GENERAL INSURANCE BLOG

Insurance policies are supposed to be understood thoroughly before you purchase them. Their purpose is how they would protect you and your assets against financial damage and decide on premiums and claims. Insurance companies conduct detailed background checks of their policyholders to ensure that they have authentic identities, are not involved in any criminal activities, money laundering, or financial scams, are not victims of identity theft, have a good credit score, are reliable drivers and law-abiding citizens of the country and much more.

Are you someone looking to understand the basics yet the most critical questions that would help you purchase motor insurance? We are here with all you need. In this space, we will discuss the most answered FAQs for motor insurance policies. This information will provide essential pointers you will need to understand if you are new to the insurance world.

1. What does third-party risk policy mean:

Third-party risk policies are necessary insurance policies that would protect the owner against the risks mentioned in the act. The third-party insurance policies compensate for the damages caused to the assets of the third parties or during deaths or accidents of the third parties.

2. Validity of your motor insurance:

You must know about the validity of your motor insurance so you can avail of the benefits on time. Always be up to date with your premiums and renew them to avoid putting your vehicle at risk. This way, you avoid financial burdens in case of unfortunate circumstances. The period of motor insurance from the day it begins is up to a year. This will be displayed in your insurance policy's schedule. Do not forget to read the documents and the listed terms and conditions carefully.

3 . Making claims:

Evaluate and estimate the cost of your damages. In many cases, raising small claims might not be a good idea if the damage costs you a small amount that you can easily bear. Keeping your claims for the future can help you avail them whenever there is a dire need in case of a substantial financial burden. Check the no claim bonus, which comes under your vehicle insurance. Follow through with the estimates and what you might have to forfeit under the bonus. Evaluate carefully and make the decision.

4. What happens during an accident:

If it were being driven by someone else, your car or motor insurance would still be valid to use, given that the person driving your vehicle was granted permission by you for the same. You can use your insurance policy to ensure you do not incur enormous costs for repairing the damages.
Also, vehicles are liabilities too. So, the individual's (the person driving your car) liability insurance can be a huge help in paying for the damages if your motor insurance exhausts its limits during the complete servicing and repairing process. Be mindful of your insurance limits.

5. Selling your vehicle:

If you decide to sell your vehicle, you can hand over the authority of the motor insurance to the new buyer. You must make sure that you apply for an insurance transfer with the designated insurance organisation within fourteen days of your car's transfer date under the buyer's name and ownership. You need to pay the endorsement premium before transferring the insurance policy.

Well, these were the most answered FAQs for motor insurance policies. We hope that this information proves helpful to you in understanding a little deeper about motor insurance and the fundamentals you must be aware of to ask the right questions to your insurance provider companies and officials. Also, explore all your options and get the best motor insurance India. List down your requirements and accordingly plan the estimated premium. Make practical decisions and see the results doing wonders for you!

Click HERE to know more about the benefits of buying the best motor insurance India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

As thrilling as owning a car, there are undoubtedly various risks associated with the same. With the number of accidents increasing daily, it is essential to look out for your family and loved ones. One way of ensuring that is by investing in a good car insurance policy. Another way to ensure that your family stays safe even after your death is by adding them as nominees to your car insurance.

Wondering who a nominee is and the benefits of adding a nominee to your car insurance? Then, this article will tell you everything you need to know about nominees and how to add them to your car insurance.

What is a nominee?

In case of the policyholder's death, a nominee is a person that the policyholder nominated at the time of signing the insurance and will be getting the insurance policy's proceeds. The insurance must also cover personal accidents along with the base plan to provide extended coverage. The personal accident cover will ensure that the nominee gets the insurance benefits even in the absence of the policyholder.

Indian law states that a nominee is responsible for the custody of money or property after the policyholder's death. In some cases, a nominee is responsible for distributing the money and other profits to the legal heirs or the spouse as stated by the policyholder.

Who can be a nominee?

There are no set rules as to who can be your nominee, but the practice is to keep the spouse, parents, or children as the nominee.

How to add a nominee?

Much like every other process, technology has recently made adding a nominee easy. The majority of the work can be done online. Websites and mobile apps have made changing or adding a nominee more straightforward and hassle-free. All you need to do is access your policy account and add the nominee to your selected policy. You will need to give details of the nominee, such as name, date of birth, relation to the nominee, etc. Keeping these documents handy would make the process simpler.

If you want to change your nominee, you can follow the same steps mentioned above and edit the choice of the nominee in your policy portal.

Why should you choose a nominee beforehand?

