All Insurance News and Plans

Many people opt for cashless health insurance ensuring enough convenience in getting admitted to the choice of hospital. With cashless facility insurance schemes, the insurance provider settle the bills in case of hospitalization. Moreover, the coverage is quite higher like up to Rs 15 lakh. Let us checkout 5 best cashless health insurance policies to get- Bajaj Allianz Extra Cover- This health policy allows you to get treatment in more than 3000 network hospitals. The policy offer single premium coverage for the entire family. One of the best things is the premium you pay is budget friendly. Apollo Munich Optima Restore Health Insurance- This policy comes with the features like- A wide range of coverage. It offers both individual and family floater policies. Lifetime renewal facility Organ Donor and domiciliary treatment covered E-opinion for critical illness available ICICI Lombard Health Care Plus- Some of the benefits you get with this health insurance pol...

Investment is crucial regardless of how stable one’s job is. Thus, if you are planning to buy an insurance, here are some tips for beginners who don’t know how to approach and start investing smartly. Determine the amount  Calculate how much to save and choose an investment plan that goes in concordance with one’s suitability. It is ideal to save at least 4 percent of the income.   Research about all investment plans  Research about all the investment policies to shortlist the best ones. Some are safer but give low returns while other are risky but hive high returns. Understand safer alternatives  A lay person might find it difficult to invest in sticks as it requires careful analysis and study of the current trend. It is safer to invest in real estates, provident funds, and life insurance investment plans as they involve minimum risk and give assured returns. Invest in more than one plan Do not invest all the money in just one po...

While you opt for two-wheeler insurance it is always reminded that you should renew your insurance from time to time to ensure that it does not lapse. While you should look into the terms and conditions of the two wheeler insurance policy before you opt for it you should always remember to keep track of the time when you need to renew. There are various benefits of renewing your two-wheeler insurance: Makes you a law abiding citizen:  The motor insurance policy you opt for needs renewal from time to time. When you are regular in renewing the terms of your insurance policy, you not only save your policy from lapsing but you are also a law abiding citizen that stands clear of both defaulting and falsehood. Any type of record like that is a blotch on the character of a citizen and it is rather advised to be off any record. Stay insured:  The proper renewal of your motor insurance not saves the insurance and you don’t have to pay extra money to clear its l...

"I love bikes and I want to make sure I am capable of driving one for a long time and thus, I took a long-term motorbike insurance plan instead of a short-term one." This is something one of my friends told me while I was stuck with the dilemma of whether to go for a short-term or a long-term two wheeler insurance. Since having a third-party and a comprehensive two-wheeler insurance in India is mandatory, not buying an insurance wasn’t really an option. Therefore, after a lot of contemplation and through research about the pros and cons, I decided to take a long term two wheeler insurance plan .   Accordingly, if you are planning to buy a bike or are in pursuit of buying a two wheeler insurance for your bike, here are a few advantages of going with a long-term insurance option. Renewal won’t be an issue:  Let’s accept the fact that renewing your insurance policy after every year is quite a conundrum. You not only have to find a good insurance policy , you m...

It’s always good to be aware of the benefits you get by purchasing a particular product or service. This gives you an edge and keeps you prepared at every point of time. The same applies to people planning to or already having a car insurance in place. Knowing the available coverages is always a good thing. You are always aware of the damages you’ll have to pay for and the damages for which you can file a claim. This not only makes you a smart buyer, you also end saving a lot of money which could have been wasted towards covered-damage-expense (expenses which are covered by insurer) payment. That said, if you aren’t aware of the coverages available with a basic car insurance policy, we are here to help you out. 1. Bodily-injury liability:  If your car has injured somebody else then bodily-injury liability-insurance feature will help you out. Also, if you're not the only one using your car, the names of other members using it should be included within the list...

Having health insurance in place is an essential requisite, especially for those prone to face health issues every now and then. Though the importance of health insurance is quite evident, the two primary reasons to subscribe to the product are:- You and your family members (whoever is covered as per the policy) are covered against medical expenses incurred at any point in their life. This helps you save a huge chunk of money which would have been otherwise used to pay those expensive bills if you haven’t had health insurance in place. Medical insurance allows you to claim a tax rebate for the amount paid in a year as premium towards the insurance.  You Must Know - How to claim Health Insurance Plain? Tax benefits for health insurance subscribers. You can claim a tax-exemptions up to Rs. 75000 for the expenses incurred for a dependent disabled person in your family. These deductions are available under section 80D of the Indian Income Tax laws. Please check th...

As per the mandate issued by the Government of India, third-party insurance is a compulsory requirement for every car and motor vehicle owner. Apart from that, the mandate also makes it necessary for automobile owners to have comprehensive car insurance in place. This not only covers the insured from the expenses incurred in a road accident, but the legal financial liability to the third-party is also paid off by the insurer.  So, in and all, having insurance is more than essential. That said, it is equally essential to be aware of your car's value for determining the most suitable auto-insurance coverage. How? Is there a way one can determine the actual value of his/her car before taking insurance? The answer is YES. One always has the option to determine the car’s replace-cost versus cash-value. What is a car’s replace-cost versus cash-value? As the terms suggest, 'actual cash value' is the value of a car at any given point of time. The same is determined w...

