GENERAL INSURANCE BLOG

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.

We all can debate if mental health is as crucial as physical health. Because of our stressful lifestyles, it is necessary to stay both mentally and physically fit. Nowadays, doctors, fitness and wellness experts recommend equal attention to a person's mental health, which seems reasonable.

Is mental illness covered in health insurance? Any person who is buying health insurance would have this query in mind. The answer is "yes". The IRDAI (Insurance Regulatory and Development Authority of India) has also made it mandatory for insurance companies to have policies with mental illness coverage. Every insurance company has to keep coverage for treating a mental illness in the same way they cover physical ailments.

We explain in this article how a health insurance policy can take care of financial emergencies arising out of any mental illness.

What are mental health and mental illness?

Characteristics such as psychological wellbeing, behaviour, emotions, cognition, and socialising make up a person's mental health. Each of these influences how we act, think, respond and feel. It also plays a role in our decision-making, interactions, and other functional activities. Mental illness refers to the situation when at least one of the characteristics mentioned above falls short in performing their role, and an imbalance occurs in a person's mind. It affects their thinking ability, decisions, behaviour, grasping, responses, memory, and the like.

Facts to know about mental illness coverage in health insurance.

Here are some factors you should know about mental illness and how it is covered in a health insurance policy:

- Just like any physical health insurance, mental health insurance covers your expenses of treatments, hospitalisation, medications, etc.

- Any person suffering from overthinking, moodiness, anxiousness, depression, loss of memory, coordination inability, and the rest is considered mentally ill and can opt for a mental health insurance policy

- Mental health insurance also gives you cashless services like comprehensive insurances

- Unfortunately, mental health insurance does not cover retardation

- The benefits and claim process may differ from one patient to another

- Illnesses resulting from the consumption of drugs or alcohol are excluded from the coverage

- It is more advisable to include mental health insurance in the initial stage with health insurance

Final thoughts:

As we lead a stressful lifestyle, investing in mental health insurance is undoubtedly a wise decision for every health insurance policyholder. We spend a lot of time discussing our physical wellness and weight loss plans, but not nearly enough about our mental wellbeing. Every third person you come across may be suffering from some kind of mental issue. Although there is still a taboo of mental illness being inferior and shameful, it is remarkable how IRDAI acknowledges this concern and makes it compulsory for insurance companies to cover mental disorders.

Though the policies have some exclusions and restrictions, it is only equitable for the insurance companies to provide you with the best available facilities even in emergency.

HAVE A LOOK AT VARIOUS HEALTH INSURANCE PLANS THAT WILL SAVE YOU MONEY. CLICK HERE…

In India, health care has become a major expense than ever before, with 15% annual inflation. Given the increase in lifestyle-related diseases in current times, long term health insurance is unquestionably the most cost-effective and viable choice.

Most people in their early 20s and 30s believe that they are healthy and nothing will happen to them ever. But a most concerning question flickers in our mind that as we grow old, "Is someone going to be our support system at the times when we will need them the most?" At this point, something like "Long-term Health insurance" kicks in.

Today, with higher awareness regarding health issues and well-being, a long term Health Insurance plan provides you hassle-free safety assurance. Consider these four questions to see the advantages of long-term health insurance and why should you buy it at an early age.

What is Long-Term Health Insurance?

Long-term Health insurance lasts for a long tenure, say about 2 to 3 years. Therefore, you can lock up your coverage for 2-3 long years rather than monthly or quarterly. It keeps the policyholder relieved from the medical expenses and acts as practical support against unannounced diseases.

Why should you consider and opt for Long-term Health insurance?

The most notable advantage for the policyholder is that you no longer have to renew your policy every year when you opt for a long-term insurance plan. Also, long term plans are likely to come with a discounted premium compared to other plans.

Who cannot take advantage of this plan?

Senior citizens cannot claim for this plan. Health insurance companies consider senior citizens at high risk. It is advisable to get long-term insurance during your younger and working days to secure your post-retirement life.

What are the other perks of long-term insurance?

Long-term health insurance provides more advantages over regular health insurance. Some of the benefits include –

1. You don't need to worry about renewals: The long-term policy helps avoid yearly renewals. Also, during the policy period, it covers unannounced diseases. It also provides a good discount on premiums in comparison to short-term policy plans.

2. An excellent tax waiver: Long-term insurance plans not only give you a shield for health but are also crucial for tax saving. If you get a health insurance plan for yourself or your family members, you can avail a tax exemption under Income Tax Act, section 80D.

3. Chance to cover pre-existing health issues: While many insurance firms do not cover the pre-existing diseases or health issues under the short-term policy, the long term insurance can provide you a solution here. The cost of the premium may vary depending upon the age of the policyholder.

Lastly, look at the different plans available and buy a 

health insurance plan

 which is the best fit for your needs. Medical expenses can drain a lot of money, but long-term health insurance can reduce the financial burden. Long-term health insurance is undoubtedly one of the best solutions to health expenses in the future.

Do You Consider Health As A Priority? Then Click Here To Know The Best Long-Term Health Insurance Plan For You.

Skills like swimming, playing body-accelerating sports, and riding a cycle on their own are must-have skills for any kid entering their teen years. Although kids learn the most skills independently, they still require an instructor or parents to help them master many skills. And that is a brilliant opportunity for a parent to grab and spend quality time teaching them while also having fun.

Teaching a child how to ride cycle is a no-brainer for a parent, but implementing the following tips can smoothen the process, and your child will learn to cycle in no time.

1. Find a grassy location:
Although most people might look for a spot where the surface is smooth, it is crucial to know that smooth flooring can result in faster acceleration even without the child’s efforts, and the cycle might move at high speed. So, always look for a grassy surface; even if your child accidentally falls from the bike, the impact might not be severe.

