GENERAL INSURANCE BLOG

After your home, automobiles are probably the second most valuable assets you possess. Automobiles are machines, and they'll undergo wear and tear with time, demanding a proper service at regular intervals.

It's only natural that you'd want to locate a mechanic who would adequately care for your car while keeping your best interests in mind. Here as we are talking about maintenance and safety features of your vehicle, so doubly ensure by dealing with only experienced mechanic or repair workshops.

There are hundreds of mechanics available in your vicinity, and making the right choice isn't always straightforward. So, let's have a look at some questions to ask when selecting a mechanic to ensure you receive the most satisfactory job for your vehicle.

Is the mechanic certified? Car manufacturers or other reputed training institutes certify some technicians to work on specific types of vehicles. If a technician gets a proper certification, it implies they've completed necessary exams and are knowledgeable about the various brands of cars. Therefore, it's always best to go for certified mechanics as you won't agree to hand over your priceless possession to an amateur person.

What is mechanic's reputation in the market? Make sure to look over the mechanic's reputation. Find out how good their service is by checking their website or any other trusted online forum for reviews. Also, ask around your petrolhead friends for inputs. A reputable mechanic will always give you better service than the competition.

What are their charges? Nobody wishes to pay an arm and a leg to get their automobile serviced. It might be challenging to locate a skilled mechanic who isn't overly expensive, but it is doable. Look for certified and self-employed mechanics who run their businesses since they are generally the most economical. If you have good car insurance coverage, it will be easier for you to pay the fees of a mechanic as most of the excellent insurance coverages offer an add-on for car servicing and repairs.

What guarantee do they offer on the repaired parts? Although many technicians provide a guarantee or warranty on their services, some do not. If possible, choose a mechanic that gives a warranty; otherwise, you will face difficulty if the problem reappears.

How convenient is to reach the garage from your place? Having a mechanic close to your workplace or home is both handy and cost-effective. It helps you save money by removing the need to travel long distances and makes it easier to monitor the progress of the repairs. You may also swiftly return to the workshop for any extra service, if necessary.

Are they good at communicating? Speak with potential mechanics and observe their approach when dealing with you. If they have time to sit down with you and explain things or go over what's wrong with your automobile, there's a good likelihood they'll take the necessary time while servicing it. If they don't have time to talk with you, on the other hand, there's a strong possibility they'll speed through the work and overlook minor things that can have significant consequences later.

Final thought: A skilled mechanic will play an essential part in keeping your automobile in good working condition and serving you for an extended period. As you look for the perfect mechanic for your car, don't forget to pair it with reliable car insurance to help you cover your repairing cost at the garage.

Click HERE to know about the best car insurance coverages…

Life is full of turns and twists, making it thrilling and happening, but every turn comes with a different experience that can sometimes set you back. No one can predict what the future holds, but we can secure it.

Under the umbrella of the General Insurance sector in India, several insurance plans protect our assets from all aspects of unexpected risks. These plans provide us with a financial cover for valuable assets like a car, motorbike, house, etc., against an economic loss caused by unforeseen events like accidents, theft, burglary, natural calamities, etc.

We will see the preliminaries one should know about General Insurance and why one should choose it.

Why do you need General Insurance? Your priority is your safety, followed by the avoidance of any mess. But at times, you may experience unexpected losses that you are entirely unaware of. In such cases, insurance is your best friend. A good coverage plan from a reputed general insurance company can act as your assistant in covering economic losses which otherwise would be heavy on your pockets.

Advantages of having general insurance:

• In the event of an emergency, insurance will be your financial protection. It will repay you for the losses and expenses you had and keep the load off your wallet.

• Some insurance policies are mandatory by law. E.g., in India, a motor insurance policy is mandated under the Motor Vehicles Act of 1988. When you purchase such policies, you fulfil a legal responsibility by avoiding violations.

• Tax advantages are available with health insurance policies, which are a form of general insurance plan. Premium paid for such schemes are deductible under Section 80D. Such a type of deduction reduces taxable income, lessens your burden, and allows you to reserve some money.

Types of General Insurance in India:

1. Health Insurance: Health insurance plans provide you with a double bonanza by securing your health and wealth at the same time. It covers all the medical expenditures incurred during accidents, illness, or injury, including hospitalisation fees, doctor consultation fees, or medicines costs. One can pay it monthly or annually, depending on their convenience.

2. Motor Insurance: Motor insurance coverage financially secures your vehicles from any potential risks. The policyholder's two-wheeler or car is subjected to compensation against damages caused by accidents or any other dangers.

3. Property Insurance: Property insurance can protect your property against any risks or damages to it, such as theft, burglary/housebreaking, fire or damages due to natural calamities.

4. Travel Insurance: Travel insurance provides you with compensation for financial losses due to flight cancellation, trip interruption, delays, baggage loss, or any mishap during your trip.

