Year: 2021
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Best Health Insurance Plan in India
Type of Insurance Cancer Insurance Critical Illness Insurance Health Insurance Plans Reason to Purchase • Covers cancer treatment expenses by payment of lump sum amount after diagnosis • Benefit-based policy • Payment of lump sum amount after diagnosis • Benefit-based policy • A basic indemnity-based plan for commonly occurring ailments • Provides either reimbursement for the expenses or cashless treatment What Does It Cover? Provides financial coverage against all stages of Cancer Common critical illnesses, as per the policy document Covers…
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Does your Health Insurance cover COVID-19 claims?
Does your Health Insurance cover COVID-19 claims? The coronavirus pandemic was a sort of eye-opener that emphasized the need of having a health insurance in place to fight against such unexpected medical emergencies. Insurance providers have assessed the need for a COVID-19 insurance that covers all medical expenses ranging from treatment costs to diagnostic tests. The two kinds of COVID-19 insurance offered as per the authorization of IRDAI are: Corona Kavach A short indemnity-based plan that pays up to the sum assured…
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Optional Add-Ons in Health Insurance
Optional Add-Ons in Health Insurance With the rise in life-threatening diseases that can put a significant dent in your finances, opting for add-ons over and above your base health insurance plans can come handy in managing health related emergencies. Some life-threatening diseases such as critical illnesses that include cardiovascular diseases, stroke, cancer, and kidney failure require a separate cover so that you can avail the best form of treatment for such ailments without stressing about the cost of getting treated. A Critical Illness and Disability Rider(A…
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Health Insurance Plans
Health insurance is a type of insurance policy that covers an insured individual’s hospitalization costs and medical expenses arising from an illness, injury, or accident, against a fixed premium amount. What Is Health Insurance? Health insurance plans in India are basic indemnity-based insurance products, which are specifically designed to provide financial assistance against medical expenses incurred in case of hospitalization or critical illnesses. Health insurance in India is a contract between an insurance provider and a customer in which the…
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Two Wheeler Insurance
What is Two Wheeler Insurance: Two Wheeler Insurance plans safeguard you against the financial impact of accidents, natural calamities & other unfortunate events that could harm your vehicle. Having a bike insurance policy ensures that your vehicle is restored to its original condition without putting a dent in your finances. In case of an accident, you may also inadvertently injure or damage someone else’s property. Fortunately, your motor insurance policy will cover your legal liability to pay for third party losses as…
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Renew Long-Term Car Insurance
Renew Long-Term Car Insurance If you had purchased a car post 1 September 2018, you had to buy a mandatory three-year third-party policy. Your car insurance renewal is almost here. You can lead the same stress-free life by purchasing a car insurance cover. If you are already an HDFC ERGO customer, just enter your policy number and begin the renewal process. If you wish to renew your car insurance policy with us, click here and follow the steps for hassle-free renewal. You…
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Benefits of Renewing a Car Insurance Online
Benefits of Renewing a Car Insurance Online Avail best deals /discounts Easily avail great deals and discounts at the time of renewal. You can also compare the best suitable plan include and excluding add-ons, as per your requirement. 2 Quick and convenient No need to stand in a long queue or visit the agent. Simply log on to the insurance provider’s website, fill in the details and make the payment. Your policy will be issued in no time. 3 Reduced /…
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What is Car Insurance?
Car insurance acts as a protection shield against any damages to your beloved car. These damages can be caused due to natural calamities such as floods, third-party liabilities, and theft, and other man-made calamities. In this way your car is secured financially at the time of any unfortunate event; as they say, accidents come unannounced. Car insurance covers you from such unfortunate events. As per the Indian Motor Vehicle Act of 1988, if you own a car in India, you…
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Postal Life Insurance
Postal Life Insurance (PLI) was introduced on 1st February 1884.It started as a welfare scheme for the benefit of postal employees and was later extended to the employees of the Telegraph Department in 1888. In 1894, PLI extended insurance cover to female employees of the erstwhile P & T Department at a time when no other insurance company covered female lives. It is the oldest life insurer in this country. Over the years, PLI has grown substantially from a few hundred…
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There are two basic types of term life insurance policies: level term and decreasing term.
There are two basic types of term life insurance policies: level term and decreasing term. Level term means that the death benefit stays the same throughout the duration of the policy. Decreasing term means that the death benefit drops, usually in one-year increments, over the course of the policy’s term. In 2003, virtually all (97 percent) of the term life insurance bought was level term. For more on the different types of term life insurance, click here. Whole life/permanent Whole…
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