Insurance is a type of financial product that helps protect you from risks. It is a contract between you and the insurance company, where the company agrees to provide you with coverage in case of certain events. The online insurance company will pay out a sum of money if you experience the event covered by your policy.
There are many different types of insurance, but some of the most common include:
– Life insurance
– Building insurance
– Home insurance
A health insurance is a type of insurance that covers the medical and surgical expenses of the insured. It reimburses the expenses incurred by the insured for treatment of illness or injury. A health insurance policy is a contract between an insurer and an individual or group, in which the insurer agrees to provide specified health insurance coverage at a predetermined rate.
All online insurances comes with their own criteria’s, you should check these below criteria before opting for a best health insurance.
IVF is not a medical necessary treatment hence there are no companies which cover these expenses . Currently, IVF expenses has to be covered by own .
A life insurance policy is a contract between an insurer and an individual, in which the insurer agrees to pay a specified sum of money to the individual’s beneficiaries upon the individual’s death. The policy specifies the conditions under which the death benefit will be paid.
An auto insurance policy is a contract between an insurer and an individual or group, in which the insurer agrees to pay specified benefits to the policyholder in the event of an accident. The policy specifies the conditions under which the benefits will be paid.
Best online car insurance must comply all the below criteria
Best online bike insurance must comply all the below criteria
To protect you from financial liabilities against accidents It ensures financial security for victims of accidents, promotes responsible driving behavior, and even offers all-round coverage for vehicles during an accident. Basically its like your emergency fund during an accident or theft.
The premium of your car insurance is calculated using the IDV ( Insured declared value ), vehicle type ,vehicle cubic capacity of the engine and location. The premium also depends on your Third party coverage, own damage coverage and your addons . All these factors are considered to calculate your car insurance premium.
A building insurance policy is a contract between an insurer and an individual or an organization, in which the insurer agrees to pay specified benefits to the policyholder in the event of damage to the property. The policy specifies the conditions under which the benefits will be paid.
There are many benefits of having insurance, including:
– It can help you financially if you experience an unexpected event
– Provides you peace of mind knowing that you are protected
– A coverage for your family in case of your death
– Helps you to afford medical care if you become sick or injured
There are a few things to consider when choosing insurance, including:
– What type of coverage do you need?
– How much can you afford to pay?
– What is the deductible?
– What is the policy limit?
– Is the company reputable and financially stable?
There are a few ways to get insurance, including:
– Buying it from an insurance company
– Getting it through your employer
– Purchasing it through a government program or purchase online after clear review.
If you need to make a claim on your insurance, you will need to:
– Contact your insurance company or download the mobile app
– Give them all the relevant information and upload the documents
– Have a final review and get your claims settled online
All this happens without visiting the insurance office .
Insurance is important to beneficiaries who are looking to protect their loved ones and assets during accidents/ emergencies and to minimize their financial risk and losses. Insurance plans will help you to cover your medical emergencies and assets damages and accidents . It is an investment to minimize your financial loss during uneventful situations.
Insurance premium is calculated by number of factors like age , location , occupation, insurance history , risk involved , coverage amount , pre medical history. These are some of the factors considered during your premium calculation.
Some of the most common insurance scams include:
– “Phantom” or “ghost” policies: This is when someone buys insurance from a company that doesn’t exist.
– “Pigeon drop” scams: This is when someone pretends to have found a large sum of money and asks you to contribute cash in order to claim the insurance.
Currently there are 17 offices in India covering all major metro cities in the state . Customer who has grievance can either approach this office physically or raise a online complaint with the ombudsman.