Category: Insurance

Health insurance tax benefit: Here is how much you can claim under Section 80C, 80D

Payment of premium on life insurance policy and health insurance policy not only gives insurance cover to a taxpayer but also offers certain tax benefits. In last year’s budget, the Tax Benefit on health insurance premium was enhanced to Rs 50,000 from Rs 25,000 under Section 80D. This means that an individual can claim a […]

Take Cover in the Shade

Fixed deposits may be one of the most popular investment products for risk-averse investors but fixed return investments are not entirely risk-free. Buying a suitable insurance product requires some research on your part to identify your needs and comparisons to find the best product. “The life insurance products available in the market are for different […]

Do add-on features for health insurance policies really add value?

While health insurance covers are base policies that cover hospitalisation costs, many health policies come with add-on features that aim to provide monetary support for specific ailments. For instance, child birth involves hospitalisation, a basic health insurance policy doesn’t cover it. When Delhi-based Mayank Verma, 30, bought a health insurance policy in January 2018, he […]

This tax season, don’t give in to agents’ calls, buy the life insurance plan you really need

The new year has just begun, but for corporate India this is the last quarter of the financial year with only three months left to meet the year-end target. Companies are on an overdrive and life insurance sector is no exception. In fact, according to Deepak Yohannan, founder and CEO, Myinsuranceclub.com, an insurance web aggregator, nearly […]

Any Chance For A Health Insurance Fix? Where The Debate Goes From Here

In the wake of Republicans failing to repeal and replace Obamacare and the Democratic takeover of the House, where will the health care debate go from here? No important health care legislation will come out of this gridlocked Congress. But the run-up to the 2020 presidential campaign will produce at least a Democratic health care […]

Buying a health insurance policy? Here’s how to make the most of it

Health problems usually come uninformed and their consequences can be physical, emotional and financial as well. It is, therefore, important for everyone to get a health insurance plan. Adopting a healthy lifestyle and getting health insurance for yourself and your family is of equal importance to protect yourself against the rising cost of medical care, […]

POLL: OLDER AMERICANS ARE REALLY WORRIED ABOUT HEALTH INSURANCE

Forty-five percent of Americans ages 50 to 64 say they have little or no confidence that they’ll be able to afford health coverage once they retire. And 27 percent say they’re not sure they’d be able to afford their coverage over the next year. Further, one in 10 say they had thought about going without […]

AM Best to Sponsor Insurance Information Institute’s Annual Joint Industry Forum

OLDWICK, N.J.—AM Best is a bronze sponsor of the Insurance Information Institute’s 37th annual Joint Industry Forum, to be held Jan. 17, 2019, at the Marriott Marquis in New York City. At the event, insurance industry leaders from the property/casualty, life and reinsurance industries will discuss timely topics of importance to the industry. This year’s theme […]

Multiple gaps in implementing flagship crop insurance scheme

Instead of appreciation, the Modi government’s flagship schemes for crop insurance, the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme have attracted criticism even though the PMFBY is substantially superior to crop insurance schemes under previous governments. There are five major stakeholders in crop insurance. They are farmers, banks, central and […]

Very risky business: the pros and cons of insurance companies embracing artificial intelligence

It’s a new day not very far in the future. You wake up; your wristwatch has recorded how long you’ve slept, and monitored your heartbeat and breathing. You drive to work; car sensors track your speed and braking. You pick up some breakfast on your way, paying electronically; the transaction and the calorie content of […]