Buying health insurance is an essential item in a personal finance to-do list. If you have already bought one then you are supposed to renew it every year. Over a period of time, the quantum of health insurance required goes up, and so does the premium payable. Rising health insurance premium rates further inflate the bill. That makes many look for larger cover at relatively less price. Some end up buying super top-up policies. Of late, many insurance companies are offering restoration benefit that makes many believe that their existing covers are enough to take care of large hospitalisation expenses.Insurance industry officials tell us that these days some first time insurance-buyers typically want to buy policies with restoration benefit and want to settle for a sum-assured they otherwise would have thought inadequate. At the time of renewal, these insurance buyers may end up opting for the renewal of their base health insurance plan and not renew their super top-up insurance plan as … [Read more...] about Restoration benefit: Should you dump your super top-up policies?
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Most non-life insurance policies−be it health, personal accident, auto or home−are contracts renewable yearly. Barring a few two- and three-year covers introduced by non-life insurers, most policy holders receive yearly renewal notices for the payment of their premiums to retain their insurance covers. With the advent of technology, it has become a hassle-free act in most cases. All you need to do is to read the text message from your insurer, click on the link given in it, tick the accept term and conditions box and make the payment online. Within a minute or two, the policy document hits your email inbox.Review your renewal notice It is a sacrosanct document, most experts say. It is the base of the contract you are entering into. Do check your name and other details. Check what you are insuring. For example, if you are renewing a personal accident insurance cover, do check the coverage offered for each event−accidental death, total permanent disability and … [Read more...] about Five factors to review before renewing your insurance policy
Till a month ago, Raghu N* was a senior project manager in a top IT firm, taking home a decent pay package. Like any other middle-class household, he had invested in a beautiful house in Bengaluru and his children were going to expensive private schools in the garden city.Little did he know then that after 22 years of service, he would be asked to go, with no support and shouldering a loan of Rs 40 lakh.“I’m a grown man, dependent on my father who is not earning,” said Raghu, who is in his late 40s, his voice quivering. “But what can be done?” Close “When you join a private firm you know that you could be let go any time but rarely does it dawn on you that it could be you someday,” Ravi said. related news IT union to talk layoffs with Tamil Nadu labour, employment officials New business verticals, foreign transfers in store for merging bank employees: PNB Uber fires 400 employees as losses continue to pile up: Report No matter … [Read more...] about IT layoffs: Where will mid and senior-level employees find jobs
If all goes extremely well for Dan Barasch, he and his team will have built the world’s first naturally-lit underground park by 2021. advertisement advertisement But the ambitious proposal to build the Lowline–and create a bucolic garden of plants in what is now a dark and dusty abandoned trolley station on New York City’s Lower East Side–could also have implications beyond this single project. Its technology, which collects daylight through a series of mirrors and concentrates it into a laser that can be beamed underground, could also change how architects and designers think about the potential for indoor space. At the Lowline Lab, a public, smaller-scale demonstration of the technology that has been operating for a year, about 3,000 plants and 100 species of plants are currently thriving. Tests have shown that the technology, as it’s implemented in the space, is successful at bringing daylight into a windowless, large room. Even strawberries … [Read more...] about How The Lowline’s Underground Park Could Inspire Brighter Indoor Living
Tenants in the Atlantic Plaza Towers apartment complex in New York’s Brownsville neighborhood were fighting to prevent their landlord, Nelson Management Group, from installing facial recognition technology to open the front door to their buildings, calling it an intrusion of their privacy. This week, they succeeded—the group reversed the decision. advertisement advertisement More than 300 residents filed a complaint with the state to block the application in January, voicing fears that the proposed installation is a result of the pressures of gentrification in Brooklyn, with landlords hoping to attract higher-income, white tenants to the majority-black building that contains affordable housing units. The Atlantic Plaza Towers tenants’ success could have wider implications for landlords across the city experimenting with facial recognition technology in their buildings. San Francisco became the first U.S. city to ban government agencies and police from using … [Read more...] about How we fought our landlord’s secretive plan for facial recognition—and won