Life insurance policy in India

Life insurance policy: 

 

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Life insurance is a contract between an insurer and a policyholder, in which the insurer guarantees payment of a death benefit to the named beneficiaries upon the death of the insured. The purpose of a life insurance policy in India is to provide financial protection to the family members after the death of an insured. Everyone knows why life insurance is important, but many of us choose to ignore the reality of what would happen if we were to die suddenly without proper protection. It is essential for applicants to analyze their financial situation and determine the standard of living needed for their family members before purchasing a life insurance policy in India. The policyholder has to pay a premium, either regularly or as one lump sum. 

Types of life insurance policy: 

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Term Insurance: Term insurance is a life insurance policy in India offered by an insurance company that offers financial coverage to the policyholder for a specific period of time. 

Unit Linked Insurance Plans: These are unique insurance plans which are basically a mutual fund and term insurance plan merged into one. 

Whole life: Whole life insurance policy in India provides lifetime coverage for a set premium amount. 

Endowments: Endowment plans pay out the sum assured under both scenarios - death and survival 

Money back: Money back plan is an investment plan which provides life insurance cover against the death of the policyholder along with periodic returns as a percentage of sum assured. 

Policy for Child: Child plans help to build funds for a child’s education and marriage. 

Importance of life insurance policy: 

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Whether it's for replacing lost income, paying for your child's education or making sure your spouse gets the much-needed financial security, life insurance policy in India could save the day for your family members. It would help you achieve your long-term goals such as buying a home or planning your retirement. You could save taxes with insurance policies irrespective of what plan you buy. Death is unavoidable. In the face of tragedy, the least you can do for your family is to secure their financial future. Even if it is a small policy, you know that you've done all you can to help them tide over difficult times. With a life insurance policy in India plan, you can ensure you have a regular stream of income every month. A life insurance policy will ensure that your children can go to college, buy a home and even pay for their wedding. 

Asset Insurance in India

What is Asset Insurance?

An Asset Insurance in India is a safety cover that protects your assets from sudden and accidental damage. The company covers the cost of repairing if the asset can be repaired and if they are un-repairable the insurer replaces them. It is mentioned in the policy document that assets can be covered like building, walls, service facilities, etc. An insured asset is one for which insurance compensates the owner if it is damaged. One of the ways to protect the assets of the company is gaining corporate asset insurance. Losing important assets means losing the base and giving a large sum to establish it once again. It is important to have a support system for your company. Without Asset Insurance in India, none of your companies can deal with sudden incidents in the future. Asset has the most profitable value. There are various asset insurance schemes for the protection of assets.

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Forms of Asset Insurance in India

Asset Insurance helps in the continuous functioning of business by providing coverage against sudden risks. Outstanding liabilities, mortgage bills, etc towards vendors can bring the company to pause. There are different forms of asset insurance in India

Fire Insurance- A major fire can bring disaster to your company. You can face a huge loss.

Sometimes, it is not possible to recover the loss. Fire Insurance covers your workplace’s structure as well as contents against the risk of fire but also uncertainties like hazard, terrorism, etc.

Burglary Insurance-This covers the assets contained in business premises. It covers cash, valuables, and securities saved in a lock safe.

Cash Insurance-It is very important as it covers the organization’s cash and bankers’ drafts etc. It covers the money during transactions in the personal protection of the insured or employee.

Money in a secure room outside working hours.The cash in office all through working hours.

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Buy Asset Insurance Online

Asset Insurance in India is less popular but with time, business owners are realizing its importance. They treat it as an investment rather than expenditure. To buy Asset Insurance in India online, few documents that you need to provide such easy to buy without a bundle of paperwork. Tales less than 10 minutes to complete a purchase. You need to enter simple basic requirements as per the needs and preferences to find the best insurance plan for yourself. Compare plans from various companies in less than 30 seconds. Choose a plan which fulfills your criteria. You need to complete the proposal form in five minutes in which you need to fill your basic details. Upload your documents and make payment for the plan you opt for. Now you are covered under the policy.

Best Car Insurance Policy in India

What is Car Insurance Policy?

A car insurance policy is a safety coverage that the car owners takes to protect their car from from physical damage.The Best Car Insurance Policy in India is taken for a specified period of time.The premium is paid in advance to keep the policy insurance active. Taking Best Car Insurance Policy in India is mandatory by law. Best Car Insurance Policy in India protects the insured from any legal liabilities and , damages arising out of natural calamities and theft.The car Insurance policy covers  loss or damage to your vehicle against natural calamities, Personal Accident Cover , Third Party Legal Liability, damage to vehicles against man-made calamities.Each car is insured at a fixed value which is called as the Insured’s Declared Value.Best Car Insurance Policy in India is renew online, starting 60 days before expiry of existing policy.Car Insurance is purchased online as well as offline.

