India Policy Standard

Congratulations! Your admission to a university in the US, UK, or Canada is confirmed. The visa is stamped. The bags are packed. Then, you see the tuition bill. There is a shock waiting for you: "Mandatory Health Insurance: $2,500 - $3,000" (approx ₹2-2.5 Lakhs). Most Indian parents blindly pay this. Stop! You are wasting money. In 2026, you can legally opt out of this expensive plan and buy an Indian Student Travel Insurance policy for just ₹40,000 - ₹50,000 . That is a straight saving of ₹1.5 Lakhs. Today, I will teach you the "Waiver" hack. Don't Pay $2,500 for University Insurance! Save ₹1 Lakh with Indian Student Travel Plans 1. What is the "Insurance Waiver"? Foreign universities make health insurance mandatory. However, they don't force you to buy their plan. They usually have a "Waiver Form" policy. The Rule: If you show them proof that you have another insurance p...

Let's fail a reality check. You bought a health insurance policy 5 years ago with a ₹5 Lakh Sum Insured . You think you are safe. In 2026, you are NOT safe. Medical inflation in India is running at 14% per year (double the general inflation). A simple knee replacement in a Tier-1 city hospital (like Apollo or Max) now costs ₹4-5 Lakhs. A heart bypass? ₹6-8 Lakhs. If you get hospitalized for Dengue or Covid, that ₹5 Lakh cover will vanish in 3 days. Today, I will tell you why you need to upgrade to a ₹1 Crore Cover immediately and how to do it cheaply using "Super Top-ups." The Truth About Medical Inflation in India 1. Family Floater vs. Individual: The Big Mistake Most Indians buy a "Family Floater" plan because it is cheaper. One sum insured (e.g., ₹10 Lakhs) covers Husband, Wife, and 2 Kids. ⚠️ The Danger Zone If the father gets sick and uses ₹8 Lakhs for surgery, only ₹2 Lakhs ...

In India, we have a mental block. We hate spending money on something if we don't get anything back. Insurance agents know this. That is why they push "Return of Premium" (TROP) plans. They say, "Sir, if you survive the policy term, we will give all your premiums back!" It sounds perfect. Free insurance, right? WRONG. In 2026, buying a TROP plan is one of the worst financial mistakes you can make. Today, I will use simple math to show you why you should stick to a Pure Term Plan and invest the difference. Pure Term vs. Return of Premium 1. The Price Difference (The Shock) Let's look at the premium for a ₹1 Crore Cover for a 30-year-old non-smoker male (Policy term: 30 years). 💰 The Cost Comparison Pure Term Plan: ₹10,000 per year. (Approx) Return of Premium (TROP): ₹20,000 per year. (Approx) Fact: You are paying DOUBLE just to get your...

Every year, when your car insurance expires, you get a call from an agent. They ask: "Sir, do you want the cheapest policy just to show the Police?" You say yes to save ₹2,000. This is a massive mistake. In 2026, with traffic fines (Challans) skyrocketing and spare part costs rising, buying a "Third-Party Only" policy is financial suicide. If you crash your car, you get ₹0 . Today, I will explain the difference between the three policy types and why the "Zero Depreciation" (Zero Dep) add-on is mandatory for any car less than 5 years old. Why "Third-Party Only" is a Trap & The "Zero Dep" Secret to Save Thousands 1. The 3 Types of Policies (Don't Be Confused) Let's clarify what you are actually buying. 🚗 The Breakdown Third-Party (TP) Only: Mandatory by law. Pays for damages to other people's car or life. Pays NOTHING for your ow...