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  • Top 5 Family Health Insurance Plans in India

     

    Family is a prized possession and therefore everyone tries and does what's best for themselves and their families. When it comes to health insurance plans too, family floater plans are hugely popular because these plans cover the entire family under one umbrella. A single policy is issued covering all the family members with a single sum insured and a single premium amount. You can cover yourself, your spouse, dependent children and dependent parents under a family floater plan. Each covered member enjoys the sum insured jointly as well as independently. Premiums are cheaper compared to individual health plans for each family member.

    Because family floater plans are very popular, there are many insurance companies which offer a family health insurance plan. Among the multitude of plans available, here are the top 5 family health insurance plans for you to consider:

  • List of Top 10 Travel Insurance Companies in India

     

    Travel insurance provides a comprehensive scope of coverage against unforeseen contingencies which you encounter when you travel. These contingencies cause financial loss against which a travel insurance plan provides compensation. As such, many individuals prefer to secure their trips under a travel insurance plan when they travel. Given the benefits provided by travel insurance, there are a lot of travel insurance companies in India which offer different types of travel insurance plans. Amidst dozens of travel insurance companies in India, selecting the best is always a difficult task. That is why here is a list of top 10 travel insurance companies. You can choose the best travel insurance plans from these below-listed companies.

  • List 10 Best Car Insurance Companies in India

     

    The Indian car insurance market has various players offering a car insurance policy. When you set out to buy car insurance for your car you would find multiple companies offering their plans. Do you feel confused about choosing the best car insurance company?

    Don't feel confused any more. Here are top 10 car insurance companies in India today which offer the best car insurance plans:

  • Health Insurance Claims Ratio of the Insurers in India

     

    When you compare health insurance plans and health insurance companies, you look at the coverage features offered, premium charged, number of tied-up hospitals, etc. But, the health insurance claim ratios are often ignored. The main reason for ignoring these ratios related to health insurance claims is a lack of knowledge. Since the ratios are calculated using a specified formula, many of you give it a miss either because you don't know the formula or you don't have the data at hand. However, these ratios about health insurance claims should be a parameter of comparison between different health insurance companies.

    There are two types of health insurance claim ratio. One is the claim settlement ratio and the other is the incurred claims ratio. Let's understand what these ratios mean in the context of health insurance claims:

  • Best Student Travel Insurance Plans in India

     

    A student travel insurance plan is a useful tool for students who are travelling abroad for higher education. Going to a foreign land is a risky affair where any contingency is bound to put a hole in the pockets of the students or their parents. That is why, many international universities insist on a mandatory overseas health insurance cover on the student's life before granting admissions. Student travel insurance plans in India provide the required medical coverage and other coverage benefits which makes international education risk-free for students.

    Given the benefits of student travel plans, many insurers offer such plans. Choosing the best student travel insurance plan amidst many is a challenge. However, here are two of the best student travel insurance plans for aspiring students which not only provide a comprehensive coverage, they also involve lower premiums. So, for getting a student travel insurance plan let's explore the best plans available:

  • Benefits and Features of Car Insurance Policies

     

    Most of you know that a car insurance policy has been mandatory by the Motor Vehicles Act, 1988. But, do you know about the benefits and features of such plans?

    Many don't. They simply buy a car insurance plan because they are mandated to do so. But, besides being mandatory, a car insurance plan also has many benefits and salient features. Let us exploreits benefits and features:

  • What are theBenefits of Group Medical Insurance Policy for Employees?

     

    Group health insurance policies cover a certain number of people together under a large health insurance umbrella. A group plan is commonly taken by an employer for all their employees. There are many benefits of group health insurance. Read on to know more.

  • What Does Travel Insurance Cover?

     

    Travel insurance is an excellent form of general insurance. It allows you to travel to the different corners of the world in a safe, secured and hassle free manner. A travel insurance plan covers your trip and keeps you protected against many unfortunate incidents that can happen while travelling. You can buy travel insurance plans online or offline as it is widely and easily available. It is important to choose a good travel plan with a comprehensive cover. However, all travel insurance plans have their lists of covers. It is vital for you to go through the inclusions and then choose an appropriate plan.

