What does personal accident Insurance cover?

Personal accident insurance provides financial support at the time of an unfortunate mishap. It is important to understand the coverage provided under this policy while buying the policy. Following are the standard coverage in a personal accident insurance: 1. Accidental Death: Death because of a car crash, slip or any other unfortunate accident is covered […]

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What is Covered under AYUSH benefit in the Individual Health insurance plan?

Considering the popularity of alternative treatments in India, various health insurance companies have started offering AYUSH benefit to their policyholders. In its health regulation, 2013, the Insurance Regulatory and Development Authority of India (IRDAI) asked individual health insurance companies to include AYUSH, which stands for Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homeopathy, under their […]

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How does subrogation apply to critical Illness insurance?

Subrogation gives the insurance company a legal right against a third party. It gives the insurer the right to sue the third party that caused the loss to the insured person. The third party, in this case, is liable for the loss or injury or accident to the insured person. Since the insured person takes […]

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What is loading in critical Illness Insurance and When is it Applicable?

Loading is the amount charged by critical illness insurance companies at the time of policy renewal if you have claimed in the previous policy tenure. There are various ways in which loading is computed by insurance companies offering critical illness insurance policies, and some of them are – Loading with respect to claim – It […]

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What valuables can be covered under Burglary Insurance for Home?

If you have a burglary insurance, you can get financial protection against loss or damage caused to your valuables. In a burglary insurance for home, valuables include= Gold, silver or any other precious article or metal which are made from precious metals Jewellery, watches or precious metals, stones or stamps, collection of stamps, rare books, […]

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How does portability work in case of Senior Citizen Health Insurance?

In case you are not satisfied with the services and coverage of your senior citizen health insurance, you can think of porting the policy. The portability also results into waiving off waiting period for pre-existing ailments with the new insurer if you have served the same number of years in the current insurance policy. Also, […]

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