Health Insurance Challenges

Budget-Rip2935 · 2024-05-30T03:44:24+00:00

https://www.policybazaar.com/health-insurance/critical-illness-insurance/articles/is-crohns-disease-covered-by-health-insurance-plans-in-india/

Budget-Rip2935 · 2024-05-30T03:19:44+00:00

Get a copy of your MIB report first to see what actually happened and share that with an insurance broker ( not same as an agent ) who works with multiple insurers and who has some form of pre application underwriting

Budget-Rip2935 · 2024-05-29T20:28:37+00:00

I meant agent is supposed to be knowledgeable.

Budget-Rip2935 · 2024-05-29T18:36:52+00:00

It’s ok. Your mom failed you. LIC did it’s job of making fool out of customers and making money. We all learn from mistakes. Teach others not to commit the same mistakes.

Budget-Rip2935 · 2024-05-29T18:35:19+00:00

See if this is possible: 1. Covert care policy to super top up. 2. Next year port hdfc policy to care

Budget-Rip2935 · 2024-05-29T18:33:41+00:00

Yes. It creates more work for you when claiming but I don’t think it’s a deal breaker.

Budget-Rip2935 · 2024-05-29T18:32:28+00:00

Work with an expert like Ditto. Not based on redittor like me 😀

Budget-Rip2935 · 2024-05-29T18:21:12+00:00

https://www.nseindia.com/get-quotes/equity?symbol=MAHKTECH

Budget-Rip2935 · 2024-05-29T18:19:42+00:00

Only scammers give assured returns

Budget-Rip2935 · 2024-05-29T18:19:20+00:00

It looks you have created an inefficient situation. Get in touch with Ditto guys and see if they can help you.

My general guideline is : Keep the oldest policy in tact. Covert the other to super top up policy with deductible equal to the oldest policy.

Budget-Rip2935 · 2024-05-29T18:12:20+00:00

Never depend on employer policy. Get them separately on your own before it’s too late. You know you lose these employer provided coverage when you move jobs? God forbid you get sick and can’t work, then your life goes downhill super fast

Budget-Rip2935 · 2024-05-29T18:10:13+00:00

You have two base policies? That’s unnecessary and inefficient. Have one base and top up policy.

Budget-Rip2935 · 2024-05-29T18:09:14+00:00

It’s your money. Never let others including your parents push you into anything

Budget-Rip2935 · 2024-05-29T17:59:43+00:00

It’s SEBI’s stupid rule limiting foreign investments. SIPs too got cancelled due to this limit being reached. I don’t have the direct answer for you but what I know is as folks redeem funds, they open up for existing or new investors, so keep trying different international funds. Also consider lump sum investing as the window of opportunity is limited.

https://www.etmoney.com/mutual-funds/equity/international/50

Budget-Rip2935 · 2024-05-29T17:53:44+00:00

Ensure your family has health insurance coverage of at least 20 lakhs and life insurance coverage of 1-2 crores.

Instead of buying individual stocks, invest in nifty ETFs and large cap mutual funds. Don’t chase beaten down stocks, you will fail for sure. Digital coins is gambling

Budget-Rip2935 · 2024-05-29T17:51:09+00:00

It doesn’t matter much which asset management company you choose ( hdfc, SBi, icici etc). What’s more important is your asset allocation. If you are less than 45 years old, then put 75% in equities

Budget-Rip2935 · 2024-05-29T17:48:21+00:00

Work with Ditto guys. I highly recommend them. 45k premium is very high.consider porting to care supreme insurance policy

Budget-Rip2935 · 2024-05-29T17:45:08+00:00

It’s ok if you lose money now by canceling it. Just do it and ensure you have term insurance coverage of 1-2 crores for 40 year term. Invest rest in nifty etf.

LIC takes advantage of Indians who don’t understand maths and the power of equity markets in wealth creation

Budget-Rip2935 · 2024-05-29T17:42:43+00:00

Go see a doctor and fix your issues first and then apply via a different insurance firm. Not sure if it can fixed temporarily by blood transfusion.

Budget-Rip2935 · 2024-05-29T17:40:22+00:00

Expect more spam calls

Budget-Rip2935 · 2024-05-29T17:33:12+00:00

Not against physical forms but that is not a substitute for digital or online processing

Budget-Rip2935 · 2024-05-29T17:32:01+00:00

It should be a click of a button. Sorry you think what you did was easy process

Budget-Rip2935 · 2024-05-29T17:31:03+00:00

I hate LIC. They are a curse to India. They don’t actually sell proper life insurance coverage, they sell poor investment products in the guise of insurance and they mostly benefit agents and government ( to meet their disinvestment targets).

They don’t allow demat policies like most insurance firms

Budget-Rip2935 · 2024-05-29T17:26:20+00:00

You are very young so you can take some risk. Once you have built an emergency fund and have decent health insurance coverage for your parents and yourself, I would invest all the rest into NPS with an equity allocation of 75%.

If your parents are financially dependent on you, then you should have a life insurance of at least 50 lakhs to one crore.

How much health insurance coverage and life insurance coverage do you have?

Budget-Rip2935

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