GENERAL INSURANCE BLOG

So much deliberation goes into buying a car, but car insurances? Not so much. This is one of the most concerning problems as these trivial mistakes are overlooked and more importantly can even be done away with if one is cautious enough.

Car insurance is almost mandatory in times like now but keeping relevant information from your insurance provides is often misleading than not. Here are mistakes to avoid when you're buying a car insurance policy -

• Not comparing prices- Many people who instantly go for insurances provided by someone they know or the insurances their acquaintances have applied for. Although the reliability factor is higher here, you can't be sure that they'd have made the right decision or looked up the new car insurance rates and updated offers in the market. For this one reason at least, compare the prices of different insurance policies till you're totally convinced about a single policy over the other. This will also give you the additional satisfaction of having researched well enough and made a wise choice.
• Cheap insurance policies- Cheaper insurances come with the obvious hazard that there's something flawed or even shady the company is trying to keep from you. Sometimes, companies manage to go about selling these without some key features which you may happen to overlook. Most people usually opt for the cheapest or the insurance policy with the lowest premium, and that doesn't assure the same type of safety as good reliable insurance will offer. Do not make hasty and flippant choices, as it's obvious that a lower premium also means a lower cover is provided when necessary.
• Buying it offline- Even if you know someone who may provide insurance services from a reliable company, there are a lot of unnecessary hidden costs that you'd not know. Rather than going for a cheaper unreliable premium, you can just opt for a good and reliable premium from a reputable company that also gives cheaper options. This is usually overlooked because people still choose or prefer the offline modes of application and payment. However, it is always more beneficial to find the online versions as not only does it come with a greater variety of options and plans, but it will also remove all the hidden costs for the job.
• Low deductibles- This is like choosing for cheap premium except here, deductibles are the charges paid by a customer before receiving the claim. If you're going to focus on this factor, then you'd be missing out on a balanced plan with a good premium as well. Usually, lower deductible plans come with higher premiums. Either way, you'd have to pay that said amount so why not choose a more profitable variation. If you opt for a policy that requires a higher deductible, then you can also attain the no claims bonus. This 'No Claim Bonus' or NCB is when an insurance company pays you if you do not file a claim for a stipulated amount of time. This could be an additional profit you will not be able to enjoy if you pay a lower deductible and a higher insurance premium.
• Driver details and history- Usually, the factors considered for the insurance premium include the details of the driver, including the age and other details like safety equipment installed, driving style. These may increase or decrease your premium accordingly. But because of that, if you choose to hide certain details for a lower premium thinking you've made a smart choice, it's misleading and doesn't assure you the certainty of your insurance. If an insurance provider finds out about the hidden details, they hold the authority to dissolve your policy as an invalid one. So, don't make a mistake like this just to save a few hundred rupees.

Acquainting yourself with the new car insurance rates, terms and conditions, and other essential aspects of the insurance policy is essential to help you maximize the benefits on offer.

Health is a critical aspect of life. Hence the famous phrase health is wealth. With today’s pollution, changing and often unhealthy lifestyles, changing weather, an increase in diseases and mutation in the illnesses that already exist, etc. are extremely hazardous to health and, in turn, life. Not to mention the unknown health hazards that could come out of nowhere; for example, an accident is not something you expect or know off. Also, the medical costs of all these health hazards can be huge and can make a massive hole in your pocket. Some of these diseases could be a long term meaning your investment in the treatment will also be long term. The bills of these treatments go very high and can end up making huge holes in your pocket. To avoid that, you can choose any of the available, AFFORDABLE HEALTH INSURANCE PLANS in the market. Following are five benefits of a health insurance policy that make it an absolute necessity: -

