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    Parenting is an astounding journey; a child brings happiness to your life. Along with the baby comes the requirement of pecuniary planning. To ensure a safe future for the new baby, you need the best saving strategies. Compare the various investment and saving schemes available and pick the one that suits best your requirements. Review life insurance Life insurance must have enough coverage for your baby. Opt for a life insurance plan that has salary replacement, education expenditure, and debt erasure features. Establish an emergency fund Cache an amount of money as an emergency fund; this will help you in the times of financial crisis. The amount of emergency funds varies from family to family as per their financial requirements. Frame a budget and invest in child saving plan Make a proper strategy to help in systematic savings for the family. Many financial institutions offer child plans to help parents plan for child’s future financial requirements. Evaluate th...

People across the country should be duly educated about the benefits of having an insurance policy. The lack of knowledge leads to assumptions and fear, which is why we have listed the most important things you should know about a personal accident insurance policy . To keep it simple, the insurance will cover various scenarios including death caused by accident, injury and medical expenses. It helps your family and safeguards them against mounting medical expenses during times of crisis. Higher Disability Compensation A loss of limb or the lack of motor skills to work again in an office can lead to long-term issues. Such disabilities will get you the highest compensation. Renowned lending companies offer 125% of the sum insured for such cases. Hospitalization and Medical Expenses are Covered If you ever meet with an accident, which we hope you don’t, you or a family member who is injured but covered by a policy can confidently get admitted in a hospital. With a vast ...

Health insurance is an inevitable need, and so you are likely to find a plethora of health insurance schemes in India. However, the only problem is, health insurance is merely a tax saving option since the Indian Income Tax laws allow a deduction of Rs 25, 000 on health insurance premiums. Even in that, people take insurance schemes with lowest premiums with low financial coverage. Though this won’t be a problem as long as the person doesn’t fall severely sick. If they do, the chances are they will exhaust their coverage and would end up paying a hefty sum from their own pocket. Now, no matter what we say or how many reasons we put forward to persuade people into buying a health insurance with higher coverage as a precaution, things are very unlikely to change. Thus, we would recommend a top up health insurance as a measure. What is a top-up health insurance? A top up health insurance plan goes above and beyond the traditional cover offered by health insurance policies....

Every year thousands of people from various parts in the country visit the holy sites in India. Well-known gatherings such as Kedarnath and Kumbh Mela draw the attention of more than 10 Lakh visitors every year not only from the country but also from around the world. However, in spite of the huge enthusiasm related to a pilgrimage journey, the tour is often accompanied by numerous mental and physical strains. Pilgrims often face accidents and stagnations, in addition to a loss of property during the huge crowd gatherings. This is when pilgrimage insurance may come into assistance and minimise the risk of any unwanted incident. Things to consider when buying pilgrimage insurance These Pilgrimage Insurance policies are customized to deal with urgent financial requirement during a pilgrimage. The Travel Insurance offers protection against loss of valuables or theft emergency assistance during any overseas or domestic journey, and several other features and benefits to ease...

Purchase protection insurance might be a new kid in the block but it does have a series of familiar advantages. Read to know more. Shopping today has changed majorly from roaming around in streets to swiping on the touchscreen. In this rapidly evolving and developing era things are modernizing. Purchase Protection Insurance is a modern approach towards providing safety to the things we buy. Here is look at it: The list of advantages It doubles the protection and safety for the purchase. There are times when a shopkeeper charges a commodity at a higher price rate than its normal rate. Purchase Price Protection assures that an individual pays the correct amount for goods. Pocket Insurance comes with an added benefit of extra warranty period apart from the warranty that's the product is providing. If the seller is not accepting the product for return or replacement you can claim the policy protection in such a situation The process to claim it If the mode of...