Health Insurance in Nevada

Medical expenses can mount up alarmingly when you are ill. It’s wise to be covered against medical costs in the unfortunate event of illness in your family or among your employees. In Las Vegas & all of Nevada, you can be part of a group policy offered by most employers, or you can get individual health insurance if you are self-employed or if your employer does not offer health insurance.

As an unemployed or self employed individual it can be hard to find a good and reasonably priced health insurance company in Nevada.
Many consider "short term health insurance" in Nevada as a option.

Short term health insurance is ideal for those in-between jobs, self employed, unemployed. Basically any one who cant currently get health insurance through there employer any time soon.

How to Choose A Nevada Health Insurance Company

There are various ways to find health insurance in Las Vegas, Henderson, Reno, Carson City and other surrounding cites in Nevada.

You can look for agents in your area, or use insurance search engines such as Insureme.
Insureme gets you free quotes from different insurance companies and providers in the Nevada State. They will give you a wide choice, good prices and helpful customer service.
Since insurance coverage can be expensive, it is important to carefully weigh the pros and cons of each health insurance policy you are considering.


What Should You Look for In A Nevada Health Insurance Policy?

When you are choosing your health insurance policy in Nevada, bear some important points in mind. First, make sure your policy is a comprehensive one, which covers all kinds of medical problems. And though you would like a cheap policy, such coverage is not necessarily the best since it may not cover matters such as a hospital stay and other medical costs. Also, make sure the company is one with a good reputation who will protect your privacy.
Consider short term health insurance. It may save you some money if you can get health insurance from your employer in the near future.


Health Insurance Is Regulated
Don’t worry about unfair practices in health insurance – this area is regulated by the Nevada Division of Insurance. And remember, you are eligible for health insurance in Nevada even if you already have a medical condition.


Where to Get Health Insurance in Nevada
There are a number of insurance companies that offer health insurance in addition to other kinds of insurance. Consider companies such as Rsb Incorporated Health Insurance, John Hansen & Associates, Health Insurance Advisors, Summerlin Life & Health Insurance Co., Benepath Inc., Young Insurance Agency, Universal Health Network, US Technical Services, Wong C H Ins, Vankempen Insurance Agency and USA Broker Resources Inc, Unicare NV.

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Homeowners Insurance In Las Vegas

Whatever kind of home you own, whether it’s a small condo or a large house, and whether it’s your own home or a rented place, it’s important that you are protected from the liabilities arising from damage to your home. You have worked hard to earn what you have, and losing your property or seeing home destroyed can be devastating. If you live in areas such Las Vegas, Henderson, Reno, Carson City, cushion yourself against disaster with home insurance. Las Vegas and other cities in Nevada are known for "Flash floods". So check to see if your home is in the danger zone before purchasing homeowners insurance.

What Does Nevada Home Insurance Cover?
You can get home insurance for everything in your home – personal effects, appliances, electronics, even clothes. You can be protected against damage to your home itself or even to garages and other buildings on your property.
Most often flood insurance is not covered. You would need to look into having this added on if you feel your at risk.
You can also be insured against expenses during repair and personal liability in the event of injury or accident on your premises.


How to Choose a Home Insurance Policy
Do ensure that the provider you choose for your home insurance policy has a good reputation in Nevada, especially as far as prompt and fair settlement of claims is concerned. And before you decide on a particular provider, get quotes from as many home insurance companies as possible. You will find many insurance providers in the Nevada area – assess what each of them is offering before you make your choice. Compare not only their rates, but their coverage as well. It’s also a good idea to ensure for replacement cost rather than actual cash value, since this is more beneficial to you. You should be covered for at least 75% of the replacement cost of your home. Also, make sure that liability coverage is included in your home insurance policy. And bear in mind that certain things, such as smoke detectors, burglar alarms and other such protective devices can get you better rates on your home insurance policies.

Where to Get Home Insurance in Nevada
Good companies to get home insurance in Las Vegas include: Insureme, 702 Mortgage & Refinance, the Home Loan Centers of the First National Bank of Nevada and Right Value Financial, to name just a few. You can find more companies online, and also sites where you can get quotes from different home insurance companies in Las Vegas.

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Life Insurance in Las Vegas Nevada

Life Insurance in Las Vegas Nevada
Why Is Life Insurance Important in Nevada?
Today, life insurance has become something of a necessity; it is an investment that can secure your legacy. In addition to this, it is also a sound business plan, especially for those who work in high risk jobs.

Las Vegas Life Insurance Coverage
Different companies have varying life insurance packages, whose rates and costs can change depending on your needs. Then, there is also the matter of the different types of life insurance such as credit life insurance, term life insurance and whole life insurance. Your coverage needs are expected to vary, but it is advisable to get coverage at least eight times above one’s annual income.

In addition to the insurance policy, it is possible to add riders to get exactly what you want from your insurance package.
In Nevada the cheap and most common choice, is term life insurance.

How to Find a Cheap Term Life Insurance Policy In Nevada
Life insurance is never the same for everyone as it depends on the health and age of the individual concerned, not to mention their financial plans. Hence Nevada life insurance providers will supply different insurance packages which can also be adapted to one’s needs. When deciding on your life insurance provider, it is advisable to get quotes from several companies based on your specific requirements. Decide what you want out of the life insurance coverage and how much of a premium you can afford to pay. Examine their insurance offerings carefully before you make your decision – the rates and charges will differ, based on the health of the individual concerned as well. It is also possible to take a life insurance policy that can deduct on your taxes. Such a policy would be of great advantage as it would not only take care of your insurance needs but also cut down on your taxes, saving you additional funds.
Some may find it difficult to cope with analyzing and evaluating the various Nevada life insurance packages. In this case, it is advisable that you meet with life insurance agents from different companies and discuss your specific needs and find the best package that the particular insurance company is able to supply.

Where to Get Life Insurance in Nevada
Some of the established and reputable companies that offer life insurance in Las Vegas and cities in Nevada include Insurme, Orgill / Singer, Allstate, Red Rock, Nationwide Insurance, Liberty Mutual, BigGroupBenefits, American council of Las Vegas and so on.

Such life insurance companies in also offer other plans such as annuities and retirement plans. One essential tip to follow before going to an insurance company is to research it thoroughly and find out whether it is a legitimate and long established.