2. Avoid holding their cycle all the time:
Usually, parents or any instructor teaching a child how to cycle, hold it from the back for support and balance. Although it can give the child a good head start, gradually, it can become a practice, and the child might look for your support now and then. Hence, slowly get rid of giving them balance and start over again if they lose balance.

3. Lower the cycle’s seat:
A cycle sold for kids comes with training wheels and a high lifted seat, but it isn’t going to help in any way for a child to learn how to cycle. Instead, lowering the seat reduces the child’s fear of falling from height and allows their feet to touch the ground directly.

4. Tell your child to look forward:
It is natural for a child to look at their feet when cycling to ensure that they are not missing a leg while pedalling. However, your child should know what is ahead of them to avoid collisions with obstacles. You can talk it out in their language, like telling them that you do not look at the remote but the screen when playing video games. Similarly, they should not look at the feet but the direction they are riding.

5. Teach kangaroo hops for balance:
Although kangaroo hops are done without using a cycle, these can be an efficient way to increase their balance while riding. For example, get your child seated on their bike and tell them to start giving movements with their feet touching the ground, similar to kangaroo hops.

6. Proceed with pedalling:
Once your child successfully learns to balance a cycle, they are almost there. A little push on teaching the technicalities of pedals to move the cycle can instantly get them to master the skill. Then, slowly, tell them to press one pedal after another and practice it for a while.

7. How to apply the brakes:
After pedalling, the only thing that your child needs to learn is stopping the cycle on their own. Have them ride around you for a while and instruct them on using brakes when necessary.

As a parent, you should also be aware of unfortunate events that might result in injuries during the process. But, despite numerous falls and failures, don’t stop your child from pushing themselves.

Let them grind, make them feel the urge to struggle, and motivate them to rise again and try with the same vigour. Never deprive or restrict your child from taking on adventures, trying new activities, and imbibing unique experiences due to the fear of getting injured. Instead, invest in personal accident insurance online and contribute to your child’s growth years with the layer of protection.

Click HERE to know more about the personal accident 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.

Not many people are familiar with the term cooling-off period in health insurance. So let us take a quick look at what it means and how it affects you during Covid time.

The cooling-off period, also known as the waiting period in health insurance, is the time during which you are not eligible for claiming particular benefits of any insurance policy. This period lasts from about a few weeks to even months.

Recently, many insurance companies are initiating coverage for covid-19 related treatment, however, there is a “cooling-off” period for patients recovering from covid-19 and buying health insurance. Since some people may be asymptomatic and can later be diagnosed with the coronavirus, there is a waiting time of over three months before signing up for health insurance.

Why are companies choosing to opt for the cooling-off period?

- First, there is still not a completely accurate test for detection of the virus, and there have been cases where a contacted person tested negative and vice versa

- The after-effects are still unclear and give rise to complications to create a specific policy for the recovered/suffering patients

- The cooling-off period gives an adequate amount of time to assess a customer’s proper health, hence leaving time for an appropriate judgment for the insurance company

- It buys the company enough time to make preparations for all kinds of emergency services. But, of course, this impacts the policy’s claim in case of difficult situations

Can we avoid the cooling-off period?

You can try and avoid the cooling-off period with the help of the following instructions:

- You can purchase health insurance before the coronavirus infects you. This will help you enjoy the exclusive benefits of your health cover without any hindrance due to the cooling-off period

- Be sure to check all the terms and conditions while purchasing health insurance cover for Covid

- Do not keep any information that can later cause trouble in claiming the benefits

- Keep your health insurance policy up-to-date and renew it from time to time

To sum it up, getting a health insurance coverage policy and drawing the benefits of the cooling-off period before the coronavirus affects you is of great importance. To stay off from any troubles when claiming the benefits of your insurance cover, we suggest purchasing health insurance right at the time when you are healthy and show no signs of Covid.

Insurance companies presently offer various promising online health insurance plans. Looking at the current scenario, purchasing online health insurance might be the best option. People try to avoid visiting places and contact others, and being online just saves you from doing so.

Look for a suitable policy right away and secure your own and your family’s health to avoid a cooling-off period. Always disclose all the essential health information when buying the policy so that you can prevent any rejection of the claim later on.

TO KNOW THE ADVANTAGES AND FEATURES OF A SUITABLE HEALTH INSURANCE PLAN FOR YOU, CLICK HERE…

With all types of car insurance available out there, which one should you go for? Many vehicle owners get confused by unfamiliar terms and calculations. Buying car insurance is undoubtedly necessary as it protects you from financial trouble. However, selecting it based on lower premiums and skipping other important features about car insurance may not be a good option; if you don't know some lesser-known yet important facts.

So to help you with decision-making for the best car insurance or car insurance renewal, here are seven things you should know about car insurance.

1. Factors that determine your premium:

Although every insurance company applies its own formula for calculating premiums, there are some basic factors used by all of them. The list includes the model, engine, type of your car, current condition of the vehicle, Insured Declared Value (IDV), your age and marital status, etc. This information helps the insurer to evaluate risk and computing the premium for your car insurance.

2. You can save on your insurance premium:

Yes! You heard it right. And this might get you a considerable discount on the insurance premium that you have to pay. You may be eligible for discounts if you have anti-theft devices installed, buying insurance online, or applying for multi-year coverage, among others. There are several ways to lower your insurance premium. Double check with the insurance company on discounts available to you or when to use your no claim bonus.

3. Zero depreciation on damage:

When you make a claim, your car insurance company subtracts the depreciation costs from the cost of the components even before the determination of the claim amount. If your policy includes a zero depreciation cover, your insurer reimburses you for the cost of the components, including depreciation. Purchasing a zero-depreciation policy would raise your premium slightly, but the added coverage is well worth it.

4. Get rewarded in the form of No-Claim Bonus:

Did you know that you are eligible for rewards in the form of bonuses for not using your insurance? For example, insurance companies will offer you a No-Claim Bonus if you do not file a claim during the policy period. It's a premium discount that works as an incentive for improved driving and prevents individuals from claiming tiny amounts.

