#buy 1 crore health insurance

[naukrisambad]

The Comprehensive Guide to 1 Crore Health Insurance

The Comprehensive Guide to 1 Crore Health Insurance: Complete Coverage for Your Peace of Mind: In today’s uncertain world, ensuring adequate health coverage is paramount for safeguarding yourself and your loved ones against unexpected medical expenses. 1 Crore Health Insurance is gaining popularity as a comprehensive solution that offers extensive coverage and financial security. In this guide,…

[believersia]

Important Government Schemes for UPSC 2024

When preparing for the UPSC exams, a thorough understanding of various government schemes is crucial. Here’s a detailed look at some significant schemes you should focus on for the 2024 examination:

1. Pradhan Mantri Jan Dhan Yojana (PMJDY)

Objective:

To ensure access to financial services, namely Banking/Savings & Deposit Accounts, Remittance, Credit, Insurance, and Pension in an affordable manner.

Key Features:

Account Opening: Zero balance savings accounts.

RuPay Debit Card: Free issuance to all account holders.

Overdraft Facility: Up to ₹10,000 is available after six months of satisfactory operation.

Insurance Cover: Accidental insurance cover of ₹2 lakh and life cover of ₹30,000 for accounts opened up to 28th August 2018.

Achievements:

Increased financial inclusion.

Enabled direct benefit transfers.

2. Atal Pension Yojana (APY)

Objective:

To create a universal social security system for all Indians, especially the poor, the under-privileged, and workers in the unorganized sector.

Key Features:

Age Eligibility: 18 to 40 years.

Pension Benefits: Minimum guaranteed pension ranging from ₹1,000 to ₹5,000 per month.

Contribution Period: Minimum of 20 years.

Government Co-contribution: 50% of the total contribution or ₹1,000 per annum, whichever is lower.

Achievements:

Promoted retirement savings among unorganized sector workers.

Enhanced social security.

3. Pradhan Mantri Awas Yojana (PMAY)

Objective:

To ensure housing for all by 2022 by providing affordable housing to the urban poor.

Key Features:

Beneficiary Categories: Economically Weaker Section (EWS), Low Income Group (LIG), Middle Income Group (MIG).

Subsidy: Credit-linked subsidy for home loans taken by eligible urban poor to buy, construct, or renovate a house.

Technology Sub-Mission: Promotes use of modern, innovative, and green technologies and building materials.

Achievements:

Significant increase in housing development projects.

Improved living conditions for the urban poor.

4. Ayushman Bharat Yojana (PM-JAY)

Objective:

To provide health cover of ₹5 lakh per family per year for secondary and tertiary care hospitalization to over 10 crore poor and vulnerable families.

Key Features:

Coverage: Covers both pre-hospitalization and post-hospitalization expenses.

Cashless and Paperless: Services across all public and empaneled private hospitals.

E-Cards: Issued to the beneficiaries for access to healthcare services.

Achievements:

Improved access to quality healthcare.

Reduced out-of-pocket expenditure for medical treatments.

5. Swachh Bharat Mission (SBM)

Objective:

To achieve universal sanitation coverage and to put focus on sanitation.

Key Features:

Gramin (Rural): Focus on eliminating open defecation through construction of household-owned and community-owned toilets.

Urban: Focus on 100% scientific management of municipal solid waste.

Behavioral Change: Extensive Information, Education and Communication (IEC) activities to promote hygiene practices.

Achievements:

Increased toilet coverage in rural areas.

Enhanced cleanliness and hygiene across urban areas.

6. Beti Bachao Beti Padhao (BBBP)

Objective:

To address the declining Child Sex Ratio (CSR) and related issues of women empowerment over a life-cycle continuum.

Key Features:

Multi-Sectoral Action: Involvement of Ministries of Women and Child Development, Health & Family Welfare, and Human Resource Development.

Focus Areas: Enforcement of Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) Act, promoting girl child education, and generating awareness about gender equality.

Achievements:

Improved awareness and advocacy on gender equality.

Positive changes in the Child Sex Ratio (CSR).

7. Make in India

Objective:

To transform India into a global design and manufacturing hub.

Key Features:

Sectors: Focus on 25 sectors including automobiles, textiles, biotechnology, and electronics.

Ease of Doing Business: Simplification of policies and regulations to attract foreign investment.

Skill Development: Initiatives to develop skills required for manufacturing and other sectors.

Achievements:

Increased Foreign Direct Investment (FDI).

Boosted manufacturing sector growth.

8. Skill India Mission

Objective:

To provide market-relevant skills training to over 40 crore youth by 2022.

Key Features:

Pradhan Mantri Kaushal Vikas Yojana (PMKVY): Short-term training and recognition of prior learning.

National Skill Development Corporation (NSDC): Facilitates private sector participation in skill training.

Skill Loan Scheme: Financial assistance for skill training programs.

Achievements:

Enhanced employability of the workforce.

Bridged the skills gap in various sectors.

9. Digital India

Objective:

To transform India into a digitally empowered society and knowledge economy.

Key Features:

Digital Infrastructure: High-speed internet, digital identity (Aadhaar), and mobile connectivity.

E-Governance: Online access to government services.

Digital Literacy: Initiatives like the National Digital Literacy Mission (NDLM).

Achievements:

Improved access to government services.

Increased digital literacy and internet penetration.

10. Jal Jeevan Mission

Objective:

To provide safe and adequate drinking water through individual household tap connections by 2024 to all households in rural India.

Key Features:

Community Participation: Involvement of local communities in water management.

Sustainable Water Supply: Focus on sustainable water sources and efficient use of water.

Technological Intervention: Use of technology in monitoring and ensuring water quality.

Achievements:

Increased household tap connections.

Enhanced water supply management in rural areas.

Familiarize yourself with these schemes, understand their objectives, features, and achievements, and keep abreast of any updates or new schemes introduced by the government. This will not only help you in the UPSC exams but also in understanding the broader context of India’s developmental policies.

[investment-insider]

5 Points to Consider before buying Term Insurance

Term insurance plans have grown in popularity among people seeking life insurance coverage due to their low cost. Unlike investment plans, term insurance policy only charge for life coverage and do not include any additional expenses for an investment component. Here are some important points to bear in mind while getting term insurance. 1. Suitability for a Term Plan: Life insurance premiums are determined by underwriting processes. The health evaluation is an important part of the term insurance underwriting process. Young and healthy people often have cheaper premiums. In addition, income, education, and employment all have an impact on the qualified life cover amount. 2. Payout alternatives: Newer term plans offer variable payout alternatives instead of typical lump sum payments to beneficiaries upon death. Policyholders have the option of making a single payment or receiving recurring monthly payments over a certain time. Staggered plans provide both monthly income and growing monthly income choices, with the latter altering payments over time depending on inflation and lifestyle changes. 3. Single or Regular Premiums: Single premium term plans need a one-time payment for insurance. This option is ideal for people who are concerned about forgetting to pay their periodic premiums. In contrast, regular premium term plans let payments to be stretched out over time, making premiums more reasonable.

