Health insurance can be a real savior in times of dire need; however if you do not understand the complex clause that room rent capping is, you might be seriously disappointed when the time comes to claim settlement.
Health insurance can be a real savior in times of dire need; however if you do not understand the complex clause that room rent capping is, you might be seriously disappointed when the time comes to claim settlement.
Is not renewing your motor insurance policy on time a big deal? Can it get you in trouble? What is the best way to renew your policy? Find out the answers to all your questions here.
Motor insurance is a protective cover for your personal vehicles like cars or two-wheelers. Having the public’s best interest in mind, the government has made it mandatory- under Motor Vehicles Act- to purchase motor insurance when you get a vehicle. It is designed to financially secure you against disasters, risk, and loss.
Health insurance can help you be financially prepared for the adversities. But do you know how much cover is enough?
Many people purchase a cheap health insurance plan thinking the sum insured will automatically double in the next five years. However, given the current medical inflation rate, all the best financial planners advise getting a minimum health cover between INR 5 to 10 lakh.
A lot of us let our money sit idle in the savings account. Well, if it were the 90s, I wouldn’t mind doing it myself but not anymore. We are now in an era of lucrative investment options. The options that can easily replace the boring and conventional savings account and can earn you better inflation-adjusted returns.
The roadside bhaiya selling sunglasses and umbrellas around my street lives by this lesson fully. On surface, he sells seemingly unrelated products but a closer look at his business sense makes me wonder. He knows that when it’s raining, it is easier to sell umbrellas and on a sunny day, customers demand sunglasses. With both items to sell, his product line is varied enough to reduce the risk of losing money during any season. Smart, isn’t it?