Health Insurance is a health assurance policy which helps you in times of emergency hospitalization, cashless payments of all sorts of hospital expenses like procedures, consultation, pharmacy, hospitalization advances etc. For this, the only concern is the hospital/medical institution should be empaneled with the health insurance provider.
Digitalism has changed the way people thought about buying insurance policies. Now, anybody can search among so many health insurance options providers based on the research done online. We know that shortage of time and finding expert solution, we at Insuranceontips have come up to ease your pain by shortlisting the best health insurance policy based on your requirements.
Owning a car has become a necessity for everyone today. According to the affordability, every individual wants to buy one to suit their family size and needs. Earlier, the one who had a four wheeler was treated special in terms of societal quo. But in today’s era, car has become a necessity for urban people specially.
When you are buying a car, chances are that the bank agents from whom you are taking loan or the agency executives from whom you are buying your car will force you to take car insurance from them (any which from both) and you end in deciding in haste as they keep on following up with you frequently. But, you should act smartly and decide wisely. So, based on that, following are the types of car insurances available in India:
Cancer insurance is a type of health insurance with maximum possible security to the risks associated with dangerous disease called caner. In this, the cost brought upon the individual/patient for cancer treatment is reduced by providing them an insurance cover. Thus, cancer insurance assures them of financial assistance when they need it the most.
Term insurance is a kind of life insurance policy that is bought for a permanent period of time. These policies do not have any cash value, so are comparatively inexpensive as compared with other kinds of life insurance policies.
Also known as retirement plan, pension plans are a kind of future investment in which you endow a share from your savings that provides secure and stable income in your post retirement life. In case one has good savings, then too, one must go for a pension plan safe handedly as a wise decision. We never know what ugly unpredictability comes across and we need to use our savings in it. Therefore for the benefit for ourselves and our family, we must choose a good pension plan.
If you are investing in a pension plan continuously, that amount matures into a lump sum one due to the compound interest calculated on it. It serves a big deal on the total amount you get. The only matter of concern is that you must choose a right pension plan for your future’s security.
This government scheme is a special retirement plan majorly meant to benefit the rural public under pension cover for the financial security of their future.
Investment Plans are those financial products which offer a chance to augment wealth for the happiness and prosperity of future. As an example, life insurance is widely used instrument under investment plans in India. Now days, all the investment plans such as life insurance give life coverage along with other attractive benefits. Any good investment plan provides the policyholder benefits like safer returns and life coverage but these are varied in nature as per the selected investment plan.
The following are most common investment plans in India now days:
You can say that a child plan is a two sided policy, insurance and investment as it serves two ideas. First, it safeguards the future of your children/child and aids the financial requirements like education, marriage etc. Just like the sides of a coin, it plays dual benefit role in your life and the lives of your children.
Following are the common types of Child Plans in India:
The funds of various insured entities are pooled to pay for losses which might incur in future. For this purpose the ensured entities are liable to pay a fee depending upon frequency and severity of event). The risk must, therefore, meet certain criteria to be insurable:
The common characteristics of risks which can be insured by private companies involve:
The basic legal requirements and regulations when an insurer insures an individual entity are:
The major types of insurance available in India are: