GENERAL INSURANCE BLOG

Data is considered to be the goldmine in today’s day and age. When appropriately utilised, it is one of the most critical resources that can provide great insights regarding several aspects of industries, consumers, products and services, and much more. The demand for data analysts, cloud computing, machine learning, and data science experts is very high among the top skills organisations for several critical roles related to data. This helps them understand the market and current data to curate future projections about their businesses and associated clients.

Data analytics is the most up-and-coming field across all sectors of industries. Companies are investing tons of money, resources, technology, and workforce in analysing relevant data across various platforms. Through this blog, let’s understand how data and analytics are shaping the future of insurance.

1. Understanding predictive analytics:
We all make predictions about specific things based on the facts we have in hand or the experience from similar situations we might have been through. Similarly, insurance companies use predictive analytics as an integral method to predict patterns and trajectories regarding various parameters. Predictive analysis is an umbrella term comprising multiple methods like data mining, statistical analysis, data configuration, predictive modelling, artificial intelligence, machine learning, etc. These techniques help the insurance companies generate reports that would then provide analysis and information about several risks, policies, consumer behaviour, and future revenue and business projections.

2. How to make sure that your “flight-risk” consumers stay:
Insurance companies try to identify consumers with immediate cancellation tendencies, high premium possibilities, or lower coverage. These potential customers require special attention and care from the insurers to convert or stay their customers.
Data and analytics reports can help insurance organisations identify the areas of concern that need attention and how the services can be improved from the consumers’ perspective. Advanced insights, reports, and patterns can help insurance companies analyse the pain points and friction between the organisations and the customers. This aids them in making the improvements and offering the best deals for their customers, which won’t be a loss-making situation for the company.

3. Personalisation is the key:
Customers want services and products tailored according to their demands and the trends in the current market. Making the services more consumer-focused helps the insurance companies eliminate the competition and gain more customers.
Personalisation is directly related to consumer loyalty which benefits organisations greatly in the long-term projections. Customer retention costs are pretty less compared to the expenses of customer acquisition. Fewer businesses and brands focus on customer retention and implement marketing gimmicks but don’t get desired results. Personalisation is the answer to your customer retention and consumer loyalty equation here. Data analytics help you identify the red flags when rating the customer satisfaction provided by your insurance company. This allows the insurers to understand the market trends, how consumer demands are changing, and how they can bring their services up to the mark. The red flags can turn green based on the current reports, the future projections, and the options and techniques which can be implemented to achieve the targets and results.

Other ways in which data and analytics are revolutionising the insurance market include fraud detection, risk and mitigation measures, managing workforces, determining premiums and dealing with insurance claims, and much more.

Customers are advised to purchase GENERAL INSURANCE to ensure their financial assets are protected, and they can earn some profit even during financial losses. You can explore all your options and determine a general insurance company with high market credibility, attractive premiums, and an excellent claim settlement ratio.

Click HERE to know more about how you can find your ideal general insurance company.

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.

India is home to some of the best healthcare facilities in the world. Be it some government hospitals or super-specialty hospitals, they are equipped with state-of-the-art facilities and highly skilled doctors. However, with the rising costs of treatments and healthcare, buying health insurance is necessary for everyone. Even with all the facilities, timely treatment is often not easily accessible, so people keep turning to premium healthcare.

Super-specialty hospitals promise premium services at the cost of steep expenses, and most people from middle-class backgrounds cannot afford these treatments. This is also the reason why most people invest in health insurance. But, with increased services, the cost of premiums will also significantly rise.

If you want to reduce your health insurance premium without compromising on the services, this article is just for you.

1. Start early:
Since most health insurance plans consider your age and medical history to calculate premiums, starting early can save you a lot of money on premiums. A younger body has a better immune system, and thus the risk of diseases or illness is significantly low. If you are someone who has already been diagnosed with age-related issues such as diabetes, blood pressure, or other heart conditions, then your premium amount will also increase. To ensure that you are getting a policy at the best rates, start early and invest in the best health insurance in India.

