About Insurance - Insure your Life, Travel, Home, Pet and Motor Car

One of the beneficial general insurance policies is health insurance

2009-01-01T03:42:00.000-08:00

Insurance is nothing but a way to protect your life and properties against loss. For instance, to enjoy the modern comforts as well as to complete their works in a quick and easy way, most of the people of this modern age are showing great interest in purchasing vehicles and latest technology devices. If any such type of damage or loss occurred to these vehicles or properties, people can recover the financial loss by claiming to the insurance companies, if they insured their properties.

Insuring properties is one of the fundamental responsibilities of the owner. The general meaning of the general insurance is insuring anything except life as it does not come under the category of the general insurance policy. Other than life, this policy includes all types of insurances like health, automobile, home, office and furniture etc. It helps the people to protect their properties against fire, theft and unexpected natural calamities. Just by taking premiums from the insurance policy holders, the insurance company will compensate the financial loss of the insured property. The period of time of these insurance policies vary from one company to another company. Most of the companies offer general policies for a period of one year, while the other offers for more than one year.

One of the beneficial general insurance policies is health insurance. If you take this policy, you are not required to face any such type of financial problems, while paying your medical bills. The policy is available in India with various types of premiums, conditions and period of times. Some insurance companies allow you to claim only, if you are hospitalised, where as other companies take the responsibility of compensating your financial loss, even though you are not hospitalised. Now-a-days, some of the insurance companies tie up with well-known hospitals and paying the medical bills of the policy holders directly to the hospitals through third party administrators. This helps the holders to avoid claiming and waiting for the reimbursement. It saves their valuable time and without having even a penny in their pockets, they can go for treatment.

When it comes to the life insurance policy, there are several companies in India that offer this policy. Here, the person, who takes this policy is insuring his life not any of his properties. If the insured met with sudden death, the policy money will be obtained by his or her family members. The whole life, short life and universal insurance policies are the most popular life insurance policies among all the other life insurance policies. Single premium whole life, joint life, Group life and modified whole life are the some other policies that are related to this one.

With the advent of the Internet, now, people can find all types of insurance policies at one place. Some of the trusted websites over the Internet assist the people to compare the premiums of the insurance companies that provide insurance in India. Comparing the premiums, rules and regulations of the insurance companies help the people to take a policy from a good company. To find details, to fill an application form to insure any of your assets and to claim for the loss, you can use online Internet services that are provided by some of the insurance companies.

Insurance Overview on Importance of insurance

2008-12-02T06:26:00.000-08:00

It is always wise to take some time to do a bit of research online to understand the whole business of insurance, how it works and what are its pros and cons. Doing this kind of research online, will not consume much of your time and effort as you can do it just being at your comfort zone. And, this kind of research brings immeasurable benefits for the customers while taking an insurance deal.

On the other hand, automobile insurance is a kind of policy that covers all the losses that occur to an auto mobile. There are a lot of institutions today that cover any kind of damages to auto mobiles pertaining to natural calamities or man-made damages or losses like fire, flood, earthquake, theft etc.

Several years back, automobile insurance for automobiles was not that popular as the masses were not aware of the importance of it. But, over the years, with the efforts of the various public and private sectors, people have began to understand the importance of auto mobile insurance and its popularity has grown. Therefore, nowadays every owner of a two-wheeler or four-wheeler endeavours to get such insurance.

Today, the world is moving very fast and one cannot deny the occurrence of accident at any point of time. People indulge in long travelling as it gives a nice break from the daily hectic schedule. In fact, travelling gives people a nice recreation but while travelling, one has to be very careful because a bit of carelessness can lead him to trouble. While travelling in an unfamiliar land, people are likely to counter several kinds of accidents. And, in order to minimise the chances of such accidents while travelling, smart people always opt for travel insurance. This type of insurance covers the losses incurred by the traveller while in the midst of a tour. In fact, this kind of insurance gives security of life but that alone is not enough. A prospective customer has got to avail of the most appropriate insurance that suits him the best.

In order to find the best automobile insurance deal, a prospective customer has got to seek proper consultations. In order to do this, insurance deal aspirants can take the assistance of the insurance agents. These agents can help the prospective customers understand the utility, terms and conditions of travel insurance. The agents can help you make better decisions regarding such insurance as the agents are also competent to give suggestions, what to expect and what not from such a policy. The other important factor to be taken into account is a proper insurance authority. A right authority plays a very significant role in getting the right insurance deal.

