From financial planners to money gurus, the one standard tip you’ll always get is to buy a life insurance policy. It is that one product that would come to your rescue in case of any unfortunate event. While having life insurance is a must, claim settlement is the moment of truth for any policyholder.
Most people shy away from buying life insurance because of the perception that it is a sunken cost and claims could get denied. However, insurers continuously strive to maintain a high claim settlement ratio as it is indicative of the insurer’s financial health and performance. Claim settlement ratio reveals the percentage of claims settled by an insurer against the percentage of claims filed. Insurers take pride in a high ratio and therefore, strive towards paying all genuine claims at the earliest.
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Wage Redefined, Pay Reduced
Introduction of the new wage code from April 1 is likely to affect take-home salary for employees across public and private sectors but ensure a better retirement package
‘Invest Across A Wide Spectrum'
Actor Masumeh Makhija believes in diversity when it comes to planning her investments
SEIZE THE DAY, MY FRIEND!
It’s always, earlier the better, when it comes to planning for the time after you hang up your boots. It’s a longterm proposition and is often tangled with a host of duties and dreams. Saving from an early life smoothens the job but a late-starter is certainly not a no-getter.
Riding The Time Machine
Covid-19 has battered non-banking financiers, assets are in the throes of defaults, yet they have proved their resilience time and again, and crossed the bar. NBFCs – which throw the lifeline to the base of the pyramid – are fixed firmly on the ground with their unmatched ability to evolve into indispensability for the Indian economy
Lower Rate A Business Booster In Hard Times
Home loan interest rates have reduced over the last few months – at a time when the entire world went through one of the toughest phases. The economies have just begun reviving. A lower interest rate is the need of the hour to support the nascent resurgence in the Indian economy, says SBI Chairman Dinesh Khara in an interaction with Outlook Money. Excerpts from the interview:
Life Cover For Lives In The Lurch
Insurance regulator has issued a diktat for life insurance policies to cover transgenders but insurers see very few takers and buyers find the products too costly, too complex
It's Ease Of Doing Investments
Sebi plans to introduce regulatory-light regime with the debut of Accredited Investors in the Indian securities markets. The regulator faces a host of challenges to counter risks of investor frauds
Bank On Banks For The Nest Boom
BFSI stocks proved to be the best bet when everything went into a tailspin. A reviving economy pumps enough fuel in them to drive your funds to higher orbits
Always Invert To Get It Straight
Fill up your emergency bucket, house your interests in the investment bucket, and save in your dream bucket
Post Office Savings Schemes Banking On The Age
A higher risk appetite for faster and heftier returns divides India into two sections of investors. The seniors still trust the good-old Post Office Saving Schemes, while the juniors rush for new-age investment instruments.