Nevada cities: Las Vegas, Reno, Henderson, Carson City, Summerlin, Boulder City, Bullhead City

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Auto Insurance in Las Vegas Nevada

Why Is Auto Insurance Important in Las Vegas?
Today, auto insurance is something every vehicle owner should have.
Nevada is a tort state, meaning that the culpability for an accident lies with the driver of the vehicle. It is the driver who will have to bear the costs of such an accident, and these can prove to be very high. So you have to have auto insurance when you get your car registered.


Las Vegas Nevada Car Insurance Coverage
In Nevada, auto insurance, must cover body injuries liability with a minimum of $15,000 for a single person, a minimum of $30,000 for all injuries of the people involved in the accident, and a minimum of $10,000 for damage to property. If you wish, you can also insure yourself against other costs such as those incurred by medical treatment, collisions and so on.

How to Choose an Car Insurance Policy
When you are choosing your auto insurance provider, make sure you get quotes from several companies. Examine their offerings carefully before you make a decision – rates will vary, based on the type of car, and the type of coverage you are looking at. Try to get a higher deductible – the higher your deductibles, the lower will be the premium you have to pay.
Ensure that your coverage meets your needs but doesn’t go into unnecessary areas that are perhaps already covered by other policies you own. It’s a good idea also to ask automobile repair establishments in your area about the responsiveness of various auto insurance carriers. You don’t want to go through a lot of time and trouble in the event that you need to make a claim, and responsive insurance companies can help here.

Many sites online offer you quotes for car insurance and this makes the difficult task of choosing a suitable car insurance policy a lot easier. All you have to do is fill in some details and you will get your quotes in a short time. Look for companies that offer lower premiums for multi-policies, good driving records and other reasons.

Nevada Car Insurance Rates Comparisons
Reputable companies that offer car insurance in Nevada include: AAA, Peter G. Trimboli, Sam Liberty, Geico, American Family, Hardford, Allstate, Farmers Insurance Group and Sines. Auto insurance rates in Las Vegas are regulated by the Nevada Department of Insurance, so you can be assured of fair rates.
To save time applying to each company simply complete the "insureme" form above to apply instantly to many of the leading insurance companies in Las Vegas NV.

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Insurance By State

Alabama, Alaska, Arizona, Arkansas
California, Colorado, Connecticut
Delaware, Florida, Georgia, Hawaii
Idaho State, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine
Maryland, Massachusetts, Michigan
Minnesota, Mississippi, Missouri Montana, Nebraska, Nevada,
New Hampshire, New Jersey,
New Mexico, New York, North Carolina
North Dakota, Ohio, Oklahoma
Oregon, Pennsylvania, Rhode Island
South Carolina, South Dakota
Tennessee, Texas, Utah, Vermont
Virginia, Washington, West Virginia
Wisconsin, Wyoming Capital




Nevada insurance is amongst the highest priced in all the states.
We have the highest rates for car insurance, as Las Vegas (AKA party central) has so many drunk drivers on the road increasing the accident toll.
Finding affordable health insurance in Nevada is also a challenge. Unless you work for a large company or your part of a union, there are few options for small businesses, self employed and individuals other than Blue Cross, Blue Shield. To explore many Nevada health insurance companies at one time, simply get a free quote from our quote box on the right.
Just select the type of insurance you need. Once you complete your application will be submitted to dozens of insurance companies until the best deal is found for you.

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Young Drivers Auto Insurance

It's enough to make young young drivers scream and holler - the increasingly high cost of auto insurance they're forced to pay.

It's a major complaint with students, young people with full- or part-time jobs and parents of young motorists, many of whom have unblemished auto driving records.

Often their need to drive is a basic and costly necessity, especially in areas where public transit is inadequate or doesn't exist.

Alex Carson, 19, a landscape technician student at Las Vegas College in northwest Toronto, owns a 1995 Chevy Cavalier and drives to classes from Aurora.

He has a clean driving record but his annual auto insurance is $3,000. That, along with $3,500 for tuition and books, has to come out of what he can earn from summer employment.

"The cost of auto insurance for young people is very high, particularly for guys," he says. "I thought mine would drop a bit after I'd driven my car for a year but my insurance company wouldn't go for it."

Jennifer Green, 18, a Grade 13 student at Las Vegas District High School considers herself lucky for now.

She has to commute daily from Rockwood in her 1996 Dodge Neon because her parents moved recently and they pay the $2,200 a year for her premiums - which reflects a hefty reduction White got for taking a driver-education course.

When White enters a post-secondary program later this year, however, she'll start paying the auto insurance herself.

"I work part-time and am saving for next year's premiums as well as for school," she says. "I hear lots of complaints from friends about what they have to pay for auto insurance."

Meanwhile, it costs Chris Pike, 22, a horticulturalist student at Humber College, nearly $7,000 a year to insure his 2000 Chevy Sonoma 4x4 truck.

He's been driving since he was 16, lives in Brampton and has a full license but in recent years he's had one speeding offence and was ticketed for careless driving after a minor accident.

"I consider myself a responsible driver," says Pike, who works part-time as a steel erector.

"But auto insurance is a real hassle for young people. You need wheels for school and work, yet you feel discriminated against by insurers and police also seem to come down on us harder than older drivers if we slip up."

Greg McGee, 25, an auto mechanic living in Caledonia, has another take on the issue.

"I spent 18 months in British Columbia with my Trans-Am when I was 21 and paid $1,100 a year for auto insurance," he says. "I had a perfectly clean record but when I got back to Ontario I had to pay $3,400."

In B.C., the Insurance Corporation of British Columbia (ICBC), a Crown agency, provides all auto insurance. It has been in the business for almost 30 years and doesn't take into account the ages of drivers when setting rates, unlike in Ontario.

Nick Geer, president of ICBC, says that its rates are among the lowest in Canada and while a six-year rate freeze has just ended, the average increase for 2003 is 1.4 per cent for basic mandatory insurance for private passenger vehicles and 7.6 per cent for optional insurance.

A survey by the Consumers Association of Canada in 1999 showed that rates for young claims-free drivers and families with young drivers were substantially higher in Toronto than Vancouver.

Moreover, it concluded that the public auto insurance system in B.C. uses the fairest method for determining what a person pays for auto insurance - namely their driving record.

Across Canada only B.C., Saskatchewan, Manitoba and Quebec have at least some elements of government auto insurance.

