what is insurance

How To Avoid Common Health Insurance Distress:   A Health Insurance cover is meant to cover your medical treatment at the best of hospitals and keep you stress-free from the financial strain aspect. However, one may encounter some distress due to health insurance issues and such situations are difficult. Let�s check out how you can avoid health insurance distress. Not Getting Cashless Claim People opt for a  Health Insurance policy expecting they won�t be required to pay money under medical emergency. This being true to some extent, there are certain caveats attached to the cashless facility one should be aware of. You are allowed to claim cashless hospitalisation benefit if you get the treatment in the network hospital, which is mentioned in the policy document list. Also, there are situations when the insurer may not be able to identify the insured on time, and the hospital may ask the insured to settle the bill from his/her own pocket. In this case, an exorbitant hos...

5 Ways to Avoid Life Insurance Claim Rejection:   More often than not, getting claims honoured by life insurance companies is an uphill battle. There are so many clauses, conditions and exceptions in insurance policies today that people are expected to fall ill by contracting a specific disease under specific conditions at a specific time in the day and inform the insurer at a specific time through a specific channel, and only if you�re under a specific insurance plan. Failure to meet any of these conditions would result in no insurance benefit being paid out, and the company is legally allowed to tell your dependants to take a hike. Most often, insurers rely on legal loopholes and clauses in their policy documents to avoid making payments of sums assured, but a surprisingly large number of times, the fault and blame belong to the customers themselves. Here are seven things you as a customer can do to ensure that you always get paid what�s due to you by your life insurance provider...

Top 10 Factors Affecting Life Insurance Premium Costs:   A great way to help and protect your loved ones, is with Life Insurance which can be a huge investment as well. A lower premium paid can yield to a good amount of savings over a period of few years. Life insurance premiums are based on a number of factors, and it can be quite tedious for a few people to understand why and what the charges are, and why they pay a rate that may not be the same as another. There are some factors that many insurance companies consider when pricing their policies, there factor may not be within your control. But the life choices you make, can also lead to the factors that can affect your Life Insurance premium . The factors that affect your premium towards Life Insurance are: Age :  This is an obvious and not surprising factor that affects your Life Insurance premium, the age of the policyholder. If you�re young the rates will be lower in comparison to someone older. The possibility of a youn...

SBI Life eShield : SBI Life eShield is a non-linked online insurance plan which provides higher returns on premiums. It�s designed basically to safeguard your family in your absence and secure them financially. The plan does not offer survival benefits at the time of maturity. Without involving paperwork and agent meeting, you can apply for the plan with just a click. Features of SBI Life eShield: Cover options under the eShield plan � Level Cover � Level Cover with Accidental Benefit � Increasing Cover � Increasing Cover with Accidental Benefit Maximum age at entry � 65 years for both Level Cover and Level Cover with Accidental Death Benefit � 60 years for Increasing Cover and Increasing Cover with Accidental Death Benefit Minimum age at entry 18 years Minimum sum assured Rs.20,00,000 Maximum sum assured No limit (subject to underwriting) Minimum policy term � 5 years (For Level Cover & Level Cover with Accident Benefit) � 10 years (For Increasing Cover & Increasing Cover with...