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Showing posts from July, 2023

SIGNIFICANCE OF AN EFFECTIVE INVESTMENT PLANNING

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  Introduction Investments play a crucial role in securing your financial future. Investments help you achieve all your life goals by earning inflation-beating returns. However, you'll need a plan if you want to invest. An investment plan is a strategy that will direct your decision-making and assist you in achieving all of your financial objectives. An effective investment plan serves as a tool to design an effective roadmap toward achieving financial freedom. What is Investment Planning? The process of identifying your financial goals and developing a strategy to achieve them is known as investment planning. Investment planning is the foundation of financial planning. Investment planning begins with determining goals and objectives. Then, we must strike a balance between those goals and the available financial resources. Investment planning entails regular monitoring of the investments in addition to the actual investment with reference to the future goals. Today, there are...

ARE YOU WORRIED ABOUT PRE-EXISTING DISEASES WHILE BUYING HEALTH INSURANCE?

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  Introduction Ailments that the insured had prior to purchasing health insurance are known as pre-existing conditions. According to IRDAI, a condition is considered pre-existing if the insured person received a diagnosis of it up to 48 months before obtaining the insurance. All chronic disorders, such as diabetes, asthma, high blood pressure, thyroid disease, and more, are regarded as pre-existing ailments. Pre-existing diseases in a health insurance plan: There is a pre-existing condition clause in every health insurance policy. For those who have pre-existing diseases, buying health insurance may be difficult. Prior to learning about the limitations on coverage for pre-existing conditions, determine what a pre-existing health condition actually implies. Pre-existing diseases waiting: In the context of health insurance, the waiting period refers to the period of time before which the insured person is not eligible to receive benefits under the policy for the listed dise...