In Ontario, private companies provide all auto insurance, a vehicle can't be registered without mandatory coverage and rate differences listed by companies when identical quotes are sought are huge. Some rates are so out-of-line, in fact, that they almost seem set to discourage business.

The latest figures from Statistics Canada show that auto insurance rates in Canada's 10 provinces increased between 7.2 per cent and 70.6 per cent from February, 2002, to February, 2003.

The smallest increases over the same period were in provinces that have public auto insurance, Manitoba 7.2 per cent, B.C. 7.3 per cent and Saskatchewan 9.5 per cent.

Figures for other provinces were: Ontario 29.7 per cent, Quebec 37.2 per cent, Prince Edward Island 58.4 per cent, Alberta 59.4 per cent, Newfoundland 63.8 per cent, Nove Scotia 65.9 per cent and New Brunswick 70.6 per cent.

Dave Smith of East York recently complained to the Star that auto insurance on two Honda Civics driven by himself and his wife has soared by 42 per cent as a result of one minor speeding ticket in 2001, despite an accident-free, claim-free driving record.

For example, it obtained quotes on Jan. 10 for a 22-year-old single man driving a 2000 Chevy Cavalier with a clean driving record and gave auto insurance quotes for 27 communities across Ontario.

The lowest auto insurance quotes offered ranged from $1,911 in Waterloo to $3,325 in Toronto and the highest were between $4,867 in Ottawa and $9,126 in Toronto.

Amazingly, in Niagara Falls, you could have paid $2,161 or $6,837, a difference of 316 per cent.

A woman, also 22 and again with a clean record, would receive major savings on auto insurance for a 2000 Cavalier. On the same basis, the lowest premiums offered ranged from $1,228 in Brockville to $2,447 in Toronto and the highest were between $2,862 in Kingston and $5,839 in Toronto.

Recent insurance premium increases for Ontario drivers have been nothing but horrendous, says Angelo DiCicco, general manager in Toronto for Young Drivers of Canada (YDC), which offers a wide range of Ministry of Transportation-approved driver-training courses.

DiCicco recommends that parents only allow their children to drive on family auto insurance if they are specifically listed on the policy so they can start accumulating a clean driving record for auto insurance purposes.

A survey of 13 auto insurance companies by Hallmark Insurance Brokers in Toronto on Feb. 5 came up with $6,960 as the best full coverage pleasure-use annual premium for a 21-year-old man, a new driver graduate of a YDC course and owner of a 2000 Ford Focus to be driven in Toronto.

With a similar scenario, the premium for a woman was $4,675. The man would pay a whopping $12,006 without having taken approved driver training.

Auto insurance companies say factors driving up costs include the fallout from the terrorist attacks in the U.S., more injury claims, more expensive and complex medical treatments, higher repair costs, more lawsuits and fraudulent claims.

In fact, auto insurance is no longer profitable, says Kathy Bards, chief executive of The Co-operators Group.

"It doesn't make sense for us to allocate additional money, time and resources to go out seeking new business," she adds.

Eve Patterson, Ontario regional services manager for the Insurance Bureau of Canada, says that under a "take all comers" rule, insurers can't deny auto insurance coverage to applicants.

She says the bureau has seen complaint calls about premium boosts increase considerably in recent months, especially from people on fixed incomes.

Young drivers should understand that if they buy a muscle car or a new car, insurance costs will be very high, Patterson says.

Usually, she adds, insurance companies will allow one minor traffic conviction, such as speeding or non-use of a seatbelt, before bumping up premiums into a new classification.

Garth Dynes of Dynes Insurance Brokers of Richmond Hill says a lot of auto insurance companies discourage brokers from submitting business from new drivers or inexperienced ones.

He says it's usually best for young drivers to start with a used car under $5,000 so they won't need collision coverage.

"If they lease a car they're obliged to have full coverage and that can push the price of insurance up to $4,000, $5,000 or $6,000," Dynes adds.

If parents have home and auto insurance with the same company they can probably get a discount.

"A lot of companies will extend that discount to a person living in the household or a son or daughter away at school so he or she might get 10 per cent off auto insurance rates."

With some family policies, every car in the household might get a discount and bring another 10 per cent saving, Dynes adds.

"One way of getting savings with an older vehicle is to go for a higher deductible on collision insurance or even eliminate it," says Dynes.

Overall, auto insurance in seems something of a minefield and a particular burden for young drivers. It's prudent to shop around widely for the best auto insurance quotes and check the experiences of family and friends.

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Health Insurance Rates

Naturally health insurance rates vary from one company to another.
One thing health insurance companies have in common is that the rates will be higher with the more coverage you request.
Its important to compare health insurance rates to find the lowest for you or your family.

Insurance Rates For Families & Individuals
Sometimes rates for different plans can be confusing.
Married couples with no children (or children that are now to old for the plan) often complain about there government group insurance rates being higher than the average individual cover costs.
The same rates for a family insurance plan or group cover can apply to both small and large families. Such rates, though beneficial for families with one or more children, are expensive for a family of just two individuals.

Smoking Health Insurance Rates
One contention among insurance seekers is that OPM (Offices Of Personal Management) coverage rates can be the same for smokers and non-smokers, despite the general view that smokers are at more of a health risk.
This is to prevent any arguments and chaos about the freedom people should have to choose the lifestyle they wish.

FEHBP Rates
If you are a federal employee then it is possible that you may enjoy more benefits, but do remember that the rates differ depending on which service you are involved in. Also, for those under the FEHBP (Federal Employees Health Benefits Program), changes in policy naturally affect their insurance rates.

Prescription Drugs
A factor that constantly affects insurance rates is the cost of prescription drugs. When prescription drug prices go up, the insurance rates go up, or worse the coverage offered by the company could turn out to be insufficient to cover your medical bills.

Economy Effecting Insurance Rates
Another influential factor for insurance and healthcare rates is the economy of the country. Even the slightest changes in the economy will translate itself to all other industries, including insurance. Insurance rates increase by a domino effect. After oil and steel prices increase, manufacturing costs go higher. Thereafter, healthcare costs will also show a significant rise to combat the escalating rates - and as a result, the insurance rates will also increase.

