All Insurance News and Plans

When you get a car insurance policy, you have to pay a certain amount every year to maintain its validity. This amount is referred to as a car insurance premium and it varies from one policy to another. The premium of a four-wheeler insurance plan is calculated based on several factors. One of the key factors is the price of your car.  Read: Zero Depreciation Car Insurance: Features, Benefits An expensive car contains expensive parts and high-end technology and replacing or repairing it after an accident will be a costly ordeal for the insurer. Due to this reason, the insurer might charge a high premium for your vehicle. The other factors that can affect the cost of a car insurance premium are given below: Age of the car  If you own an old car model, it might get damaged easily during an accident. Therefore, insurance providers do not accept cars that are too old or might charge a heavy premium for accepting a car that is old or not in great condition.  Coverage  Man...

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price  If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of ...

While getting a bike or car insurance policy is of utmost importance, it is also smart to find ways for reducing the premium that you need to pay to buy and keep the insurance valid. You can compare four-wheeler and two-wheeler insurance policies of different insurance providers to find a policy that can provide the maximum benefits at a minimal cost. Moreover, you can even save money while renewing your car/bike insurance policy by using the below tips and also by applying for best renewable car insurance: Redeem your NCB  NCB i.e. No Claim Bonus suggested that you have driven safely throughout the year without getting involved in any major mishaps or accidents. You can use your accumulated NCB to avail attractive discounts during policy renewal.  Choose a higher deductible  Many insurers will allow you to choose the deductible limit i.e. the amount that you will be paying from your end against the claim amount. Choosing a higher deductible amount might help you to avai...

With COVID19 spreading, 2021 proved to be a period that demanded individuals change their way of living. With increasing medical assistance needs, the demand for health insurance plans increased.  The health insurance plans serve as the cushion against sudden arising emergencies. Proper healthcare and access to complete medical care facilities are essential for every individual in 2021.  So, if you are planning to get a health insurance plan, then know the top reasons that might help you make the prompt decision. Reasons To Take Health Insurance Currently, the sale of health insurance plans has spiked up at an incredible pace. But if you are still looking for reasons to buy the health insurance plan in 2021, here are the top ones: For the emergency medical assistance and quick support The medical need can arise at any time, and with various diseases spreading, the demand for the same is relatively high. Health insurance plans protect the insured with its multiple features a...

Laptops are no more just a gadget today, they are the major source of revenue for most of the people in the country, especially with the work-from-home environment now. A good laptop costs anything between Rs. 40,000 to Rs. 1,50,000 and any damage to it is a major financial loss because of high repair costs. This is the reason why laptop manufacturers provide warranties, but this warranty is limited only for a period of a year. Post the expiration of the manufacturer warranty, your laptop is left vulnerable to damage costs that you have to bear on your own.   This is the very reason you need to have a laptop insurance in place. With laptop insurance that provides a laptop extended warranty, you can keep your laptop repair expenses well-managed, even after your manufacturer warranty expires. With an extended laptop warranty, you get the best coverage for your laptop which includes benefits that are not otherwise covered in your manufacturer warranty. These are listed below....

The question of whether to go for a portable AC or a window AC can be resolved once you develop a basic understanding of the working of these ACs and also evaluate your needs. Both the AC types can work best for different people under different circumstances. There are several AC brands in the market. To find the best ACs you can choose from the below list of best AC brands in India which includes- Samsung Voltas BlueStar Haier Diakin LG Whirlpool An average AC of 1.5-ton works best for your home needs. Now to understand how a Portable AC or a Window AC works and the benefits of the two, see the table below- Window AC Portable AC Installation is easy and it is placed outside you living space making it clutter free  Easier to install as it only has a small exhaust that needs to be placed at an exterior location Cannot be moved from one place to another Can be moved from one room to another very easily Low sound  Low sound Energy efficient Energy efficient If you look at the ta...

