In the work-from-home environment, even the danger from lifestyle diseases cannot be ruled out. Following a healthy-diet and wellness programme and an exercise regime could keep many of such unwanted ailments at bay. Sometimes hereditary but mostly with age the chance of having a life threatening life-style disease is financially a drain on the family. Of late, more and more people have started leading a healthy lifestyle backing it up with wellness programmes. This certainly helps but does not remove the risk of being hospitalised due to unforeseen events. The cost of hospitalisation, especially in urban locations, is increasing at a fast rate. According to a few studies done in the past, medical inflation in India is around 17 per cent annually, much above the general inflation level. The need for adequate health cover is increasingly becoming critical and consequently choosing the right health insurance plan has become very important. Let’s look at few important features that could help you take a more informed decision.
If you already hold a health plan (mediclaim or family floater), maybe its time to consider creating a second guard of defense through critical illness (CI) plan especially if approaching age 40. In health insurance getting a second layer of protection through critical illness plans pays in the long run.
Unlike a mediclaim plan the critical illness plans work slightly differently. It is a health insurance cover that provides financial assistance to the insured when he acquires a serious aliment such as cancer or has a stroke. Instead of reimbursing the actual amount of claim like an individual health plan or a family floater, a critical illness plan pays the entire sum insured. A CI cover provides a lump sum benefit which can pay for the costs for the care and treatment, recuperation expense and even could pay off your debt if taken. Regardless of your hospital expenses, the insurer pays the full sum insured. Further, no matter one holds several CI covers from different insurers, every such policy pays.
Continue reading your story on the app
Continue reading your story in the magazine
Tips to create wealth over long term by investing in mutual fund SIPs
Mutual fund has emerged as a popular investment option for meeting the longterm goals. The popularity of mutual funds is increasing day by day because of simplicity, transparency, and as a cost-effective tool to generate a high return compared to other investment options.
Investing in debt mutual funds: Things to consider before you invest in them
The interest rate has been falling creating a precarious situation for the senior citizens and retirees. Fixed-income investments are providing low yields and thus retirees are finding it difficult to manage their regular income needs.
01. Insurance sector has grown at a healthy 9.7% in 2020-21
Ask the Expert
Q Dear Sir, I am going to retire from my private company service after one year. I will not get any pension and my monthly expenses are expected to be around Rs. 50,000/-. How much retirement corpus I must accumulate to ensure that I am able to meet my expenses? -Ajay Sahni, Kanpur
MUTUAL FUND NEWS
01.Key officials in AMCs to get 20% salary in the form of MF units: SEBI
Health Insurance amid Covid-19: Know about plans, coverage, home care treatment and claim process
The Covid-19 pandemic in the country is having a big toll on the health and lives of the population. While it may too early to estimate the extent of damage to the economy, some of the impacts on personal finances may already be seen.
Should you bet on dividend yield funds?
One value-oriented mutual fund category that has made a comeback over the past year or so is dividend yield funds. The category has given investors an average return of 68.9 per cent over the past year.
Natural Ways To Prevent And Cure Diabetes
Diabetes is becoming an epidemic in India and everywhere. Diabetes is commonly known as the ‘high sugar’ problem. Currently, a fasting blood glucose (sugar) level of 126mg% or more is defined as diabetes. The blood glucose level is normally kept in range by a hormone called insulin, which is produced from the pancreas. Insulin controls blood glucose levels by allowing glucose to enter the cells so that it can be used as fuel by the body.
5 Mutual Fund Features To Help You Build A Robust Investment Portfolio
It has been a blockbuster performance of equity mutual funds in 2020-21. The return generated by most equity mutual fund schemes in the last 12-months has been nothing short of a spectacular performance.
How To Start Investing In Mutual Funds?
When you begin investing in mutual funds for the first time, you must take each step with a lot of care. Your initial experience must be pleasant so that you feel encouraged to keep on investing for your entire lifetime.
Get to Know Mareya
We sat down with this 25-year food-industry veteran and the entrepreneur behind natural produce-cleaning product line eat cleaner to find out just how she does it all.
Don't Boost Your Immune System, Balance It!
Instead of “boosting” your immune function, which is not always a good thing, focus on fine-tuning your body for optimal immune health.
A sign of God’s protection right when she needed it
WOUNDS AND THE WOMB
JULIE PETERS explores how to heal a relationship with the sacred womb, a place of death, life, and possibilities.
More uses for new mRNA technology
HOW NATUROPATHIC DOCTORS TREAT TOXIN EXPOSURE
IF YOU’RE THINKING ABOUT STARTING A DETOX REGIMEN, IT PAYS TO CONSULT AN EXPERT FIRST.
Does This DOG Know Whether You Have CANCER?
The canine nose is a marvel of nature. Science believes that a computerized model will save millions of lives.
IN SEASON Chickpeas (GARBANZO BEANS)
Chickpeas appear in early recordings in Turkey well over 5000 years ago. India produces the most chickpeas worldwide but they are grown in more than 50 countries. An excellent source of carbohydrates, protein, fiber, B vitamins, and some minerals, they are a nutritious staple of many diets. The name chickpea comes from the Latin word cancer, referring to the plant family of legumes, Fabaceae. It is also known by its popular Spanish-derived name, the garbanzo bean. Kidney beans, black beans, lima beans, and peanuts are other familiar foods found in this legume family.
8 SUPERSMART SUPERFOODS Your Kids Will Love
Having trouble getting your kids to eat healthily? When you package these superfood hits into your kid’s menu you can be sure you are giving them the nutrients they need and show them great nutrition is just around the corner!
Visiting the glory years of our parents
Obituaries – They’re really NOT for the dead