COVID-19 cases in India have now crossed 50,000 as the country extends its lockdown for two more weeks starting 4th May. The Coronavirus outbreak is leading to considerable economic hardship for all businesses, communities and consumers. The insurance industry has been struck too.
“Tax saved is income earned” – That’s the modern-day version of an age-old cliche-money saved is money earned. As we stepping into new fiscal year and striving through this lockdown, every financial decision should be taken with utmost care.
The growing number of lifestyle diseases, double-digit medical inflation, rising healthcare costs and increasing uncertainties are slowly but surely making Indians realize the immense value of a health insurance policy. Undoubtedly, the mindset is changing. However, as the spotlight intensifies, is it appropriate to claim that our health insurance sector and policies are flawless with no room for improvement?
“Coronavirus” – The dreaded word, virus, and the subject that has been the centre of attention for most citizens across the world, including India. What is this virus, illness and the outbreak all about?
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?
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.