Small repair work in a new car can burn a hole in your pocket. This is why car insurance is a must-have policy for any vehicle owner. What’s more, driving without insurance is illegal in many states all over the world. Choosing car insurance may seem like an overwhelming experience at first, considering the different types of auto insurance policies being offered nowadays. But today, we are going to make things easier for you by discussing some of the basic types of insurance policies for car owners. The best policy should cover the vehicle-specific, driving conditions-specific, driver-specific, and third-party-specific needs. You can also customize the insurance plan by adding and subtracting features. Here are 5 different types of car insurance coverages to choose from. Find one that
Anyone subscribing to a health insurance policy is a welcome move given the scenario that the cost of medical expenses and instances of lifestyle ailments is on the rise. When you are young, you can buy a health insurance plan in India or anywhere else without any issues and at a lower premium because there is a lower risk of a claim. However, in the case of health insurance for senior citizens, you need to know that there is a higher amount of premium as there is a higher risk of claims. It is because senior citizens are considered as a risk by insurance companies as they have more chances of asking for claims. In the same context, if you are a senior citizen and buying a health insurance, you may need to consider many aspects. In the same context, let’s provide you with a guide whe
Group health insurance, as the name suggests, is a kind of insurance policy that provides medical benefit to a particular group. This group is generally the employees of an organization. It is often referred to as corporate health insurance or employee medical insurance when provided by an employer to the employees of an organization. This kind of coverage is beneficial to both the insurer and the insured. Group Medical Insurance policy has its benefits for the employer as well as the employee. Benefits of Group Health Insurance to the Employee No Premium: The employee is not required to pay any premium. The employer generally pays the premium. As a result, you get the dual advantage – pocketing a health insurance policy without paying anything from your own pocket. No medical exp
When you suffer fire damage or flood damage at home or in the workplace, we all naturally assume that our Insurance Company will be there to ensure everything is taken care of. Statistics show that in most cases people is less than impressed by the response once they have to make a claim. Most just assume that the tasks in hand will be met with the same enthusiasm and vigour as when they took their premium to protect us against the worst. In reality, an Insurance company is a financial institution. Their priorities are to their shareholders who expect an annual return on their investment. As a result of the well published negative experiences of people making a claim, a whole industry exists to assist people to obtain their maximum entitlement through insurance claim management. The Cl...