All Insurance News and Plans

Many people have few misconceptions about the health insurance plan. The truth is that insurance can be customized to suit various needs of the policyholder. Discuss with your Relationship Manager to understand more. Let’s throw light on some of the facts around health insurance. # Waiting Period Most health insurance plans have a waiting period for pre-existing diseases and even diseases which are discovered after signing up the health insurance. These periods can range from 2-5 years and differ from service providers. # Claim Process A health insurance must offer an easy claim process. Make sure your prospective Health Insurance Plan offer quick service at times when you need it the most. You may also click here to know more about Health Insurance Claim- How to claim Medical Insurance? # Family Cover Consider the age and health situations of all family members. This will help you better plan medical expenses beforehand and benefit from the pla...

Health insurance is one of the most common forms of insurance that appears as a helping hand during medical emergency. You have to check what all facilities your health insurance cover up. Is it only the hospitalization costs, or it covers all pre and post-hospitalization expenses. You also need to aware of what all diseases it covers, only the general ones or the critical ones too such as cancer and cardiovascular diseases. Day by day it is becoming hard to manage the medical bills due to the rising cost of healthcare. That is the reason health insurance has become so important.   More info Visit- How to Choose Health Insurance? The factors you need to notice in a health insurance are: How much sum insured? You must know that all health insurance policy covers only a basic sum. There are some underwriting rules of the insurer on the basis of which the basic sum is insured. The rest amount needs to be financed from your pocket. For example: If you have an in...

If you have a car and you haven’t done insurance of that car yet, you are doing the greatest mistake of life. Do not drive your car next time before you have your car insurance! One of the easiest and the convenient ways of getting a car insurance is through digital platforms. Nowadays, people use online medium for selling and buying all types of goods, products, and services, the same scenario is noticed for insurance. People have started purchasing many insurance products including car insurance to submitting claims and many more through the internet.  Benefits of Buying Car Insurance Online No role of agents- Here you can deal directly with the online car insurance service provider while purchasing and setting claim, so no role of any middleman. Price is lower- There is no middleman while buying a car insurance online, so no need to pay them a commission. This, in turn, reduces the cost of car insurance. Convenient- No need to visit car insurance compa...

When talking about life insurance, some people call it a waste of time and money. They argue that death is inevitable then what is the need for a life insurance. It’s probably because we don’t live alone our entire life, and with time we get married, produce kids, and become responsible for the well-being of many more people other than ourselves - those who we refer to as a family.  Now, you might not be capable to fulfil their needs for the rest of your life, especially after your death. But you can take a life insurance policy to pay for your family’s financial needs after you, and ensure a sustainable life for them as long as they don’t grow self-independent financially.  Owing to the above discussion, below are three popular types of life insurance policies you can apply for:   1. Term insurance: Term insurance is the cheapest and the simplest form of life protection plan to understand. It covers you for a particular period. The premiums are quite...

Planning to take a bike insurance? Before you take any major decision, read about the three bike insurance    add-ons you must opt for while taking it.  1. You can take add-on covers Most of the insurance policy schemes don’t cover the essential bike parts like the engine, tires, gearbox etc. and claim process progresses as per the depreciating value. However, you can opt for extra add-on within your existing bike insurance referred to as “riders” and get the essential components insured. ‘Riders’ add-on will entitle you with a zero devaluation cover that would shield your bike against the downgrading of plastic, fiber, nylon and other rubber parts of your bike. 2. Let your insurer pay the towing charges Flat tire, broken chain, spontaneous issues with the gearbox, and uncalculated fuel problem are very common in a bikers life. Yet, these problems are no less than a nightmare if the same occurs in a deserted area from where the required facilities like...

Savings will generate the best profits when they are invested smartly. Investment planning is a significant part of this process wherein you decide which options to park your funds in from among the most profitable ones. While you are assessing the options and weighing their respective pros and cons, make it a point to consider insurance here. Insurance, apart from being a profitable investment is also a necessity in today’s time. This is because it provides financial coverage in times of need. Listed below are a few reasons why an insurance policy should be included in every investment plan , if it is not already a part of your portfolio: Most Suitable Issuance of Premium Certain versatile insurance schemes allocate a portion of the premium paid by the individual into market securities. This allocation is done with the intent to generate maximum returns for the investor by following either of the two investment strategies followed by the insuring agency. These strategi...