PaisaExpo Fintech

  1. Is COVID19 expense covered in my insurance?

    Is COVID19 expense covered in my insurance?


    Health insurance policies cover all kinds of respiratory diseases, therefore they also cover corona virus, provided the affected person doesn't have COVID-19 at the time of purchasing the policy.

    The Insurance cover products will include all the basic coverage as well. Hence, all covers such as in-patient treatment, pre-hospitalisation, post-hospitalisation and ambulance cover provided in particular health policy offers will also be available for corona virus as well.

    Generally, diagnostic expenses are not covered by health policies. However, diagnostic expenses would be covered under pre-hospitalisation extension if in case the patient is tested positive and hospitalised. According to experts, in case, the policy covers OPD (outpatient department) expenses, then the cost of diagnostics will be covered based on the policy terms.

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  2. Major nuances of insurance every investor should know?

    Major nuances of insurance every investor should know?


    Although knowing life insurance policies can sound difficult, it's important to know your policy and coverage inside and outside to make sure you have sufficient coverage for both you and your families. For certain individuals, traditional life insurance policies are the most realistic alternatives under which, in the case of the death of the policyholder, the candidate retains the entire value of the policy insured, either in a lump sum or in the form of monthly instalments, as determined by the policyholder. In term contracts, there is no additional longevity value in the program, which means that no incentives will be available in the event that the policyholder completes the entire period of the policy. Although term benefits protect the assets in the case of an untimely default, there are other classifications that are not protected by term insurance-death benefit payments.


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  3. Why is financial planning so essential for a life?

    Why is financial planning so essential for a life?


    Planning is one of the most important characteristics of human beings. When it comes to finances, preparation needs to be practical, because there are enough factors that may impact the financial preparation. As Allen Lakein says, 'The failure to prepare is planning to fail.' Fulfilment of future needs and enhancement of living conditions relies on the preparations you are making now. So, what's your future plan? Are you considering the considerations that could rock your financial plans? Read 5 main reasons why you need better financial preparation tomorrow.

    Inflation: Inflation is considered the greatest enemy of buying power. In the Indian context, if measured with the objective estimates, the price of Rs. 100 in 1979 is Rs. 5.55 this year as of (September 2015) and would go further down. That is a fall in the value of the currency. That is because demand

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  4. Why should we avoid offering a 3-month moratorium?

    Why should we avoid offering a 3-month moratorium?


    RBI has proposed a number of steps to alleviate liquidity and offer relief to lenders and their borrowers. It also declared a three-month freeze on the payment of payments on all term loans, such as home loans, auto loans, school loans, consumer durable loans, and personal loans due between 1 March and 1 March. May 31st, 2020. Often, credit card payments are part of the calculation. Most lenders, though, must have paid the EMIs for the month of March, because they are immediately debited from the bank account.

    The moratorium extends to all term loans and working capital loans for all forms of lenders — commercial banks, including rural national banks, small finance banks, and state banks, co-operative banks, microfinance organizations and non-banking finance companies (NBFCs), including housing finance companies (HFCs). That is not a concession, but just a change in payment s

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  5. Why weddings are so important for the Indian Economy?

    Why weddings are so important for the Indian Economy?


    While weddings can be costly in any region, they are especially important in India as symbols of strength and prestige. For many cultures, especially India, marriages are more than simply a union of two persons. A wedding marks the coming together between two families, lineages, and at times, bigger groups like whole villages or communities. Marriages are a significant rite (of) passage that signifies a person and their family's status.

    To push one's financial limits at a wedding can, of course, be seen as an attempt to achieve a higher social status and respect within the wider community.

    Matrimonial business appears to be recession-proof and is estimated to be worth $40 billion per year, growing at around 20% per year. Indians see it as an indicator of social status, so don't spare any expense.


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  6. Why loan is sometimes necessary?

    Why loan is sometimes necessary?


    For a variety of circumstances, personal loans can be a viable option. First, let’s define a personal loan. Some loans are earmarked for a specific purchase. You can buy a home with a mortgage loan, you purchase a car with an auto loan and with a student loan, and you pay for college.

    Whereas, a personal loan can be utilized for everything. Some lenders may question you as to what you will do with the money they lend you, but as long as you’ve borrowed it for a responsible and legal reason, you can utilise the money for any purpose.

    Below are five circumstances in which a personal loan might be a good idea.

    • Consolidate Credit Cards

    If you have one or more credit cards charged to the max, you can

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