  • The Most Asked Travel Insurance FAQs

     

    Travel insurance is one of the most commonly purchased forms of insurance across the world. In fact, it is often a mandatory requirement to buy a travel plan and you won't even get a visa without it! There are however some common doubts that many people have regarding travel insurance. If you too have some doubts and want to get all the confusion cleared, take a look at the common travel insurance FAQs and their answers mentioned in this article.

  • Claim Settlement Process of Multiple Family Floater Health Insurance Policies

     

    We humans always find pleasure in quantities, our mantra being ‘more the merrier’. Who is satisfied with only one of anything? Even in case of health insurance plans we tend to hold more than one policy to ensure a comprehensive coverage. With the medical costs touching the roof, holding multiple plans is even recommended by experts. So, yes, when you talk about a family floater health plan too, you can have more than one insurance plan in place to cover your family’s health insurance needs.

    Multiple floater plans are beneficial because there is a lower chance of exhausting your Sum Assured if there is another policy at your disposal. Given the rising healthcare costs and level of under-insurance in health covers, it would be advisable to go for additional protection plan.

  • What is Group Mediclaim Insurance Policy and Its Benefits for Employees

     

    Employees are the most important assets for an organisation. As an employer, your priority would be to ensure their well-being for financial and practical reasons.

    Group Health Insurance covers the employees against expenses due to illnesses or accidental injury. The employees may belong to organizations with number of employees more than 20 like banking institutions, multi-nationals orSMEs including both financial and non-financial institutions.

    The size of the group can be either small or large as per the requirement.The members can also be covered under different sub-groups with varying sum insured. The conditions for such classification of employees into sub-groups will be decided by the employer or group administrator based on their position or risk category.

  • What is Fire Loss of Profit Insurance Policy

     

    A major accident at a business premises cannot only destroy the assets but also bring the business to a standstill, leading to loss of gross profit.Depending on the size and nature of business, it can be severalmonths before the business can get back on track. This is usually a period of great financial stress for businesses, as fixed expensessuch as rent, remuneration of employees, etc.continue to accrue regardless of the extent of damage and production loss.

    Consequential losses to the insured business are specifically excluded under a standard Fire and Special Perils Insurance policy that covers only physical damage to the assets. This is where a Loss of Profit Insurance policy is useful, as it covers the loss of Gross Profit of a business arising from an insured loss under its Fire policy.

  • A Complete Guide to Family Travel Insurance

     

    Travelling with your family is always a relaxing experience. But, travelling to a foreign land involves going in unchartered territories. If you face a medical emergency, an accidental contingency or any financial hiccups you need assistance. But who would extend assistance in a place where you don’t know anybody? A family travel insurance plan comes in handy as it provides assistance in case of medical and financial emergency.

    Do you know what a family travel insurance plan is and how it helps? If you don’t, don’t worry, here is a complete guide to family travel insurance. However, if you do, refresh your knowledge!

  • 3 Reasons: Why you should compare health insurance plans

     

    Health insurance is one of the most important forms of insurance. As a result, everyone needs a good health insurance cover. Thankfully, there are many options to choose from and you are sure to find an appropriate plan to cover your health. It is however very important for you to find the best possible cover among all the options. A good way to do this is by comparing all the health insurance plans.

  • What factors or parameters one should consider before buying health insurance?

     

    Health insurance buying process is quite confusing with the various options available in the market. Below are the factors to be considered to ease the process:

    Claim management process: Efficiency of claim process is the key factor to be considered. Higher claim settlement ratio and speedy settlement process shows how efficiently insurer is managing the claims.

    Network Hospitals: Check the list of network hospitals to ensure best hospitals with advanced technology for treatment are included. Cashless facility with wider network is a vital factor that will give you a peace of mind.