Electric bikes/ e- bicycles in India have become very trendy in the past few years. This is because people have become increasingly conscious of adapting a sustainable lifestyle, thereby becoming responsible towards the environment, which has led to this gradual psychological shift. Today, even the most influential individuals and CEOs have adapted to the trend of riding an electric bike to office or for their daily chores.  This shift is because of the several benefits that electric bicycles/bikes have, but these electric bicycles are quite costly and any damage to them can drain you financially. Hence, an important tip is to buy an insurance cover for your e bicycle. The insurance cover provides coverage for the cost of repair of your cycle in case of any damage caused due to an accident, fire, riots etc. An insurance cover also protects your bicycle against theft or burglary. It provides you with accidental death cover, ensuring the financial security of your family. One of the...

An air conditioner is a basic necessity in several parts of the country like Nagpur, Ahmedabad, Jaipur, Delhi etc., where the summer temperatures go as high as 55 degree Celsius. ACs have been built keeping in mind the necessities of different individuals and hence, every AC model has its own unique characteristic based on the brands that you chose from.  Majorly there are two types of ACs- Split AC and Window AC. A spilt AC is the one with two separate units, one of which is placed inside and the other carrying compressor and condenser is placed outside. On the other hand, a window AC has a single unit placed inside the room. Split AC incur high installation cost than window AC, but a split has its own advantage like it has very minimal noise and is energy efficient providing optimal cooling. These easily blend with your home décor as the unit carrying the not so aesthetic parts like compressor and condenser are placed outside the room. The best split AC in India are offered by Sa...

It is always mentioned in the insurance policy documents that one must raise a claim within 24 hours after an accident. Though many people know about this rule, some people think that they can raise a claim anytime after an accident. Delaying bike insurance is not a wise idea as it may lead to the rejection of your claim raised by you.  The chances of delaying a claim increase if you have not read the policy papers properly. Also, sometimes, you might not be able to contact the insurer within 24 hours because of injuries sustained during the accident. If you can produce proof and details about the injury, the insurance company might consider it as an exception and process your claim. Insurers do not accept claims raised after 24 hours of the incident due to these reasons: Fake cases  There have been many fake claims in the past where the insurance holders have tried to use delayed claims to plant fake proofs and evidence. In case of late claims, the insured gets time to creat...

To take care of the health needs of your family, you should get a family health insurance policy. However, it might be hard to find a family health care plan that offers comprehensive coverage at a reasonable premium. Also, due to the several health insurance plans that are similar when it comes to features, you might get confused while choosing one among them. To pick a health care plan smartly, you can consider these factors: Co-payment condition  The sum insured offered by a health insurance plan should be sufficient for covering the medical expenses of your family. However, it might not always be possible as some medical treatments have a much higher cost. In such cases, you should choose medical insurance that offers the least co-payment percentage when the treatment exceeds a particular value.  Pre and post-hospitalization expenses  A family health care plan that offers total coverage including hospitalization expenses, pre and post-hospitalization charges, mater...

Covid-19 has made everyone skeptical, and they are resorting to any and every way of getting rid of it. In this quest, people are adapting to some really crazy ways of doing so without verifying it. There are myths all around and owing to social media these myths have gone viral and people have started believing these, which can prove harmful.  Therefore, it is important to always distinguish between facts and myths before applying anything new in your life. In this article, we will bust a few myths about Covid-19- Hairdryers can kill coronavirus - While it is said that heat lowers the transmission rate of Covid-19, but that is not proven, and it does not mean that hair dryers can help you get rid of Covid-19. Rather unnecessarily blowing hot air on yourself will only prove harmful for your skin.  The hot and humid climate will prevent covid-19- This is absolutely incorrect. If that would have been the case, the coronavirus cases in Delhi would be much lower than they have be...

A top-up health insurance plan also referred to sometimes as add-on cover might be required in case your existing health care policy does not provide sufficient coverage. By choosing the right top-up health care plans, you would be able to receive the benefits of an extensive health insurance plan without paying a high premium. The importance of using top-up health insurance plans is highlighted in the below points:  Economical  Top-up health care plans are less expensive as compared to regular health insurance plans. Therefore, you can add them as a top-up to your existing individual, family, or group health insurance plan.  Negates the need for policy transfer  If your current health insurance policy does not fulfill your requirements, you don't have to think of switching to a new policy as you can renew your current policy and enhance its coverage by opting for the necessary top-up health care plans.  Increases the coverage of a basic insurance policy  ...