GENERAL INSURANCE BLOG

So, you love riding your two-wheeler? And, how often do you spare time for maintaining it? Riding is way easier than maintaining a two-wheeler. But we need to understand that if we neglect the regular maintenance of our two-wheelers, then in no time they will face issues which will ultimately cause trouble to you. For a safe and happy ride, maintenance of your two-wheeler is important.

Along with below mentioned six tips for mastering your two-wheeler maintenance, we also recommend you not to neglect the important practices of good driving habits and a relevant two-wheeler insurance coverage.

1. Start with the engine

The driving force of your two-wheeler should always be in good working condition. Regularly check the engine oil level and change the oil if necessary. Always use good quality oil to prevent the deterioration of the engine’s performance. Keep the oil filter dirt-free and drain out all the waste. If needed, replace the existing filter with a new one.

2. Go for the air filter

Air filters are either made of paper substance or foam. Depending on the type of air filter installed in your two-wheeler, you should clean the air filter accordingly. The paper-based filter can be tapped to clear the dirt and clean it. For a foam-based filter, use water to wash out all the dust clogging the air filter.

3. Examine the spark plugs

Over the years, the spark plugs undergo wear and tear, which gradually increases the gap between the electrodes. Identify the exact gap that should be present between the electrodes and manually adjust the electrodes to reposition them to the appropriate position. Also, note the current physical state of the spark plugs. If they appear to be corroded, change them immediately.

4. Address the clutch

Maintenance of the clutch is crucial for jerk-free gear shifting. Check out the clutch cable and adjust the thread along with the nut to observe a smooth operational clutch.

5. Look out for the brake

For preventing unwanted road accidents and for a safe ride, the braking system needs to be functioning efficiently and the brake pads need to be checked. Usually, brake pads experience some wear and tear due to continuous friction applied to them. Grooves present on the brake pads act as indicators to represent the level of damage. If the damage is beyond the permitted limit, then it is wise to replace the brake pads. One should never be careless when it is a matter of brake pad maintenance. Also, change the brake oil regularly for proper lubrication of the brakes.

6. Don't forget to renew your two-wheeler insurance

You don't want anything loose that may compromise your two-wheeler's maintenance, including a potential driving risk. A comprehensive Two-Wheeler Insurance plan protects you and your vehicle in case of accidents that may occur while riding on the road.

On a conclusive note, the life of your two-wheeler rests in your hands. Invest your little time in its maintenance and repair to enjoy a pleasant riding experience. Also, understand that your two-wheeler is your possession, so it is your responsibility to reward it with proper maintenance.

If you are a car owner, it is mandatory to have valid car insurance before driving on roads. Purchasing a one-time car insurance policy is insufficient since the annual renewal is equally important. As a responsible car owner and a policyholder, you are accountable to keep track of your car insurance's renewal.

To save money on premiums, many car owners choose the basic insurance plan with minimum benefits. This, in fact, during an unfortunate incident, gives more trouble than any advantage to them. However, there are better ways to reduce the cost of insurance without sacrificing good coverage and features.

To help you with that, we've put down some tips for you to save money on your next car insurance renewal:

1. Always compare:

There are more than a dozen companies out there that offer car insurance. Compare them and understand the clauses of each. Doing full-proof research work is essential to draw maximum benefits from your car insurance plan. You may also do an online evaluation of insurance companies to assist you in selecting the most economical coverage.

2. Opt for online mode:

Purchasing and renewing car insurance online is more economical than the traditional offline method. A vehicle insurance company's overall operational costs reduce when it operates online as it eliminates the funds that go into a mediator agent, paperwork, and other factors. Moreover, car insurance companies believe that online customers are more aware and offer some discounts.

3. Look out for deductibles:

Almost all automobile insurance policies include deductibles. It is the percentage of the claim amount that the automobile owner agrees to pay if a claim is filed due to damage to their car. By agreeing to pay a portion of the claim amount, you lessen your motor insurer's liabilities, and hence you get the car insurance at a more economical rate.

4. Save using your No-Claim Bonus (NCB):

You are eligible to earn a No-Claim Bonus if you do not file any claims during the policy year. The discount rises after each subsequent policy year (for a total of five years). At the time of renewing your car insurance, keep the NCB bonus offer in your mind. You may utilise this to get a reduction on your renewal premium.

5. Always renew your policy before it lapses:

Always ensure you renew car insurance annually on time. If you let the claim expire, it will make the insurance company consider you as an irresponsible person. In addition, the company has the authority to deny you any discounts or additional advantages at the time of renewal. It may even cost you the No-Claim Bonus.

6. Go for long-term insurance policies:

Various insurance companies provide attractive discounts, particularly on long-term vehicle insurance policies. Long-term vehicle insurance plans lower administrative expenses, and these savings are passed on to policyholders in the form of incentives and discounts.

On a conclusive note, insurance renewal is an important exercise that no policyholder can give a miss. So getting preliminary information about renewal tips will be beneficial to maintain a positive track record. So follow the above tips and save some amount on your next car insurance renewal.

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During our growth and working years, there comes a stage where we all usually start thinking of our post-retirement life. We all wish to be well-prepared for our retirement before it heads up. But what kind of retirement do we expect? We often hear a majority of people categorically saying, “We want to get rid of this hustle and bustle of a city and find peace in a place amidst nature and indulge in activities that imbibes positivity.” So, to sum it all, we all want a healthy and happy retirement life.

Do you wonder how you can make your retirement life worth living? Following tips on an ideal retirement plan can help you attain what you expect!