Choosing the Right Life Coverage: Provide enough life insurance to guarantee beneficiaries are sufficiently supported by the term plan. A amount secured of at least ten times one's yearly salary is a good starting point. For example, with a yearly income of Rs. 12 lakh, a term plan with a total insured of Rs. 1.2 crore is recommended. 5. Policy Tenure Selection: It's crucial to carefully choose the policy tenure. A term plan is designed to offer financial support in the policyholder's absence. Ideally, the tenure should coincide with retirement, resulting in no monthly income for premium payments and financial independence for dependents. Thoughtful preparation avoids the need for a new, perhaps costly term plan later in life.

6. HDFC Life provides cheap term insurance products suited to individual needs. For example, HDFC Life Click 2 Protect Life is intended to give financial support in the event of death, incapacity, or sickness. HDFC Life's term insurance can help you secure the future of your loved ones. Say yes to term insurance now!

[neethypaksham]

MP Assembly Elections: Cong Manifesto Promises to Buy Cow Manure, Farm Loan Waiver, IPL Team | NewsClick

MP Assembly Elections: Cong Manifesto Promises to Buy Cow Manure, Farm Loan Waiver, IPL Team

The party launched its Vachan Patra on Tuesday at Bhopal; the 106-page long manifesto has 59 promises, including unemployment allowance for youth

Bhopal: Cow manure at Rs 2/kilo, health insurance cover up to Rs 25 lakh, paddy Minimum Support Price (MSP) at Rs 2,500 per quintal and wheat at Rs 2,600 per quintal, an Indian Premier League (IPL) team of the state, are some of the promises the Congress has made in its manifesto 'Vachan Patra'.

The Congress party launched its Vachan Patra on Tuesday at Bhopal's Ravindra Bhawan ahead of the Assembly polls in Madhya Pradesh due on November 17 this year. The votes will be counted on December 3.

"We tried to cater to the needs of all sections of society in the manifesto," said Kamal Nath, launching Vachan Patra. "It was prepared after long hours of meetings, and we will fulfil the promises."  

The cow manure scheme was adopted from Chhattisgarh, and health insurance up to Rs 25 lakh from Rajasthan.

In the media briefing, Congress reiterated its previous promises, including implementation of the Old Pension Scheme (OPS), caste census, farm loan waiver up to Rs 2 lakh, farmers' power bill waiver, 27% reservation to  Other Backward Classes (OBCs), financial assistance of Rs 1,500 a month to women, subsidies electricity, financial assistance of Rs 500 to 1,500 to school students, LPG at Rs 500, fill two lakh vacant posts including backlogs and others.

The 106-page manifesto has 59 promises, including unemployment allowance for youth ranging from Rs 1,500 to Rs 3,000 per month for two years, Rs 1.1 lakh to girls under Beti Vivah Yojana, Rs 25,000 remuneration to journalists and others. Loans for women entrepreneurs, housing for rural homeless women, and free transportation on metropolitan bus services. 

The Congress has also promised to make laws ensuring nine guaranteed rights, including Right to water, right to health, right to electricity, right to education, right to fertilisers, right to home, right to income, right to employment and right to social justice.   

When asked what is new in the 2023 Manifesto, the manifesto committee head, Rajendra Singh, said, "Health insurance scheme, fixed MSP on wheat and paddy, monthly stipend to school students between 1 to 12, formation of probe panel to look into the corruption cases of recruitment." 

When asked whether these schemes are financially feasible when the state has a debt of over Rs 4 lakh crore, he replied, "When we announced farm loan waiver, the then finance minister Jayant Malaiya had said that the government coffer is empty, how they would do it. But the 15-month of Congress government waived off farm loan of 27 lakh farmers. We have only announced those schemes which are financially feasible and taken help from experts." 

When asked whether the Congress government would review the last six months' announcements of the present government, Congress national spokesperson Abhay Dubey said, "Every government reviews the last six months of functioning and announcements when came to power. We would do the same if voted to power." 

Commenting on the manifesto, political expert Arun Dixit said that with populist announcements, the Congress has tried to make everyone happy. "From cow, religion, farmer, women, youth, old age, the Congress is trying to pamper every section of the society." 

"The Kamal Nath government is said to have proposed the formation of Vidhan Parishad in the first cabinet," he said, adding that the kind of announcements the Congress has made would be difficult for the Bharatiya Janata Party (BJP) to counter. 

The Congress has released a list of 144 candidates, and the incumbent BJP has released a list of 136 candidates. 

In a media briefing, an hour after Congress launched its manifesto, BJP's state president, VD Sharma, said, "It's a bundle of lies. Instead of offering anything that they have promised in the manifesto, they would wrest the money poor." 

Chief Minister Shivraj Singh Chouhan said, “Kamal Nath made 900 promises five years back but did not implement even nine of them. People do not trust Congress and know the BJP fulfils its promises. The Congress will not be able to mislead people.” 

Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh, and Mizoram are going to polls between November 7 and 30, while the results will be declared on December 3. This is the last major electoral exercise ahead of the 2024 national elections.

With 29 Lok Sabha and 11 Rajya Sabha seats, the Congress hopes to return to power in Madhya Pradesh. The party has set a target of winning 150 of the 230 seats in the state. The Congress, which came to power after 15 years of BJP rule in 2018, lost power to the BJP in March 2020 after 22 legislators defected to BJP with Jyotiraditya Scindia.

[yamini29]

Buy Super Top Up Health Insurance: Covers up to 1 Crore

Super Top-Up health Insurance plans will help you take care of all the costs of treatments that cover up to 1 crore of your medical expenses. Know More!.

[sojack977]

Buy Super Top Up Health Insurance: Covers up to 1 Crore

Super Health Top-Up Insurance plans will help you take care of all the costs of treatments that cover up to 1 crore of your medical expenses. Know More!.

[bimakaroin]

Compare & Buy Best Term Life Insurance Policy for Your Life Stage

What are the Benefits of Term Insurance policy?

 You might have numerous financial goals, but life is unpredictable, and you don’t know what’s there in the next moment. Sudden death can risk these objectives as well as can leave your family in a stressful situation. In such troublesome occasions, however, no measure of cash can supplant the absence of a dear one; yet, a term insurance plan financially secured your family when you are not with them. 

 Term life insurance is a sort of extra security plan that gives death benefit to the policyholders for a fixed-term period. That is, in the event that the policyholder bites the dust during the policy term, at that point, the insurance coverage amount is given to the beneficiary of the policy. 

 A term insurance plan doesn’t give maturity benefits like conventional, money back or market-linked life insurance policies, yet offer a lot higher insurance coverage for a lesser premium amount. 

 In this blog, we clarify what term insurance is and inform you about the major benefits of term life insurance. 

 Term Insurance Plans are easy to comprehend: Simplicity is one of the primary reasons for the increasing popularity of term plans. Term insurance policy is a pure protection plan that centers around offering your dependents financial security in the form of a lump-sum insurance coverage amount in case of your demise. All you require to make sure is that the premium is paid as per its schedule. Term insurance premiums are as low as 0.1 percent of the total sum assured.

 Term Plans offer a lot higher sum assured in contrast with conventional plans: The total insurance coverage amounts for ULIP, endowment and other traditional policies are around 7 to 10 percent of the yearly premium. So for instance, if you pay an annual premium of Rs 20,000 then according to the plans mentioned about you will get a coverage of Rs 2 lakh which will scarcely cover your family’s costs for a couple of months. 

