Top Reasons Why You Must Have Term Insurance

Life is beautiful, but no one can predict what future has in store. Every one of us wants to give best things to his/her loved ones, and surely well-being of loved ones is the priority in life. Today, people have started understanding the importance of insurance. If you are looking for ways to safeguard the financial future of your family, then a term plan will help you prepare for any uncertainties. A term insurance is a smart and cost-effective way to mitigate the risk while making sure that your near-dear ones are financially secure. The most important reason behind the popularity of term insurance is its simple to understand nature. For a term plan, you need to pay low premiums while your family gets the entire amount in case of any unexpected event. If you complete the policy tenure, you will not get any maturity or survival benefits. 

Let us have a look at a few reasons why anyone should buy term plans:

Low Premium- Investment is not the part of the assured amount, so the premium sums for term insurance plans are lower as compared to any other plans. A person might have to pay only about 1% of his yearly income to get a life cover. 

Financial Security - In the case of untimely death of an insured person, a term plan would take care of the financial needs of the family members of the insured person. Thus, by paying a low premium, one can get the insurance cover and secure the financial future of his/her loved ones.

Flexibility - Term plans are highly flexible. It is possible to choose any offline or online plans for which health plans are not compulsory. Furthermore, you can change the term plan and customize a term insurance plan as and when needed.

Riders - A term rider is the additional benefit that comes with term plans to suit the needs of the insurance policyholder. Riders should be taken only when needed. A nominal fee has to be paid for adding riders to your policy. Partial or permanent disability, death due to an accident, critical illness, etc. are some of the riders that can be taken along with term plans. Remember, think about your needs and then only go for riders if required. Read the offer document carefully for exclusions before adding a rider.

A term plan has several benefits. It is certainly a sensible decision to make particularly when life is so very uncertain in today’s hustles and bustles. However, here are a few points you need to keep in mind before buying a term plan.

• Think about needs of your family, when you will be around them. The term insurance cover should be enough to provide the everyday expenses and needs of the family in case of an unfortunate event.
• The tenure of the term insurance plan should cover the span that a person intends to work.

So, start your search now for the term insurance that suits your need and budget as well.

Travel Insurance – Is it Worth Consideration?

Travel insurance, also termed as travel medical insurance is an insurance scheme offering cover against all kinds of unexpected incidents while traveling, such as accident, baggage loss, trip cancellation, loss of passport, medical aid expenses and other risks encountered while traveling.

If you are traveling internationally, then travel insurance becomes the need of the time, but even if you are traveling domestic routes, still such insurance can offer you with great benefits. This sort of insurance is easy in the pocket, and you may even have to pay a premium as less as INR 130 per month. If paying such sum can minimize all your risks related to traveling, then there is no reason why you should not go for it.

Some key benefits that you can avail through travel insurance are:

• It covers all medical expenses incurred during your trip. You have protection against any illness, injury or unexpected incidents that may come in the way of your travel without experiencing any financial contingency.
• It offers complete financial protection against accidental death, dismemberment, and disability.
• It enables you to make up for all sorts of financial loss that you might suffer during your travel or if your belongings are stolen or lost.
• It reimburses all your prepaid expenses on bookings and tickets.
• If you experience any emergency situation, such as loss of cash, then the insurance providers can offer you with the adequate rescue.
• Under the feature of emergency medical evacuation, you can obtain a transfer to seek immediate care in case of an emergency situation.
• If there is any cancellation or delay of your trip, then your travel insurance cover would reimburse you for all sorts of prepaid expenses on bookings and tickets.
• The insurance cover offers 24 x 7 support during your entire trip.

Buying Travel Insurance

 

Besides offering the above benefits, the other convenience about travel insurance is that it can be purchased with ease. Numerous companies across regions offer domestic and international travel policy. The domestic travel insurance offers protection against issues experienced during a set geographical region. On the other hand, international insurance is ideal if you are traveling any foreign nation. So, based on your needs you can select a policy. Some insurance companies even offer you the ease to upgrade your policy as per your requirements.

The basic eligibility to buy a travel cover is between 6 months to 65 years, which may vary slightly from region and plan. The coverage offered depends on the cover plan that you select, your medical condition, the length of the trip, and the region you are traveling to. 

Buying travel insurance makes sense if you wish to avail complete security for you and your family members. You can even buy travel insurance online after comparing all plans offered by various insurance companies. No travel plan offers 100% safety, but having a policy in hand can surely reduce the level of risks that you might experience during your travel.

