Author: Pravar Jain
According to a recent Life Insurance Council study, 91 percent of people polled are aware of what an insurance policy is, yet just 60 percent possess one. S.N. Bhattacharya Life insurance plans have been a feature of Indian homes for decades, with families choosing for them to protect their family’ future for generations. However, according to a Life Insurance Council poll, although 91 percent of individuals are aware of the necessity for a life insurance policy, just 60 percent actually possess one. High premiums, high tax rates, and reduced adoption of technology, among other variables, are to blame for such…
Apart from the loss of life, the pandemic had considerable influence on the tourism sector. With the outbreak of the pandemic, many restrictions were enforced, including an emergency lockdown. We’ve all noticed that travel has come to a standstill. The relocation was only permitted in the event of an emergency, and only with correct process in place. It’s hardly an exaggeration to suggest that leisure and travel have nearly taken a second place. However, travelling has gradually begun and is improving. What has changed is adhering to travel-related procedures such as an RTPCR report in accordance with the destination’s travel…
Experts propose a few essential car insurance add-on covers to improve the total financial protection for your vehicle and guarantee you have a stress-free ownership experience. Car Insurance Add-on Covers Car insurance is regarded as an efficient instrument for financially protecting your vehicle from dangers such as road accidents, vehicle theft, and third-party liabilities that may arise while driving. While possessing a legal third-party (TP) car insurance is required for all cars on Indian roads, experts say few owners are aware that conventional comprehensive car insurance only includes an own damage (OD) policy. “Other losses like engine damage due to…
Here are some of the reasons why Comparison of Term Insurance Plan is important in order to acquire the greatest coverage. Term insurance offers your loved ones with the financial protection they need to deal with life’s uncertainties. To get the best term insurance for you, do a term insurance comparison. It is essential to invest in the correct insurance coverage to prevent future financial difficulties for your family. When comparing term insurance policies, you will discover a plethora of possibilities, which may be perplexing. As a result, rigorous term plan comparison is required in order to choose the best plan…
It’s preferable to have insurance while you’re young, yet most of our parents don’t have insurance or have extremely limited coverage. A best insurance coverage for senior citizen option, although it is costly to get beyond the age of 60. Here are a few more alternatives. Every now and again, I receive a call from a friend wondering how they can guarantee their parents have complete insurance coverage. In certain circumstances, there may be some existing coverage, although it is limited. In other circumstances, there would be no coverage as well as a list of pre-existing conditions. Diabetes and cardiovascular…
The new Union Budget 2022 could provide tax exemptions for Home Insurance purchases as well Insurers think it is now more important than ever to offer the much-needed boost to the insurance business in order to continue protecting both the economy and society from unanticipated hazards. The dynamic health environment has accelerated the demand for health insurance in India. In today’s world, insurance has become a need in order to be effectively covered against unforeseen events. As a result, insurers think it is even more critical to offer the much-needed boost to the insurance business in the shape of the…
We are already in the third year of the new coronavirus epidemic. And we experienced the worst of what Covid-19 may do during the second wave last year, in 2021. Thousands of people were killed, and many more were financially harmed. Many people had to rely on life insurance to assist them get through these extraordinary circumstances. According to the Insurance Regulatory and Development Authority of India’s (IRDAI) annual report for 2020-21, life insurers paid 10.84 lakh claims out of a total of 11.01 lakh claims in 2020-21, for a total benefit value of Rs. 26,422 crore in the individual…
Purchasing Bike Insurance: you’re sitting on top of the seat, straddling your bike close to your body, it’s a tremendously liberating sensation. No surprise, bikes are a popular mode of transportation for a large section of our population, and properly so. But keep in mind that riding a two-wheeler may be as much fun as it is hazardous. Even if you make a mistake on your bike, don’t screw up the two-wheeler insurance that should cover you, the accompanying rider, and your bike. Bikes are exciting; bikes are in their infancy. They not only transport you from one end of…
Before Purchasing Term Insurance It Is Important To Know Which Plan Suits You. Term insurance policies are classified into six kinds. Why Should You Purchase Term Insurance Right Away? · When you’re in good health, getting an insurance is simple. · Because you are in good health, your premium amount will largely stay the same during the term of your coverage. · If you develop lifestyle conditions such as heart disease, diabetes, high blood pressure, or lung disease, you may be denied coverage. · If you are approved for the coverage, your premiums may rise by 50-100 percent if you…
There’s no doubting that knowing you and your loved ones are financially secure against a variety of unanticipated circumstances can provide you with more peace of mind. Uncertainties in life, such as an untimely death or a medical emergency, might occur at any time. Accidents or damage to your car, property, and so on are examples of these scenarios. Having to deal with the financial consequences of these events may be draining. You could have to take money from your savings or your family’s hard-earned money. As a result, you and your family require immediate insurance coverage and financial assistance…