The Insurance sector plays a crucial role in the growth and general well-being of the Indian economy. It considerably increases saving opportunities for individuals and helps in safeguarding their future by providing much-need protective covers. Availability of a massive pool of funds allows the sector to contribute substantially to the capital markets and invest in large-scale infrastructure development.
Are You Finalising a Health Insurance Plan? Do you know that over 5 crore Indians move below the poverty line every year due to insufficient financial medicare protection and only 5% claim to have suitable health covers per their age, family status and location? Are you aware that corporate or group insurance plans are usually in the single-digit lakhs and they are often not enough for your family of four?
“Myths tell us what those like us have done, can do, should do. Listen to the wrong myths, and we might even go back a few steps.”
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India receives 75% of its yearly rainfall from June to September, providing much-needed relief from the searing heat. The rainy season, cool breeze and cloudy skies are delightful experiences. However, the lack of protection or inadequate insurance cover can spoil your fun and also put a dent in your wallet.
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A Health Insurance cover’s relevance in India is unquestionable. Our evolving lifestyles, unreasonable work schedules/eating habits, dangerously rising pollution levels, increasing healthcare costs make all of us prone to multiple health disorders and reiterate the necessity of a health insurance policy.
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Driving on Indian roads brings a fair share of challenges, even for the most seasoned individuals behind the wheels. Road accidents, traffic violations, and inadequate infrastructural facilities are too common. More than 50 road accidents result in 17 deaths every hour.
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The Indian Motor Vehicles (Amendment) Act, 2019 has come into effect from 1st September, and it has already generated mixed responses from the public at large.
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