I know this topic keeps a lot of you up at night: health insurance. Specifically, the dreaded question: does health insurance go up after a claim? Or, to put it another way, does health insurance premium increase after claim? Look, we all get health insurance for peace of mind, right? To protect us when those unexpected medical bills…
Medi Assist is a TPA, or Third Party Administrator, one of the largest TPAs in India. The company has launched its Initial Public Offering (IPO) on January 15, 2024. Medi Assist helps people who have health insurance use their benefits. They do this in three main ways: Medi Assist acts as a bridge between insurance…
![If A Bank Closes What Happens To The Deposits? [DICGC]](https://ourwealthinsights.com/wp-content/uploads/2021/06/If-a-bank-closes-what-happens-to-deposits-image2.png)
Once a person said, I have a fixed deposit of 65 lakhs in a bank. He asked if a bank closes what happens to the deposits? The answer is in the term called “Deposit Insurance & Credit Guarantee Corporation [DICGC]”. We will discuss about DICGC in this article. In a comparatively extravagant world of cryptocurrencies and the stock…
Long back, I faced an issue with my health insurance policy. Our claim got rejected on the grounds of pre-existing disease. It happened in Yr-2008 when I used to work in Kolkata. We were very unprepared for the claim rejection. Moreover, I was also unaware of the criticality of such a clause. Hence, that episode made…
“What is the need of money management; after all we earn money only to spend it one day”. I was trying to be ironic. But I’m also sure that many will not find my statement ‘wrong‘. Read more about paycheck to paycheck lifestyle. Most of us actually earn money only to support our expenses of…
Summary: This guide highlights the emergency fund’s importance for middle-class financial security, recommending a six-month expense reserve with cash and insurance (life, medical, motor, property). It details building it via recurring deposits, storing it in liquid, low-risk options like savings accounts, and prioritizing debt-free status and investments only after the fund is set. Table of…
In India motor insurance is mandatory. It must be availed by law. Without an insurance, no vehicle can run on the roads. It is applicable for all type of vehicles: two wheelers, four wheelers and commercial vehicles. There is a reason why motor insurance is made a mandatory requirement. It helps the insurer to deal…
I am sure you must also have pondered that which is a better investment, ULIP vs Mutual Fund SIP? Unfortunately, not much reliable information is available on internet related to ULIP vs Mutual Fund SIP. In this article, what is presented is more from my personal experience I gathered while dealing with ULIP and mutual fund SIP….
Insurance planning is essential. It helps people to manage the potential risk that may come in future. The probability of occurrence of such a risk is bleak, but if it comes it has a high cost implication. This is why it is better to plan from a very early stage. What risks we are talking…