 Whereas, a term insurance policy offers a higher sum assured at a considerably low premium cost, ensuring that there are enough funds for the family such that they don’t experience budgetary difficulty in your absence. The cover that term insurance policy offer is about 60 times higher as compared to ULIP and other conventional policies.

 Premiums are fixed throughout the term of the policy: When you buy a term insurance plan, you are viably locking the premium for your entire policy term. And this is why it turns out to be profoundly useful for you to start your term plan as early as possible that means in your younger age. Let’s take an example – if you buy a term plan worth coverage of Rs 1 crore at the age of 30 years then the premium would be around Rs 10,000, and in case you buy the same policy at 45 years of age then the premium would come about Rs 30,000.  

 Term plans offer a host of tax benefits: While the essential purpose behind purchasing term insurance plan is making sure about your family’s future; however, you additionally get the benefit of tax deduction. So, how about we take a gander at its three term insurance tax benefits.

Segment 80C: You can avail up to Rs 1.5 lakh yearly for the     premiums paid towards term insurance policy along with certain other     investment and purchases under Section 80C of Income Tax Act. 

Section 80D: This exclusion is permitted on the premiums paid     towards health insurance coverage such as critical illness riders. You can     claim up to Rs 25,000 for the premium paid towards it. 

Section 10 (10D): This benefit is available on insurance coverage     payout wherein the whole sum is totally excluded from the taxes.

 So, as talked about in the article, term insurance has a few advantages. It gives higher insurance coverage to a lower premium; it’s easy to comprehend and accompanies several tax breaks. However, before calculating all the benefits, you ought to remember the main objective of term insurance is protection and not savings. Therefore, it is imperative for you to understand your requirements and know the benefits of term life insurance, such that you can make a sound decision. To learn more about term plans, visit BimaKaro.in today, get free customised quotes based on your eligibility and requirement and then make your pick.

 Source: https://bimakaro.in

[bimakaro]

It is essential to shield your family from eventualities whether you are with them or not. Term life insurance goes about as a defensive shield for your family against the unpredictable conditions of life. In your absence, a term life insurance guarantees that your loved ones are not left abandoned and are financially secured. Term plans are accessible at reasonable expenses based on your age and health condition. And additionally, you get the choice to decide for a lumpsum payout or a fixed monthly payout of the death benefit amount.

One of the vital steps in getting a term plan is going through a medical evaluation before purchasing the policy. In any case, there are other ways, as well. Some insurance companies do offer a term insurance plan without conducting medical tests.

Since the well-being of the policyholder is one of the vital components in determining the premium amount, the majority of the insurance providers incline taking medical examination beforehand as it gives the insurer a reasonable thought regarding the risk involved and will increase the premium cost in case of any previous ailments. The insured person can also opt for add-on riders.

Be that as it may, a few insurance companies offer a term plan without medical examination at all. This is usually applicable if the sum assured is not more than Rs 1 Crore. The insured person, in that case, is required to provide details regarding his or her prior or existing medical condition. While this saves time and costs involved with the medical tests, it increases the significance of perusing the fine prints of the different policy document before finalising on one.

Important points to remember Before Purchasing a Term Plan Without Medical Examination

Be truthful to the Insurer: It is critical, to be honest, and transparent with your insurance provider when you are purchasing a term plan without medical tests. Inform your insurer beforehand if you have gone through any medical treatment in the past or going through some treatment for any critical diseases. Hiding away the critical piece of information about your health may appear to be enticing at the hour of purchasing the policy, it can result in substantial financial loss in the event of a crisis or during claiming the policy benefits. This may leave your family in a distress situation.

Your Lifestyle Habits: You should clearly mention about your lifestyle habits to your insurer. For instance, if you are a chain smoker or have a high liquor consumption, then the insurer may increase the premium rate considering the risk factor involved with the insured’s life in future. This, however, won’t adversely influence your insurance coverage amount or the death benefit claim amount.

Would it be a good idea for you to buy term plan without a medical check-up?

While selecting a term plan without medical tests can appear to be more helpful, but it accompanies certain limitations in contrast to the term plan with a medical examination. Policy premiums are determined considering the risk factor involved with the insured’s health, and that is why insurers insist on undertaking medical tests. Moreover, a term plan without medical check-up may result in more claim rejections on the grounds of hidden or false information on the part of the policyholder. A medical test precludes this chance. On the other side, buying term plan without medical tests is considerably more helpful and efficient.

But is it a smart thought to put resources into a term protection plan? Needless to mention about the significance of term insurance plan. These policies are specifically designed to provide comprehensive protection without burning a hole in your pocket.

Term plans are also flexible in terms of the policy tenure and the different payout options to choose from. As in the case of policyholder’s sudden demise within the policy term, the payout can be made either in lumpsum or in instalments as determined by the insured. The affordable premiums of the term plans are decided based on the insured’s age, health condition, lifestyle etc.

If you are also searching for a term insurance plan and don’t wish to go through a medical test, then several insurance providers offer the same. However, it is necessary to go through the terms and conditions of various policies and then choose the one that is best suited for you. Do remember that insurance providers don’t force the insured to go through a medical test if the policy applicant is young, and the sum assured is not excessive.

Having a term protection strategy is the right way to secure the future for your loved ones. It is affordable and gives a decent spread when you are not actually present. While purchasing a term protection plan is an incredible choice, you can choose one with or without medical test based on your accessibility and other conditions. To know more about term plan without medical examination, visit BimaKaro.in today.

[plusuptech-blog]

LIC Term Plan Insurance Today New First in 2020

LIC Term Insurance Plan: Review Insurance Plan in 2020

Hello, How are you guys? I hope you all are healthy and well. It is still going in 2020. And in 2020, the world is on the verge of being 20-20. Are you understanding what I am saying to all of you?

Meaning, friends, you all know COVID-19 is going on in the world now. And in today's time, people are very conscious about their health. I also request all of you to take care of your health.

In today's time, everyone is taking Health Insurance, do you know which insurance is best for you. So that you can take care of your health as well as the health of your family.

What is Health Insurance?

In today's time, everyone knows what is Health Insurance. Again, it is my job to tell you small things as well, Friends Health Insurance is the one in which we can get the protection of our Health. Again, it is my job to tell you small things as well, Friends Health insurance is the one in which we can get the protection of our health. We have to buy this security in the name of insurance. And this protection has to be bought while we are alive.

According to my knowledge, There are 2 types of Insurance, the first one is the Normal Insurance Plan and the second is Term Insurance Plan.

Normal insurance:  Normal insurance is that in which we select monthly or yearly plans till some minimum age, after that we get that money back after a while by adding some interest. But there are also some people who cannot fill normal insurance on time, they always incur late fees. I advise those people not to buy a normal Insurance Plan.

Because if we do not pay for normal Insurance on time, then we have to pay late fees. And after several years we are given back by adding some%.

Some people can fill such plans only for a few years. After that, forget that money and even such insurance. Which means a direct loss to the general public. If you can fill normal Insurance in time, then it is best for you otherwise it is not a plan for you.

Term Insurance Plan: Now let's talk about the Term Insurance Plan. Let me tell you, I like the Term Insurance Plan very much because it is a feature of this plan that we do not have to pay money every month. And this term insurance plan is very cheap.