5 reasons to buy Aditya Birla Health Insurance Plans

There’s never just one reason to buy a health plan for Aditya Birla Health Insurance – there are 5!

Getting health insurance coverage is an easy process – but only if you approach the right insurance provider. A health insurance provider like Aditya Birla Health Insurance not only offers the best health policies, but also a smooth purchase and claims settlement process. 

Here’s why you should buy health insurance plans from Aditya Birla Health:

1. The highest sum assured in its class. Normally, customers do not opt for a very high sum assured amount because they fear that the corresponding premium will be quite high. But that’s not the case with the health insurance plans from Aditya Birla Health Insurance. The Activ Health Enhanced policy carries a sum insured as high as Rs 2 crore, while the Activ Health Essential policy has a sum insured of Rs 10 lakh. Plus, the plans are completely affordable and comprehensive, covering all aspects of treatment and hospitalisation.
2. Flexible and simple. Aditya Birla Health Insurance does not believe in jargon and unnecessarily complicating the policy with too many riders and deductibles. What you get are plans that are simple enough to understand, and they are extremely simple to purchase. The health plans themselves offer a great deal of flexibility – customers can ask for the features and riders that they actually need, instead of accepting the plan as is. Thus, there is a fair bit of customisation in the health plan.
3. Innovative features. What sets Aditya Birla Health Insurance apart from other health insurance plans is its vision for health care – it offers a holistic view of health, and not just monetary support in times of distress. Thus, it has conceived of such innovations as wellness and reward programmes to help customers maintain good fitness all their lives. Customers also get reward points for completing set tasks (which are fitness and health-related). Additionally, the Aditya Birla Health blog gives many tips and perspectives on diet, physical and mental fitness, and exercise.
4. Complete digital access. We turn to our smartphones for everything – right from checking the meaning of a phrase to watching a new TV show. So why not make the smartphone or personal computer one’s health companion? Aditya Birla Health Insurance’s vision for the digital age is that all health insurance-related data must be available for customers’ consideration instantly and conveniently. Hence, all insurance-related specifics, as also all fitness tracking information is available on the smartphone or tab/laptop.
5. Comprehensive coverage that others don’t provide. While other health insurance plans dither on offering coverage for pre-existing diseases such as hypertension and diabetes, Aditya Birla Health Insurance offers Day 1 coverage for pre-existing conditions. So customers need not wait to get coverage and hence, treatment for the same.

5 Simple Things to Remember for Stress-Free Driving

According to an article published in The Hindustan Times on November 16, 2016, a woman allegedly mowed down two people on a highway in Haryana in a case of drunken driving. Unfortunately, this is just a single case of drunk driving in a country that sees such occurrences almost everyday. The lady was taken into custody and an FIR was registered in the case. In most cases, such drivers do not have proper auto insurance, making the financial situation worse for them.

Every person needs to take certain pledges and make simple changes for stress-free driving, including not to drink before or while driving and to ensure that your vehicle insurance is always updated.

Simple Things You Need to Remember While Driving

1. Avoid Racing - It's quite normal to have an adrenaline rush by putting the pedal to the metal, racing that red light, or riding someone’s bumper. However, it is your duty to remind yourself that such behaviour is acceptable only on the race track! Such an adrenaline rush can have very harmful consequences on the road. 
2. Stop Being a Time Machine - Did you ever feel determined to make up for lost time when you are behind schedule? When we take over our vehicle, we cannot predict the traffic, weather or the lights, which could cause a serious delay in the schedule. However, it not wise to weave and veer and try to rush to your destination. Start early, giving yourself a bit of extra time for some unpredicted traffic delays. 
3. Don't Tailgate - While driving, you should leave plenty of room between yourself and the driver in front of you, to avoid tailgating, which is one of the biggest causes of accidents. Providing safety to your life, this will surely guarantee a less stressful ride and enough time to apply the brakes when needed. 
4. Say No to Cell Phones Behind the Steering Wheels - Unfortunately, while it  is banned to use the mobile phone while driving, we don’t hesitate to take a call or check a text without pulling over to the side. Research shows that a driver’s reaction times while on the cell phone are similar to reaction times of people with high blood alcohol levels. It is always better to pull over if you need to take a call. 
5. Forgive the Stupidity of Others - Yes, our Indian roads are full of people doing stupid things on the road that risks their own life as well as those of others, such as running across a busy street or weaving through fast moving traffic. Defensive driving is the best we can hope for in the country. So, always be alert for others making mistakes, since they are bound to happen. Don’t let someone else’s dumb move ruin your day!

In addition to all of the above, make sure you have updated auto insurance in your car at all times!