All Insurance News and Plans

Do not buy a car insurance just for the sake of having it! If you choose any car insurance, you will not get the adequate protection cover during an accident or damage. So, it will be advisable to check online insurance details, compare among all and then make the right choice by comparing several parameters including costs. What is a car insurance? A car insurance is a contract between you and your insurance company, where the insurance company gives you the coverage against financial losses due to damages to the car. You should be aware of all the facets of car insurance policy before finalizing a product. The insured declared value of your car and the car insurance premium is linked to location and cubic capacity of the vehicle- you must be aware of all these factors. A third party or a liability motor insurance cover is mandatory in India and it will provide financial coverage in accidental damage to you and others or the property involved in an accident. Comprehensive i...

With changing lifestyles we are prone to a host of dangerous diseases whose cure the medical fraternity is still not able to find. Hence, it becomes all the more important to ensure the safety of your loved ones by investing in a good health insurance plan. Here are quick tips to help you choose the best health plan for your family - Research Online  Compare and analyze various health insurance plans online. As the marketplace is full of insurance providers offering lucrative deals. You must take time to research about them to pick the plans most suitable to your family’s needs. Waiting period  This is the period after which you can claim the cover for your illnesses. Usually, a waiting period is of 30 days. However, it may vary for pre-existing conditions and terms of the insurance provider. No claim bonus Under this the insurance provider increases the sum insured for every no-claim year by a certain percentage by maintaining the same premium payments. It ...

For bike lovers, there is nothing more enticing than going on a long bike ride across the country. Yet, there are certain routes which are more favoured over others. It is thus best to have your bikes insured before setting off on a long road trip. Two wheeler insurance policy is offered by a number of lenders and provides extensive coverage against natural disasters and losses caused by fires, accidents, and thefts. This can be due to many reasons including the ride comfort and the scenic beauty of such places, a few of which have been mentioned below -  Manali-Leh  Any biker who has been to the hills will surely know of this route. This is one of the most beautiful bike routes because one gets to view the majestic Himalayas. As the terrain is difficult, many bikers prefer to go in groups. They mostly use the passes of Rohtang, Sarchi, and Upshi.  Shimla-Spiti This is a very beautiful ride which begins from the city of Shimla and takes one to the Spiti Val...

Group Health Insurance provides an additional health cover for employees who already have a family or individual health insurance policy. By and large group health insurance is easily available to employees of any company who provide this policy. In several cases, employees can get any pre-existing medical conditions covered too via the group insurance policies. The employer pays up to 50% of the policy’s premium which makes it more affordable for the employees.  There are several benefits to availing a group insurance policy which include - No medical check-up is needed as the employer signs up their employees and one of their family  members.  This takes into consideration the pre-existing diseases of the employees and their family  members too.  As the employer pays up to 50% of the policy premium the policyholder does not get burdened  with having to maintain the policy. Also, they become much more affordable.  The process of ...

Due to rising inflation it has become imperative for parents to start planning for their children early. It maybe for their education or just about anything the right child insurance plan in place to take care of finances.  Though, you may get a plan from various lenders available in the market today, it is advisable to opt for ones who are experienced and offer benefits fitting your needs. You may research online among various plans to help you make an informed decision.  Let’s know about the benefits of child plans - It offers comprehensive cover against host of financial emergencies your child may be in need of in the future. You can not just research and compare these plans online but apply for them too via a simple e-form available at the lender’s official website. The policy provides guaranteed returns benefits to the policyholder so you never have to worry about funds. The policy offers add-on benefits and enhanced rider-coverage to the policy holde...

A third party car insurance offers cover for any legal and financial liability against any third party, in case your vehicle gets involved in a mishap like an accident. The third party car insurance provider bears any claims for damages to property or bodily harm caused by the policy holder’s vehicle to any third party. Claims are made to Motor Accident Claims Tribunal and the insurance company provides financial cover on behalf of the policyholder. There is no fixed limit for death or injury that is caused to any third party.  Here are the details of this policy -  A normal policy is divided into three categories - for bodily harm compensation per accident per victim, for overall bodily harm limit per accident and for property damage. Policy seekers can buy the policy based on estimation on how much coverage they might be needing.  The main advantage is the financial cover extending up to Rs. 7.5 lakhs. This is born by the insurance provider in case your v...

Though, having a motor insurance policy is mandatory according to Motor Vehicle Act. It is also imperative to maintain the policy so as to gain timely benefits and save, at the same time.  Here’s how you can save on renewal of your motor insurance policy -  1. While, buying motor insurance for your vehicle make sure to compare policies. You can do your research online as it will give you access to several lenders to compare with.  2. Take into account the Insured Declared Value (IDV) which is also known as the maximum assured sum of the motor insurance policy and is calculated by making an adjustment to the market value of car sans their depreciation. It is the amount you can claim if your vehicle gets damaged beyond repair or is stolen and is well coordinated with the premium. Conceptually, higher IDV leads to higher premiums and vice versa.  3. Redeem your no claim bonus to get up to 50% discount upon renewal of your policy. Several no claim...

Accidental insurance policy takes care of your family’s financial needs in case of your demise. It provides the necessary financial assistance if you are fully or partially disabled, either permanently or temporarily. This policy is of major importance especially if you are the only earning member of your family. Here’s what you must know about the accident insurance policy before you sign up - 1.A standalone accident policy covers all types of losses which include temporary disablement, hospitalization and loss of income. You can make a claim if they are victims of any sort of accident like breaking a leg or hand, being involved in a road accident, falling from stairs and so on.  2.The premium for accident insurance policy is same as for individuals across all age groups. Whereas, the primary factor taken into account while deciding the premium for the policy is the income of the individual. 3.This policy costs lower than a term insurance. Unlike, term ...