Health Insurance plans help in spreading such a risk to larger number of people, and hence bring the cost down per person. With health insurance, you are assured of a more secure future in terms of both health and money. Health insurance plays a vital role in each family and helps to be a responsible for the financial well-being of the family. The main purpose of medical insurance is to receive the best medical care without any strain on your finances. Health insurance plans offer protection against high medical costs. It covers hospitalization expenses, day care procedures, domiciliary expenses, and ambulance charges, besides many others.
There is a popular saying about health insurance:
“Buy health insurance when you don’t want it,
because you may not get it when you want it”.
Buying an insurance policy at an older age is very costly and if one develops health issues, the health insurance company tends to exclude pre-existing conditions which defeat the whole purpose of buying a health insurance as well as most health insurance companies have an upper age limit for the policies, which means one would have limited options after retirement.
Term life insurance can be contrasted to permanent life insurance such as whole life. which guarantee coverage at fixed premiums for the lifetime of the covered individual unless the policy is allowed to lapse. Term insurance used for pure income replacement needs for an individual. Its Primary use is to provide coverage of financial responsibilities for the insured or his or her beneficiaries.
Who is the eligible person for Life/Term insurance?
Earning an income allows you and your family to do many things. It pays for your mortgage, buys cars, food, clothing, vacations, and many other luxuries that you and your family enjoy. However, certain situations can cause you to lose your income, and those who depend on you also depend on you and your income. If any of the following statements about you and your family are true, then it is probably a good idea for you to consider life insurance.
1) You are married and have a spouse.
2) You have children who are dependent on you.
3) You have a parent or relative who is aging, or disable and depends on you.
4) You have a loved one in your life that you wish to provide for.
5) Your retirement plan, pension and savings are not enough to insure your loved ones future.
The term fire insurance refers to a form of property insurance that covers damage and losses caused by fire. Most policies come with some form of fire protection, but homeowners may be able to purchase additional coverage in case their property is lost or damaged because of fire.
Types of Fire Insurance
Corona insurance is a customised health insurance policy that offers coverage for expenses related to treatment required due to a positive diagnosis of COVID-19 (Corona). Apart from these, the existing health insurance plans also now provide coverage for hospitalisation arising due to COVID-19. Pandemic declared coronavirus (COVID-19) has impacted the lives of many across the globe. In India, almost all health insurance policies now include treatment for coronavirus treatment. After a positive coronavirus test, the insured is covered from the first day. COVID-19 does not fall under the category of pre-existing disease because it is a new disease.
Types of Coronavirus Health Insurance Policy in India
https://www.insurancedekho.com/health-insurance/coronavirus
Employee insurance is the Group Health Insurance also
called as Corporate Health Insurance that covers a group of people usually employees
of an organization.
Accident Insurance provides complete financial
protection to the insured members against accidental death/injuries leading to
disabilities (both permanent and temporary)
A Motor Insurance is a promise to get you back on the
road as soon as possible, and make your vehicle as good as it was
before it was damaged. It is primarily for motorised two wheelers, four
wheelers (Commercial and Non-Commercial) excluding vehicles running on rails.
To protect and secure the future of your loved ones in
your absence, these NRI Insurance helps you to a greater extent. Be it Life
Insurance or Term Insurance etc… Non-Resident Indians can choose it according
your requirements.
Not just humans but also the Goods that are transported through
Land/Sea needs Insurance. Safe transport of goods very much essential for the
growth of business.
Customise your insurance plan in the combination of protection
cum savings as per your specific financial goals.
Pay renewal
premium and avoid policy lapses. we
We help you through the claims process. Once you file
a claim, our experienced claims adjuster will be in contact with you to offer a
prompt, painless and fair claim resolution.