  • 3 Simple Steps for Making an Insurance Claim

     

    Buying an insurance plan is not enough. You need to know about the claim settlement process too. The ultimate aim of buying an insurance policy and paying the premium is to get claim settled when a need arises. If the claim is not processed properly or it is rejected, the entire purpose of buying insurance stands defeated. So you need to know how to successfully make a claim. Thankfully, the process is very simple these days and if you are a little organised and disciplined, your job will be completed on time. Take a look at this article to know about the three simple steps in which you can successfully make a claim on your insurance plan. .

  • What Travel Insurance Does not Cover?

     

    Travel insurance is a part of general insurance. That allows you to travel to the different corners of the world in a safe and secured manner. The plan covers your trip and keeps you protected against many unfortunate incidents that can happen while travelling. It is vital for you to go through the exclusions and then choose a travel insurance plan accordingly.

  • What are the benefits of Office Package Insurance Policy?

     

    The office is an integral part of every business unit as it is the place where managerial, administrative and executive work is carried out. The office premises represent the face of the company. Does it, however, require an insurance policy?

    Yes, it does. The office is, usually, a rented space which contains a lot of equipment required for the daily business operations. In case of any loss to the office premises, the business stands to lose money. As such, an office insurance policy is required which would cover the losses suffered by the office.

  • What Damages are covered under Commercial General Liability?

     

    Every business organisation faces a multitude of risks in its day to day operations. That is why there is fire insurance policy which guards against fire and related perils, directors and officers liability policy guarding against the mistakes made by the company's directors and officers, workmen's compensation policy for compensating the company's workers, etc. But what about general liabilities which the company faces against third parties? Which policy covers these financial liabilities?

    A Commercial General Liability insurance policy does. The policy covers liabilities which a business might face because of unintentional losses or damages caused to any third party. A Commercial General Liability insurance policy has a wide scope of cover.

  • What is Workers Compensation Policy and How does it Work?

     

    Human touch is quintessential to every business organisation no matter how automated it is. Right from production to making executive decisions, employees and workers are required by businesses if they are to function smoothly. When it comes to employees, one cannot ignore the possibility of accidents, injuries and death which might occur during the course of employment. In these contingencies, business units are legally liable to compensate the employee or his family for the loss suffered. This legal liability was imposed on organisations through the Workmen's Compensation Act which was passed in the year 1923. Since the Act came into effect, it has been monitoring businesses and protecting the rights of employees to claim for compensations arising out of bodily injuries or death due to their employment.

  • How to Make a Claim for Marine Insurance Policy

     

    Marine insurance is a wide concept. Basically, it provides coverage for marine risks. It covers financial losses that may arise due to damage or loss of goods in transit on hull, cargo, ships, terminals or any transport or cargo. Marine insurance policy is very important for the financial integrity of the business that involves shipping of goods. Choosing the right plan and knowing the claims procedure are essential to act on the event efficiently.

  • Why You Should Consider a Cancer Insurance Policy?

     

    Cancer is a serious health problem that can be life-threatening as well. Early intervention is therefore crucial. Also, regular screenings and diagnostic tests are important as they can stop the cancer from harming you too much. However, if you still happen to get affected by the disease, you have to go through some very expensive treatment routines. Thankfully, these days cancer is covered under the health insurance umbrella. In this article we speak about the health insurance options available for cancer cure and prevention in India. Take a look.

  • Want to know why insurer deducting some amount from car insurance claim

     

    A car insurance policy is a contract of indemnity. It compensates for the financial loss suffered by you in case of an accident. The principle of indemnity states that you should not make any profit or loss from insurance. Through the insurance claim paid you should be reverted back to the same financial position which you had before suffering the loss or damage. That is why, when a car insurance claim is made, the claim settled is lower than the actual cost of repairs incurred.

    Many of you might feel cheated when your car insurance company does not settle your car insurance claim completely. But you should not. There are, in fact, justifiable reasons for deducting some amount from your claim. Want to know what these are? Let's find out :

  • If repair cost is too high, can insurance company ask you for higher copay?

