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Amongst all the other health insurances, cancer insurance is becoming more and popular day by day. This is because the rate of the diagnosis of cancer is increasing worldwide so speedily and the cost of the treatment of this disease sometimes exceeds our capacity. Now before going further, you must know what cancer insurance is first. This specialized policy provides a limited coverage when you are diagnosed with cancer. This supplemental insurance policy reduces the cost related to the treatments and diagnosis which includes radiation, hospitalization, surgery, chemotherapy, blood transfusions, nursing care and the medicines prescribed by the doctors. The total of the assured amount depends on which stage of cancer you are being diagnosed a- major, minor or critical. Here are reasons why you should invest in this policy:-

• Cancer Runs in the History of The Family:-The cost of the treatment of cancer is tremendously increasing with the increased number of cancer patients today. If you have a family history of cancer, then the chance of you being diagnosed with cancer at some point in your life is very high. In this case, choosing a cancer insurance policy can actually help you in the future.

• Not Enough Financial Backup: In the case of medical emergencies, financial affluence can make a huge difference. Deadly diseases like cancer can leave you without a single penny. If you have a cancer insurance policy then it works as a backup and covers the costs of the treatment and makes you financially stable during hard times so that you can bear the medical expenses further. You do not need to worry about any sudden financial crisis as your chosen cancer insurance policy will surely have a pay-out option where you will be paid a lump sum amount if you are diagnosed with cancer. You can spend this money in any form you wish- to spend on travel expenses if you have to travel to some other place for the treatment or to pay the everyday hospital bills.

• Can be used as a Supplementary to the current policy:-The premium of a cancer policy is lesser than the traditional health insurance policies. You must go for a comprehensive health insurance policy which is budget friendly and meets every need if you have a family history which indicates even the faintest chance of you, developing cancer. If you do not have any kind of health insurance yet and you have that little risk of being diagnosed with cancer, then based upon your financial capacity, you should go for this cancer insurance plan. Don’t think that in every case, having both comprehensive health insurance and a cancer insurance policy will provide you double coverage of non-cancerous diseases and cancer. There is a ‘co-ordination of benefits’ cause complementing with other health insurance plans, as mentioned in the cancer insurance plan. According to this clause, the benefits of the other health insurance plans are not provided. So if you are going only for a cancer policy then you must go through the exclusions and inclusions of the policy first.

The money market will provide you with investment instruments like ULIPs that come with a fair combination of investment and life coverage at once. The premium that you pay for ULIPs are segregated into 2 parts; one portion goes towards investment instruments present in the money market, while the other one goes towards meeting your risk coverage on life. There are a few inherent benefits attached to ULIPs.

5 key advantages of ULIPs over all conventional life insurance policies:

Identify the right blend of investment

Picking the market entities in the right blend often depends on your investment risk appetite. For those of you that are low-risk takers, investing in debt funds is a good ploy. Likewise the moderate risk-takers can invest in balanced funds, while the high-risk bearers can think of equity funds. Balanced funds are a good option lying between equity funds and debt funds. You’ll be able to switch funds once you gain considerable market outlook.

Investment Flexibility

With an ULIP, you’ll gain the right to invest your entire premium value besides gaining opportunities to allocate additional amounts on the policy. Other investment plans don’t yield so much of flexibility. Depending on your risk appetite and your financial profile, you may choose between these two investment strategies:

Life-Stage Strategy: The years remaining towards your policy maturity and your age help in asset allocation.

Self-Managed Strategy: Your fund choice helps in allocating your money. This option safeguards the financial future of your child even when you aren’t there.

Long term investment

ULIPs prove to be a great option for fulfilling long-term investment goals e.g. launching a start-up, buying your new car, and buying a property. ULIPs are designed to yield more returns and that too for a longer duration; they owe this power to their compounding nature. Even if you decide on quitting the ULIP policies after a period of 5 years, you’ll be amazed to see how much more you’ve saved than what you’d see with other investment options. Your money will grow with a much greater momentum and for a longer duration than how you usually see it grow in your savings bank or with your fixed deposits. All you need to do is to determine the amount of investment with the help of an online premium calculator.

Life coverage

Life insurance companies are only known to offer ULIPs in the form of a product. Besides yielding financial protection, ULIPs are known to fulfill your investment needs. Compared to a term plan, the life cover attached to ULIPs may be smaller but they do come with life cover. When it comes to fulfilling your financial goals in the long run, ULIPs constitute a strong investment opportunity. Prior to investing in ULIPs, you must check out the performance of all individual funds in great details. This is likely to provide more insight into investment options with quality returns.

Tax Rebates

Tax benefits aren’t always attached to investment option that you come across in the market. ULIPs come with a combination of tax benefits and life coverage. Under section 80C of the Income Tax Act, you’ll be entitled to receive tax rebates on all paid up premiums. Likewise, all of the payouts that you receive are entitled to tax exemption under section 10D. Besides seeing your money grow, you’ll be happy with how much you’ll save in the end.

With so many startup companies, the competition is fierce. It doesn’t matter what field you’re in. It’s likely that there are many other entrepreneurs in your niche. The trick is finding a way to make your company stand out above the rest. For some companies, that means working with a startup accelerator.

What is it?

A startup accelerator is an experience that supports the growth of an early company. To accomplish this growth, they provide education, mentoring, and financing. They give you a way to build your company from the ground up. The accelerator only lasts for a certain amount of time; it’s a rapid growth process. While the time period might be short, you can see a great deal of growth in the process. In only a few months, you can see the same growth that you would expect in years of hard work.