Benefits

It provides benefits to survivors when an accident results in death.Best Car Insurance Policy in India covers legal fees brought across the result of accident.It covers the bills of vehicle. Repairs due to damage caused in accident.Best Car Insurance Policy in India  allow premium discounts for theft.It also provides added advantage to extend coverage to others driving your car.No claim bonus is offered on renewals provided but on certain terms and conditions.Trained professionals are available online to answer your queries that you may have.Buying online car insurance in India directly from the insurer gives additional discounts.Choosing a Best Car Insurance policy In India: online allows the freedom to choose the four-wheeler policy that best suits the customer.It offers the benefit of no claim bonus (NCB). NCB is a discount on premium given by the Best Car Insurance Policy in India.

 How to buy Best Car Insurance Policy in India?

Best Car Insurance Policy in India can be bought by online as well offline mode.The process of purchasing online car insurance policy is easy.You can purchase or renew car insurance policies online directly from the website of any individual insurers .You can also buy car Best Car Insurance Policy In India from an insurance broking portal. Because insurance broking portals present you a broad ground of choices to pick, select and guide you completely so you can use the best car insurance plan when you buy or renew auto insurance policy online.Buying a car insurance policy offline from the insurer or through insurance broker is an old method .Offline purchase or renewal of car insurance policies  of is still preferred by many in India.You will have to visit the head office or any of the insurer’s branch offices to purchase or  renew you Car Insurance Policy.

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Health Insurance in India

Health Insurance

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Firstly we need to know what is health insurance. The world that we live in today is full of uncertainties. Anything can happen to anyone, at any point in time. Hence it is highly recommended to ensure you and your family's health. Health Insurance in India is a kind of insurance policy which covers the cost of an insured individual’s medical expenses which covers doctor's fees, nursing expenses, OT charges, medicines and drugs, anesthesia and oxygen administration expenses, etc. There are many companies providing health insurance.Health Insurance in India is an investment for your future. Every insurance company has its various health insurance plans. Some reasons can push you to buy a health insurance policy like tax benefits etc.

 Importance and benefits of Health Insurance in India

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Health Insurance in India is one of the fastest-growing industries. Buying a health insurance policy for yourself and your family is crucial because medical care is expensive, especially in the private sector. A health insurance policy safeguards you and your family against the risk of a sudden hospitalization and all the related expenses. It is the only way by which you can rescue the financial burden of an uninvited surgery or illness. Health insurance policies in India will not only guard you against the present and future-driven healthcare costs but will also guide you on the path to wellness for the long term. Health Insurance plays a pivotal role in saving and planning for health-related emergencies. The benefits of health insurance in India are Cashless Treatment, Pre and post hospitalization cost coverage, Transportation Charges, No Claim Bonus (NCB), Medical Checkup, Room Rent, Tax benefits, etc.

Types of Health Insurance in India

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Health insurance in India is the most important and cost-effective way of protecting your finances. Without knowing the types of health insurance plans available in India, you can’t ensure the right deal. Buying health insurance is easy, only if you approach the right way. There are two types of health insurance policies -Indemnity Plans and Defined-benefit Plan. Indemnity plans are the traditional health insurance that covers your hospitalization expenses up to the sum insured which includes Mediclaim Insurance, Unit Linked Health Plans, etc. Mediclaim insurance compensates you for the hospitalization expenses incurred due to illness or accidental stay. It includes in-patient expenses such as nursing charges, surgery expenses, etc. Individual insurance policy is meant for an individual only. The insured can claim up to the basic sum insured. In the Defined benefit plan, the insured is compensated for a lump sum amount on the detection of illness. These plans include Critical Illness Plan etc.

India Travel Insurance

India Travel Insurance

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Traveling is exciting as well as tiring. Whether a person travels for personal reason or official, one should always take note that anything can happen while traveling. To keep a flag on one’s safety while traveling, India Travel Insurance is best to opt to travel in India. Travel insurance In India proves to be of great use when an individual is cornered in situations of political and social unrest in any given country. Today, the situation is such, that almost every business is beating markets in a foreign land. Furthermore, companies are sending people to handle work in abroad. As a result of this, they should also provide overseas travel insurance to their employees, to ensure that they remain safe while traveling. Most of the times people do not consider buying insurance while traveling, and if they face any sudden situation of social or political unrest, they are stranded in the middle of their journey. 

Highlights

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• Pre-trip information service provides you health information and up-to-date travel.
• 24/7 access to medical advice on telephone from anywhere in India.
• Referral of medical service providers and hospitals.
• Payment of medical expenses incurred during hospitalization.
• Arrangement of compassionate visit/emergency discharge, recovery, passport assistance, and lost luggage.
• Commission/ interpreter referral services.
• Segment specific plans with special plans 
• No medical tests required for people up to 70 years of age.

In order to avoid such a situation, it is best to opt for a suitable overseas travel insurance plan. Furthermore, while buying an overseas insurance plan, one must see to it that the plan he or she is opting for matches their respective travel requirements and schedule.travel insurance plan aims to make your foreign travel safe and hassle free by guarding you against all travel and non-travel inconveniences, emergency medical costs incurred in the event.

