GENERAL INSURANCE BLOG

Motivated employees are the biggest asset of any company or organisation. They not only increase the overall productivity of the company but also generate better output. But the question arises, how to keep the employees motivated?

By implementing and following certain practices in the workplace, you can ensure that your employees give their best and develop both as a staff member as well as an individual. Given is a detailed explanation of the best practices to be followed in a corporate office:

• State your expectations clearly - Many times, bottom level workers feel crushed under the expectations of the middle-level managers or employees. Therefore, as an executive, is utmost important for you to be very clear about what you expect from your employees. You should elaborate on the quality of work you expect from them, timelines, personnel role is in a certain project, and so on. This way, they do not feel the burden of work or meeting deadlines at the very last moment. Build a strong foundation of communication and mutual support.
• Involve the employees - A surefire way to make any employee feel important is by involving him/her in the important decisions of the company. By taking their advice or opinions, you establish a feeling of trust and authority. For example, managers can ask their subordinates for their views on marketing strategies. This is bound to be successful as the employee gets motivated to work harder thinking of your company as his own!
• Encourage feedback - Employers tend to establish dominance over their staff members. If that is the case in your organization, it needs to be changed! As an employee, you wouldn't want your superior to ignore all the suggestions and feedback you provide, then why should you neglect those of your team? A great way of building strong relationships with your employees is encouraging them to provide feedback after every meeting and respond to any issues or queries they have.
• Fulfil their individual goals If you wish that your employees work for the betterment of your business, you must think of their personal goals. In many ways, you can add to their individual growth - for example, you can give regular bonuses, you can periodically increase their salaries. This way, they develop a stronger relationship with you as well as your company.
• Use their talent : Any employee can develop a feeling of boredom or monotony if they work in an area which doesn't utilize their skills or talent. This not only results in dissatisfaction amongst the employees but also leads to a counterproductive routine in the organization. It is best to recognize the specialization of an employee and hire him on a suitable designation as well as assign him to work accordingly. This way, the tasks allocated to him will be done in the best possible manner and reduces the chances of that employee leaving your company.
• Be open to errors: Humans tend to commit errors. Your employees too might make some of the other mistakes at some point in time. In such situations, it is best to take necessary corrective measures and guide them to not commit such mistakes in the future. Rather than   scolding them or making them feel bad about what happened, you must accept the mistake and be open towards it.

You can also make them aware of beneficial insurance policies and can help them in buying home insurance online if they moved to the city for working in your company. This way you can earn their trust as an employer and can expect the same from them.

Carrying out activities such as phone recharges, bill payments, grocery shopping, clothes shopping, etc. has become very common. All the activities are getting digitalized now, and so is the case with general insurance policies. There are various platforms where you can generate an instant general insurance online quote as well as purchase a new policy.

In present times, a lot of people prefer to buy insurance policy online. Although the online purchase of insurance policies may not be everyone’s cup of tea, yet there are some significant advantages of buying an insurance policy online after generating a general insurance online quote.

In case you are wondering why people buy insurance policy online, here are the reasons which encourage them to do so: -

•Time-saving: - You do not have to go through the hectic processes of going to the company’s office and get the process completed. The offline process lasts several days whereas, through the online process, everything is just a few clicks away.

•Lower premiums: - The premiums to be paid are quite higher for the insurance policies purchased offline than the policies that are purchased online. Thus, the online method is pocket-friendly as well.

•Easy comparison: - When looking for an insurance policy online, comparing becomes easier. You can compare general insurance online quote from all the companies at once without having to go through any trouble. You can look for yourself and choose the company that suits you the most.

•Freedom to decide: - Everything is done on your own, so you are the one making the decisions. There is no manipulation or pressure from the company when you purchase an insurance policy online. You are the sole decision-maker without any external influence.

•Less paperwork: -Purchasing an insurance policy online reduces the amount of paperwork to be completed. The offline method involves a lot of paperwork which can be quite troublesome. The online saves you from it, and the entire experience becomes hassle-free.

•Informed decision making: - You can also view the customer reviews for the policy that you are going to buy. Before finally buying the policy, you can search for the reviews of other customers to check if you can trust the company and the policy.

•Fewer chances of rejection: - The chance of rejection due to incorrect or incomplete details becomes negligible under the online mode. This is probably where the offline method becomes troublesome, where the forms can be rejected multiple times for some trivial issues.

•Easy and convenient: - The processes of purchasing a new policy and paying the premiums can be completed with just a few clicks in case of the online mode. In the older times, buying policies was all about personal interaction and a buildup of trust following the interaction. The customer was convinced by the representative of the insurance

•Informed decision making: - You can also view the customer reviews for the policy that you are going to buy. Before finally buying the policy, you can search for the reviews of other customers to check if you can trust the company and the policy.

company and after various processes, the final buying of the insurance policy took place. However, in the online purchase procedure, everything is digitalized and available on your device with an internet connection.

