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A health insurance plan is very essential as it provides financial assistance during a medical emergency and help you save on the health care payments. Though it is so important, it has been seen that around 85% rural and 80% urban population is not covered under any health insurance plan. People may not be aware of the insurance coverages, the procedure of claim application and many more. These may be the reasons of not having a health insurance policy . But, even if you have a policy, you may not avail the benefits of it at the proper time. If you made some mistakes, your claim application may get rejected. Some of the possible reasons of rejection are: Incorrect facts provided When you are admitted in hospital and you need to make the payment of the hospital treatment, the insurance company first verify your claim. But, if there is any misrepresentation of the fact or incorrect facts are provided, they reject the claim directly. If you miss out something or make some mistakes, ...

Corporate insurance is taken by large organizations to cover several operational risks. These can be risks like financial losses, theft, accidents, employee’s health benefits, to name a few.Corporate insurance covers group medical insurance policy  for workers against medical expenses, and death/disability occurring while at work. It is also known as business insurance and offers great benefits to employees involved with the firm and to the business too. More info- What is group employee Health Insurance? There are various types of corporate insurance - ●Property insurance ●Professional Liability Insurance ●Workers’ Compensation Insurance ●Group Health Insurance ●Business Interruption Insurance ●Product Liability Insurance ●Commercial car insurance Let’s know about the features and benefits of corporate insurance. Corporate insurance protects your company from loss of income due to both man made and natural disasters. In some cases, the insurance company ap...

Finding a suitable health insurance plan is never easy, especially when it’s for senior citizens. There is ‘n’ number of things to consider. You miss even one thing, the insurance scheme becomes inefficient and ineffective. Hence, be a smart buyer and do a comprehensive research before signing up for anything. How to start with it? The simplest way to do that is read. Read some articles and blogs available on the internet. Search for the coverage you must have in a senior citizen health insurance scheme. Assess the needs of the senior citizen: the coverage he might need and jot it down somewhere. Look for different health insurance plans and compare them based on the list you just made. Read More- What is critical illness Insurance? Moving on, check out the essential factors which should be considered in order to find the best health insurance scheme for a senior citizen. 1. The age limit: The first and the foremost, whether you are planning to take up the in...

If you drive a motor vehicle in India, you might be aware of the fact that you need to have insurance: a regular motor vehicle insurance and a third party insurance. A regular motor vehicle covers the expenses incurred to you due to the damages caused in a road accident. On the other hand, a third-party insurance covers the expenses incurred by the third party due to your mistakes. Let’s understand this with an example. Let’s say while parking your car you commit a minor accident. You damage your car and the one standing beside you due to your mistake. In the given circumstances, you are liable to pay for the damage caused to your car as well as the damage caused to the other car. That’s when you need a third party insurance. A regular car insurance covers the damage caused to your own vehicle but they won’t pay the money you owe to the third party. The same is the work of the latter insurance scheme.  What Is A Third-Party Insurance?  A   third party car ...