Creating an influencer persona Wadhwa began her journey when Facebook was booming, and Instagram was still just a photo-sharing app. It was during this time she created her online persona, Miss Coco Queen, inspired by her love for Coco Chanel and Alexander McQueen. “Back then, I used to operate through blogs and Facebook posts, but … Read more
Behind the allure of a lump-sum insurance payout lies a harsh reality: many families struggle to manage it wisely, often exhausting it too quickly. Aditya Birla Sun Life Insurance (ABSLI) and Policybazaar are aiming to change that with their new ABSLI Income Suraksha Plan, which offers a steady monthly income for beneficiaries instead of a … Read more
I hear many claims are rejected due to non-disclosure of pre-existing diseases. What if I insist on the insurance company doing my medical check-up? Do they accept such a request? —Name withheld on request When it comes to health insurance, non-disclosure of pre-existing diseases is a leading cause of claim rejections. Understandably, you should ensure … Read more
Securing our family’s future is topmost priority for most of us. Alongside taking insurance policies and making investments, there is a crucial step in this—estate and succession planning to ensure our family inherits our assets without delays, hardship, or confusion. Yet, this aspect is often neglected due to the anxiety and discomfort arising from contemplating … Read more
In India, health insurance remains optional and the healthcare system is divided into public and private sector, with free healthcare services available only at government facilities under the public sector. Industry estimates reveal that the health insurance market is significantly underpenetrated, with nearly 40 million people lacking any health cover. Lack of awareness, affordability issues … Read more
I am a salaried worker in the private sector. I am interested in saving for my eight-year-old son. I am confused between ULIP and traditional insurance company plans. Please guide me. Please understand the most important principle of investing: never mix protection and investment needs and buy different products for each need separately. You should … Read more
NEW DELHI : India had 162 million demat accounts as of June, and 93 million SIP (systematic investment plan) accounts as of July—a strong indicator of increasing financialization in the country. Still, there are places where terms like “Sensex” or “Nifty” are foreign to people. Kargil, in the Union territory of Ladakh, over 200 kilometres … Read more
Known for his aggressive investments directly in stocks and small- and mid-cap mutual funds, Kumar is now seeking a more balanced and goal-oriented portfolio. “During the pandemic, my stock portfolio took a significant hit, and some of the stocks never fully recovered. I don’t want to face such a situation again as I work towards … Read more
Pay-as-you-drive (PAYD) motor insurance plans are gaining popularity among consumer segments such as hybrid and remote workers, households with multiple cars and homemakers, a PolicyBazaar report revealed. The report mentioned that hybrid or work-from-home employees comprise 35 per cent of PAYD customers. They represent the largest share of the customer base. Pay as you drive … Read more
However, in the non-credit domains, such as health insurance, investment products or retirement products, the inclusion record has been far less cheerful—indeed, it has barely even started. There is a story to be told about why the discrepancy is so stark between credit and every other kind of financial product. And, even within credit, there … Read more