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How Does Coronavirus Impact Your Insurance?

BankBazaar

The novel Coronavirus that originated in Wuhan has now spread around the world and killed more than 2,000 people. Will your insurance cover this pandemic? The novel Coronavirus that emerged in central China last year is now spreading rapidly to other parts of the world. Will Your Insurance Cover Coronavirus?

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COVID-19 Has Devastated SMBs, But It Might Make Their Insurance Policies Better

PYMNTS

For decades, the insurance industry is quite literally a lifeline for those affected by unfortunate events. As service providers in the business of disasters and disruptions, insurance companies have had a front-row seat to the ways the pandemic has affected their small business policyholders.

Policies 229
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Will Your Life Insurance Policy Cover Deaths Due To Coronavirus?

BankBazaar

With COVID-19 positive case count and deaths increasing by the day, it is important to know if your Life Insurance policy will cover deaths arising out of COVID-19. In fact, if you’ve recently purchased Health Insurance , your policy may not cover it if you contract the disease during the policy waiting period.

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What To Do With Your Travel Fund If COVID-19 Has Derailed Your Trip

BankBazaar

In case you had to cancel your trip in the wake of the COVID-19 epidemic, here are ways you can judiciously use your travel fund. The WHO has now declared COVID-19 a global health emergency and is sharing daily updates on how we can tackle this rapidly-spreading disease better. In fact, do you even have an emergency fund at all?

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Know Differences Between Corona Kavach Policy And Corona Rakshak Policy

BankBazaar

The IRDAI has mandated general health insurers to offer short-term health plans like Corona Rakshak and Corona Kavach to cover hospitalisation expenses arising out of treatment for COVID-19. Corona Kavach Policy or the COVID Standard Health Policy will be mandatorily offered by all general and Health Insurance companies. Availability.

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Personal Finance In The Post COVID-19 World

BankBazaar

What does it hold for our personal finance? Millions have now lost their lives to this pandemic and the world is still wrapping its head around the scale of the crisis and is at its wit’s end about how to emerge safely out of it. But what lessons does it hold for our personal finance? Let’s take a look. .

Policies 148
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Survey: COVID-19’s Financial Effect on Millennials

MyBankTracker

MyBankTracker surveyed 1,001 people aged from 25 to 34 to see how much of a budget setback the pandemic recession has been. This article will highlight the key findings of that survey, and offer tips on how millennials can overcome recent economic setbacks. Key Findings. And yet, some millennials have been surprisingly resilient.