All Insurance News and Plans

Having a health insurance policy is not about covering healthcare costs; it brings a lot more than that. Especially, the peace of mind it offers has no comparison. Nonetheless, the importance of a healthcare plan does not end here, and one should know about them in detail to make the most of availing one. 5 Important benefits of health insurance It covers more than just hospitalization expenses Modern health insurance plans offer more than just hospitalization expenses; the focus here is to provide a comprehensive yet affordable policy. In this regard, they pack-in coverage against pre and post-hospitalization expenses, doctor’s fees, diagnostics tests, etc. Opt for a cashless facility Usually, insurance providers have affiliations with different hospitals, and if an individual decides to get admitted to that particular hospital for treatment, he/she will receive the benefits of cashless treatment. Here, patients will get their necessary treatment without worrying about lengthy paperw

According to the Motor Vehicles Act of 1988, it is mandatory for vehicles plying on Indian roads to possess car insurance policies. In this regard, general insurance companies have curated various car insurance plans that offer financial coverage against any unforeseen incidents. There are several insurance providers in India offering a host of products, but categorically their products are of three types. It is crucial to know about these policies to choose the best insurance policy in 2021 – Comprehensive coverage plans Third-party insurance plans Own damage cover Comprehensive coverage plan Insurance policies like these provide extensive coverage for liabilities arising in the due course of an array of unforeseen incidents. It includes both natural and man-made calamities.  Moreover, these policies are inclusive of third-party liabilities to limit your financial burden in case of any injuries to individuals or damages to other's properties. Along with this, it also provides a pe

While facing the challenges and hustles of your day-to-day life, you might lose or forget your car or home keys somewhere. Also, your important keys might be stolen during the event of a home burglary. You might get cover for your financial losses from home burglary insurance but the replacement of your home and car keys also cost significantly nowadays.  To provide relief from such incidents, Bajaj Finserv has come up with a Key Replacement Insurance Cover policy. As per this policy, all the expenses that are required to replace or recreate your home/car keys will be borne by the insurer. Apart from the cover for the fee charged by the locksmith, this insurance cover provides these benefits: Car rental cover  Sometimes, it takes a long time to create a new set of car keys. The car rental charges that you will have to bear for your commutation during this period will be covered under this insurance policy.  Card blocking services  If you lose your wallet or purse then your financial d

Online frauds and fraudulent transactions are rampant these days. To protect your wallet from online frauds like phishing, unauthorized transactions done by ATM cloning, skimming, etc. Bajaj Finserv has launched a CPP i.e. Card Protection Plan in India. The important features of this plan are discussed below: Comprehensive coverage  The CPP in India insures coverage up to Rs. 2,00,000 if you become a victim of any kind of online fraud. It includes a wide range of fraudulent activities such as ATM frauds, tele-phishing, pin-based scams, etc.  Also, complimentary fraud protection of up to Rs. 25,000 is provided for transactions made with or without your payment cards.  Cover for multiple cards  You can include as many cards as you want under this plan. This means that you don’t need multiple card protection plans to protect your various payment cards. Emergency cover  A cover of up to Rs. 1,00,000 is provided if you get stranded during a foreign trip and up to Rs. 50,000 is provided i

It is important to take all the precautionary measures while riding a bicycle so that you don't get injured. Also, taking safety precautions might keep your cycle safe from damages. For example, you should wear a helmet and all the safety gear while cycling. Also, you must follow the traffic rules and try to avoid unnecessary speeding-up especially on irregular or hilly tracks.  Being said that, it is not always possible to be safe and alert. Therefore, you should also subscribe to a Cycle Insurance India policy that can provide financial coverage when someone steals your bicycle, you lose it, or it gets damaged during a ride. A lucrative cycle insurance policy is provided by Bajaj Finserv . The essential features and benefits of this plan are stated below: High coverage amount  Get coverage of up to Rs. 50,000 by paying a premium of only Rs. 1499 that also includes an accidental death cover of Rs. 3,00,000. Or else, you can get a coverage of up to Rs. 25,000 that includes an acci