2. Online health insurance:
Online health insurance has a lot of benefits, but the most significant of them is how cost-effective it is. With online insurance, you can avoid broker fees and other administrative charges. You also can buy health insurance from anywhere, with the freedom to choose the desired policy by comparing multiple plans.

3. Compare plans online:
There are many health insurance policies in the market and deciding on the one that suits your choices can be overwhelming. But in the long run, having an informed idea of various aspects of your insurance policy will be helpful. You can compare insurance covers, premiums, and add-on costs online. With the internet at your disposal, comparing various insurance companies is a smart way to ensure that your company is not overcharging.

Another great alternative is to use the online insurance calculator. Different companies have a calculator that helps you calculate the overall cost of your insurance. Once you enter all the covers you need, this calculator will give you a rough estimate of your health insurance plan. Compare different prices online to choose the best option for you.

4. Extended validity:
Most insurance plans have a validity of one year. However, some companies provide significant discounts on policy periods of two to three years. Not only you reap the benefits of fantastic deals but getting a policy that extends to three years also helps you evade the annual renewal costs on your policy.

5. Family plans:
Health insurance is mandatory not just for ourselves but also for our families. However, the cost of buying health insurance for every family member can add up to a lot. This is why insurance companies have initiated family health insurance plans. Family plans provide comprehensive coverage to your family members. A family insurance plan is a smart way to cut costs on individual premiums while also maintaining the scope of various covers.

These are a few ways in which you can ensure cost-effective insurance planning. Thorough research on different insurance companies and their policy plans can help you make an informed decision that suits your budget and provide maximum coverage. Remember that health insurance is essential, but what is more important is to take good care of your health. Regular exercise and healthy eating habits are a simple start to leading a healthy and happy life. Invest in the best health insurance in India for your loved ones to safeguard yourself against any expenses you might incur in hospital and medical bills.

Click HERE to buy the best health insurance in India.

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 time of a health crisis is a vulnerable time for you and your loved ones. And this moment of panic is where most frauds occur, where mischievous minds exploit your vulnerability with their fraudulent strategies. Everyone can't look into the small details of fraud unless they understand how it takes place beforehand.

Medical emergencies are a time of great financial insecurity. A lifetime of savings can be drained due to your loved one getting into a sudden accident or the unexpected detection of chronic disease. In this time of need, health insurance is a great boon. It can provide you and your dear ones with much-needed protection from financial disaster. However, it is imperative to have the correct information to avoid falling into the trap of health insurance fraud. You won't ever want your hard-earned money to go to waste by falling prey to frauds or scams.

This blog gives you some pointers you can keep in mind to safeguard yourself from health insurance frauds.

Most common types of fraud:

Before getting into how to protect yourself from this deceit, here are some of the most common ways people can swindle money from your health insurance policy –

1. Medical identity theft: This type of fraud involves scammers using your personal information to charge fraudulent bills or make health insurance claims in your name.

2. Marketing scams: If you do not do adequate research about the company's reputation and decide to buy insurance, it may result in the company taking a high premium from you but not responding to any claims. These companies give out forged insurance documents to individuals and then become untraceable.

3. Ambulance fraud: Holding the spot of being the most overlooked type of fraud, ambulance fraud comes in the form of unnecessary charges and facilities you might not have taken, paying huge dividends to scammers.

Tips to safeguard yourself from scammers –

1. Take your time: The biggest red flag in an insurance company is when they ask you to make hasty decisions. Avoid schemes that promise you a lesser premium or better claim if you sign immediately. It is advisable to take your time with the decision-making process and be sure what kind of policy is necessary for you.

2. Be wary of unsolicited calls: Reputed insurance companies rarely call individuals to market their health insurance policies; if they do, they never pressure a customer. Be cautious of aggressive salespeople. However, even if the salesperson seems to be from a reputed company, you must never share your personal information or documents without proper research about the company.

3. A hard copy of policy and seller's signature: Request a copy of the policy they offer, complete with the company's seal and seller's signature.