Critical insurance plan is one of the few types of health insurance plan available in India. The insurance provides coverage for medical treatment of critical ailments such as cancer, kidney failure, paralysis, a stroke and the like. This becomes absolutely essential for senior citizens above 70 years of age. Why is it necessary? A critical ailment can strike at any time, especially in case of elderlies. And as costs of medical treatments continue to increase, it becomes more important to devise ways to cope up with expenses of a critical illness diagnosis. Thus, a critical illness plan , which covers highly expensive medical problems such as the ones mentioned above, becomes absolutely essential. How to choose the best insurance plan? 1. Maximum coverage available:  First and foremost, check the coverage available. The medical inflation rate is likely to increase in the next couple of years and thus, your critical illness insurance cover should be in accord...

According to the Motor Vehicles Act of 1988, every vehicle plying on Indian roads must have a valid third party insurance. It has a number of benefits as it covers the legal and financial liabilities apart from providing personal accident cover up till the prescribed limit of the policy. To avail an insurance, you can visit the insurer or purchase the third party insurance online which will also help save a lot of money.  What is a Third Party Insurance? It is an insurance policy which kicks in in case of any unfortunate event wherein the insurer pays you for the legal and financial liabilities incurred due to the damages caused by your vehicle to a third party. What this entails is that if your car were to get involved in an accident with another vehicle and you are the one at fault, then any liabilities which you have to pay to the driver of the other car will be borne by your insurance company and paid on your behalf. Inclusions of Third Party Insurance If your...

Life is an unpredictable gamble. No one actually knows what’s going to happen in the next few hours leave alone the future. With rising inflation, it is becoming even more important to secure the future with an adequate health cover. Or, opt for a top up health insurance plan which stretches your cover and extends your threshold limit. This health top up cover can be booked for both corporate group policies and independent mediclaim policies.  How it works? Top up health plans follow a cost-sharing model and are functional in situations where the policyholder has to bear the cost of treatment which is more the deductible limit of their assured limit. When the limit of the insured person’s medical expenses reaches their cover limit the insurer can stop considering the additional treatment costs and this is the time when the top up plan comes into play. It takes care of the medical expenses which cross over the threshold limit of the existing plan. These top up plans o...

There are a number of aspects which one needs to remember when applying for an insurance, even when it is done online. Doing so can help in saving a lot of money. The best thing which you can do is compare the various life insurances available online and compare their prices and features to begin with. Some of the other top tips to save money on both life and non-life insurance premiums include - Tenure The premium which is charged in case of life-insurance plans is usually higher when the tenure is longer. The cash value that is offered is not much when opting for a life insurance that has to be renewed again and again. Moreover, the insurance premium also increases every time it is renewed.  Also, if at any time part of the investment is withdrawn who value is more than the yearly premium, then chances are that it might be charged as taxable income. Thus, it is best to opt for long-term life insurances where there is no scope of the premiums getting increased. Li...

The purpose of a comprehensive home insurance policy is the one that keeps the home protected against calamities in more ways than one. The policy can keep you covered for repair damage and home renovation resulting from the covered damage.  While, a comprehensive home insurance covers any losses due to fire, floods, earthquake and other natural or man-made calamities, Loss of valuable contents of home in case of a burglary, cover for jewellery, valuables, works of art, additional benefit of rent for alternate accommodation or temporary resettlement, and add-on benefits like keys and lock replacement, liability cover, loss of rent etc. When the home goes through a damage such as fire the policy assists you to rebuild or repair the house. It takes into consideration the structures such as a deck or garage attached to your home which will be considered for repair. Not just repair, the cover will also be available for damages to your personal property which can be th...

The earthquakes that hit Nepal in 2015 convinced a lot of people in India that house cannot be secure without insurance. This is because natural disasters can strike any time and to protect oneself from its damaging effects, it is best to have a home insurance .  Such an insurance neither fixes nor prevents damages. What it does is reduces or compensates greatly the costs involved in restoration of homes. It is best to compare what the different home insurances have to offer before opting for one. Also, there are a number of myths regarding home insurance. Let’s dispel a few of them - Act of God Not Covered You need to read out the terms and conditions of your insurance policy carefully. There are a number of policies where any and every damage caused by natural disasters be it heavy rains or thunderstorms among others are covered. Claim Settlement is a Headache This is the biggest myth among all of them. Claim settlement for any house insurance in India is not ...

Despite having a thorough knowledge about how to maintain a healthy life, there are people who commit some major health mistakes every day without even realizing it. To give you a gist, some of them are mentioned below.  1. Not exercising:   Exercise doesn’t mean you have to hit the gym daily or lift heavy weights, doing yoga for 10-15 minutes every morning or going for an early morning is more than enough you’re doing it consistently.  2. Not having a health insurance policy in place:   Not having a comprehensive family or individual health insurance is a cardinal mistake which would cost you your entire savings. The thing is, life won't work as per your plans and so won't your health. Besides, major health problems like cancer, disabilities and blood pressure issues have become very common even amongst youngsters. Hence, you should never take your life for granted nor take your health lightly. As soon as you realize the importance, get on...

Given the ever-increasing number of road accidents, having a car insurance in place in India is an inevitable need. However, before signing the agreement, there are a few things you must consider.  1. Transferring the policy ownership  If you are selling your used car, make sure the policy has been transferred in the buyer’s forum. In addition, ensure to obtain the no claim bonus certificate instantly after the transfer of the policy. Remember, if you are selling the car or buying a used one, the policy has to be transferred on the buyer’s name within the next two weeks of the vehicles sale. 2. Know about the no claim bonus (NBC) Every car insurance has different policies regarding the no-claim bonus feature. You can transfer the policy but not the No-claim bonus certificate. What is No-Claim bonus? No claim bonus or the NBC is the bonus that a policyholder enjoys after the transferring the insurance policy to the new car owner. 3. Always select a reliable moto...