Need Help? Call 1800-123-4003
(9:00 AM to 9:00 PM)
Health insurance is an agreement between the insurance company and the policyholder where the insurance company agrees to pay the claim amount up to the sum insured in case of hospitalization in return for a premium to be paid by the policyholder. It can either be an employer sponsored or individual health insurance. Due to the sudden outbreak of Corona Virus pandemic there is a considerable demand for Health insurance in particular to the Corona virus covered health insurance.
Driving a car or any other vehicle gives thrill to the riders but it is equally important to ensure that the traffic rules are followed while driving a car. Driving a car requires skill as well as presence of mind, so it is of utmost importance to have a valid licence before driving the vehicle in public places. But many people in India learn driving on public roads with their own/ family owned vehicles sometime without a proper instructor.
A top up plan is like a regular health insurance plan where the hospitalization and other allied expenses are covered but only after a threshold limit, known as deductible. Every top up policy comes with a certain deductible and deductible is the amount of claim that is to be borne by the policyholder. A top up policy is normally taken in addition to the base policy where the requirement of sum insured is high but the severity or occurrence of claims is rare. The premium charged for the top up policies is quite less compared to that of the base health insurance policies. This is due to the high deductible in the top up policies when compared to the normal health insurance policies.
Many of you might have had a doubt, why the full sum insured is not paid in case of health insurance? But the full sum assured is paid in case of life insurance. Health insurance can be defined as the agreement between the insurance company and the policyholder where the insurance company agrees to reimburse a pre determined amount in case of hospitalization of the policyholder on payment of a certain premium. The maximum amount of liability of the insurance company in case of health insurance is called as the sum insured, whereas in case of life insurance it is known as sum assured.
Owing a car is not longer considered a luxury; it has now become a necessity to own a car. This has increased the sales of the cars drastically in the recent years. India is considered as one of the most favourable markets for car makers due to the huge market potential. With the increase in the sales of the cars and other motor vehicles, there has also been an increase in the insurance policies taken for these vehicles.
Having a home is a dream for many of the Indian people. But due to the rising real estate and construction costs it is becoming highly difficult to purchase a home without a loan. Home loan market is growing every year and stood at Rs.11.5 trillion as of March, 2009. The CAGR growth rate has been around 16% over the past 6 years. Keeping this in mind many banks and NBFCs have cut the interest rate payable on the home loan.
A life insurance policy is an important tool in financial planning for many of us. There are different modes of Life insurance policy payments. One of the most favoured modes by many is “Regular payment” in which the policyholder makes payment to the insurance company at regular intervals of time. These regular intervals are Monthly, Quarterly, Half yearly and Annual, out of which the Annual mode of payment is opted by many of us. The other payment types are “One time payment” or “Limited period payment”.
Understanding Knock for Knock Agreement in Car Insurance. Car insurance is the bread and butter of all the General insurance companies in India. This is due to the reason “Third party insurance” being mandatory to drive your vehicle on a public road. The third party motor insurance is made mandatory as per the Motor Vehicle’s Act, 1938 wherein you are mandated to have at least a third party motor insurance to cover the death and damage to the third parties due to an accident.
Car insurance has been introduced in India with the Motor Vehicles Act, 1938 which states that it is compulsory to have a valid third party insurance to drive a vehicle on public roads. As the law suggests, it is mandatory for a vehicle owner to have at least third party bodily injury and property damage insurance to drive in a public place. The motor insurance was made compulsory in India in 1938, but the first car was introduced to India in the year 1897.
Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.
By submitting this form you authorize PolicyBachat or it's affiliates to contact you and override NDNC registry.
We note that you had left your transaction unfinished the last time you checked
in with PolicyBachat. Would you like to continue with the same quotes or look for
a new insurance policy?