A car insurance will help you to get unlimited liability because of a third party injury if you meet with an accident. You will have to bear all the expenses yourself if you don’t have a car insurance. Now, let us see the reasons for… Read More »Top 5 Reasons for Rejection of Car Insurance Claim
Planning of buying life insurance policy? Keep these things in mind before buying your policy. Calculate the amount of insurance cover you would need by identifying your liabilities, your financial goals, and how much you can invest. Compare different insurance plans in the market and… Read More »Things to know before buying life insurance policy
Most salaried individuals are content with the health insurance cover for their parents under employers’ group schemes. This may not be adequate because inflation in healthcare is estimated to rise about 12-18% per annum. Its best that elderly parents have separate covers because chances of… Read More »Do you need separate health insurance for your parents?
Six must know facts about bonus in insurance plans Any life insurance company is supposed to give out a part of the profit that it makes to its policyholders in the form of bonus. All life insurance plans are not eligible for bonus. A plan… Read More »Insurance Bonus – Must know facts.
How many of us know the details about the life insurance policy premiums? Insurance premium is the set amount of money that the person pays to the insurance company at regular periodic intervals of time. Do you know that there are discounts available on these… Read More »Did you know about Discounts on your Insurance Premiums??
Thinking of buying a term insurance policy? Check these pros and cons to see if it fits your bill. Pros: Simple and easy to understand. Pricing is very competitive. Most term policies are “renewable” and “convertible”. More tax benefit under section 80C. Cons: Steeply increasing… Read More »Will term insurance policy serve your need?
Despite two-wheeler insurance being mandatory in India, nearly 75% of two-wheeler owners don’t have any motor insurance. People either don’t buy any motor insurance in the first place or even if they do, they fail to renew it in a timely manner. To tackle this… Read More »Why should you opt for Long Term Vehicle Insurance?
Why is a car insurance claim rejected when all necessary documents are submitted properly? One main reason for claims being rejected by the insurer is because of the driver employed for the car. When we hire a driver the vehicle, we take a copy of… Read More »How to Prevent Rejection of Car Insurance Claim in India
No claim bonus (NCB) is the reward given by the insurer to a policyholder for not making any claim during the policy term. If any claim is made during a policy year, then NCB will not be given in the next year. NCB will be… Read More »No Claim Bonus: What is it??
There are several things that you need to consider while choosing a car insurance scheme. One of them is deciding whether to choose a comprehensive car insurance scheme or a third party car insurance scheme. Comprehensive car insurance This extensive insurance offers end-to-end coverage and… Read More »Third party and comprehensive insurance: Whats the difference?