Many car owners in India do not have a clear idea about the real cost of car insurance because the final price depends on several factors at once. For example, consider the car’s age, model, city, insured value and add-ons. These all can change the premium in different ways, which
In India, it is legally required for every vehicle to have a valid third party insurance car insurance. It is the minimum insurance requirement set by the Motor Vehicles Act, 1988 and protects you against legal liability if your vehicle causes injury, death, or property damage to a third party.
Motor insurance coverage acts as a much-needed financial relief in case of accidents, theft, and even natural disasters. You’re in luck if your vehicle is insured. All you have to do then is make an insurance claim to compensate for your losses. However, before the insurance company covers the damage,
Life insurance is a basic policy that offers financial security to your family upon your demise. But lots of policyholders and prospective policyholders are in the dark about how particular aspects of their lifestyle, most notably, drug use, can affect whether a claim on life insurance gets paid or denied, and
Retirement planning is no longer put on the back burner. It’s actively considered for a safer financial future in old age. With inflation and rising healthcare costs, it’s crucial to invest in retirement planning, starting early. This is where a traditional pension plan helps. It helps you stabilise your income
Health insurance is very useful when you need immediate money for medical treatment or hospital care. But many people face one common problem when they actually need it. They do not know their health insurance policy number. This number is very important because it helps the insurance company find your
When a new employee joins a company, they naturally expect their health insurance to protect them from day one. In reality, many only discover the waiting period when they try to make a claim, often during a medical emergency. This clause may look very simple in the policy document, but
India’s medical inflation is becoming a growing concern for households reviewing their health insurance, with industry estimates placing annual medical-cost increases at around 12-14%. Rising hospitalisation and treatment expenses could gradually reduce the adequacy of existing covers, particularly for families relying on fixed sums insured over several years. The issue
ICICI Prudential Life Insurance is set to adopt a new corporate identity as ICICI Life Insurance Limited, following a proposed change linked to Prudential Corporation Holdings’ restructuring of its India insurance business. The move has raised questions among existing policyholders about their policies and benefits. The company’s board approved the
Fire insurance premiums fell nearly 31% year-on-year in July, extending a sharp decline in the segment as insurers compete aggressively for business. The latest fall has opened a potentially favourable pricing window for property owners reviewing their insurance protection. According to industry data reported by the Economic Times, fire insurance