     

    A motor insurance policy is a mandatory insurance cover which your vehicle is required to have if you plan on using it on Indian roads. The Motor Vehicles Act, 1988 mandates a motor insurance policy on every type of motor vehicle. That is why, like it or not, you are supposed to buy and renew your motor insurance policy every year so that your vehicle has a continuous cover.

    There are two types of motor insurance policies. One is the mandatory legal liability cover which protects you financially if your vehicle harms a third party or property and you become liable for the damages. The second is a comprehensive motor insurance policy which covers legal liability as well as any damages faced by you or your vehicle. A comprehensive policy is more effective as it pays for the repair costs when your vehicle suffers any damage.

  • Best practices of keeping your vehicle in good conditions

     

    We all love our vehicles, don't we? Whether we buy a two-wheeler or a four-wheeler, our vehicle not only serves the purpose of conveyance, it is also held close to our hearts. Perhaps that is why, a minor dent has the potential of increasing our heartbeat several notches higher, doesn't it? Though you might be very zealous in keeping your vehicle safe and sound, uncertainties come unannounced. Any other vehicle might ram into your vehicle and cause damages. Moreover, sometimes, the way you drive might also pose threats to your vehicle's safety. There are other countless reasons why your vehicle might suffer damages. Then, how can you keep your vehicle in good conditions?

    Though you cannot avoid unannounced perils, there are some ways in which you, as a proud vehicle owner, can keep your vehicle safe and in good conditions. Here are the ways :

  • Can I get cashless claims only if I have bought policy from the dealer?

     

    Where do you buy your vehicle from? You buy it from a dealer, right? Since a motor insurance policy is mandatory with every type of vehicle, the dealer usually attaches an insurance policy to the vehicle when it is bought. This also reduces the hassles on your part to search and buy a motor insurance policy. But, does the policy bought from the dealer also ensure a cashless claim settlement?

    There is a process which should be followed when it comes to making motor insurance claims. If you follow the process and make a claim, not only would your claim be settled smoothly, you can also avail a cashless claim facility. Do you know the claim process? Here is how it goes :

  • How Total Constructive Loss is calculated?

     

    Though you love your vehicle very much and protect it against any damaging contingencies, there are instances when your vehicle is damaged beyond repairs. What do you do in such situations? Do you get your vehicle repaired or do you replace your totaled vehicle with a new one?

    Though a comprehensive motor insurance policy covers the repair costs incurred in case your vehicle suffers damages, there is a concept of Total Constructive Loss or Constructive Total Loss. Do you know what it means?

  • Why does a Business traveler need Travel insurance

     

    Business activities often involve travelling and that too to international locations. But what if the trip goes wrong due to unavoidable circumstances? Your business not only suffers a financial setback, your business trip is also affected hampering the profitability of your business. A medical emergency, personal liability against injuries to a third party, loss of baggage, etc. are some common threats associated with a business travel. A business travel insurance plan helps a business traveler meet with these threats and more.

    A business travel insurance policy is a great help in protecting a business travel against unforeseen emergencies. The plan allows the necessary coverage features and is also cheap. Do you know the coverage features available in a business travel plans? Let’s find out:

  • Group Travel insurance for Organizations

     

    You must have heard about group mediclaim polices or group personal accident policies which employers usually take for covering their employees. But, have you ever heard about group travel insurance policies?

    Yes, a group travel insurance plan is a less known insurance plan which employers take for their travelling employees. These plans provide all the basic coverage features which a regular travel insurance plan provides and covers international travel. There are two distinct types of group travel insurance policies available in the market. Let us understand these variants in details before we discuss the coverage features.

  • Why company sponsored group health insurance plan i s not enough

     

    An employed individual, besides earning a stable salary every month, also gets various other employment related benefits. Gratuity, pension benefits, fringe benefits, leave encashment, etc. are all entitlements which an employee is entitled to. Moreover, employers also provide their employees coverage under a group health insurance plan. Not only employees, their immediate families are also extended coverage under the group health plan. Premiums are often paid by employers and employees enjoy free coverage. Due to this cover, many individuals feel that they do not need a separate health insurance plan for themselves. Is the sentiment correct?