In this Term Insurance Plan, we have to pay installments 1 time in 1 year, in the meantime, if a user gets a problem, then the company with the Term Insurance Plan takes all its full expenses, it depends on which plan you take. For one crore term plan, it takes about 10 thousand rupees for 1 year.

Bank employees will never talk to you about a Term Insurance Plan. Neither will you give any term plan. Because there is no benefit in the term plan except for the customer. Banks and bank employees benefit greatly in the normal Insurance Plan.

Once in a term plan year, the bank employees get the benefit in 1 year whereas, in the normal plan, the customer submits his installments month to month, which benefits both the bank and the bank employees. While the customer is at a disadvantage. If he does not pay his installments on time.

Life Insurance Vs Other Savings.

Life Insurance Vs Other Savings. It is very difficult to say these two words in one word. Life Insurance Vs Other Savings. If I tell the meaning of these two words, then one meaning is the same. Because in Life Insurance, we deposit a fixed monthly installment, irrespective of whether it is LIC life insurance or in any bank. In Life Insurance, we have to deposit payments for many years, after which some commission is added and given back to us. Another benefit of Life Insurance is that we also get accident insurance which we do not get this benefit in other Savings.

You must do life insurance because in life insurance you get accident insurance, God bless you, if something happens to you then even if something happens, you will get accident insurance also. Whereas if you save a payment in a bank, then you will get some% interest only.

Home Loan Investment Bank.

Who Can Buy A Policy?

Anyone can buy insurance or policy. There are some rules for getting LIC policy for children, keeping them in mind, you can get a policy plan or insurance for your children. If you are thinking of getting health insurance, then your health test can also be done. So that you can know the status of your health.

More Plans Visit:

https://Plusuptech.com

Final Word- All this information is based on my knowledge, to know more about the LIC plan go to the LIC office or LIC official website.

[shreyasinghh11]

Why is It High Time to Get Health Insurance?

Health insurance covers a wide range of expenses associated with medical care in return for regular premiums paid by the insured. Nowadays, health plans cover costs of not only hospitalization but also daycare treatment, ambulance and more. Health insurance claims in India increased more than 257% in 2021[1] , compared to 2020, highlighting the rising awareness of the benefits of buying health cover. In fact, the health insurance market in the country is expected to grow exponentially at a CAGR of 10.1% during 2021-2027[2] .

The COVID-19 pandemic has played a crucial role in this growth. However, as of January 2022,      more than 56 crore Indians [3] were not protected by any kind of health plan. If you too are nt protected by health cover, take a look at why it is has become indispensable.

Medical Inflation

The health inflation rate has been on the rose, spiking to over 8% in May 2021[4] . The factors that have contributed to this include:      

Rising health awareness leading to changes in consumer behavior.

An increase in the access to and availability of medical services.

An increase in hospital staff fees, cost of hospital consumables, utilities, technology, etc.

Medical advancements like new technologies and drugs to treat conditions, untreatable previously, and new-age diagnoses to detect illnesses more accurately.

Therefore, it's important to get a health insurance plan that offers cashless treatment at over 6,500 hospitals, protecting you against inflation at affordable premiums. Make sure it covers all kinds of treatment, including allopathy, AYUSH and advanced treatments.

Increase in Life Expectancy

     Life expectancy in India has gone up from 69.73 in 2020 to 70.19 in 2022[5] . However, aging also means dealing with various types of medical conditions. In fact, almost 2 out of every 3 elderly Indians suffers from a chronic condition[6] . So, with an increase in life expectancy, medical bills are only likely to rise

However, the health of young people is also at risk, given our stressful lifestyles, rising pollution and more. Lack of physical activity and irregular food habits are the primary causes of lifestyle diseases in 70% of teens[7] . Eating more junk food, smoking, drinking and lack of adequate sleep and exercise can increase the risk of conditions like heart disorders.

Therefore, irrespective of age, you need a health insurance plan that can serve you for a lifetime. Choose one that can be customized to changing life stages, such as with coverage enhancements.

Rising Occurrence of Critical Illnesses

The prevalence of critical illnesses like cancer, cardiovascular diseases, renal diseases and lung diseases has also been on the rise. For instance, cancer cases in Karnataka are likely to rise by 11.4% by 2025, as compared to 2020[8] . Therefore, it is crucial to get a health plan that covers as many critical illnesses and their procedures as possible. Additional facilities like access to online wellness programs, diagnosis anywhere in the world and options of staggered or lumpsum payout can be beneficial too. Besides this, a COVID-19 health insurance plan is also the need of the hour.

Financial Instability

The pandemic has significantly affected the economy and led to financial uncertainty, with many even losing their jobs. In this scenario, an insurance plan that covers against job loss with a lumpsum payout option and offers financial support for a better tomorrow can help considerably.

Health Protection on the Move

As COVID-19 vaccinations increase, travel restrictions are being removed. With more and more people returning to travelling within and outside India and pursuing higher studies or jobs abroad, a good health plan with domestic and global cover has become important.

Leading insurance providers like Manipal Cigna offer a range of health insurance plans addressing the varied needs of Indians. Choose the most suitable plan to protect yourself and your family against the financial burden of medical care.

[marketresearchindia]

India Home Healthcare Market Size, Share and Research Report 2022 : Ken Research

Buy Now

The India Home Healthcare Market report titled “India Home Healthcare Market Outlook to 2025 (Second Edition)– By Patient Profile (Elderly Care, Post Operative Care, Physiotherapy, Palliative Care, Stroke Rehabilitation and Others), By Organized (Subscription and Non-Subscription Model) and Unorganized, By Patient Age Profile and By Major Cities" provides a comprehensive analysis on the Home Healthcare Market of India. The report covers various aspects including market introduction, ecosystem, business model, the market size by revenue, market segmentation by the profile of patients, by organized and unorganized market, by subscription and non-recurring models, by region/tier, and by age group of patients. It also provides insights on the setting up of home healthcare agency in India, QAI accreditation, pricing solutions offered in the market, competition scenario, SWOT analysis, company profiles of major players in the market, growth drivers, trends and developments, and issues and challenges in the industry. The report concludes with future market projection for the home healthcare industry, the impact of COVID-19, and analyst recommendations highlighting the major opportunities and cautions for the India home healthcare market.

India Healthcare Market Overview

Healthcare has become one of the largest sectors in India, in terms of revenue as well as employment. Healthcare comprises hospitals, medical devices, pharmaceutical goods, medical equipment, and services like doctor consultations, clinical trials, telemedicine, e-health services, health tourism, home healthcare, and health insurance among others. The Indian healthcare sector has been growing majorly due to greater coverage, expansion of services, and increasing public and private expenditure in this sector. The overall market size of the healthcare market in India estimated to be at INR 1,070k Crores as of FY’2019.

Request For Sample Report- http://kenresearch.com/sample-report.php?Frmdetails=MzM1Mjc1

India Home Healthcare Market Overview

The home healthcare market in India is still in its early growth stage with the presence of a large number of players, with some offering only a single specialty service to others offering multiple services across various regions. The organized market has witnessed high growth in 30-35 companies and they have gained the utmost brand visibility and traction in terms of sale of services across various regions. The overall market size has grown at a CAGR of 17.2% over the past five years.

