Best Health Insurance policies

  An NCB or a No-claim bonus is a discount an insurance company offers on your premium when you do not claim any insurance amount during the insured year. This is an immensely useful feature for a comprehensive two wheeler insurance holder as an NCB can bring the premium payment down to almost half its original value.                    Now that you know how not making an insurance claim can also be helpful for you, let’s look at how you can make the most out of it - 1)     Stay consistent - The No-claim bonus increases with every year that passes by without you having to make an insurance claim. After the first year, you can get a discount of 20% when you renew your insurance policy for bike. This discount increases upto 50% by the end of fifth year and stays stagnant at this level from there on. 2)     Get the NCB cover add-on - It would be saddening to lose the accumulated NCB if you happen ...

 There are mainly two types of best two wheeler insurance policies available in the market today, third-party bike insurance and comprehensive bike insurance. While a third-party insurance policy is the most basic and budget-friendly way to legally drive your bike, a comprehensive bike insurance policy provides wider insurance coverage in case of an accident.  The comprehensive insurance policy is highly recommended for people who use their bikes regularly or own a high-end two-wheeler. If you are also a regular rider and are wondering what exactly can comprehensive bike insurance cover, here’s the list -   1)     Vehicle damage due to natural disasters - Disastrous natural calamities like tsunamis, tornadoes or earthquakes are unpredictable and can prove to be financially and mentally disturbing events. While third-party insurance would not cover the vehicle damages in such events, a comprehensive cover would provide you with complete financial rel...

  Understanding your premium is the first step towards getting the perfect bike insurance coverage. However, if you are a newcomer to the world of insurance, you can easily get confused about the insurance premiums and wonder how the premium price is even related to anything else other than just the services it can cover! Nonetheless, to make things clearer, here are 6 factors that affect the premium you pay for your bike insurance -   1)     Bike’s condition and characteristics - High-end models of bikes that have a higher than average Cubic Capacity(CC), would have a higher premium than the bike models that are more commonly seen on the road. The number of kilometres the bike has driven, its fuel type, the modifications, and even the bike’s current market price are considered when evaluating the premium. Residential security -  Your insurance premium can go up significantly if you do not have a designated parking spot and have to park your bi...

  If you are about to renew your bike insurance policy for the first time, you may need a bit of guidance. In this article, we list down the different methods of two-wheeler insurance renewal to help you out. No matter which insurance company you go to, the process usually is standard throughout. Let’s take a look - Two-wheeler insurance renewal You can opt to renew your two wheeler insurance in one of the following two ways: Offline This is the traditional method of renewing your bike insurance policy wherein you would have to visit the insurance company’s office and talk to one of the insurer’s executives about their insurance plans. You then pay a premium upon which they would hand over a printout of your renewed policy documents and your payment receipt. However, you can also renew your two-wheeler insurance policy by getting in touch with an: 1.      Insurance agent An insurance agent is trained and licensed to help out with any queries that you might have...

  Hi, Recently, the car insurance for my four-wheeler expired. Earlier I used to have an agent who would renew my car insurance while charging an added amount of money. Recently one of my friends told me that I can renew my car insurance on my own. He further said that the entire process is online, so I do not have to go anywhere to get the renewal of my car insurance. Considering your question I understand that you are facing the same problem, and I would like to say that  online car insurance renewal  is an easy process. There are a few simple steps to be followed and in a couple of minutes your car insurance will be renewed. Here is a detailed approach for you to get your car insurance done quickly. Visit your insurance vendors website Once you have decided the company you want your car insurance to be renewed from, you simply have to visit the website of your insurance vendor and log-in to your account. Once you are logged in, you will be able to select the renewal op...

  When buying mediclaim policy , it is important to think about whether your coverage would be better enhanced with the help of add-ons. These days, insurers offer a range of add-ons that can really enhance the protection your coverage has for you. One such add-on that is truly worth considering is the ‘critical illness cover’. This add-on can prove to be immensely helpful no matter your age. Let’s dive bit deeper and explore this add-on in detail. What is the critical illness cover?   The critical illness cover is an add-on that you can opt in for when you buy health insurance. This cover pays you – the policyholder – a lump sum amount if you get diagnosed with any of the critical illnesses included in the plan by the insurer. These days, critical illnesses like cancer are on the rise. Moreover, critical illnesses require a lot more treatment due to the general prolonged and serious nature of the illness. This can lead to heavy medical bills that can drain out your hard...

