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According to preliminary sigma estimates from Swiss Re, total economic losses from natural and man-made catastrophes in 2018 declined to USD $155 billion from USD $350 billion in 2017.
In case you plan to take your family member outside the country for treatment, you may need to think twice as your health insurance policy may not cover the cost of treatment incurred outside the country.
People with longer commitment and goal-oriented savings will opt for Ulips, while guaranteed products will be sought by those who want peace of mind, Sumit Rai, MD and CEO, Edelweiss Tokio Life Insurance tells ET Wealth.
I am 34 years old and have an accident insurance cover of Rs 57 lakh, provided by my employer. I am planning to buy a separate personal accident insurance policy with a cover of Rs 25 lakh. Is it advisable?
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