We do a lot of great things to show our families and loved ones how much we appreciate and love them, from planning great family vacations to taking our significant other out for a romantic night. All these gestures show our love, but there is one thing that you can do to cement that love into the future, even after you are gone, and that is to buy life insurance. At the LIFE Foundation, we’re celebrating those who’ve taken that extra step and gotten life insurance coverage, with our online Insure Your Love Mosaic. More than a thousand people have already uploaded photos to the mosaic of those they’ve protected. It’s so interesting to see how each story is different, yet at its essence the same: taking good care of the ones you love. Take a Read more…
Six ways the health care industry could save dollars
To hear proponents and opponents of the nation’s new health care reform law, the Affordable Care Act will either make the United States the utopia of medical care or give Americans medicine the equivalent of a third-world country. Likely, it won’t do either. Instead, availability and cost levels might improve while quality could decline. This realization is dawning on some medical experts who are beginning to focus on wasteful spending and practices as the most immediate way to cut into rising health care costs.
In a report appearing in the current issue of the Journal the American Medical Association, Dr. Donald Berwick, a former administrator of the Centers for Medicare and Medicaid Services and Dr. And
India’s health insurance market to see robust growth by 2016: report
India’s health insurance market is expected to see robust growth over the next four years, according to a new report from UK based research firm BRICdata.
The reports lists robust economic growth, changing demographic patterns such as the rise in double-income no kids families, increased FDI limits and the expansion of distribution channels as the factors that will support health insurance growth in the country.
The report found that of the overall healthcare expenditure in India, only 26% comes from the local, state and central government authorities, while nearly 71% is paid by the patient’s family.
Insurance accounts for just 3% of overall healthcare expenditure in India, indicating a substantial opportunity for the health insurance sector.
The health insurance market is dominated by public-sector companies, while the private sector has made gradual progress in the sector.
In 2011, the India’s health insurance market accounted for only 3.2% of the overall insurance industry.
The driving factors for the health insurance sector are rising healthcare expenditure, increasing disposable income and the rise in population with affluent lifestyles.
During the review period 2007-2011, the penetration of Indian health insurance products increased from 0.07% in 2007 to 0.19% in 2011, as many new policies were sold in rural India.
The top six private health insurance companies increased their cumulative market share from 17.2% to 29.1% during the review period.The report concludes that one of the key challenges for the health insurance market is the low coverage of plans in terms of both the diseases and the hospitals covered.
The full report ‘Business and Investment Opportunity in the Indian Health Insurance Industry: Analyses and Forecasts to 2016′ is available from BRICdata.
Lost Wallet Abroad: What Do You Do?
Losing your wallet when you’re abroad on vacation or business is really annoying. Losing your wallet at home is stressful, but overseas it’s ten times more work to sort it all out. Read the following checklist of what to do if your wallet is lost or stolen. When you have travel insurance you can claim for any money lost, and also use your travel insurance to cover you for the cost of replacing anything else you lose.
Firstly, cancel your credit and debit cards. Do this immediately. The issuer will check that the last transactions were yours, and you can discuss with them how to get a new card sent out to you.
Next, contact the police. The
Providing for your funeral expenses will be your final gift to your loved ones
Funeral Expense Insurance for seniors comes at different prices, depending on many factors. The state of your living, the kind of coverage you opted for, the level of coverage you require and your risk level are some of the factors that decide the cost of funeral insurance. Risk level means generally the time of your death ie if you are likely to die soon or after some time. Though no one can predict a person’s death, the insurance companies have to base their rules on parameters assumed. Shopping around internet and in reputed insurance firms is the best way to find out the various premiums and coverage offered.
Funeral expenses are the guaranteed insurance you can get to meet the cost of your funeral. W Read more…