Don't depend on health cover by your employer

Most salaried are quite happy and content with their employers' health insurance schemes. Most feel they do not need any more insurance. But in the past three years, most Indian companies have been reducing the cover or insisting on co-payment for employees' parents. In such circumstances, employer's cover may not be enough. So, it is important the cover keeps pace with rising costs.   http://www.myallagents.com/Dont-depend-on-health-cover-by-your-employer/details.html

Why you must have a child insurance plan

The rising cost of education is troubling Indian parents. More than 60% of the respondents in an online survey by ET Wealth listed this as their biggest worry. This was followed by lack of knowledge, not saving enough and starting too late. 

We hadn't included the biggest worry-the risk of their own untimely death-as a choice. We should have. According to the National Crime Records Bureau statistics, an Indian dies in an accident every 90 seconds.  

http://www.myallagents.com/Why-you-must-have-a-child-insurance-plan/details.html 

 

New govt's fiscal policy to affect RBI's monetary stance

With a new government at the Centre only a few weeks away, the Reserve Bank of India (RBI) might wait for the new dispensation’s fiscal policy to take its policy actions, feel experts. Although Consumer Price Index (CPI)-based inflation is on the rise in March, RBI might hold rates till June. According to experts, if the new government takes concrete steps, it would provide room for RBI to cut rates in the future, though not in near term.  http://www.myallagents.com/New-govts-fiscal-policy-to-affect-RBIs-monetary-stance/details.html

Do not delay filing an insurance claim

Getting insurance companies to pay claims is the hard part at times. Though the claims ratio of most insurance companies is 94-98 per cent, claimants often have to run pillar to post to get these. There are various reasons due to which claims can be rejected. Among these is a delay on the part of theclaimant. Under the Limitation Act, a claimant has to tell the company about the death in three years. The company can refuse to pay the claim if told beyond this period. But, in case of genuine reasons, the company has to pay  http://www.myallagents.com/Do-not-delay-filing-an-insurance-claim/details.html

What is mortgage insurance?

Mortgaging one’s house for a loan is a major and long-term commitment. Mortgage payments typically continue over several years, and one can never predict fluctuations in the borrower’s ability to repay at the moment of taking out a mortgage. Hence, the borrower may have to purchase mortgage insurance to protect against the risk of future non-payment of dues because of financial difficulties due to sickness, disability or unemployment 
http://www.myallagents.com/What-is-mortgage-insurance/details.html.