Standard health products for vector-borne diseases can work as a supplementary cover

Standard health products for vector-borne diseases can work as a supplementary cover Published in Livemint. The Insurance Regulatory and Development Authority of India (Irdai) last week launched draft guidelines on standard health insurance products for vector-borne diseases such as dengue, malaria, kala-azar, chikungunya and zika virus. The general and health insurers can offer one or a combination of diseases […]

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Tips to minimise your motor fleet insurance premium

The cost of operating a fleet can be considerable. A motor fleet insurance policy helps reduce the cost of maintenance and accidental wear and tear. And to make even more gains, you can apply the tips discussed here to ensure an affordable premium on your motor fleet insurance. Minimizing premium when buying motor fleet insurance […]

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How to file a claim under Building Insurance?

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 […]

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Who can purchase motor fleet insurance?

As a business expands, its transportation needs might increase proportionately. Thus, organisations tend to buy more vehicles. Usually, they insure every vehicle separately. Motor fleet insurance is a great way to insure multiple vehicles in one plan. It is easy to manage in addition to being cost-effective. However, it is not only organisations that can […]

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What is the meaning of Life Insurance?

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 […]

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What is the meaning of Insurance?

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 […]

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What is covered in a Term Insurance Policy?

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 […]

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How to select the best Life Insurance Policy?

How to select the best Life Insurance Policy? Looking to buy life insurance cover, there are few critical variables that 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 […]

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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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