If an accident or any mishap happens, the legal heir is the lawful beneficiary of the insurance claim benefits. However, verifying and validating the identity can be long and tiring if not explicitly mentioned as a nominee. Choosing and naming a nominee when buying new car insurance or at the time of car insurance renewal is crucial.

What are the benefits of choosing a nominee?

1. In case of the policyholder's death, the personal accident cover provides financial coverage to the family. The claim is not limited to the death of the policyholder. You can make this claim even in the case of temporary or permanent disability caused by an accident.

2. If a person dies after a claim is made, the compensation and benefits will be diverted toward their nominee.

How to withdraw money as a nominee?

Since a nominee is not the owner of the assets, it is essential to prove to the authorities that the policyholder is deceased. You will also need to establish your relationship with the policyholder to the insurance company. The policy holder's death certificate, policy papers, nominee's birth certificate, and a certificate stating the relationship between the policyholder and the nominee are some documents you might need to provide to the insurance company to avail the benefits.

Some policies provide the option to choose multiple nominees, and the benefits and compensation can be shared amongst the nominees as per the policyholder's decision. You can change your nominee mid-tenure. You can either talk to your insurance provider or manually adjust it through mobile applications or websites.

To ensure your family's safety and protection, do not forget to add on personal accident cover in your next car insurance renewal.

Click HERE to find out more about car insurance renewal.

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.

If you enjoy riding your motorbike and spend time getting it customised with modifications and accessories, this blog is for you. Personalisation is now becoming the backbone of many industries. People want things they consume or use to be altered to cater to their tastes. And a little personal touch makes the consumers feel cared for and appreciated to be loyal to a company or a brand. Did you know that you can now personalise your two-wheeler insurance?

You can alter and add several benefits according to your requirements to your two-wheeler insurance. Curious about how you can get additional benefits that would satisfy your necessities? This blog will discuss all the information about insurance policies and how you can adjust them a little to fit your interests.

While we would be talking about how personalisation is a part of insurance, you must remember that this can only occur if you have valid insurance to drive around your bike. Do make sure that you have legitimate and valid two-wheeler insurance.

So, here's how you can personalise two-wheeler insurance.

1. There are various types of insurance covers:

Various insurance covers here include comprehensive insurance cover, third-party cover, additional riders, etc. Under comprehensive insurance cover, you get benefits that would protect you against all damages caused to your vehicle, third-party property, or person. It provides you with full coverage. Due to the extravagant benefits, comprehensive insurance is costlier than a third-party cover.
The third-party cover is a compulsory policy that protects the policyholder against any damage or risk to third party-persons or property. This cover is limited to damage caused only to the third party by your vehicle. And it is mandatory for everyone who has bike insurance. The limitations of the third-party cover are solved by comprehensive coverage insurance. You can opt for an additional rider cover as a part of your insurance benefits. In doing so, you will be required to pay an extra amount or a premium. The details of the additional riders can be included during the registration and the beginning of the insurance policy coverage of the primary policyholder. You can also have the extra rider cover during the whole renewal procedure of your two-wheeler insurance. These riders will be eligible to get similar benefits as the primary policyholder. They will receive emergency or round-the-clock roadside assistance from the insurance company.
This assistance and the additional riders cover any loss or damage caused or if your bike got towed or in case of any repairs. The various issues this extra rider's insurance cover would easily handle are duplicating keys and the related problems like changing the tyre, and empty fuel tank, among many other benefits.

2. Protecting your engine:

The engine protection insurance covers you in case of engine damage, gearbox issues or damage, leakage of the lubricant, heating up of the engine, engine failure, and much more.

3. EMI protection option:

Some other benefits include EMI protection, where in case of any damages, the designated insurance company will pay for the EMIs of the two-wheeler as directed in the EMI bike insurance and protection cover. This will apply only if the service centres or the garages are certified and approved.

Other benefits or additional riders include coverage for vehicle-related expenditures like motor vehicle oil, coolants, refrigerants, nuts, screws, etc. Then there is a pillion rider's cover to protect the rider with you against any accidents and body injuries. This insurance add-on benefit also covers any medical costs incurred during accidents for the pillion rider.

So, here's how you can personalise two-wheeler insurance. There are several options to buy the best two wheeler insurance India and customise it your way. Reap the benefits of hassle-free insurance claims and valuable financial support during an emergency.

Click HERE to know more about the benefits of purchasing two wheeler insurance India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Numerous banks and financial institutions provide personal accident insurance as a perk for cardholders who use them frequently. In this article, we'll examine how banks and financial institutions offer personal accident insurance plans for their cardholders, how they operate, and their significance.

