Term Insurance Claim Rejection Reasons
Term insurance is a vital tool for ensuring financial security for your loved ones in the event of your untimely demise. However, claims can be rejected for various reasons, leaving beneficiaries without the financial support they need. Knowing why claims get rejected and how to avoid this can help ensure your family gets the protection […]
Multi-Year vs. Single Year Two-Wheeler Insurance Policy
As a two-wheeler owner in India, it’s crucial to understand the legal obligation of having a two-wheeler insurance policy. Riding without one can lead to significant penalties, including fines and potential imprisonment for up to three months. Despite these regulations, approximately 75% of two-wheeler owners are still uninsured. A two-wheeler insurance policy serves not only […]
Credit Score and Car Insurance: Does Credit Score Affect Car Insurance?
A credit score is a term frequently encountered when availing of various financial services, including loans, credit cards, and car insurance. This article explores how credit scores influence car insurance. What is a Credit Score? A credit score is a numerical representation of an individual’s creditworthiness, indicating their ability to repay debts. It is calculated […]
Factors to Consider When Purchasing Insurance for Your Electric Vehicle (EV) Car
As electric vehicles (EVs) gain traction in India, ensuring you have the right insurance coverage is vital for financial protection and peace of mind. Unlike conventional internal combustion engine (ICE) vehicles, EV cars come with unique components and considerations that influence their insurance requirements. Here are some essential factors to keep in mind when purchasing […]
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 […]