How to choose right cancer plan.

How to choose right cancer plan.

How to choose right cancer plan.

As per WHO report by end of 2020 every Indian family will have at least one cancer patient, the disease is rising rapidly, so it very critical to explore the possible financial additional help for policy holder if they choose the right protection policy to get best treatment and cure better in right time so there are more then 10 insurers offer best cancer care plans please compare health care cancer plans at https://insuremile.in

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Digital human interface for millennials – India Life insurance Industry

Digital human interface for millennials – India Life insurance Industry

In India currently 85% of consumers buying life insurance from agent, brokers etc, slow this trend will change millennials would like to compare , buy policy from multiple insurance quotes to get best coverage benefits and premium before they jump to conclusion to buy policy, currently 55 million people are searching insurance online as per IRDA annual report , however only 6.5 million policies sold online this trend is growing every year due transparence and less depend upon human means get best deal to take care of policy holders based on needs and financial situation to protect their financial losses for more details you can check out compare insurance at https://insuremile.in

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Why do we need add critical illness cover to your health Policy.

Why do we need add critical illness cover to your health Policy.

A medi claim or health policy or hospitalisation policy is insurance cover under this policy which can claim the actual cost incurred for hospital expenses incurred due to illness this is called an indemnity policy. The benefit of critical illness policy on the other hand, pays the sum insured when an insured policy holder has event takes place, regardless of how much you spend to recover the your illness, so that this act as additional financial support for the high cost of treatment of these illnesses, you can find more plans and compare health insurance policy at https://insuremile.in

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How to choose the insurance investment policy?

How to choose the insurance investment policy?

Insurance investment policy is double benefit for policy holder, first benefit is protect investment and second benefit life coverage benefits to policyholder.There are plans will provide guaranteed returns and also there are plans which is link to investment plans which is link to performance of investment..Non-participating plans traditional savings plans of insurance companies offer returns of 4.5-6% and are tax-free. Further, you can find more plans and compare Life insurance policy at https://insuremile.in

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Why senior citizens need term Insurance policy?

Why senior citizens need term Insurance policy?

A term insurance policy is usually preferred by a working persons to protect financial loss. Upon their death of policyholder, the insurer will pay a sum assured to their nominees whose long term income needs will be taken care of based on terms and conditions of policy. The same financial challenges may be someone who has getting old or is on the verge of retirement. The Senior citizens may also have liabilities that are far from being settled — such as a home loan. They may have dependent family members parents, spouse or children — with income needs that may outlast their own lifespans for more details you can ref check out compare life insurance policy at https://insuremile.in

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Do you know about IRCTC and Ola insurance coverage? Here’s all you need to know

Do you know about IRCTC and Ola insurance coverage? Here’s all you need to know

Do you know that app-based platform Ola and Indian Railway Catering and Tourism Corporation (IRCTC) offer insurance coverage during the travel? The cover provided by them is available for a premium as low as Rs 0.49. The premium for Ola in-trip insurance cover is at Re 1 for daily rides, Rs 10 for Ola Rentals, and Rs 15 for Ola outstation. However, the premium with effective October 1, 2018, is 49 paise per passenger which is inclusive of all taxes.
In case of rail mishappening or accident, the policy provides cover death, permanent total disability, permanent partial disability and hospitalization expenses for injury and transportation of mortal remains.Worth mentioning here that in case of a passenger’s death during the train journey, the maximum cover is Rs 10 lakh, if a person is disabled then the amount is Rs 7.5 lakh. Whereas if the passenger gets injured then the cover amount is of Rs 2 lakh and for the transportation of mortal remains the amount is Rs 10,000.

The insurance provided to the Ola passengers will cover the benefits such as missed flights due to driver cancellations or uncontrollable delays, medical expenses, baggage loss and financial emergencies (for outstation trips). The claim process is also hassle-free. One can claim directly from their Ola app. For this, the passenger has to choose the ride from ‘Your Rides’ for which they wish to raise a claim and then in the next step they have to tap the ‘Support’ from the bottom bar and select ‘Claim Insurance for this ride’. To create a claim, tap on ‘Claim Insurance’.

If you wish to opt for it, then all you need to do is to visit ola app and click on menu then on profile. Now click on ‘Ride insurance and then Opt-in for insurance by switching the toggle on. For the ride insurance coverage at Rs 15 per ride, the passengers will be covered for a personal accident up to Rs 5 lakh, Hospitalization due to injury up to Rs 1 lakh, missed flight (domestic travel) up to Rs 5,000, medical evacuation for up to Rs 10,000 among others.

