All Insurance News and Plans

How to transfer your bike insurance online Having bike insurance has become a necessity in today’s dynamic scenario. Also, the government's mandate has made it compulsory to have third-party bike insurance to drive on Indian roads. The bike insurance will effectively bridge the damage rectification cost and legal liabilities effortlessly without creating much hassle for the vehicle owner.  While selling your old bike, transferring your bike insurance to the new owner is very important to avoid unnecessary complications. Most people tend to transfer their bike registration and forget to transfer the insurance. This article has mentioned all the necessary details you need to know about transferring your motorcycle insurance online.  Why is transferring your bike insurance important? When you sell your old bike, it is mandatory to transfer the bike insurance to the new owner to avoid legal liabilities. If the vehicle insurance is not transferred, the insurance provider will decl...

There has been a long-standing debate between individual and group health insurance policies or corporate health insurance. The Government of India has recently made it mandatory for all employers to have a group health insurance policy for their employees. This decision has seen a significant spike in companies from different sectors buying group health insurance policies.  We all know how important having insurance is in today’s world. Although, companies are discussing the validity of group healthcare insurance policies as it can be a big expense for them. Before investing in an insurance policy that will be useful not only for the employee but also for the employer, it is important to know its benefits for both of them.  Benefits of a Group Health Insurance Policy for Employers A group health insurance will cover the medical expenditure of employers as well. The company's size does not matter as the benefits of the policy are the same. The Employer can also claim the prem...

Having third-party vehicle insurance has been made compulsory by the government through the mandate of the Motor vehicles act of 1988. Be it a personal or commercial vehicle, every vehicle owner must have this insurance to drive on Indian roads. Numerous motor insurance options are available for commercial vehicles in India, but many people aren’t aware of it. Now you can get your commercial vehicle insurance online without any hassle. This article has listed some commercial vehicle insurances available in India.  What is commercial vehicle insurance? The vehicles used for commercial and business purposes not registered as personal vehicles come under the category of commercial vehicles. The insurance policy for taxis, autos, trucks, buses, ambulances, multi-utility vehicles, tractors, and other commercial vehicles are termed under the tag of commercial vehicle insurance policies. Now, from the comfort of your home, you can get commercial vehicle insurance online .   Types o...

While purchasing insurance for your iPhone, you have two options. You can buy AppleCare+ from Apple or an iPhone insurance cover from a third-party insurer.  AppleCare+ is an accidental damage insurance policy that usually has a plan period of two years. The price of AppleCare+ varies with the model. For the iPhone Pro series, it stands at around Rs.27,000, and for iPhone 13, 13 mini, 12, 12 mini, and 11, it costs about Rs.17,000. For iPhone SE, AppleCare+ costs Rs.9,900. AppleCare+ offers up to two accidental damage protection every 12 months to your device and its battery. And at each occurrence, it charges a sum as a service charge from you; Rs.2,500 as service fees for minor screen/ back glass damages, and for other damages, it can go up to Rs.8,900. In India, AppleCare+ does not offer loss or theft protection. On the other hand, many insurers provide iPhone insurance coverage, such as Mobile Protection Plan for iPhone from Bajaj Finserv, at a much lower price and ample benefi...

As we are moving to a more sedentary lifestyle, it is clear that there are increasing cases of critical illness. It costs a major chunk of your money to treat any critical disease, and it ends up messing with your financial goals. Therefore, it is important to purchase a critical illness insurance plan for yourself and your family. It is the need of the hour with the constant increase in the cost of medical treatment.  We often estimate our life plans and work accordingly. Although, life is unpredictable, and most of our estimates might not always bear fruit. A critical illness insurance plan saves you financially from these unpleasant and unexpected events. It acts as a life saviour in our most difficult times.  It is important to read the positives and negatives of any critical illness insurance plan.  What is a Critical Illness Insurance Plan? A critical illness insurance plan is a type of health insurance plan that covers critical diseases or illnesses. We should che...

It is estimated that 62% of individuals pay for their medical bills from their savings. Most of them are either unaware or have not purchased health insurance because of various reasons. Therefore, they do not plan their medical expenses. They are also alien to the benefits of purchasing health insurance, not to mention the saving of taxes from them. Health Insurance premiums can be claimed as a deduction while filing your Income Tax returns. These include medical cover from uncertain diseases and accidents. An individual can claim a maximum of ₹25,000 as a deduction under section 80D. A senior citizen can claim up to ₹50,000 as a deduction. The deductions vary as you buy different plans based on you and your parent's age with the maximum deduction being ₹1,00,000 subject to terms and conditions. Under the same section, you can avail further benefits of ₹5,000 for preventive health check-ups.  Type of Plan There are different types of health insurance plans that you can buy from- I...

A cashless insurance policy is where policyholders need not pay anything to avail of any service that falls under that particular insurance policy. In the case of a vehicle insurance plan, individuals can complete any repairing and replacement work done without paying money. However, a point to remember here is that this facility is only available through network garages. Therefore, if you are opting for a car insurance renewal online, do not forget to check the number of network garages a policy provider has, and then choose accordingly. How to avail of the benefits of a cashless insurance plan? Now that you have a brief idea of what a cashless facility is, it is equally important to learn how to use this facility to your advantage. After an incident, the process is quite simple: take your vehicle to the nearest workshop that has an affiliation with your insurance company. Once your vehicle is diagnosed, and an estimation is available of the damage, let the garage know about your ...