Insurance

Knowing the ideal path to a secure and protected life is what everybody desires; however, we rarely know what to do at the right time. Life Insurance taken at the right time not only provides peace of mind but also can be a source of income. What kind of insurance plan you take also decides the type of coverage you will have, along with other benefits.

Retirement Planning, though prevalent in the western world since long, is a relatively new phenomenon in the Indian society. The joint family system where a son took care of his parents, obliterated the need for retirement planning. A competent son used to be the best investment Indian couples made for retirement.

However, this has changed with the advent of urbanization, employment-led migration, nuclear families and rising aspiration levels of young Indian couples. Retirement planning has become a necessity in Indian society today.

We at BajajCapital feel that the new Unique Health Card announced by the honorable Prime Minister Shri Narendra Modi is going to be a game-changer for all the concerned stakeholders – the public/patient, the healthcare industry and the insurers.

Till now this information has been fragmented and the onus of retaining the same has been only on the patient himself and that poses a huge challenge as most of us don’t have the technology or the skills to be able to do it.

We have often read or heard about adding a critical illness component in our health insurance plan. Most people wonder whether it makes sense to include this add on in one’s health insurance policy. In this article, we will read about its importance and benefits so that one can take an informed decision.