Life after Retierment !!

Life after retirement 

You will surely going to miss your salary message end of every month .Source of income is stopped and no more fund addition in bank salary account .You need to look elsewhere for side incomes to beat inflation.

But what will you do as you have always worked at senior level enjoying luxury of  position and authority. You feel outsider as entire work culture is been changed and earned experience will not add value in new commercial world . Possibly you may have to work under someone who is in late 30 .You will be asked to learn all the IT gadgets and Technical terminology. Which is surely not your area of interest as you like simplicity of work and prefer typewriter instead of tablet . Prefer notebook over word pad .

You might have imagined a soothing retirement . You would like to experienced all the moments which got missed in life . A trip to village which includes all the small moments like afternoon nap under the shade of tree .Evening Arti at temple near the bank of river .Teaching swimming to grandchildren in pond instead of swimming pool . Catching fish from the river .Morning walks in farmhouse open green park .Yoga near the Ghats and Long chat session with old buddies. 

To lead this tension free life you may not have to work part time in non suitable profile . 

What you need is Better retirement planning . Retire from work, but not from life. Retirement planning is never too late though ideal if you start it at very young age. Retirement is the ultimate reality that happens to a working professional and it should be the most enjoyable phase of an individual. Effective retirement planning gives individual a benefit to retain their financial independence even after their work life. Thus, retirement planning is as important as your education and marriage. We must understand that future largely depends on the choices that we make today. An individual will be able to maintain high standards of living with the help of effective retirement planning.

. Come talk to us through www.insurancebazar.in for help with all insurance questions you might have

ACT of GOD

An act of god refers to natural catastrophe that cant be measured such as Flood, Earthquakes, Storm, Tsunami .

As a Policy owner one should be knowing all the terms & condition of the policy . 

Earthquakes , Natural calamities, Flood are few example of Act of God . As a human we can only calculate high risk areas but these disaster are beyond human control .

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UTTARAKHAND flood crisis is recent example of Act of God .

One should always check with insurer entire benefits attached in policy. Proper check required on Policy Sum assured , Policy Coverage, Policy benefits. In other word if you die during an natural calamities,the life insurance policy will pay the death benefit . And if you get hospitalized your health policy will pay .

You don't have control on Natural disasters but you have control on what to buy and when to buy . 

So buy life insurance plan today and secured your future from all the worries .

Be insured Be happy !!

 

A day without insurance

Needing better motor insurance

Imagine you are driving along a national highway. It is night time and there are no street lights. You are far off in the country and on your way to a major city. The air is crisp and the headlights lead your way.

From the opposite direction, you see a bright pair of headlights come around a corner. The headlights have the high beam on. In the car you are sitting in, the lights come straight into your eyes. You can’t see anything but white light for a while.

Suddenly, you feel a lurching sensation and you feel your stomach drop out from under you. Your head starts to fly forward towards the dashboard and before you know it, you hear the sickening sound of metal being bent and crushed. When you stop moving, you realize what has happened. You have had an accident.  There was nothing you could have done to stop this from happening. It was simply unfortunate but maybe there is a bright side here. You walk away from the damaged car unscathed and can also rest easy knowing that your car is insured.

In the event of any injury incurred, it also helps to have health insurance to cover any accidental damage to yourself. But if you don’t have health and vehicular insurance, you could see bills running very high. These bills could be from the hospital and from your mechanic. But these bills don’t have to run this high and there is the worry of having to pay them all when you might be in a condition that makes it impossible to handle any of these costs.

Insurance is there for such cases. Life is unpredictable and sometimes through no fault of yours, you could see heavy bills and problems for your family arise but when you are well insured, that stops being a problem. Insurance is a clever way to make your income work for your well being. Because everybody does not need the same insurance, there are various types of insurance eg. For vehicles only liability or third party insurance is mandatory but if no third party incurs any damage, then it is only you who will pay in such an accident case and it would be better to get a more comprehensive policy

This why we say that you should be smart about insurance. Come talk to us through www.insurancebazar.in for help with all insurance questions you might have.

Understanding the need and definitions behind Health Insurance

If you have anybody at home who has health risks, you will know that having a health insurance is the responsible thing to do. Take the case of this family: It is a family of 6 living in one house. The family consists of maternal grandparents, a mother, a father and their two children aged 12 and 15. The family only has one car and only the father knows how to drive. Suddenly, the grandfather falls ill and the father is away on business.

It falls to the grandmother, mother and children to pay the cost of the ambulance and admitting him to the hospital. But where is the money to come from if the husband has all the financial control and the grandfather has his finances limited by his access to it i.e his health? In a case like this, it is best to have a health insurance that offers a cashless facility and covers the ambulance cost. In this case, the family had all these facilities in place so the father could continue his business and the grandfather went on to live another 12 years that doctors said would not have been possible.

So how do you know if health insurance is something that you need? Our friends at Bajaj Allianz have given us a wonderful breakdown of everything you need to know about health insurance. The full article is below.