5. Insurance is transferable:

If you're the second owner of a car and the vehicle's insurance is in the first owner's name, you need not buy a new one. All insurance companies offer car insurance renewal and transfer of insurance to the second owner. All you need to do is to provide the transfer forms with the relevant document to the insurance company, and it's done.

6. The insurer can cancel your insurance:

If you break one or more of your policy's rules during the policy period, your insurance provider has the right to cancel your coverage at any time. The same is true for non-renewal. Failure to pay your premium on time, losing your driver's license due to suspension or revocation, filing too many at-fault claims, or lying about your driving history or prior insurance claims might be grounds for cancellation or non-renewal.

7. All insurers have different premiums:

While the insurance regulation sets the prices for third-party liability insurance, the premiums for all other types of coverage vary between insurers. Therefore, before settling on a vehicle insurance cover, always compare among the available options.

Always make an informed choice about where to cut corners on your insurance features and where no to. Also, remember to choose an insurance company with a good rating and high claim settlement record.

WANT TO KNOW ABOUT THE BEST CAR INSURANCE RENEWAL PLAN FOR YOUR VEHICLE. CLICK HERE…

In this fast-moving world, the importance of fitness is rising every day. Everyone has their reasons to join the gym. While some do it for fitness, others While some do it for fitness, others for unwinding and relaxing. However, lifting those heavy weights and doing a cumbersome workout can invite gym injuries and pull you down tremendously.

In this blog, we have listed down the best ways to protect your physical well-being and ensure that you do not land up hurting yourself while working out in the gym.

1. Starting with warm-ups:
Diving right into your workout without any warm-up can indeed be an invitation to injuries. Remember, cold muscles are more prone to injuries. Before you start working out, you must spend 10-15 minutes doing some dynamic stretching.

2. Understand your abilities:
Just because someone is lifting heavy weights doesn’t mean that you can do the same. Following others can give you severe injuries that might affect you in the long run. Be realistic with what you are doing, and do not try to lift something out of your abilities. Therefore, estimate your threshold and consider the progressive overload.

3. Perform with proper technique:
Before performing any exercise, make sure you know how it is done and which muscle group it is targeting. If possible, ask your trainer to guide you and focus on your progress before lifting weights.

4. Have an instructor:
You can find a load of information on the internet, but sometimes it may or may not be accurate. In this case, you must have a personal instructor that guides you through your fitness journey and trains you about the exercises to be done correctly.

5. Consume plenty of water:
While you work out, you sweat a lot and lose plenty of water and electrolytes from your body. Keeping yourself hydrated throughout the gym workout will help you avoid muscle cramps.

6. Have a balanced diet:
An average person requires 0.8 to 1 gram of protein per body weight daily to have smooth body functioning. A person who works out needs 1 gram to 2.2 grams of protein per bodyweight to repair the torn muscle fibres in the next 72 hours. Ensure that you are consuming the right amount of protein for your recovery.

7. Do not ignore what your body says:
Do not overdo any exercise even when your body is not in that state to do it. Listen to what your body says and stop when you cannot go further. Overtraining can result in you getting injured rather than getting fit.

8. Take your rest days seriously:
While pursuing your fitness goals, you put your body through a tremendous amount of pressure. Your body demands rest for a day or so to repair the muscles that have been exhausted.

9. Consider health insurance:
A gym is where you build your physique. The journey of becoming fit will never be easy. Several accidents or injuries might come your way. Accidents are inevitable, so consider glazing over some personal accident insurance plans for your safety. These plans are great relievers during difficult times due to the benefits that they come with.

No one likes lying in pain for days and missing out on essential tasks due to an injury. Following these tips can help you eliminate these injuries and have a safe gym experience! Even if you get tired, you should never skip your workout routine. Take every hurdle as a motivation to rise again and chase your goal. Always stay inclined to what you want to achieve and let your determination define your success.

Click HERE to browse through the personal accident insurance plans for improved safety.

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.

People suffer from obesity disorder worldwide because of their hectic lifestyle and inactive fitness routine. Obesity is nothing but the accumulation of excess fats in the body that negatively impacts a person's health. Factors like genetics, overeating, no physical movement, psychological factors, and side effects lead to the cause of obesity.

Being obese puts you at a greater risk of developing potentially severe health problems, including – diabetes, heart disease, stroke, breathing disorders, fatty liver disease, and lot more.

You might be aware that obese people are more likely to pay a higher insurance premium than other healthy policyholders. This is because obese people are prone to illness and are likely to make more claims than normal policyholders.

But obesity can be brought under control with the help of dieting, daily exercise, weight loss, and many other disciplines in our everyday routine.

In this article, we give you some handy tips that are useful to control obesity.

How to know if you are obese? If your Body Mass Index (BMI), which is commonly used to determine obesity, turns out to be higher than or equal to 30, it classifies you as an obese person.

There is a thin line between being overweight and obese; if your BMI measures between 25 to 29, you are overweight and not obese. Therefore, the formula to calculate Body Mass Index is the weight (kg) divided by Sq. of height (m).

Practical health tips to control obesity.

Here are five tips weight-loss experts recommend to assist in keeping obesity under control.

1. Personalized diet plans:

You must have read a lot that a few minutes of daily exercise are the key to controlling your weight. But, cutting calories and reducing junk food intake is better than increasing your exercise time to achieve weight loss. Overeating and consumption of more calories than needed is one of the primary reasons that cause obesity. Customize your diet plan to ensure calorie intake and the proper nutrients that your body demands.

2. Exercise can help you to stay fit:

Daily exercise and fitness schedule is vital for controlling your weight, and physically inactive people are more likely to gain extra kilos. If you are already maintaining a healthy diet, plan a perfect workout routine or join a gym. Regular exercising helps you burn calories and lose fats.

