Insurance

Vaid, a software engineer, the only breadwinner of his family met with an accident on his way back home from office. He suffered multiple injuries and lost his ability to walk in the accident.

An insurance claim is a challenging process for many as it involves dealing with the grief of the loss of a loved one or a medical emergency, as well as going through the hassle of umpteen paperwork which has to be submitted physically.

Securing a child’s future is the topmost priority of every parent. However, this is not an easy task as most people focus on building a strong financial cushion to safeguard their child while struggling to have enough funds when needed.

Life insurance is a must in today’s world not just for you but your entire family. We can never know what life has in store for us, and if life throws a curveball at us, we need a Plan B to take care of our family, when we are no longer around.

The insurance industry has always experienced a change in some form or the other. While the industry is very dynamic, because of the constant changes in trends and consumer demands, the level of shift brought about by Covid-19 is unimaginable.

As the world continues to battle against the COVID-19 pandemic and the uncertainty that surrounds it, concerns are arising around mitigating the adverse impact of the virus. In light of this situation, India, with its 1.38 billion people, sees a major problem of a vague financial future.

The Supreme Court in India along with the Insurance Regulatory and Development Authority of India (IRDAI) laid out fresh norms related to long-term car insurance. As a result, a few of the general insurance companies came up with long-term car insurance policies.

Buying car insurance for the first time could be a challenging situation for many car owners, considering the vast number of insurance products offered by numerous insurance providers.

Unemployment has been a major problem in India for many decades. It has even snowballed into other socio-economic issues like a spike in crime rates and the rate of suicide. According to recent reports, nearly 31 million people across India are unemployed.

Arogya Sanjeevani is a newly designed health insurance policy which was launched by the IRDAI (Insurance Regulatory and Development Authority of India) on 1st April 2020. It is offered by most general insurance providers in India.

We all know the importance of health insurance and car insurance but when it comes to small business insurance not many opt for it because of the assumption that it won’t be used.

As the name implies, group life insurance schemes (GLIS) are designed to meet the insurance needs of a specific group of people. Group plans are generally taken by employees of a particular organisation.

Insurance is the key element that holds together a good financial planning exercise. As the life insurance market constantly evolves, various insurers offer multiple plans like protection, savings, and even investment plans that help in wealth creation.

A lot of times, people struggle to pay for their hospitalization expenses due to a lack of insurance coverage. Many people often exhaust their savings or sell off their valuable assets to pay for hospitalization expenses. Healthcare treatment costs are growing exponentially by at least 15 per cent year on year. COVID-19 expenses are no less and can go upwards of Rs 5 lakh. This makes it important to have insurance cover.

With age, the human body becomes prone to diseases. Unhealthy lifestyle and junk-food consumption are some of the reasons why diseases are catching up so early. This is one of the root causes why health insurance policies have become increasingly important these days.

Women go through plenty of stages in their life – child, daughter, mother, sister, wife, and more. Of all these phases, motherhood is considered as one of the most defining milestones in a woman's life.

Arogya Sanjeevani policy is a new, standard health insurance policy set by the IRDAI effective from the 1st of April, 2020. It will be offered by most health insurance companies in India. This standard plan provides for a basic health insurance cover of between Rs. 1 lakh to Rs. 5 lakhs.

The ESIC (Employees' State Insurance Corporation) is a state-run organisation formed as a result of the Employee State Insurance Act of 1948. The primary objective of the ESIC is to provide social security to the majority workforce who belong to the organised sectors.

Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and payout when there’s a claim.

One of the biggest worries of every borrower is – not being able to pay the money back. The consequences of having to deal with unpaid credit payments are scary. This is where credit insurance comes into the picture.

Credit insurance coverage is somewhat similar to an insurance policy bought by a borrower. It helps to pay off one or more existing debts in case of the borrower’s death, disability, or in rare cases, unemployment.