    Well, if you are also wondering if your group health cover is enough and you do not need a separate plan, ask yourself these questions first -

  • Know About the Used Car Ownership and Insurance Transfer

     

    Many of us buy a used car for various reasons. For some it is because of financial constraints that they cannot afford a brand new car. For others a used car fulfills a second mode of conveyance as they already have one car. Moreover, used cars let us buy premium model of a car at lower rates too. Buying a used car has also been simplified as dealers have gone online where you can select a car of your choice from the comfort of your own home. You also get used car loans for buying a used car. Though buying a used car is easy, do you know the formalities involved in getting the ownership and insurance on the car transferred?

    Buying a used car is not that simple as you have to take care of the technical and legal matters too. You have to get the car transferred in your name on paper and also get the car insurance policy transferred. Do you know how to go about transferring the ownership and insurance of a used car?

  • How to Renew Expired Motor Insurance Policy Online?

     

    Driving without a valid motor insurance policy is as serious an offence as driving without a valid driving license. That is why, having a continued insurance cover on your vehicle is essential. In case of cars, the car insurance policy is issued for one year after which it should be renewed. However, in case of bikes, the two-wheeler insurance policy is, nowadays, issued for 1-3 years. Even in case of a long-term policy, the policy comes up for renewal after the stipulated tenure is over. Do you know how the policy can be renewed?

  • How Survey is Improtant Before Repairing Accidental Car?

     

    Though you might feel that buying a car insurance policy year on year is a burden on your finances, the policy's value is felt when a claim happens. Though you might boast of being the safest driver, accidents are common and, in some cases, unavoidable. In case of an accident, your car is not spared the brunt of damages and if your car faces any damage, a repair is inevitable. Needless to say, repairs incur expenses, expenses which are substantial and burn a hole in your pockets. A car insurance policy comes to your rescue in these situations. It pays for the damages suffered by your car if you have opted for a comprehensive car insurance policy. But, making a claim might be a difficult affair if you are not conversant with the rules.

    Insurers have a protocol when it comes to claim settlement of car insurance policies. The first step in this protocol entails informing the insurer immediately after an accident has occurred. Insurers provide a helpline number to customers. This number is to be contacted in case of a claim. After informing the insurance company, a survey is arranged before your vehicle is repaired. But, is the survey necessary?

  • Bike Insurance Add-On Covers Must to have When Buying Insurance

     

    Are you fond of pizza? Then you must have added toppings of your choice to make your pizza more delicious, haven't you? Your motor insurance policy, though compulsory, also comes with various facets which take your car or bike insurance to another level. The plan provides various additional covers which, when added, increase the scope of coverage available under the plan. These additional cover options require an additional premium payment and are voluntary.

    There are various types of add-on covers which are offered with a car or a bike insurance policy. As such, you are spoilt for choice. But, given the additional premium involved, you must be careful about the add-on covers which you choose. Choose only those covers which are extremely important. Do you know which covers are important? Here is a list to help you find out :

  • What are Deductible and not Payable Repairs in Motor Insurance Policy?

     

    Have you ever made a claim in your motor insurance policy? If you have you must know that the insurance company does not pay the entire cost of repairs. Some amounts are deducted from the claim amount and then the remainder is paid. Do you feel cheated by this practice of not paying the entire claim? Well, you shouldn't. It is true that your motor insurance policy deducts some expenses from your claim amount. But, do you know what expenses are deducted?

    There are quite a few heads of expenses and deductibles which are deducted from your claim amount before it is settled. Here is a list of such expenses or amounts which are not paid and also the reason why :

  • Should File a Car Insurance Claim for a Minor Accident?

     

    Since a car insurance policy is a mandatory requirement, we pay premiums every year to keep our car continuously covered. When our car suffers any damage, however minor it might be, we eagerly raise a claim with the insurance company. Ritika did the same thing. She was driving back home from office when she nicked the rear of her car and got a little dent. She promptly thought of raising an insurance claim after reaching home. However, her husband stopped her from raising a claim for such a minor damage. He explained to his disappointed wife that making a claim would actually cost her more.