Superbikes are high-performance machines bearing a hefty price tag and mandating high maintenance and repair costs. Resultantly, the standard two-wheeler insurance policies may not be enough to keep up with the expenses incurred in case of any damage to such bikes.  Thus, opting for tailor-made bike insurance policies is important to safeguard your financial interests in such situations. Here are some reasons why a dedicated insurance plan is crucial for superbikes – Since superbikes are expensive machines, they incur high costs in case of damage. Even though standard policies may cover basic expenses incurred, they may be insufficient here. Regular motor insurance policies may not include adequate own damage and pillion rider coverage, which is vital for any superbike. Crashes involving such motorcycles can cause severe injuries to the co-rider, as well as the bike. Hence, availing a comprehensive insurance policy that covers these instances is crucial in such cases. Superbike-specif

A bike insurance policy is a viable option to avail financial protection against the liabilities that might arise while on the road. Typically, this insurance plan is available in two primary variants - comprehensive and third-party insurance plan.  Following is an overview of each of these two-wheeler insurance plans.  Comprehensive insurance plan  This  motor insurance  plan provides coverage against damages to own vehicle, besides third-party coverage. Such a plan covers almost all instances that can wreak havoc on the vehicle or the rider.  You can claim and settle for any damage caused by accidents, fire, natural disasters, collision, cylinder burst and other pre-defined clauses.  Third-party insurance plan  As per the Motor Vehicles Act, it is compulsory for every two-wheeler plying on Indian roads to possess a third-party insurance policy. In case the insured vehicle collides with a third-party vehicle, property or pedestrian, the insurance company will cover the financial liabi

Since possessing car insurance is mandatory in India, car owners need to purchase a policy alongside their vehicle. However, finding a  car insurance policy that perfectly suits one’s needs is difficult and time-consuming, as it requires in-depth research. Nevertheless, to save time on this front, here is a checklist that one can take note of – Type of policy There are different sub-types of vehicle insurance policy, and buyers need to determine the one they plan to opt for. They have the option to go with a standalone car policy paired with a mandatory third-party liability cover. Else, they can always opt for a comprehensive one that includes all the necessary coverage. Premium amount and coverage extension Before buying insurance policies, be it motor insurance or any other, it is vital to check the premium amount and the accompanying sum-insured. It will help buyers to know about the cost they need to bear to leverage a particular sum in case of any unfortunate incident. Eligibil

The importance of possessing a car insurance policy cannot be stressed enough. It not only makes a vehicle road legal but also helps owners to deal with financial losses during an accident.  However, the myths surrounding such policies have added to the confusion of opting for one. One needs to debunk such misconceptions to make an informed decision. 3 Myths about car insurance policies Here are the top three myths about car insurance plans that one needs to be aware of – Minimum coverage is enough Yes, it is mandatory to avail a minimum coverage, a third-party plan that offers basic financial assistance against a low premium amount. This plan may sound like a solid financial decision, but it is not profitable enough in the long term. For instance, if your own car sustains significant damage, you will have to burn through your savings to pay for its repair. Hence, it is better to opt for a comprehensive motor insurance policy that includes significant coverage for third party and own

As per the guidelines of the Motor Vehicles Act of India, it is mandatory to purchase an insurance policy to make a vehicle road-legal. Apart from being a mandate, it also provides the necessary financial coverage in the event of an accident to both the rider and the associated third party. Insurance providers have curated different types of  bike insurance policies  to meet the different needs of owners. Here are some examples – Third-party insurance plans Third-party insurance plans are purposefully designed to safeguard a policyholder’s financial interest from any third-party liability during an accident. It covers the cost of damages to the other vehicle, property, or treatment costs of injuries sustained by involved individuals. Damages to the vehicle only There are specific two-wheeler insurance policies that only cover the costs of damage to the insured vehicle during an accident. The damages can be due to any man-made event or a natural calamity. Moreover, this policy does not

Offering a comprehensive employee health insurance policy is a great strategy to retain employees. It proves to be beneficial for both employees and employers wherein they can claim tax benefits and leverage other perks as well.  However, before choosing such a plan, employers need to consider a few factors to avail the best option at hand.  Following the tips mentioned an employer can purchase the best employee health insurance policy that provides maximum coverage and a host of additional benefits.  Check the claim process  Getting claims settled on time is a crucial factor that you need to consider as an employer. Since multiple employees from different age groups are incorporated into a single policy, it is essential to check the claim process. Alongside, also consider the exemptions and deductibles that are applicable to such a policy.  Know the hospital network  Employees can avail cashless treatment and other services through an insurance policy only from the pre-defined list o