No Claim Bonus (NCB) In Health Insurance: What it is & How It Works
Mini Balakrishnan
Health insurance goes beyond just covering medical expenses—it also rewards policyholders for staying healthy. One such benefit is the No Claim Bonus (NCB), which offers advantages to individuals who do not make any claims during a policy year. In this guide, we’ll break down what No Claim Bonus (NCB) is, how it works, its key […]
What Is Co-Payment in Health Insurance and How Does It Work?
Mini Balakrishnan
Health insurance plays a crucial role in managing medical expenses in India, and one important feature to understand is co-payment (or co-pay). Knowing how co-payments work can help policyholders make informed decisions about their coverage and out-of-pocket costs. This guide provides a clear explanation of co-payment in health insurance, how it functions with real-life examples, […]
Life Insurance Riders: Maximize Your Coverage
Mini Balakrishnan
The unexpected always seems to happen in life. Although we care greatly about protecting ourselves and our loved ones with comprehensive insurance policies, this is not enough. There’s always more you need to do to ensure the safety of your most prized possessions. This is where a rider on your life insurance policy comes in. […]
Secure Your Future: Annuity Planning for Financial Stability
Mini Balakrishnan
Your work life may be stressful due to various duties and a demanding schedule. Those who have worked hard all their lives often look forward to retirement so that they may finally kick back and relax. Yet one significant component that goes missing in retirement is the monthly paycheck that you have been receiving throughout […]
Top Factors to Consider When Comparing Health Insurance Plans
Mini Balakrishnan
The ever-increasing cost of healthcare, combined with the increased prevalence of diseases, has mandated the need for health insurance. More than half a dozen providers serve a variety of health insurance options in India. Each plan has certain advantages that set it apart from the others. If you find yourself in this position, narrowing down […]
Top Income Tax Saving Investment Options
Mini Balakrishnan
If you want to reduce your tax liability while achieving your financial goals, there are various investment options available to help you. Some of the most popular investment options for enhancing tax savings include: Employee Provident Fund (EPF) EPF is a retirement scheme that allows employees to contribute a part of their salary towards the […]
Choosing the Best Pension Plan: A Complete Guide
Mini Balakrishnan
Almost everyone will have to eventually leave working actively due to age or disability, also known as retirement. Having substantial retirement savings and monthly income from a pension is essential for a comfortable retirement. Hence, every hard-working adult should make retirement preparation a top priority. If you choose to disregard it, you may come to […]
10 Factors to Consider Before Purchasing Business Insurance
Mini Balakrishnan
Buying insurance is a significant investment, and you’ll want to invest wisely. How do you find the business insurance best suited to your company’s operations? Whether you’re a first-time entrepreneur just getting your firm off the ground or an established company looking to update your coverage, we’re here to make getting business insurance in India […]
How To Calculate Pension Contribution In EPF
Mini Balakrishnan
The calculation of pension contribution in the Employee Provident Fund (EPF) scheme is based on the salary and years of service of the employee. The EPF scheme is a social security scheme that is mandatory for all employees earning a monthly salary of up to Rs. 15,000. Both the employee and the employer contribute a […]
Is Public Provident Fund (PPF) A Good Investment ?
Mini Balakrishnan
Public Provident Fund (PPF) is one of the long-term investment options available in India. It is a government-backed savings scheme offering a fixed interest rate and tax benefits. The PPF scheme was introduced by the Government of India in 1968 to promote savings and investment among individuals. The Ministry of Finance administers the scheme and […]
