Monthly Archives: October 2017

Maternity Insurance: All You Need To Know

The joys of becoming parents for the first time cannot be put into words. It’s an altogether a different feeling. But with the excitement comes a whole new set of responsibilities – you are going to have another being to take care of. One of the ways to be financially prepared for the birth of a new child is to have a maternity insurance cover.

Maternity cover is an essential insurance product to have, given that the healthcare costsare shooting up fast. It protects you from the rising costs associated with childbirth by taking care of all your pregnancy-related expenses.

Maternity coverage is offered as an add-on to health insurance policies.

What does maternity insurance cover?

‘Hospitalization expenses for the delivery of the baby (normal or caesarean)

‘Pre hospitalization expenses are covered for up to a month and post hospitalization expenses are covered for up to two months.

‘Healthcare costs of the new-born baby are covered for a specific period of time. In the event your child requires medical attention, the insurance company will pay for treatment costs.

‘Ambulance charges to take the expecting mother to the hospital.

What is not covered?

‘Visit to the doctor for regular check-ups.

‘Termination of pregnancy within first 12 weeks of conception.

‘Maximum age of policyholder availing benefit of maternity insurance is generally capped at 45 years.

‘Money spent on vitamins and tonics (unless mentioned in the policy).

Waiting period

When you buy a maternity plan, the coverage is not going to be extended to you right away. Maternity benefits can usually be availed for a period of two to four years from the date of the policy purchase. The waiting period in case of group health insurance plans is usually around nine months. Make sure to enquire of your insurer the waiting period involved in case of group covers extended by your organization.

It is advisable to consider buying health insurance policies with maternity coverage an add-on as soon as one gets married. This way you ensure that the waiting period gets over by the time you require the pay-out. You will receive the policy benefits when you are actually in need of financial assistance.


Premiums charged for medical insurance plans that have maternity coverage as add-ons are a little bit on the expensive side. Insurance companies consider maternity cover a high-risk product. The reason for this is because the claim ratio generally goes up to 100%.
If you plan on including maternity cover to your current health plan, do it so early. Your age also plays a role in determining how much you pay in premiums. The longer you wait, the more you pay in premium costs

The Professional Disability Insurance

How does it feel when a person is employed, is working and all is going well? They might be tempted to think that they will remain in such states for a very long time. The most important thing an individual should begin by appreciating is that the events of the next day, next hour or even next minute are uncertain. This is why a person should make sure that they have taken necessary precautions so that they can continue enjoy living on this earth.

It takes a few minutes to contract an impairment. To make the matters worse, there are some impairments which might make one unable to continue working. For instance, think about a news reporter who gets involved in an accident and ends up losing all their legs. Probably they will no longer be able to attend events and report as they used to do before the occurrence took place. This stretches to other several professions and therefore taking precautionary measures is what an individual should plan for. Some of the reasons as to why taking Own Occupation Disability Insurance policies remains benevolent to an individual include the following:

Ensures financial security

Every human being who is employed today has dependents. They also depend on what they earn for their daily upkeep. It might not be easy for such a person to survive and continue supporting the people they were supporting after an impairment given that they will no longer be employed. An individual who had taken a Professional Disability Insurance is assured of a happy living because they will be compensated.

There are some companies which pay up to 75 percent of what an individual used to earn. Even though an individual will be receiving less than what they used to earn, the most important thing here is that they have something to survive on. It can be frustrating for an individual who has no money, no employment and cannot work but has bills to settle.

Allows one time to transit to another profession

There are various types of professions across the world. Once an individual becomes disabled such that they cannot continue performing their work well, they should think about changing their profession. For instance in the case of a reporter, they can become an editor.

In most cases some training will be necessary to allow these people take up new roles. The compensation they receive will help them to go for such training activities. An individual who has nothing might not be able to change their profession because they lack moral and financial support.

Grants one mental solace

Think about someone who is bedridden because of an accident. This person has no food, no money and they have exhausted their savings. Such a person will have to survive at the mercy of friends, relatives and other well-wishers. At some point they might be taken as a luggage to those taking care of them.