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Finding Health Insurance After Cancer

Insurance companies across the nation are very cautious when giving insurance coverage. Many clients with pre-existing conditions are not given health insurance cover. Cancer is one of the conditions that few insurance companies will accept.
People who had cancer have a hard time getting affordable health insurance cover, even though they were treated and recovered. This is because most insurance companies do not want to pay for the doctor's visits and the possibility of further chemotherapy treatment.
Applicants who had cancer may be considered as a liability to the company.

There are health insurance companies that offer health insurance after cancer but their insurance rates are naturally higher than it would be for those people that haven't experienced cancer. Although insurance companies are not allowed to deny anyone medical insurance, it is possible for them to leave out some pre-existing conditions from the cover, or exclude a few conditions for a specific time period.

As the coverage options and laws can differ from state to state in the United States, it is best advised that you check on the laws first and then seek out insurance companies. The waiting period varies per company and type of cancer experienced.
Wait times for most cancers are typically 10 years. Breast and prostate cancer often have a minimum wait of 5 years. Skin cancers can be 1 year, and Basal normally has a minimum of 6 months.

The best option is to select the company that provides you coverage with the smallest waiting period for pre-existing conditions.



Advice On Finding Health Insurance After Cancer

Most people in the US have health insurance through their job.
If you have insurance and get struck by cancer you should be covered for medical care and treatment.
However the health insurance problems lie after people lose their jobs.

If its within your power don't leave your employment until you can find new employment that will offer you health insurance after cancer.
Don't let you policy expire.

The unemployed may want to seek out employment offering health insurance.
New plans arise all the time so be sure to shop around as many insurance companies as possible.
For those who are over the age of 65, coverage may be possible through Medicare, a federal insurance program.

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What Is Universal Life Insurance?

One of the benefits of Universal Life Insurance is that it's the most flexible type of policie you can have for yourself. After the initial premium payment, the insured has the option of paying higher or lower premiums as long as they pay the minimum payment. Universal policies have many similarities to whole life policies because the idea of universal policies basically derived from the idea of whole life policies. Following are some aspects of universal life insurance that will help you understand the concept and make an informed decision

What are the Types of Universal Life Insurance?
There are three main types of basic Universal Life Insurance. The Single Premium type involves one large premium payment at the beginning of the policy. This policy stays in effect as long as this payment covers the "cost of insurance," or COI, charges. With a Fixed Premium Universal Life Policy, the insured makes monthly or annual payments for a fixed amount of time. If an insured chooses a Flexible Premium Universal Life policy, they can choose how much to pay on their premiums as long as they make a minimum payment. The insured can also choose between a level death benefit or an increasing death benefit.

How Does Universal Life Insurance Work?
The process of a Universal Life Insurance policy can be complicated. First of all, five percent of each premium payment is used toward basic expenses, including processing charges and other fees needed to keep the policy in effect. The other 95 percent goes to the policy's Account Value. The Account Value earns interest which gets added to the policy each month. Although the interest rate changes, the policy guarantees at least four percent annually. During the life of a policy, the insured can increase or decrease their premiums as well as the amount of insurance. For instance, they can borrow money from the accumulated value, thus reducing the amount paid out after their death.

What is Variable Universal Life Insurance?
Variable Universal Life Insurance, or VUL, allows the policyholder to invest the policy's cash value in different accounts. This is similar to mutual funds in that the insured can spread the cash value over several investments. VUL is a form of Universal Life Insurance because it gives the insured the option of paying different premium amounts as long as the follow the policy's and the IRS's regulations.

Life insurance can be a complicated idea. When you start looking at all the different types of insurance, it can be quite overwhelming. Universal Life and VUL may seem difficult to understand, but many people choose them because of their many advantages over other types of life insurance. The important thing to remember is to evaluate your needs and find the type of insurance that is best for you and your beneficiaries.

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Whole Life Insurance Explained

In short, whole life insurance is basically a permanent life insurance policy that covers you until the day you die. The only catch is that you have to make your premium payments on time each month until you die to keep the policy in effect. Whole life insurance policies are different than other policies in that you can borrow money from the cash value you have built up over the years within the policy.
As such, some people have been able to find their way out of financial emergencies with the monies available in their whole term life insurance policy.


Advantages Of Whole Life Insurance:

Whole Life Insurance Policies Have Guaranteed Cash Values
A portion of your premium payments are invested in such a way so that you can enjoy a guaranteed cash value. If you ever decide to get rid of your whole life insurance policy, you will often get a "cash surrender value" depending upon the amount of money in the policy and if you have borrowed against it recently.

Whole Life Insurance Policies are Tax-Free
The growth in a whole life insurance policy is currently tax-free. That means you can build it up through your premium payments without paying taxes on the growth.

Whole Life Insurance Policies Can Earn Dividends
When an insurance company charges you more for your whole life premiums than the company's actual costs for the policy, they sometimes return the difference to you in the form of dividends. It's difficult for a company to predict their actual costs in advance, so these returns are not guaranteed. Dividends are just a nice feature because it's like unexpected money.

Whole life insurance is a great way to make sure your affairs are tended to after you pass away. But it's also an ideal way to have access to the money you have built up in the policy while you're still alive. Compare the different companies and find a whole life insurance policy that's right for you.

Types of Whole Life Policies
As you can see the above define many benefits for whole life insurance.
There are generally eight different types of whole life insurance policies. They are participating, non-participating, indeterminate premium, limited pay, economic, single premium, and interest sensitive. Most companies only offer a few of the different types of whole policies and there are even companies that offer different types that are not listed here. The type of whole life policy you choose will be based on the insurance company you choose, your budget and your insurance needs as each one has its own specific offerings and regulations.

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Mortgage Life Insurance

Mortgage Life Insurance

Mortgage Life Insurance will help settle a mortgage should the homeowner die before fully repaying their mortgage. People prefer taking up the mortgage life insurance instead of leaving the family with a burden of paying the mortgage.
This insurance is usually purchased by the over 50s, although there are young people who take up this form of insurance for extra protection. There are also flexible mortgage insurance policies that are suited for younger people

At the commencement of the insurance, the value is proportionate to the outstanding mortgage payments. The policy termination date too coincides with the date that the mortgage payments are settled. Insurance companies calculate the capital sum sufficient to repay the mortgage before deciding the premiums that the person taking up the insurance will pay. It is therefore important to compare various mortgage insurance rates and choose the best. A good mortgage insurance cover has low premium rates.

