Little is known about a wine taster who insured his nose for $8 million. The man’s name is Ilya Gort, and his nose is so vital to his job at his French vineyard that Lloyd’s of London wrote an insurance policy protecting him should he lose either his nose or his [...]
Is there any way you can cover your whole family under a single policy? Yes, opt for floater health insurance cover. It is a health insurance cover that provides cover to your entire family in case of any eventuality when the policy is [...]
Third party Car insurance policy covers only the inter-alia accountability of the vehicle owner for loss or damage to life or property of the third parties. Whereas comprehensive Car insurance policy covers in addition to third party accountability, loss or damage to the vehicle itself by way of accident, theft, etc. and specified dangers
Having a continuous health insurance policy provides the policy holder with benefits which cannot be transferred to a new policy because portability is nonexistent at this point. So if you opt for a new policy i.e. policy from another insurance company, the likely impact will be as [...]
The most neglected is health insurance. Most often this tax saving instrument is brushed aside with the logic that after all it’s an expense (no monetary gains) and well we all save for the “rainy day”. So why incur an additional expense? The moot point - Is it truly an additional expense?
So how do you negotiate a claim to get it fully or at least the maximum amount? What do the insurance companies usually do during a negotiation process? What are your rights and when and how do you exercise them? The following is a comprehensive guide to give you an insight into the various possibilities [...]
Loan protection insurance, or loan payment protection insurance, is a form of payment protection insurance. This type of insurance can help you protect your monthly loan payments if you become unemployed or suffer an accident or sickness. Loan protection insurance will typically be used to protect a home loan, car loan or even sometimes personal [...]
What benefit would Ajay get out of reviving an old policy? For one, he would get the benefit of having to pay regular premiums calculated when he was 28 - which would be less than the premium for a similar, new policy taken at the age of 32. Secondly, he will continue to get all [...]
One of the most popular and important riders added to an insurance policy is the ‘Waiver of Premium’ rider. If this rider is a part of one’s insurance policy, it ensures that the premiums to be paid by the insured are waived in the event that the insured becomes ‘completely disabled’ or loses his source [...]
Some insurers offer certain add-ons like Personal Accident cover along with your policy. If you want to get the car repaired but don’t have money to pay for it, cashless claim settlement can definitely help you. Opting for third party legal liability will help you safeguard yourself against the legal liability in case of accident. [...]
Choosing the right kind of insurance cover not only determines the care that we receive should our health take a wrong turn, but it can be the wild card in your financial plan. There are many benefits of an insurance cover; however, topping the list of benefits is the financial support that a family gets [...]
The sum assured for ULIP products have been enhanced to 10x of the premium amount from the current 5x for individuals below 45 years and for those above 45 years, it has been increased to 7x. This will ensure that individuals get a fair amount of insurance coverage, the basic objective for which this product [...]
When you pay the premium for this plan, part of the premium amount goes towards paying for the life cover. Remaining part of the premium is invested in various instruments either debt or equities. However this portion is quite small, as the insurance companies tend to deduct premium allocation charges upfront. These charges are meant [...]
Like how the number of people in India who participate in extreme sports is low, the numbers of companies ready to provide insurance covers for such people are minuscule. Here are some things that may help you understand and get an insurance cover for such activities.
With the changing features of insurance, it is possible now to get your vehicle repaired and claim for the insurance. The first is to go through the insurance company’s preferred garage and get the repairs done. The insurance company pays for the repairs minus the items not covered under the policy, which is paid by [...]
Money back endowment plans for instance, tell you roughly how much you can expect and at what age (of the child) the money will be due. With money back policies, your child would receive fixed portions of the sum assured at regular intervals. On maturity, your child receives the balance sum assured, if any, plus [...]
It is widely reported that classic car insurance is far cheaper than a modern car policy but it is important to be vigilant and well informed. Also, it is important to understand that the condition and scarcity of classic car insurance can vary dramatically, and an owner’s perception as to the value of his beloved [...]
All life insurance companies in India have term plans in their bouquet of offerings. The rates are also quite competitive. So it really does not matter which company you take the cover from (IRDA has done a pretty good job at regulating the insurance companies - all of them are safe). Based on your comfort [...]
Over a period of time, marriages have evolved from a simple ritual uniting two souls to a complex affair where lakhs and crores of rupees are spent on lavish ceremonies. Besides costs of all the services involved in providing marriage facilities, have gone up. So if anything goes wrong, the parties [...]
With the increasing competition between insurance companies, the procedure for making claims has become very easy. Generally, you need to call up a toll free number of the insurance service provider and register your claim. You will be advised on the documents that would be needed to be submitted to process [...]
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