    Surprised? Don't be. What Ritika's husband told her was true. She stood to lose more by making a claim rather than by getting the repairs done herself. Want to know how? It was because of the feature called No Claim Bonus. Do you know what it is? Let's find out :

  • Bike Insurance Covers Financial Liability In Case You Injure Any Pedestrian

     

    Zipping across town in your bike is a thrilling experience. The feel of wind whooshing in your ears gives you an adrenalin boost. That is why many youngsters are speed-loving and indulge in buying a bike. But what about the other effects of this adrenalin rush? You are prone to accidents, aren’t you? What if you injure a pedestrian in the process of enjoying the thrill?

  • How to Claim Insurance for Bike Accident If Your Friend was Driving?

     

    ‘Sharing is caring’, haven’t you heard this a million times? Friends are important and that’s why you share your things with them. How can you say no? After all, friendship means sharing and helping out your friend, isn’t it? What if your friend wants to loan your bike? Do you say no?

  • How to Claim Compensation under Third Party Two Wheeler Insurance?

     

    Much as you would like to you cannot control your bike from skidding or facing an accident. Especially as a youngster, when speeding on your bike is considered cool, you end up damaging someone else’s vehicle or property or, worse, a pedestrian. Blame it on your hormones or the lack of driving skills but when you damage someone else’s vehicle you are required to pay for the damages sustained. My friend Rahul learned this when his bike skidded and rammed into a parked car.

  • What is Covered and not Covered underEmployee Accident Insurance?

     

    Accidents can happen at any time to anyone. Such unfortunate event can leave anyone financially strained. Considering the possible financial impact, many employers include employee accident insurance in their employee welfare schemes.

  • Complete Guide to Online Health Insurance Renewal Process in India

     

    Health insurance policy safeguards you from unforeseen medical emergencies during the term of the policy. A best health insurance plan offers range of benefits like medical expenses, hospitalisation cost, and domiciliary hospitalisation, day-care procedures, pre and post hospitalization benefits along with many other riders and add-ons. Benefits offered may vary among various insurers.

  • Why Zero Depreciation Policy is important for your car?

     

    A car insurance policy is a mandatory cover for your car as per the regulations of the Motor Vehicles Act, 1988 to pay for liability claims to third parties. Furthermore as cars are purchased on loan the financier requires the asset to be protected for loss or damage to the car As such, if you own a car, you should have a valid car insurance policy on it. With a car insurance policy comes various add-on covers. A zero depreciation cover is one such add-on rider which comes with a car insurance plan. This add-on cover has a lot of benefits and that is why it is recommended to be added to your car insurance plan. Before we understand the importance of a zero depreciation cover, let us understand what it means.

  • What are the Special Features of Marine Insurance Policy?

     

    Marine insurance plays an important role in any kind of shipping business by safeguarding you against risk of damage or loss to cargo, ships or any transport by which the goods or property is transferred, acquired or held between the points of origin and the final destination. There are various types of marine insurance policies that can suit to different needs and requirements. Availing the best marine insurance policy can help business to mitigate the financial pitfall that can happen due to loss or damage of goods in transit.

  • Family Health Insurance Vs Individual Health Insurance

     

    Health insurance has gained a lot of popularity lately. With the raising of wide variety of diseases and increasing rate of healthcare inflation, securing health has become all the more important. A good health insurance policy is an ultimate solution to safeguard yourself and your family from healthcare expenses. Though, increased awareness has made people realize the importance of health insurance, buying the right one as per individual's healthcare need is a quite difficult task.

    When you decide to buy a health insurance plan, insurers offer you plans in two variants - individual health insurance plan and family floater plan.

  • Grievance Redressal Mechanism in Indian Insurance Sector

     

    Having a complaint or a grievance with the insurance company or an insurance intermediary is not uncommon. Various policyholders feel that they have been cheated with respect to their insurance policy. They either feel that the agent sold them a wrong policy or that the insurance company did not fulfil its end of the bargain. What is to be done in the event of any complaint? Does the policyholder have any room for redressal of his / her grievances?