In cases where a policyholder is diagnosed with a condition that may result in his death within twelve months, the insurance companies may not pay out. This is because insurance companies want to avoid risks. On the contrary, the premium rates may increase for such a policy holder if they want the insurance company to extend the mortgage insurance. It is therefore advisable to take the time and thoroughly read your mortgage life insurance plan and know what happens in such a case.
However, this trend is commonly used in the more modern premium policies. The traditional life mortgage insurance policy on the other hand has higher rates but guarantees that the insurance will pay the mortgage in case the policyholder dies.

The factors that determine the amount of premiums include the repayment period of the life insurance and the health condition of the policy holder. Age and disability are also minor determinants. Insurance companies will give an older person a higher mortgage life insurance quote than the one they offer young people. This increase in insurance quotes due to age is based on the idea that giving a mortgage insurance cover to an older person is more risky. Other risks are also going to be placed in consideration. Such as:

What health is applicant in?

Does the applicant take part in any dangerous activates?

How is the applicants credit and employment situation?

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Term Life Insurance vs. Whole Life Insurance

We get many emails asking "which is better term or whole life insurance". Comparing the different types of available insurance can be an overwhelming task. As such, that's often best left to the agents and professionals. However, you can make some basic decisions for yourself about the type of policy you need. Following are some comparisons between a basic Term Life Insurance policy and a basic Whole Life Insurance policy to help you make some decisions that meet your life insurance needs.

Premium Payments
One of the main differences between Term Life policies and Whole Life policies is the premium payments. With Term Life policies, the premiums are generally lower because there is a fairly good chance that the insured will outlive the policy and never cash it in. With Whole Life policies, however, the premiums are typically higher because these policies offer permanent protection as long as the premium payments are made.

Flexibility
Term Life policies are less flexible than Whole Life policies. With Whole Life policies, for instance, the insured is often allowed to withdraw money from the cash value they have built up with their premium payments over the years. The insured can also choose different payout options for beneficiaries, such as death benefit plus the cash value or just the death benefit, depending on your particular policy. Term Life policies, on the other hand, do not offer this option. You simply make premium payments and your beneficiaries get the cash value of the policy if you die within the time of the policy.

Death Benefits
The death benefits between Whole Life and Term Life policies are another consideration when making your decision. Death benefits for Term Life policies are only paid out if you die within the term of the policy. For instance, if you choose a 20-year Term Life policy and you die while you're making payments, your beneficiaries receive the face value of the policy. After 20 years, though, you either surrender your policy or renew it through your current agency at a higher premium. With Whole Life policies, however, you are covered for the entire life of the policy, assuming you keep making premium payments and you have not withdrawn money from the available cash value.

Whichever way you look at it, there is no clear advantage of one type of insurance over the other. Term Life Insurance and Whole Life Insurance both have their advantages and disadvantages. That's why it's critical to discuss your options with a professional agent before making your final decision.

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What is Term Life Insurance?

Of the different types of life insurance that you can choose from, term life insurance is likely the easiest to define and explain. Term life insurance is more of a temporary form of life insurance designed for people who have long-term financial goals with some short-term responsibilities. Its affordability also appeals to many people on a tight budget because you can typically get a large amount of insurance for a cheaper price than other types of insurance.

How a Term Life Insurance Policy Works
A term life insurance policy is only good for a certain "term." Most insurance companies offer term policies for 5, 10, 15, 20 or 30 years. This means that the insured person pays the premiums each month (or annually, whichever way it is set up) for that term. If you choose a 30 year plan, you will pay the premiums for 30 years. If you die during that time, your beneficiary receives the face value of the policy. A $500,000 policy, for instance, will pay $500,000 to your beneficiary. If, however, you outlive the term, you are no longer insured under the term life policy.

Primary Purpose of Term Life Insurance
The main purpose of term life insurance is to provide the money needed to pay off any outstanding responsibilities once an insured person dies. For instance, a person may get a policy that has enough coverage to pay off a mortgage in the event of their death. This helps to ensure that the surviving spouse is not stuck with the remaining mortgage and a smaller income. A term policy also provides money for a surviving spouse to use for living expenses.

Types of Term Life Insurance Policies
There are two basic types of term life insurance policies: adjustable and level term. With an adjustable term life insurance policy, your premiums could fluctuate based on the current mortality rates and other factors that affect you and your lifestyle. However, premium prices can never be more expensive than the maximum level listed in your policy. Level term policies have the same premium payments throughout the life of the policy regardless of any changes. However, this is often more expensive because the insurer must take into account the rising cost over the length of the term.

Term life insurance policies are a great way to have peace of mind about your finances and your family's well-being after you pass away. It may also put your spouse's mind at ease knowing that they are financially independent instead of worrying about how they are going to pay their bills. Be sure to research the various types of insurance before making your final decision.

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Insurance Questions & Answers

Insurance Questions & Answers

Auto Insurance Questions & Answers

What is the penalty for no car insurance?
Such a traffic violation will vary from State to State. In some States you can have your license revoked but typically a fine and points on your license is what you can expect if the police pull you over.

How much does auto insurance cost?
Rates vary person to person. The main factors that insurance companies price in are sex, age, annual mileage, driving record, state/zip code, if its garaged and type of motor vehicle.

Sex: Men pay higher rates than woman
Age: If you can keep a clean driving record 18 years, 21 years, 26, years, 30 years, 50 years, and 65 years of age are times you can expect a significant reduction in your auto insurance rate.
Annual Mileage: If you drive many miles you are considered a higher risk than someone self employed that works from home.
Driving record: If you have broken the law and obtained points on your license via speeding tickets, driving through a stop sign, a DUI you can expect an increase in your insurance rate.
Parked: If your car is garaged or in a gated community your car insurance rate will be lower than if its parked under a carport or has uncovered or not gated.
State Zip: Zip codes with higher crime rates (especially theft) and zip codes with higher car accidents/crashes will pay higher rates than those with lower crime/theft and few accindents.
Car type: Fast cars and cars that attract fast drivers generally cost more to insure.
Cars types with higher rates: hatchbacks', sports cars, convertibles, coupes
Car types with lower rates: Sedans, Wagons, mini vans

Car makes know for higher rates: Acura, , AMC, , , , , , , Mercedes Benz, , ,

Car makes know for lower rates: Buick, Chevrolet, Chrysler, Daewoo, Daihatsu, Datsun, DeLorean , Ford, , Isuzu, Jeep, Kia, Mazda, Mercury, Merkur, MINI, Mitsubishi , Saturn, Scion, Subaru , ,

How to get auto insurance if you currently have none?
Apply! The quickest and best deals are online. Get a free insurance quote online by completing the box at the top of the page.