When a person mentally surveys all these conditions and realize that it was not their mistake, they might contract mental frustration. The only way such a person will be healed is by getting an assurance that they have support. There is no need of waiting for an assurance that might never come. One has to go for Professional Own Specialty Disability Insurance and all shall be well with them

The Options To Transferring Money Overseas

To transfer money overseasonline is one of the best ways to transfer your money. However, there are other options like bank to bank transfers, FX, etc. All of these options give different options in terms of service charge, speed of transfer and other value added services. We will be covering the top 5 options to transfer money overseas online. Let’s have a look at them.

Online Payment services: This is one of the most convenient option to transfer money overseas online as you can do it from your own desktop at home in only a couple of minutes. If you use an online payment service such as Paypal, there is no need to worry about the extra hidden charges as there are none. Only the exchange rates and the initial fee is charged. Paypal makes it easy to transfer money overseas online in 190 countries in 20 different currencies. All that is needed is the recipient email address or mobile number. It is usually used for small sums and when both parties have a Paypal account. However, in order to transfer your money from paypal to bank account still takes 5-7 days.

Money transfer operators: Money Transfer Operators are private companies that specialize in quickly transferring money from one location to another internationally or locally for their clients. It is ideal if the transfer of money needs to be done quickly. These usually offer both online and offline services at their ground locations. Transferring money abroad with these services can be performed both online and offline and hence, if the recipient does not have a Paypal account, it is really helpful. Few of the money transfer service providers are Western Union, Instarem and MoneyGram.

International bank wire transfers: If you need to transfer money overseas online, another option to go for is a bank wire. This can be done online or offline. A bank wire is basically an electronic money transfer from one bank to another. To send a wire transfer,details such as the recipient’s full name, branch number and bank account number are required. You have to fill a form in order to do it regardless of whether you go for an online or offline transfer method.

Money orders: Sometimes a money order can be a handy method of transferring money overseas online. A money order is a pre-set amount of money already paid at a bank or post office. Money orders can also be done online. However, companies are hesitant in providing online money order services. It is recommended that money orders are done in person at a bank or a post office.When you send a money order, you pay in advance and the funds are guaranteed to reach the recipient.

Buy Car Insurance

People who drive cars occasionally or as and when they need, can buy car insurance for a week to drive legally on road. The premiums offered for such policies are reasonably low and coverage levels are adequate. The rush for such short term covers are growing day by day & increasing competition among insurers enables getting some amazing deals. Therefore, if you are looking for car coverage of this type, it could be your best chance to secure a solution that easily fits your needs and budget. You can go online and explore your options by taking advantage of cost-free specialist services.

Buying car insurance for one week could be a viable proposition if you are non-owner car driver or get cars on lease frequently to go out for work. Besides, you may also need to get or borrow a car if you are planning to shift to a new residence and you want to move your belongings. Many drivers get cars on lease and rental car owners may not have sufficient coverage to include client drivers. Such category of individuals can purchase car cover for a week’s time for whatever purpose they might want to hire a vehicle. But as it is a temporary coverage, discounts may not be available.

However, lower premium on car insurance for 1 week can be secured if you have a good past driving record and credit history. Most of the insurers will consider these two vital factors for calculating premium. And the key for dinging the lowest and best premium rate is comparison shopping. By getting and comparing multiple free non-binding quotes from several different insurers, you could be able to identify the right type of insurer for your specific situation. Nevertheless, the task may be rigorous as well as time consuming and so, it is advisable to seek help from a certified local agent.

Hence, the moment you think, Can you get car insurance for a week it could be better if you consult a certified and experienced agent in your neighborhood. There are websites that can help you in fixing free appointments with competent agents or broker services for free. You can use the services offered by these online sites and get enabled to make an informed decision on your auto insurance purchase. Such a prerogative may also help you in saving time and money during your effort. But you need to make sure that you have found a reliable and reputed website to work with.

This is the best way to get your car protected for a shorter period. A weekly auto insurance offers you benefits of making a plan or a short vacation for a week or 7 days. So, for those seven days, your car will be safe and secure because of this auto insurance policy. There are many insurers who provide such kinds of insurance coverage. You just need to find online to get the best possible rates for your policy. You can compare online and choose the best deal according to your needs.