Health Insurance Advices

Following a Met Office warning of severe weather and a number of doom and gloom headlines in national newspapers, we thought you might appreciate a few tips on how to prepare for the impending cold snap and lower the risk of damage to your home as a result.

The Met Office issued its first England-wide Level 3 Cold Weather Alert of the winter on January 31 and suggested the severe weather will continue over the weekend. As a result of this many homes will be exposed to potential damage, mainly caused by burst pipes.

Below are some precautions you can take to safeguard your home in the severe weather.

Preventing Frozen Pipes

One of the best precautions to take during a cold snap, especially if you are going away, is to leave the heating on at a low temperature.

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India’s largest insurer, life insurance Corporation (LIC), has launched a new product in the child plan space that aims to meet educational and other needs of children.

Jeevan Ankur is specially designed to meet the educational and other needs of the child, LIC said.

It is the most suitable insurance plan for parents who have a child aged up to 17 years, for this plan ensures that their responsibilities are met under all circumstances, without depending on anyone else, it said.

The plan covers the risk on the life of the parent and the named child shall be the nominee under the plan, it said.

In the event of the unfortunate death of the parent during the policy term, the basic sum assured is payable immediately on in-force policies, LIC Senior Divisional Manager R K Jha said.

In addition, an income benefit equal to 10 per cent of the basic sum assured is payable to the nominee child from the policy anniversary coinciding with or immediately after the death till the end of policy term, it said.

This will ensure the continuity of the child’s education without any additional burden, it said.

Not only this, it said, the nominee child will also get a lumpsum amount equal to the basic sum assured on the predefined maturity date of the policy along with loyalty additions, if any, to support higher education or a start in professional life.

Before you jet off on your next holiday, just check you’ve got all your insurance in place. Below are three insurance-related points to check before you leave.

Packing Your EHIC

Depending on where you are travelling to, a European Health Insurance Card (EHIC) can be a highly useful thing. This will cover you for state health care in all European Economic Area (EEA) countries, and so if you find yourself injured or ill, you will be able to receive either free or cheaper health care than you otherwise would.
However, you should be warned that an EHIC is not a replacement for travel insurance as it won’t cover the costs for things such as repatriation and sometimes even rescue efforts.

The Need For Cover

Travel insurance is therefore a must no matter where you are travelling, and no matter how long your trip will be. Out

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Are you suffering from a chronic illness and wonder what’s going to happen to your life insurance? Surely this has put you under a lot of stress that probably has you worrying, but don’t. Many insurance companies will still cover you as long as you’re earning some type of income. However, if you’re not still earning an income, then you may have to start looking for new coverage if you haven’t already been dropped. Yes, this is terrible, but if you go online and request a life assuarance quote from companies providing indemnity, you will find many local and national insurance companies that can do something for you.

Hope is not all lost because all you need is a few minutes on the Internet and you can access other benefits from insurance companies that you probably didn’t even know that you qualified for. You must co Full post…

The recent collapse of yet another holiday provider has hit the headlines, and with it comes some desperately sad stories of people losing their highly anticipated vacations. There are also tales of many thousands of holidaymakers who are stranded at various locations in Europe, most of whom have no idea how or when they will be able to get home again.

When a holiday company collapses ABTA/ATOL usually step in to assist those already on their holiday to get home and to help recover the cost of the holiday for those whose holidays are cancelled. While many travel insurance policies will not provide cover if ‘the tour operator fails to provide the arrangements’, incidents such as this merely highlight the need to have adequate travel insurance cover because, without it, all kinds of things can potentially go wrong.

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Ensuring security for one’s asset is perhaps the most important aspect in leading a peaceful life. Insurance plays an important role in this context with the assurance it offers for the safety of one’s home, property, vehicle, health, employment and many other aspects. There are different types of insurance schemes available from which the individual can choose the apt one. One such popular type is the umbrella insurance. It is a category of liability insurance in which the policy holder can avail the benefit above or below the limits associated with the primary schemes. The term itself is an indication of the shielding nature offered by the plan.

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