GENERAL INSURANCE BLOG

Marine insurance companies offer a wide range of policies that cover any damage or loss to ships, cargo, terminals or transport by which products are transferred, held or acquired between the beginning and concluding points.

Marine insurance companiesin India cover offshore and onshore exposed property, (ports, container terminals, pipelines, oil platforms), marine casualty, and marine liability etc. It's an alternative to the general insurance specifically for those in the Marine industry or even in the trade industry.

All ship and yacht owners must have appropriate marine insurance keeping in mind the variety of risks at sea.

Importance of Marine Insurance

With India being known for its peculiar geography surrounded by water bodies on three sides and its fame for the earliest trade routes, we've only got better ever since. Marine Insurance is a must for getting easy grants and easy access ahead. It also makes a company more reliable as it has proper protection against different hazards and is legally ready to set off.

The marine industry today is a great source of imports, communication, influx and a means for people to travel to different parts of the world. We all know the stories of the uncertainty of the sea. Hence, it is important to be prepared for such unforeseen circumstances.

Benefits of Marine Insurance

Here are the following benefits insurance companies provide when you opt for Marine Insurance:

• Personalized Insurance - It's very important to find insurance that suits your needs and your business. Are you only trading goods or do you also have travellers and are in the cruise business? Don't worry! Marine insurance companies are now personalizing these important details as they're basic to the kind of hazards you'd want to prepare yourself for and these build the base for your insurance cover.
• All Risks Coverage - It's only foolish to choose risks and get protected by those when you're at sea and stranded, or your goods are not insured just because you didn't tick that option on your insurance form. While choosing Marine insurance, do look out for exclusions before you make a choice.
• Worldwide Claims - You need to stop worrying if you feel your marine insurance won't help in international waters. Marine insurances come with worldwide claims as well.

Now that you know all that comes with the insurance, here's all that your insurance should cover. There are different types of Marine Insurances.

• Liability Insurance - This insurance cover comes handy in case of any injury or damage due to unanticipated ship collisions and crashing even if it's due to persuaded attacks.
• Marine Cargo Insurance – It pertains to the personal belongings in ship voyages. The cargo owner is protected from the loss due to a ship accident and in case of delays in unloading. This also comes with third-party liability coverage and includes damage to the port and docks.
• Hull Insurance - This is chosen by the owner and caters to the hull and the body of the vessel along with other articles and furniture of the ship.
• Machinery Insurance - This insurance covers the machinery breakdown and damage and is duly compensated for.

With this extensive range of marine insurance, a businessman or a ship or yacht owners can be safe and protected against damages like theft or hijack collisions and accidents. Hence it is vital to have appropriate marine insurance if your business requires trade via the sea.

Health insurance is a type of policy that offers coverage for medical as well as surgical expenses incurred by the policyholder when they are hospitalized during the policy period. Most of the health insurances today provide coverage of daycare hospitalization, pre-hospitalization as well as post-hospitalization and the expenses incurred during these periods are either reimbursed to the insured individual or are paid to the healthcare provider directly.

There are many health insurance providers in India which provide numerous affordable health insurance plans for individuals and also for the whole family. Such health insurance plans have many different benefits, and each plan provides different types of coverage depending on the premium amount of the insurance.

Some of the common benefits that are given in most of the healthcare plans are: -