India Home Healthcare Market Segmentation

By Region/Tier of Cities:  Tier 1 cities contribute the highest share to the total market size of the home healthcare market in India. The market share of tier 1 cities alone stands somewhere over 76.0% in the overall market. Major cities such as Delhi/NCR, Mumbai, Chennai, Bangalore, Hyderabad, Jaipur, Ahemdabad, Kolkata, and Pune have shown major shifts in demand from traditional healthcare services to home healthcare services.

By Market Structure: The Indian home healthcare market is currently dominated by the unorganized sector. The organized sector constitutes a rather small part of the total home healthcare market size of the home healthcare market in India. The unorganized sector still dominates the market as the home healthcare market is still in its early growth stage and major players are still working on establishing their presence beyond Tier-1 cities. Although we have seen some tremendous growth in a few cities, a paradigm shift in demand is yet to be seen in this sector basis PAN India.

By Age Group: Patients above 60 years of age contribute to the lion’s share to the home healthcare market in India. Services availed by people above the age of 60 include elderly care, homecare pertaining to a chronic ailment, physiotherapy among others.

Patients between 40-60 years contribute the second largest share followed by patients of age groups of 20-40 years and 0-25 years

By Subscription and Non-Recurring Model: Subscription models make up for a smaller proportion as they are yet to gain popularity and the industry has seen numerous cases of patients opting out of these subscriptions before the stipulated time owing to service quality inconsistency.  Another reason for the popularity of non-recurring models oversubscription model is the lack of insurance coverage. Insurance is bound to make homecare services more affordable for the patients and thus, subscription models may witness growth in this aspect.

By Profile of Patients: Elderly care services constitute the largest part of the home healthcare services market. The other segments include physiotherapy, stroke rehabilitation, palliative care, and others. These segments contribute relatively lower proportions to the total market size.

Competitive Landscape

The home healthcare market in India is in its early growth stage. The market shows a lot of potentials to grow over the coming years due to the shift in preferences and types of services demanded. The current market structure is highly fragmented with a high proportion of unorganized players as compared to organized players. The major players in the market compete on factors such as brand value, services offered, expertise and coverage, deliverable workforce, QAI accreditation, clinical outcomes among others. The major players in the market include Portea Medical, Medwell Ventures, Healthcare AtHome, Care24, India Home Health Care, CallHealth, Bharath Home Medicare, and Apollo Homecare among others.

India Home Healthcare Future Outlook

The India Home Healthcare Market is expected to grow at a positive CAGR of 19.2% during the period FY’2019-FY’2025. The growth is expected to be driven by factors such as the rise in the geriatric population, increasing demand for convenience-based healthcare services, increasingly unhealthy lifestyles of the younger population leading to a higher prevalence of chronic diseases among others. In addition, the expected onset of regulations, introduction of QAI accreditation and the measures to bring home healthcare services under the purview of insurance are also expected to help the market grow further in the coming years.

Key Segments Covered

India Home Healthcare Market, FY’2014-FY’2025

India Home Healthcare Market Segmentation, FY’2019-FY’2025

By Market Structure (Organized and Unorganized)

By Region/Tier (Tier 1, Tier 2and Tier 3 cities)

By Age Group (0-25 Years, 25-40 Years, 40-60 Years and Above 60 Years)

By Profile of Patients (Elderly care, Physiotherapy, Post-Operative Care, Stroke Rehabilitation, Palliative Care and Others )

By Subscription and Non-Recurring Model

Key Target Audience

Homecare Providers

Hospital Chains

Private Sector Investors

Healthcare Regulatory Bodies

Government and Industry Associations

Medical Device Companies & Distributors

Pharma Manufacturing and Distribution Companies

Time Period Captured in the Report:

Historical Period – FY’2014-FY’2019

Forecast Period – FY’2020-FY’2025

Companies Covered:

Portea Medical (Health Vista Pvt Ltd)

Healthcare AtHome

Medwell Ventures

Care24

CallHealth

Apollo HomeCare

India Home Healthcare

Critical Care Unified

Bharath Home Medicare

Key Topics Covered in the Report

India Home Healthcare Market Introduction

India Home Healthcare Market Business Model

National Health Statistics

India Home Healthcare Market  Size by Revenue in INR Crores

India Home Healthcare Market  Segmentation

Setting Up a Home Healthcare Agency in India

QAI Accreditation Process and Fees

Pricing Analysis of Various Home Healthcare Services

Competition Scenario of India Home Healthcare Market

Company Profiles of Major Home Healthcare Providers

SWOT Analysis and Growth Drivers

Trends and Developments in India Home Healthcare Market

Issues and Challenges in India Home Healthcare Market

Key Funding and Mergers and Acquisitions in India Home Healthcare Market

Failure Case Studies in India Home Healthcare Market

India Home Healthcare Market Future Projections

Impact of COVID-19 Pandemic on India Healthcare and Home Healthcare Market

Analyst Recommendations

For More Information, refer to below link:-

India Home Healthcare Market Research Report

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[brainmassfinance]

Inflation, Omicron spook D-Street bulls; investors lose Rs 1 lakh cr

Synopsis

Equity investors were left poorer by Rs 1.06 lakh crore by the end of the day. Stocks from sectors, barring some IT names, saw selling. Bank and financial names were among the biggest drags. The 30-share pack Sensex declined 503.25 points or 0.86 per cent to close at 58,283.42.

The relentless selling by FPIs has been a major headwind for the market, particularly for banking stocks. But it is not having any significant impact on the market other than putting a cap on the upside of the rally.

NEW DELHI: Benchmark indices wiped off morning gains and plunged to close lower for the second day on Monday amid concerns over rising cases of Omicron virus in Europe and surging inflation across the world.

The 30-share pack Sensex declined 503.25 points or 0.86 per cent to close at 58,283.42. The index plunged over 900 points from day’s high. Its broader peer NSE Nifty dropped 143.05 points or 0.82 per cent to 17,368.25.

Equity investors were left poorer by Rs 1.06 lakh crore by the end of the day. Stocks from sectors, barring some IT names, saw selling. Bank and financial names were among the biggest drags.

“Given the rising global inflation, the policy outcome of key central bank meetings, especially the US Fed and European Central Bank, will be keenly monitored by the markets to determine its trends,” said Vinod Nair, Head of Research at Geojit Financial Services.

Market at a glance:

Paytm ends 1 per cent down despite the co's claim that its GMV doubles in Oct-Nov

Minda Ind surges 10 per cent as firm inks pact with FRIWO AG Germany

EaseMyTrip climbs 4 per cent ahead of a board meeting

Star Health falls 1 per cent even as Emkay initiates coverage with ‘buy’

Tega Industries jumps 60 per cent on the first day on bourses

ACTORS DRIVING MARKETS

US inflation

: US consumer prices increased further in November as the cost of goods and services rose broadly amid supply constraints, leading to the largest annual gain since 1982. India is also set to report inflation data for November this week, which analysts say may rise further.

Fed meeting

: The Federal Reserve is widely expected to signal a faster tapering of asset buying this week, and thus an earlier start to rate hikes. It will also update the dot plots for rates over the next couple of years. The European Central Bank and the Bank of Japan are also set to review their monetary policies this week.