Last but not least, the most important point that one should take care of while applying for auto mobile insurance or any other insurance plan is the good individual record. A blemish-free personal history can help you get this kind of automobile insurance with ease. One must also not feel embarrassed to get the confusions clarified from the agents or any other associates regarding such a deal. Moreover, one should also ensure that there is no any kind of hidden charges associated with such a deal.

LIC Lower its Equity Exposure

2008-11-03T21:10:00.000-08:00

India's largest insurance company Life Insurance Corporation (LIC) has decided to lower its equity exposure due to inconsistence in stock market. A senior officer of LIC said, “There is too much volatility in the markets besides a slowdown is also the reason for lowering investments in the stock market. We are increasing the proportion of debt investments.

This year we are investing close to 35 per cent of the life fund in infrastructure, NCDs and bonds which excludes investments in government securities. Last year, this was 20 per cent.

The range is around 12 per cent in corporate debt. The average ticket size this year for a corporate NCD has doubled to Rs 200 crore while in certain cases its upto Rs 1000 crore.”

According to HT, “LIC’s traditional fund stands at about Rs 1, 15,000 crore, which includes Rs 13,000-14,000 crore from pension and group fund.”

All the things were in the favour of LIC in spite of LIC has decided to lowered its equity exposure due to stock market down.

The question is here even LIC is depended on market and stock market then if the market will down then what will happen with pension people?

Car Insurance Package from ICICI

2008-10-29T00:31:00.000-07:00

CICI Lombard launched a very comprehensive Package Policy for four-wheelers cars which covers Third Party Liability (TPL) for bodily injury and/or death, Personal Accident cover for owner-driver and loss or damage to the vehicle insured (Own Damage or OD). It was by ICICI in their product introduction of Car Insurance package.

ICICI announced that their Motor insurance Policy is governed by the Indian Motor Tariff and it will cover,

Loss or damage to your vehicle: The policy covers you against any loss or damage caused to the vehicle due to the following natural and man made calamities.

Natural Calamities – Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

Man made Calamities – Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.
Personal accident cover: The motor insurance provides compulsory personal accident cover of Rs. 2 lakhs for individual owner driver of the vehicle insured while travelling in, mounting or dismounting from the car. You can also opt for a personal accident cover for passengers.

Third party legal liability: This protects you against legal liability arising due to accidental damages
- Permanent injury/ death of a person
-Damage caused to the property.

Basically, it will cover three types of liabilities. About the benefit it introduce that you can get Voluntary Excess discount, Additional discounts, Discount for Anti-theft Devices, Cover yourself and your family, Customise your insurance with additional covers etc.

I think it is better from all. It has more benefit also if you insure your car by it you can take look its Policy Exclusions where the features are available.

Source From : ICICI Bank Car Insurance

Insurance and getting out of debt

2008-10-09T23:46:00.000-07:00

Both are related to each other. If you want to be insured you need to be clean your debt. Then what can be way of get out of debt. I think it is not very difficult question because it is already solve in my previous post where I have talked about insurance plan.

You need to only get our of debt for better plan. Similarly, If you want to get out of debt then you have to pay pay off credit cards debt also. Both are related to each other. If you don't pay your credit off credit cards debt you will loose your credit also and will get arrears which will lead you to next round.

You are thinking what can be next round if you don't pay off credit cards debt. I am sure it can be filing for personal bankruptcy. It is related to all of them which I have already mentioned in the post above. Filing for personal bankruptcy is not more than to remove arrears.

So, insurance are as well as effective to you if you follow the rules which I have mentioned above here and complete that.

Career Insurance of your child from LIC

2008-10-03T00:15:00.000-07:00

LIC, need not mentioned more about it because now it is top insurance companies of India in government sector. It is the name of trust. It has many insurance plans like other insurance companies. Recently I knew about its child career plan. I think it is the best insurance plan of child for future of children. I am going to explain here by the official site of LIC.

According to the policy your child can be get benefit after the expiry of the insurance till 7 years. Here is the options also to choose the plan and pay out the policy money. You can pay according to your requirement.

You can compare about the children career plan from the Life insurance corporation.

