Most people believe they have saved enough to take care of their family. But problems arise when an unforeseen event such as an accident or a disease threatens to erode their savings. This is where insurance plays an important role.
The first insurance you must buy is a life cover. This will make sure that your family does not suffer financially in case you die. It is important to ask yourself: What if something happens to me? Will my family be able to pay off the home loan? What about the education of my children? Do I have enough savings to replace future income? Life insurance takes care of these concerns Read More at http://goo.gl/Tny1mU
Failure to pay the premium of a life insurance policy before the due date results in the policy lapsing. The cover ceases to be available once the policy lapses. It is possible to revive a…
What to watch out for while choosing car insurance? • Claim settlement policy – The true test of an insurance company is at the time of an actual insurance claim. This is possible to check by looking…
Many customers only realise at the time of making a claim that their health insurance policy does not cover certain medical conditions or ailment. Policyholders usually depend on what has been told to them by their insurance…
If the insurer fails to resolve the grievance within the stipulated time, a policyholder can approach the Insurance Regulatory and Development Authority of India (IRDAI) within a year. An insurance policy is bought to secure…
On receiving a renewal notice, do not simply find the ‘click here to renew now’ link. Renewal of health insurance policy is a very important buying decision. Here are three vital points you should keep…
Insurance sector regulator Irdai today reduced motor insurance premium rates in most of the segments like two-wheelers, cars and trucks by modifying the rates for 2017-18 issued three-weeks ago. The modified ‘premium rates for motor…
insurance regulator Irdai has launched a web portal for insurers that will allow them to register and sell policies online. The portal — isnp.irda.gov.in — is also open to intermediaries in the insurance business, Irdai said in a circular. Read…
Drunk drivers will have to pay the entire compensation for causing death or injury in a road crash. According to the Motor Vehicles (Amendment) Bill introduced in the Lok Sabha on Friday, insurance companies will…
Insuring your elderly parents is your way of expressing your love for all that they have done for you. There are two ways to insure your parents, namely, life insurance and health insurance. While life…
Many people in India don’t see the need for life insurance.Here are six scenarios in which you could benefit from life insurance: You’re the main breadwinner: Protecting your family is the main reason to buy…