UK reels under Omicron: Omicron remained a concern with British Prime Minister Boris Johnson warning of a ‘tidal wave’ of new cases of the coronavirus variant, though markets are still counting on vaccines to limit the economic fallout.

Broader Market Among the bluechip names, Axis Bank was the top gainer, rising 2.39 per cent. Tech Mahindra, SBI Life Insurance, Wipro, Hindalco Industries, Maruti Suzuki, Power Grid and Titan were other gainers.

Bajaj Finance was the top loser in the Nifty pack, falling 2.99 per cent. Bajaj Finserv, Reliance Industries, M&M, Tata Consumer, Nestle India, Indian Oil and Britannia Industries were others that ended in the red.

Broader market indices ended lower but outperformed their headline peers. Nifty Smallcap dropped 0.11 per cent and Nifty Midcap declined 0.25 per cent. Nifty 500, the broadest index on NSE, ended down 0.60 per cent.

VIP Industries, Sun Pharma Advanced Research, Alok Industries, Tata Communication, Sona Comstar and Syngene International were top gainers from mid and smallcap indices, climbing in the range of 3-9 per cent.

Vodafone Idea, Zee Entertainment Enterprises, Endurance Technologies, CAMS, IDBI and Suzlon Energy were major losers from broader market space, falling in the range of 3-6 per cent.

Barring Nifty IT that rose 0.31 per cent, all sectoral indices were trading lower. Nifty Media was the top loser, down 1.81 per cent. Nifty Realty and Nifty PSU Bank were others that slipped more than 1 per cent.

Market breadth was in favour of gainers as 1,912 stocks ended in the green, while 1,554 names settled with cuts. As many as 317 securities hit 52-week highs, mostly from the smallcap space. Meanwhile, 30 names hit 52-week lows, mostly from the microcap space. About 575 stocks hit upper circuit limits and 30 lower circuit limits.

European markets were trading mixed. London-based FTSE was down 0.05 per cent while Paris and Frankfurt declined 0.20 per cent and 0.88 per cent, respectively. In Asia, Japan, Thailand, Indonesia and China ended the day in green while the rest closed in the red.

[bimaplus]

Term Insurance Plan For All Ages

The financial future of your family is something you need to plan early.

We will try to understand term insurance for all age groups here:

· Mostly we start our career in the 20s. And we have fewer responsibilities at this point. You can term insurance buy to cover the risk of financial stress. Your dependent, as well as retired parents or on the verge of retirement, can be better off if you purchase an insurance plan of about 50 lakhs. For better guidance, you can consult a Life insurance advisor in Noida sector 21. The responsibilities grow manifold after we get married in the 30s. They include child education, home loan, car loan and more as such financial planning is very important. An insurance policy of 50 lakhs to 1 crore is most suitable. But if you cannot afford such a high premium, it would be better to opt for 20 lakhs coverage. Also, you can consult a Life insurance advisor. For example, a life insurance advisor in Noida sector 37 can guide you through buying the best possible policy.

· The liabilities like a car loan, education loan may not exist when you are 40 years old. But there are health risks and retirement planning you need to cover. At this point, a 50 lakhs to one lakh coverage can get the help you meet medical expenses and give financial security to your loved ones. You can choose 20 lakhs coverage too. It depends upon your capabilities, lifestyle and more.

[ Note. Starting early, you can pay less and get maximum coverage.]

· 50 years and insurance cover! It would be costly to get insured at this age. But the positive point is the financial security your loved ones get.

Conclusion

Life insurance or term insurance is vital for the financial security of your family. We have covered the same here.

[yamini29]

Buy Super Top Up Health Insurance: Covers up to 1 Crore

Super Top-Up health Insurance plans will help you take care of all the costs of treatments that cover up to 1 crore of your medical expenses. Know More!.

[classyfoxdestiny]

Business News Live: Maruti Suzuki India to recall over 1.81 lakh cars

Business News Live: Maruti Suzuki India to recall over 1.81 lakh cars

3:02 P.M.

U.S. funding tapped for Pacific undersea cable after China rebuffed

The Federated States of Micronesia will tap a U.S. funding facility to construct a Pacific undersea communications cable, after rejecting a Chinese company-led proposal that was deemed a security threat by U.S. officials, Reuters reported.

2:59 P.M.

Geely’s Volvo Cars warns on sales as supply woes dent output

Sweden-based automaker Volvo Car Group warned on Friday that sales volumes in the second half of 2021 could fall year-on-year after it was forced to cut production due to material shortages, Reuters reported.

The carmaker, owned by China’s Geely Holding, said sales fell 10.6% from a year ago in August, despite strong underlying demand, and cautioned the potential decline in volumes in the second half could impact revenue and profit.

2:54 P.M.

U.S. labor agency investigating two complaints from Apple workers

The U.S. National Labor Relations Board is investigating two cases filed by Apple Inc employees against the company, records on the agency’s website show, amid a wave of employee activism at a company known for its secretive culture.

Ashley Gjovik, a senior engineering program manager at Apple, filed an Aug. 26 charge, which cites harassment from a manager, reduction of responsibilities and increases in unfavorable work, among other complaints, Reuters reported.

2:48 P.M.

U.S. job growth seen slowing in August as Delta variant curbs services demand

U.S. employment growth likely pulled back in August after gaining nearly 2 million jobs in the past two months as soaring COVID-19 cases reduced demand for travel and entertainment, but the pace was probably enough to sustain the economic expansion.

Unemployment rate seen falling to 5.2% from 5.4%, Reuters reported.

2:33 P.M.

Deutsche Bank’s ESG Probe Triggers Review at Asset Managers

European asset managers are reviewing their ESG labeling and marketing claims following news of probes into the investing arm of Deutsche Bank AG, according to people close to the process, Bloomberg reported.

2:23 P.M.

Section of SpiceJet employees go on strike at Delhi airport over salary issues

A section of employees of SpiceJet airline went on strike at the Delhi airport on Friday morning over issues related to reduced salaries, PTI reported.

SpiceJet has been paying reduced salaries to a significant number of employees since 2020 as its finances have been hit due to COVID-19 pandemic-related travel restrictions. Other airlines have also cut the salaries since 2020 for the same reason.

2:15 P.M.

China’s SMIC to invest $8.87 bln for new chip plant in Shanghai

China’s Semiconductor Manufacturing International Corp will invest $8.87 billion to build a chip plant in Shanghai, it said on Friday, expanding capacity amid a global chip shortage as Beijing pushes to boost independence in the sector.

SMIC said it agreed to build a production line with monthly capacity of 100,000 12-inch wafers in the Lingang Free Trade Zone (FTZ) in the Pudong district of China’s business hub, Reuters reported.

2:12 P.M.

Tata Consumer Products rolls out new branding for Tata Soulfull range

Tata Consumer Products on Friday announced the rollout of new branding for the Tata Soulfull range of health and wellness food.

The company said it has integrated the Tata logo into the Soulfull portfolio, subsequent to Tata Consumer Soulfull Pvt Ltd becoming a 100% subsidiary of Tata Consumer Products in February 2021, PTI reported.

2:08 P.M.

