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Insurances

What is Insurance ?

Insurance is a financial protection tool that helps individuals and businesses safeguard themselves against unexpected financial losses. By paying a regular premium to an insurance company, policyholders receive coverage against specific risks such as medical emergencies, accidents, property damage, disability, or loss of life. In the event of a covered incident, the insurer provides financial compensation or support according to the policy terms, helping reduce the financial burden and providing peace of mind. Insurance plays a vital role in financial planning by protecting your assets, income, health, and loved ones from unforeseen circumstances.

Protect your loved ones with

Life Insurance

Insurance is a highly misunderstood product and it’s often bought and sold for the wrong reasons. At the same time it’s a very important part of your life and you must know certain ground rules for making the right decisions in this year. Many of us consider insurance just another investment for tax saving.

Our day-to-day life is full of unpredictable risks for example loss of life, loss of income, critical illness, disability etc. Insurance planning means figuring out adequate cover against “insurable risks” and getting the maximum out of the premium you pay. Tax exemption is just another aspect of it.

Life Insurance is a contract by which you can protect yourself against specific losses by paying a premium over a period of time. Since each one of us, during our lives are faced with numerous risks – failing health, financial losses, accidents and even fatalities, our instinct drives us to cover ourselves against those risks. Though an insurance cover can’t protect you against the emotional losses arising out of these risks, it softens the economic crisis that usually accompanies these losses.

Simply put, life brings with it many surprises, both pleasant and unpleasant. By taking a Life Insurance Plan one can ensure that he / she is better prepared to face uncertainties in number of ways.

Life Insurance

Important Points to Keep in Mind

  • Keep the highest possible term
  • Keep the maturity age as long as possible
  • Talk to 4-5 insurers or visit their websites to get premium rates
  • Choose the plan that has the lowest premium at your parameters
  • Undergo medical tests, if required
  • Keep the nominees informed
  • Pay premiums every year
Your Health, Our Priority

Health Insurance

With medical costs spiraling out of control and the increase in shift to lifestyle diseases, healthcare today is at its all-time high in terms of treatment costs. In the event of an unforeseen illness, you may have no option other than to utilize your hard earned savings, built over your lifetime. Finally, what’s more important than your health and what better way to protect it than with the right Health Insurance Plan.

A Health Insurance plan ensures complete peace of mind and makes sure that you use your hard-earned savings for the real reasons – Be it your child’s higher education or his dream wedding, a well deserved family vacation or just about anything you dreamt of all your life.

For those who have a family, we recommend a family floater instead of a standalone policy since the probability of all family members needing hospitalisation at one go is remote.

Even if your employer offers group medical insurance, get your own cover. A change of job or retirement could leave you without health insurance. Getting a fresh cover after 45 is anyways difficult.

Drive Safe. Stay Covered.

Car Insurance

A motor insurance policy is a mandatory policy issued by an insurance company as part of prevention of public liability to protect the general public from any accident that might take place on the road. The law mandates that every owner of a motor vehicle must have one motor insurance policy.

Broadly, there are two types of motor insurance – the ‘Act only’ policy and a comprehensive policy. The scope of the ‘Act only’ policy is to pay compensation for death or any bodily injuries and for damage to property of third parties. While the insured is treated as the first party and the insurance company as the second party, all others would be third parties.

In case the vehicle is purchased under a hire-purchase agreement, the financiers insist upon a comprehensive policy to take care of their interest as collateral security. The perils covered under the comprehensive policy are fire or theft or both fire and theft in combination with the minimum requirements of the act (i.e. third party liability).

Comprehensively, these include damage to the vehicle by accidental external means: fire, lightning, explosion, self-ignition, burglary, house-breaking, riot and strike, malicious acts and terrorist acts, earthquake, flood, inundation, cyclone, landslide/rockslide, etc. while in transit by rail, road, air, inland waterways, lift or elevator.

Discounts can be availed if the insured chooses to exclude the following covers: earthquake cover, flood, cyclone and inundation cover, riot, strikes, etc. Discounts can also be availed for every claim-free year.

Features

  • Protection from a financial loss arising out of loss or damage to your vehicle.
  • Protection from liability towards third parties for personal injury.
  • Protection death and property damage on account of any accident involving your vehicle.
  • Cash Less and Hassle free Claim procedure.