Does health insurance cover mental illness?
A study by the National Institute of Mental Health and Neurosciences (NIMHANS) reveals that around 11% of India’s population is affected by mental illnesses like anxiety, depression, severe mental disorders, and substance use disorders. For years, mental health issues were stigmatized, and many people avoided discussing them openly. Fortunately, this perception has changed, with people […]
Are Fibre Parts of Your Bike Covered Under Bike Insurance?
Bike insurance policies offer essential protection for your two-wheeler, but understanding the specifics of what’s covered can be tricky. One area that often confuses riders is whether fibre parts—components made of fibreglass—are included in the insurance coverage. These lightweight and durable parts, like bike fairings, fenders, and panels, play a crucial role in maintaining your […]
Insurance Coverage for Bike Accessories: What’s Included and What’s Not
When purchasing bike insurance, riders often focus on insuring the vehicle itself but may overlook the protection of valuable accessories added to their motorcycles. Whether it’s a custom exhaust, premium seats, or high-tech GPS systems, these accessories represent significant investments and can enhance both the functionality and aesthetics of your bike. But does your insurance […]
5 Questions to Ask before Buying a Retirement Plan
When planning for retirement, securing the right insurance is crucial for financial stability and peace of mind. Retirement insurance policies offer various benefits, including regular income during retirement, protection against medical emergencies, and long-term care coverage. However, before selecting a policy, it’s essential to ask the right questions to ensure you’re making the best choice […]
Pros and Cons of Having Multiple Health Insurance Plans
In today’s healthcare landscape, where medical expenses are continuously rising, securing adequate health insurance has become essential. Many individuals consider maintaining multiple health insurance plans to ensure comprehensive coverage and financial security. However, like any financial decision, there are both pros and cons to having more than one health insurance policy. This article will delve […]
Short-Term vs. Long-Term Health Insurance Plans
When it comes to health insurance, selecting the right plan can be challenging, especially when you need to decide between short-term and long-term options. Both types offer distinct advantages, but their suitability depends on your specific needs, life stage, and financial situation. In this blog, we’ll break down the differences, benefits, and factors to consider […]
Do’s and Don’ts After a Car Accident
Getting into a car accident can be a nerve-wracking experience, but knowing what to do—and what not to do—can save you from further complications. Here’s a simplified guide to ensure you take the right steps after a car accident, both for insurance purposes and to protect yourself legally. Immediate Do’s After a Car Accident 1. […]
Personal Accident Insurance for Families
Accidents are unpredictable and can have a significant financial impact on families. While life and health insurance are vital, personal accident insurance specifically protects against the financial fallout of unforeseen accidents. At InsureMile, we understand the importance of securing your family’s future, which is why we offer comprehensive personal accident insurance plans tailored for families. […]
Term Plan with Return of Premium: A Comprehensive Guide
A Term Plan with Return of Premium (TROP) offers policyholders a unique blend of life insurance protection and savings. Unlike traditional term plans, which only provide life cover without any maturity benefits, TROP returns the total premiums paid at the end of the policy term if no claims are made. This guide will explore the […]
Accident Insurance vs. Disability Insurance
Accidents and injuries can strike unexpectedly, potentially disrupting your financial stability and quality of life. Two types of insurance can offer protection during such times: Accident Insurance and Disability Insurance. While they may seem similar, each serves a different purpose. Understanding the key differences can help you decide which coverage fits your needs, or whether […]