Dollar hits one-month lows before payrolls test

The dollar sank to its lowest in almost a month against major rivals on Friday, ahead of a crucial U.S. jobs report that could spur the Federal Reserve to an earlier tapering of stimulus.

The dollar index was little changed at 92.227 after earlier touching 92.151 for the first time since Aug. 5, Reuters reported.

2:03 P.M.

Reliance aims at 100 GW renewable energy by 2030, bring hydrogen cost under $1: Ambani

Reliance Industries aims to generate at least 100 gigawatts of electricity from renewable sources by 2030, which can be converted into carbon-free green hydrogen, its chairman Mukesh Ambani said on Friday as he outlined a vision to bring down the cost of hydrogen to under $1 per 1 kg in 1 decade.

The focus on generating electricity from renewable sources of energy such as solar and wind will help cut carbon emissions in the world’s third-largest greenhouse gas emitter, PTI reported.

1:56 P.M.

Alibaba, Tencent Look Cheap Even With China Crackdown Risks, NYU Professor Says

Some of China’s bellwether Internet stocks are undervalued even as risks of further downside from Beijing’s regulatory clampdown persist, according to a finance professor at New York University.

Alibaba Group Holding Ltd. is the most undervalued by 12.7% compared to its fair value followed by Tencent Holdings Ltd. at 8%, PTI reported.

1:31 P.M.

Maruti Suzuki India to recall over 1.81 lakh cars

Maruti Suzuki India to proactively recall 181,754 units of some petrol variants of CIAZ, ERTIGA, VITARA BREZZA, S-CROSS AND XL6.

The automaker will inspect for a possible defect in these models manufactured between 4th May 2018 to 27th October,2020, PTI reported.

1:22 P.M.

Bharti’s rights issue credit positive for itself, neutral for Singtel: Moody’s

Bharti’s rights issue is credit positive for the company, said Moody’s Investors Service. It noted that the fresh capital would keep the leverage relatively stable amid 5G investments, ongoing cash payments for spectrum and settlement outgo related to AGR.

For Bharti’s 31.7% shareholder, Singapore Telecommunications (Singtel), the transaction is ‘credit neutral’, it said.

Bharti Airtel board had recently approved raising up to ₹21,000 crore by way of rights issue, at a price of ₹535 per share, PTI reported.

1:15 P.M.

Future Retail seeks an early hearing in the SC on its retail merger deal with Reliance

Future Retail Ltd Friday sought an early hearing in the Supreme Court on its fresh appeal against a recent Delhi High Court order which said it will implement an earlier direction restraining FRL from going ahead with its ₹24,731 crore merger deal with Reliance Retail.

Amazon and Future are having a legal tussle after the US e-commerce giant dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC) in October last year, arguing that FRL had violated their contract by entering into the deal with rival Reliance.

On March 18, a single judge bench of Justice J R Midha had imposed costs of ₹20 lakh on the Future Group and others associated with it and ordered attachment of their properties. The high court had asked the parties to file an affidavit detailing their assets within one month and show cause as to why they not be detained under civil prison, PTI reported.

  Sensex and Nifty continued their record breaking streak, opening at fresh record highs with Sensex crossing 58,000 for the first time. Asian shares held onto their gains while Oil fell ahead of a highly anticipated U.S. monthly jobs report.

There was something to rejoice for the Indian economy as the IHS Markit Services Purchasing Managers’ Index rose to 56.7 in August, expanding at its fastest pace since March 2020 when the pandemic began.

HDFC Life Insurance said it will buy the life insurance unit of battery maker Exide Industries for ₹6,687 crore, and added that Exide Life will merge into HDFC Life after the acquisition. After the IPO of Indian firms attracted significant interest from the investors around the world, E-commerce retailer Snapdeal is also considering an initial public offering that could raise about $400 million, Bloomberg reported.

12:45 P.M.

Japanese shares hit 30-year highs as Suga offers to step down

Japanese shares soared with the broad Topix index hitting a 30-year high, after Prime Minister Yoshihide Suga offered to resign, Reuters reported.

The country’s Nikkei share average rose 2.04% while the broader Topix vaulted 1.61% to reach levels not seen since April 1991. For the week, the Nikkei gained 5.4%, the most since early November when Joe Biden won the U.S. presidential election.

“Japanese shares had badly underperformed in recent months despite very strong earnings recovery and the only reason I could think of was a sense of stagnation due to the government’s poor response to the pandemic,” Takashi Hiroki, chief strategist at Monex Securities told Reuters.

12:25 P.M.

Snapdeal considers $400 million IPO

E-commerce retailer Snapdeal is considering an initial public offering that could raise about $400 million, Bloomberg reported.

The company is speaking with advisers regarding a potential listing in Mumbai next year that could value it at as much as $2.5 billion.

Discussions are still at an early stage, and the firm could decide not to proceed with the plan. Bloomberg said representatives for Snapdeal and SoftBank declined to comment.

12:13 P.M.

Copper edges higher as dollar sinks ahead of U.S. jobs data

Industrial metals were mostly higher today, with copper’s advance putting it on track for a second straight weekly gain, as the dollar sank to its lowest in almost a month ahead of a crucial U.S. jobs data, according to a Reuters report.

Three-month copper on the London Metal Exchange was up 0.6% at $9,433.50 a tonne, while the most-traded October copper contract on the Shanghai Futures Exchange rose 1% to 69,500 yuan ($10,760.35) a tonne, the report noted.

12:02 P.M.

Tata Motors opens 70 new sales outlets in South India

Tata Motors today inaugurated 70 new sales outlets across South India in one go, as part of its retail acceleration strategy. Spread across 53 cities, the new outlets have been strategically mapped to key emerging markets of the Southern region, the company said.

The showrooms will be home to the company’s ‘New Forever’ range of passenger vehicles, including its electric vehicles portfolio.

With the addition of new showrooms, Tata Motors’ network in Southern India (Karnataka, Tamil Nadu, Pondicherry, Telangana, Andhra Pradesh and Kerala) will be 272 and the retail footprint in India will grow to 980, a PTI report noted.

11:50 A.M.

Reddit seeks to hire advisers for U.S. IPO

Reddit Inc, the operator of online message boards, is seeking to hire investment bankers and lawyers for an initial public offering (IPO) in New York, Reuters reported, citing two people familiar with the matter.

Reddit was valued at $10 billion in a private fundraising round last month. By the time the IPO takes place early next year, Reddit hopes it will be valued at more than $15 billion, according to the report.

11:10 A.M.

August service activity grows at fastest pace since pandemic began

India’s services industry in August expanded at its fastest pace since March 2020 when the pandemic began as businesses reopened and vaccination rates improved, Reuters reported citing a survey.

The IHS Markit Services Purchasing Managers’ Index rose to 56.7 in August, above the 50-level that indicates growth. PMI had been below 50 for three months and was 45.4 in July.

“The Indian service sector bounced back in August, led by the reopening of several establishments and improved client confidence due to growing vaccine coverage,” Polyanna De Lima, economics associate director at IHS Markit told Reuters.

“Service providers foresee a brighter outlook, with firms indicating that the economic recovery could be sustained if restrictions continue to be lifted and further waves of contamination can be avoided.”

11:00 A.M.