• The main reason why most people or families choose to go for health insurance is to have medical coverage. As mentioned above, health insurance plans offer coverage for high medical bills and can be extremely helpful. A health insurance plan covers hospitalization expenses, in-home hospitalization expenses, and many other such expenses too.
• Nowadays, insurance providers also offer critical illness cover. This cover can be stand-alone or can be a part of your health insurance plan. A critical illness cover assists in medical costs of critical illnesses related to kidney, bone marrow transplant, a stroke, loss of limbs, etc. and many other such illnesses. If you are diagnosed with any critical disease, you receive a lump-sum amount as part of the cover.
• Cashless claim benefit is also quite a popular part of affordable health insurance plans. In this plan, you don’t have to make any out of your pocket payments. If and when assistance is required, you can settle the hospital bill with consideration from your insurance provider, the hospital, and you. Keep in mind if any such situation arises, you must get admitted into a hospital that is included in the list provided by your insurance company.
• Many companies or organizations cover health insurance for their employees. You must remember that this type of insurance, however, is not custom made for every individual but is instead the same. Also, you could lose insurance if you are not working at the company. Apart from the above specifications, the health insurance provided by your company is also q good. Make sure to go over the terms.
• Almost all health insurance policies have tax benefits. Under Section 80D of the Income Tax Act 1961, part of the premium that you pay towards your health insurance plan is eligible for tax deductions. Of course, there are a few terms and conditions that apply to this based on age, insurance plan, etc.

These are five benefits of a health insurance plan that show how beneficial it can be for you. Keep in mind all your needs and requirements and choose the best health care plan. You will find different types of affordable health insurance plans from which you can choose as per your convenience.

Exercise is a hobby for several people. Many people enjoy going to the gym every day, sweating it out, and keeping fit. For some people, a gym is just too intimidating or even not the most preferred choice. If you are one of those people and are only looking to stay fit without actually going to the gym, there are a few exercises that you can do. These exercises can be done by people of any age to stay fit.

An insurance policy for the elderly is essential. However, exercising is a must as it will help you in delaying using health insurance in India for parents. Staying fit is extremely important, but you need not go to a gym to do that. There are many other exercises that you can do. Following are five exercises that keep you healthy: -

1. The most simple and common exercise is walking. Walking requires no equipment or any fancy things other than a pair of good sports shoes. Walking will help you in many ways. It improves cholesterol levels, strengthens your bones and muscles, and regulates your blood pressure, enables you to stay in a happy mood, lowers your risk toward a considerable number of diseases like diabetes, etc. and, of course, helps you stay fit in general.

2. Swimming is another exercise that is extremely helpful to keep you healthy. Many health trainers say that swimming is the perfect workout. Swimming works all your body parts, and hence your entire body stays fit. Joint pain is a problem faced by many people, especially older people. Swimming is an excellent exercise to deal with joint pain as the water takes the extra strain off your joints and helps you move them fluidly. You may have to go slow and only start walking in a swimming pool. According to research, swimming also helps keep you in a good mood.

3. You must be familiar with the term strength training. Strength training is working out with the help of lightweights. This form of exercise doesn’t bulk up your muscles, but it does help in making them stronger. Not exercising your muscles will make them dormant and lose their function after a while. To delay this, you must give your muscles good exercise. Muscles also help burn calories, so the more muscles you gain, the more calories you will burn this helps in keeping your weight in check as well.

4. Another exercise to keep you healthy is ‘tai chi.’ Tai chi is a Chinese exercise or martial art that combines movement and relaxation – two crucial factors in life. Tai chi is also often referred to as meditation in motion. It is made up of some graceful movements and is all about moving from one movement to another.

5. Yoga is a very popular form of exercise all around the world. It is an exercise that is known to keep you fit. There are many positions and instructions on how to form those positions. Yoga is hugely beneficial to muscles and helps in weight reduction as well.

Staying fit is an integral part of human life. That can be done through exercise and hence you must do some exercise to keep fit. Not only yourself but encourage your parents also to engage in regular exercise. This, along with HEALTH INSURANCE IN INDIA FOR PARENTS , will ensure their well-being.

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

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

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

Importance of Marine Insurance

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

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

Benefits of Marine Insurance

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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