4. Extensive research on plans: Become familiar with the kind of plans that insurance companies usually offer. This will help you be aware of unsolicited advertisements to sell insurance policies. Understand that if something is too good to be true.

5. IRDA licence: If an agent does not have an IRDA licence, there is a higher probability that they are a scammer.

6. Avoid online transactions: It is safer to avoid sending any money online to the agent upfront unless it is an IRDA licenced insurance firm.

Researching a quality health insurance policy is already a demanding process. The process is complicated, from finding a good plan to cover all your needs to looking for a reputed doctor in an emergency that your insurance covers and then claiming the insured amount. This is when people are most susceptible to getting scammed by fraudsters.

Be careful while opting for a health insurance policy, and always remember to read the fine print. Always buy from genuine insurance firms and avoid the manipulative sales tactics of agencies. Rely more on your personal research for buying the best health insurance and guarantee yourself trustworthy and reliable protection.

Click HERE to know more about health insurance.

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 tyres and wheels of your car are one of the most used external parts. They sometimes outperform their original capacity resulting in wear and tear due to rough surfaces. If left unnoticed, this can risk the safety of the passengers. So, you must ensure that your tyres are up to the standards as per the regulations set by the manufacturer, the road safety department, and the respective car company.

But what happens if you are facing issues with just one wheel? Do you have to go through the process of replacing all your wheels with new ones? What factors should you be watchful about, and how can you procure used wheels? Don't worry. At the end of this blog, you will know if it is worth buying used wheels or not. So, let's get started.

1. Why do we think it can be worth buying used wheels:
Purchasing used wheels is a good option if your four-wheelers have damaged wheels. This is a significantly cheaper and temporary option than buying a new set of wheels. You can comfortably use those used wheels without burning a hole in your pocket.

2. Understanding the quality of used wheels:
It would be best if you examined the used wheels closely. Be aware of all the cracks, dents, bends, or if any parts and pieces are missing. Surficial damages which are not causing any defects internally can be ignored. There might be issues with the structure of the wheels and rims, which can risk a puncture or blowout on uneven roads and at high speeds.
You can go to a junkyard where they sell used parts. But if you want to avoid the hassle and get quality used wheels and other components, visit an auto parts store that can provide you with top-quality used wheels.

3. Examining the used wheels for damages and defects:
A thorough visual examination is one of the best ways to determine the quality of the used wheels. The second solution is to take a test drive with those wheels. But there are situations where you might not be able to take a test drive, miss out on certain damages, or fail to understand the gravity of what might seem to be surficial damages. You should know other ways to inspect those used wheels in such cases.
If the wheel's outer rim has visible cracks, bends, or dents, it is more likely to get damaged, which might eventually cause a flat tyre. Examine the wheel for corrosion, rust, chipped paint, etc. Used wheels with improper or defective bolt holes should be immediately rejected. Test the wheel by rolling them on an even surface and avoid using them if you see any wobble, misaligned or sideways movement. This usually happens when the wheel is bent but could be difficult to notice during a visual examination.

4. Check the material:
Steel works quite well but affects the car's speed and acceleration since the material is heavy. People often use alloy rims as they are considered a good combination. It upgrades the look of your vehicle to give it a more sporty vibe, gives you a better driving experience, and eventually, helps you save fuel and money. You need to check the tyres' material and immediately reject used wheels with slight damage, corrosion, or rust.

Now you know if it is worth buying used wheels or not. And while we are considering wheels and their alternatives, a sudden accident or ending up in unfortunate circumstances can cause severe damage to your car. Getting those defects fixed can cause a substantial financial burden in times of distress. You need to purchase car insurance which would help you cover the massive costs of fixing and repairing in complex cases. You must explore all your options and buy reliable car insurance India with a reasonable premium and the best benefits.

Click HERE to learn more about the benefits of car insurance India.

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 covid-19 pandemic put the whole world to a stop. Various global operations halted; people were panicking and clueless about the situation. And amidst all this, business suffered a huge loss until everything found a place, and there was some clarity which helped put a lot of functionalities back on track and slowly sped them up. To combat the widespread of the infection, organisations started offering their customers an option of "no contact deliveries" or "contactless services," which was a revolutionary step for the safety of their consumers.