I can say it is the best plan for my child career. That is why I am writing about it.

HDFC Money Back Insurance Plan

2008-09-26T02:27:00.000-07:00

There are money back insurance plan from many others insurance companies also but HDFC money back insurance plan has something different. About the plan online HDFC insurance site writes,

“The plan receives Simple Reversionary Bonuses, which are usually added annually. At the end of the term an additional Terminal Bonus may be paid.”

You can also see the features and benefited also from the online HDFC insurance sites which are:

HDFC Money Back Insurance Plan Features:

Invaluable financial support to achieve long-term as well as short-term financial goals.

A wide range of terms and cash benefit schedules to choose from.

A choice of taking the plan on a single life basis or a joint life (first claim) basis.

Opportunity to live life on your own terms.

Choice of four additional optional benefits.

HDFC Money Back Insurance Plan's Benefits:

A proportion of the basic Sum Assured in form of Cash lump sums at regular 5-year intervals within the policy term – an ideal way to secure your short-term as well as long-term financial goals (see the table given below).

A lump sum payment on survival up to maturity date.

Valuable protection to your family by way of lump sum payment in case of your unfortunate death within the policy term. This is over and above the earlier payouts. Thereafter the policy will terminate.

All these plans and features you can compare from others also. But I think it is OK to all if you want to get a insurance plan from a private insurance firm otherwise LIC is OK. HDFC is now going as a No. 1 in insurance sector. Money Back plans gives you some easy way to taking insurance policy.

Now Private Insurance Firm is more positive

2008-09-13T06:56:00.001-07:00

Today, I read news about private insurance firms. There was a survey that private insurance firms are more ahead from LIC. The survey shows that HDFC standard life, ICICI Lombard and Bajaj Alliance are in the competition of LIC.

I was amazed the survey shows different things however the people still believe on the LIC. What was the cause behind it? I think in these days urban area is more conscious and try to insure by private firm to get more facilities however the rural areas people still not targeted by private insurance firm.

Another matter is urban people have more money and they have more insurance by private firm to invest their money. This is my point of view about the private firms to become popular.

HDFC Children Plans

2008-09-03T23:41:00.000-07:00

Insurance is the protections of our life as I have already mentioned in my previous post. What it covers, I have written about this also. So, here is about your children. What is the HDFC children plans and why it is OK.

What is the benefit:

“Gives valuable protection and invaluable financial support to the child.

Works on Beneficiary concept, where beneficiary is the sole person to receive the benefit under the policy.

Provides you multiple options for multiple benefits.

Helps you customize an ideal plan for your child.” it is the plan by HDFC.

There is 3 options in this plan :

1.Accelerated Benefit Plan – In this you will get “Sum Assured + Bonuses Declared” along with “The policy terminates immediately.”

2.Maturity Benefit Plan – In this plan “Your family need not pay any further premiums and the policy continues.”

3.Double Benefit Plan – it is last plan and in this plan you will able to get “Sum Assured” along with “Your family need not pay any further premiums and the policy continues.”

I am talking about children plans and in the children plans it is now top plan for your child.

Home insurance with better policy

2008-08-24T22:42:00.000-07:00

Home is our dream. To save our dream, insurance is need because insurance cover all the aspect of the insured things. Life insurance cover our whole life, with life and after life like that home insurance cover home improvement, home disability, home repairing etc.

If you take a insurance for your home, read carefully all the document. For the quotation you should visit online. Here you can get all the information about your policy after it you can take either from online or by an agent.

You can fill up form there to proceed your inquire. I think home is not for your whole life but you can make it by insurance it for your whole life.

If you insure your home, you will get benefit in condition of repairing, improvement or any type of disability.

Jeevan Anand from LIC

2008-08-11T00:08:00.000-07:00

With Life, After Life

From LIC (Life Insurance Corporation) there is a good plan for “Life Insurance”. Recently I have taken this plan. So, I have decided to say about it. My plan Jeevan Ananad from LIC so I have to say about this. The plan is “with life and after life”.

There is 1 lakh amount with my plan. My age is 24 years so plan amount will be yearly about 5156. It will be for 20 years. You have to pay the amount yearly till 20 years. You can pay it monthly, on 3 months or 6 months also.

