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Third party liability in car insurance is when you are subject to pay for damages of third party if you are at fault in case of an accident. It can even cover you in such a situation. It pays for the damage caused by your car to other people's vehicles and property. However, it won’t pay for the damages to your car if you are at fault. It is also mandatory under the Motor Vehicles Act, 1988. It is recommended to buy enough liability coverage on your car insurance to save yourself from additional costs and even bankruptcy in case of severe collisions caused by you. Before signing up the policy read offer documents carefully to ensure you are financially covered. Features & Benefits It covers damage to third party vehicle or property caused by the insured. It provides legal cover to any injuries or even death of third party and expenses incurred like hospital care, medical costs, lost earnings, and replacement or repair of damaged property and...

If you are a senior citizen person or you have your parents and other senior citizen relatives, you must  have thought of getting a medical insurance. Old age is always associated with the high chances of a medical emergency.  Health Insurance for Senior Citizens  are designed to handled such emergency . You may also visit- What is health insurance Portability? Some factors to consider while buying or considering medical insurance for senior citizens are: Age The most crucial factor for a reliable health insurance plan for senior citizens is age. Most of the public- sector i...

Health is the most important factor for everyone, be it a baby, young, mid-aged or old. So, it is also necessary to have a health insurance plan at every stage. Do not make the most common mistake of considering health insurance as an old age product.  Know More about Health Insurance- Which Health Insurance is best in India?   Advantages of Having a Health Insurance: The premium of the insurance is low- The premium depends on your current age, so, the early you buy, the chances are more that you can avail it at a comparatively lower premium. Low Age Less Disease- The lower the age of yours, you will have fewer chances of having a pre-existing disease which is not covered by insurance. Help You with Better Financial Planning- If you take a health insurance at the early age, you can focus on other expenses and investments. No tension of medical needs as it will be covered. The scenario of illness has changed- Now, more diseases affect people of young age. So,...

You haven’t applied for a health insurance yet! Then, you are committing a huge mistake. Here good medical  health insurance  benefits are listed below: [1] Discounted  R ates  A nd  T ax  B enefits  If you avail a good medical health insurance plan, you can lower your costs and enjoy discounted rates of your entire healthcare needs. You can even avail advantages tax deduction of up to Rs. 25,000 under Section 80D of the Income Tax Act. This is applicable if the policy is your or your spouse’s or dependent children’s name until your son is 25...

Many of us prefer a motorcycle above a car, due to many reasons. But, the chances of meeting with an accident brutally is more in a motorcycle than a four-wheeler. In case of an accident, two things you have to consider- liability and damages. Bike Insurance  help us in such situations to tackled easily Factors Involved in a Motorcycle Insurance: Liability - Liability determines who was at fault during the accident. The person who claim has to prove that it was the other driver’s fault during the accident. Damages are the injuries and losses the plaintiff suffered due to the accident. If the person can prove it was other person’s negligence, he/she will get the compensation. But, if the plaintiff did not get hurt, no damage to the motorcycle or cannot prove the fault of other, there would be no compensation.  Settlement value- When a person wants to avoid the risk of losing the trial and losing everything, a middle ground is reached through settlement. The settl...

Everyone knows about group health insurance, but for those who aren’t aware of it, yet - a group health insurance is a custom policy designed to provide healthcare coverage to a particular group i.e employer-employee groups or non-employer-employee groups. As a prerequisite condition to avoid issues later, it’s always better to know all the pros and cons of the product/service that you are buying. Same goes for buying a Group Health Insurance, hence, below are the pros and cons of Group Health Insurance . Know More Info Visit- What is Group Employee Health Insurance?     The Pros of Group Health Insurance  Lower premium: As a number of people are covered through one insurance, group health insurance is generally cost-effective - 30% cheaper than regular insurance schemes, leading to lower premiums. Maternity Benefits: Group health insurance policies come with maternity coverage, unlike other health insurance policies where you have to pay extra for the s...