Life is undetermined and insurance is the way to manage life's risks.

Having Insurance, transfers the cost of the loss to the insurance company in exchange of fees i.e. premium. Insurance companies invest that money further so that they can grow that money and able to pay when customer claim for loss.

The insurance sector is regulated and supervised by IRDA (Insurance Regulatory & Development Authority) which protect user from fraudulent.

We often hear about several types of insurance policies like general insurance and life insurance.


Motor Insurance

Motor insurance is mandatory by law. Motor insurance insures the financial risks involved while operating the car. The car might meet with any accident, damages or may be stolen. In such situations the losses to be bear by the owner may be compensated by the insurance company if motor is covered under motor insurance policy. Under the provisions of Motor Vehicles Act, all the vehicles deploying in public places should have car insurance policy at least to cover ‘third party liability’. It means that motor insurance must cover third party in case of any accident because it protects not only you but also other people who may be riding/driving you car. Now insure your vehicle with best options. Click here for Car insurance and 2-wheeler Insurance.

Health Insurance

Health insurance pays only for hospitalization and for treatment at hospitals.there are several  benefits of insuring under health insurance protects you from unexpected high medical costs. You get free preventive care, like vaccines, screenings, and some check-ups, even before you meet your deductible.The first health policies in India were Mediclaim Policies.The government of India in 2000 liberalized insurance and allowed private players to enter into insurance sector. The entry of private insurance companies in India expand the health insurance sector with innovative products like top-up plans, critical illness plans, family floater plans hospital cash and top up policies.


Critical Illness Insurance

This type of insurance are benefit based policies which pay a fixed benefit amount on diagnosis of covered critical illness and medical procedures. These illness are generally specific and high severeness and low frequency in nature that cost high when compared to daily medical treatment need. eg heart attack, cancer, stroke etc.

Critical illness insurance is complicated and you should talk to a specialist adviser before choosing a policy.


Term Life Insurance

Life insurance is a tool that will help your family in meeting their critical needs and living a comfortable life even after when you will be not there. The Insurer will pay the predetermined sum of money after your death to beneficiary of your policy. It could also claimed if you are bedridden or incapacitated with a critical illness. Therefore, Life insurance is the most essential insurance Policy that one should have in his/her investment portfolio. Life insurance policy is a good method of saving tax too. Under Section 80C of the IT Act, most of the insurance policies in India including the life insurance policy offer tax deductions on premium payments.


Child Insurance Plan

Being a parent, make you more responsible towards your children. Child look up parent for love, support and protection. So, to secure your child financially and make him grow always parent must plan their future smartly.

Here, Insurance sector gives you opportunity to secure your child’s future and make him grow gradually. Child insurance plan gives you various benefits like life cover, building a corpus for the child's future needs and the option of adding specific riders.


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