GENERAL INSURANCE BLOG

With the internet being easily accessible even in remote areas, today, people engage and entertain more through the digital world. Social media is proving to be a significant source of entertainment worldwide. However, it turns out that it is also one of the rising causes of bad mental health. Primarily, the rise of social media has long-term consequences and adverse effects on people's mental health, including cyberbullying, depression, and severe anxiety.

People think that social media is a mood booster, which is true but under certain limits. Excessive socializing can make things odd for you, majorly affecting your mental peace. Let's take a look at how social media is affecting people's mental health.

1. Comparing our lives with others:
The comparison is one of the primary reasons why people feel socially isolated. As we scroll down our social media feeds, we start comparing our lives with other people. This may be in terms of money, their day-to-day activities, looks, or happy moments. Unfortunately, the habit of comparing ourselves to others is linked with symptoms like anxiety, depression and loneliness.

2. It triggers sadness:
The more you use social media, the higher it triggers your sadness. For example, a person already dealing with mental health issues may see things that can make her feel down. This way, people feel the fear of missing out, leading to higher anxiety.

3. Low self-esteem:
People on social media are all about showing off materialistic things. We tend to feel excluded from these show-offs, which can lead to higher insecurities. Seeing someone ‘perfect’ on social media further lowers self-esteem. You'll begin to judge your self-worth, and that's dangerous.

4. Social acceptance:
Social media has taken over people's minds by its craze for ‘followers’ and ‘likes’. Youth indulge in the thoughts that if they don't get a certain number of likes or followers, they are probably not good enough or aren't socially acceptable.

5. Abrupt sleep cycle:
Social media is like that one toxic addiction you want to leave, but you can’t. According to research, almost two-thirds of the youth check their social media at least once before sleeping. Sometimes you may come across a specific post, and you decide to check about them more out of curiosity. Within a blink of an eye, you'll lose hours just scrolling on social media.

6. Leads to jealousy:
Besides comparing ourselves to others, another way social media affects one's mental health is by inducing jealousy. Seeing other people's success stories, luxurious accessories, and vacations can be envy-inducing. This vicious cycle of jealousy can lead to severe consequences.

The rise in the influencer culture has further brought plenty of side effects on today's youth. Unfortunately, draining mental health can affect one's physical health too. While these health problems may not look concerning, they can turn out more significant and take a toll on your overall well-being, productivity and finances in the future. Therefore, it is in your best interest to get HEALTH INSURANCE so you do not drain yourself financially to protect your mental well-being.

Social media is not just scrolling feeds and looking at what's going on in other people's lives. If you use it wisely, social media is a perfect medium to make you productive and happy. You will find profiles and posts related to improving your well-being, practising mindfulness, drawing positivity through education, and even the importance of mental balance, health insurance and a perfect lifestyle.

Click HERE to buy the best health insurance that fits your needs.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

The year 2020 was considered the year of WFH (work from home). In the beginning, everyone took it as a blessing, and people experienced enough flexibility at work and more time for family. However, as the trend continued into 2021, it presented new communication and collaboration challenges among teams, mental health issues, and imbalance in the work-life cycle.

Working from home looks like a job incentive for many employees, as suddenly they have more flexibility to get their work-life balance. But that's not the whole truth; reality seems to be different. Work from home culture has depended significantly on one question: Is remote working a sustainable option? In this article, we'll discuss some of the most common challenges that home-based workers are facing.

WFH affects your mental health:
Though work from home has proved to be helpful, it is also adversely affecting our mental health. A report states that about 76% of the global workforce recorded negative impacts on their mental health in 2020 due to WFH.
WFH results in total exposure to the computer all day, leading to headaches, fatigue, tiredness, and eye problems. In addition, rather than the benefits of work-life balance, some people lose sleep due to workload and family chores altogether. This continuous work-family adjustment results in emotional exhaustion. People who are hyperactive at work find it hard to detach themselves from work at home.
On the other hand, work from home has turned out to be an advantage for many introverts. You can work from the convenience of your customary conditions without any physical human interaction.

WFH takes a toll on physical health:
Because you are in front of the screens all day, there is no time for physical activities. Due to prolonged remote working hours, people are more often facing health issues. A sedentary lifestyle, irregular food intake, and sleep deprivation are common concerns. Parents working full time, taking care of household chores, and home-schooling their kids face much bigger physical health issues.
Tossing within the many tasks simultaneously; it takes the life out of those employees with productivity shame, lack of motivation and burnouts in most cases. Most surveys suggest that as many as 50% of people have back and neck pain and other musculoskeletal problems leading to more stress. Although the pandemic has blurred the boundaries between work and home, we learned a lot from WFH culture. These alarming health-related issues have brought well-being to the forefront. Both employers and workers are more aware than ever of the impact of mental and physical health.