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These insurance products will help you reduce your liability from natural calamities

These insurance products will help you reduce your liability from natural calamities

New Delhi: Natural calamities can strike anytime. While nobody can prevent such a disaster, we can reduce our liabilities arising out of these events by having the right insurance cover, say experts. Here are some insurance plans that will help you reduce your liability in case of natural calamities. Home insurance While life, health and auto insurances are the most common product bought in India, hardly people buy home insurance. Home policies automatically cover damages caused due to natural calamities such as cyclones, earthquakes and floods. These insurance products cover the structure, furniture and fittings inside the house. Worth mentioning here that within home insurance, you need to choose the right product as buying a comprehensive plan, as it is the case for car insurance, will be an added cost for you.
Structure coverMost housing societies insure their building so as a flat owner you don’t need to buy structure cover separately. So before buying home insurance, check if your society has a structure cover. Also, check if the policy bought by your housing society covers reconstruction cost and not only the depreciated value of the building. In case your builder has a structure cover that includes reconstruction cost, then you can go for cover for contents inside the flat. Worth mentioning here is that most societies settle for depreciated building value to keep premiums low.

Plan for contents

Typically insurers provide two types of cover for contents inside a flat-standard and detailed. Standard plans assume a standard set of assets while in case of detailed cover you need to give a list of every asset inside your house and take cover against them. By giving full details at the time of taking the policy, claim settlement becomes smoother. Standard plans do not cover costs related to repairs.

Go for replacement costs for contents

While buying cover for household assets make sure you opt for replacement cost, instead of depreciated value. Although this will cost you more it is advisable to buy such cover, say experts. in case of a claim, this cover will be helpful. For example, if a refrigerator bought three years ago is damaged due to flood and the repair cost is Rs 9,000, then the insurer will not pay you the entire amount if you do not opt for replacement cost.

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Combi insurance plans are not for all

Combi insurance plans are not for all

In April this year, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance together launched a new insurance product that benefits those interested in securing their lives and health against contingencies. The new combi product called Bajaj Allianz Total Health Secure Goal is said to combine the features and effectiveness of both health insurance and term insurance plans. Sasikumar Adidamu, chief technical officer, Bajaj Allianz General Insurance, says, “It is a combination of two existing plans – Bajaj Allianz General Insurance’s Health Guard and Bajaj Allianz Life Insurance’s Bajaj Allianz iSecure. It is a comprehensive plan providing hospitalisation benefit and life cover, thus designed to take care of customers’ health and life goals.”

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Increase insurance cover with rise in income and change in lifestyle

Increase insurance cover with rise in income and change in lifestyle

I am 35 years old. Five years back, I had purchased a term insurance plan of Rs 50 lakh for 30 years. At that time, it was 10 times my annual income. But now my salary has increased. Can I increase my insurance? Can I add to my existing policy? If I change my insurance company, will I lose out any benefits? – Ajitesh KumarFirstly, based on the information provided, you will be eligible for an increase in the insurance cover. As a thumb rule, an individual should have a life cover of 10 to 15 times the annual income. This will ensure the sustenance of lifestyle in case of any eventuality. In fact, one should increase the insurance cover with every increase in income and change in lifestyle. The amount of life insurance coverage you need will also depend on other factors such as the number of dependents, children’s aspirations, financial goals, liabilities and affordability.

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Airtel, HDFC Life Insurance to offer free cover for prepaid customers

Airtel, HDFC Life Insurance to offer free cover for prepaid customers

Bharti Airtel and HDFC Life Insurance have tied up to offer life cover for customers who get a prepaid recharge done.Airtel’s new ₹249-prepaid bundle — which will include 2 GB data, unlimited calls across networks, and 100 SMSes per day — will also offer a cover worth ₹4 lakh from HDFC Life. “The recharge is valid for 28 days and and the policy cover till recharge is active. A customer needs to enrol for insurance after the first recharge through either an SMS, the My Airtel App, or the retailer,” HDFC Life Insurance said in a statement on Monday.
The tie-up is expected to improve insurance penetration in the country, given Airtel’s large consumer base.India has less than 4 per cent life insurance penetration, as on January 31.

Telecom penetration — or the number of telephones per 100 people — is estimated at 91.82 per cent.

“Airtel’s latest innovation offers the twin benefit of a life insurance cover along with calling and data allowance at less than ₹9 per day,” the release said.

The partnership leverages digital platforms and Airtel’s distribution reach, allowing people to get a life cover every time they recharge their phone, it added.

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