Buy health cover at young age, The advantages of insuring oneself at a younger age are plenty. Health insurance companies have waiting periods for several ailments in their policies. If a person purchases a health insurance policy early enough in life, these waiting periods are over well before he or she may need the facility, thus, ensuring coverage for all ailments and diseases. The ‘no claim’ benefit is also positive for younger adults with health insurance covers because they gain benefits from every year they do not claim any medical costs.

Government-run United India Insurance (UII) is geared up for 10 per cent disinvestment, whenever the government takes the call, the company’s chairman G Srinivasan said. His comment was in response to a query on reports about the centre planning to divest 10 per cent stake each in closely-held insurance companies like New India Assurance, United India, National Insurance and Oriental Insurance.

Private general insurance company HDFC Ergo, in collaboration with the Delhi-based Ace Insurance Brokers, will provide a $15 million (Rs 67.5 crore) insurance cover to the Indian Grand Prix, which is being organised in the capital from the month end, the company said.

According to Nielsen's study on the life insurance sector and investment patterns, 'LIFE 2011', a little over 60 per cent of urban Indians hold insurance policies, which are likely to account for a large share of their future investments as well.Life insurance products are the hot favorite of most urban Indians as an investment option and they are likely to earmark over half of their investable income for these products in future, says a study by market research firm Nielsen.