HDFC Ergo Optima Restore vs HDFC Ergo Optima Secure - which is better?
Insurance
Bipin Ramachandran

HDFC Ergo Optima Restore vs HDFC Ergo Optima Secure – which is better? 

Sometimes health insurers provide similar policies that are difficult to differentiate. It is the finer points of the policies that make the difference. An example here is HDFC Optima Restore and Optima Secure. HDFC Ergo Optima Restore is part of our Prime Health Insurance recommendations. But Optima Secure also appears extremely similar – so why does the former alone find a place in our recommendations?

In this report, therefore, we delve into the features of HDFC Optima Restore in the first section and assess how it compares to its close counterpart in the last section.

Premium article available only to subscribers.

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Critical Illness Plan Review - Tata AIG Criti -MediCare
Insurance
Pavithra Jaivant

Critical Illness plan review: Tata AIG Criti-MediCare Insurance

We at PrimeInvestor, recommend reinforcing your insurance arsenal with a critical illness cover in addition to a hospitalization plan in order to secure your finances against medical emergencies. We have covered what you should look for when shopping for a critical illness cover in our earlier article titled ‘What to look for in a critical illness health plan’. We have also shortlisted a few critical illness covers in the market based on these criteria and reviewed them in detail.
The plans we have reviewed so far are:
Activ Secure Critical Illness Plan by Aditya Birla Health Insurance,
Criti Care policy by Bajaj Alianz General Insurance,
IFFCO Tokio’s Critical Illness Benefit Policy and
Star Critical Illness Multipay Insurance Policy.
Here, we add to this list with our review of Tata AIG’s Criti-MediCare Insurance.

Premium article available only to subscribers.

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Insurance recommendation - A healthy policy that ticks the right boxes
Insurance
Bipin Ramachandran

Insurance recommendation – A healthy policy that ticks the right boxes

Often, researching for your health insurance doesn’t stop at finding a good insurer and policy. The sub plans, options, and addons under a policy warrant more research to find out the best combination for you and to help you squeeze out the most benefit from your policy. Today, we take up Bajaj Allianz Health Guard, with a wide range of sub-options that can make it better.

Premium article available only to subscribers.

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Prime Review: LIC's New Jeevan Shanti
Insurance
Bipin Ramachandran

Prime review: LIC’s New Jeevan Shanti

With the Budget plugging the tax break on guaranteed income plans from insurers, annuity plans are back in the picture as the go-to option for investors seeking guaranteed payouts after retirement. LIC has recently relaunched its popular deferred annuity plan as New Jeevan Shanti (Plan No. 858).

Let’s see how good the plan is and how it stands against competition in today’s Prime review.

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How is your insurance policy taxed?
Taxes
Pavithra Jaivant

How is your insurance policy taxed?

Some of us may be hoarse from shouting about why tax benefits should not be the reason we buy insurance. Shouting notwithstanding, tax treatment remains a key consideration when buying insurance of almost any sort and this is what we look at in this article.
There are two points in time when the tax aspect will have to be kept in mind:
First at the time of premium payment
Second, at the time of a payout in the form of a claim being met or maturity benefits being paid out.

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LIC’s New Pension Plus - can it replace NPS?
Insurance
Bipin Ramachandran

LIC’s New Pension Plus – can it replace NPS?

In September 2022, LIC launched a new pension product. LIC’s New Pension Plus – LIC’s NPP(plan number: 867) with features similar to NPS. In the case of NPS, the default retirement age is 60. But in the case of LIC’s NPP, you can choose the policy maturity age and this can be as early as 35. So, does the LIC’s NPP score over NPS? Let’s find out!

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Critical Illness plan review: Star Critical Illness Multipay Insurance Policy
Insurance
Pavithra Jaivant

Critical Illness plan review: Star Critical Illness Multipay Insurance Policy

To secure your finances against health emergencies, Primeinvestor recommends combing a hospitalization plan with a critical illness cover. Our earlier article has discussed ‘What to look for in a critical illness health plan’ in detail. We subsequently shortlisted a few critical illness covers, from which we reviewed Activ Secure Critical Illness Plan by Aditya Birla Health Insurance, Criti Care policy by Bajaj Alianz General Insurance and IFFCO Tokio’s Critical Illness Benefit Policy. Here, we review the Star Critical Illness Multipay Insurance Policy. We think this plan has a good structure without being over-complicated.

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How to use the free look period
Insurance
Pavithra Jaivant

How to use the free look period

If one acts quickly, a bad or unsuitable insurance purchase can be reversed. Here, we tell you about how you can use the free look period in life and health insurance policies to your benefit.

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Prime review: LIC’s Dhan Sanchay
Insurance
Bipin Ramachandran

Prime review: LIC’s Dhan Sanchay

LIC’s Dhan Sanchay offers a guaranteed income or a guaranteed lumpsum benefit, in return for either single or regular premium payments. It also provides life cover. This is a non-linked, non -participating, individual savings plan. This effectively means that the returns from this plan are not linked to the market or LIC’s own performance.

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A health insurance policy for the cost-conscious buyer
Insurance
Bipin Ramachandran

A health insurance policy for the cost-conscious buyer

When it comes to health insurance, PSU insurers may not offer the friendliest products, but they certainly score on claims settlement and affordability. Here, we review an affordable policy from a PSU insurer with a good claim settlement record.

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