How do you get insurance on a car not registered to you?
The registered owner of the vehicle will need to apply or provide authorization for the insurance.

How much is car insurance for a 16 year old?
Insurance prices are going to vary from one company to another. Many teenagers have the option to put there name on there parents insurance. This is cheaper but puts the insurance rate of the parents at risk and also doesn't help the new driver build up a record. To find out your rate simply apply get a free insurance quote today.

Why do men pay more than women on car insurance?
Women are know for being safer drivers. Not as aggressive and more patient. Men a specially younger drivers are known to drive faster and take more risks and therefore pay higher insurance rates.

Do I have to carry proof of car insurance?
Yes. Its the law in most States. Should you pulled over by the police Without it you can expect a fine or if your lucky you might just have to go down to the police station to show proof of insurance.



Got a DUI on our insurance policy do my rates go up?
Yes. Rates will go up dramatically after a DUI. Many insurance companies may not even offer you insurance. You may want to shop for the best quote before you insurance company reacts to the DUI.


Home Insurance Questions & Answers

I am going to buy a house when do I get homeowners insurance?
Homeowners insurance is purchased as part of your mortgage. You won't need to purchase it until you buy your house. We recommend shopping for homeowners insurance the same time your ready to buy a house.

Where can I get cheap house insurance?
Best thing to do is shop around. There are many good homeowners insurance companies to choose from. To find the best cheap house insurance for you shop for free quotes today.

How to shop for homeowners insurance?
Online is the fastest and easiest way. Just complete the box at the top of the site at get an instant home owners insurance quote today.

How can I get a homeowners insurance quote?
Get a homeowners insurance quote in seconds and compare the best quotes in your State when you apply online today free. Simply complete the form at the top of the page.

Why do I need homeowners insurance?
Its required by law that everyone has homeowners insurance. A house is such a large investment. If it was to set on fire, burn down most people wouldn't be able to afford to fix it or rebuild it without insurance.

Health Insurance Questions & Answers

How to get a low rate on health insurance?
Your health insurance rate takes many factors into account. There is only so much we can do about our age. Once we get into our late 20s health insurance is only going to go up. Best thing we can do is not smoke, eat and live healthy and shop around for the best rate.

How to compare health insurance?
Complete the box at the top of our site and compare dozens of health insurance companies at once!

How many health insurance companies are there in the us?
There are hundreds of health insurance companies in the US. Many only operate in certain States.


How much does health insurance cost?
There are many different types of polices out there. Prices are going to vary depending on your age, sex, employment, health and risk. Polices such emergency can start as low as $50 a month.

How to evaluate your health care insurance plan?
Contact your health insurance provider. Make sure you understand how your copay works and what your covered for. Then shop and compare similar health care insurance plans.

How to save on workers compensation insurance premiums?

How to lower health insurance premiums?
Going on someone else's insurance.
Lead a healthier life... Quit smoking eat healthy.
Find employment with good health insurance.

Job change health insurance what to do?
Ask your supervisor or potential employer what health insurance options they recommend. If your spouse has insurance you may be able to get on his or hers.

Where can I compare health insurance rates?
Right here! Simply click here and enter your details into the insure me box. All quotes are free with no obligation.

I have insurance so can i get pain meds?
Prescription drugs need to be prescribed by your doctor or GP.
Insurance doesn't mean you can obtain pain relieving drugs without good cause.



Life Insurance Questions & Answers

How much does life insurance cost?
There are various different types of life insurance, such as: Whole, Term, Universal.
Term is the most common and the least expensive. Prices vary depending on circumstances such as age, your health, income, number of children or dependents. To find out how much life insurance will cost for you, get a free insurance quote from the search engine located at the top of the page.

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Do I Need Life Insurance?

Life insurance is a necessity these days to help families pay for funerals, outstanding debts and other expenses after a person passes away. Unfortunately, it's also one of the necessities that people do not think about until it's too late.

Types Of Life Insurance
Life insurance comes in many forms and the choices can be overwhelming for those who have never dealt with these different types of policies before. One of the most common types of life insurance is a term life insurance policy. With this type of policy, the insured simply makes premium payments for a preset number of years. If the insured passes away during the term of the policy, the beneficiaries receive the face value of the payout. If, however, the insured outlives the policy, there is no payout. This type of policy is typically used to pay off debts and mortgages in case of an early death.
Other types of life insurance: Mortgage Life Insurance, Universal Life Insurance?

Whole Life Insurance
Whole life policies are another popular form of life insurance and they provide permanent coverage until the insured dies. Another major difference between a term life and whole life insurance policy is that a whole life policy builds up cash value over the years and the insured can borrow against it or use it for emergencies. Whole life policies are typically more expensive than term life insurance policies, too.

How Much Life Insurance?
Deciding how much life insurance to get for yourself or a family member depends on the financial contribution to the household income. If you are the main contributor, a general rule is that you should have a policy on yourself that is between eight to 10 times your annual income. That means if you bring home $50,000 each year, you should have a life insurance policy with a face value of about $500,000. You should also consider funeral expenses and other expenses that your family may incur after your death, such as college tuition for your children and other necessities.

On the other hand, if you are getting a life insurance for a family member that does not directly contribute to the household income, you may want to consider a simple policy that pays for funeral and burial expenses. Also consider any debts or other expenses they are going to leave behind when deciding how much of a policy to get.

The Benefits of Life Insurance
The benefits of having a life insurance policy are obvious. For one thing, your family does not have to worry about how they are going to pay their bills and expenses if you contributed to the household income. Your life insurance policy should cover those expenses with some left over. A life insurance policy also reduces the financial stress that a funeral and burial can cause. Finally, the main benefit of life insurance is peace of mind knowing that you have prepared your family for your eventual passing.

Life insurance is an essential commodity in today's world. Don't put it off until it's too late. Start looking for a policy as soon as possible.

