The Options To Transferring Money Overseas

To transfer money overseasonline is one of the best ways to transfer your money. However, there are other options like bank to bank transfers, FX, etc. All of these options give different options in terms of service charge, speed of transfer and other value added services. We will be covering the top 5 options to transfer money overseas online. Let’s have a look at them.

Online Payment services: This is one of the most convenient option to transfer money overseas online as you can do it from your own desktop at home in only a couple of minutes. If you use an online payment service such as Paypal, there is no need to worry about the extra hidden charges as there are none. Only the exchange rates and the initial fee is charged. Paypal makes it easy to transfer money overseas online in 190 countries in 20 different currencies. All that is needed is the recipient email address or mobile number. It is usually used for small sums and when both parties have a Paypal account. However, in order to transfer your money from paypal to bank account still takes 5-7 days.

Money transfer operators: Money Transfer Operators are private companies that specialize in quickly transferring money from one location to another internationally or locally for their clients. It is ideal if the transfer of money needs to be done quickly. These usually offer both online and offline services at their ground locations. Transferring money abroad with these services can be performed both online and offline and hence, if the recipient does not have a Paypal account, it is really helpful. Few of the money transfer service providers are Western Union, Instarem and MoneyGram.

International bank wire transfers: If you need to transfer money overseas online, another option to go for is a bank wire. This can be done online or offline. A bank wire is basically an electronic money transfer from one bank to another. To send a wire transfer,details such as the recipient’s full name, branch number and bank account number are required. You have to fill a form in order to do it regardless of whether you go for an online or offline transfer method.

Money orders: Sometimes a money order can be a handy method of transferring money overseas online. A money order is a pre-set amount of money already paid at a bank or post office. Money orders can also be done online. However, companies are hesitant in providing online money order services. It is recommended that money orders are done in person at a bank or a post office.When you send a money order, you pay in advance and the funds are guaranteed to reach the recipient.

Maternity Insurance: All You Need To Know

The joys of becoming parents for the first time cannot be put into words. It’s an altogether a different feeling. But with the excitement comes a whole new set of responsibilities – you are going to have another being to take care of. One of the ways to be financially prepared for the birth of a new child is to have a maternity insurance cover.

Maternity cover is an essential insurance product to have, given that the healthcare costsare shooting up fast. It protects you from the rising costs associated with childbirth by taking care of all your pregnancy-related expenses.

Maternity coverage is offered as an add-on to health insurance policies.

What does maternity insurance cover?

‘Hospitalization expenses for the delivery of the baby (normal or caesarean)

‘Pre hospitalization expenses are covered for up to a month and post hospitalization expenses are covered for up to two months.

‘Healthcare costs of the new-born baby are covered for a specific period of time. In the event your child requires medical attention, the insurance company will pay for treatment costs.

‘Ambulance charges to take the expecting mother to the hospital.

What is not covered?

‘Visit to the doctor for regular check-ups.

‘Termination of pregnancy within first 12 weeks of conception.

‘Maximum age of policyholder availing benefit of maternity insurance is generally capped at 45 years.

‘Money spent on vitamins and tonics (unless mentioned in the policy).

Waiting period

When you buy a maternity plan, the coverage is not going to be extended to you right away. Maternity benefits can usually be availed for a period of two to four years from the date of the policy purchase. The waiting period in case of group health insurance plans is usually around nine months. Make sure to enquire of your insurer the waiting period involved in case of group covers extended by your organization.

It is advisable to consider buying health insurance policies with maternity coverage an add-on as soon as one gets married. This way you ensure that the waiting period gets over by the time you require the pay-out. You will receive the policy benefits when you are actually in need of financial assistance.

Premium

Premiums charged for medical insurance plans that have maternity coverage as add-ons are a little bit on the expensive side. Insurance companies consider maternity cover a high-risk product. The reason for this is because the claim ratio generally goes up to 100%.
If you plan on including maternity cover to your current health plan, do it so early. Your age also plays a role in determining how much you pay in premiums. The longer you wait, the more you pay in premium costs

Importance Of The Standard Doctor Disability Insurance

For people who have been trained to be doctors, they know and can attest to the fact that it is not easy to become a doctor. It takes years of training, hard work and money to be able to become trained, specialized and certified as a doctor. Be that as it may, the profession of medicine is fraught with dangers and hazards. From malpractice suits, to disability insurance issues as well as various other problems within the medical world, it is certainly not an easy place to be for a doctor.

With this information in mind, doctors do realize that it is important for them to make sure that they are well protected while on the job. The job of being a doctor itself is very demanding on a person and it takes its toll on the health and vitality of the doctor himself who is trying to save the life of others. That is an irony of life.

Benefits Of Disability Insurance

Disability insurance is many quarters has been described as the insurance policy which a worker can take out such that if ever a time comes when the worker cannot work due to sickness, injury and any unsavory health condition, the worker will still earn a pay or a commission. Some of the benefits of having a disability insurance policy include

1. In the case of eventuality and a person suffers from an injury or health set back, the insurance companies such as mass mutual doctor’s disability insurance will ensure that the person receives a salary for life even after his/her working days are long over.

2. Premiums being paid to the insurance such as Ohio National Doctor’s Disability Insurance are not taxed. The premiums are collected monthly at source such that the person does not have to worry about such monies being taxed.

3. A lot of reputable companies which are offering these services make sure that they pay true claims and there are a lot of people living comfortably off their disability insurance.

Why you should have it

It is important for doctors to understand and tap into the opportunities available for them even while they work. Many a times the hazards of the job makes doctors fall sick or develop some kind of injury or weaknesses especially with the knees and the joints. A lot of time is spent standing up and this could lead to conditions such as arthritis, rheumatism and other conditions of the joints and knees.

It is always advisable to make hay while the sun shines such that in the early days of a doctor’s career it always is a good idea to take out a disability insurance. This keeps the doctor covered such that if the days come when for reason of disability, the doctor cannot work, he will earn a passive income even while he lives without having to lose his home or depend on food stamps for the rest of his life. This is important for all doctors to know and take precaution.