All Insurance News and Plans

Owning a classic or vintage car tends to get expensive with all the maintenance costs. Since these cars are manufactured a long time back, the chance of component failure is inevitably higher. And, in that case, it becomes way too costly to source the spare parts. Keeping this in mind, to minimise your financial liabilities, it is always better to invest in a comprehensive car insurance plan.   However, before availing insurance plans for your old car, there are certain things a car owner needs to consider. Aspects to consider before investing in a comprehensive insurance plan for old cars Here are some important factors you need to pay heed to before you avail a motor insurance policy for your old car: Insured Declared Value (IDV): Knowing the market value of your old car while availing the insurance plan should be the primary thing to do. The value of old cars automatically depreciates over time, and the IDV gets calculated depending on this aspect. Since your insurance pre...

The health insurance industry has seen significant growth in India. Many companies are pioneering in the insurance sector. They offer a wide range of products in health insurance, comprehensive coverage and various benefits to an individual and family. Bajaj Finance Limited is one of India's best health insurance companies that has partnered with various insurance providers to provide a comprehensive range of health insurance policies in India. It provides coverage against a wide range of illnesses, including COVID19, health cover up to Rs. 50 lakh and cover for medical expenses.  Here are some benefits that some leading insurance companies provide to individuals and families. 1. Wide range of Health Insurance Policies Many leading companies offer a wide range of health insurance policies for catering to the varied needs such as Individual Health Insurance Policy, Family Floater Plan, Child Insurance Plan, Senior Citizen Insurance Plan, Group/Employee Health Insurance Plan, Critica...

Under the Motor Vehicles Act 1988, a two-wheeler insurance policy is compulsory. As a policyholder, one must know how to calculate two-wheeler insurance; in that way, they will get the best value of their hard-earned money.  Insurance premium amount is the first thing one checks while purchasing or renewing two-wheeler insurance. With the availability of a two-wheeler insurance premium calculator, one can easily calculate a two-wheeler insurance policy online . Steps to calculate a two-wheeler insurance premium There are multiple insurance products available in the market, so it is important to calculate the two-wheeler insurance premium amount beforehand to select the best-suited one’s affordability.  Two-wheeler insurance can be evaluated both manually and by using online calculators. For manual calculation, one needs to get the IDV or Insured Declared Value of the two- wheeler, multiply that with the premium value offered by the insurer, which is preceded with the addition ...

Medical emergencies often catch people off guard. When you face a crisis involving a grave illness, the last thing that you want to worry about is treatment expenses. The ever-rising costs of medical procedures and treatments have made medical insurance a basic necessity for everyone. There are several options available to you to decide what kind of medical insurance coverage you seek. Depending on your requirements, you can choose between the various individual, group, senior citizen, and critical illness medical insurance plans. With the variety of insurance plans and the number of insurers providing these policies, you need to know a few points to consider when buying a mediclaim plan to make an informed choice. Sum insured: You need to get enough coverage to carry you through the medical expenses of a year. Try striking a balance between the sum insured and the premium you have to pay to make a wise decision.  Claim process: A quick and easy claim settlement process keeps yo...

The majority of people prefer traditional lavish indoor weddings. As the era changes, people are getting more and more attracted to outdoor weddings. Beautiful scenery and of course, you and your partner will be the center of attraction, which means you don’t need much extra decoration.  Whether indoor or outdoor, there are some risks of financial losses due to unforeseen circumstances. For example, if the wedding gets canceled or postponed due to a natural disaster, an accident happens to the bride or groom or blood relatives, then the huge expenses become a waste. Here comes the need for insurance.  Why should you get Wedding Insurance? Most couples don’t imagine anything wrong with their wedding, but the reality is very different. Anything can happen at any time. It’s better to be prepared. Wedding insurance or Event Insurance is a customized plan that covers all the specific risks related to marriage. Such as – Damage to property and money. Burglary and public liability. ...

Car-owners must renew their motor insurance after expiry. If the insurance policy is not renewed within the grace period, it becomes void, and individuals stand to lose all benefits. Motor insurance companies usually provide a grace period allowing individuals to renew their policies. One can easily renew a car insurance policy online. The following sections provide a detailed guide on car insurance policy renewal online.  Step-by-step guide to renew your car insurance policy online Here’s how individuals can renew their car insurance policies through the online platform: Step 1:  Visit the official website of the insurance provider.  Step 2:  Go to the section for car insurance policy renewal. Step 3:  Provide details of previous motor insurance policy, such as policy number, chassis number, engine number, and registration number. Step 4:  Review policy details and check policy renewal premium. Now, proceed with the payment. Individuals can pay o...

Maintaining good health should be the priority of every individual, but the fast-paced world and modern lifestyle adversely affect health. This increases the need for health insurance and makes it crucial to consider its following benefits:  1.  Preventive medical check-up helps to know about health risks  There is a rise in lifestyle diseases. The fast-paced modern lifestyle is taking people away from healthy living. Stressed out work schedules where people stay in sedentary positions for 9-10 hours daily leave less scope for people to workout. Whether it's rising pollution, avoiding exercise, increasing junk food consumption, or avoiding timely food, all these patterns put people at mounting health risks. Thanks to various health insurance plans, you can protect yourself and your family members. Most insurance providers provide an annual or half-yearly preventive medical check-up facility with their health insurance plans. The capping varies from one health insurance p...

Your phone carries a lot of important information and losing it can be worry-some. Only 2% approx. stolen handset are recovered. Phone theft has become frequent nowadays. Having an insurance cover can keep you financially secure helps reduce stress to some extent. Here is why you should avail of an insurance cover to stay secure against phone theft 1. Coverage for high repair costs 2. Coverage in case of loss or theft 3. Convenience and security 4. Financial security in case of a premium purchase 5. Stress-free usage Know the benefits of choosing a Mobile Device Protection Plan by Bajaj Finance Limited 1. High coverage for your handset (100% of the handset value) at a low premium 2. Coverage for liquid and accidental damages 3. Repair and replacement costs due to electrical and mechanical damage 4. Anti-virus and anti-malware protection 5. Coverage for fraudulent charges 6. SIM blocking facility 7. Auto scan for the downloaded apps 8. Easy online application process 9. Hassle-free clai...