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Free Homeowners Insurance

Since your home is likely your largest and most significant financial investment, it's vital to have a comprehensive homeowner's insurance policy in case of a tragic event. Many homeowner policies also have coverage that extends to the valuable possessions that you keep in and around your home as well as liability coverage in case someone gets injured or hurt on your property.

Basic Types of Homeowner Insurance Policies
There are several different types of homeowner insurance policies. The type of policy you choose will depend on the state in which you live and whether or not your own your home. The most basic policy is called the HO-1, which is a limited coverage policy. This basic policy only covers the first 10 disasters that you claim on your insurance. However, most states no longer offer the HO-1 policy.

The HO-2 policy is a bit more comprehensive than the HO-1, but it's not much better. It provides coverage for the first 16 damage claims. You can also get this type of policy for a mobile home.

The HO-3 is the most popular homeowner insurance policy because it provides comprehensive protection for your home and belongings. There are, however, some exemptions to the coverage, but those exemptions are spelled out in the policy. You can often add "riders" or other forms of insurance to cover things that are exempt in your HO-3 homeowner policy.

There are also several other types of policies that are less common. The HO-8, for instance, is available for older homes to protect the actual cash value rather than the replacement cost. An HO-6 policy is available for condominiums and co-ops. There is also the HO4-Renter policies that protects people who are renting their home and their belongings within the dwelling.

Levels of Coverage
As there are different types of policies you can choose from as a homeowner, there are also three levels of coverage available. Actual cash value is one of the most common terms in a homeowner's policy. It refers to the type of coverage that will replace your home and/or possessions at their current cash value. This means if you had a TV that was worth $5,000 when you bought it three years ago, your insurance may only reimburse you $2,500 because it depreciated 50 percent since you bought it new.

Replacement cost is the more popular level of coverage because it pays the policyholder the price of repairs and replacements at the current value. With replacement cost coverage, there is no deduction for depreciation so the policyholder can replace their belongings without suffering a financial loss.

Extended replacement cost is even more popular than the normal replacement cost level. With this type of policy, you can have any repairs done to your home to bring it back to the way it was before the disaster regardless of the cost. Your insurance company will usually pay an extra percentage of your policy limits to bring your home back to normal. However, these types of policies are not available for older homes.

Having a comprehensive home insurance policy is essential for protecting your investment, your home and your family. It also offers a peace of mind that you simply cannot put a price on.

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Free Health Insurance

With the rising costs in medical care, health insurance is a vital commodity to have these days. But with all of the options and different types, choosing between health insurance policies can be overwhelming. Health insurance policies typically fall into two categories – indemnity plans and managed care plans.

Indemnity Health Care Plans
Indemnity plans are often referred to as fee-for-service plans because you are charged a fee from the health provider after services are rendered. However, you have the option of going to any health care provider of your choice under this type of plan. There are five basic indemnity health care plans available.

Basic Indemnity Health Plan
Basic indemnity health plans give the insured the flexibility to choose their own health care provider. The plan then reimburses the insured or the provider for the costs incurred for services. The insured is usually responsible for a deductible before the plan begins to pay and they typically have to pay a co-payment for services as well.

Healthcare Flexible Spending Plans
Flexible spending plans are indemnity plans that are usually offered by a person's employer. However, the employee can design their own benefit package to meet their health care needs. Some of these types of plans include a pre-tax conversion plan, medical plans plus flexible spending accounts and pre-tax conversion plans, among others.

"Basic and Essential" health plans are indemnity plans with more limits and restrictions, but they are less expensive than other indemnity plans. Premiums are also based on a person's health status, gender, occupation and age. As a result, these plans could be rather costly depending on a person's perceived risk and needs.

Health Savings Accounts, or HSAs, are basically savings accounts that allow people to save money tax-free for their health care needs. There are no premiums with HSAs, but they will help you pay any health-related out-of-pocket expenses.

High-Deductible Health Plans, or HDHPs, are plans that cover the insured only for catastrophic health events. However, the insured is usually responsible for a high deductible before this type of plan kicks in.

Managed Care Health Plans
Managed care options are typically less expensive than indemnity plans, but they are more restrictive. There are basically three types of managed health care plans from which you can choose.

POS Health Plan
Point-of-Service, or POS plans involve referrals among doctors within your plan. Your services are covered if your primary care doctor refers you to another doctor. However, if you refer yourself to another doctor, you are responsible for a percentage of the coverage.

Health Maintenance Organization Health Insurance Plan
Health Maintenance Organizations, or HMOs, are plans that in which you are basically managed by your primary care physician. Your doctor refers you to other doctors if necessary and the HMO plan pays most of the cost. You are generally responsible for a small co-payment, but there are fewer out-of-pocket expenses than with other plans.

Preferred Provider Organizations Insurance Plan
Preferred Provider Organizations, or PPOs, are managed care plans that involve healthcare services within a network. These plans typically pay health care providers based on a discounted fee schedule. You can go out of the network, but you will be responsible for the difference in cost.

Other than indemnity health plans and managed care plans, there are also government-sponsored plans that cover children, senior citizens, disabled persons, Native Americans, military personnel and those who typically cannot afford health care.

When choosing the health care plan that's right for you, evaluate your needs realistically and make a decision based on that. It's the best way to ensure you're not paying premiums and expenses for options that you will never use.

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Best Auto Insurance

Auto Insurance
With the exception of Wisconsin and New Hampshire, drivers in all states need some form of auto insurance in order to legally be on the roads. In addition to being a legal responsibility, auto insurance is also a social responsibility so other drivers have a financial recourse in the event of an accident.


Types of Auto Insurance Coverage
There are basically six types of auto insurance coverage included with most policies. Some of these are required, but others are optional depending on the various state laws. Bodily injury liability and property damage liability are two types of coverage that are required in most states because it provides financial protection for others in case you damage their property or cause bodily harm to them. Many times, this type of coverage also pays your legal bills if you are the one that caused the accident.

Collision and comprehensive coverage are two more types of coverage offered on most basic auto insurance policies. The collision aspect of this coverage is the part that pays for repairs to your own vehicle after an accident. Or, if your car is damaged too much, the insurance company will often provide the cash value of the vehicle rather than fix it. The comprehensive aspect of this coverage is for damages that happened for reasons other than an accident, such as fire, theft, natural disasters or vandalism. Comprehensive coverage often covers windshield cracks, too.