We all know that stress and fatigue are not just resulting in some temporary problems but are also impacting cognitive health with some life-threatening issues such as anxiety, diabetes, heart diseases, and clinical depression. As a result, the corporate sector is taking measures to ensure the well-being of the employees and assuring better working conditions, flexibility and HEALTH INSURANCE coverage to their employees.

Since WFH impacts your overall well-being, re-think your current remote working style. There are undeniable benefits of work from home if you have a positive WFH culture, flexibility, work-home balance, time for other activities and a health insurance plan to address your mental and financial stress. So go, set in motion the true meaning of WFH!

To get the best deals on health insurance, click HERE .

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

'Big business starts small' – wise words by Richard Branson. If you plan to become your boss, a bike rental business can be a good venture. A rental bike allows people to ditch cars and public transport without owning a motorcycle or being bothered by BIKE INSURANCE, storage, and maintenance hassles.

In recent years, the opportunities and demands for a bike rental business have increased considerably due to the convenience of two-wheelers. With just a helmet and a 2-wheeler, a person can go around the city efficiently running their errands; or take in some fresh air on an empty highway.

Now that you are ready with your business idea let's proceed to the next step. We have brought together these seven easy steps to help you start your bike rental business.

Step 1
Plan – 'A target to accomplish without a plan is just a dream!'
• Estimation of setting up your business

• The business operation cost

• Potential customers (set up the target audience and promotion offer accordingly)

• Method of business (hourly or daily rates, whether or not you will sell bike-related merchandise, policies concerning damage caused, etc.)

• More profits (consider extra services, like bike sales and repairs; if in a tourist place, offer tour guides)

• Name of your business (what's there in the name? Your brand, logo, website, etc.)

Step 2
Tax – 'Pay for doing the right thing!'
Register for taxes; your small business will be taxed depending upon your business structure (e.g., LLC or Sole Proprietorship.)

Step 3
Bank accounts and credit cards – 'Start your financial journey!'
A business bank account separates your assets from your company's assets. Similarly, getting a business credit card will help you separate your business and personal expenses, and it builds your company's credit history, allowing you to acquire your investments later.

Step 4
Daily cash flow and expenses – 'Maintain a proper business account!'
Keeping track of various expenses and income is crucial to understand financial performance. It also simplifies the tax filing for you. Carefully manage the cash flow, make all entries and maintain a daily account sheet.

Step 5
Legal requirements – ‘Keep the books clean!’
Get your company’s name registered, obtain GST, PAN card, trademark certificate, and other prerequisite licenses and permits to avoid any fines or legal issues in the future.

Step 6
Insurance – 'Keep your umbrellas ready before it rains!'
Similarly, for your firm's financial security, it is necessary to get the right business insurance. There are several types of insurance policies designed to cover different risks. For the growth of a bike rental business, the security of bikes makes a huge difference. With the rising operation cost of the bike rental business, having robust bike insurance plans helps you overcome financial risks related to your bikes.

Step 7
Move online – 'Make the internet your new market!'
Maintaining a good website and the social media platforms like LinkedIn, Facebook and Instagram will help your business to grow with more user engagement. In addition, you can flash special offers, exclusive deals, trade merchandise as a part of your marketing strategy to draw more sales.

For running a bike rental business, you need to have mechanical skills or hire at least one full-time mechanic. Remember, a nonoperating bike won't earn you any money. Also, a significant amount of your customers can be tourists, so you should be well acquainted with the location to build a good customer relationship. Follow your passion and work in the direction of making your vision a reality with this quick guide.

Are you starting a new bike rental business? Click HERE to buy insurance that will ensure the safety of your bikes.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

The two-wheeler segment is considered the most convenient mode of commutation in our country. It is believed that 'life is better on two wheels.' With a couple of benefits like fuel efficiency, compact design, and budget-friendliness, two-wheelers are people's personal favourite to withstand the fast pace of life. From youths to retirees, you will find a large Indian population riding two-wheelers.

Despite many worthy features, two-wheelers elevate the risk involved in riding them. No matter how good your driving skills are, you can't deny the risks involved with two-wheelers. Unfortunately, people tend to overlook it while riding two-wheelers. Following traffic and safety rules is essential even if you have many years of experience under your belt. In addition, pursue another good habit of renewing your 2 WHEELER INSURANCE to ensure security in case of mishaps.