Start-up accelerators work for almost any type of industry you can imagine. For example, new insurance companies can benefit from Insurance accelerators. An insurance accelerator would specifically focus on growing a start-up insurance company. Meanwhile, a new clothing brand could find an appropriate accelerator to give them intense growth. There’s something for every company.

What makes them so special?

There are many different ways to cultivate a start-up. However, an accelerator is particularly effective. There are a few reasons for this. For one, there’s the fixed time frame. Instead of having an open-ended agreement with no true end date, you have a set time frame. It’s easier to analyze your results and predict your company’s future when you have strict time frame. You get results, and you get them before your time is up.

There’s also the fact that an accelerator uses mentorship to get results. Unlike crowd-funding campaigns and other types of investors, accelerators give you advice. While that advice helps your company in the present, it also helps your company in the future. You can learn invaluable business skills through mentorship. Additionally, you can gain insight into your industry and use that insight for years to come.

Finally, accelerators are cohort-based. For years, educators have seen the benefits of an education cohort-based environment. Those same benefits translate to business education. Being part of a larger group is a great way to grow your company.

Do accelerators really work?

While the concept of accelerators is sound, it’s important to ask yourself if they really work. It seems so, considering that many entrepreneurs would be happy to relive the experience. About 90% of entrepreneurs in a survey said that they would do the accelerator program again. Similarly, 95% of them said that the accelerator was worth equity stake that they lost. The time and equity lost in an accelerator program seems well-worth the gain.

An accelerator program might not be the right option for everyone. However, it could be the right option for your company. If you’re looking for a way to gain insight and knowledge while gaining momentum in your business, an accelerator is a great option. You could see huge business growth in only a short time.

The Internet has revolutionized modern lifestyles. You may use various online facilities like booking cabs, flights, movie tickets, and grocery shopping. Several individuals also find their life partners online.

The primary reason for the increasing popularity of the Internet is its convenience. This same convenience is also available if you choose to avail of an insurance policy online. Here are five advantages of opting for insurance policies online.

1. Lower costs

When you avail of a term insurance plan online, you eliminate the need for agents and brokers. This reduces the expense for the insurance company. In addition, the entire online procedure is paperless, which further reduces the cost for the insurer. These costs savings are beneficial in reducing the premium you pay for purchasing the insurance plan.

2. Informed decisions

Online platforms allow you to compare different types of life insurance policies offered by various insurers. You may compare the terms and conditions, premium amount, and other features of the policies. Furthermore, you may refer to the reviews and comments given by past users. This allows you to make an informed decision while acquiring insurance coverage.

3. Automated services

An online platform not only expedites the process but also enables efficient and quick servicing. You may easily download product brochures, procure estimates from various insurance companies, pay the renewal premiums, and track your payments online. This ensures you do not have to depend on anybody and the entire procedure is quick and hassle-free.

4. Efficient online assistance

Most insurance companies offer live chat assistance to help you understand more about the different policies. You may also call their helpline numbers to resolve your queries and clarify all your doubts. Once you have made your decision, you may either choose to complete the procedure online or request a meeting. The insurance company will send a representative to help you complete the procedure.

5. Customization

These days, several insurance companies offer customized products to suit the distinct requirements of individual buyers. When you opt to apply for a term plan online, you may compare different offerings and choose the plan that suits your preferences. You may also pay the premium online on a monthly, quarterly, bi-annually, or an annual basis as per your financial situation.

Availing of an insurance policy online is a cost-efficient and quick option. Insurance companies understand the benefits of this distribution channel and offer special products covering different types of insurance policies. By opting for the online platform, you may avail of the best term insurance plan in India from the comfort of your home or office.

Life is unpredictable!

Although we are all aware of this, very few people actually think about the uncertainty of life and take practical measures to protect their loved ones, in case their life unexpectedly comes to an end.

Such wise people usually buy a comprehensive insurance policy to secure their family’s financial future.

Have you decided to be among those who are always prepared for the uncertain future?

Buy a life insurance!

What to Consider Before Buying a Life Insurance?

Searching and buying the right insurance policy can become a daunting task. But, not when you know what things to consider while weighing different insurance policies at hand. To help you do that, here we are highlighting some of the key factors that need to be considered when it comes to buying a life insurance:

• Make Sure That the Company Is Reliable

The foremost thing to consider before you decide to buy insurance is the reliability of the company you are buying from. Ask around for references and always go for the company that enjoys a good reputation. You can also check the company’s social media page to read reviews. This is important because frauds by insurance companies are highly common. Often, buyers find out about the hidden terms and conditions with regard to charges and coverage after buying the insurance.

Therefore, to prevent yourself from becoming a victim of an insurance scam, make sure you do a detailed research and seek references and reviews before choosing an insurance company. The task is quite tedious, but it is worth making the effort.

• Assess Your Needs

One of the many benefits of finding a reliable company is that the insurance agent can really help you in evaluating and assessing your needs and then choosing an insurance policy accordingly, to cover all your specific needs. The process entails evaluating factors such as the number of dependants, family wealth and assets, and whether the family will be able to pay off any remaining debts and bear the cost of funeral services or not?

Your answers to all these questions will help decide what things are more important for you and how much coverage you really need. For example, for some people the most important thing is to make sure their children’s education does not get negatively affected in any scenario and they want it to be covered by the insurance policy. On the other hand, there are people who do not want their family to pay for their burial services.

• Compare Different Policies

Decide your needs based on what things are important for you. For example, if you only want to make sure that your family receives money to pay for your funeral, ask different companies for quotes for funeral insurance. But, if you want multiple factors to be covered, look for a comprehensive life insurance policy.

Also, never settle for the first company you come across. Always compare different aspects of various insurance policies to make sure you find the best or you will end up regretting it later. In addition to your needs, your financial status also plays an important role in choosing a life insurance policy.