What is it?Life insurance is a basic insurance policy that pays out a lump sum in the event of the death of the policyholder Often this type of insurance is used to ensure that your family or dependants dont suffer financially if you die. When buying life insurance, extras are often offered as a form of more comprehensive cover at an additional cost, this includes critical illness insurance.Critical illness insurance pays out a lump sum in the...more
Booming Health Insurance in IndiaIndian health insurance market has emerged as a new and lucrative growth avenue for both the existing players as well as the new entrants. It represents one the fastest growing and second largest non-life insurance segment in the country. Despite adverse economic environment across the world, the Indian health insurance market continued to post record growth in the last two fiscals (2008-09 and 2009-10). Moreover,...more
Traditionally there has been little thought given to easing the financial suffering of those families whos children suffer from disease. However over the last few years insurers have realsied the importance of family insurance with many now offering automatic life and critical insurance for children. Insurance provider Zurich provided has been at the fore front of promoting critical illness cover for children and now offers free critical illness cover for children up until the age of 17 at no extra charge to the policy holder. The provider have also claimed that since 2008 they have paid out 975,000 to 60 families whose children were affected by a critical illness.Similarly insurance giant Aviva are now offering new parents free life cover of up to 10,000 for their new born until they reach their first birthday. This is in response to Avivas shocking research that over 40% of new parents do not have any life cover in place. Additionally those who do have cover in place almost 20% of those only have enough to cover their mortgage.Even with dramatic advances in medical technology the number of children being diagnosed with cancer has changed very little in the last 40 years and still...more
Direct Life and Pension Services (DLPS) has now teamed up with PruProtect. PruProtects advisors now have access to the LifeQuote Protection Portal allowing them to compare the various pricing options available across all variations of PruProtects serious illness insurance policy.PruProtect offer a wide range of products, using the LifeQuote...more
Statistics in the last decade state that 1 in 3 people in Britain will be diagnosed with cancer at some stage in their life. Although continual ongoing medical research means the chances of survival are higher the threat of suffering from such an illness is still very apparent.Almost 55% of claims made on critical illness insurance were cancer...more
On diagnosis of a life threatening illness, critical illness insurance will pay out a tax free lump sum which can give the policy holder a welcome financial boost. This type of insurance can be taken out separately or alongside a traditional life insurance policy. However taking out critical illness insurance has both advantages and disadvantages.AdvantagesA tax free lump sum - is paid out within 30 days of diagnosis of a life-threatening illness meeting the specified criteria. This can be used in whatever way you see fit and often the policy holder will take out critical illness insurance to cover mortgage payments.Up to 30 diseases covered generally all critical illness insurance policies will cover 7 core conditions including cancer, strokes, heart attacks, major organ transplants, kidney failure, multiple sclerosis and coronary artery bypass. Any additional illnesses covered will be detailed in the key features document provided by the insurer. Protection for dependants - Critical illness insurance is considered almost essential for those who have dependants. Most insurance providers understand the need to protect your family and many now offer automatic critical illness cover...more
Texas Health Insurance: Children Caught In The War Over Healthcare Texas has the lowest percentage of residents protected by health insurance in the entire country. Only one in four have any form of Texas health insurance at all. Media...more
Before we start our discussion about Medicare supplement plans we have to know the basic thing that what it is and what it stands for. To be precise the Medicare supplement plans or Medigap is the private health insurance plans that are for those...more
Medicare plan is very much needed to secure health for future as you never know when an accident will happen. Basically after your retirement health come out to be a big concern. This time health insurance is surely very helpful and required. But it...more
Does your health care insurance policy meet the minimum standards? Do you know what is NOT covered? How good is their network of physicians? How well is it priced? Are you getting the best deductible?You should be sure that your medical care...more
It is the age of invention and technology. When any difficulty arises then it is tried to solve this problem by new invention. Technological improvement helps you a lot to find the solution to almost every problem. Nowadays every woman is bothered...more
Doctor Ray is not an anonymous person but he is a star of the world famous series Dr 90210. He is not only a star but Hollywoods leading plastic surgeon as well. Dr Robert ray partnered with famous lingerie expert, Bruno Schiavi, to launch an...more