14 – Personal Finance – Insurance

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1. Introduction 1.1 – Overview This chapter is authored by Shrehith from Ditto. Most people in this country live on a tight budget. They don’t have a large savings corpus. They don’t have an emergency fund. ..
2. Perverse Incentives 2.1 – Filling the application right This chapter is authored by Shrehith from Ditto. A few months ago, a young chap came to us seeking help — completely distraught after his rejected claim ..
3. The nudge 3.1 – Understanding protection, cover amount and premiums This chapter is authored by Shrehith from Ditto. An average human spends about 8 hours of his day sleeping. About an hour each day eatin ..
4. Skin in the game 4.1 – Understanding co-payment and room rent restrictions This chapter is authored by Shrehith from Ditto. Skin in the game — It’s an idea propounded by many people, but none more so tha ..
5. Dunning Kruger effect 5.1 – Understanding medical declarations, pre-existing diseases and loading charge This chapter is authored by Shrehith from Ditto. The Dunning–Kruger effect is a hypothetical cognitive bias t ..
6. A mighty defence 6.1 – Understanding specific illnesses, permanent exclusions, disease-wise sub-limits and blacklists This chapter is authored by Shrehith from Ditto. While some people have little faith in their ..
7. No free lunch 7.1 – Understanding Discounts, Family Floaters, Group Plans, Employee Insurance policies This chapter is authored by Shrehith from Ditto. Everybody likes a good discount. Are you looking for a ..
8. Gimmick or not (Part 1) 8.1 – Understanding the gimmicks of Insurance This chapter is authored by Shrehith from Ditto. Insurance is a cutthroat enterprise. Everybody is trying to outcompete each other. It’s all-o ..
9. Gimmick or not (Part 2) 9.1 – Consumables This chapter is authored by Shrehith from Ditto. Here’s the thing — When you parse through a hospital bill, you’ll almost always see line items that are a bit ..