FLAME Newsletter - April 03, 2013


“A service cannot be called to have an effect of a fundamental right unless it is accessible to all. For instance, we cannot say that healthcare is a fundamental right if people have to travel to the district headquarters from the village to take treatment. The same applies to banking also - it must be available at the doorsteps” - Dr KC Chakrabarty, RBI Deputy Governor


What you should know before you buy health insurance

In today’s fast paced life where all of us are trying hard to achieve targets or meet deadlines, we often tend to overlook nature’s precious gift to us our health. Changing lifestyles and erratic work hours have given rise to many health issues and make us vulnerable to many ailments and lifestyle diseases.

With an increase in the number of ailments, the cost of medical treatment and advancement in medical technology is also increasing. Health insurance plays a pivotal role in combating the battle of finances, in case of unforeseen events. According to a survey on consumer behaviour, people want to invest their money in something which fetches them instant return, which is reflected in the fact that the decision of buying a health insurance cover is often postponed. However, people have begun to understand the need for buying health insurance as with health insurance, a person can remain hassle-free while considering the various treatment options available for every disease, ailment or niggling health condition… Read more

Common health insurance mistakes

Building a solid health insurance portfolio

With cost of medical care rising steadily, not having adequate health insurance for every member of the family can significantly strain your finances. Indeed, a medical emergency can completely derail your carefully laid financial plans.

Often, working professionals, who have medical insurance provided by the employer, may consider it unnecessary to buy health insurance separately. However, although this can be very useful it is by no means adequate. If you quit or change your job, you may be left without cover. It is important to get insurance for the entire family, in addition to the cover provided by the employer. While we may be aware of the need to insure our health, it can become difficult to decide on the kind of policy that would suit best… Read more  

Get top up plan to enhance your health insurance

Health Insurance vs (HospiCase+Surgi+Criticare Plans)

Health insurance is important for the fact that there is been huge cost increase in medical treatments. Health care has increased due to medicine becoming more sophisticated. Health is of utmost importance for an individual but keeping good health all the time is not in our hands.

People used to be fit and healthy few decades back largely attributed to healthy life styles plus healthy food habits. These days, junk food with contributed by unhealthy lifestyle contributes to lot of problems. So, health insurance is a must for every individual now days. Health insurance is important for the fact that there is been huge cost increase in medical treatments. Health care has increased due to medicine becoming more sophisticated… Read more

Know more about health insurance


What is critical illness cover?

Critical illness cover is an insurance product that pays a benefit on the diagnosis of certain specified critical illnesses… Read more 


Critical illness policy: A critical illness is a serious possibly terminal disease, which is strictly defined by the insurer. Conditions such as cancer, multiple sclerosis, major organ transplants are deemed as critical illness. Most critical illness policies provide for the payment of a lump sum benefit if the policyholder is diagnosed as suffering from one of a number of specified terminal conditions… Read more


Mutual funds betting dangerously high on banks stocks: Assocham

Expect further reduction in repo rate in FY14: CRISIL

Life insurers to submit product planners by month-end: IRDA

IRDA plans to make third party motor insurance plans valid for 2 yrs


FLAME (Financial Literacy Agenda for Mass Empowerment) is an IIFL initiative to promote financial literacy amongst the masses in order to make them an integral part of India’s spectacular growth story.

In an era of accelerating GDP and rising per capita growth, financial literacy has become more critical than ever before such that we all reap the tangible benefits of the nation’s economic prosperity. Financial inclusion has been quite high on the governmental agenda, given its emphasis on widening the Banking & Financial services network across the country. IIFL’s FLAME initiative stands committed to complement this effort by helping common people gain financial growth and security though better awareness and education on the variety of financial products while avoiding the lure of and loss from unrealistic claims made by unscrupulous agents and ponzi schemes.

Our objective is to light a FLAME, as the name suggests, which will set ablaze a chain of FLAMEs across the country. The new-found light of knowledge will undoubtedly dispel the dark clouds of financial illiteracy and ensure the bright sunshine of financial growth and prosperity.

This portal is but one of the various IIFL initiatives that would be part of FLAME.

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