The Statesman

The Statesman

The bottom line is, it is very important for Riya to access the cost while choosing the type of income and the amount of cover which she requires. Another essential factor that Riya must keep in mind is that she should neither be over insured nor under insured. Since being over insured may lead to higher costs than what she actually needs to incur and being underinsured might leave her income open to risk.

(Rakesh Goyal is Director, Probus Insurance Broker Ltd.)

Read more …

In today’s modern age, there is phenomenal participation of women in every walks of life may be it managing the home or/and pursuing a career.
While balancing varied roles, it is seen that both working women and housewives tend to remain ignorant about important decisions like her health and appear to lag in the financial planning for themselves. She might be the primary breadwinner or an active contributor to the family’s income, an executive in the corporate world or a single parent with 9-to-5 job, a mom who loves to stay at home and look after her kids or single women, it is essential for each woman to have some or the other financial back up.

(Rakesh Goyal is Director, Probus Insurance Broker Ltd.)

Read more …

When a policyholder buys a new policy and transfers from an existing one, the benefits in the existing policy continues to the new policy, this process is termed health insurance portability. Porting of a health policy also occurs from one insurer to another.

(Rakesh Goyal is Director, Probus Insurance Broker Ltd.)

Read more …