Did You Know: In compliance with the Motor Vehicles Act, 1988. whenever you purchase any car or two-wheeler, your motor insurance comes as part of the deal and the price is inclusive of the insurance premium. However, this insurance is usually valid for only one year and the owner is then required to renew the policy. In India, it is legally mandatory for all vehicle owners to have...

  In India, motor insurance is a mandatory requirement for all types of vehicles, including cars and two-wheelers. Motor insurance acts as a reliable financial asset that provides security in case of unfortunate events, such as an accident. The popularity of this particular insurance is evident from the fact that in 2018 the motor insurance market accounted for approximately 39.4% of the...

  As per Motor Vehicles Act, 1988, it is mandatory to protect your car with adequate insurance. While buying a car insurance policy, insurance companies offer a wide range of add-on covers so as to make your insurance work better for you. Key Reasons To Consider Add-On Car Insurance Covers: Having an add-on cover with car insurance is like an extra protection that safeguards you...

  Thinking of claiming a minor loss from your insurer?  Make sure you know about No Claim Bonus, a crucial feature often overlooked in the car insurance policy. It can help you save up to 50% on your renewal premiums. What Is No Claim Bonus? The car insurance company rewards its policyholders with a No Claim Bonus for the previous claim free year/s. The insured gets a...

  Rising fuel prices do not seem to have made a dent to the bumper-to-bumper traffic during peak office hours. Don't we just love to take out our vehicles and go for a spin or a weekend getaway? However, it's not only your car, but also your car insurance that can make you happy. Of course, you know that it is mandatory by law to have car insurance" but are you aware of the number of benefits...

Car insurance in India is a legal mandate for all car-owners. If you own a four-wheeler and you wish to drive it on the roads, you should have an active car insurance policy at all times. However, the legal requirement is only for a third-party liability cover and not a fully comprehensive cover. Confused? Did You Know: Third-party cover and fully comprehensive car insurance cover are two...

  Cost of owning a car these days is already sky high, thanks to the burgeoning fuel prices. Add to it, car insurance premiums, and it really doesn't get better. However, if you're smart about it, you can save up on car insurance costs. Here's how: Compare insurance quotes before you purchase the car Car insurance rates are affected by more than just the value of the...

A car is a prized possession for many; a single scratch on your brand-new car can get you repenting for days over how you could have avoided it. And the most unique part is that, unlike other brand-new objects you purchase, your obsession with your car never fades over the years. Therefore, why should you allow your prized car’s life to be limited to a small span? Here’s how you can extend the...

  Key factors why Indian roads witness high number of accidents: High population Heavy traffic Rash driving Sub-standard road quality and infrastructure Lack of easy access to medical aid on highways 5 important road safety best practices to protect yourself and others from accidents:   Always wear your seat belt: Wearing a seat belt at all times while driving is the most basic...

  Types of car owners who tend to make these common mistakes: New car owners Non digital-savvy car owners Second-hand car owners Price-conscious car owners Busy car owners Why people make these common mistakes: Having car insurance is as important as having a car. Yet when it comes to buying a car we invest a lot of time and make efforts into finding the best one but don't do...

Escalating costs of healthcare and benefits have encouraged people across to opt for various health insurance options provided by insurance companies. People prefer companies that have extensive hospital networks and especially cashless facilities. Managing a wide network and ensuring customer support directly is time-consuming, cumbersome, and expensive, that's where Third Party Administrators...

Health Insurance: Attaining Treatment and Paying Taxes Becomes Hassle-Free. The policy which equips you to attain the best medical treatment without any fret regarding heavy medical bills at discharge time can be referred to as a health insurance policy. It is vital in fast-moving today's life where people are always hustling, which results in an increasing health conditions. Therefore, having...

Medical costs are constantly rising due to the growing demand that results from our burgeoning population and the increase in lifestyle diseases. This makes it crucial for people to avail health cover from an early age. Until a few years, pre-existing conditions, critical sicknesses, and outpatient expenses were outside the coverage available under medical insurance. An increase in the...

The Insurance Regulatory and Development Authority of India (IRDAI) has established some standards and guidelines regarding the coverage of insurance policies in India. Arogya Sanjeevani policy is an IRDAI initiative that is aimed towards providing an easy-to-understand and accessible health insurance policy to people. Arogya Sanjeevani falls under the category of SHIP or Standard Health...

A health insurance policy is a contract between an individual and the insurance company. The contract binds the insurance company to provide medical coverage to the policyholder. In turn, the individual pays a pre-decided premium to the insurance company. The premium amount is decided based on different factors, such as age, medical history, and the income of the individual. Understanding...

Importance and Types of Health Insurance Claims In contemporary times when life has become so uncertain, dealing with health mishaps is a real struggle as such can cost a fortune. Royal Sundaram is one of the most trusted insurance organizations which have come up with different policies which can help you with your financial struggles amidst medical emergencies. There are two types of claims...

Over the years, medical technology has made massive progress, making it possible for human life expectancy to increase by decades. However, at the same time, changes in lifestyle and various environmental issues have led to setbacks in the overall health of an average human being. In such conflicting times, the safest bet is to invest in a health insurance policy, which can provide the...

Did You Know: Maternity insurance is often available after a 3-4 year waiting period. For this reason, it is important to purchase insurance with maternity coverage as early as is possible. Do not wait until you are pregnant or have decided to start a family to buy insurance, as you will most probably lose out on all the benefits of maternity insurance. Healthcare costs are soaring and growing...

When you spend hours every day doing the same old stuff and following the same routine, a change seems like the best thing, especially if you can spare some time for it over the weekend. Now, if you have a penchant for cars, a road trip can be an ideal way to shake up things and explore new places and possibilities. In fact, you can certainly make the most of your weekend by heading on a long...

As a car owner, it can be overwhelming to understand the various aspects associated with mandatory car insurance. For instance, long-term third-party car insurance cover was introduced only a couple of years ago. Here’s everything you need to understand its importance and how you can benefit from the same. The history of long-term third-party car insurance After the Supreme Court of India...