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Key Differences: Life Insurance vs General Insurance

Mini Balakrishnan
  • May 11, 2023
  • 6 min read
  • Insurance

What is Life Insurance? Life insurance is a contract between an individual and an insurance company where the insurer agrees to pay a specified sum of money to the nominee in case the policyholder passes away during the policy term. In simple words, it’s a financial safety net for your loved ones when you’re no […]

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Which Are The Best Cancer Insurance Plans in India?

Mini Balakrishnan
  • May 5, 2023
  • 3 min read
  • Insurance

Cancer insurance is a type of health insurance policy that provides coverage specifically for cancer-related expenses. It is designed to provide financial support in case an individual is diagnosed with cancer and to help them cope with the high cost of cancer treatment. In India, cancer insurance policies provide coverage for various aspects of cancer […]

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Disability Insurance – Key Terms, Coverage & Top Providers

Mini Balakrishnan
  • May 5, 2023
  • 4 min read
  • Insurance

Disability insurance, also known as disability income insurance or disability benefits insurance, is a type of insurance that provides financial support to individuals who are unable to work due to a disability or illness. In India, disability insurance policies provide coverage for different types of disabilities, including total permanent disability and partial permanent disability. Key […]

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Top 5 Providers of Cyber Insurance In India

Mini Balakrishnan
  • May 2, 2023
  • 2 min read
  • Insurance

The coverage provided by any cyber insurance in India may vary from one provider to another. While the policy terms and conditions may seem confusing, it is always recommended to carefully read the policy documents and understand the terms and conditions of the policy before purchasing it. Additionally, it is important to compare the features […]

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What Does Cyber Insurance Cover?

Mini Balakrishnan
  • May 2, 2023
  • 2 min read
  • Insurance

Cyber insurance is a type of insurance that provides protection against losses or damages caused by cyber-attacks or data breaches. It is designed to help businesses and individuals mitigate the financial impact of cyber incidents, which can include data theft, ransomware attacks, business interruption, and liability claims. In India, cyber insurance policies typically cover the […]

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How to Avoid Tax on Savings Account Interest?

Mini Balakrishnan
  • May 1, 2023
  • 2 min read
  • Saving

To avoid tax on savings account interest in India, there are a few options available. One is to utilize the Section 80TTA deduction, which allows individuals to claim up to Rs. 10,000 as a deduction on interest earned from savings accounts. If the interest earned on the account is less than or equal to Rs. […]

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How To Withdraw Pension Contribution In EPF?

Mini Balakrishnan
  • April 30, 2023
  • 2 min read
  • Saving

Withdrawal of the pension contribution in EPF (Employee Provident Fund) is a complex process and is subject to certain eligibility criteria. As per the EPF scheme rules, an employee can withdraw the pension contribution only under certain circumstances, such as resignation, retirement, or death. Steps To Withdraw EPF Pension Here is a step-by-step process to […]

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Benefits of Public Provident Fund (PPF) interest rate

Mini Balakrishnan
  • April 30, 2023
  • 2 min read
  • Saving

The Public Provident Fund (PPF) interest rate is the rate at which the government pays interest on the funds deposited in a PPF account. The interest rate on PPF is fixed by the government on a quarterly basis and is announced by the Ministry of Finance. As of April 2023, the PPF interest rate is […]

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Can the Premium Change During the Policy Tenure?

Mini Balakrishnan
  • April 28, 2023
  • 2 min read
  • Insurance

It’s common for insurance premiums to change during the policy tenure. Insurers regularly review and adjust premiums based on various factors, including inflation, changes in risk factors, and the policyholder’s age. For instance, a policyholder who has aged may be more prone to certain health risks, which could cause the insurer to increase their premiums. […]

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Factors That Affect Premiums for a Life Insurance Policy in India

Mini Balakrishnan
  • April 23, 2023
  • 3 min read
  • Insurance

Purchasing a life insurance policy is an important financial decision, and there are several factors to consider that can impact the premium you’ll pay. Understanding these factors can help you make an informed decision when choosing a policy. Here are the key factors that affect the premium for a life insurance policy in India: Age […]

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