We bring these eleven good habits every rider should consider:

1. Start your two-wheeler only after wearing the helmet. It is unlawful and dangerous to ride a two-wheeler or a bike without wearing a proper helmet. The helmet should be ISI certified and of the best fit.

2. Always go for a bike that you can comfortably ride and control. Choose one that is appropriate for your physical capabilities, low maintenance, and compliments your budget.

3. Overtaking a vehicle from the left is always the wrong decision you'd ever make. Stay away from overtaking at intersections, schools and public zones, bridges. Honk before you take a turn.

4. The rider must be visible to other vehicles during the night and extreme weather conditions like fog. Stick reflective bands on the helmet, use dipper lights appropriately, especially when riding at night.

5. Riders must be cautious of their proximity to the vehicles ahead of them. Understand the distance required to go to a complete halt and brake correspondingly.

6. Maintain your motorcycle or scooter in excellent working condition and get regular servicing at an authorized workshop or service centre.

7. Always look out and be aware of potential dangers such as speed bumps, potholes, environmental disasters, and pedestrian crosswalks.

8. Obey all traffic rules religiously. Always signal first so that others can anticipate your next action. Make sure you don't slam on the brakes or make sharp bends suddenly.

9. Using your phone on the bike is a big threat for the rider and the pillion rider. If it is exceptionally urgent, pull over your bike at the side of the road to use your phone.

10. Only because you own a vehicle does not make you superior on the road. Be considerate of pedestrians and allow them to move before you in all situations.

11. In addition, an overall increase in service cost, maintenance fee, or a sudden accident may impact your financial plan. So, prepare for uncertainties in advance with 2 wheeler insurance. 

2 wheeler insurance will not just cover your finances at times of damage but will also provide you with compensation if your two-wheeler is stolen.

Keep the above-mentioned habits in mind and enjoy the pleasure of a bike ride to chase more smiles per hour.

Looking for 2 wheeler insurance, click HERE.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Bikes are the most commonly used vehicle when it comes to riding on India's busy roads. But did you know that your safety relies on one more thing than just your driving skills? Your choice of tyres and how you maintain them are two major factors contributing to a safe and smooth ride.

Still, most of us don't take the health of our bike's tyres very seriously. Tyres suffer a lot while making your riding experience pleasant. Besides this, bike tyres face significant external damage and develop cracks due to constant wear and tear. You cannot afford to leave the tyres unattended because a faulty tyre can be a threat to your life and others around you. Below are the five best tips to increase the life expectancy of your bike's tyres.

1. Wash them regularly:
Cleaning the tyres of your bike is an essential routine that you shouldn't miss. Leaving dirt will expose them to damages, thereby affecting their quality. The dirt racks up on the tyre's surface and affects its grip, which tends the bike to skid on the road. So, next time you go to the washing centre, get the tyres clean and dirt-free thoroughly.

2. Schedule regular repair checks:
Your bike runs over any sharp object like a nail or edgy stones on the road. With time, tyres also meet with alignment and wheel balancing issues. This happens due to extensive riding and wear and tear of treads or grooves. Get these issues fixed at the earliest, as otherwise, such things can damage the tyres inside out.

3. Get the best fit:
Sometimes we opt for fancy or trendy tyres and don't pay heed to the actual requirement. Always look out for the best fitting and necessity of your bike and its model. Mismatching tyres is never a good option – neither for your bike nor for you.

4. Timely replacement of tyres:
Tyres don't come with a lifelong guarantee. Ideally, they need to be changed every 4-5 years, or the kilometres you cover, depending on your bike's specifications. Due to resisting the friction continuously, tyres tend to lose their grip. Taking out your motorcycle with such tyres on the road is dangerous, especially on uneven roads or during the rainy season. So, timely replacing of tyres is required before the situation gets uncontrollable.

5. Check for ideal pressure:
Refer to the user manual of your bike to know the perfect pressure of the tyre and maintain it consistently. Don't forget the essential maintenance of air filling and oiling the engine. Riding under less pressured tyres is risky as there are chances of bursting or unexpected puncturing.

Your bike is your responsibility, and keeping it in good shape will give it an extended life. Moreover, regular maintenance to your bike and tyres promises comfortable and safe rides to you. Along with good care, buying suitable BIKE INSURANCE also counts as a wise step. Bike insurance comes with plenty of benefits that can help you as an owner during unfortunate incidents like accidents, theft, or damages due to calamities.

Click HERE to buy or renew your bike insurance online.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Health insurance is a policy that provides financial cover for your medical expenses. It includes both pre-emptive medical care such as routine medical checkups and tests and costs incurred after someone gets sick or in case of some medical emergency. Your health insurance provider reimburses these medical bills.