• One of the biggest benefits of a healthcare plan is the cashless settlement of claims. Most of the times the insurance provider will directly transfer the claim amount to the healthcare provider instead of reimbursing the amount to the insured individual.
• Most of the insurance providers cover almost all the major hospitals of the country, and you can use your health card to claim the benefits of your insurance at the hospitals covered by your insurance. There is almost 50% to 75% coverage of the major hospitals in the country with all the big names included in the list.
• You get the premium amount of the insurance tailored according to your needs. You can get the plan for an individual or for all the members of your family, and the premium will be decided based on the age group of all the members of the family. You can also get different insurances for all of your family members if you require.
• Once you buy an affordable health insurance plan, you also get the benefit of free medical checkup for every claim-free year. You can use this benefit to get a complete body checkup.
• In case of a medical emergency that arises suddenly, it can take away all your financial savings for the treatment of the individual very quickly. If you have health insurance, you will have a peace of mind because you will be able to provide financially for the treatment of the particular disease or problem.
• There are many different insurance plans available depending on the maximum entry age of the individual they allow for the insurance. Many insurance providers set a maximum entry age limit of 80 years while there are some insurance providers that have plans with no upper limit on the maximum entry age.
• Nowadays, you can buy an affordable health insurance plan online and pay the premiums online as well. You don’t need to visit the office of the insurance provider to buy the insurance, just compare all the available health insurance plans and buy the one that suits your needs the best. The healthcare plans are active for 1 year, and after that period, you need to renew it. This renewal can be easily done online as well.
• The health care plans are available with a range of coverage that starts from 5 lakhs and can reach to crores of rupees. Choose the one that is most affordable for you and you will have to pay the premium for the plan accordingly.

You need to consider some things before you decide on buying a particular healthcare plan of which financial comes at first. You have to pay the premium yearly, and that premium should be such that it does not cause a problem to you financially so proper care should be taken while buying a healthcare plan.

As everyone knows, cancer is quite dangerous and can lead to death. This is the reason that many individuals specifically opt for a cancer cover with their health insurance policy. But it is pertinent to mention here that merely subscribing for a cancer cover is not adequate. You also need to pay attention to timely health insurance policy renewal for continued coverage. Cancer prevention tips can be quite misleading at times. You may have noticed that different people and websites have different approaches and opinions towards cancer prevention. But, it is quite evident that the kind of lifestyle you lead has a very high impact on cancer prevention. So, just a few changes in how you lead your life can prevent cancer by a lot. Following are a few straightforward ways to prevent cancer: -

1. The fact that chewing tobacco makes you highly prone to cancer is not new to people. Using tobacco in any way, like chewing it or smoking it, etc. is highly hazardous to your life. Consumption of tobacco in any form can cause several cancers like lung cancer, mouth cancer, throat cancer, cancer of the larynx, cancer of the pancreas, etc. chewing tobacco can cause cancer of the mouth and pancreas. Secondhand smoke that you can get by even staying in the vicinity of smokers can also cause lung cancer.

2. Obese people are also quite prone to cancer. Maintaining a healthy weight also reduces your risk of cancer. Physical activity is essential and can help keep your weight in check. Try getting at least 50 minutes of exercise to gain healthy weight. There are other ways in which you can maintain a healthy weight, and that is by maintaining a healthy diet.

3. A healthy diet is vital. It can help prevent cancer. A healthy diet includes different types of fruits and vegetables - eat green vegetables, eat nuts, eat light foods. Drink moderate amounts of alcohol if you have to, limit processed meats in your diet, also food with olive oil decreases your chances of breast cancer.

4. Too much sun can also make you vulnerable to the risk of cancer. To avoid these risks, avoid the midday sun, try staying in the shade, try covering all your body parts, and use a good sunscreen.

5. Your dose of vaccines must be completed. Protection against viral diseases like hepatitis B or human papillomavirus (HPV), is also considered prevention against cancer.

6. Some things must be done for general health. These things also act as preventive measures of cancer. Other than maintaining general health protocols, you must make sure that you practice safe sex and don’t share needles for any reason.

7. Make sure to get yourself checked from time to time. These checkups give you a rundown on your general health and can point out even the minutest problems. You should get this exam done at regular intervals, especially after the age of 30.

