Author: Pravar Jain

Due to its compactness and performance, two-wheelers have become the most popular mode of transportation. While the vehicle provides a hassle-free riding experience, as a responsible owner, you must ensure that you do not miss out on purchasing or renewing it on time. According to statistics supplied by the Insurance Information Bureau, more than 60% of two-wheelers on Indian roadways are uninsured. Non-renewal of two-wheeler insurance might result not only in a loss of financial protection but also in legal issues. Continue reading to learn  about the disadvantages of not having insurance for your two-wheeler car. Riding a two-wheeler without…

Bike insurance policy is typically good for 1-3 years, depending on the tenure you choose while insuring the vehicle. The bike insurance must be renewed each year to ensure continuing coverage. Read on to learn about the frequent errors that people make when renewing their bike insurance policy, and how to prevent them to guarantee a hassle-free renewal process, particularly if you are renewing it online. The Motor Vehicles Act of 1988 requires all bike owners to ride their two-wheelers with an insurance coverage. Riding a motorcycle without a valid insurance coverage might put you in legal problems and a…

With regular headlines about significant hacks ranging from SolarWinds to Colonial Pipeline, and mounting proof that criminals, nation governments, and other bad actors are quickly expanding their cyber insurance plan, businesses are fearful of being targeted. They know that the potential costs of the cyberthreats they face will only climb in the future, and they are looking for ways to mitigate these costs. This is why cyber insurance has grown in popularity among businesses looking to protect themselves against the financial consequences of a successful hack. Although it is encouraging that businesses are focusing on mitigating cyber risk, it is…

When individuals contemplate buying whole life insurance premiums, the cost is sometimes a major deterrent. However, as more companies join the life insurance sector, most service providers are beginning to price their products competitively. A life insurance plan premium is a payment paid by the policyholder to the insurance provider in exchange for the protection of their life. In other terms, a premium is the amount of money you spend to ensure that your family or loved ones have financial security in your absence. Factors like as the policyholder’s sum assured, lifestyle, and health conditions influence the premium amount. The…

Performing a trapeze act without a safety net on your life’s journey to attain your financial objectives is analogous to not having enough coverage. Unfortunately, many only realize this when it’s too late. Many individuals begin their own financial journey by considering where to invest their money. However, the cornerstone of a secure financial future is protection—protecting one’s future potential to produce an income. As a result, when we meet new clients, one of the first things we strive to do is determine how effectively their future earnings and present wealth are secured. Insurance of different types is the perfect…

The COVID 19 outbreak was a wake-up call for India’s millennials, who are walking a balance of obligations and strict budgets. Rising health-care expenditures and ever-increasing health-risks made them understand how easy a medical emergency may tip them over the brink. Standard health insurance policies is the backup you need to safeguard yourself and your family from any financial setback caused by a medical emergency. Medical situations, despite their similarities, are extremely diverse. As a result, typical health insurance coverage may not be able to assist you in your time of need. For example, if you sorely needed vaccine coverage…

As IRDAI clearance is not required for a lot of plans, health insurance providers are preparing to launch a flood of products. According to experts, the need for customized wider insurance coverage products and a continuum of care has recently surged. Soon, India will witness a plethora of creative and tailor-made health insurance coverage. They might include anything from home care to elder care to personalized plans and insurance for a variety of chronic noncommunicable illnesses (NCDs) such as diabetes and hypertension. According to industry experts, people with chronic ailments such as high blood pressure, diabetes, and renal disease, which…

Home insurance is essential to take preventative precautions since insurers often refuse payouts under the guise of contributory fault. During the rainy season, the most common worry for homeowners is property damage. These incidents occur every year during floods in many places of India. However, just a tiny number of properties in India are fully insured, leaving the vast majority exposed. “Insuring your home is no longer a luxury. However, statistics show that fewer than 1% of Indian homes are insured, leaving the remaining 99 percent exposed to damage from monsoons, fires, and other natural disasters,” says Pranjal Kamra, CEO…

Life insurers will not require previous IRDAI clearance to introduce specific products, and actuaries and product management committees will be given expanded responsibility. Life insurance firms will now be able to introduce a broad variety of policies without seeking prior clearance from India’s Insurance Regulatory and Development Authority (IRDAI). Following on from the ‘use-and-file’ policy for general insurance products, the insurance regulator has now expanded this framework to include framework to life insurance plans as well. From the standpoint of insurers, this shift will allow for faster product launches. “It’s a positive start in the right way.” It has long…

A term life insurance policy is just as helpful for singles as it is for married people with children. It will pay your responsibilities and provide financial security to your dependents in your absence. Many individuals believe that singles do not need term insurance. They assume that term insurance is exclusively available to married people. People believe that marriage entails a great deal of financial responsibility, and that purchasing term insurance is thus important. Those who do not married frequently consider skipping the extra price of purchasing term insurance. True, marriage comes with a lot of obligations, but there are…