Insurance

Unhappy with your health insurance?Most of the health insurances have complicated terms and conditions and extreme care needs to be exercised before choosing a health policy. If you fail to pay extra attention, it might bring you hideous surprises from the insurance company. If you are unhappy with your health insurance policy, here are some steps to help you out.Free-Look PeriodYou have read the fine print of your insurance policy and you feel this product

What is a Life Insurance Plan?A life insurance plan can be defined as a contract between you and your insurance provider, where your insurer promises to pay a specific amount of money in exchange for a premium in case of your untimely death or after a specified period. There are several advantages of taking an LIC policy:1. Apart from providing your family with the financial buffer, a life insurance can also be an investment choice. There are several life insurance po

Tips to Keep in Mind While Buying Car Insurance Plans What Is Car Insurance? A car or vehicle insurance is a policy that protects you from financial loss in case of an accident or natural disaster like floods or fire that causes damage or loss of your car. You need to pay a premium (generally annually) and the insurance company agrees to pay your losses as per the terms and conditions defined in your policy. Car insurance could also cover thir

5 Tips for choosing a Health Insurance Plan Buying health insurance is becoming increasingly common—and essential—in India today. With the surge in medical expenses, you might be worried that in case of a medical emergency or serious medical condition, you will not be able to afford the expensive treatment. The answer is health insurance. More and more people, especially in urban areas where medical expenses are skyrocketing, are opting to buy health insur

5 Tips when considering a Life Insurance Plan A life insurance plan is basically a kind of a contract between you and your insurance provider, stating that in case of your untimely death and loss of earnings, your family will get financial security. For this financial security, you need to pay a premium on a periodic basis to your insurance provider for a set period of time. 5 Tips - Life Insurance Policy 1. View life insurance is

If you buy a vehicle, you must know that purchasing vehicle insurance is mandatory in India. By law, you need to have insurance when you own a vehicle. In simple terms, vehicle insurance basically protects you against financial loss in case of an accident—man made or natural. Vehicle insurance could include insurance for a car as well as a two-wheeler. Vehicles like buses, lorries and trucks that are used for commercial purposes are generally covered by Commercial Vehicle Insura

A life insurance policy is kind of a contract between you and your insurance provider. In simple terms, when you buy a policy, you pay a premium for a set period of time and in return your family will get financial security in case of untimely death and loss of earnings. Reliance Life Insurance coverage is one such option. Why Is Taking a Life Insurance Policy Important?If you are the sole or main breadwinner of the family, an untimely demise can potent

Life is unpredictable. Anyone can fall prey to serious illness at any stage of life. Medical insurance will help you in such times of personal and financial crisis. When you are in the hospital, sick or worried about a family member, at least you will not have to deal with the financial worry – it will be taken care of by your insurance coverage. What is medical insurance? It is a contract between the insurance policy issuer and an individual. To put it in simple terms, it gives

‘Non-life insurance’ is simply the other forms of insurance, apart from life insurance. Growing up, all we hear is life insurance, but there are other forms of insurance that are equally vital to our physical and mental well-being. What are these? First of all, what is insurance, what is life insurance and what are the various other kinds of insurance? Buying an insurance policy is a way of protecting yourself from loss in the future. You might not actually experie

Who hasn’t heard of LIC?! The Life Insurance Corporation of India (LIC) was set up in 1956 with the aim of providing insurance cover to wider sections of the population – especially in the rural areas – and at a reasonable cost. From 112 branch offices in 1956, LIC now has over 2000 branch offices and issues more than 1 crore policies a year. It is the leading issuer of life insurance policies in the country.Life insurance protects you financially from two main unce

What is insurance? Insurance is an agreement by which a company provides you financial compensation for loss, damage, illness, or death. In return, you pay a specified premium on a periodic basis – monthly, quarterly, bi-annual or annual. Naturally, the amount you receive as payout – or the coverage - depends on the premium paid. The bigger the premium, the greater the benefits. Why do I need insurance? Having insurance helps you in many ways. It i

Life is unpredictable and there is nothing so frustrating and worrying as a family member being taken ill. While you stress about medical treatment and recovery, at least you need not worry about the financial aspect– it will be taken care of by your insurance coverage, if you have a family health insurance plan in place. Keeping in mind the steep rise in medical costs in the country, it has become necessary for everyone to have a health insurance plan, and more and more people

Insurance is quite simply protection against the risk of potential significant financial loss in the future. While choosing a policy might initially seem confusing, it is an essential part of organizing your personal finances. An insurance policy is a way of buying financial peace of mind against the uncertainties and risks in life such as untimely death, loss of property, serious health issues requiring heavy expendit

Buying health insurance is becoming increasingly common in India today. Naturally, you would want to choose the ‘best’ insurance policy that suits your medical and financial requirements. There is no way to determine the company that provides the best health insurance in India -  the best company is the one that provides the policy that fulfills your specific health insurance needs with a price and service quality that you are satisfied with. There are several insurance compa

There is no way to determine the ‘best’ health insurance company operating in India today. The best company is the one that provides the policy that suits your requirements and fulfills your health insurance needs with a price and service quality that you are satisfied with. There are several insurance companies that offer good health insurance plans and it is important to do the res

Motor insurance is the insurance policy for vehicles.  It could include Car Insurance and Two-Wheeler Insurance. Vehicles that are used for commercial purposes, like buses and trucks, are covered by Commercial Vehicle Insurance.Motor insurance is mandatory in India. It is compulsory to buy auto insurance when you purchase a vehicle.What is covered in a motor insurance policy? When you purchase motor insurance, the policy will typically provide

Max Life Insurance is a life insurance provider. It is a joint venture between Max Financial Services (which is part of the Max Group, a large, multi-business Indian corporate), and Mitsui Sumitomo Insurance Company which is one of the leading general insurers globally. Max Financial Services owns and manages a little more than 72% of Max Life Insurance Company Limited. Products offered by Max Life Insurance Max Life insurance focuses exclusively on pr

ICICI Prudential Life Insurance is a joint venture between ICICI Bank and Prudential PLC, a leading British financial services company. It was the first private sector life insurance company to begin operations in India in 2000 after approval by the Insurance Regulatory Development Authority of India, and it remains one of the leading life insurance companies in the country.  ICICI Prudential Life Insurance plans ICICI Prudential has a range of plans to s

Two-wheeler insurance (also known as bike insurance) is mandatory for all two-wheeler riders in India. Besides purchasing the policy, you need to make timely renewals, so that the plan never lapses and is always active.

Aditya is a 30-year old individual looking to insure his life. He works in a reputed MNC, has two kids and is the primary breadwinner of his family. He wants to ensure that his wife and children are financially protected, if something unexpected happens to him.

The amount of money that a person pays for his/her insurance policy is called the insurance premium. It is basically the amount charged by the insurance company to provide coverage. The insurance premium can be paid on a monthly, quarterly or yearly basis, depending on the insurance plan.There are a multitude of insurance plans in the market and the premium charged on each of these plans can vary depending on a carefully calculated combination of factors.How are insu