Required document while buying General Insurance:

- Proposal form of the policy

- Identity card, Age proof, and Address proof

- Passport size photographs

- Documents of the assets that are to be covered

- Other supportive documents that the company may ask

When should I buy insurance? The answer, in most cases, will be a resounding "now". It protects your life, family or assets for a specified period, as long you pay timely premiums. So whether you are an unshakable optimist, a thorough planner, or someone who prefers to go with the flow, obtaining an insurance policy from a trusted general insurance company provides you risk cover and precious peace of mind.

So if you don't have the best insurance plans already, HERE is what you need to know…

The insurance industry in our country is experiencing an IT revolution. It is gaining a competitive edge in innovation and advancements in technology. The insurance companies have also adapted their business models to become more relevant and approachable online to cater to their growing online customer base.

The new work-from-home culture and series of lockdowns are further fuelling the online process to a greater extent. Result of which, the economic advantages of digital transformation in India have been highly encouraging. More people are inclining towards getting insurance online for their vehicles insurance policies. As per the Finance Ministry and IRDAI, the Insurance sector is expected to grow by 40-50% in the next half a decade.

So how exactly is the digitization of the insurance sector helping you with your bike insurance online? Let us answer it here.

1. Quick and Easy buying process: The digitization of insurance purchases has made it easier and faster. Earlier, a lot of documentation was required to obtain two-wheeler insurance offline, including visits to the insurance company's branch offices. It is now possible to buy insurance entirely online, with no physical paperwork. The shift is unquestionably a beneficial one.

2. Reduced total policy premium: Several insurance companies offer bike insurance online, allowing clients to browse all their policies features. Because of this, fewer intermediaries, agents and other personnel influence get involved. The company also has to spend less on stationery and other office resources by skipping all expenses mentioned above. Therefore, the total operating costs for the insurance are reducible. That is why online bike insurances are generally offered at reasonable rates in comparison to offline purchases.

3. The option of comparing different policies instantaneously: Today, all insurance firms display the features, premium amount, and T and C (terms and conditions) online. Therefore, the buyer can access these parameters of different companies all at once and compare multiple policies in one location, verify their requirements and make an intelligent choice. Thus, the role of mediators reduces, and the customers make a more informed decision.

4. Claim settlements made easier: Due to digitization, not only the process of acquiring bike insurance online got smoother, but also the process of settling a claim. It is now possible to register a claim immediately on the website. Fill in the incident's details and gather the relevant papers. One of the insurance inspectors will visit the accident scene and check the damage caused to the vehicle, and will prepare a claim estimate. The consumer can then track their claim status online by entering the claim number in the tracking window.

What impact will digitization have in the years to come? Digital technology is already influencing the purchasing habits of people. Insurance companies and agents will work seamlessly together in the future to provide better online customer support. In addition, insurtech solutions will be tested in a more controlled environment thanks to the new rules by the IRDAI. In the next five years, digitization will also help insurance reach India's semi-urban and rural segments.

Click HERE to get the best bike insurance online now.

Accidents can sometimes cause severe damages, disability and, in the worst-case scenario, even death. Situations like these can have an unfortunate effect on a person's financial stability. Unfortunately, no one can predict accidents but can protect or cover for such incidents.

Therefore, a sensible choice is to get personal accident insurance online at your convenience.

As the name suggests, personal accident insurance gives you cover from any mishaps that come your way unannounced. A personal accident policy is, however, much more beneficial than only covering for your losses.

Let us look further at the benefits you didn't know about personal accident policy.

1. Provides 100% sum insured:

No matter the cause, the nominee gets a 100% claim on the cover in case of accidents. If, unfortunately, the insured person dies in an accident, the kin of the policy can claim the entire coverage amount. Minor injuries like fractures, burns, stitches are also covered under the policy, depending on the inclusions.

2. No change in the premium:

Another benefit of this policy is that the cost of premium stays the same throughout time. It will neither increase nor decrease. Also, the policy provides renewable lifetime coverage.

3. The whole family can be covered in one policy:

A complete personal accident family insurance plan can cover an entire family from unfortunate circumstances under just one policy. All you ought to do is choose a policy that provides coverage for each family member of the policyholder's.

4. You don't require preliminary medical tests:

As accidents happen irrespective of a person's medical history or state, unlike any standard health insurance, personal accident insurance does not seek any previous medical tests for the policyholders.

5. It is even more affordable when purchased online:

As we all know, buying insurance online is a lot easier than offline. Major insurers recommend that these policies be purchased online and offer a lower premium that adds to the savings in some circumstances.

6. Daily cash allowance:

An excellent feature of a personal accident policy is setting up a daily allowance amount for the insured. If the victim needs to spend on hospital bills, regular check-ups or hospitalisation, they will not be out of cash.

One can never be too careful when it comes to inevitable situations. Likewise, the safety of yourself and your family can never be thorough. Even the most cautious person can be caught up in an accident and get hurt. Policies like personal accident insurance can save you a lot of inconvenience during trouble times.

While almost all insurance companies offer personal accident insurance coverage, it's less unlikely that your agent will share the importance of this policy with you. These are not very popular policies because of the low commission to the agents. So take some time out of your schedule and get personal accident insurance online.

To know more about online 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.