Though, the digitalized ways of selling and buying insurances policies online lack the old ways of building up a sense of trust in the customer. The customers do everything on their own in such cases through the online portals of insurance companies, based on their brand image and terms and conditions.

The new method is not appreciated by all sections of the public, and many of them still prefer traditional methods. So, if you are looking to buy insurance policy then you should weigh all the pros and cons of both the methods and choose the one which suits you and your ideas the most.

Do you travel a lot by road? Are you tired of waiting for your turn at toll plazas on the interstate highways or expressways? Do you wish to get done with it as quickly as possible? If yes, then you must get a FASTag! As the name suggests, a FASTag is a tag which is a mean to ensure faster transit across toll plazas. The tag is placed on the windshield of the car and uses Radio Frequency Identification Technology. The tag is scanned by the tag readers placed at toll booths who then deduct the toll amount from the FASTag account. All toll plazas placed along the national highways are now using FASTag for payment of toll as per the guidelines of the government of India.

As the balance in FASTag reduces, the user needs to reload the balance in the linked wallet account or the linked bank account. By eliminating the need for cash payments at toll plazas, FASTag ensures a quicker and smoother flow of traffic.

The following reasons highlight how using a FASTag can help you save time on your journey: -

● Quick payment - As there is a FASTag affixed to your car, you wouldn't have to search your wallet for cash which ultimately reduces the duration of the transaction and your time is saved.

● Less fuel wastag - As you do not need to stop and restart your vehicle, less petrol or diesel is burned, which saves your fuel tank from draining quickly.

● Hassle-free recharge- You can easily recharge your FASTag using various methods like Internet banking, mobile wallet apps, NEFT, RTGS or even your credit and debit cards.

● Message alerts - Every time your FASTag is used, you get an alert SMS on the mobile number registered with the card which ensures the prevention of its misuse.

● Long validity- A FASTag is valid for five years, which means you need not worry about changing it frequently.

● No requirement of cash - The work of cash is taken over by the FASTag. Therefore, it eliminates the necessity of carrying cash for toll payments.

● Online portals- You can check the transactions made using your FASTag whenever you wish using specific web portals meant for the same.

Now, onto some Frequently Asked Questions: -

How to get a FASTag?

To buy a FASTag, you can ask the toll plaza employee for their sales department, or contact authorized agencies or banks that sell them. Many platforms offer car insurance quotes online and sell FASTag as well.

How much does a FASTag cost?

Generally, a FASTag can cost you around two hundred rupees for the purchase, which excludes recharge expenses.

Where is it placed?

FASTags are affixed on the windshield of the car in a very specific manner that allows the scanners placed at the toll plaza to scan it.

How to know if your card has been used?

As stated in the above benefits, a text message is delivered to the registered mobile phone when the FASTag is used. This is a sort of confirmation to the owner that payment has been made.

Do you need to maintain a certain balance?

You don't need to maintain a balance for sure, but yes there is a minimum value for a top-up of the tag which amounts to a hundred rupees.

Where is a FASTag valid?

Throughout the country, a FASTag can be used to make payments at toll plazas regardless of the city or state.

While getting FASTag will help you zoom seamlessly on the highways, do remember to check car insurance quotes online to get protection against possible accidents and incidents while on the road.

The World Health Organization (WHO) has declared novel Coronavirus (nCoV) as a Global Health Emergency. Here’s a quick guide to knowing all about the deadly virus.

Let’s begin with the obvious, what is Coronavirus?

The coronavirus is a family of viruses that are known to cause illnesses like the common cold to more critical diseases such as Severe Acute Respiratory Syndrome (SARS). A novel coronavirus (nCoV) is a new force of coronavirus that has not been identified before in humans. This particular virus is called ‘2019-nCoV’.

Now that we understood what Coronavirus is, so let us understand the Symptoms:

While it depends on the kind of virus, common symptoms are respiratory symptoms, fever, cough, shortness of breath and difficulty in breathing. In more severe cases, the infection can cause pneumonia, severe acute respiratory syndrome (SARS), kidney failure and even death. Some coronaviruses can be carried from person to person. This normally happens after close contact with an infected patient.

Now that we have a better idea about the Coronavirus and the symptoms. Let's discuss the dos and don’ts for keeping the disease at bay.

• Observe good personal hygiene.
• Avoid close contact with people who are unwell or showing symptoms of illness.
• Frequent hand-washing, especially after direct contact with ill people or their environment.
• People with symptoms of acute respiratory infection should practice cough etiquette, which includes maintaining one's distance while coughing, covering coughs and sneezes with disposable tissues or clothing, and washing one's hands after coughing and sneezing.
• Avoiding unprotected contact with farm or wild animals.
• Avoid contact with live animals and consumption of raw or undercooked meat.
• Avoid travel to farms, live animal markets or where animals are slaughtered.
• Indian government has advised citizens to avoid all "non-essential travel to China".

(Based on World Health Organization’s situation report)