1. Personal accident insurance: What is it?
Personal accident insurance offers protection for an accident-related injury or death. In the case of a covered accident, these plans often provide a lump-sum payment to the insured or their beneficiaries. The coverage is usually offered for a predetermined amount of time, such as one year, and can be renewed yearly. The coverage can be used for medical bills, lost wages, or other accident-related charges.

2. How do personal accident insurance plans operate for cardholders?
Plans for personal accident insurance are frequently provided as an extra perk to people who actively use credit or debit cards. The coverage amount varies depending on the card issuer and your card type.

When you sign up for a personal accident insurance plan, you are protected for a predetermined time frame, such as a year. You or your beneficiaries may submit a claim for an accident-related injury or death to collect the coverage amount. The payment is usually made immediately to the insured or their beneficiaries after the claim has been processed.

3. What explains the need for personal accident insurance?
Accidents can happen to anyone, and the associated medical costs and economic loss can be substantial. In the event of an accident, having personal accident insurance coverage can provide you peace of mind and assist in reducing some of the financial strain.

Personal accident insurance policies are mostly less expensive than standard health insurance. They do not have the same level of coverage as health insurance because they are devised to provide coverage exclusively for unexpected mishaps. Yet, for people who wish to safeguard themselves and their families in the case of an accident, they are more affordable solutions.

4. How to invest in a personal accident insurance plan with your card?
You might be qualified for a free personal accident insurance programme if you often use your credit or debit card. To see if your credit or debit card issuer offers this advantage, contact them first if you're interested in signing up for a personal accident insurance plan. These policies are frequently provided free of charge to cardholders by banks and other financial institutions, while the details of the coverage and eligibility criteria may change.

You can enrol in the plan online or by contacting the card issuer's customer service to avail of personal accident insurance coverage. Your bank might ask for basic personal information, such as your name and contact details to verify your account with them. Also, it's crucial to carefully study the terms and conditions before enrolling. Ensure you know potential limits or exclusions and what is and is not covered.

You can also buy a stand-alone policy from an insurance company. These plans often have higher premiums but may provide more comprehensive coverage than card issuers.

It's always better to ask your credit or debit card provider whether they provide the option to enrol in personal accident insurance. But never get too excited! Read the terms and conditions thoroughly to understand the inclusions and any limits or exclusions that could be applicable. When you have the appropriate personal accident insurance plans, you can rest assured that you and your family are covered in the case of unforeseeable circumstances.

Click HERE to learn more about the benefits of personal accident insurance plans.

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.

Road trips with family members, friends, or companions are a pleasant experience to enjoy. You are jamming to your favourite songs, catching updates about one another's personal life, enjoying the views of the route, and are just taking a much-needed break from your hectic work life. All this sounds amazing, comfortable, and convenient. But what would happen if something suddenly goes downhill and you land in a chaotic situation you did not expect?

You must know and be aware of the practical solutions before you end up in a chaotic situation. This blog will discuss the driver and the co-passenger aspects of car insurance. So, here's all you need to know about car insurance's driver and passenger cover. Let's get started!

1. In accidents, passengers get severely injured along with the drivers. As a mitigation measure to avoid financial stress during unfortunate circumstances, getting a passenger's insurance would help to protect their life.

2. The policy covers up to two lacs of hospital and medical bills and permanent or short-term disability liability. In case of the passenger's death, the financial support will go to the nominees or the person to whom the policyholder assigned the money and the responsibility.

3. Personal accident insurance is mandatory for the owner and the driver of the designated vehicle. Passenger insurance is separately entitled insurance unrelated to personal accident insurance. Although, do not mistakenly assume that the lack of enforcement to get a passenger's insurance is something you can be careless about. Secure everyone's lives-whoever is travelling in your car.

4. There are various types of car insurance coverages for both the drivers and the passengers. These include (owner-driver) personal accident insurance, paid drivers' accident coverage, and unnamed passenger personal accident insurance, to name a few. The paid drivers' personal accident coverage ensures that whoever you hire to drive your car is enlisted in that insurance as a paid driver. You can get this add-on benefit in exchange for a small amount. This tends to be a massive plus in the long run, especially during sudden accidents or risks. The individual registered under the title of the paid driver is only eligible for the amount the insurance is supposed to cover.

Unnamed passenger personal accident insurance can be bought as an add-on to protect the life of the passengers travelling in your insured car. You can select the add-ons according to the number of passengers your vehicle can have. And it is mandatory that during sudden situations where you might land in an accident, or something unfortunate happens, this benefit will be only applicable if there are not more than the legally permitted number of passengers (according to your car model and government and companies' instructions).
As the owner of the car and someone who owns a driving licence, you must have owner-driver personal accident insurance under your auto insurance. The insurance amount would be passed on to your legal and enlisted heirs in case of physical disabilities or death due to a vehicle under your name.

