Question 1

What insurance topics do FinWiz24 guides cover?

Accepted Answer

Insurance guides on FinWiz24 cover term life, health (including family floater), motor third-party and comprehensive cover, travel insurance, and tax-saving policies under Section 80C and 80D. Each guide explains how a product works in India and what to check before you buy.

Question 2

How should I use guides before comparing insurance plans?

Accepted Answer

Read the guide for your product type first — for example term life or health — so you understand sum assured, waiting periods, and exclusions. Then use our insurance comparison hubs to shortlist IRDAI-regulated plans. Guides teach the “why”; comparison pages help you pick a specific policy.

Question 3

Are FinWiz24 insurance guides aligned with IRDAI rules?

Accepted Answer

We write for Indian buyers using IRDAI-regulated products and common disclosure norms — free-look period, claim intimation, and portability where applicable. Regulations change; confirm current rules on the IRDAI or insurer website before purchasing, especially for new health or motor norms.

Question 4

What is the difference between term insurance and health insurance guides?

Accepted Answer

Term guides focus on life cover for dependents — sum assured, policy term, and riders. Health guides focus on hospitalisation, room rent limits, co-pay, and network hospitals. Pick the guide that matches your risk: income protection for family versus medical expense cover for yourself.

Question 5

Do insurance guides explain tax benefits in India?

Accepted Answer

Yes, where relevant. Guides on tax-saving insurance explain Section 80C limits for life/ULIP premiums and Section 80D for health premiums for self, family, and parents. Tax rules depend on your regime and income; use guides for orientation and a tax professional for personal advice.

Question 6

How often should I revisit insurance guides?

Accepted Answer

Revisit when your life stage changes — marriage, a child, a new car, or switching jobs — or when IRDAI or insurers update standard products. Annual renewal is a good time to re-read the health or motor guide and confirm your sum assured still matches your needs.

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Frequently Asked Questions