Are you looking for information about any procedure that can be contactless and help you with your car insurance, for example, renewing it? It is essential to ensure that you update your car insurance policies on time to avoid extra penalties and avail of the full benefits without any hindrance.

In delayed renewals, it will be a tedious process to be able to claim and get the appropriate help and compensation from your designated insurance companies. So, it is vital to be mindful of your policies, your rights, the documents you might need, your premiums, and most importantly, the renewal dates of your insurance.

This blog will discuss the zero-contact process of buying and renewing car insurance.

1. What does the zero-contact process mean?

In the case of contactless insurance, you have a scope of purchasing the insurance without meeting any officials from the insurance company. The whole procedure involves digital methods for verification, details, and documentation through mobile apps, the website of the designated insurance organisation, video chat applications, etc.

2. What do you need to do as a consumer/potential customer?

You can compare and measure the benefits of various insurance policies from different companies, research the plans, the premiums, the coverage insurances provide, grace periods, renewals, add-on benefits, etc., before arriving at an informed decision and choosing the plan you want to purchase. And surprisingly, you can do all this from the comfort of your home, one of the significant advantages of contactless services. Thanks to technology!

3. How can you buy motor insurance online through the zero-contact process?

The online option will allow you to avail yourself of the zero-contact aspect of purchasing car insurance to protect your car against damages. You, as a customer, connect with the insurance personnel through virtual platforms. You may download the designated mobile application or go to the insurance company's website, choose the appropriate options, select the plan, upload the documents as per the instructions, and get them verified. For identity authorisation and verification, you might have to video chat with the official or to the developed chatbot, which will further provide instructions on how to proceed. You will have multiple options like UPI, net banking, cash, debit and credit cards, etc., to accomplish the payment process.

4. What are some benefits of contactless insurance?

You can avoid risks of covid-19 infections, online availability (24X7) in case of any queries and help, video calling options for a personalised touch, and zero commission services to avoid fraud or involvement of an untrustworthy third party. You also need to ensure the add-on benefits, get a customised insurance policy, set the desired Insured Declared Value (IDV), the zero-depreciation value, etc.

This was all about the zero-contact process to buy motor insurance online or renew an existing policy. We hope this information will help you understand the details of the zero contact procedure and why it is beneficial. You must keep the above-discussed pointers in mind and carefully consider them before choosing the policy. Also, avail the benefits and buy motor insurance online. This way, you not only ensure the safety of your car but also reduce the risk of infection by eliminating the physical visit to the insurance company or agent.

Click HERE to know more about how you can buy motor 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.

Ever wondered why you don't feel jolted every time you apply the brakes on your car or take a sharp turn to the side? It's all thanks to the car bushes.

Car Bushings are cushions made up of rubber, polyurethane, neoprene, or other materials. They're mainly mounted on car suspensions and steering joints. Their primary responsibility is to ensure no abrasions in the metal suspension framework due to the contact between them. They also give the driver maximum comfort by mitigating road bumps and controlling the degree of movement in the joints.

The car bushings are mostly made of rubber. Typically, rubber bushes are structured in the form of a cylinder between the two parts of metal. This rubber is usually vulcanised rubber.

Car bushes are essential for the smooth functioning of your car. This blog sheds some light on car bushes and their need in a vehicle.

Applications of bushes:

• Improves safety and comfort: Car bushings support the mechanism to make the ride comfortable for the passengers in the car. They are crucial in positioning and aligning various suspension and steering components.

• Reduces damage caused by vibration: Repeated vibrations can cause abrasions to your vehicle's suspension system, which contributes to its weakening. Car bushing minimises this wear and tear, thus increasing the car's life

• Making the ride less noisy: The rubber used in bushes can reduce vibrations and thus reduce the need for lubrication. This makes maintenance easier and simultaneously makes the vehicle less noisy.

