Can Loan Be Given Against Insurance Policies?

What is a Major Advantage of Insurance Policies?

Insurance is a contract between the insured customer and the insurance company. The major advantage of insurance policies is to provide economic and financial protection to the insured against the unexpected losses of the insured due to insured peril acting at the time of loss or damage in return for a nominal amount known as “Premium”.

What is PolicyBachat and How does it help with my Life Insurance Policy Purchase?

PolicyBachat is an online insurance web aggregator which helps in selecting the best insurance policy for its customers based on the customer’s requirements. We at PolicyBachat provide the customer with a wide range of options to select from. The best life insurance policy can be selected online from our portal. We even provide assistance to our customers in selecting the best life insurance policy based on the requirements of the customer.

Can a policyholder nominate anyone for his Insurance Policy?

Yes. The policyholder can nominate anyone for his insurance policy.

How to Compare Insurance Policy?

Comparing insurance policies can be a daunting task, but it's an important one to ensure that you're getting the coverage you need at a fair price. By following the below steps, you can effectively compare insurance policies and choose the one that best meets your needs.

• Determine your insurance needs
• Research different insurance providers
• Compare coverages
• Compare premiums
• Check for discounts

How Insurance Works in India?

The insurance company and the insured get a legal contract for the insurance, which is called the insurance policy. The insurance policy will ensure financial security.

What are the Documents Required for General Insurance Policy?

• Aadhaar card
• Voting ID
• Driving license
• Birth certificate
• Ration Card
• 10th or 12th mark sheet
• Passport
• PAN card
• Photograph
• Electricity bill, telephone bill, etc.