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Planning For The Best Medical Attention


wealthymattersHumans have not yet found the way to ensure immortality, but the advancements of modern medicine are such that , much of our life expectancy , and the quality of curative and palliative care we receive ,and ultimately our quality of life depends on what medical care we can afford and negotiate to receive.

Here’s how I’d recommend you go about putting in place the system to ensure that you get the best medical care of your choice. So that you are not constrained for lack of money or forced by insurers to pursue treatments that insurers rather than you would prefer.

First take an inventory of your own body, medical history, personal habits, lifestyle and environment to check if you are predisposing yourself to certain diseases. Then take an inventory of the diseases that other members of your family are having to live with or that they have finally succumbed to. These and related diseases are those you yourself are most likely to have to deal with. Read more of this post

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Why Does An Online Term Insurance Plan Premium Differ Between Companies?


wealthymattersWith an ever increasing awareness about term insurance policies, there is a lot for a person to choose and gain from.Insurance companies are  making it much easier for people to purchase term policies. One such initiative is online term insurance that allows you to seek life cover from the comfort of home, a fuss free way to buy insurance!

Statistically, one online term plan is bought every five minutes in India. The number of customers buying online term policies have risen from 500 to 15000 per month. However, there is still great concern among buyers as to why the premium of online term insurance plans  differ from one company to another. Here are the reasons: Read more of this post

How To Compare Family Health Insurance Plans


wealthymattersIf you’re thinking about taking a family health insurance plan, there are a lot of things you need to consider before buying the right plan for your family. You have the option to choose from a variety of policies but if this is your first time buying an insurance policy, you’re probably not quite sure which one actually suits your needs.

Here’s an entire glossary on health insurance plans that will surely enlighten you on the nuances of procuring the perfect health insurance for your family.

Types of Health Insurance Plans

There are plenty of health insurance plans available in India to help you in times of medical emergencies. You should specifically focus on coverage, premiums, returns and a bunch of other stuff to make the right pick.
Here are the 6 health insurance policies readily available in the Indian insurance policy market: Read more of this post

The World’s Biggest Life Insurance Policy


wealthymatters

Guinness World Records has announced the World’s Biggest Life Insurance Policy ever issued.

However,neither the record keeper nor the issuer would say who is covered by the massive policy.Dovi Frances, the adviser who arranged the policy, would only say it went to a well-known technology billionaire from California.

The wealthiest of the wealthy often buy life insurance for several reasons.Primary among them are tax purposes.In many countries,a wealthy estate is often hit with a hefty tax bill, and there may not be enough cash to cover it, since many millionaires and billionaires hold their wealth in investments.

This $201 million policy overtakes the previous record of $100 million.It is more complicated than most. It’s underwritten by 19 different insurance companies, each with a slice of less than $20 million. If a single company took the risk of the whole policy they would go into bankruptcy if a claim were to be made.

The yearly premium is in the low single-digit millions.

Pre-Sales And Soft Launches


wealthymattersPre-sales and soft launches are now a common practice in the real estate industry in The MMR. Builders go for pre-sales to get immediate funds. In case of pre-sales, buyers or investors make a down payment, which could be just 20% to almost half the cost of the flat, in return for a discounted price offered by the developer.In some cases,by getting people to book flats by paying just 10% to 20% before the first brick is laid, developers have manage to sell 200 to 300 flats even before the project is publicly announced.

Many builders go for pre-sales the moment they buy the land and mortgage it to the bank. The BMC now charges builders who want to avail of extra construction rights, called fungible FSI, and transfer of development rights, a premium. Builders require funds to pay  this premium.Hence they start selling units even before a project begins. The  approvals can take over a year after pre-sales.

However many unscrupulous builders have gone for pre-sales when even land titles are not clear.The problem is rampant in Thane district. Read more of this post

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