    Actually, the policyholder does. The Insurance Regulatory and Development Authority (IRDA) has made sure that there is a grievance redressal process for the aggrieved policyholders. It is known as the Protection of Policy Holders Rights. This process starts with the insurance company and escalates up to the consumer forum if the customer does not find the resolution to a complaint. So, let's understand the grievance redressal mechanism available for insurance policies -

  • What is the schedule of depreciation on different items?

     

    The true purpose of having a comprehensive motor insurance policy is felt without a doubt when your vehicle suffers damages and you make a motor insurance claim. When the insurance company pays the cost of repairs which, otherwise, had been your headache, you feel a sense of calm and relief. But your calm and relief is short-lived when the repair costs are not paid in full. The insurance company makes some deductions in the total repair bills and then the claim is settled. Have you wondered why such deductions are made?

    Deductions from your motor insurance claim are done, mainly, for two reasons. One is the portion of compulsory deductible which represents the mandatory amount of claim paid out of your pockets. The other is the depreciation on your vehicle's parts which have been repaired. This rate of depreciation is different for different parts of the vehicle. Do you know this schedule of depreciation? No? Let's find out :

  • How depreciation is calculated for the purpose of claims?

     

    Though a mandatory motor insurance policy ensures that you get financial assistance whenever your vehicle faces any damage, the entire claim is not paid by the insurance company. There are some deductions from your claim amount and then the company settles the claim. Depreciation is one such deduction which affects your claim amount. Do you know how depreciation is calculated when your claim is settled?

    The rate of depreciation is different for the different parts of your vehicle. Here is how the schedule of depreciation looks like :

  • How can Road side assistance help you at the time of emergency?

     

    Last week my neighbors, Rahul and his wife, went out for a long drive. What started as a romantic getaway soon turned into a nightmare when their car broke down in the middle of nowhere and Rahul was left looking for help. As Rahul narrated to me the next evening, the couple were somewhere in the suburbs and couldn't locate a garage. Since it was the middle of the night, arranging for a mechanic also seemed a remote possibility. Spending few hours vainly searching for help, it was 4 a.m. in the morning when a car passing by stopped, helped them take their car to the nearest garage and also gave them a lift into the city. What a drive Rahul had! After he finished his story, I enquired why he didn't avail the roadside assistance service from his car insurance provider.

    Rahul was dumbstruck. He had no idea about this feature in his car insurance policy and asked me to enlighten him. Do you know what roadside assistance in your car insurance policy is and how it helps?

  • How to select Sum Insured for your Travel insurance?

     

    Taking a trip is a wonderful experience but what if your experience is marred by unfortunate incidents? Careful as you might be, there are contingencies beyond your control which you might face when you travel. A travel insurance plan comes to your rescue in dealing with these unfortunate events. The plan provides financial assistance to deal with contingencies faced when you travel. That is why, a travel insurance plan is important whenever you travel, whether for business or for leisure.

    When it comes to a travel insurance plan, it is always advised to choose the correct Sum Insured for the plan. Travel insurance plans offer Sum Insured ranging from $50, 000 to $500, 000. It, therefore, depends on you to choose the correct coverage amount. Do you know how?

  • Difference between health insurance plans offered by life insurance companies and health insurance companies

     

    The health insurance market has become competitive. Individuals are realizing the importance of having a health insurance plan as medical costs are rising on a regular basis. As such, insurance companies are joining the bandwagon and offering a health insurance plan. While earlier general insurance companies were offering health insurance plans, nowadays, there are various life insurance companies too which have joined the fray and are offering health insurance plans to individuals. Are the plans offered by health insurance companies and life insurance companies similar?

    They are not. Though life insurance companies do offer health insurance policies, there are various differences in the policies offered by life insurers compared to those offered by general insurers. Do you know about the differences? Let’s find out: