Why do you think mediclaim insurance gets such a mixed reaction thought its one of the best form of non-life insurance? Perhaps the reason lies with people like Smita, who works as a Sr. Manager HR with one of the pharma companies, she boils with anger as she recalls the horrendous experience she had with one of the insurance companies. Smita filed a claim for rs 54,000 following an intestinal surgery of her mother. And though she had presented all the documents, the insurance company settled on 50% of the amount, thanks to the fine prints that she forgot to read.
 
 
Indians have started loving leisure in recent times, no pun intended. Thanks to the booming economics, the festival of Diwali never looked better in terms of finance as well. But do all travel plans turn out to be as perfect as imagined? The answer can be no in many cases. Reasons for this are umpteen but some of them are due to the lack of being properly insured when traveling. This holds true especially when one is traveling to European countries. Cost of medical treatment is extremely high in these countries; don’t you dread being faced with a medical emergency in a foreign land with limited cash? This is certainly not an ideal vacation!
 
 
Investment these days is more or less like walking the tight rope you never know when you’ll fall. In the recent past, Indian investors have tuned into the stock market and mutual fund arena to save for retirement and attain other financial goals. Mutual funds are best for investors who don’t have the time to deal with the stock markets. Mutual funds can offer an array of advantages like diversification and professional management. But investing blindly can be risky especially when you don’t know the product too well.
 
 
With Sensex on its northward journey, it has gained points in not just hitting new highs but also attracting more investors. Investment in equity is just becoming irresistible and tempting.

The mutual industry has grown at a rapid pace thanks to the tax benefit element added to it. But nevertheless, insurance industry is not slowing down either especially when it has Unit Linked Insurance Plans (Ulips) to boast about.

 
 
One thing that will strike you when you look at a lot of insurance ads on TV is the emphasis they are putting on medical & health insurance. This is a well thought out strategy by the market players tapping into what is considered the next new goldmin in the India success story.
 
 
With more ostentatious weddings being the norm of the day the risks of anything going wrong is huge. But the risk attached to getting married is the last thing on the mind of Hiren, who ties the knot on December 7. The young executive just insured his wedding for Rs 5 lakhs, and bought peace.


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