3. Set up a strong will for an active routine:

You have to work harder than many other people – possibly for a long time if you are overweight. For instance, taking the stairs instead of the elevator will make a significant difference. By changing your detrimental habits, you will cultivate an active and fit lifestyle. Remember, losing weight requires patience and discipline, which does not occur overnight.

4. Eat more healthy snacks between main meals:

You read it right, eat more – just not at your mealtimes. Diet experts recommend keeping many healthy snacks like sunflower seeds, almonds, whole wheat crackers, sliced apples, and other fruits and eating small portions every couple of hours. If you wait until you're starving, you generally tend to eat more.

5. Maintaining a sleep hygiene:

The importance of good sleep in overall well-being cannot be ignored. It works wonders for your goal of preventing obesity, too. There are studies confirming that people who get too little sleep have a greater risk of weight gain and obesity than people who practice seven to eight hours of sleep per day. Sleep hygiene includes a proper sleep schedule and a bedtime routine like reading or listening to some good music.

Obesity, if it gets serious, can take a toll on your pocket. Although there are no policies especially for obesity yet, insurance companies protect obesity in exchange for higher premiums. Therefore, it is always advisable to secure your health insurance at an early stage of life to save you from that extra premium.

TO KNOW ABOUT THE HEALTH INSURANCE THAT GIVES THE BEST BENEFITS, CLICK HER

There could be no greater pleasure in the world than becoming a parent, but we have heard tales of how being a mom is no picnic. Motherhood is stressful despite all the help provided to you. After all, there can never be enough assistance for a mom. Especially for new mothers, mom-stuff can be overwhelming and chaotic. And in the case of working women, situations can get more complicated and out of hand in no time. One unique option to reduce the load of stress and anxiety from your schedule is to adopt minimalism.

If you are new to the idea of the minimalist lifestyle, let us take you through the concept briefly.

What exactly is a minimalist lifestyle?
Minimalism is a method of living that focuses on reducing waste and concentrate on what genuinely matters. This involves reflecting on what is most important to you as an individual and focusing on those things only.

Why shifting to a minimalist lifestyle is crucial for moms?

• You will have less stress. When you start reducing clutter, you permit yourself to spend your time and attention on only the most important stuff.

• Raising responsible kids. Kids may be considerably more independent when there isn’t as much for organising toys and belongings.

• Never caught up in tidying the home. Naturally, if your kids have access to fewer things, you will have only minor things to clear out.

• Cleaning requires less time than usual. With fewer items and goods, cleaning doesn’t keep you engaged throughout the day.

• More savings. Once you follow minimalism and minimize your buying habits, you can save substantially. Meaning you can invest in worthy things that make your life more comfortable.

• Me-time. You can finally afford to look after yourself and spend quality time doing things that keep you happy. This is crucial for embracing your well-being.

• Quality time with the kids. Spending time with kids apart from games is equally necessary for every parent. Cherish the moments you have always dreamt of, like first steps, words, and the feelings they express through their actions.

• Having a peaceful environment for the children. Too many activities can distract your children and prevent them from developing their own thoughts.

• Less room for distractions. In this way, there is enough time for you to catch up on hobbies and interests you have been neglecting.

Exploring minimalism with children might be challenging at first. You will require time to get accustomed to it. It starts when you begin to analyse your values and find what you may or may not need in your life. But as you grow into it, the advantages and impacts on your state of being are miraculous. Every mother in the world has things to deal with which one can never figure out, and we believe every mother deserves peace in her daily routine.

As you are inspired right now to take up a new pattern of consciousness, let investing in general insurance be your next step towards it. Including minimalism in making crucial decisions like taking care of your and your family’s health, covering for accidents, protecting your home against natural calamities and managing your finances can improve the quality of your life. General insurance can be your key to a stress-free life!

To look for general insurance policies, 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.

The Covid-19 pandemic shook the world's medical infrastructure from the ground. As a result, the cost of medical services and its subsequent operations is now more than ever. With the huge inflation in the expenses of medical bills, investing in health insurance coverage is no longer an option but a necessity.

To live carefree in these uncertain times without worrying about medical expenses, a trustworthy health insurance cover for every family is a must. And, if you're someone who is already holding a health insurance policy, you should be familiar with the claim settlement process as well.

In this space, we help you to understand steps to claim your health insurance policy so that in the future, if need be, you're prepared beforehand.

There are mainly two types of claim settlements.

1. Cashless settlement:

The cashless claim facility relieves you of concern during a medical emergency when receiving treatment at any of the networked hospitals. According to the policy features, the health insurance company will pay the hospital bills directly. Therefore, it frees you of the burden of making direct financial payments to the hospital.

Steps to claim a cashless facility:

• Select a hospital from the list of network hospitals provided by the insurance company

• Then, notify the third-party administrator (TPA) and provide them with your membership number

• At the hospital, fill out a cashless request form. However, remember that a valid certification by a doctor with proper stamps and signatures is a must

• Next, mail the form along with the medical records physically or digitally to TPA

• TPA will then inspect all the documents submitted by you, and if the settlement is approved, the charges will be paid by the insurance company directly to the hospital

If in case of disapproval, you should apply for reimbursement. We cover this in the following category of claim settling.

2. Reimbursement settlement:

If you choose a non-network hospital for treatment, you must first pay the medical expenditures out of pocket. Then, following the submission of relevant papers, the health insurance company will reimburse the charges according to the terms and conditions of the policy.