Personal Injury Protection and MedPay are types of coverage that are used to pay for medical bills, bodily injury and even funeral expenses as the result of an accident. This type of insurance is only required in about 16 states, but it's often unnecessary if you have medical coverage already.

Uninsured or underinsured motorists (UM and UIM) coverage covers a driver if they are struck by another driver that is uninsured or underinsured. This type of coverage is also used in the event of a hit-and-run accident. UM coverage is required for drivers in most states, but UIM is only required in a few states.

Different Types of Auto Insurance Coverage
Although there are six basic types of coverage included with most auto insurance policies, you can also get some extra coverage that makes things easier in case of an accident. For instance, you can get coverage that reimburses you for a rental car if your car gets damaged or stolen. You can also get coverage that pays for towing and labor charges in case your car breaks down on the road. There is also gap insurance that basically pays off your car if you are still making payments on it and it gets totaled.

With auto insurance, coverage requirement differ from state to state. It's important to know your state's requirements before getting behind the wheel of a car. Talk to your insurance agent and make sure you have the required amount of coverage. It's not only a responsibility you have to yourself, it's a responsibility you have toward your fellow drivers.

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Life Insurance Corporation of India

The Life Insurance Corporation of India (LIC) (Hindi: भारतीय जीवन बीमा निगम) is the largest state-owned life insurance company in India, and also the country's largest investor. It is fully owned by the Government of India. It also funds close to 24.6% of the Indian Government's expenses. It has assets estimated of Indian Rupee ₹9.31 trillion (US$202.03 billion).[1] It was founded in 1956 with the merger of more than 200 insurance companies and provident societies. [2]

Headquartered in Mumbai, financial and commercial capital of India,[3] the Life Insurance Corporation of India currently has 8 zonal Offices and 101 divisional offices located in different parts of India, at least 2048 branches located in different cities and towns of India along with satellite Offices attached to about some 50 Branches, and has a network of around 1.2 million agents for soliciting life insurance business from the public.
Contents
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1 History
2 Nationalization
3 Current status
4 References
5 External links

History

The Oriental Life Insurance Company, the first corporate entity in India offering life insurance coverage, was established in Calcutta in 1818 by Bipin Behari Dasgupta and others. Europeans in India were its primary target market, and it charged Indians heftier premiums. The Bombay Mutual Life Assurance Society, formed in 1870, was the first native insurance provider. Other insurance companies established in the pre-independence era included

Bharat Insurance Company (1896)
United India (1906)
National Indian (1906)
National Insurance (1906)
Co-operative Assurance (1906)
Hindustan Co-operatives (1907)
Indian Mercantile
General Assurance
Swadeshi Life (later Bombay Life)

The first 150 years were marked mostly by turbulent economic conditions. It witnessed, India's First War of Independence, adverse effects of the World War I and World War II on the economy of India, and in between them the period of world wide economic crises triggered by the Great depression. The first half of the 20th century also saw a heightened struggle for India's independence. The aggregate effect of these events led to a high rate of bankruptcies and liquidation of life insurance companies in India. This had adversely affected the faith of the general public in the utility of obtaining life cover.

The Life Insurance Act and the Provident Fund Act were passed in 1912, providing the first regulatory mechanisms in the Life Insurance industry. The Indian Insurance Companies Act of 1928 authorized the government to obtain statistical information from companies operating in both life and non-life insurance areas. The subsequent Insurance Act of 1938 brought stricter state control over an industry that had seen several financially unsound ventures fail. A bill was also introduced in the Legislative Assembly in 1944 to nationalize the insurance industry.
Nationalization

In 1955, parliamentarian Amol Barate raised the matter of insurance fraud by owners of private insurance companies. In the ensuing investigations, one of India's wealthiest businessmen, Ram Kishan Dalmia, owner of the Times of India newspaper, was sent to prison for two years. Eventually, the Parliament of India passed the Life Insurance of India Act on 1956-06-19, and the Life Insurance Corporation of India was created on 1956-09-01, by consolidating the life insurance business of 245 private life insurers and other entities offering life insurance services. Nationalization of the life insurance business in India was a result of the Industrial Policy Resolution of 1956, which had created a policy framework for extending state control over at least seventeen sectors of the economy, including the life insurance. lic is the indias top most government insurance company as compair to the private insurance companies in india
Current status
LIC building, at Connaught Place, New Delhi, designed by Charles Correa, 1986.

Over its existence of around 50 years, Life Insurance Corporation of India, which commanded a monopoly of soliciting and selling life insurance in India, created huge surpluses, and contributed around 7 % of India's GDP in 2006.

The Corporation, which started its business with around 300 offices, 5.6 million policies and a corpus of INR 459 million (US$ 92 million as per the 1959 exchange rate of roughly Rs. 5 for a US $ [4], has grown to 25000 servicing around 180 million policies and a corpus of over Indian Rupee ₹8 trillion (US$173.6 billion).

The recent[when?] Economic Times Brand Equity Survey rated LIC as the No. 1 Service Brand of the Country. The slogan of LIC is "Zindagi ke saath bhi,Zindagi ke baad bhi"in hindi. In english it means "with life also,after life also.

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Get The Best Health Insurance Plans

What is Health or Mediclaim Insurance ?

Health insurance pays for all or part of a person’s health care bills. The types of health insurance are group health plans, individual plans, family floater , workers’ compensation etc. Health insurance is an insurance Policy that insures you and your family against any medical expenses. Your medical expenses will be taken care of by the insurance company provided you pay your premium regularly. Cover extends to pre-hospitalisation and post-hospitalisation for periods of 30 days and 60 days respectively. Domiciliary hospitalisation is also covered.

What are the Benefits of taking Health Insurance?

The cost of doctors fees, Medicine and hospitalization expenses is getting dearer by each day.Rising medical expenses can burn a hole in your pocket in case of a medical emergency or during an illness. By taking a health insurance policy a person can safeguard himself and his family from the burden of high cost of treatment.

Other benefits include :-

It Reimburses the medical expenses.
Discount on insurance premium is available on family package.
The premium paid up to a maximum of Rs.15,000 is totally exempt from income tax.
The Premiums are lower for younger people.

What is Domiciliary hospitalisation?

Domiciliary hospitalisation means that a patient can be treated at home when he is not in a condition to be moved to the hospital or where there is no accommodation in the specialist hospital is provided.

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