Monthly Archives: March 2014

Can back dating be the right practice for buying insurance?

The back dating in insurance is the common practice and there is nothing wrong in doing so. The insurance companies offer this service to its client as the legal offering and may also benefit the policy holders to some extent. The back dating is possible with insurance and may be the great advantage if it was also available in other investment markets. Though, it sounds really good, this is not practically possible. The insurance companies have come up with many plans that allow the policy buyer to get the insurance policy of any date in the current financial year. This

IDFC and India Post will soon be in the banking sector

The Indian banking sector will soon see two new entrants in the banking sector as Central Bank will soon clear the banking licenses for IDFC and India Post. The said organisations will soon extend their services in banking as they have already been successful in procuring the license from RBI for the same. The report regarding the eligibility of these two organisations for coming up with banking services has already been prepared by the committee that was chaired by the former RBI governor and the same has been submitted to the Central Bank for further scrutiny and processing. The report

Your medical insurance may soon cover outpatient expenses

Now you can go to your medical practitioner for outpatient treatment and may be you get the expenses paid up by the health insurance provider as per the new insurance policy which may soon come into existence. This OPD cover will be offered by the public sector general insurance companies along with the private sector general insurance companies. The cover may be extended worldwide and the policy holder can put up a claim even while travelling overseas. The medical insurance till date has covered the policy holders against the expenses incurring from hospitalisation, surgeries and critical illnesses. The outpatient expenses