I'm leaving my job for an extended period of time and looking for health insurance options. Any suggestions?
Answers: You could elect COBRA (if available) or purchase an individual policy.
Since your options vary according to your state, the length of time you were covered under your group policy, and other factors, I suggest you contact your state's insurance commissioner's office, which can give you the best advice based on what's available.
Look for major medical coverage from an insurer in your area. There may be very few companies offering coverage and it will typically be between $80 and $200 per month depending upon your age, assuming you have very good health. This generally does not cover routine costs and has high deductibles if you do have a serious illness, however, the whole idea of insurance is to cover catastrophic events that would bankrupt you otherwise.
The unfortunate, fact is, insurers do not like to insure anyone with a pre-existing conditions. If you have, for instance, diabetes, the insurer may not cover you or may raise their premiums to make it unaffordable.
This is a good reason to move away from the politicians who have their hands in the pockets of the drug companies, medical establishment, and insurance companies. You know who they are. Those 'family values' candidates are outright liars and hypocrites.
Depends on what state you live in. There are plenty of coverage options available, from COBRA to Individual plans to government sponsored options.
Even if you have pre-existing medical conditions there are individual plans available (at least in CA) that are affordable and just exclude coverage on those pre-ex, as well as reasonable plans that will cover everything anyway.
Your best bet is to talk to a local agent. Look for someone who is an accredited member of the Better Business Bureau to start with. It isn't a fool-proof tell, but it is at least a good start.
What are the export tax implication of LIC's Health Plus Policy ?
I am an LIC agent and LIC has launch Health Plus policy. However during the training, none of the managers are inclined to answer the following queries.1) Are claim proceeds taxable since it is a robustness insurance product
2) Will LIC pay the claim within addition to the amount claimed by the policyholder from Mediclaim ?
3) What are the documents required to be submitted while making a claim.
Someone please direction me on these questions as i am a direct agent of LIC contained by Mumbai without any Development Officers support and none of the branch official are ready to commit anything give or take a few the policy. It is a pity that people trust LIC so much but the situation contained by LIC is worsening day by year as no one is bothered around the policyholders interest.
It is my humble request to CA's and other financial planners to help me next to this matter
Answers: Your condition is indeed pitiable but this is something that you should sort out at a personal stratum with your Insurer.
According to me the claim amount from Health Insurance is taxable. Secondly even if you own taken a medical policy earlier LIC will hold to pay the claim. And thirdly remember to keep hold of atleast a xerox of all your hospital bills, prescriptions and medical bills to be submitted near the claim.I hope i have be able to answer your examine at a macro level.
If you are enterprizing adequate then i suggest that you go in any leading Private Insurance company approaching ICICI, HDFC or Bajaj because though LIC is the leader, the adjectives of LIC is dark because within are a lot of rumours around the deep trouble between their own workers. The top bosses want to sell LIC to some private group similar to Reliance but the unions are clashing it. Similarly for the past few years the Development Managers are on strike due to which LIC is paralysed. It is reported contained by Insurance circles that all their trial policies have ruined and Health Plus which was their trump card be a total flop show because their marketing force has some issues to be sorted out near their top bosses. This kind of situation is going on for the recent past 6 to 7 years and LIC's market share is down to almost 50% as reported surrounded by the newspapers. Today working beside LIC is like fishing is stormy weather. In such a situation my suggestion to any good agent of LIC is to resign from within and join a private company where on earth commission and incentives are very liberal and work atmosphere is stimulating and healthy.
(This is my personal feelings, so please dont feel affronted, i dont force anyone to subscribe to my views but since i am into research of nouns industry i thought i should share my thoughts with you).
I am not a financial expert and am venture to answer your question simply out of curiosity. It is completely unfortunate that LIC is not completely forthcoming with respect to the answer to your first question and clearly slippery about the answers to your second and third question. This can perhaps be explained by clause iv underneath the heading BENEFITS ILLUSTRATION which states that, "LIC does not authorize its agents/intermediaries, staff and officials to express their judgment on the future ceremonial of the "ULIP" fund, excepting the above illustrative rate of 6% and 10% growth".
Under the heading RISKS BORNE BY THE POLICYHOLDER, clause vi states, "All benefits beneath the policy are also subject to the Tax Laws and other financial enactments as they exist from time to time", which is adjectives that LIC has to enunciate in respect of your first query.
Finally, I agree without reserve that LIC's services own sunk very low and it is taking policy holders' confidence for granted.
Hello
Being an LIC agent, you should not blame LIC or its official to get sympathy from others. This will affect your business.
Since Health Plus is a alien plan and particularly of Medical claim which is entirely topical to anybody. You may contact you couter parts working with common insurance companies or wait for some more time to bring back all the answers for your query.
good luck
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How do i prepare my self to bank interview?
Answers: - Research the company, including their corporate culture and key businesses and clients
- Dress for success -- wear a professional suit and be sure it's pressed
- Bring copies of your resume -- have a friend proof read it to ensure that there are no mistakes, spelling issues, or date inconsistencies
- Prepare 2-3 questions. You'll be asked if you have any questions, and "no" is a bad answer. Worst case -- ask the interviewer why he or she likes working at that company.
- Be familiar with key banking terms so you'll sound prepared.
Good luck!
I really don't know...
Are you looking for a job...or a loan?