health insurance tips for students travelling abroad

Unless the university makes it mandatory for you to buy the health cover it provides, you can waive it, especially if you are already covered as a dependant or want to purchase it privately. You can pick one from a local insurer in the country you are travelling to, or an Indian insurance company before you leave. 

Many students club the premium with the tuition fee for convenience, but the university may not offer the best deal, and it is wise to compare. Despite the online channel, it's not easy to buy a plan from a foreign insurer. So start by surfing the domestic plans. For some universities like MIT and Stanford, the plan must comply with their guidelines. If the prepackaged plan doesn't match the requirements, insurers are ready to tweak it.  

http://www.myallagents.com/5-health-insurance-tips-for-students-travelling-abroad/details.html  

Why you must have a child insurance plan

The rising cost of education is troubling Indian parents. More than 60% of the respondents in an online survey by ET Wealth listed this as their biggest worry. This was followed by lack of knowledge, not saving enough and starting too late. 

We hadn't included the biggest worry-the risk of their own untimely death-as a choice. We should have. According to the National Crime Records Bureau statistics, an Indian dies in an accident every 90 seconds. 

http://www.myallagents.com/Why-you-must-have-a-child-insurance-plan/details.html  

Primer: All you wanted to know about e-insurance accounts

IRDA wants all its customers to move to a paperless world. The introduction of insurance repository system (IRS) is one such part of this initiative. An account called e-insuranceaccount will be available for all customers who hold insurance policies. This is similar to demat account which was introduced for eliminating physical storage of stocks or mutual funds.  http://www.myallagents.com/Primer-All-you-wanted-to-know-about-einsurance-accounts/details.html

IPL 2014 Seeking A 1100 Crore Insurance Cover

Indian Premier League (IPL), the Indian Professional league which has popularized T20 cricket – the shortest form of professional cricket is back with a bang. The Board of Control for Cricket in India (BCCI) which is the organizing body of the Indian Premier League (IPL) is planning for an insurance cover of Rs 1,100 crore for the 2014 tournament. IPL is the most-watched Twenty20 cricket league in the world. It is generally considered to be the highest-profile showcase in the world for Twenty20 club cricket. During the sixth IPL season (2013) its brand value was estimated to be around US$3.03 billion. IPL 4th season (2011) was insured for an amount of Rs.750 crore and the IPL-7 is all set to get bumper coverage.   http://www.myallagents.com/IPL-2014-Seeking-A-1100-Crore-Insurance-Cover/details.html

10 things to look for in your insurance policy

Life insurance is the only financial tool which offers the triple advantage of risk coverage, long term savings and tax benefit. It offers financial protection to an individual after taking into account the present and future value of his assets and liabilities. However, while the awareness and acceptance of insurance in India is growing, consumers need to develop a better understanding of the products they buy. There are a number of things that each of your life insurance policies should spell out and include, and the document is a complete guide to exactly what your insurance contract covers. This is why it is always important to check a policy very carefully when you first receive it, to make sure that everything you requested is written down in the policy. Mentioned below are ten key parameters to weigh once you received the policy documents.  http://www.myallagents.com/10-things-to-look-for-in-your-insurance-policy/details.html

General Insurance(Questions & Answers): Rakesh Jain

Today, Rakesh Jain, chief executive officer, Reliance General Insurance, answers your questions
A recent blood and thyroid test revealed that I am a borderline case for hyperthyroidism and blood sugar. My doctor says both are curable. Will I be rejected by a general insurer if I want to buy health insurance?
When you fill in proposal form please declare the diseases/conditions you have been diagnosed with. Depending upon an individual company's underwriting norms, they may accept your proposal or ask for certain medical reports and then decide. 
http://www.myallagents.com/General-InsuranceQuestions-and-Answers-Rakesh-Jain/details.html 

How much health coverage is good enough for you

How much health coverage is good enough? Which is the best health plan in India? These are questions that insurance experts are asked frequently. And while there are no fixed answers to such questions, it is alarming to find that a major number of Indians are uninsured. That means the majority of the population doesn’t have health insurance and Indians are the second largest group of people who pay their health bills out of their own pockets. While this is a highly worrying situation, we can draw some consolation from the fact that the health insurance sector in India is growing. More and more people are buying health plans and the IRDA has also simplified the rules, making it easier to buy and use health insurance. Read on to know more. 
http://www.myallagents.com/How-much-health-coverage-is-good-enough-for-you/details.html

LIC FAQ

hi, this is kumar, took lic jeevan anand policy for a SA of 1500000 with a premium of 6450/month for a period of 21 yrs. i just paid my first 3 premiums, but now i'm in dilemma whether to continue or discontinue at this junction without waiting till surrender value? Anyhow i don't want to take risk investing in Eq/shares, but in MF. please let me out of this confusion LIC Jeevan Anand is a good savings option and do not exit it just because you are confused. This is a plan where you get guaranteed returns and not to mention your capital (all premiums) is also secured. It is not good to compare a guaranteed return insurance plan (which gives tax benefits also) with an equity product like stocks, shares and mutual funds which doesn’t give any guarantee of capital and returns.

http://www.myallagents.com/LIC-FAQ/details.html 

Uday Kotak: Government should list LIC; move from NREGA to KAREGA

NEW DELHI: Advocating the need to ensure better fiscal management, Uday Kotak, the Vice-chairman and Managing Director of Kotak Mahindra Bank on Tuesday suggested a big-ticket measure of listing the Life InsuranceCorporation of India (LIC).
(LIC).http://www.myallagents.com/Uday-Kotak-Government-should-list-LIC-move-from-NREGA-to-KAREGA/details.html 

LIC trims stake in Infosys to 3.25 percent; garners Rs 850 crore

LIC, the biggest institutional investor in the stock market, held 3.71 percent stake in Infosys during the October-December quarter, which has fallen to 3.25 percent as of March 31, 2014

The state-run firm has been reducing its stake in Infosys since June quarter. It held 6.72 percent stake in the country's second largest software services exporter at the end of June 30, 2012, as per the latest data available with the stock exchanges. 

 http://www.myallagents.com/LIC-trims-stake-in-Infosys-to-325-percent-garners-Rs-850-crore/details.html