Any insurance other than life insurance is called general insurance. There are certain principles that guide any insurance contract, the principle of indemnity being one of them. This principle dictates that the insured should not profit from the insurance claim, meaning the insurance contract is expected to compensate for the loss incurred by the insured, […]
General Insurance
5 Benefits of Buying General Insurance Online
How do you decide which insurer to go for when buying a general insurance policy? How do you decide which plan suits your needs best? Can you ensure that you have understood everything about the policy and process? Will your claim be quickly processed when you need it most? All these are questions which keep […]
What are the different types of General Insurance Policies?
Conceptually and legally, Insurance is of two types – life and general insurance. Any insurance policy insuring anything other than risk to a person’s life is a ‘general insurance’ or ‘non-life insurance policy.’ General insurance policies will insure anything other than the life of an individual. For example: Depending on what (the asset which is […]
General Insurance: A Need of the Hour for Companies
Most companies are interested in insurance policies which will help protect them from future perils and mishaps. With increasing number of risks to businesses these days, companies more than ever before are in need of a good insurance policy. However when it comes down to choosing the best policy they find the process difficult and […]
What is excess in professional indemnity insurance?
Excess in professional indemnity insurance is defined as a small percentage of total sum insured which is payable by the insured at the time of claim. Insured has to borne the part of every claim which is a fixed amount prior to payment by the insurance company. This fixed portion of the claim which is […]
Here’s how you can become the most favoured employer in your Industry?
As an employer, your main objective would be to satisfy and motivate your employees so that they take your organisation to new heights! While you must be thinking of providing the basic facilities including a group health insurance to boost your employees’ morale, it may not be enough. In today’s world, the majority of employees […]
Buying a life insurance policy? Don’t go just by the claim settlement ratio of the insurer and ignore other parameters
Buying a life insurance policy? Don’t go just by the claim settlement ratio of the insurer and ignore other parameters By Sunil Kumar Singh Contains comments by SecureNow Insurance Broker LIC 97.42%, SBI Life 95.48%, Kotak Mahindra 92.10%, Bajaj Allianz 90.61%, Aegon Religare 66.06%, HDFC Standard 96.17%. Wondering what this means? Well, this is […]
Looking for cheap hotels in Pondicherry?
Looking for cheap hotels in Pondicherry? About Pondicherry A beautiful city in Southern India, Pondicherry is adorned with structures in French architecture. The reason being the fact that it used to be a French colony in the past. Today, many tourists and travelers visit this city to admire the French style boulevards and house. Not […]
Why was My Claim Rejected by the General Insurance Company?
While availing any General insurance policy, the insured would never ever wish that his claim is rejected at any time. It can be really disheartening especially after paying premiums for a couple of years. However, to save yourself from such a shock it’s important to understand the provisions when claims can be rejected. If you […]
Top 5 Questions to Ask Your Insurance Advisor
While buying insurance policies for your business, it is better to have sufficient knowledge about the cover you are availing and the insurer that you are about to choose. It is not enough to do your research online only. It is highly advisable to ask as many questions as possible to your advisor. With increased […]