Author: Pravar Jain

In contrast to a high-risk, high-reward strategy, guaranteed return plans provide you with future assurance. In an unpredictable world, safeguarding your and your loved ones’ financial futures is critical, particularly if you want to sail through the tumultuous phases of your life without any setbacks. The COVID-19 pandemic brought this feature to light when a little but lethal virus shocked the financial world, uprooting millions of lives and gravely jeopardising many people’s financial future. In the midst of all this uncertainty, most of us desire certainty – future assurance. A new parent, for example, would want to guarantee that whatever…

The procedure of claiming maturity is straightforward. When a policy nears its maturity date, the insurer notifies the policyholder to submit all required paperwork. Let us investigate the life insurance claim procedure. There are two sorts of advantages from a life insurance policy. You have the option of claiming a death benefit or a maturity benefit. A death benefit is paid out if the policyholder dies within the policy’s term. However, if the policyholder survives the policy term, the life insurance policy only provides a maturity benefit provided the policy is still in existence and all premiums have been paid…

The death of former Tata group chairman Cyrus Mistry in a traffic accident has sparked a discussion over the legitimacy of insurance claims in accident cases, but industry leaders argue that the objective of purchasing insurance is to hedge against risk, whether caused by human error or otherwise. Human mistake or rule violations are unlikely to invalidate an insurance policy, and accidental death claims will continue to be honoured, however payout amounts may be reduced in unusual situations. They claim that insurance paperwork do not specifically specify actions, such as not wearing a seat belt, that might affect compensation payments…

What is the definition of Electric Vehicle (EV) Insurance? EV insurance is often complicated and sophisticated. Understanding the many methods to file a claim, or simply what it means to have an EV insurance coverage, may be difficult. The purpose of this article is to explain EV insurance in layman’s terms: Electronic Vehicle Insurance (EV insurance) is a new form of motorised vehicle insurance that applies to automobiles and other electric vehicles. It pays for bills and expenditures incurred during car breakdowns and protects the vehicle against damage, theft, and other risks. The increasing availability of electric cars (EVs) has…

A personal accident insurance policy protects the insured financially against unforeseen events such as accidental death, physical injury, job loss, and temporary or permanent disability resulting from partial and/or total incapacity. An accident is usually unexpected and tragic. They may cause small injuries that cause a brief disruption in your usual lifestyle, while more severe ones may cause a breakdown in work and provoke a financial crisis. Most of us have a life insurance policy in place, but it does not pay out if an accident causes temporary or permanent impairment that does not end in death. A personal accident…

Your bike is one of your most valuable and valued assets. Yes, a comprehensive bike insurance policy or standalone bike insurance will cover fire damage. If the bike is damaged by fire and has to be repaired or components replaced, the cost of the repairs will be covered by bike insurance. The notion of your bike being stolen or destroyed by fire may be quite upsetting. Having a bike insurance policy might provide some relief since your insurance provider may give you compensation in the event of fire damage, but this will depend on the sort of insurance you have.…

Since the COVID-19 pandemic, the minimum recommended health insurance has increased from Rs 5 lakh to Rs 10 lakh. The perfect coverage, on the other hand, is determined by a number of criteria, beginning with where you reside. Continue reading to find out what they are. The COVID-19 pandemic’s unparalleled health and economic catastrophe has challenged many assumptions about health insurance do you need. Many people now understand the dangers of depending only on employer-provided group health insurance coverage. Similarly, the deficiency of Rs 5 lakh is covered. Independent health insurance coverage in place, regardless of your age. Not just…

Purchasing a MWP term plan is critical since the profits of the policy will only go to the beneficiaries and no one else. Purchasing a term insurance plan for wife and children under the Married Women’s Property Act (MWPA), 1874 is crucial for a person since the claim amount will go straight to the beneficiaries and no creditor will be able to lay claim to the profits upon his death. “Purchasing a term plan under MWP is vital since the insurance profits will solely go to the beneficiaries and no one else.” This ensures that, in the event of an…

Even though life is uncertain, individuals plan for the future, set goals, and save money to achieve those objectives. Similarly, being prepared for any unanticipated situation is critical. Insurance is a kind of protection against any probable occurrence. It is a valid legal contract between an insurer and the insured in which the insurer agrees to pay for any losses or obligations incurred by the insured as a result of an unforeseeable occurrence in return for the premiums paid by the insurer. Importance of Insurance Without insurance, any unforeseen financial loss may deplete all of your funds, however insurance will…

Medical inflation is on the increase right now. According to sources, the inflation rate was approximately 8.4% in May 2021. Because the expense of medical procedures is increasing by the day, having cover your entire family under health insurance plan is a must in today’s world. However, rather of purchasing separate health insurance policies for each family member, family floater plans are preferable. Continue reading to learn more about these regulations and how they may benefit you. Understanding a family health insurance floater plan A family floater plan is essentially a health insurance policy that covers the whole family. Individuals…