After 20 years you will be able to get amount about 2.25 lakh. After end of this plan your insurance will be continoue till 100 years of your age and amount will be 1 lakh. The amount will be able to get your nominee in the condition of casul accident. If you want to get that money in your life, you will be to get about 70% of that endowment money.

So, the plan is, you can say, endowment policy. So, now I am insure by this plan that is why I am sharing this here.

Compensations Insurance for NRI

2008-08-01T02:09:00.000-07:00

How luxuries life is for NRI! Government has announced an insurance policy for them. Now, if in road accident a NRI die, he will get 1.15 crore rupees. About it HT writes, “Eight years after a non-resident Indian was crushed to death by a tractor on a road linking Delhi and Gurgaon, his family has been awarded a compensation of Rs 1.15 crore by a city court.”

It is second case which is such a high compensations by the government for an NRI. Before it in April, an another case 1.17 crore rupees was for compensations for a family which was a multi-national corporation employee.

Is it right always why get so much compensation NRI or high status person family?

Motor Car Insurance Policy

2008-07-23T02:47:00.000-07:00

Whether your life insure or not your motor car should be insure before run on road. There are Insurance for car almost all the counties. It is necessary. It is beneficial also. It cover almost all lablites for car. So, it is like any other insurance it is also a most famous insurance.

There are many companies which provide this insurance. Major are in top like ICICI. The insurance cover if your car is damages or theft you can get return money for that. For this insurance you have to pay some money. It can be depends on company to company.

If you want to get benefit about motor car visit online now you can see benefit of car insurance.

Insure your pet

2008-07-04T02:43:00.000-07:00

Pet are our friends. We know there are all things nowadays insure. So, why not pet. That is why there are many company which provides insurance for your pet. Pet insurance is not so much famous in India but in UK or other develop county it is most famous. There most of people keep pet with them. So, the insurance of pet are necessary there.

In India it will be known also soon. Because there are also in high society pets keeping becoming honorable status. So, insurance of pet also be a requirement. Pet will get their health benefit by insuring.

There will be also a facility of online insurance by Pet. So, if you have pet, make sure it should be insure.

Online travel insurance

2008-06-19T02:35:00.001-07:00

During the travel accedent are communly that is why there are traveling insurance which cover Medical, Daily Allounce and hosptality, Dental Treatment, Passport loss, Personal Accident, Personal Liability, Financial Emergency, Trip cancellations, Trip Delay etc. These are commonly covered by almost all insurance company which provide travel insurance.

For getting best plan of treveling insurance you can visit some website which offer online travel insurance.

In India there are many insurance company which provides traveling insurance are – ICICI Lombard, Bajaj Allianz, TATA-AIG etc. These are major insuring company in India.

So, Make sure befor traveling if you are going for long journey taking a travel insurance it can be beneficail for you.

Life insurance plans by ICICI

2008-06-05T01:59:00.000-07:00

One of the leading private bank in India ICICI provide some plans which is for life insurance. According to ICICI life insurance is , “Life insurance is a guarantee that your family will receive financial support, even in your absence. Put simply, life insurance provides your family with a sum of money should something happen to you. It thus permanently protects your family from financial crises.”

It has 4 plans in it that are :

Educational Insurance Plans

Wealth Creation Plans

Premium Guarantee Plans

Protection Plans

We will share all the thought regularly which will be related to these.

Insurance Introductions

2008-06-02T23:53:00.000-07:00

Insurance is a cover of your things and your life. There are many types of insurance which insure your life, car, motorbike, pet, travel etc. Insurance is a guarantee of your loss. If you loose any thing which is insure you can recover that again. So, today it is most import for us and for our life.

From where you should go for insurance :

There are many insurance company which privide many insurance policies which can be better for you and it is also for your convenience. So, either you can go on that and insure your life or your any things which you want. There are another method of insurance. You can go through online and make a search on search engines. You will find many online insurance company where you can get a fair insurance.

How to choose a good insurance :

There are many insurance company so there are many problem to select a insurance but no worry there are people trusty insurance and no one can flout you because they want run in market. So, you choose only a better plan for which is affordable for you. You can ask from your friend or can go any forums for discuss for better insurance plan and can ask online life insurance questions.

Types of insurance :

There are many insurance which can be better for you along with mediclam, Market plus, Money plus, Jeevan Bima etc. Like it there are many home insurance, motorcar insurance, pet insurance or others which you want.