1. Propose yourself a purpose

It is a misconception that retirement is all about sitting idle on the rocking chairs in verandas, sipping warm tea or coffee with newspapers in hands. Don’t ever fall to these false theories, as they can be devastating if they don’t satisfactorily address your question of why did you retire? Inactivity can lead to boredom and infuse stress into one’s lifestyle. Have an aim and utilize your retirement to check the boxes of the things you always wanted to do but couldn’t get time.

2. Be a wanderlust, think before downsizing

The majority of us skip a couple of our travel plans due to busy work lives. Retirement is the time you bring those plans into reality. Invest your time and savings into travelling and exploring the places because the intrepid in you wants to feel YOUNG!

3. Health is the most important wealth that matters

Never consider money before your health;

you already worked your heart out during your younger days. Retirement is when you repay your debts that you had taken from your bodies by keeping them fit. Design a proper diet plan and follow it. Have regular medical check-ups, practice meditation, yoga, and other physical activities that keep those bones and muscles perfect. Laughter therapies can be a blessing, also try to go on nature trails or simply go for a walk in the park to breathe in the fresh air.

Also, don’t stop working. Yes, if you can work, be it an easy job, consultancy or volunteer work, then continue to do so as it helps you in staying physically and mentally healthy. Also, passive income is always welcome, so count them too.

4. Be smart and invest smartly

Give importance to build a comprehensive investment plan, set your investment milestones, and develop strategies to achieve them. Focus on making rational decisions regarding your finances and assets. Don’t make the mistake of overlooking the taxes, as taxes can give an edge as compared to returns expected from your investments. Cut down your unnecessary expenses and try to save wherever you can.

The smart investment includes investing in Health Insurance , life, and accidental covers of you and your beloved. Old age comes with a risk factor of increased health aliments so as a responsible person, you should prepare yourself beforehand. It is also recommended to get

financial assistance from a good financial advisor as it can help you organize yourself when it comes to planning for the future.

5. “Love” can do wonders

Love here is more in a general way; you must continue to love every small thing that you used to do at your younger age. If you love road trips, pack your bag and go on one. If you love to own a pet, get one. There are several clubs and organizations that you can join to live your dreams and enjoy every inch of it. In all this, always extend your love and spend quality time with your family or partner to keep the spark ignited in your life too.

On a conclusive note, age is just a number; everyone is going to retire someday. Leave the concerns behind. Instead, show excitement about your retirement life by simply following the aforementioned tips. Wish you a healthy and happy retirement!

Health is wealth’, perhaps one of the most commonly used phrases that stand true for all of us. This phrase stands more relevant for elderly people present in our lives. As our body ages to its physical peak, there are increased chances of rising disorders and diseases that come with high costs.

Thanks to the presence of effective senior citizen health insurance policies; today, effective healthcare is no longer associated with heavy medical bills & expenses. This article guides you through senior citizen health insurance so that you won’t disrupt your life-savings & budget. Let’s get started!

Health Insurance for Senior Citizens

It is necessary for everyone to have health insurance but it becomes even more crucial in the case of senior citizens who are prone to falling sick due to the age factor. If you do not have a health insurance policy for the elderly, a simple health issue could turn into a big financial problem. Therefore, it is important to secure the future of the elderly with a good senior citizen health insurance policy.

What to Expect From This Article?

In this article we will discuss the reasons why one should buy health insurance for the elderly who are over 60. This article will also navigate you through the basic features to look out for, to help you find the best health insurance company in India.

Basic Characteristics and Benefits of Senior Citizen Health Insurance

Taking care of the elderly is our responsibility and buying a senior citizen Health Insurance policy is one of the best ways to fulfill it completely. However, things get confusing when you search for the ideal health insurance (the market is filled with a variety of insurance options). Even a simple query on the internet with ‘best health insurance company in India’ yields a number of results which could make it daunting for a first time consumer to choose from.

Well, it won’t be the situation anymore! Listed below are the basic characteristics to help you streamline the search process:

● Tax reduction due to the payment of insurance premiums

● Higher insured benefits

● Coverage of the OPD expenses

● Coverage of daily hospital expenses while admitted and receiving treatment such as usage of equipment like dialysis machines, chemotherapy, etc.

● Free annual health tests and medical check-ups

● Coverage of ambulance fees

● Cashless hospitalization benefits

● Coverage of the doctor’s fees

● Coverage of room charges

● Coverage of medical bills for more than 24 hours’ hospitalization

● Pre and Post hospitalization charges

● Full coverage of declared illnesses/ diseases

● Coverage of Pre-existing illnesses

● Seamless and quick financial settlements

● Hassle-free claim fulfilment

Things to Keep in Mind before Selecting a Health Insurance Policy for Senior Citizens:

1. Medical history: Formulate a well-documented medical history with age, risk factors, pre-existing illnesses et al. This helps in identifying a specific plan since there exist specific plans for specific illnesses. This also helps in availing the maximum benefits.

2. Declare correct information: It is important to disclose all the information and give correct details prior to the purchase of a plan. This is because incorrect or incomplete information can create trouble at the time of filing a claim.

3. Conduct proper market research and make comparisons: It is necessary to search for different types of policies that are out there to find the perfect fit for your elderly parents. Making a comparative analysis is the best way to conduct this search and select the perfect health insurance provider.

4. Insurance premium should not be the only criterion for comparison: While everyone wants to get the maximum benefits with minimum premium rates, it is not right to keep it as the sole criterion while selecting a policy.

Conclusion

Now that we have had a walkthrough of all the basics, we hope that this article will make your work easier while searching for a good health insurance policy.

Tips:

● Look out for a plan that provides value for money in terms of benefits.

● These benefits should also exist within your budget limit.

● Create a clear set of expectations so that you know what to search for.