5. The owner-driver and the passenger cover under auto insurance act as a secondary safety net for you and your fellow passengers. Usually, standard insurance policies do not offer you such benefits. In the case of the owner-driver personal accident insurance, the insurance company will ensure that the amount reaches the nominee of your insurance in case of any death or tragic circumstances.

As we are already discussing insurance, you must also consider your car's security. Your car is your asset, and you must protect it under comprehensive car insurance. You can also save a considerable cost by avoiding intermediaries' involvement. Buy online car insurance and eliminate the unnecessary stress of the cumbersome process, long waiting time, and commissions to agents.

Click HERE to know more about online car insurance.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Mental health has been a stigmatised topic in India for many decades. While in the cases of most physical illnesses, people are willing to consult a health professional as soon as they detect a disease, they find it challenging to do so in the case of mental health issues.

This is because of the widespread false notion that if you have a mental illness, it makes you a weak person or there's something wrong with you. It is not usually as easy to detect, so it often goes untreated. However, the recent interest in individuals' overall health and well-being has increased interest in purchasing the best health insurance policy in India, which also offers coverage for mental illnesses.

Ignoring your mental well-being can have several adverse impacts. Read the full article to understand the importance of mental health consultation for complete wellness.

1. Mental health affects your physical well-being
Mental health is often seen as something completely separate from physical health. However, we need to realise that the brain is the most essential part of the body. When it gets affected, it ends up affecting the whole body. If this seems too far-fetched, consider that poor sleep and insomnia are caused most widely by stress and anxiety. So are heart palpitations. In a way, the reverse is also true. Since problems in physical health can also cause mental health issues, people with chronic or life-threatening physical illnesses should be constantly monitored for mental health issues.

Trauma, such as head injuries, is the most common example of this. In these cases, it's best to consult a mental health professional immediately and buy the best health insurance policy in India that also covers mental illnesses.

2. Early detection makes a huge difference
As with any disease, early detection makes a world of difference. Symptoms worsen with time, and like physical illnesses, treating a mental health issue is easier when the symptoms are mild. Also, chronic mental issues significantly impact patients' daily lives and make regular routine seem more daunting. It may also cause strained relationships with family, friends, and co-workers, which is undesirable. Early treatment can avoid these complications.
 

Signs you might need to consult a mental health professional

● Sluggish feelings and declining physical health
Physical health is one of the most significant mental health indicators. Depression and anxiety cause many problems in the body, including headaches, fatigue, cardiovascular problems, and muscle aches. They also affect the endocrine and immune systems, affecting physical health adversely.

● Losing interest in hobbies
Depression and other mental issues can make you feel increasingly alienated from the hobbies and activities you previously enjoyed, whether gardening, a sport, or simply socialising.

● Withdrawal from previously fulfilling relationships
Isolation is one of the prevalent methods people use to deal with declining mental health. This can take a toll on your existing relationships and cause them to deteriorate, alienating the ailing person even further. A psychologist can be very helpful in these situations, as they can reinforce social skills and help you practise making healthy relationships again.

● Adverse impact on work performance
A decrease in work performance indicates declining mental health. When you start finding work extremely hard to do and feel lethargic all the time, it is essential to consult a mental health professional immediately.

There is no shame in seeking help when you need it. Taking care of your health's physical and mental aspects is of utmost importance. While consultations can help as a preventive measure, buying the best health insurance policy in India is an excellent way to protect yourself from rising medical costs.

Click HERE to know more about the best health insurance policy in India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

As someone who owns a motorcycle, you will know the thrill of long road trips with friends or the calm of solitary rides at night. A bike can give you many new adventures, all of which you must experience in your lifetime. Owning a motorcycle is a matter of pride and honour. Still, it also brings many responsibilities like regular maintenance, proper servicing, and owning the best 2 wheeler insurance. However, this article will discuss another safety feature, i.e., headlights.

If you are looking to upgrade your headlights, or want to know the nitty-gritty of the kinds of headlights, then look no further. This article is here to help you understand all your motorcycle headlight-related needs.

Before looking at the types of headlights, let's understand why it is essential to have a fully functioning and a good-quality headlight on our motor vehicles.

1. Safety:

We have heard of accidents on the roads and highways at night. In most cases, the driver is incapable of navigating dark streets due to a lack of visibility. It is imperative to have a good headlight, to keep yourself and others safe on the road. Not only does it help you in seeing others, but it also allows others to notice you.

2. Driving through fog or rain:

Your vision is significantly compromised when you drive through dense fogs or heavy rains. A good quality headlight can pierce through rains and fog and help you with better visibility.