• Bushing provides a stress-free and long life to the vehicle: Like cartilage in a human body, bushings protect the joints and connected parts of the car from shocks to the car. This increases the longevity of the car and the lesser probability of your car facing damages.

Advantages of using Rubber bushes:

● Rubber is the most widely used material in car bushes. As rubber is a readily available substance, it is inexpensive and readily absorbs most noises and vibrations transmitted by various objects.

● One of the main advantages of using rubber bushes as cushioning in vehicles is that it's never a bad fit for a vehicle. They are suitable for all types of vehicles and can be used as cushions for engines and gearboxes.

Disadvantages of using rubber bushes:

● Although very widely used, rubber bushes come with certain limitations. They tend to deteriorate when exposed to heat, air, and especially oils. Over long periods, this exposure can result in the rubber material cracking and wearing away.

An alternative to rubber bushings is ones made out of neoprene. It looks like rubber but is a synthetic substance derived from polymerising chloroprene. It is much more robust than rubber and is better suited to bushings. Neoprene can withstand high temperatures without physical damage.

While extremely simple in design, car bushings play a vital role in suspension systems where vibrations are problematic. They are significant and should be replaced timely to avoid abrasions in your car's system.

We discussed how car bushes can help you control your car's braking. Their applications can assist you in the smooth handling of your car and avoid the risks of accidents. However, the maintenance and upkeep of these integral parts can be daunting sometimes. The solution to this is to buy new car insurance. Ideal car insurance provides several benefits to avoid spending hefty amounts on car maintenance. The new way of budgeting while ensuring security can be possible by making the right investment.

Click HERE to know more about how to buy new car insurance.

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.

Monsoons in India are the perfect season for wanderers to move out and explore places. With the slight drizzles and the perfect rainy-day playlist playing, it would be like a dream travel sequence come alive. And if you are a bike fanatic, you would agree that this weather is the perfect time to take your bike for a ride to get that much-needed break. Enjoy the valleys, the lush greens and the hills in the lap of nature, away from the chaotic hustle and bustle of the fast-paced city life.

Are you someone who lives around Mumbai or is planning to visit Maharashtra? If yes, we have curated the best places for you to make your road trip successful. This blog will discuss top destinations around Mumbai for a perfect bike trip in the monsoon. We have included all the details you need to check out and add that destination to your travel itinerary.

Whether travelling solo or with a companion, these locations will give you every opportunity you can grab to enjoy the rains and create memories for a lifetime. So, let’s get started!

1. Lonavala:

Lonavala has to be on our list and yours too. The forever obsession with the lush greens and the overall beauty of this place has not just mesmerised people in the state of Maharashtra but from every nook and corner of the country. You can take the old Mumbai-Pune highway to enjoy that bike ride you’ve been craving for.
And there is a list of beautiful places you can visit, starting with Korigad Fort, Rajmachi Fort (about fifteen kilometres from Lonavala), Tiger’s Leap, Lonavala Wax exhibition, Duke’s nose, Lohagad and much more! And, as Lonavala and Khandala are just five kilometres apart, you can head to Khandala and experience all the natural beauty of the valleys, waterfalls, etc., the place has to offer.

2. Mahabaleshwar:

The second most known and attractive destination in the Maharashtrian region is Mahabaleshwar. Being one of the longest driving routes near Mumbai, you can take your bike and let the wind do the talking. And if you are someone who always looks for a hint of adventure during their trips, then make sure to visit Panchgani (not very far from Mahabaleshwar) and grab the opportunity to experience paragliding.
Enjoy the surrounding views of the location wrapped in the foothills of nature from a height. The main attractions of Mahabaleshwar include strawberries and mulberries market, Three Monkey Point, Needle Hole Point, Wilson Sunrise Point, and much more.

