Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured. Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party. Insurance helps provide a secure financial option to you in case something goes wrong or an unfortunate event takes place that puts a massive financial burden on you that you cannot bear by yourself. Your insurer will then cover the costs for you for which you have been paying him premiums up to the date of the event. Insurance is important as it helps you shed your worries and stress as any untoward incidence is already covered by your insurer and anything that can happen will not hamper your lifestyle or severely impact your financial situation.
Rahul owned a fleet of buses that carried passengers from one stop to another. It was his way to earn bread and butter. But on a sad day, one of his buses met with an accident. There were some passengers injured, and a few died along with the driver. The bus also got damaged. Rahul […]
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If there is one thing that the Coronavirus has taught us this year, it is – Life is uncertain. Should something happen to the breadwinner of the family suddenly, then the financially dependent members may suffer a massive monetary crisis in their absence. This is when term life insurance comes into the picture and helps […]
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Ever since 2003, plenty of insurance brokers have entered the insurance industry in India and pushed it to great heights. The insurance business sector has always been highly profitable and risk free. Here are some statistics proving the same: The gross insurance premiums collected in the FY 2019 summed at a whopping INR 962.05 billion, […]
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It goes without saying that the current generation is addicted to their phones. Everybody wants to use and flash the best smartphone models. The craze of smartphones has reached a level where people might not be able to deal with the loss of their phones. High-tech models with the best of facilities and features come […]
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With several two-wheeler insurance companies operating in the market, choosing the best bike insurance policy that meets your requirement becomes a herculean task. And, many just to avoid confusion prefer to continue with the previous insurer or depend on the wisdom of other people. With easily available information on the insurer’s website and comparison websites, […]
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Pregnancy is a special part of every mother’s life. Imagine having to stress over finances during this period! This is the time where you need to be taken care of in the best way possible. And to ensure the same, health insurance companies in India provide you with the best maternity insurance plans. Some individual […]
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In the current times, healthcare is one of the most necessary yet highly expensive requirements. Health insurance for senior citizens is all the more important since they are much likely to fall sick. Moreover, it might not be possible for everybody to comfortably pay their medical expenses. Hence, the best insurance companies in India have […]
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A lot of individuals are first-time buyers of health insurance policy and don’t understand the concept of waiting periods properly. If you don’t quite know what the waiting period in a health insurance policy means, then you have landed at the right place. You might have plenty of questions about the same such as what […]
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Two-Wheeler vehicles make our daily commute easier and more convenient. However, we must not forget that the busy Indian streets could be highly dangerous. If your vehicle suffers from some damage in an accident, then expenses of repair it might cut a hole in your pocket. So, purchasing a two wheeler insurance policy becomes all […]
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Two Wheeler insurance is a type of vehicle insurance that covers any accidental damage caused to your vehicle. The damage could be caused due to accidents, theft, burglary, natural disasters, or man-made calamities, and so on. Buying bike insurance is a must because it will cover for any third-party liability arising due to the accident. […]
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