What is Insurance?
Insurance is a protective net that you take to secure yourself against unpredictable situations, or against unforeseen emergencies.
By and large insurance can be classified into two types- General Insurance and Life Insurance! Lest we say, both are equally important.
Different types of Insurance Policies
- Life Insurance
- Health Insurance
- Car Insurance
- Two Wheeler Insurance
what is Life Insurance
Life insurance covers your life. Literally! It ensures that you and your family are financially stable in the unfortunate case of you becoming disabled due to a mishap, or worse.
Life Insurance has different plans based on the kind of coverage it offers:
- Term Plans
- Endowment Plans
- Moneyback Plans
- Pension Plans
what is Health Insurance
This insurance covers all the medical expenses related to treatment of ailments. It covers hospitalization, medication for illnesses ranging from a viral flu to much more severe ailments
- Hospitalisation expenses for accidents and illnesses
- Treatment charges for critical illnesses
- Diagnostics and test expenses
- Medical bills prior to or post hospitalisation
- Day care procedures
- Expenses for alternative medicine or treatment
- Maternity and new born benefit
- Road ambulance charges
- Dental treatment
- Add-ons if opted (OPD benefits, Home hospitalisation, Daily hospital cash,Cancer benefit)
what is Car insurance
Car Insurance is your protective net for your vehicle against any unforeseen event like accidents, theft, fire among some. Car insurance covers your car both in case of your own damages as well as if you cause damage to a third party. There are two types of car insurance policies available – comprehensive & Third Party Car Insurance
Two wheeler Insurance
this covers your two-wheeler against any mishaps like accidents, theft, natural disasters etc. It covers you for any damages as well as the third party, if you meet with an accident. There are two types of two wheeler insurance policies available – comprehensive & Third Party Insurance
Things to Check when buying an Insurance Policy
Service benefits – You should look at Service Benefits like 24*7 Customer Support, Convenient Pick-up & Drop for your vehicle and a Wide Network of Cashless Garages.
Choose the right Sum Insured – The Right sum insured helps in ensuring that you are completely covered in case of an emergency
Speed of claims of the insurer – Claims is the reason you buy an insurance. So check how long your insurance company takes to settle claims.
Best value – If you are satisfied with the service and the Sum Insured, check the premium and the discount you are getting.
TAX BENEFITS ALSO AVIALBLE FOR INSURANCE U/S 80C & 80D