With the development of the internet, the entire buying, renewal, and maintenance of your insurance policy has shifted online and has become more streamlined and convenient. Further, the advent of technological development has also favored cashless modes of premium payment.

In this article, we will walk you through all the basics that you need to know about health insurance. This way, you can easily navigate through different policies and come across the best Health Insurance in India, to match your needs. Let’s get started…

Major Factors to Consider Before Buying a Health Insurance:

● The policy holder’s requirements (size of the family, members of the family, specific allergies, ailments, and diseases)

● Policy limits (possible advantages, disadvantages)

● Type of plan (Bronze, Silver, Gold, Platinum)

● Market credentials of the insurance provider

● Whether or not the insurance has a cashless network

Basics of Health Insurance

A health insurance doesn't cover all the costs, it only covers what it calls the ‘out-of-pocket’ expenses. These policies are formulated in such a way that it shares costs. After reaching the out-of-pocket limit, the insurance pays the entire cost.

Ways of Cost Sharing Between the Policy Holder and the Health Insurance

There are several ways in which an insurance company shares costs. Each way constitutes a different type of insurance policy. Here are some features of your policy that you should know about:

● The out of pocket limit

● The deductible

● The co-insurance

● The co-payment

Did you know that a cashless claim settlement brings in more money, when compared to other modes of payment? It is useful to keep these little tips in mind before buying and selecting a health insurance policy.

Other Things to Keep in Mind:

● Crucial benefits that are offered to each policyholder

● Should be affordable as per your income

● Certain government-mandated federal standards

● Consumer protection laws

Who Should Purchase Medical Insurance and Why?

Everyone should have health insurance. Medical emergencies and problems are often unforeseen and it is highly unlikely that an average person has a substantial amount of money saved up at all times. Moreover, medical costs are too high, and one usually cannot cover it by themselves. These bills are also directly linked to several financial problems.

Various groups that should invest in health insurance:

● Students: Students can avail their parents’ health insurance till the age of 26. Universities often offer the right health insurance plans. Students who go away to college in a different state should avail of this insurance since their parents’ insurance might not work in another state.

● People with families: Family plans usually have individual as well as family deductibles for each member. The insurance comes into force only after the deductibles have been met.

● People who fall in the lower income slab: Health insurance policies are the best way to cover your costs, without burning a hole in your pocket. People who fall in the lower income slab should consider using this tool to prevent financial losses.

● People who are pregnant: All health insurance policies cover pregnancy and certain prenatal as well as postnatal procedures. Childbirth and maternity care count as essential benefits, and everyone who is pregnant should get a chance to avail of it.

● Senior citizens: All senior citizens, i.e. people of the age 60 and above qualify for the government-mandated health insurance plans.

● People in the military: All active military officers get their health care and their family’s health care subsidized by the government.

● Married people without children: These couples could purchase individual insurance plans instead of a complete family plan. One could also depend on their spouse’s employer’s insurance plan if such a situation exists.

Conclusion

Having health insurance offers loads of benefits. From the above guide, we hope that your doubts about health insurance are solved. Secure yourself today by getting health insurance. Moreover, as you age, health insurance becomes even more important.

Health Cover, is it an option or luxury? Well, it’s a necessity! Having a financial tool that covers your medical bills & saves you from a hole in the pocket is a must.

To begin with, what's a health cover?

Insurance policies are oriented towards your fitness and give coverage to your medical bills and expenses on a payable premium. These health covers are the best ways of saving your big hospital bills, and with passing times, it's turned into more of a necessity.

If you haven't invested in a medical cover, it isn't too late to buy health insurance online. >And if you don't have enough reasons to reflect on why you need one, let's quickly run into some of the essential reasons:

1. Covers All Your Medical Bills:

Here's the top reason why health covers are looked up to by most individuals, it covers all of your unexpected hospital bills. Whether you're pregnant or are considering getting operated on, you no longer need to deal with sky-high hospital bills. It also helps plan your savings better, since you won't have to dig out large medical expenses.
Further, considering some of the best insurance policies that cover hospital bills and other additional expenses oriented with your checkups post-surgery, bills spent on medications, therapy sessions, and much more; it gives you an outstanding deal. It is also believed as the most profitable way of administering your health and fitness, and further keeping it under check.

2. Compare & Choose The Best:

With a wide array of insurance policies facilitated by different providers, you've got comprehensive plans to choose from. Every single policy offered by each provider varies so incredibly that you might want to take your time considering each segment or option that relates to your requirements. Another advantage is that you can also alter or modify a policy as per your needs. Likewise, the premium payable and coverage extended would differ depending on the categories of medical conditions, illnesses, etc., laid down by your health cover.

