Policyholders covered under individual or family floater health insurance plans have the right to switch their insurer at the time of policy renewal. They can do so while retaining certain accumulated benefits. This right, governed by the Insurance Regulatory and Development Authority of India (IRDAI), is commonly referred to as
Life insurance is something that’s often talked about as a financial need, but which many people in India buy without perhaps understanding fully how it actually works. Policy brochures can be packed with coverage amounts and premium information. Still, the true core of life insurance is outlined in a handful of clear
Maintaining the right documentation is a vital aspect of financial planning, especially in India, where insurance schemes are intimately connected with tax benefits, loan procurement and overall financial well-being. A popular document that is repeatedly asked for is the premium receipt. It shows the payment you made towards your life insurance policy.
If you own a car in India, third-party insurance isn’t something you choose; it’s something the law requires. Every vehicle on the road must have it, no exceptions. And yet, most people who buy it don’t really know what they’re paying for. That’s not entirely surprising. When something is purchased
Purchasing car insurance is easy enough; you compare the cover, make the payment and leave. The harder part comes later, when something actually goes wrong, and you have to navigate how to claim car insurance under stress. Motor insurance in India is controlled by the Insurance Regulatory and Development Authority
Motorbikes are widely used across India for daily commuting, errands, and in some cases, income generation. Most vehicle owners usually give more attention to aspects such as maintenance and servicing, but there is one very important aspect that they usually miss out on, and that is insurance coverage. It is
What is zero depreciation in car insurance, and why is it widely discussed among vehicle owners in India? This add-on cover, also known as bumper-to-bumper insurance, plays a significant role in determining how much claim amount you receive after an accident. Insurers typically deduct depreciation on the parts that are
Buying a used car is a practical choice for many Indians, owing to the significant cost advantage over a new vehicle. However, insurance is one aspect that buyers often overlook when finalizing a purchase. Driving without valid insurance exposes the owner to financial risk and is a legal violation under
Now checking if your motor insurance policy is active or not is no longer a tedious task. Digital platforms and government-backed databases allow you to easily verify details of the policy with your vehicle registration number or policy details. These online methods work especially well when you are buying a