Health insurance companies keep adding various benefits to their insurance plans. By developing their products, they are able to attract customers and boost sales. This works out well on both ends, as policyholders are then able to enjoy the great features of their insurance plans. One such benefit that insurers include in their health insurance plans is the hospital daily cash. This is a benefit that has many advantages, which is why policyholders should make sure to look for this benefit when they search for health insurance policies online. Let us understand more about this policy in detail: What is the hospital daily cash benefit? The hospital daily cash is a benefit that offers a set amount for every day of your hospitalisation. This amount is decided at the time you buy the health insurance policy. No matter what your expenses add up to, this is a fixed amount that you will get. So, let us say you have a health insurance policy with a fixed daily cash benefit of Rs.1,000...

  Have you ever heard your insurance provider tell you that you get the ‘reinstatement of sum insured’ benefit with your health insurance policy? Ever wondered what this benefit entailed? If so, you have come to the right place! In this article, we will take you through all you need to know about this helpful feature of health insurance. Let’s get started - What is the reinstatement benefit? With the reinstatement of sum insured benefit, your health insurance cover limit bounces back to its full value even after you have exhausted the amount in a claim. This benefit is provided at a slight added cost to you, the policyholder. This added cost is definitely worth paying for we never know when ill health can strike twice or even several times within a given policy year. For a family floater plan that covers several members of a household, the restoration benefit can be said to be almost indispensable since there is a higher likelihood of claims being made each year. A few thing...

  A famous adage goes ‘health is wealth’. In the current scenario with rising costs of medical care, health insurance can probably be considered to be wealth insurance too! A health insurance policy can help you protect your hard-earned savings when you fall ill, thus saving you from a lot of financial troubles. Now, you may have heard people tell you to buy health insurance as soon as possible. More specifically, you may have been advised to buy health insurance at a younger age – ideally in your 20s when you just start working. So, is it a good idea to buy health insurance early on? The answer is a definite YES! There are many benefits to buying coverage when you are younger…let’s take a look at some of these – 1.    1.    Premiums are way cheaper It is no secret that health insurance premiums are much more affordable when you are young. This is because you pose a relatively lower risk to the insurer in your 20s. When you reach your 30s and 40s, you wil...

  Family health insurance plans are a type of group health plan that allows you to include several members of your family under them. Most insurers permit you to add your parents, parents-in-law, your spouse and children, siblings, nephews, and so on. If you have senior parents, it may have crossed your mind as to whether it would it be a wise move to include them under the health insurance plan as persons above 55-60 years of age have different and more demanding medical needs. Let’s take a look at the pros and cons of adding your parents to the family health insurance plan.  The pros  1. Lower premiums It is quite well known that family health insurance plans are cost-effective. As compared to insuring each family member with a separate individual health insurance plan, the rates for a family plan are going to be much lower. And since the premium rates for senior citizens tend to be higher, buying a separate policy for your parents would lead to quite an increase in yo...

  When buying health insurance , it is important to think about whether your coverage would be better enhanced with the help of add-ons. These days, insurers offer a range of add-ons that can really enhance the protection your coverage has for you. One such add-on that is truly worth considering is the ‘critical illness cover’. This add-on can prove to be immensely helpful no matter your age. Let’s dive bit deeper and explore this add-on in detail. What is the critical illness cover?   The critical illness cover is an add-on that you can opt in for when you buy health insurance. This cover pays you – the policyholder – a lump sum amount if you get diagnosed with any of the critical illnesses included in the plan by the insurer. These days, critical illnesses like cancer are on the rise. Moreover, critical illnesses require a lot more treatment due to the general prolonged and serious nature of the illness. This can lead to heavy medical bills that can drain out your hard...

  My work requires me to travel abroad quite frequently like sometimes in Europe, sometimes in the USA, or even Australia. This means that I have to pack light for every trip I plan. However, forgetfulness is something that plagues everyone, especially during rush. Not too long ago, I was a victim of a goof-up due to this same forgetfulness. On my recent trip to Denmark, I had forgotten my passport in a rush to catch my flight back home. It wasn’t until I was at the ticket counter that I realised my passport was missing. Luckily, I had my  travel insurance  like I always do for every trip of mine. It helped me in getting a temporary passport in the nick of time. I have mentioned some things that are a must when buying travel insurance: 1. Passport assistance Just like I mentioned above, your insurance shall be able to issue a temporary passport in the event of loss of your original passport. This will enable you to travel or board a flight without any legal trouble. Origi...