3. Best Form Of Investment:

If you haven't known this yet, a health cover is a form of medical investment that's sure to bear you excellent and reliable returns in the form of the coverage amount. The market for investments is so broad and prospering, yet medical insurance turns out to form such an inevitable part of it. If you're someone seeking to buy Health Insurance online, you will come across many distinct policies offered even by the same provider. The potential market that it has taken up, proves its ability to benefit you immensely.

4. Tax Benefits:

Talking about how a health cover can benefit you, it isn't just limited to the fulfillment of free medical bills but extends to more leveraged advantages. Have you thought about the amount of money you can save on compliances like tax obligations with your health covers?
Well, you can consider it now! With tax benefits, you can invest in health cover and enjoy the dual benefits of coverage over medical bills and savings made on tax payments. Under the legal compliances, you can get up to Rs. 25,000 as an insurance benefit. This implies if you apply for medal insurance for your entire family of 5, it can reduce your tax obligation by Rs. 1,25,000.

5. Other Benefits:

If you're under the impression that free medical treatment and tax waivers are the only benefits that health covers extend, you’re wrong. While there are numerous policies and providers, their claims, coverage, premium, and other features differ substantially. Some policies cover charges for the ambulance services, expenses post-medical treatment, lower or no limits on the bonus, or discounts implied on your coverage. All of these benefits brought together, make for the ideal health insurance plan.

Conclusion

One can't quite emphasize the need to take a health cover, without giving much attention to your fitness. After all, your well-being is the epicenter of all your day-to-day activities.

Quick Tips before you buy health cover:

● Check the limits and sub-limits.

● Have a look at the options available.

● See if you can get discounts.

● Compare the different quotes by different insurance companies.

You'd love the fact that not many people can say, 'Yes, I ran 42 kms today.' Indeed, of all the races, there is no better ground for heroism than a marathon.

There can be various reasons you might want to train for and run in a marathon, whether you are a veteran jogger who wants to strive toward a new goal or a rookie runner influenced by a friend's achievement of participating in a race.

Although training for and running a marathon can be a challenging and painful experience, there are numerous health, mental, and spiritual benefits.

You may be afraid of getting hurt or in constant pain; that's natural. You can talk to yourself and ask a question, 'Can I do it?' Because deep down, you always wonder what it would be like to put in the time and effort required to train for a marathon, and believe it or not, every drop of sweat is worth the pain.

Following are a few reasons why running a marathon will prove more helpful than you think.

Advantages for your physical well-being:

• It improves your overall health by strengthening your muscles and boosting your immune system. In addition, it makes your heart stronger and helps you maintain healthy blood pressure and cholesterol level.

• You will get more restful sleep as the training for a marathon can be challenging. Our body restores and recovers while we are asleep, so you will surely crave a sound sleep.

• Even if you don't lose much weight, running all those kilometres will tone your legs and impact your lean muscle mass.

Positive effects on your mental health:

• Running during stressful times, according to research, can help you better face life's obstacles by strengthening your mental resilience.

• When it comes to marathons, you can't afford to skip training, so having one on your calendar will keep you motivated to stay on track.

• You'll be a completely different person after you cross the finish line because you'll always know that you have the mental and physical strength to endure, even when you don't think you can or will succeed.

Advantages for your personal growth:

• It will keep you engaged. If you've just had a life transition that has provided you with extra free time, such as retirement, a breakup, a job loss, or a freshly empty nest, now could be the ideal time to take on the marathon challenge.

• Your running self-assurance will almost spill over into other aspects of your life, such as work and relationships.

• Although there will be some difficult times during marathon preparation and the event, it will all be worth it once you cross that finish line.

More amusing benefits:

• Marathon running is an excellent reason to explore a new city or country if you enjoy travelling.

• Suppose you're used to running and racing shorter distances. In that case, training for a marathon will encourage you to find new areas to run because you'll be running a lot and getting bored with the same routes.

• You'll receive something as a reward for your accomplishment, whether it's a medal, a shirt, or a fantastic finish photo.

• You're a marathon finisher once you cross that finish line, and you'll always be one. One will never be able to take that title away from you, and neither your bragging rights.

A consistent long-distance running plan brings many physiological and mental health benefits to marathon participants. Before you start preparing for a marathon, make sure to examine your current fitness level and take the expert advice if required. In addition, it is advisable to purchase a HEALTH INSURANCE policy, especially when you are participating in sports events.

To get the best health insurance, click HERE.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.