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Monthly Archives: February 2017

Why Personal Accident Insurance Policy?

Accidents are not restricted to the roads alone, it can happen even when you are indoors. You can slip from the stairs or fall in the floor or suffer from burns while cooking. In any such situations, immediate medical treatment is required which means unexpected medical costs. To deal with such situations what you need is a personal accident insurance policy. It protects you and your family against losses which arise from a personal accident. The accident can be a minor or a major one, but the policy will provide compensation for medical expenses. In the event of a severe loss, the policy will pay a lump sum. The policy pays out for situations such as :

  • Permanent total disablement
  • Permanent partial disablement
  • Temporary total disablement
  • Permanent disablement or loss of life while travelling in a public transport
  • Daily cash for hospital

The policy also pays out if personal injury has been caused by acts of terrorism. Coverage offered by this policy is applicable inside the country. The period of coverage is for a period of twelve months, after which the policy has to be renewed.

There is no need to undergo any medical tests to avail this policy. Furthermore, you also don’t have to provide documents. It can be applied by anyone from 18 to 65 years of age. If you take a floater policy, coverage is extended to your spouse and two dependent children


Fire Insurance Policy

Fire policy is useful for all and sundry who own property. Fire can happen due to an accident, arson, violence, sabotage as also by an act of nature, like lightning in the rainy season. It can happen suddenly and the losses may be at times quite heavy. So it is better to insure one’s house against fire by paying a small amount of premium yearly and securing you financially against huge losses when the event happens. A kind of property insurance covering losses due to fire often comprise coverage against smoke or water damage also. You must at least go in to buy a fire insurance policy to secure your property and contents of your house from destruction because of explosion, fire, lightning.

Fire Insurance Policy

Fire insurance policy is particularly useful for ones who own property in trust or in commission or have properties as individuals or in financial institutions, having interest in the financial property. Movable and immovable properties at a specific location, e.g. plants, machinery, buildings, fittings and fixtures, stocks and stocks in process, furniture, contents, stocks in suppliers’ and customers’ locations, devices temporarily shifted for repairs, etc. can all be insured. Cover will include:

a) Fire

b) Lightning

c) Explosion/Implosion

d) Landslide / Rock slide

e) Bursting of water tanks, machinery and Pipes, etc

f) Flood, Storm and Inundation

g) Damage by aircraft

h) Riots, Strikes

i) Missile testing exercises/operations

j) Bush Fire

Sittings and discussions with a few insurers will further earn you very many fascinating covers and range of discounts, facilities and bargains, like cheap premiums, good alternatives and subtractions, cash benefits from to time, Non-claim Bonus (NCB).

Mode to Buy Fire Insurance Policy

The sane people say that you listen to everybody but follow only what your own mind says. This advice equally applies while buying an insurance policy. Some may say buy this way; some may say buy that way. Some may suggest buy from this agent, some may say buy from that agent. But one must not forget that businessman is first a businessman and then anybody else. Before making a mind to see some insurance agent, make yourself very clear as to what you want to buy, rather make a list of your customized compulsory demands and expectations. This will give you a good framework under which to frame your queries, instead that the insurance agent tries to induce you to his points of view. After having done this much home work, you go online and demand from some insurers online insurance quotes for fire insurance. Select a few catchy quotes and scrupulously follow them. Then reach the respective insurance agents one by one. Question them one by one to the maximum extent possible vis-a-vis the list of specifics you have already formed. While questioning, don’t feel hesitant at all. All said and said, it is you who are spending the money and before buying the insurance, therefore, it is you who should be fully satisfied about return on your investment. It should only be to complete satisfaction of yourself that you should opt for the best insurer.


The Variables which Influence Your Motor Insurance Premiums

Spot of living arrangement

Spot of living arrangement assumes a real part in deciding your car insurance premium. In the event that you dwell in an enormous city then there are likelihood of mishaps & robbery. This can request more prominent premiums. Likewise, if an individual dwells in sloping ranges which are inclined to seismic tremors or avalanches then there is danger of characteristic cataclysm. This again requests more prominent rate of premium. In any case, if an individual dwells in okay ranges then premium charged will be less.

The occupation

In the event that the individual’s occupation obliges him to drive a great deal & on the off chance that he utilizes his auto then his car is going to be more often than not out and about. Subsequently, the dangers of mischances are high.Essentially, in case you’re driving a considerable measure then premium will be higher.

Your auto sort and auto model

Your auto’s model and your auto’s make focus certain danger components interfaced with it.For example, the Suvs will any day execute better amid crashes giving more prominent security. Consequently, damage if jumped out at the inhabitants in addition to the vehicle may turn out to be less serious.Though, the top of the line vehicles and auto models have a tendency to acquire more prominent repairing expenses. Along these lines, they would cost an individual to pay more to protect the auto.

Driving history

This is a vital variable which goes in deciding your protection premium.For example, if an individual has clean record where he/she has no mischance histories then he/she can get rebates. The rebates can go up to half through No Claim Bonus.


Age likewise is an alternate component which decides the premium rate.On the off chance that there’s a young person of 18 years then he/she has a tendency to enjoy towards high hazard driving. Thusly, notable age sections or gatherings may need to pay more noteworthy premium than others.


How to Claim Car Insurance Premium?

Car insurance premiums might be high. Therefore, its imperative to guarantee how to make a fruitful claim on your car insurance.

Advise your back up plan

Advise your back up plan at the earliest opportunity about the mischance. This empowers your guarantor to gather all the subtle elements of the mischance and afterward you profit a case on your car insurance. Certain guarantors will send you a cases structure or permit you to seek a case on the web.

Don’t freeze

On the off chance that you confront a mishap, don’t frenzy and attempt to head out in scurry. The principal thing you ought to guarantee is to collect your vehicle in a protected and secured place particularly in case you’re amidst a street.

Things to recall while requisitioning a case

In the event that the episode is a consequence of your deficiency then you may require to pay an extra charge when you request a case.

How does the case function?

The procedure of case shifts crosswise over diverse guarantors. Therefore you’re obliged to take after the guidelines and regulations of your car insurance organization.

In any case, regardless one must illuminate his/her back up plan as quickly as time permits amid any episode. Likewise the individual must gather all the obliged data identified with the mishap which incorporates the contact data of other concerned gatherings, the wrongdoing reference number & an exact record of what happened at the spot of episode.

Keep up the duplicates of every last one of archives and receipts connected to your case.

Your car insurance organization may require you a considerable measure from inquiries and solicit you to give part from data. This might be because of the substantial number of insurance misrepresentation cases as saw in the previous years. Regardless, its fitting to furnish your guarantor with all the right points of interest as asked by your back up plan.

Imagine a scenario in which the case gets rejected.

At the point when such a case emerges where the guarantor rejects your case, you ought to evaluate the purpose for the same by sending a composed articulation or specifically corresponding with your safety net provider.

A typical question which can emerge is about the difference on the valuation. There could be a circumstance when an individual’s car is composed off & the manager can’t help contradicting the valuation gave by the car insurance organization.

For this situation, masters remark that generally the vast majority of the back up plans are reasonable. In any case, if there should arise an occurrence of any debate on valuation, the concerned guaranteed must help his/her claim with however much correct data as could reasonably be expected. For instance, on the off chance that you have photos which uncover your vehicle’s condition preceding the mischance, keep in mind to impart these photographs to your car insurance organization.