May 14 this year. Apart from the gifts and flower bouquets that you might consider gifting, why not buy her insurance to secure her health and future in the long run? It’s not surprising to consider gifting insurance to your mother.

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Common Reason why term insurance claims get rejected

Facing a term insurance claim rejection can be distressing, particularly when the policyholder is the primary financial provider for the family. Although the policyholder might not be present to address a denied claim, it’s vital to understand and avoid common pitfalls that can lead to term insurance claim rejections.

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8 reasons to buy a health insurance plan

The purpose of the health insurance is to cover the hospital bills and related expenses. Today, we will give you top reasons why you should buy health insurance today and should not depend only on health cover provided by the employer.

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