Sunday, February 17, 2013

Factors to be considered before choosing health insurance

Hi Friends,

A lot of you have helped me in my venture of becoming a health insurance advisor for Apollo Munich. When I thought of buying a health insurance policy for myself, I considered the following before choosing my policy:-

1) Ethical Management- It should be from a group which is ethical. An unethical group running a health insurance business is a strict no-no. They will not pay you when the claim arises.

2) Network Hospitals- Choose a health insurance company which offers you the maximum network hospitals. It should have a tie up with atleast 3 out of the top 4 hospitals in the city that you are residing apart from all other major hospitals across all cities.

3) Cashless Hospitalisation- Choose a health insurer which provides for cashless hospitalisation at most of the hospitals. If it does not provide cashless benefits across the major hospitals, there is no point of buying a health insurance policy. What is the use of going for a health insurance in the 1st place if you have to opt for reimbursement? The objective of taking a health insurance is that it should not put you under any financial constraints when your near and dear ones are hospitalised.

4) Claim Processing- Choose a health insurer which does not take a lot of time in processing the claims.

5) Have an insurance agent instead of buying the policy online- You should have a professional accountable agent  who will take care of your claim processing in case of a need arising. When you are getting an agent for free, its better to make use of the agent than to feel good about buying a policy online and not knowing what to do when the claim arises. Do not choose an agent who looks like a patient himself.

6) Choose a decent renewable cover- Most of the people compare policies on the basis of premiums. It is an exercise in futility. Make sure that you go for a policy which gives you a good cover, is renewable for lifetime. Healthcare costs are increasing at an average cost of 17-19% per annum. Its very important to have a high health cover and not focus on the premium too much. As they say, do not be penny wise and pound foolish.



Your Friend,
Vivek




Friday, February 1, 2013

Welcome to the one stop shop for all your financial needs!!!!!

There is a brilliant saying, "If you are doing business only for yourself, one day you will be the sole customer." I have been inspired by 3 celebrities in life namely Sachin Tendulkar, Roger Federer and Aamir Khan. The main reason why I am a major fan of these 3 people is because they have given happiness to so many people across the world and they have taught us to dream big. People do not get that ecstatic feeling watching them because of their wealth but because they are passionate and crazy for their profession. They have taught us to go after our dreams, money is just a by-product. They do not work for money, money works for them. They work for producing magic.

It really hurts me when I see how people have started giving importance to money in life just to meet their short term targets. It hurts when I see people mis-selling financial products to people for their major cut. It hurts when people focus on short term goals and not building lasting relationships. I firmly believe that when you are into the business of selling, it cannot be target based. 

For this sole reason I chose a marketing profession in the financial world where I tied up with the best of companies and institutes when it comes to work ethics such as BMA Wealth Creators Ltd, LIC of India, HDFC Ltd, Bank of India and I started teaching at the prestigious institutes iLead and Edusure. I have always believed that financial freedom is one of the most important ingredients towards a happy and prosperous life.

I really want to thank all the important people who have made this dream come true. I am giving it my best shot to take humanity and work ethics to the next level. Each and every of the 1668 page views till date makes a difference to my life and motivates me everyday. Its a commitment that I shall ensure that all of you earn great wealth and great happiness. I shall always perform to the best of my abilities.

Love you friends,
Vivek