Investing in a house is a significant endeavor, and it’s essential to protect it. Home insurance can help in case of natural disasters like floods. It can also cover rent loss if a tenant vacates the property. This insurance is available for one day to five years and for property owners and renters. Additionally, home … Read more
When purchasing a new vehicle from a showroom, it’s mandatory to obtain insurance as per IRDAI norms, which apply to all. Generally, long-term insurance is available for up to five years. However, many owners fail to renew their policies once the initial insurance period ends. Only 19% of two-wheeler owners in India renew their insurance … Read more
If you have a general insurance policy, new laws have been introduced to protect and uphold the rights of policyholders. These laws aim to protect those with insurance policies more, ensuring they can make claims and handle other policy matters carefully. General insurance policies, such as those for vehicles, medical expenses, homes, and travel, fall … Read more
Recently, especially after the COVID-19 pandemic, people have realized the growing importance of having insurance. Many individuals are now purchasing policies that suit their needs to secure their future. Earlier, insurance policies were given in physical form, but things have changed. The Insurance Regulatory and Development Authority of India (IRDAI) has instructed all insurance companies … Read more
Rising medical treatment costs are placing a financial burden on individuals. To cover these expenses, many people are turning to health insurance policies. By obtaining an essential policy and adding a top-up plan, individuals can enjoy numerous benefits and reduce the burden of premiums. Before acquiring a health insurance top-up, several factors must be considered. … Read more
Understanding No-Claim Bonus Benefits in Health Insurance: Today, many people are interested in purchasing health insurance due to changing lifestyles, food habits, weather changes, increased pollution, and other factors that have increased the importance of health insurance. It is safe to say that almost every family has health insurance. But do you know about the … Read more
The LIC Jeevan Utsav Plan offers coverage for up to 100 years by paying a premium for a limited period. After spending the premium for a fixed period and then after a lock-in period, the policyholder starts repaying the premium. Ten percent of the policy amount is paid annually for life. The Life Insurance Corporation … Read more
The number of pet lovers is increasing significantly. Even if they get a minor illness, they must spend thousands of dollars in the hospital. Many people think that it would be better if pets had insurance like humans. Understanding their needs, insurance companies also provide insurance facilities for pets. A survey revealed pet owners spend … Read more
The government has announced a significant employee benefit, providing insurance coverage from Rs. 10 lakh to Rs. 1 crore without any premium cost. The Assam Chief Minister, Himanta Biswa Sharma, revealed a comprehensive insurance policy for state government employees. The scheme offers life and accidental insurance coverage without any premium cost, aiming to enhance the … Read more
Compensation within 15 days: IRDAI has updated life insurance norms. If the life insurance policyholder dies without investigation, the insurance company must pay the compensation within 15 days of receiving the claim application. The Insurance Regulatory and Development Authority of India (IRDAI) has specified that an investigation should be completed within 45 days if required. … Read more