There are people / tools available who can predict what's going to happen in weather condition in a few days, the sun rise / sun set time and one can plan what time the train starts and reaches its destination. But, can you do this with your life. Do you know for how long you will not fall ill or how much of money you would be earning 3 years from now? How much would be your expenses and what would be the demands of your loved ones.

Types of Life Insurance policies

Important tips to look for in your policy

• Always look for life policy which covers your legal and financial obligations.

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Medical insurance protects you and your family from any mishappening in future. In case of your death, your family will be compensated with a complete payment equal to your sun assured.

Types of Medical Insurance

Expenses covered under medical insurance

• Overseas treatment

• Surgical and non-surgical treatments

• Specialist visits

• Non subsidizes drugs

• Medical Tourism (Treatment covered overseas)

• Diagnostic procedures

• Cover in Australia & New Zealand

Important tips to look for in your policy

• You can bring your premium down by increasing the excess

• Always take specialist option

• Always take coverage which provides overseas coverage

• Always look for a policy which gives more benefits

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Trauma cover provides you with a one-off lump sum payment if you are diagnosed for the first time with any of the conditions specified in your policy. That lump sum amount can be used to pay your mortgage, paying off your medical bills or even taking the family on holiday. It's your money do whatever you want to do.

Types of Trauma Insurance

Important tips to look for in your Trauma Insurance policy

• The trauma cover should have maximum conditions covered and not 10/12 conditions offered by other providers

• Should be on a standalone basis

• If accelerated should have life buy back selected.

• Should have trauma buy back option selected i.e multi condition and multi claimable.

• Some companies offer free trauma cover for children between the age of 0-19 years.

• Some companies offer built in (TPD) Total Permanent Disability in their trauma cover.

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Income is your greatest asset. All your bills like food, clothing, mortgage, car, insurances, children educations etc. are paid through your income. Your lifestyle depends upon the income .If there is no income you cannot do anything in life. Your regular incomes keeps your life run at a fast pace. Sometimes your ill- health or maybe an accident puts a break in your life style.

Most often in these situations comes uninvited and you are forced to stay away from your work and you find it really hard to cope up with the situation. The moment your incomes stop, you are forced to compromise on your life style. Income protection plans allow you to maintain your same lifestyle and fulfil your household responsibilities, pay all your bills. This is the only bill which will pay all your bills when the need arises.

Types of Income Protection Insurance

Important tips to look for in your policy

• By choosing to longer wait period can help reduce your premiums.

• By choosing shorter payment term will reduce premiums or by splitting the cover can help reduce premiums.

• Look for specific injury claims, retraining benefit & bed confinement benefits

• Look for return to work bonus.

• Look for a dependent relative benefit

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Buying a home is a dream for all of us. Taking out a mortgage is a major financial commitment. The last thing you want is that the bank takes away your house if for some reason you can't make your loan repayments. It becomes a real bad state of affairs when you cannot pay back your mortgage instalment because of any reason (Illness, redundancy or any injury).

Mortgage protection insurance ensures that your monthly mortgage instalments are paid during the time you are not able to earn money due to sickness or disability.

What is covered in Mortgage Protection?

• Out of work due to illness/disability

• Out of work due to redundancy (optional benefit)

Important tips to look for in your policy

• By choosing a longer wait period can help reduce your premiums.

• By choosing shorter payment term premium will be reduced

• Look for a dependent relative benefit

Click here for more detail on Mortgage Protection