Insurance
6 articles
Health insurance portability: how to switch insurers without losing your waiting period benefits
Unhappy with your health insurer? IRDAI rules let you port to a new one while keeping your pre-existing disease waiting period credits — so you don't restart from scratch. The catch: you must apply 45–60 days before renewal, and acceptance isn't guaranteed. Never cancel the old policy until the new one is confirmed.
Health insurance in India: how to compare room rent limits, co-payment, and no-claim bonus before you buy
Two ₹10L health insurance policies can give very different payouts in a real claim. A room rent limit of 1% of sum insured can reduce your entire ₹3.2L hospital bill reimbursement to ₹1.92L through proportionate deduction. This guide explains room rent limits, co-payment, NCB, and PED waiting periods — the four clauses that determine what you actually get.
Term insurance vs endowment vs ULIP: what they cost and what you actually get
All three give you life cover. Beyond that, the maths diverge sharply. At the same ₹1 lakh annual premium, term insurance plus an equity SIP builds approximately ₹2.59 crore over 30 years. An endowment plan at the same premium builds approximately ₹64 lakh, with 6x less life cover throughout.
Why your employer's group health insurance is not enough: what it doesn't cover and what to buy instead
Your employer's group health cover has five critical gaps — no portability when you leave, room rent sub-limits that cut all your claims, and sum insured too low for a major illness. Here's what they are and what to buy alongside it.
How much term life insurance do you need in India? A salary-based calculation guide
Term insurance gives pure life cover — no investment component. For a ₹15L salary, you need ₹1.5–2.25 Cr in cover. Here's the calculation, what affects premiums, and what to check before buying.