All Insurance News and Plans

In the past few years, health insurance providers have drastically transformed their working patterns, insurance plans, and customer care services to meet the changing demands of the people. One of the significant transformations has been in the field of digitization. Today several insurance providers offer the option of buying your health insurance online . With so many changes happening, even the customers have become more aware and want to opt for an insurance provider that offers extensive benefits and the best customer service. Hence, they may wish to change their insurance providers during an ongoing policy term. There are also other reasons why people want to go for health insurance portability such as- -         A change in the lifestyle such as income levels, health conditions, marital status, etc. -         Detection of some hidden clauses in your current plan that you were unaware of. -         The need for specializ...

Card Protection Plan is your safety shield in case you lose your wallet or your debit/credit cards. The reason being that a card protection plan covers for your immediate needs, financial needs, and even card re-procurement needs in case you lose your wallet. You will get immediate assistance in getting all your debit and credit cards blocked along with SIM blocking assistance if needed. In today’s digitized world we carry less cash and are more dependent on credit/debit cards.  Several people own around 4-5 credit/debit cards and getting these blocked all at the same time can be difficult for an individual especially when you have just found out about your lost wallet/cards. But if you have a card protection plan , all you have to do is call your insurance provider and ask them to get your card blocked. The assistance is immediate and just a call away.  The plan also covers for any financial losses/losses due to misuse of cards after they have been stolen, and the loss is rei...

To estimate the premium of a third party bike insurance or any other insurance for that matter, you will need to take numerous factors into account such as policy type, coverage, add-on benefits, etc. Also, the premiums offered by various insurance companies vary significantly. However, to find the premium of the two-wheeler insurance plans that match your requirements, you can utilize a bike insurance calculator.  A bike or two-wheeler insurance calculator is an online tool that accepts inputs like two-wheeler insurance type, expected coverage, add-on benefits, etc., and returns the insurance plans that match these requirements along with the premium. The following steps can be followed to estimate the price or premium of a third party bike insurance policy : Enter details of your bike  Enter details like bike model number, variant, make, showroom price, etc., and submit it to the calculator.  Submit location details  After that, you can submit your city of registra...

We hate to see our parents grow old but can do very little about it. With old age comes several health concerns like low immunity, weaker bones, and muscles, higher risk of heart problems, etc. It is best to have parent health insurance in place to plan and cover the finances in case of a medical emergency Medical insurance plans for your parents can cover severe ailments and critical illnesses, helping you save a lot on the expense of these high-cost treatments. Additionally, it also provides tax exemptions to a specific limit per Sec 80D of the Income Tax Act. Health insurance for your elderly parents can be availed if they are 60 years of age or above. The cover can be availed online. You can compare parents health insurance with the various medical insurance available for parents and choose one that suits your parent’s needs. Features and Benefits of Parents Health Insurance Plan -         Pre-existing diseases can be covered after a certain waiting period. Ever...

As per the new laws passed by the Government of India, every organization will have to provide medical insurance covers to all its employees post the pandemic. This is a revolutionary step that will ensure that every individual has enough financial support in a medical emergency. It also helps ensure that there is universal healthcare for every working individual in the country, which also reflects on their family.  A group health insurance plan provides coverage for your family, including your child and spouse. You can also include your parents in the group medical insurance cover by buying an add-on benefit based on the insurer's terms and policy. Additionally, you may have to pay an additional premium amount for this benefit. However, you must keep in mind that our parents are at a high risk of contracting a severe illness, and hence they must have a comprehensive cover that provides for all their financial, medical needs. One of the best ways of doing so is by availing a Senio...

Raising a claim for car insurance is a straightforward process but you might need to think twice before claiming it. This is because of the increase in the premium amount and the reduction in the chances of getting insurance later when you require it the most. Also, you will lose the no-claim bonus offer that most insurance companies provide these days.  If an accident occurs due to negligence or recklessness of the third party then it is better to raise four wheeler insurance because it will help you to avoid using your car insurance claim. Also, it is recommended that you consider the deductibles, depreciation, and other factors that can make you pay a hefty charge before raising a claim.  The process that you need to adhere to while claiming for car insurance is explained below: A simple and hassle-free online claim process is offered by many insurers these days. You just have to connect with the support team and inform them about the accident or theft and get your vehicle...