Steps to claim the reimbursement facility:

• Contact your health insurance provider using the toll-free number and give them your membership number

• Settle all your medical bills with the hospital

• Then, download and complete the reimbursement form that is available on the health insurance company's website

• When requesting reimbursement, attach the downloaded form, include the invoices, medical bills along with reports, discharge summary, and any other relevant papers

• Then, submit everything to the claim office in your vicinity. You can even digitally mail the documents to the insurance company

• After the approval of your claim, a cheque will be sent to your registered bank account by the insurance company. The whole procedure takes 20-30 working days from the day all papers are presented

Additional tips to speed up your claim settlements:

• Fill the reimbursement form correctly. Make sure all of the medical records and subsequent documents have stamps and signatures of the concerned authority

• Register for a claim as soon as possible after admission to the hospital

• Take regular updates from the insurance company after the submission of all the documents

• Always go for cashless claims whenever possible

TO KNOW ABOUT THE BEST HEALTH INSURANCE POLICY IN THE MARKET, CLICK HERE…

Does the depreciation value of your car scare you? Do you feel that you will have to empty your pockets for your car's damages once it gets old? Now, there is a one-stop solution for these queries – a zero depreciation policy. In a zero depreciation policy, the insurance company covers the expenses of physical damage caused to the vehicle in the unfortunate event of an accident without considering any kind of depreciation.

Vehicles are naturally depreciating assets, meaning, with every new car, there will only be a devaluation in the price over time. The parts like mirrors, metal, rubber, plastic and other car accessories are subjected to depreciation.

Zero depreciation car insurance vs regular car insurance:

Let us quickly compare the benefits of zero depreciation insurance to regular insurance.

Premium: The premium cost payable for zero depreciation insurance is slightly higher than that of regular car insurance. The depreciation policy premium varies with attributes like your address, the model, and your car's age.

Claim settlement value: In zero depreciation cover, the claim settlement amount is higher since the calculation of depreciation is not done, whereas, in regular car insurance, the claim settlement amount is received with a deduction of depreciation.

Repairing amount: In zero depreciation insurance, the repairing cost of parts like rubber, glass, plastic is paid by the insurance company, whereas these costs are borne by the insurance holder in regular car insurance.

Usage duration of the car: This factor does not make a difference in zero depreciation insurance because any depreciation is considered nil. However, in regular insurance, the depreciation rate of your vehicle keeps increasing day-to-day.

Benefits of a zero depreciation insurance: Let us now understand the benefits of zero depreciation insurance.

Easy claim: It ensures the timely and straightforward settlement of all expenses providing the insured with easy claim settlement.

Covers all expenses: The insurance company gives you total coverage of the costs that are heavy on your pocket, as well as any other miscellaneous charges during the time of settlement.

Profit while claiming: Zero depreciation policy adds more value to the basic coverage at the time of claim, making your expenses amount almost nil, hence leaving you with a profit.

Assurance: Since the vehicle has a zero depreciation insurance cover, so you have the satisfaction of being safe under a protective layer of the insurance policy.

What is not a part of a zero depreciation policy? Following are the factors that will restrict your complete claim on the advantages of a zero depreciation car insurance policy.

No driver's license: If the driver or owner of the vehicle does not have a valid driver's license, they are not eligible to claim the benefits of this policy.

Drunk driving: Immediate rejection of claim benefits happens if the driver happens to be under the influence of alcohol or any other intoxication.

Maintenance of engine oil: Unfortunately, this policy does not cover your regular maintenance such as engine oil, coolants, etc.

Compulsory deductibles: Compulsory deductible is a mandatory amount set by the IRDAI depending on the engine capacity of a vehicle. This amount is not a part of the zero depreciation policy.

For cars more than five years old: If the insured vehicle is aged more than five years, it cannot opt for a zero depreciation policy.

Mechanical expenses: Occasional breakdowns and arbitrary wear and tear of the vehicle will not be covered in the policy.

To sum it up, zero depreciation benefits a wide array of car owners considering the cost-effective claim settlement and boosting their regular insurance plans in the form of a worthy add-on.

GET TO KNOW MORE ABOUT THE BEST CAR INSURANCE PLANS ONLINE BY CLICKING HERE…

Did you know that you only need the unique registration number of your vehicle to get the details of your bike insurance online? In this article, we'll provide you with all the information on the registration number.

When you buy a bike insurance policy, details of it get linked with your bike's registration number. Therefore, you can quickly check the information of your bike insurance through your bike's registration number.

As per the Insurance Regulatory and Development Authority of India (IRDAI), it is mandatory to carry insurance documents of the bike whenever you are on the road. If one fails to do so, there is a possibility that the claim settlement may be invalid in case of any mishap. Even though policy documents are essential papers, misplacing them is a pretty common occurrence among policyholders.

However, fret not! It is pretty simple to find the details of your insurance with the help of the registration number. Let's understand this here:

What is a Registration Number?

A bike registration number is a unique number issued by the Regional Transport Office (RTO) of your district. Every vehicle owner must obtain a registration number within 30 days of purchase of the vehicle.

The registration number is helpful to identify the owner of the vehicle in multiple scenarios. Apart from identification, the registration number is a must for a bike insurance policy, renewal of it, or insurance claim.

Your vehicle's registration number is displayed on a metal number plate and affixed at the front and back of the two-wheeler. The registration number has an accredited structure for different types of vehicles. Let's understand this further here.
Consider this, your vehicle is registered in Delhi and is granted the number DL 0X BX XXXX. The first two alphabets indicate the state code, and the next two digits are the unique district code. The following two alphabets are the current series of the RTO and the classification of vehicles. And, the last four digits are your vehicle's unique number.

How to derive two-wheeler insurance details by your vehicle's registration number?

When buying bike insurance online, the details of your policy are automatically synced with the registration number. RTO, Central, or State Government can use details for official purposes. You can enter your registration number on any of the following websites to get details on your bike insurance online:

● Official website of the Regional Transport Office RTO where the bike is registered

● Website of the state transport department

● Website of the Ministry of Road Transport and Highways (parivahan.gov.in)

● Website of the Insurance Information Bureau (ibb.gov.in) of the Insurance Regulatory and Development Authority of India (IRDAI)

Further, you can even renew your existing insurance policy using your two-wheeler's registration number. There is a facility for tracking the details of your policy online and renewing it before it expires.

