Did you know? Student insurance policy covers medical and travel

Packing your bag and heading off to study abroad? Hold on! Have you got your student insurance policy? An Economic Times (ET) Wealth report highlights the benefits of a student insurance policy. " Such a policy combines the best of both a medical insurance plan and a regular travel policy," said the article. However, certain problems can arise depending on the policy you pick up. For example, is the policy acceptable to the college? Also, what is the premium of the policy? To read further, click here .

Some of the companies offering student insurance are :

1: TATA AIG Student Medical Insurance: It covers students for unanticipated emergencies abroad.

2: Bajaj Allianz Student Insurance:Covers medical expenses, evacuation, repatriation emergency Dental Pain Relief.

3. ICICI Lombard Student Medical Insurance: Medical, dental treatment, passport loss, check-in baggage loss, personal and 2 Way Compassionate Visit.

4. **Reliance Student Insurance:**Medical Expenses including transportation and evacuation,dental care,accidents, 2 way Compassionate Visit, loss of passport and checked in baggage, personal liability, bail bond, student interruption ans sponsor protection.

Combine your demat accounts to save on costs:

The exuberance in stock markets in the past led to a large number of investors opening up demat accounts in the hope that they will be able to make that extra quick buck. However, with markets crashing now, maintaining multiple demat accounts has become troublesome. A_Times of India_article outlines various concerns related to holding multiple demat accounts like the increase in annual maintenance charges or having joint accounts. It further talks about how to deal with some specific issues like ‘death of the owner’ or ‘securities with lock-in periods ’etc. To read more, click here .

•How to choose financial products for retirement:

There’s no doubt that retirement planning should be taken seriously. A Times of India report cites three stages of retirement: the first stage is the pre-retirement stage, where the investor begins to save systematically with this goal in mind. “While text books recommend an early start, beginning as soon as one is employed, the realty is different,” notes the article. The second stage is when the investor has retired and holds a corpus that he/she has accumulated over a period of time. Here, the author says the focus should be on on choosing a fixed income product like an annuity or a deposit, and the third stage is the period 10-15 years post retirement. Here, an investor can take a decision on how much is to be given to his or her ‘heirs’ and how much is to consumed.

•Time to review your investments:

Experts believe you should review your investments once a year. There are certain important situations when one should re-look their portfolios. These include marriage, birth of a child, a salary hike, a windfall gain, a loan and a ‘Black Swan’ (completely unexpected and have a potentially huge impact). To read more, click here .