Indian companies’ foreign borrowing jumps 60% in July

Indian companies raised over $3.43 billion from foreign markets through external commercial borrowings (ECBs) in July this year, a jump of about 60% from a year ago, PTI reported citing RBI data.

Indian companies had borrowed $2.15 billion from overseas markets in July 2020.

Of the total borrowings during July 2021, $3.03 billion came in through the automatic route of the ECB, while $400 million was through the approval route.

10:45 A.M.

Sebi moves Supreme Court against SAT order on PNB Housing Finance

Markets regulator Sebi has approached the Supreme Court against the Securities Appellate Tribunal’s order related to the PNB Housing Finance’s ₹4,000 crore equity capital raise plan, PTI reported.

On August 9, the two-member bench of the Securities Appellate Tribunal (SAT) pronounced a split verdict, saying there was difference of opinion between the members of the bench. PNB Housing Finance is restrained by SAT from disclosing the voting results by the shareholders on the fund raise plan until further orders.

“It has been brought to our notice that SEBI has filed an appeal to the Supreme Court of India against the order of SAT,” PNB Housing Finance said in a regulatory filing.

10:15 A.M.

CEO, CFO of scam-hit Karvy arrested

Karvy Stock Broking Chief Executive Officer Rajiv Ranjan Singh, and Chief Financial Officer G. Krishna Hari of Karvy were arrested basing on a complaint by IndusInd bank for allegedly involving in diverting funds raised from banks by pledging clients’ securities as collaterals, PTI reported.

The police had earlier arrested Chairman C Parthasarathy, on charges of defaulting a loan to the tune of ₹137 crore to IndusInd Bank.

10:00 A.M.

HDFC Life Insurance to buy Exide Life

HDFC Life Insurance will buy the life insurance unit of battery maker Exide Industries for ₹6,687 crore, the company said in a regulatory filing.

As part of the deal, HDFC will issue 8.7 crore shares to Exide Industries at ₹685 per share and the remaining amount as a cash payout of ₹726 crore. Exide Life will merge into HDFC Life after the acquisition. .

“This is a landmark transaction, first of its kind, in the Indian life insurance space,” HDFC Life Chairman Deepak Parekh said in a statement. “It would enhance insurance penetration and further our purpose of providing financial protection to a wider customer base.”

9:30 A.M.

Sensex crosses 58,000 for first time

Indian benchmark equity indices continued their record breaking streak. Sensex and Nifty opened at fresh record high with Sensex hitting the 58,000 mark for the first time.

At 9:16 IST, Sensex was up 0.38% at 58070.12 while Nifty rose 0.36% to 17296.

9:15 A.M.

Oil falls before U.S jobs report

Oil prices fell before after strong overnight gains ahead of a highly anticipated U.S. monthly jobs report, Reuters reported.

U.S. West Texas Intermediate (WTI) crude futures slipped 0.3% to $69.75 a barrel while Brent Crude fell 0.2% to $72.90 a barrel.

The fall was likely due to traders squaring positions ahead of U.S non-farm payrolls report for August as there are concerns that consensus maybe weaker than forecasts, Stephen Innes, managing partner at SPI Asset Management told Rueters.  

9:00 A.M.

Asian shares hold gains

Asian shares held onto their gains while global shares were at record highs, Reuters reported.

MSCI’s broadest index of Asia-Pacific shares outside Japan remained flat in early trading. Japan’s Nikkei rose 0.38%, Australia was up 0.3%, and Korea soared 0.61%.

Chinese blue chips fell 0.27% and Hong Kong was down 0.6%.

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[bimakaro]

Most of the life insurance applicants buy term life coverage, which goes on for a set timeframe (ranging between 10 to 30 years) before it gets expired. A term life policy works well in case of uncertainty. It secures your family’s future financially in your absence. But as the policy term approach towards its end, you realise that you still need life coverage to give a security net to your loved ones and you decide to renew your policy or buy a new term life policy online. In such a situation, you might have the option to change your term plan to a whole life policy or any other type of life insurance.

At the point when you convert your insurance policy, you won’t get a higher death benefit, and you might settle with a lower sum, but you might save some money by not opting for a brand-new whole life policy. Here are some more details on how the conversion of life insurance works and whether it’s the correct move for you or not.

Why should you convert a term life policy into a whole life policy?

In an ideal situation, you will not require life insurance coverage when your term life policy gets over, which is usually 10 to 30 post purchasing it. Due to the fact that till that time your dependents won’t depend on your salary any longer, and you’ll have paid off (or about to pay off) your outstanding debts.

But there might be a situation where an independent family member might become dependent again because of some illness or mishap. Or on the other hand, possibly you have taken some loan lately that you would prefer not to leave to your family. There are various reasons why you may need to extend your insurance coverage post its original term.

The primary advantage of getting your term life policy converted into whole life policy rather than applying for a new whole life insurance policy is that in most cases you won’t require to take a medical test or evaluation of your lifestyle. This implies that converting policy into another one will probably cost less than buying an entirely new whole life policy. As you will be older while applying for a new policy and might have developed health issues which could result in higher premiums or even prevent you from getting a new insurance policy.

Important pointers to remember while converting your life insurance policy.

Usually, most term life policies incorporate a term conversion rider that permits you to convert your current term plan to a whole life policy. In case your policy doesn’t have or if you are not sure about it, then speak to your insurance provider.

The conversion of policy is possible only during the conversion period. Now, what is a conversion period? The policy conversion rider will determine a period of conversion, or a period in which you can convert your policy. Generally, this conversion time frame begins two to five years after your policy is in force and gets over either towards the end of your term or at a specific age which is usually somewhere between 65 and 70. However, the exact date and length of the conversion period vary from one insurer to insurer. Therefore, make sure that you check the guidelines of your policy.

You can opt for converting just one part of your term policy

Insurance providers might offer an option to convert your policy partially in case you need to expand your life coverage but don’t require a considerable death benefit. Let’s assume you presently have a Rs 2 crore term policy that you need to convert into a whole life policy. Since the premiums of Rs 2 crore, whole life policy might be costly, and your dependents probably won’t need that much insurance coverage at this point. Hence, converting the entire policy might not be a right move, and you can opt for partial conversion.

For example, in case you decide to convert half of the policy that is Rs 1 crore to whole life policy and the other half would remain a term life policy. In this way, you will have two life insurance policies – Rs 1 crore term life policy and Rs 1 crore whole life policy and you will save money in contrast with paying expensive premiums for Rs 2 crore whole life policy.

How much will it cost you in the conversion process?

Well, when you convert your term life policy to a whole life policy, the conversion procedure itself doesn’t cost anything. But as the whole life insurance is usually about 6 to 10 times costlier than term life insurance, so be prepared that your premiums will rise significantly after the conversion. However, here you might choose to convert your term policy to save some money partially.

Therefore, if you are planning to convert your existing term policy into a whole life policy, then first, you should go through the guidelines of the policy carefully. Then analyse the cost factor involve based on your responsibilities and affordability as whole life policies are expensive than term policies. And after all consideration, you should make the final decision. If by any chance you get confused, then you can speak to the insurance experts of BimaKaro.in they will help you understand all the factor and criteria involved in the conversion process.

Source : https://bimakaro.in/ik/term-life-insurance/should-you-convert-your-term-life-policy-into-whole-life-policy-1030