Cancer is a deadly ailment. Mentioned above are a few effortless ways in which you can become less prone to cancer. Some cancers cannot be avoided, but taking precautions to prevent the ones that you can is essential. Make sure that you pay attention to your HEALTH INSURANCE policy

Cars are a great means of making your daily commute easier since they allow you to travel at any point in the day, according to your schedule and not that of the metro or the public bus. So, it is no surprise that most people prefer to have a car. However, they are quite expensive and are a major investment. In such a case, many choose to buy a used car, also known as a second-hand car and then buy a car insurance policy online. If you are the one selling your car to someone, there are a few things you must consider, and they are as follows: -

Get All the Paperwork in Order: Since it is a vehicle that you are selling, it is important that you organise all the paperwork that came with it, which includes the registration certificate, pollution certificate, documents pertaining to its servicing, Regional Transport Office (RTO) tax receipts or files, etc. since the new owner would need them for various legal purposes such as paying taxes.

Update Your Insurance Company: As a car owner, you most probably have car insurance to protect you from any unwanted expenses or damages. When you are planning on selling your car, contact the insurance company to inform them of the same, and to try to transfer the policy onto your new vehicle or to claim the credit in the event that your car was well-maintained. Your insurance policy shall not transfer to the new owner unless you wish for it too.

Evaluate the Cost: You do not wish to lose money when you sell your car, even if the chances of earning a profit are low. Make sure to check the price of the car in the showroom and to do thorough research on the mean price of the same car but in a used condition. It is best to consult a car trader since they would be able to quote the best prices for your car.

Keep it Clean: Just because you have decided to give it away does not mean you should no longer take care of it. The new owners would be paying a decent amount for the car, and it is only fair that they receive it in good condition. Get it cleaned or even serviced before you finally sell it since seeing the car in poor condition could discourage the potential buyer from going through with the transaction.

Decide Who You Want to Sell the Car: One of the most important decisions to make is regarding the car’s buyer. You need to evaluate the various options and decide whether you want to sell the car to a complete stranger, an independent car dealer or to the original car dealership. Once you do make the decision, do not forget to conduct a thorough background check before you actually hand it over.

Selling your car or buying a second-hand car is a major decision, one which must be made after proper consideration. No matter what the case it, make sure to buy a car insurance policy online or offline to minimise the effects of any damages that may occur in the future. Also, make sure that you renew the policy on time to enjoy continued protection.

Owning a bike may be a necessity for someone and a status symbol or merely a pleasure deriving activity for some other one. Owning a motorcycle is not a pleasure gaining fun, but some technical and financial terms protect the bike and the owner from some unwanted conditions or accidents. Taking care of your motorcycle by maintaining regular servicing and inflated tyres are just not the only deal to be done.

Additionally, you must have a comprehensive insurance policy to safeguard yourself and your bike against any unwanted losses. These situations can be damage to the vehicle by a third party when it was parked or in use or if it goes missing because of an act of theft. It becomes a necessary and essential decision in India to take bike insurance while buying a new bike.

While subscribing to bike insurance online in India or through traditional channels, there are specific important terms that the owner or the first party must keep in mind so that there are no chances of any future confusion and disputes.

Some standard terms related to bike insurance that you must be aware of are –

Premium - It is the amount that is paid by the first party to the second party for providing the insurance policy until the valid policy duration. This amount depends on multiple factors like the age, condition, model, actual price, area of registration of the vehicle. This amount is paid before or during the period of buying the policy.

Claim - It is the maximum monetary liability of the insurance company in case if the policyholder files a claim.

Insured declared value (IDV) - This is the maximum sum assured fixed by the insurer, which is provided on theft or total loss of the vehicle. IDV is the current market value of the vehicle.

No Claim Bonus (NCB) - It is a discount offered to the policyholder for not making any claim during the entire policy duration.

• First Party - This is the owner of the policy and the vehicle that buys the insurance policy and needs to pay the premium of the insurance.
• Second Party - This is the insurance company that provides the insurance policy to the first party.
• Third-Party - The third party represents the person or property involved in the accident between the first party and itself.

