How can you minimize Motor Fleet Insurance Premium?

Fleet operating cost can be huge expense for any organisation. Adding insurance cover may help reduce the maintenance and accidental wear and tear cost of the fleet. Here are some methods which can reduce the premium you will have to pay for such insurance: Claims Records: Know your claims history clearly. Ask your insurer for […]

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How to file a claim under Building Insurance?

Following steps should be taken to file a claim under building insurance: Step 1: Inform the Company: Notify your insurance company. You must not try to undo the damage yourself if you have an insurance which covers the damage that you have suffered. Next, one must prevent further damage. If you move, your property you […]

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Who can Purchase Motor Fleet Insurance?

WHO CAN PURCHASE MOTOR FLEET INSURANCE? If any business expands, organizations tend to buy more vehicles and every vehicle is generally separately insured. Motor fleet insurance is an amazing way to insure multiple vehicles. It is managerially simple and cost effective. Any of the following can purchase a motor-fleet insurance: An individual owning more than […]

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What is covered under Motor Fleet Insurance?

Motor Fleet Insurance Policy will cover the following: Fleet insurance provides the benefit of covering all vehicles under one policy. Loss or damage to vehicles by fire, accidents, burglary, natural calamities, and other unexpected causes Third party injury or death & damage caused to property Provides coverage for the insurer/driver: Multiple fleet insurance policies also […]

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What is the meaning of Life Insurance ?

Life Insurance covers an individual and is taken by the individual themselves. The primary goal of this cover is to provide a measure of financial security to the policy holder’s family in case of the holder’s demise. Besides this, there may be several other riders and clauses added on the policy depending on the holder’s […]

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What is the meaning of Insurance?

The concept of insurance originates from the principle of sharing the risks by a large group to reduce the burden on the few. Insurance also refers to ‘Risk Transfer’ in the language of risk management techniques. Insurance is a legal contract involving two parties, where one party proposes to the other for indemnification against financial […]

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What is covered in a Term Insurance Policy?

A term insurance policy is the simplest and inexpensive form of life insurance available to individual life. Under this policy, the insurer promises to pay a large sum assured amount to the nominee of the insured individual, in case the insured dies within the policy term. There are many benefits of the term cover for […]

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How to select the best Life Insurance Policy?

Looking to buy life insurance cover, there are few critical variables which might help you narrow down on the best choice. Here is a list of factors you should look for while searching for a life insurance policy. Claim Settlement Ratio It is the percentage of claims granted out of the total filed in the […]

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What is the meaning of Health Insurance?

Health insurance gives you coverage against hefty medical expenses that may arise due to sickness and accidental injury. In most of the cases, health insurance is offered to people in the age group of 5 to 80 years. In some cases, children under five years are covered if their parents are also covered. Health insurance […]

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