Insurance agents are often the first point of contact when you are buying life insurance. From briefing on policy features to helping you complete medical formalities and filling up forms, they are supposed to provide assistance in every possible way. But very often, you meet pushy insurance agents, who force you to buy policies, irrespective... Continue Reading →
Here is a question that pops up quite often when buying an insurance policy- “For the additional insurance needs would a standalone policy be advantageous or, would a rider be sufficient”? Where both the options seem to offer similar benefits, there are a few noticeable differences in their coverage and the premiums. So which one... Continue Reading →
An accident could occur anytime anywhere unexpectedly. At work, home, travel or the road, it almost renders us helpless with its grave consequences. The trauma of having met with an accident is almost always coupled with financial losses; of getting treatment, or coping with a loss of income, if any. Does insurance have a solution... Continue Reading →
Insurance companies allow customers to share a portion of the risk associated with the policy. Known as the “deductible” or “excess”, this is a pre-determined amount of the claim that would be borne by the insured. So, when a claim arises, the insured would pay up this deductible amount from his pocket and the balance would be taken care of by the insurance company.
In today’s world of uncertainties, a life insurance policy is an absolute necessity. It provides the much needed financial security in times of any unforeseen event such as death of the bread winner. It supports the family in the need of the hour. Today, life insurance policies have evolved into a variety of forms. From pure term plans, to investment linked protection plans, the options available are plenty.
Health Insurance is a financial tool that protects you and your family from the burden of unexpected medical expenditures. But have you sometimes felt let down or, have been dissatisfied with the service of your health insurance provider? Well, here is the era of portability. After mobiles, the latest entrant is Health Insurance Portability. So... Continue Reading →
No Claim Bonus or popularly known as NCB, is a benefit that is given by insurers to policy holders for claim free policy years. Giving you a high saving of almost up to 65% on your renewal premiums, an NCB is a sure advantage, if utilized well. NCB in Detail- What’s in Store? No claim... Continue Reading →
A term insurance rider is an additional cover that you could opt for over and above your policy. Available at an extra cost (apart from the premium you would be paying for your base policy), riders let you enhance your protection and customize the policy to suit specific needs. Do You Need a Rider? Riders are... Continue Reading →
A situation which probably most of us just wouldn’t want is a vehicle theft. It is not just the financial loss of having lost a vehicle, for most of us it is an emotional attachment too. The good news though is that if you have insured your vehicle, most parts of the financial loss could be overcome. The Indian law mandates all motor vehicle owners plying on Indian roads to have at least a third party insurance cover for damages or loss incurred to a third party on the road.