Meaning of What is Life Insurance Premium? A life insurance premium is the fixed amount of money that a policyholder pays to the insurance company in exchange for coverage. It can be paid monthly, quarterly, or annually, and ensures financial protection for the insured’s family in case of an unfortunate event. In fact there is […]
As we know, health insurance protects an individual from financial loss or high expenses incurred due to medical emergencies, sickness, or injury. Employers often offer health insurance schemes to working-class individuals, providing valuable benefits for both the insured and their families. Lets take a look at the benefits of Health Insurance for Employees. What is […]
No-Claim Bonus (NCB) in car insurance is a valuable reward offered by motor insurance companies to policyholders who do not make any claims during the policy term. It serves as an incentive for safe driving and provides an opportunity to maximize savings on your motor insurance premiums. Understanding how NCB works and how to make […]
Insured Declared Value (IDV) is a crucial concept in car insurance that plays a significant role in determining the coverage and premium of your policy. IDV represents the maximum sum assured by the insurance company in case of a total loss or theft of your vehicle. Let’s delve deeper into IDV to understand its importance […]
When it comes to motor insurance, having a basic policy is essential to meet legal requirements and protect your vehicle from unforeseen events. However, standard coverage may not always be sufficient to address specific risks or offer complete protection. That’s where motor insurance add-ons come in. These add-ons provide additional coverage options that enhance your […]
Medical insurance is more than just a safety net—it’s a smart way to manage rising healthcare costs and ensure timely access to quality treatment. Whether it’s a routine check-up or a hospital admission, having the right coverage can make all the difference. Two key components of health insurance that often confuse people are IPD (In-Patient […]
Keeping track of your bike insurance status is crucial—whether it’s for timely renewal, smooth claim settlements, or avoiding penalties during traffic checks. An expired or invalid policy can cost you more than just a fine—it can lead to legal troubles or denied claims. Thankfully, you don’t need piles of paperwork or long calls to check […]
Keeping track of your bike insurance status is crucial—whether it’s for timely renewal, smooth claim settlements, or avoiding penalties during traffic checks. An expired or invalid policy can cost you more than just a fine—it can lead to legal troubles or denied claims. Thankfully, you don’t need piles of paperwork or long calls to check […]
Car insurance is not just a financial safety net—it’s a legal requirement for all vehicle owners in India. As per the Motor Vehicles Act of 1988, every car must be covered by at least a third-party insurance policy to be legally driven on Indian roads. Driving with an expired or invalid insurance policy can lead […]
When you make a health insurance claim, there’s often someone working behind the scenes to make the process smoother—this is where a TPA, or Third-Party Administrator, steps in. TPAs are licensed organisations that act as a bridge between policyholders, insurance companies, and hospitals. They help handle everything from processing claims and enabling cashless hospitalisation to […]