Bike insurance is nothing less than a healthcare plan for your bike, and many insurance companies provide BIKE INSURANCE ONLINE IN INDIA . These companies make it easier for the user to buy an insurance policy from home and pay the premium online with the help of online cash transfer. Various covers that are available under a bike insurance policy are accident, fire, theft, natural calamities, third party losses, and bike owner cover.

When you purchase bike insurance online in India, you have the option of subscribing for additional policy riders for better protection. Buying a bike insurance policy is essential in today’s world as there is no guarantee of a mishappening that may occur at any point in time. It may sound harsh, but it is unpredictable that when and where there may occur a loss of life and property.

Buying a car, be it new or used, is a big event for any family because who doesn’t want to enjoy the perks that come with your car. However, while investing in a second-hand car, it is essential to make sure that there a specific set of documents that are always there with you. Here are all the documents that are required for buying a used car from a private seller: -

Insurance Documents you intend to continue the existing insurance policy, it is important to check the private car insurance documents thoroughly for the vehicle. Once you are satisfied, then the insurance policy must be transferred to your name. This process must be completed before the sale takes place. You must make sure if the previous premium was paid regularly or not and the claim history of the seller, along with the expiry date of the policy. There should be a clear concept about the terms and conditions that have been mentioned in the documentation.

• Registration certificate is an important document since the engine number, and the chassis number is mentioned in this. The buyer should check the state in which the vehicle was initially registered since you might move to another state, and such details are crucial.
• Invoice and service book should be an invoice for the car purchase that must be handed over to you as a buyer. While this may be tough if you are buying it from an individual buyer, since only established companies provide that, you can always ask for a formal receipt to state the same. The service books are yet another important component that must be passed on since it provides the servicing history of the car and gives a better idea about the condition it was purchased in. A car that has been serviced at regular intervals has a better chance of being in a better condition.
• Road tax receipts is paid only once, that is, at the time of registration of the car by the first owner; however, if this hasn’t been paid, then it can accumulate into significant penalty over the years wherein it can occur on the latest owner too. The road tax in various states varies a lot and usually oscillates between 2 to 18 per cent, and it is the primary responsibility of the seller to provide with the receipt.
• Bi-fuel kit certification the vehicle has been retrofitted with a CNG or LPG kit. You must ask for a registration certification wherein both the fuel-types have been endorsed along with the no-objection certificate provided by the RTO, stating the same. These documents are required mandatorily when you subscribe to Private Car Insurance In India . This fuel kit usually has a guarantee of 5 years from the time it was fitted to the vehicle, and you must ensure to ask the seller about the purchase receipt of the kit too.

These are some of the vital documents that must be secured when buying a car from a private seller as they help in preserving buyers rights. Moreover, having original copies of these documents comes handy in the future as well.

Health insurance marketplaces in India have been created to reach out to customers with different insurance schemes, which are customized to cover the needs of people with various needs. These health insurance marketplaces are also referred to as aggregators of insurance products as they bring together different insurance companies and their offers. There are different insurance companies and insurance providers that provide the audience with various schemes that they can choose suiting their needs. These marketplaces are designed in such a way that people can compare multiple plans extremely easily and hence select the best one for them. Many people find these marketplaces to be extremely convenient as they can help you find the best insurance policy for yourself.

