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Understanding Critical Illness Insurance: What Does It Cover

Critical illness insurance is an exclusive medical cover that offers financial protection to the insured individual for treating certain listed critical ailments. Usually, critical illness plans are fixed-benefit health insurance plans. It is a type of health insurance policy that provides a lump sum payout if the insured person is diagnosed with any of the listed critical illnesses specified in the policy document, such as cancer, heart attack, kidney failure, or stroke, irrespective of the amount spent in hospitalisation. 

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Postal Life Insurance Interest Rate on Loans

The Government of India issues several financial plans every year to benefit its employees. Term life insurance is one of the most important of such financial products. With a view to providing financial protection to the employees of the Indian Post Office, Postal Life Insurance (PLI) was initiated. The scheme was slowly expanded to cover other Central Government employees and to offer insurance benefits to their respective families. In addition, PLI offers the extended benefit of loan facility to its employees at a decent interest rate.

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How Advisors Help You Select the Right Guaranteed Return Plan?

When it comes to financial planning, a guaranteed return plan is a secure and predictable investment option. Whether you are looking for an endowment plan, a money-back plan, or a traditional child plan, selecting the right one requires careful consideration of factors like tenure, payout structure, and additional benefits. 

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