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8 Differences Between Insurance and Assurance (Complete Guide)
Insurance and assurance are the two terms that are widely used in the financial market. People are often confused between these two terms and use them interchangeably as both the terms are associated with financial product that protects their interest. However, there exists a subtle and thin line of difference between insurance and assurance. In…
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What are the various types of Health Insurance Plans in India?
Health is wealth. It’s important to secure your health even before you start planning for your life goals. When you are young, you are fit and healthy. But, health calamities can strike anytime. At any age, you need to be prepared to combat health conditions and emergencies. Considering today’s rising rate of medical inflation, getting…
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Do you know the exact difference between the sum assured and the sum insured?
Do you know the exact difference between the sum assured and the sum insured? When it comes to the concept of insurance, there are some technicalities which you should understand. These technicalities dictate the terms and conditions of the policy. Until and unless you understand the terms of the policy, understanding the policy benefits might…
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General Insurance Meaning and Types, Features – Turtlemint
The insurance segment in India is divided into two categories – life insurance and general insurance. While life insurance policies cover the financial loss suffered due to loss of life, general insurance policies cover the financial loss suffered due to the loss of an asset. General insurance, therefore, covers the loss of economic value of…
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Pradhan Mantri Suraksha Bima Yojana PMSBY
The Prime Minister of India, Mr Narendra Modi has launched various types of social security schemes in his tenure. These schemes are insurance schemes which promise either free insurance coverage or coverage at very low premium rates. One such insurance scheme which the Prime Minister launched is Pradhan Mantri Suraksha Bima Yojana (PMSBY). Table of…
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Mediclaim Policy vs Health Insurance: Which is better?
Table of Content What is Mediclaim Policy? Top Features of Mediclaim Policy What is Health Insurance Policy? Features of Health Insurance Policy Similarities and Differences How to apply for Mediclaim and Health Insurance Policy? Documents required Health is an important aspect of life. Staying in good health is all the more important. Along with practicing…
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Best Family Floater Health Insurance Plans in India
Health insurance is an important necessity. With the rising cost of healthcare services and change in lifestyle, securing health has become the need of the hour. With the increasing awareness, there is more and more types of health insurance plans introduced in the market to cater to the unique healthcare needs of people. Family floater…
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Mediclaim Policy for Family: Types, Features, Benefits & Coverage
Health insurance plans provide coverage for medical expenses which you incur in case of medical expenses. They, therefore, help you cover the high medical expenses that you incur in medical emergencies. Since medical costs have become expensive, you need a health insurance plan to cover the heavy expenses that you incur. There are different types…
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Things to know about cashless health insurance in India (Complete Guide)
With the dramatic rise in healthcare costs, medical emergencies can make a big hole in your pocket. Hence, it has become imperative for everyone to buy health insurance plans in India. While buying health insurance plans, people consider various things such as coverage offered, premium and additional benefits etc. But, the most important thing one…