The rising rate of pollution, epidemics, pandemics, and other diseases has highlighted the importance of getting a health insurance cover like never before. A health cover plan will not only provide cover for the medical and hospitalization expenses but will also compensate for the financial losses that you have suffered due to an illness, accident, injury, or medical condition.  Also, subscribe to a health insurance plan that will satiate most of your financial needs during a medical emergency. The important options and features offered by insurance providers are stated below: Complete coverage  Apply for a health insurance policy that includes coverage for maternity expenses, expenses for a newborn baby, medical expenses, pre, and post-hospitalization costs, ambulance costs, AYUSH treatment fees, daycare cover, etc.  Senior citizen insurance policy If you are above 60 years of age then you apply to a senior citizen insurance plan that covers pre-existing conditions and...

If you feel that your current health insurance policy does not fulfill your health care concerns and requirements, you can port your insurance policy to another insurance company or to a different plan that is provided by your existing insurance company. You need to know the following things while porting your insurance policy: Porting of both individual and family health insurance policies is allowed. The new insurance plan or company should provide at least the same coverage amount as your old policy did. The new insurance company or plan must provide you with relief in the waiting period as per the waiting period you had served with your previous insurer.  If you are searching for a credible insurer that offers medical insurance with comprehensive coverage and multiple benefits then you must go through several health insurance policies by using the internet. The following options and features can be utilized while subscribing to an insurance policy through its website: Multiple...

A car insurance policy can be of three types viz. first party and third party car insurance. The first-party car insurance provides much-needed relief to the owner of the vehicle by covering the losses and damages that are caused due to an accident, natural calamity, or man-made disasters like riots or strikes.  It provides the financial liability that you have to face if a third party suffers a health condition, disability, vehicle, or property damaged by your vehicle. Also, it comes with a personal accident cover if you suffer from a disability or death from an accident. Third-party car insurance will minimize your financial liability in case a person suffers from an injury or if his property or vehicle gets damaged due to an accident with your vehicle. You can search for a motor insurance policy online to get coverage for damages due to theft, riots, strikes, terrorism, landslides, flood, terrorism, and other man-made and natural disasters. A car insurance policy can provide th...

Buying cycle insurance is easy, but the process of raising the claim in case of damage contains several details that you must know so that you do not miss out on your claim. Most cycle insurance providers in India provide for accidental damage cover protecting you against any financial damage to your costly electric bicycle. But the Cycle Insurance by Bajaj Finserv also provides accidental death cover in case of the demise of the insured individual as a result of an accident, while riding the bicycle. Therefore, with the right insurance plan, you are covered fully, and that too with a high sum insured at affordable premiums.  Now the question is what are the steps that must be followed in case of a mishap and you want to raise your claim. We have mentioned these below for you- In case you have met with an accident and your cycle needs repair, call your insurance provider immediately. The insurer will send authorized personnel to evaluate the amount of damage caused to your cycle a...

Card Protection Plans have gained immense popularity over the years owing to the rapid digitization which has compelled everyone to carry debit/credit cards everywhere. Any loss of these cards can lead to serious issues of card frauds and banking thefts; therefore, it is important that you have a card protection plan in place which provides financial cover and immediate assistance to you in case you lose your wallet carrying cash, debit/credit cards, and other important documents.  The card protection plan by Bajaj Finserv is your best friend in case you lose your cards/wallet. The premiums are extremely affordable with high coverage. You can get coverage up to Rs. 2,00,000 at a premium of Rs. 699. The plan offers the following benefits- The primary form of assistance that you would require in case of card/wallet loss, is to block all your debit/credit cards. In today’s world, we carry around 3-5 debit/credit and calling each bank to block your cards will be a tedious and time-con...

If you want to subscribe to the best health insurance policy for your parents then you must compare the features and benefits of various senior citizen insurance policies.  You can opt for health insurance for parents without any hassle. Here are a few things that you can look for in an ideal parent health insurance plan: Types of expenses covered  Always verify the types of expenses that are covered by a senior citizen health cover plan. Also, confirm whether the expenses required before and after hospitalization are covered by the policy or not.  Check the waiting period  There might be a waiting period associated with pre-existing diseases or medical conditions. However, this waiting period should not be very long, or else the health cover might be of little help for your parents.  Confirm the coverage and premium   Verify whether the insurance policy offers maximum coverage and also check the range of premium options before finalizing a health insuranc...

Health insurance portability refers to the process where a policyholder switches his health cover from one insurance firm to another. Due to the wide range of health insurance policies available in the market, it has become common nowadays but you will need to keep these things in mind before porting your health cover plan: You must not skip or avoid paying premiums of the existing policy when you are porting your health cover policy as it will result in the rejection of your application. The waiting period gets reduced or minimized if you have already served it with your previous health cover policy.  You must convey your intention of porting to the new insurance provider at least 45 days before the policy renewal or else your application might get rejected.  The new insurance provider will process your application after verifying your documents, claim history, and other details within 15 days once you submit your application.  You can subscribe to an individual, group,...