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  New Delhi: At least once in their lifetime, every parent must have thought about what will happen to their kids if something unfortunate happens to them. The thought indeed is a scary one. But that’s how miserable life can be. That’s why many parents invest in insurance schemes to secure the future of their child/children.  And what could be a better day to have a peek at insurance products ensuring that your children continue to receive financial cushion at a time when they need it the most. Some of the insurance products even provide impressive returns at the time of maturity that can be used to fund your kid’s education or marriage.  Here are a few insurance schemes for your child’s safe future: LIC New Children’s Money Back Plan Life Insurance Corporation of India’s (LIC) New Children’s Money Back plan is a money-back insurance scheme that is non-linked to equity markets. Returns from the insurance can be used to fund a child’s education or marriage or any other needs. The nomine

If you live in Canada, you know just how dangerous driving can be. With the snow, the dangerous road conditions, and even the challenging routes, a lot of serious accidents can happen. Even though local authorities place a lot of importance on proper training and ensuring that people are driving safely, accidents still happen. Also, things like vehicle theft, vehicle damage due to natural conditions, and vehicle vandalism are realities that all vehicle owners are at risk of. Having car insurance gives you some peace of mind against these challenges. Here are a few reasons why you should get car insurance if you haven't already. 1.  Legal Requirement If you haven’t gotten insurance for your vehicle, you could run into some legal problems. Also if you have insurance but it is no longer valid and you haven’t renewed it, this is also going to be a problem. In many countries across the world and including Canada, having vehicle insurance is mandatory and required by law. Failing to comp

  People are driving again. An analysis published by Apple shows that mobility is significantly up in the US since last year, when the COVID-19 lockdown was much firmer. With the school year in full swing and many employees returning to the office, a lot of people are traveling and driving more. Though some insurance carriers reduced premiums and offered discounts during the height of the pandemic, according to the Insurance Information Institute, as the world slowly returns to normal, some experts are forecasting an auto insurance cost spike. If you're driving more, your auto insurance premium might be increasing. But there are plenty of ways to keep your money in your pocket. Here's an overview of ways to mitigate increasing insurance costs. 1. Increase your deductible  Increasing your deductible can lower your premium, meaning when you make a claim you'll increase the amount you have to pay out of pocket before your insurance plan starts to pay out. This move could cost

The increasing cases of road accidents , thefts, normal wear and tear, have pushed people to invest in motor insurance covers to safeguard their vehicles. A motor insurance policy provides protection against any loss or damage caused to the vehicle and its insured accessories as a result of natural or man-made calamities. In India, the Motor Vehicles Act of 1988 makes it mandatory to have a motor cover. Nonetheless, there are certain damage expenses that your regular motor insurance might not cover. For instance, suppose a specific part of your car needs to be changed, the final bill includes not only the cost of the spare part but also the additional labour charges for installing the item. Considering such situations, insurance companies came with a range of add-ons to give enhanced coverage for your vehicle, in addition to your base motor policy. While popular add-ons such as engine protection cover, zero depreciation, return to invoice are quite known to the people, there are other

Recently, after a motorcycle accident in which the rider lost his life, the insurance company rejected the claim because it was a 346 cc bike. Apparently, as per the policy terms and conditions, the company was not liable to pay if the bike capacity was more than 150 cc. While this could be a case of misselling where the owner was not fully informed about the policy by the agent, there are various others reasons that claims can be denied. Typically car and two-wheeler owners do not read the poli .. Ignorance about policy & add-on covers: A common reason for claim rejection and people’s grouse is that some specific damages are not covered under the policy and one needs to buy separate add-on covers for these. “For instance, engine damage or depreciation losses are not covered in the basic policy and you need separate engine protector and zero depreciation add-on covers for these,” says Tarun Mathur, CBO, Policybazaar.com. Commercial use of vehicle: If you have bought a car for pers

With a pledge to improve our health this World Heart Day , let’s look at some of the crucial tips which can healthify your heart really soon: Eating Healthy:  You must consume a wholesome and balanced diet. It is advised to eat whole foods, green leafy vegetables, and fruits. Consuming 2-3 types of fruits and vegetables every day can significantly reduce cholesterol levels and have proven to lower the risk of cancer, stroke, and other heart diseases. At the same time, you must cut down unwanted fats, junk or fried food, salt, and sugars from your diet. Exercise:  If you are just starting, you can begin with slow-paced cardio or brisk walking 20-30 minutes a day and gradually increase as you get the hang of it. Regular exercise reduces cholesterol levels, improves blood sugar regulation and cardiovascular strength. Exercise also helps in better regulation of your parasympathetic nervous system. Stop Smoking:  If you smoke, quit today. In addition to permanently harming your heart and bl