Insurance Policy

Insurance-Nominee

Everything you need to know about Insurance Nominee

Having an insurance policy for our loved ones is important for ensuring a better future. In case of if anything unfortunate happens with you, the dear ones receive the amount from the insurer. Here the ‘Dear one’ known as the nominee of the policyholder. In order to keep the claim process hassle-free, you need to fill the nomination column carefully. Here is everything you need to know about Insurance Nominee. It will help you realize the importance that why [...]

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Sub-limits in a health insurance policy and their importance

Sub-limits in a health insurance policy and their importance

Buying a health insurance may be easy but selecting a plan that meets your needs is not that easy. There are various features such as day care procedures, waiting period, co-payment, deductibles and cashless cover that form the basis on which you can compare health insurance plans. However, one of the major key deciding factors is the sub-limit. A sub-limit is an extra limit in an insurance policy’s coverage of certain losses. These losses are a part of the original [...]

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Best tips to Save Money on your General Insurance Premium

Best tips to Save Money on your General Insurance Premium

When we talk about General Insurance, it’s all about the Insurance products such as Health Insurance, Motor Insurance, Travel Insurance and Personal Accident Insurance etc. The domain of Insurance coverage is divided into two categories – Life Insurance and General Insurance. Life Insurance products don’t come under General Insurance. There is a short-term period contract between the insurer and the insurance company for all General Insurance products. For which the Insurer has to pay an amount as a premium [...]

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Know your duties as a policyholder, while you buy an Insurance Policy

Know your duties as a policyholder, while you buy an Insurance Policy

An insurance cover is often not as simple as it sounds. With the growth of the internet, there is a variety of insurance coverage available to compare in the market. They offer different types of offers and discounts. And because of these lucrative offers sometimes we miss out some of the important aspects of what we are buying. The Insurance Regulatory and Development Authority ( IRDA) has also laid down some attributes of a smart policyholder. At the time of buying [...]

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