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Difference between Double Insurance and Reinsurance - (A)

Both insurance and reinsurance offer financial protection against potential losses. Although they are similar in concept, they differ greatly in how they are used and who uses them. Take out insurance to protect against possible property loss. Who will protect the insurance against a possible loss of property? If the damage is minor, the company …

Why is personal accident insurance needed_ - (A)

An accident can happen at any time without warning and sometimes cause serious damage. Such an undesirable incident can have a significant impact on your finances. Not only can treatment be expensive, but it can also affect your earning potential if you are disabled. To protect yourself and your family from such a situation, it …

No claim bonus in Health Insurance - (a)

The word “bonus” sounds very positive. However, it is questionable whether these three words – no, right, and bonus – together have a similar impact. The skepticism could be due to the presence of “no” and “complaints”. But there is nothing to worry about. No Claim Bonus (NCB) on health insurance simply means a bonus …

Fixed benefit or indemnity health plan, which one to choose for covering COVID_-(A)

Coronavirus cases are on the rise with no relief in sight, as India is expected to have the highest number of cases in the world. With a vaccine still in development, people are considering health insurance plans to meet their immediate financial needs if they test positive for the coronavirus and require hospitalization. Therefore, health …

Repercussions of driving without two-wheeler insurance in India

It is estimated that more than 70% of the two-wheelers on the road are uninsured. This is mainly because people do not know the benefits of bicycle insurance or forget to renew them in a timely manner. Whatever the reason, if you get caught driving on Indian roads without proper bicycle insurance, you will be …

Benefits of Critical Illness Policy-(A)

Traditional critical medical insurance or the dreaded medical insurance is an insurance product in which the insurance company pays the insured a lump sum in cash if they are diagnosed with a critical illness or undergo one of the surgeries covered by the medical insurance. Politics. Typical critical illness insurance can include cancer, organ transplants, …

Since the coronavirus changed its status from epidemic to pandemic, the 21st century has been divided into three timelines: the years before COVID, COVID, and after COVID. Right now you are on the COVID timeline where cases are increasing day by day. Although the initial lockdown slowed the spread of the virus, the numbers have …

Benefits of Buying Long Term Two Wheeler Insurance-(A)

When it comes to long-term car insurance for two-wheelers, it can be extremely difficult to remember to renew the policy year after year. Since driving a vehicle without liability insurance is illegal, a policy that has expired for even one day can create a number of complications. A simple and practical solution to this problem …

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