Significance of Travel Insurance

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India Travel insurance is a complete insurance policy that offers cover for both medical and financial emergencies that might arise while traveling anywhere. Benefits like checked-in baggage loss or delay, unique facilities like worldwide cashless medication and unexpected medical and non-medical facilities, loss of crucial documents like passports, personal accidents all are a part of the involvement that are offered by most travel insurance plans. 

Benefits of Travel Insurance are-

 You can avail of coverage at any place.

 You can choose from the various packages & plans combined with travel to  various locations.

 You can prefer for short term as well as long term insurance plans

 There are options for loss coverage and facilities to choose from

Most travel insurance plans include cover for cashless medication.Some plans give medical transportation service. Many insurance companies give a special card that is used to obtain cashless service at hospitals.

Best Health insurance policy in India

Importance of insurance

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The best health insurance policy in India also pays bills for other expenses. With the increasing costs of health services in our country, and with the growing cases of diseases, health insurance is a necessity today. As per Expert Insurance for every person in India, health insurance has become essential. It provides risk coverage against expenditure which is caused by the unpredicted medical crisis. Today, when the medical inflation rates are so high, failing to hold a sufficient health cover can prove expensive financially. However, the understanding of health insurance is on the rise in various cities in India. To get the best medical provisions without financial stress, you will need a Best Health Insurance policy in India. Buying a health cover is no longer a choice but has become a need. Hospital bills bring big trouble even for the small conditions.

Benefits of health insurance

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There are several benefits of health insurance like cashless claim benefit- The cost of the hospital is fixed between your insurer and the hospital. To take advantage of this benefit, an insurer must be admitted to any network hospital. You can fill a pre-authorization form and display your health insurance card to enjoy the cashless facility. Cover against medical expense – The main purpose of medical insurance is to receive the best medical care without any strain on your finances. Best Health Insurance policy in India offer protection against the best mediclaim. It covers hospitalization expenses, domiciliary expenses, and ambulance charges, besides many others. Therefore, instead of worrying about such high costs, pay attention to health improvements. Coverage against critical illnesses- Best Health Insurance policy in India provide critical illness insurance, This type of insurance policy provides coverage against other diseases such as kidney failure, stroke, and loss of organs. Expert insurance provide many other benefit. 

Advantage of health insurance

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There are several benefits of health insurance like cashless claim benefit- The cost of the hospital is fixed between your insurer and the hospital. To take advantage of this benefit, an insurer must be admitted to any network hospital. You can fill a pre-authorization form and display your health insurance card to enjoy the cashless facility. Cover against medical expense – The main purpose of medical insurance is to receive the best medical care without any strain on your finances. Best Health Insurance policy in India offer protection against the best mediclaim. It covers hospitalization expenses, domiciliary expenses, and ambulance charges, besides many others. Therefore, instead of worrying about such high costs, pay attention to health improvements. Coverage against critical illnesses- Best Health Insurance policy in India provide critical illness insurance, This type of insurance policy provides coverage against other diseases such as kidney failure, stroke, and loss of organs. Expert insurance provide many other benefit. Advantage of health insurance

Best Health Insurance Policy in India

Best Health insurance policy in India

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The best health insurance policy in India also pays bills for other expenses. With the increasing costs of health services in our country, and with the growing cases of diseases, health insurance is a necessity today. As per Expert Insurance for every person in India, health insurance has become essential. It provides risk coverage against expenditure which is caused by the unpredicted medical crisis. Today, when the medical inflation rates are so high, failing to hold a sufficient health cover can prove expensive financially. However, the understanding of health insurance is on the rise in various cities in India. To get the best medical provisions without financial stress, you will need a Best Health Insurance Policy in India. Buying a health cover is no longer a choice but has become a need. Hospital bills bring big trouble even for the small conditions.

Benefits of health insurance

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There are several benefits of health insurance like cashless claim benefit- The cost of the hospital is fixed between your insurer and the hospital. To take advantage of this benefit, the insurer must be admitted to any network hospital. You can fill a pre-authorization form and display your health insurance card to enjoy the cashless facility. Cover against medical expense –   Main purpose of medical insurance is to receive best medical care without any

 strain on your finances. Best Health Insurance policy in India offer protection against best mad claim. It covers hospitalization expenses, domiciliary expenses, and ambulance charges, besides many others. Therefore, instead of worrying about such high costs, pay attention to health improvements. Coverage against critical illnesses- Best Health Insurance policy in India provide critical illness insurance, This type of insurance policy provides coverage against other diseases such as kidney failure, stroke, and loss of organs. Expert insurance provide many other benefits.

Importance of Health Insurance

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The best health insurance policy in India is a more important factor in our life and family member. You are saving own money if you are taking the best health policy insurance in India is totally cashless and this policy to take off this benefit must be admitted to any type of hospital in your home town and in India. This policy gives all types of diseases such as: stone problems, kidney failure, heart problem and brain surgery. There are several benefits of health policy like cashless claim. This types of cost is fixed between hospital and owner of insurance policy. You will pay only 500 rupees per month for this company so I will tell you everyone takes health insurance for his life. You will take health insurance at a minimum cost.