The registration number links your vehicle directly to RTO's and Government's databases, so this stands out to be an advantage to maintain a record of your two-wheeler's insurance.

WANT TO KNOW ABOUT THE BEST BIKE INSURANCE ONLINE POLICY FOR YOUR VEHICLE? CLICK HERE…

Routine oil change ensures that your vehicle’s engine is in good shape. Moreover, it guarantees that the machine operates on high-quality motor oil thus improving its performance and the engine’s life. But which oil is suitable for vehicles - regular or synthetic?

Most people believe that oil does not make a significant difference in the performance of your car, but that isn’t the case. The type of oil used for your motor impacts its well-being and durability. So, to secure your car’s engine, be attentive to the requirements regarding its oil.

Let's quickly look at the aspects that differentiate these two types of oils before you pick a side.

What exactly is Regular oil?
Regular oil or conventional oil is a blend of crude oils and additives that meets the minimum requirements for engines and is commonly used in older or low-mileage vehicles. Depending on the manufacturer and pricing, these oils can range from mediocre to excellent grade.

What is Synthetic oil?
Synthetic motor oil combines high-quality additives that provide the finest engine protection. It can help with engine cleanliness, heat prevention, and engine endurance. It is usually suggested for all current and new-age automobiles due to its benefits of providing the highest engine protection.

How to determine which oil is better for your vehicle?
The ultimate way to choose which oil to go for is by reading your vehicle’s user manual, which states the correct oil for your motor. However, other minor factors contribute to decision-making, such as the age of the vehicle, usage, way of driving, and so on.

Advantages of Regular vs. Synthetic oil

1. Regular (Conventional) oil:
• The most obvious advantage of choosing conventional oil is that it won’t burn a hole in your pocket.
• It is readily available and a good choice for drivers and mechanics to get their hands on.
• Well suited for older motors.
• Many motor companies and mechanics advise using traditional oil for older vehicles and low-mileage vehicles.

2. Synthetic oil:
• Synthetic oil is composed of homogeneous molecules that reduce friction in the engine.
• Synthetic oil is also more refined, resulting in fewer deposits in the engine. It is purer and has fewer contaminants.
• It is improbable to break down and hence has higher durability.
• It lasts longer; thus, your motor won’t need frequent trips to the mechanic for an oil change.

The decision between conventional and synthetic motor oil depends on where and how your vehicle is used. Consult the owner’s handbook to ensure you’re using the recommended oil for your car. It will also inform you of the proper distance periods between oil changes.

You should timely replace your motor oil, whether you use regular or synthetic motor oil. Like the oil for your engine, investing in good motor insurance is always the right thing for your vehicle. Using motor insurance with limited features will not provide you complete protection to your car against financial emergencies during any breakdown. Therefore, make sure to browse through the options before purchasing the best one for your vehicle.

Are you looking for a suitable motor 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.

Bike riding by teens is becoming one of the most common sights nowadays. Many teenagers feel independence and pride as they no longer depend on their guardians to drive them to places. As a result, adolescents have the irresistible urge to flaunt their expensive bikes and lethal driving skills in front of their peers.

You will come across many road accidents reported on the news channels every day. According to research, a person travelling in a commercial plane is less likely to die than riding a motorcycle on Indian roads.

Unfortunately, minors don't take into consideration the consequences of mindless driving. Even some parents allow their kids to drive because they think the worst that could happen is receiving fines from traffic police. However, outcomes can be much severe. Also, your bike insurance won't help you in case of death due to underage driving.

In this article, we share five reasons why parents should not give in to children's demand for bikes.

1. Legal consequences:

The Motor Vehicles (Amendment) Act of 2019 states that the guardian or the vehicle owner shall be held liable for the infringement and shall be punished accordingly. Imposition of a fine of Rs. 25000 with three years of imprisonment will be made if your ward drives in an illegal driving age. The minor may have to go to court as well and face trials under the Juvenile Justice (Care and Protection of Children) Act resulting in the cancellation of the vehicle's registration.

2. They are not yet matured:

An individual needs to be cognitively mature to drive fast cars and bikes. For example, adolescents may feel the thrill of getting an adrenaline rush when riding a motorcycle at high speed. But, what they don't understand is that their brains are not yet mature enough to handle it.

3. Road accidents:

According to International research, the possibility of underage drivers being involved in a road accident is four times more than adult drivers. Road accidents are among the top causes of death and injury for people between the age of 16 to 20. Reasons are inexperience, distraction, poor driving judgment and decision making, alcohol consumption, and lack of adequate driving skills.

4. Financial drain:

Financial drain is not seen as a problem by many. But believe it, accidents can take a toll on your life savings. In some cases, insurance does not cover the cost of the damage or third party insurance. Plus, if the crash leads to any chronic health problems, then you will keep drowning in the hospitalization bills for the rest of your life.

5. Physiological trauma:

We often overlook the matters of mental health. But unfortunate events like this can be very traumatic. If you or your dear ones have been in an accident, you will likely have anxiety and panic attacks in the future. The memories of tragic accidents can cause mental health problems to the young, and the memories are enough to last you a lifetime.

Prepare yourself for your teen to take the wheel:

If you have a teenager in your family who will be of legal age to drive soon, distance your kids from any such bad experience. Being a good driver and role model, you can instil safe driving habits in your teen. For example, you can re-familiarize yourself with your vehicle's safety features and discourage phone use while driving.

Safe driving has an immediate payoff to you and your teenager by keeping accidents and violations off a teen's driving record.

TO KNOW MORE ABOUT THE DIFFERENT BIKE INSURANCE, CLICK HERE…

Whether you decide to buy 2 wheeler insurance online or otherwise, many myths and misconceptions are associated with it. It is important to have all the information about the insurance policy that addresses your requirements before buying two-wheeler insurance.

