MintWise

21/12/2016

Nearly 82% of urban middle class Indians are not covered by a health plan. Rising incidences of lifestyle diseases and increasing cost of treatments make health insurance an essential cover to have. And the benefits from Section 80D make the product almost Free!

Section 80D gives tax benefits up to a limit of Rs. 60,000 on health insurance or medical insurance/mediclaim policies including the premium paid for family and parents. Now it is easy to get these benefits online. Find out how.

08/11/2016

Health insurance planning is for a lifetime. Relying on your employer's health insurance plan is not a bad idea. It's 'free' after all. But most group plans fall short on addressing the needs of our parents, and also our own needs when we retire, leaving us in the lurch at 60 evidently staring at the next 25 years or so without any health cover for us and our spouses.

Find out why you shouldn't rely on your company's group health plan alone.

Employer /Company Group Health Insurance Plans offer good benefits, with serious gaps in the scheme. Here are reasons why you shouldn't entirely rely on it.

31/10/2016

A Voluntary Deductible is a smart way to reduce your car insurance, health insurance or bike insurance premium. Discounts can go as high as 35% on your premium! So if you are a 'safe' driver or a 'fitness' freak, go ahead and get the discount that you have rightly earned!

The benefits of Deductible and Voluntary Deductible can be very useful to reduce you Travel Insurance, Health Insurance, Car Insurance or Bike Insurance premium. Especially if the probability of making a claim is low, you can use it effectively to bring down premium over and above other discounts. H...

25/07/2016

Unlike common perception, one does not need a term insurance plan after retirement. At best, all you need a lean basic life cover. If you are trying to build a legacy fund using term insurance, you are actually betting on your death. In fact, if you choose a very long period of life cover, it may not even be financially worth it.

Say you are 35 years old and are wanting to buy a term insurance policy. You have many options of companies and products, and some will even offer life insurance cover till you are 80 years of age. Tempting, isn't it? But before you decide to go ahead with such a high term, please read this.

21/07/2016

Cancer attacks at two levels - the patient's health and the family's finances. Are you cancer-prone? Find it out here. Also find out how a cancer insurance policy, with surprisingly low premiums, can be an effective hedge against the financial (read emotional) turmoil this dreaded disease can bring to the family of the patient.

A cancer insurance policy protects us from the financial impact from the occurrence of cancer. What is really surprising is that in spite of the well-know fact that it is a killer disease, many of us continue to be exposed to the risk. Are you cancer-prone? Find the answer here, and also understand…

31/05/2016

Lot of insurance policies but not enough life insurance? You have a lot of company. Always ensure you go for nothing but the simple cost-effective term insurance plan, something that unfortunately does not figure as priority for most sellers. You should know why, and act decisively.

So you have a lot of insurance policies but very little insurance? Not a surprise. Sadly, agents in India don't like to sell term insurance. And you must know the reasons why.

20/05/2016

Never lose your No-Claim-Bonus when you buy Car Insurance. In fact, did you know that you can even transfer the discount when you sell your old car and buy a new one? And because the insurance premiums are highest when the car is new, that can be a big fat saving indeed!

No Claim Bonus (NCB) for Car/Bike/Two-wheeler insurance is a great feature when buying motor insurance. When accumulated, it offers discounts as high as 50% on OD (Own Damage) premium, and this can be significant for high value vehicles. Not just that this is even transferable when you sell of your…

17/05/2016

Nomination rules have changed. What was earlier a common perception has thankfully become a reality. A life insurance nomination is now akin to a will. If you have even one life insurance policy, you should know the new definition of a nominee.

Hey do you know that the rules for nomination in life insurance have changed? And it affects all policies that have a death or maturity claim from now on, even if you bought it 5, 10 or even 25 years back. The good thing is that the change is very likely to be good for you. Read, understand and take...

15/05/2016

Have a daughter < 10 years of age? Must read. Must act. Must.

Sukanya Samriddhi Yojana Account is a plan that every parent with daughters below age 10 must invest in. High guaranteed interest rate and the ease to operate it through any post-office or bank account make it a great proposition. Here's everything you want to know about the SSY Account benefits, in...

14/05/2016

Buy your insurance with care and based on what you need. Try to make it your own decision, not someone's recommendation. But just in case you get it wrong, don't forget that you can return the policy. Here's how.

Free-look period cancellation option in insurance is a wonderful feature. But it does not come free. While we will always advise you to take a careful, well-assessed, need-based and unbiased decision on your insurance, there is just that faint possibility that something does indeed go wrong. Know wh...

06/03/2016

Ek, do, teen - if you are buying term insurance, you may want to split it into parts. Here are just the right reasons you should do it for.

Splitting a term insurance plan is a smart way to manage your life cover. Here are 3 reasons you should definitely split your term insurance cover.

14/12/2015

MintWise just received its IRDAI license to operate as an online insurance comparison portal (web aggregator) in India. www.mintwise.com - launching shortly.