Buy a hassle free and cost-effective health insurance that protects your entire family. Health insurance is a must buy because health care costs are rapidly rising as is incidence of hospitalization. Buying this insurance early and selecting thoughtfully ensures that waiting periods get done fast and the insurance can remain with you lifelong.
Get pure risk life insurance that pays a large benefit in the unfortunate event of the policyholder's untimely demise. Term plan is the most cost-effective way to buy life insurance. It can also be bought as a keyman insurance to cover your company’s key executives. In this case the premiums are paid by the company and the death benefit also goes to it.
Buy mandatory third party cover as well as carefully selected add-ons. A well designed motor insurance will cover for the most likely accidents. For example, tyre bursts in expensive cars or engine seizures. Similarly, it is possible to get zero depreciation covers that pay replacement cost of damaged parts.Carefully selected add-ons
Cost effective travel insurances that are accepted by visa authorities. Travel insurance that is customized for the countries that you visit and the duration of your travel. If selected carefully some insurances also cover emergency treatment due to pre-existing diseases upto certain limits.
Protect your home from damage and burglary. Home insurance pays repair costs if your house is damaged by fire, earthquake, storms, flooding and riots. Burglary and theft can also be covered. The costs paid by the insurer depend upon the kind of insurance you buy and the deductible. Choose carefully.
Individual Insurance or Personal Insurance policy provides much needed financial security to individuals to face medical emergencies in life. It also provides policies that cover for loss and/or damage to your home, vehicle, and offers hassle free travel Insurance.This is why Individual insurance is increasingly becoming part of the financial planning of many families. By paying affordable premiums periodically, one can without worrying about heavy hospital bills, vehicle damage or losses, home repair/reconstruction and losses one face while traveling.
Personal insurance therefore is no longer seen as just a simple instrument for Individual’s risk management, but as an instrument of overall financial and economic planning. Section 80D allows the policyholder to save tax by claiming medical insurance incurred on self, spouse, dependent children & parents as a deduction from income before paying the taxes. Therefore, a well-thought of insurance plan covers you and your family holistically providing direct benefits like;
Individual health insurance plan offers medical coverage to a person on an individual sum insured basis. Most individual health insurance policies provide comprehensive coverage to an individual for emergency medical expenses resulting from hospitalization, day care procedures, road ambulance services, alternative treatment, maternity cover, organ donor expenses, etc. You can add coverage such as critical illness cover, top-up option etc. to widen the coverage net.
Motor insurance offers you a financial cushion in case your vehicle is damaged due to accident, earthquake, lightning, floods, etc. The Motor Insurance segment which had witnessed a decline in FY21 seems to be returning to the growth path in FY22.
Any damage to your house has an immense emotional and financial repercussions. Rebuilding a house and/or reinstalling its contents is painful, difficult and tedious. Home insurance offers coverage for damage to your property. Home Insurance protects the structure of your house or building, your personal and valuable possessions within the house and takes care of your personal liability too.
Traveling has changed post-pandemic and travel insurance is being looked at seriously now. As per the latest study, International travel insurance has seen a growth of about 22% over the pre-pandemic levels. Domestic travelers are catching up fast to enjoy its benefits as well. A traditional Travel insurance feature allows travelers to get reimbursed for a canceled trip, flight delays, medical care, and potential losses like lost or damaged luggage or Passport etc. Besides travel insurance now covers health emergencies due to corona virus.
Individual Insurance, also called Personal insurance, usually covers non-life assets - such as your health, vehicle, home, and travel, from untowards incidents.
A traditional health insurance generally covers treatment expenses incurred at hospital, provided the treatment is on in-patient basis and lasts for a day at least. The expenses covered include hospital bed/room, nursing, surgeon's fees, consultant doctor's fees, blood transfusions, oxygen and operation theater charges. Here it is important to note that some plans come with sub-limits for each of these heads. Generally they do not cover pre-existing diseases or its related-complications for the first 3 to 4 years of the policy. Besides, there are specific medical conditions that may not be covered for a certain initial period
In case of Home Insurance it provides coverage against fire, earthquake, flooding, theft, accidents and other man-made disasters. With add-ons you can bolster the homeowner policy as a safeguard against
When traveling within the country or internationally you are exposed to many risks. With a well devised travel insurance policy cover yourself from cost incurred due to: Baggage Loss, Passport Loss, Flight Delay and Hospitalization. Some health plans charge no extra cost for pre-existing diseases.
Many people who are covered by individual insurance policies buy coverage through traditional insurers. Coverage is also available for an individual through managed health-care systems. Before an individual insurance policy is issued, the insurer would like to know everything about your personal health history. It is always wise to try not to hide a pre-existing medical condition from your insurer
There are some medical conditions and treatments that are not covered under the Individual health insurance plan. Policy holders have to bear these expenses from their own pockets.
There are two methods of payment of claims made by policyholders:
Some key benefits of buying an Insurance Policy online:
Individual insurance, also know as Personal insurance, is bought by those individuals want themselves enrolled for various Insurance plans covering individual’s health, motor, home & travel related expenses. This may be for several reasons: for instance, if one is self-employed; if they work for a small business that does not provide a health plan, or if they have a family and want personal insurance.
As per Motor Vehicles Act, it is mandatory for all vehicle-owner / operators using any public space to have a motor vehicle insurance cover. Even when opting for the basic insurance plans. There are many reasons why Motor vehicle insurance is mandatory in India. It becomes all the more important considering the high number of road- accidents, and resulting damages and deaths. policyholders must have at least 'third party liability' motor insurance cover.
We have specialized underwriters who can give specific recommendations to you.
We work with all insurers to get you the best options- both in terms of price and features.
Proposal forms and medical tests are quickly turned around. We follow up with insurers to make sure the insurance is issued fast.
We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.
We support you if you need to get medical tests done or would like access to our wellness programmes.
See all your insurances and renewal information in one place. Place service requests on PAM.