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  Tourism in India contributes to 9.2% of its total GDP, proving the popularity of travelling among the masses. However, travelling comes with an associated set of risks and problems if proper precaution is not taken beforehand. This might put a dent in the holiday mood, as people have to remain on-guard during such tours. You can buy travel insurance to reduce this burden since assistance is provided in case of most unforeseen situations. Various unfortunate incidents can occur during times of travel when travel insurance can come in handy. 1. Injury/accident Physical wounds can occur at any time during travel. The chances of suffering any bodily damage are higher when you go on a trekking holiday, or places with immense snow, increasing your chances of slipping. In the event of such an incident, travel insurance covers all hospitalisation expenses, and emergency evacuation costs (if required). 2. Loss of baggage Losing valuable belongings on vacatio

The total fertility rate in India stands at 2.3 as of 2019. This means that approximately two children are born every 1000 women in a year. However, the infant mortality rate of India still stands at 33% as of 2017, as per Census of India. This can be attributed to the high costs of pregnancy and childbirth, which are necessary expenses to ensure proper all-round wellbeing of your baby. Availing maternity insurance is your best bet for smooth financial planning and execution during labour and delivery. There are several advantages of opting for maternity health insurance during pregnancy: Reduces burden Pregnancy can generate financial stress on people as it comes with intricate expenses such as medicines, doctor appointments, pre and post-hospitalisation care. Pregnancy insurance comes in handy during such situations, providing coverage against hospitalisation expenses, expensive medication, etc. This reduces strain on all expecting mothers, thereby ensuring general well

The journey to parenthood is long-cherished by those who are experiencing it for the first time. The prime responsibility for expecting parents is to take care of both the mother and the baby. As a result, there are several costs incurred during this time. Therefore, maternity insurance can save you from the financial burden and give you the opportunity and freedom to enjoy the journey. Activities like painless delivery vaccination, umbilical protection and many more have made the process of giving birth to a baby quite an expensive affair in India. Hence, insurance to cover all those expenses could be a saviour in such times. Features and benefits of maternity insurance Expenses related to maternity involve the hospitalization charges, nursing, consulting fee and a lot more. The inclusions are mentioned hereunder: Hospitalization It covers expenses concerning hospital room rentals, nursing fee, doctors’ fees, medical tests, and other charges related to hospitalization. P

Having kidney stones is a common ailment in India owing to the cumulative effect of weather, water and diet along with the lifestyle. These stones can have a detrimental effect on the overall functioning of the body by growing in size and obstructing the urine flow. A patient is likely to experience severe pain and discomfort and the surgeries of the same cost a fortune depending on the condition. Therefore, to minimize the financial burden, you can purchase a policy offered under the Pocket Insurance & Subscription category, called the Kidney Stones Cover offered by Bajaj Finserv to get overage for your medical expenses. What does the policy cover? The insurance policy covers the following features: Diagnostics: All the diagnostic charges involved in doing the required tests before the treatment starts. Consultation: Expenses required for consulting the doctor during the treatment procedure is also covered by this insurance scheme. Hospitalization: Charges for hospit

Health complications in India due to old-age is increasing at an escalating pace. This can be challenging for a nation that harbours a considerable share of the elderly population with marginal access to quality healthcare. Thus, to meet with this rising cost of medical care calls for comprehensive financial backing in the form of health insurance for senior citizens . Such tailor-made insurance schemes offer financial coverage to the elderly. Today, almost all of the country’s leading insurance providers offers comprehensive health insurance schemes tailor-made for senior citizens. Reasons to buy a senior citizen health insurance plan Considering the numerous health insurance for senior citizens available in the market, it is up to the policyholder to settle on one that offers the maximum benefits. Here the reasons why one should invest in senior citizen health insurance plan – To gain coverage for all pre and post hospitalisation expenses, which include cost of medicines, d

Settling on an ideal health insurance policy can prove instrumental in providing the much-needed financial assistance in case of medical emergencies. As these are unavoidable situations, hence, investing in a proper health cover must be at the top of your financial planning. Aligning health needs with your financial goal is vital Pre-medical conditions like cardiovascular diseases, diabetes and respiratory diseases, among others, are on the rise from the sedentary lifestyle and polluted environment affecting health adversely. Considering the healthcare expense skyrocketing in the last couple of years, an unforeseen medical emergency or Illness can drain one’s savings. Therefore, when you plan your financial road map, a comprehensive health insurance policy from a reputed insurer can provide essential financial freedom and support your future financial goals. Acknowledging the nature of medical emergencies With a health insurance policy , the policyholder can focus on

Bajaj Finserv now offers a range of insurance policies under the umbrella of Pocket Insurance & Subscriptions. When you avail a Pocket Insurance & Subscription like Cycle Insurance, you get to enjoy the following benefits: 1. Substantial sum assured You can enjoy coverage of Rs. 25,000 and up to Rs. 50,000 against a minimal annual premium of Rs. 899 and Rs. 1499 for damages caused to your cycle. Additionally, you can also claim accidental death coverage of Rs. 2 Lakh and up to Rs. 3 Lakh respectively per year depending on your requirement. 2. Broader coverage Accidental damage- You can avail financial assistance for any damage caused to your cycle due to accidents. Also, you can claim coverage for accidental deaths occurring at the time of riding the cycle. Burglary or theft- For damages caused to your cycle due to theft or burglary, you can claim coverage under this cycle insurance scheme. Fire and other incidents- You can enjoy financial assistance to bea