Archive | July 17, 2017

Points To Remember While Buying Health Insurance

General insurance are those which cover aspects of our lives that are not covered by life insurance. There are many insurance policies that come under the gamut of general insurance. Among these is health insurance or commonly known as mediclaim. Health insurance is the ideal add-on to your life insurance policy as it takes care of your well-being while you are ill or hospitalized. The difference between health insurance and life insurance can be summed as follows.

Health insurance provides benefits while you are alive.
Life insurance provides benefits after your demise.

Thus, one must be able to gauge from this the importance of health insurance. Therefore, it is imperative on everybody to have an effective mediclaim policy, moreover a policy that suits the need in the most appropriate manner. Health insurance provides a wide range of services under its aegis. For instance, it covers the expenses of hospitalization as well as pre-hospitalization, an ideal way to safeguard the health of your family during a medical exigency. Once you have bought a mediclaim policy it will get you benefits ranging from medical test to prescription drugs and everything in between including treatment services. The insurance provider will provide these multitudes of benefits in lieu of the premium that we ought to pay regularly in order to keep the policy running. Any lapse in the premium payment will make the policy worthless leaving you exposed to uncertainties. Thus we must make sure to pay our health insurance premiums on time in order to keep ourselves and our loved ones secured.

Before you buy a mediclaim plan, you must take in to cognizance some of the important points discussed below, as they will help you in selecting a health insurance plan that is best for you.

Not everybody can purchase a mediclaim policy. Different insurance providers have different age criteria for allowing individual to buy and get benefit of their health insurance. Therefore, this is the first thing that needs to be checked- eligibility.
Study the policy carefully and ascertain the coverage of the policy and then analyze its utility. Ideally health insurance policy must give cover to the policyholder along with the immediate family members that include dependent parents, children and spouse. This has to be in addition with the affordability of the health plan.
Individuals can also get cover from their employers in what is known as group insurance plan. One must check the nitty gritty of the health insurance plan to check whether their family members are covered by it or not. If not then he ought to purchase policy for the dependents.

These are some of the important points that need to be remembered while searching and applying for a mediclaim policy. Ignorance of the above mentioned point can keep you and your family members under-insured and many a times lead to paying out more for a given service. To avoid exposing yourself to dangers of financial stress one must make informed decision.

The Secure Banking Services At Your Fingertip!

In todays world, banking is transforming towards quality service, changing the way society moves, easy convenience and faster growth. Through advanced banking technology, banks offer opportunity to members to, save effortlessly, take risks and invest in projects wisely. Nowadays, wide segments of bank customers can avail banking services via mobile banking, internet banking, and phone banking to fulfill their banking needs. Here is how you avail these services on the go.

Mobile Banking

Mobile banking has been an effective option in todays world. It is a time where, almost every individual has or posses a mean to access online data and networks, including individuals in the rural area and senior citizens. With various options like, conveniently depositing money, easy access to banking facilities, fund transfers, and paying utility bills, you can now confidently use these services without any doubts. Themobile banking applications ensure safety, security, reliability, which is especially valuable for the senior citizens. They are preparing to offer services to customers so that they can access banking services through SMS, IVRS and GPRS. This will evolve communities in much smarter way and make them full efficient, but all it needs is high-level of research, analysis and development efforts.

Internet Banking

Banking and financial sector is expanding bounds and leaps in the internet banking sector. It is such a great convenience in remote areas so that people can easily deposit their money and have access to other banking facilities. Banks offer internet banking services to all the savings account and current account customers so that they can access various banking services through their desktops and laptops. It will minimize the visits to the branch, and evolve in the smarter way of banking.

Phone Banking and SMS Banking

With the automated technology, getting a personal loan, gold loan or house loan is all about making a missed call or sending and SMS. It seems like such a simple process, easily done from the convenience of the home, with a full security of the presence of the bank. Senior citizens can find out their balance with one SMS. Banks and financial institutions have recognized these daily evolving needs of convenience. So, they offer useful quick technology-based products with short processing time, high security and have started to work in that area. So now, as an individual who is accessing a personal loan, demat account or savings account, it will seem as easy as a single click of the mouse.