Insurance Archives - Capitalworx

World Heart Day: Keep Your Heart Healthy and Secure with Health Insurance

World Heart Day: Keep Your Heart Healthy and Secure with Health Insurance
Hey there, folks! It’s World Heart Day, and we’re here to chat about something really important – your ticker! Yep, that’s your heart. It’s the engine that keeps your body running, so we better make sure it’s in tip-top shape. Your heart is like a superhero, working 24/7 to keep you alive. But sometimes, we forget to give it the love and care it deserves. It’s time to change that. Exercise, eat smart, and chill out to keep your heart happy.
Now, let’s talk about another superhero – health insurance. Imagine it as a shield that protects you in times of need. Life is full of surprises, and sometimes, those surprises involve hospital bills. Health insurance steps in to save the day. It covers medical expenses, so you don’t have to empty your pockets. Remember, it’s not just about today; it’s about securing your future. A healthy heart and health insurance go hand in hand. So, let’s celebrate World Heart Day by giving our hearts the love they deserve and by securing our health for the long run. Happy World Heart Day!

New Tax Rules for Life Insurance Policies with Premiums Exceeding Rs 5 Lakh

The Central Board of Direct Taxes (CBDT) has introduced new tax rules for life insurance policies with premiums exceeding Rs 5 lakh. Under the new rules, sums received from such policies will no longer be exempt from tax, starting from the assessment year 2024-25. This means that policyholders will have to pay tax on the entire amount received, including the sum assured and any bonuses. The new rules apply to all life insurance policies, except unit-linked insurance policies.

Here are some of the key points to note about the new tax rules:

The new rules will only apply to sums received after the assessment year 2024-25.
The new rules do not apply to unit-linked insurance policies.
The new rules will not apply to policies taken for the benefit of a dependent.
Policyholders who have life insurance policies with premiums exceeding Rs 5 lakh should review their policies in light of the new tax rules. If they are concerned about the tax implications, they should consult with a financial advisor.

Your Ultimate Guide to Choosing the Right Coverage for Life Insurance in India

Unlocking the world of life insurance in India is like embarking on a financial adventure. Imagine your loved ones living carefree even if you’re not around – that’s the magic of life insurance. Wondering how much coverage to aim for? Experts recommend 10-15 times your annual income for a secure future. When it comes to the big choice – term insurance vs whole life insurance – simplicity and affordability make term insurance a superhero choice. It’s like a financial safety net, ensuring your family’s well-being. Remember, life insurance is just one puzzle piece; weave it with investments and goals for a masterpiece of financial freedom.

Health Insurance Claim Rejections in India – How to Avoid Them

Are you worried about health insurance claim rejections in India? Learn the common reasons behind claim denials and protect yourself with our comprehensive guide. Disclose pre-existing conditions truthfully, understand waiting periods, and keep your policy active through timely premium payments. Read and comprehend policy documents, know what’s covered, and be aware of exclusions. Stick to medical expenses during claim filing, follow cashless guidelines, and avoid incorrect information. Should a claim be rejected, gather evidence, request an explanation, and explore the appeal process. Secure your financial future by navigating health insurance claims with confidence!

How to Get the Most Out of Your Health Insurance in India

Health insurance is essential in India due to the rising costs of medical treatment. A health insurance policy can help you pay for hospitalization expenses, including doctor’s fees, room rent, and medicines. There are many different health insurance plans available in India, so you can choose one that meets your needs and budget.

Lack of Health Insurance can Derail your Financial Health

You might be stable in your finances. But a sudden medical emergency can change all that if you do not have health insurance

Your Life is at Risk. Do you have Risk Management in Place?

How about financial risks? We have always been surrounded by them.
We need financial risk management measures in place just like we have in daily life.

Invest Money for My Child’s Future – How?

Majority of parents are worried about investing right for their children’s bright future. A simple search on Google reveals that the media is almost totally covered by insurance companies offering traditional and unit linked plans in the name of child benefit plans.

Investing in an Insurance Plan – 3 Major Pitfalls

Financial planners have been crying themselves hoarse about the wisdom of buying a pure term insurance plan and not investing in an insurance plan. The dual advantage of cheap risk cover and earning much more on your investments can’t be ignored at all.