If you have ever tried buying a life insurance policy online, it is likely that the insurance company’s website will prompt and ask if you would like to buy an additional health plan too. The health insurance market, which till some years back was exclusively the domain of general insurance companies, has now been invaded by the life insurance providers with each one of them having at least two or three medical insurance policies in their product suite, along with the term, ULIP and retirement plans. How do the mediclaim policies offered by Life insurers differ from those offered by mediclaim companies ?
Last year, SEBI introduced the “no-frills” demat a/c, also known as BSDA-Basic services demat account. This was a result of the concerns and suggestions by the small time investors who had been paying a high annual service charge on their demat a/c even though they rarely traded and had opened a demat a/c with the purpose of investing in some of the good initial public offers. Let us understand the features, benefits over and above the normal demat a/c and the eligibility criteria.