• How These Marketplaces FunctionAs mentioned
• How These Marketplaces FunctionAs mentioned above, these marketplaces are insurance product aggregators and bring together different insurance companies and providers who bring forth their various insurance offers.
• They then tie-up with different insurance brokers who provide them with information about the price, benefits, etc. The marketplaces then display this information on their websites.
• People can refer to this information and see the different offers and finally decide on which health insurance plan they want to opt.
• Usually, such marketplaces don’t charge anything for the information and offers that are provided on their websites.
• Benefits Of Health Insurance Marketplaces
• The main aim of health insurance marketplaces is to provide their audience with the kind of health insurance plan that best suits them. They do their best by bringing in multiple insurance companies and hence numerous insurance plans. This gives customers different plans to choose from as per their requirements.
• A significant benefit is being able to compare various insurance plans and then choosing the right one, so you don’t miss out on anyone.
• Usually, these marketplaces are found online; this enables you to analyze a specific insurance company over the online reviews and ratings it has received as well.
• Marketplaces being online has another benefit as you can renew health insurance online as well.
• Also, the procedure included is swift and quick, and you don’t need to spend too much time doing it.
• As the feedback that these health insurance marketplaces got was excellent, several prominent insurance companies have started providing marketplace customers better offers.
• If you have any doubt, almost all insurance aggregators have 24 into seven customer service where you can get all your questions cleared and then move ahead with a clear head.
• You can be assured that if you choose a renowned insurance marketplace and a good insurance company, you will have nothing to worry about in terms of the policy. These insurance marketplaces are incredibly safe and can provide you with all the assistance you need in terms of health insurance.

With the fast-developing technology and world, we need to move fast and smart as well. Health insurance is essential and can be of enormous help if required. Medical bills are not easy to cover, but health insurance can help you. The benefits that you can avail through a marketplace are proof that health insurance marketplaces can help you find the right insurance for you and your family and allow you to renew health insurance online as well.

Many times it is when we have come across a mourning family who have lost their near and dear one due to heart disease. The question of what will happen next to the grieving family immediately turns up. Any heart disease is a fatal health crisis that must be tackled the right way through the correct information. Subscribing to a HEALTH INSURANCE POLICY FOR A FAMILY is a must in today’s world, but even more important is to analyze and avoid the factors that lead to heart diseases and hence, must be treated at all costs. Here are some of the most common factors that lead to heart diseases include: -

• High and low HDL (cholesterol)
• Uncontrolled high pressure
• Physical stagnancy
• No control over diabetes
• Smoking
• Inadequate diet
• Consumption of alcohol
• Obesity (especially with a BMI greater than 25)
• Presence of high C-protein

How can one treat these components?

Following are some of the most common ways in which you can quickly get a grip over the health of your heart and get a better understanding of its importance: -

• Say no to smoking Smokers are always at a risk of heart attack and usually twice at the risk of suffering from heart disease compared to non-smokers. They are most likely to die from it, too, since they are exposed to a high level of tobacco.
• Fight cholesterol The total amount of cholesterol is directly proportional to the risk of facing heart disease. The ideal total cholesterol goal should be around 200mg/dl. The interpretation and understanding of cholesterol levels must be considered along with the various risk factors that persist for heart disease. An ideal diet is the one which is low in cholesterol and has saturated or trans fat, along with high complex carbohydrates since it automatically reduces the risk for heart disease.
• Keep a tab on the blood pressure High blood pressure is one of the most common ways of suffering from a heart attack. Most adults say about one in every three suffers from systolic blood pressure. Like cholesterol, even blood pressure must be individualized as a unique component in analyzing the risk factors. Blood pressure can be controlled through regular exercise, weight management, and checking on the consumption of salt.
• Fight diabetes Diabetes is one of the fatal factors that can lead to intense damage to your heart. A sedentary lifestyle must be given up for a more active one, where exercise is one of the most integral parts of your daily routine. Even activities like gardening and morning walks are extremely helpful in keeping diseases at bay. More vigorous activities are associated with higher benefits such as aerobics and swimming, but it is always good to keep an advisor in the loop.
• Eat right and sleep well Increase your intake of nutrient-rich food, especially content which has a high number of antioxidants and has proven themselves to lower the risk of heart disease. Nuts, fruits, and vegetables are also essential to maintain your diet. Indulge in some anger management techniques and practice yoga or mediation to experience the benefits. Give your body at least 7-8 hours of proper sleep.

All these steps are important, but it is also essential to buy a health insurance policy for family, which will always safeguard them in the direst of situations.