Now, let's understand the different types of headlights that are available in the market for you.

1. Halogen:

The most commonly available lighting in headlights is the halogen reflectors or filaments. These lights share the same characteristics as the yellow-hued filament bulb used in houses. These bulbs are cheaper and easily accessible by consumers; however, these lights are not as bright as the others available in the market.

2. Xenon bulbs:

These are produced majorly for projectors and other directional purposes of light. They give out a very sharp, bright light stream that can easily cut through the darkness and give better visibility of the road ahead. However, one con of these bulbs is that since they are intense beams of light, they tend to reflect from surfaces. So, while driving, you might not be able to see the directions and street signs, as these lights can reflect strongly into your eyes.

3. LEDs:

The light-emitting diode or the LED emits bright white light and is primarily found in newer models. They consume less energy and have high efficiency. They are also safe and durable and emit a bright stream of light that can easily cut through dense fogs and rains.

These are some of the significant kinds of bulbs used in your headlights. It is crucial to keep your bike and its parts working to ensure the safety of yourself and others. Besides the headlights, it is a good practice to take note of your vehicle's tail lights, turn signals, brake lights, and fog lights to ensure maximum safety.

Before upgrading to a newer headlight, it would be wise to check if the bike's battery can handle the extra load from a new headlight. If the batteries fail to handle the change, your bike can stop working. To bypass this issue, it is best to talk to a mechanic who will be able to guide you with the battery requirements for your headlights. An upgraded battery and a headlight system would keep your bike and the new headlight safe.

An efficient headlight is paramount to driving safely on the roads, specifically at night. Always ride with proper safety gear, carry the essential documents, and keep your 2 wheeler insurance up-to-date. Ride with responsibility and stay safe on the road!

Click HERE to buy 2 wheeler insurance.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Driving is a task that entrusts the driver with the responsibility of passengers, pedestrians, and vehicles in their hands. This overwhelms most drivers, especially beginners learning how to drive.

In the beginning, when you take your grown-up child for driving lessons, you may find them nervous and frightened. This fear makes them attempt fundamental mistakes, like applying brakes while keeping their feet on the accelerator. You may get frustrated and scold your child for such silly mistakes. However, your actions can result in a loss of confidence and develop a greater fear of driving. Thus, it would be best if you become supportive of your child.

Making your child follow the traffic rules and scolding them to drive slowly will not make them great drivers. It would help if you built some qualities within yourself for your child to learn to drive. In addition to it, ensure that you buy new car insurance as a preventive measure.

Follow these tips to be a supportive instructor and a cheerleader by their side!

1. Make them drive
Your child wants freedom, primarily because they ask for a licence. You can make your child drive the vehicle during an outing at safer locations, especially in the daytime. Or you can make them your co-driver, so they get some experience. Moreover, encourage them to look at the mirrors and the incoming traffic and read the signs on the boards. It will enhance your child's understanding of driving.

2. Stay patient and calm
To teach your child to drive, you need to develop patience. Your child may get nervous while learning to drive, and shouting could worsen their practice. So, staying at ease and unstressed will make their learning experience enjoyable. Further, try to avoid conflict situations and take them to learn to drive when you are in a good mood. While you may get irritated with their learning practices, keep calm, and avoid disagreements.

3. Take the learner driver's insurance
Though you may have been driving for many years, ensure you abide by traffic rules before giving vehicles to your child. You are responsible for ensuring you have insurance covering your teenager's learning. Mistakes can happen at any time while your child is learning to drive. So, it is better to have insurance covering all mishappenings costs.

4. Become their mentor driver
Children often copy the driving habits of their parents. These include talking on the phone or drinking coffee while driving. Your children see you and will hold you accountable for such habits later in life. It will help if you become a role model for them in driving. They stay focused and try to avoid doing other things while driving. Therefore, developing such practices within you will be helpful for your kids.

5. Check that your child is prepared to learn
Even if your child has crossed the legal driving age, it doesn't mean they are ready to drive. Acknowledge your child's maturity and help them to handle pressure situations gradually. Also, assess the thinking and acting capacity to react to rough possibilities. Further, ensure your child is emotionally ready to take control of a vehicle at a certain speed. It will enhance your child's learning experience and show their willingness to learn.

Your child needs your maximum support when they learn anything. Driving is one of the most important activities your child should do calmly. Also, while teaching your child traffic rules and signs, ensure that you follow them correctly. Always buy new car insurance before your child starts learning to drive. It will ensure stress-free learning and make your child a great driver.

Click HERE to buy new car insurance policy.

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.