It’s not enough to just get a health insurance policy. It is also important to know what the different terms in the policy mean and what they do for you. Let’s start with some of the basic terms that you must know about:

• Sum Insured – This is the amount of cover that one can opt for and the maximum amount up to which the insured can get benefits in the event of a claim during a single policy year. 
• Premium – This is the amount paid to the insurance company when you purchase a health insurance policy. The premium to a great extent depends on the sum insured you have chosen. 
• Pre and Post Hospitalization Expenses – Health policies compensate you for expenses that you would incur prior to getting hospitalized for a treatment, as well as for the recovery treatment post being discharged. 
• Deductible – This is a fixed amount which the insured needs to first bear for each claim. The insurance company’s liability starts over and above this amount. 
• Ambulance Charges – This additional benefit compensates you for the charges that you incur when availing an ambulance service in case of an emergency to take the patient from home to the hospital or from one hospital to another. 
• Day-Care procedures – Certain surgical procedures do not require 24 hours of hospitalisation (the basic requirement when one needs to avail a health insurance claim for treatment). These are called day-care procedures. 
• Network Hospitals – Insurance companies tied up with hospitals provide better medical services to their customers during their time of need. These networked hospitals allow you to avail cashless facility. It is necessary that the insurance company is informed of the hospitalisation so that they can authorize the hospital to not charge the customer. 
• In-House Claims Team v/s TPA – The insurance company’s own claim settlement team is called an in-house claims team, while TPA refers to outsourced claims team. An in-house claims team enables the insurance company to directly deal with health insurance claims and provide the customer better service. 

Bajaj Allianz also provides additional benefits. These are called Value Added Services, and are generally meant to help customers enjoy a healthier lifestyle overall by providing discounts on OPDs, medicines, glasses and lenses, gym memberships, etc.

Visit www.insurancebazar.in for a more personalized insurance education experience.

When you think insurance...

Insurance worries the people which is ironic because the goal of insurance is to make sure that people feel safe and secure. 

In a world where how we allocate our time and define our priorities defines us as a person, insurance should be one of those things that will alleviate our worries rather than add to them.

Insurance also creates a few unpleasant images in the minds of many. Like the images of being interrupted in the middle of your day to answer the door for an insurance salesman who gives nothing special to you apart from a special way to waste your time. Or the image of the insurance agent who can’t justify your claim because of incompetence.

That’s why www.insurancebazar.in is different. We represent a number of different insurance companies and we don’t sell insurance but we do help you to pick the insurance policy that suits not to mention the company that offers what you are looking for.

If you own a vehicle or are thinking about owning one, you should know that at the very least, liability insurance is mandatory for all owners to protect those who may incur any accidental damage. Having insurance allows you to drive safer in the knowledge that should anything happen, at least your finances will be safe.

In the same way, we want people to feel secure about anything valuable in their lives be it your children, vehicle or jewellery and so much more.

Visit www.insurancebazar.in for a full overview of our services.

Children Insurance: Insurance for Tender Dreams and Delicate Smiles

Tender body and delicate smile, tiny eyes with shiny dreams, arrival of this new angel in a family changes your life completely. As a parent now you owe a big responsibility on your shoulders, and you cannot just fulfil it by changing nappies whole night and wetting shoulder with saliva. Being parents, means you are asked to shape a life, and a part of entire generation. A child is dependent on parents emotionally and financially. Hence, it is only parents who can give a proper shape to a child’s future by providing him/her strong emotional support and sound financial security. The financial security ensures that any worse change in parents’ life won’t hurt the future of a child. While buying child insurance for a child, you have to consider all-round protection of a child and have to choose a plan accordingly. Several plans are available under child insurance policy those provide risk cover for different aspects of child’s life. Let’s learn all of them one by one.

We can broadly divide the child insurance policy in two categories. One is traditional and other is customized with a lot of other benefits. Under traditional policy, the insurer gets assured amount once policy gets mature. However, in customized policy, the child insurance plan is linked through ULIP. When policy is linked through ULIP, a part of premium is invested in various investment plans, and with passage of a time insurer will get lucrative return.

Now as you have learned about two broad categories of child insurance, let’s learn how child insurance can protect your child at various stages of life.

Child’s Health: Health of a child is a primary concern of parents. Especially, in this new era where parents are educated, they ensure a healthy lifestyle for a child. However, you cannot avoid few medical problems. Furthermore, few children suffer from chronicle diseases, which need intensive care for longer period and of course, hefty some of amount. In such situations parent wants to avail best medical facilities for their child no matter how expensive it may be. Child insurance plan supports you financially and ensure that your child gets best medical facility on time.

 

Child’s Future: Life is uncertain, how long we are going to be with our children in not in our control, but we definitely can control the future of a child by providing financial security. Future plan of child insurance will provide continuous financial support to the child even after demise of parents, without any further premium. This plan ensures that even in your absence the child is financially secure and living life you wanted him to live.

 

Child’s Dream: Doctor, engineer, cricketer, airhostess, actress, and list a goes on and on. Like their vibrant smile, their dreams are vibrant, too. The growing competition and new opportunities open many new doors for children. Many of them want to complete their education through foreign universities. Parents pull their all resources and lifetime savings to fulfil their child’s career dream. However, it is wise to make small savings from beginning rather taking education loans. Child insurance assures you that no matter how big the dream is, child insurance will fulfil them.

Life Term: The life term plan of children education will return you amount as per traditional or innovative plan on maturation of policy. However, if anything happens to a child before maturity period parents are entitled to receive the cover.

Children are budding plants and flowers, they will blossom the garden if you secure them from all the anticipated risks those may break them in an absence of proper planning. Hence, if you wish to see them growing and blossoming tomorrow, ensure their security today.