Having a two-wheeler insurance assures you to handle whatever the road throws at you, giving you peace of mind and letting you enjoy riding without a worry.

Please also remember that as per the Insurance Regulatory and Development Authority of India (IRDAI), every two-wheeler owner must buy a third-party liability insurance for the vehicle.

Here we bring five common misconceptions that often lead you to settle for something less worthy.

1. It is risky and complicated to buy 2 wheeler insurance online:

We agree that buying insurance online can be tricky sometimes. But, not if you purchase insurance from a recognized company that has a good market reputation. It is advisable to do some research on the company, check the credibility and Claim Settlement Ratio (CSR) before purchasing. It is easier to buy two-wheeler insurance online; all you need to do is log on to the insurance provider's website, fill in your and your vehicle's details, select your plan, and you will get a quote for the premium amount. Make the payment through the secure payment gateway provided by the company and receive your policy document online.

2. Third-Party liability cover is enough for insurance:

As mentioned earlier, third-party liability insurance is mandatory in India. However, it does not mean that having only third-party liability insurance is sufficient. It only covers the losses of the third party. Accidents can cost you much more than you can think. Therefore, it is advisable to go for a comprehensive plan. A comprehensive plan not only covers the third party but also the damages to your two-wheeler and your hospitalization costs in case of an accident.

3. The pillion rider is covered under insurance:

People often assume that the co-passengers get protection by the policy too. And it's one of the biggest misconceptions. In case of an accident where the pillion rider faces injuries, their hospitalization charges are rarely covered under insurance. However, there are many add-ons available for personal accident covers to resolve the issue of pillion riders.

4. You can cancel your insurance policy without any consequences:

To some extent, it is true. You can certainly cancel your policy, but some additional cancellation charges/fees apply to it. Also, note that it is illegal to ride a two-wheeler on Indian roads without an active and valid insurance policy.

5. Premium depends upon your credit score:

Many owners feel the need to maintain a good credit score to bring down the premium, which is not true. The credit score is not a criterion as there are many other factors like age, make and model, IDV, previous insurance records to determine the premium rate. So, even if you have a low credit score, you can still get a reasonable low premium.

It is advisable to research on your own before buying any policy. Steer clear of such misconceptions that lead you to make bad decisions.

WANT TO KNOW MORE ABOUT THE FEATURES OF 2 WHEELER INSURANCE ONLINE. CLICK HERE…

In residential complexes or workplaces, fire situations are severe risks to the safety of people and assets. Understanding fires and putting best preventive policies are crucial for the administrative unit of the buildings. Knowing the different fire classifications will make selecting the best fire solutions much easier.

Water, carbon dioxide, foam, vaporizing liquid, and dry powder are the six primary varieties of fire extinguishers available in India. Remember that not all fires are the same, and not an extinguisher can put off all types of fires; therefore, it’s critical to know about their classes. In this space, we'll take you through the types of fire and the correct type of extinguisher needed to tackle them.

1. Class A (General Fires):
These fires are caused by common flammable materials such as wood, plastics, textiles, paper, and rubbish used in homes, workplaces, enterprises, and industrial settings. Class A fire flames are less damaging and can be put out quite quickly.

How to put out class A fire: The best way is to use a water or foam fire extinguisher. You may simply use tap water to put out this type of fire since it removes the fire's heat source.

2. Class B (Liquid Fires):
Combustible liquids and gases such as gasoline, oil, kerosene, paints, and gases such as propane and methane are the most common sources of class B fire. Typically, these fires occur in industrial settings that deal with petroleum and gas products.

How to put out class B fire: You need to cut off the fire’s oxygen supply to prevent the fire from spreading rapidly. Carbon dioxide, Powder, and Foam based extinguishers work best to combat Class B fires.

3. Class C (Electric Fires):
The primary source for class C flames is electric components. Short circuits are frequently the cause. Industrial buildings with heavy electrical equipment that consumes a lot of electricity are prone to these hazards. They can occur in households and small businesses as well.

How to put out class C fire: Class C flames demand prompt power shutoff and the usage of non-conductive chemical fire extinguishers such as CO2-based. You can even opt for powder-based fire extinguishers.

4. Class D (Metal Fires):
Combustible metals such as aluminium, magnesium, potassium, and titanium are the principal source of Class D flames. The majority of Class D fires occur in laboratories. On the other hand, combustible metals are employed in various industrial manufacturing and production processes, which raises the risks of class D fires in those industrial premises.

How to put out class D fire: Powder-based extinguishers that absorb heat and suppress the flames are the most effective tools to put out the fire under this class.

5. Class K (Cooking Fires):
Class K fires are often confused with the class B fires. This is because they share the same fuel source, which is combustible liquids. However, class K fires are significantly distinct. These fires typically occur in kitchens during food preparation. Cooking ingredients such as cooking oils and vegetable/animal fats trigger and fuel the flames. Class K flames are deadly and may wreak havoc in a short amount of time. They are commonly seen in restaurants and houses but can occur anywhere there is cooking involved.

How to put out class K fire: foam-based, wet chemical extinguishers work best on class K fires.

Now that you completely understand the origins of all these different types of fires and how to put them off. You should determine which fire extinguisher to keep at your disposal at all times. And don't forget only to purchase an ISI-certified extinguisher.

As the famous saying goes, “hope for the best and prepare for the worst,” while you’re out there searching for the ideal extinguisher, protect yourself and your assets with general insurance. Get a general insurance online quote today and add value to your assets.

To get general insurance online quote, 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.

The Motor Vehicle Act of 1988 requires all vehicles to be insured by adequate insurance coverage before they are driven on the road. As the country advances digitally, it is more obvious now than ever to purchase insurance or get a car insurance renewal with just a few clicks online.