3. Matheran:

The ride from Mumbai to Matheran is quite beautiful. Feel the calm and peace through your veins with a cold breeze against your skin. Unwind yourself while riding and feel energetic. As you reach Matheran, you will notice the absence of automobiles as the hill station is an automobile-free zone.
But don’t worry, you will have a lot of hand-pulled or horse-pulled rickshaws to take you around this marvellous and endowed with scenic locations which offer you the views of a lifetime. You can also plan to go on a trek to Matheran and have quality time with yourself or your company in the middle of the large trees and hills. The main attractions of this location include One Tree Hill Point, Louisa Point, Porcupine Point, Panorama Point, etc.

Other destinations making it to this list include Malshej Ghat, Durshet, Sula Vineyards, Pelhar Dam, Igatpuri and Alibaug. Remember that your bike is well serviced and has valid insurance to have a comfortable and memorable bike trip. Make sure to fit these important aspects into your travel schedule. While we are already talking about bike trips, purchasing the best two-wheeler insurance in India is a wise option to ensure your bike is safeguarded against all unforeseeable circumstances. The monsoon is here! Get your gear, pack your bags, and push the pedal towards serenity.

Click HERE to know more about the benefits of purchasing the best two wheeler insurance in

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.

Have you ever been riding your motorcycle in the crisp morning air, enjoying the cool wind on your face, and had a bug smack you right in the face? Although it makes for some good comic relief, it is one of the most annoying experiences a rider can have. The solution? Motorcycle windshields. A windshield is installed to deflect the wind from hitting your body while enjoying riding at high speeds. It also helps by providing the rider with a better aerodynamic outline than the body.

This blog gives you a better insight into motorcycle windshields so you can decide if it is a worthy addition to your motorbike.

Pros: 1. Wind protection

Motorcycle windshields help protect you from the wind blast to your face and chest. Mitigating the wind force against your face and chest helps combat back, arm, and neck pain. Less pressure on your body will result in a comfortable ride. If you're planning to ride your bike for more than a few hours, this tool will pay great dividends by the end of the day.
The windshield will divert hot and humid air in the summer and chilled and wet air in the winter. Although it cannot substitute for a good few layers of clothes, it also reduces wind chill when speeding down a highway. Similarly, windshields protect you in hot, dry weather as well. When driving down the roads at high speeds, your sweat dries up faster, resulting in dehydration. Dehydration can cause serious health issues and can put a damper on your driving experience.

2. Better aerodynamics

The stability of the bike decreases when there is drag in the air. When cruising down roads at high speeds, the body creates a fair amount of drag. Fortunately, one of the benefits of having a windshield on your motorcycle is that it makes a better aerodynamic outline than the body, resulting in less drag.

3. Less fatigue

The reduction of wind blasting helps reduce fatigue over long distances. Keeping your posture upright while the wind pushes into you seems like effortless work over short distances, but over long periods, it might be the reason you feel burnt out.

4. Debris protection

Debris gets kicked up by passing vehicles all the time. Your motorcycle windshield can protect you from this and make the ride much more comfortable.

5. Reduce wind noise

The sound made by the engine usually enhances the experience of riding a motorbike for bike enthusiasts. The purring of the machine is generally deafened by the wind noise at high speeds, which diminishes this experience. Motorcycle windshields can solve this problem of wind noise.

Cons:

The biggest and possibly the only downside to a windshield is its uncool and dorky look. A windshield makes a bike look less sporty, and many people find that very frustrating. Also, who wants to see their bike's dirty, scratched-up windshield?

Another con might be reduced visibility right in front of the motorcycle due to the windshield being tinted or dirty. This is a huge distraction and can cause accidents. The pros overwhelmingly outweigh the cons of installing a windshield. Especially in harsh weather conditions, these can be a lifesaver and can pay great dividends for a small investment.

The pros overwhelmingly outweigh the cons of installing a windshield. Especially in harsh weather conditions, these can be a lifesaver and can pay great dividends for a small investment. As we talk about investment, there's one more investment that you need to consider as a bike owner. Purchase reliable bike insurance to add an additional safety net to your two-wheeled friend. Consider buying 2 wheeler insurance online and save time and money in return for value-added benefits.

Click HERE to know more about buying 2 wheeler 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.