At the same time, the increasing number of insurance rejection cases has become a serious concern to both insurance companies and policyholders. Many policyholders fall victim to a riptide of errors by selecting the wrong car insurance giving them more headaches than benefits.

In this space, we will talk about some common mistakes that you can avoid while renewing your car insurance or getting a new one.

1. Don't forget to compare policies:

There is an array of companies that provide car insurance services, and each has its own features and benefits. Take the help of web tools to compare the regularly purchased policies in the market and choose the one that offers the best benefits for your vehicle.
And, it doesn't end there. Do more study and read the terms and conditions of the policy document. Consider all the hidden charges and provisions before you purchase it.

2. Showing your back to online insurances:

By not doing so, you will prevent any unnecessary payments such as fees of intermediary agents, paperwork, etc. Insurance firms are encouraging insurances at reduced prices to online consumers since they believe they are informed and cautious. The online method simplifies the customer's buying experience with multiple plans focusing on the requirements, efficiency and attractive pricing.
If you are looking for a convenient and user-friendly method of buying car insurance, online is always a good option.

3. Avoid opting for basic third-party insurance:

Many car owners decide to get car insurance just to comply with the government rules and hence simply end up purchasing third-party insurance to save money on the policy premium. But, unfortunately, these insurances only cover the third party's injury and not the policyholder or the vehicle.
Given the hefty repair costs or total loss, it is logical to get comprehensive vehicle insurance covering all hazards. Make sure you do not choose only "third-party insurance", as it will get you in more trouble than convenience.

4.Right choice of add-ons:

Adding the add-ons isn't all of it! Maintaining a proper add-on balance is essential to enjoy maximum benefits with a long-term perspective. Adding excessive add-ons will cost you a hefty premium, whereas not including any add-ons will result in inadequate coverage.
You should be sensible to leave the add-ons that are not serving your purpose. It helps save you a handful of money on an annual premium.

Here is the list of some of the add-ons that you must have:

● Zero Depreciation

● Road Side Assistance (RSA)

● Engine protection cover

5. Read the insurance documents carefully:

A vehicle insurance policy paperwork may appear to be exhausting and requires immense reading. Many automobile owners feel it irrelevant to read the entire document and thus ignore reading the policy papers. However, they are unaware of how necessary it is to verify specific things mentioned in the policy.

Even if you do not read it word by word, it is imperative to confirm the features promised by the insurer. This will go a long way toward avoiding issues during a claim.

Here are few of the details that are important to verify in any policy document:

● Policy holder's name and contact details

● Vehicle registration number

● Engine and chassis number

● Insured Declared Value (IDV) of your car

● Policy coverage

● No claim bonus

● Other T&Cs

Final Thoughts:

Be a responsible buyer and go into the depths of every insurance policy that you may deem fit for your valuable vehicle. Making quick decisions is worth it only if your decision is a smart one. Insurances are meant to provide financial security to your belongings, so you should avoid making blunders while buying them.

READ MORE ABOUT THE BEST CAR INSURANCE RENEWAL POLICIES ONLINE HERE…

Two-wheelers like scooters and motorcycles are the most commonly used vehicles due to their fuel efficiency and ease of use on congested roads and streets. As a result, the number of two-wheelers sold is several times that of cars. But, at the same time, more two-wheelers fall prey to numerous road accidents daily.

Two-wheeler owners must get their vehicles insured as it protects them financially against any accident. Unfortunately, people always assume that insurance is an expensive liability as it drains the money in premium and is rarely used. People fail to understand the importance of having insurance cover for those unfortunate events.

Whether you just have basic liability insurance or comprehensive coverage, it's important to ensure that you're getting the best deal possible. In this article, we bring seven strategies to reduce the premium of your two-wheeler insurance.

1. Compare policies:

Start by comparing different policies and their features. It makes sense to examine two or three companies, just in case, there is a better policy with lower prices out there. There are many policy comparing tools available online to help you estimate the insurance premium. You can also find multiple plans directly from the websites of reputed insurance companies that come with the best features and premiums.
But remember here, a lower premium doesn't always mean a good deal, and going with the lower-quoted company isn't always the sensible decision.

2. Add-on covers:

Add-on covers are great to increase coverage without buying multiple policies at a time. However, be wise with the add-ons you choose. You may not need all of them in a policy, withdraw unnecessary ones as they will only increase the premium. Read your policy document line by line and ask your insurer to remove anything you don't need.

3. Claim loyalty points from the existing company:

If you have bought your other insurances like health, home, travel, from a particular company, there are chances to get a loyalty discount coupon from the existing company. In addition, several insurance companies offer bonus points to loyal customers and support them with additional benefits for their future purchases.

4. Try negotiations:

There is no harm in asking for an additional discount. Companies with an aim to promote their policies often give in to such negotiations. So give it a try and test your luck. More often, you will succeed in bargaining.

5. Maintain a good driving record:

Many insurance companies look into your past driving records to determine the premium. If you drive safely and do not raise any claims during the policy period, you are rewarded with No-Claim Bonus points. Maintaining a good track record is key to getting a lower insurance premium. In addition, driving safely is always a good thing to secure you and others on the roads.

6. Pay a higher deductible:

In case of any mishaps, if a policyholder pays some amounts from the total repair cost during claim settlement, this is called deductible amount. The deductible is inversely proportional to the premium. Therefore, the 2 wheeler insurance premium lowers if you choose to pay a higher sum as deductible.

7. Additional discount to 32 to 60 years age group:

Companies offer more discounts to responsible drivers. People in the age group of 32 to 60 are considered responsible drivers. If you meet this age criteria, ask for a possible discount on your premium for the policy.

Auto insurance prices are likely to continue increasing in the future; however, you can apply many smart tips to reduce the sting. These 7 tips should help you cut-cost to a great extent on your premium.

TO KNOW MORE ABOUT COST-EFFECTIVE 2 WHEELER INSURANCE FOR YOUR VEHICLE, CLICK HERE…