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Home insurance - Best Family Floater Health Plans in India

There are two components in home insurance policies. They are-

Building insurance Content insurance

Building Insurance – Building Insurance covers only the structure of the house and not the contents of the house. The policy covers the reconstruction cost and it is calculated only for the built-up area, as per the construction rates fixed by insurance company. The policy provides protection against natural disasters like flood, earthquake, storm, cyclone etc. and also for man-made disaster like strikes, riots etc.

Contents insurance – Contents insurance comes with an insurance cover that protects the valuable belongings of an individual in a house. This may include precious jewelry, electrical appliances, furniture etc. This is particularly beneficial for those living in rented accommodation. But an important thing that one should keep in mind while opting for such type of cover is that the policy does not include cash, stocks, bonds and antique items in their insurance cover. The insurance cover can be taken for protection against earthquake, burglary, damage due to fire, short- circuiting etc.

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Travel Insurance - Personal accident insurance

Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage, flight accident and other losses incurred while traveling,

Travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a "multi-trip" policy can cover an unlimited number of trips within a set time frame.

Features of Travel Insurance

The most common risks that are covered by travel insurance plans are:

• Medical treatment, including transportation to the medical facility.

• Cancellation, curtailment and trip interruption

This section covers any unused travel and or accommodation costs, pre-paid charges (including any additional travel expenses incurred, provided they are deemed reasonable and necessary) if a trip is canceled or cut short under a variety of circumstances, which may include any of the following, depending on the policy:

• death, bodily injury, illness, disease, or pregnancy complications

• compulsory quarantine

• jury service

• being called as a witness

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Pension plan - Best family health insurance plans

We all work hard through our lives. When we retire we want to live a relaxed peaceful life, living at a standard we lived in our working years. Keeping inflation and seizing of work in scenario, we should save a small part of our earnings in an investment which grows at the rate of inflation or more, that will help us accumulate corpus for a peaceful retirement, with a steady annuity, which helps us maintain same standard of life all through. That is steady income like sum assured to meet our daily expenses and to amount to meet the expenses in time of emergency.

Pension or retirement plans are savings and protection plans. It’s a multi-functional insurance plan with Investment/ saving for corpus, death benefit, survival benefit, regular income and tax saving.

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Health insurance for child in india

Children are biggest treasure in every parents life. Parents dream about their children’s bright future. To make these dreams to come true planning and investing in right time is important. Its essential to plan for their education, higher education, carrier or marriage. Their futures should be bright in our presence and absence.

Child education plans offers both protection and savings. Child plans are designed to provide goal based financial security to your child for their education, marriage, carrier or create a corpus for their future requirements. Their future is protected while you are there or in case of any unexpected happing or unfortunate demise. Their life will be as you imagined with you or without you. This a goal based insurance so set your goal and save amount accordingly.

Features of Child plan

Mostly these are taken on parent’s name, which would benefit the nominee child in case of untimely demise of the earning parent.

Age at which you are expecting sum assured amount minus current age should be your policy term. In current market rate amount you want for a goal you set, add inflation of 6-8% to it that will be your sum assured.

Insurance can be taken on the lives of children, who are not majors. The proposal will have to be made by a parent or a guardian

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Know About Cancer Insurance Plans and Why You Need It?

Cancer is one of the most dangerous diseases and everyone knows that it is a lethal disease that requires a lot of money for the proper medication and treatment. But, we all know that it is not easy for an ordinary man to spend a lot of money on treatment and medication. It is very difficult to collect a huge amount of money to spend on the treatment required for its cure. In such situation, cancer insurance plan is an effective way to reduce the burden of cost of cancer treatment.

 Cancer Insurance is the type of supplement health insurance plan that helps to cover the risk of cancer and reduce the expenses of cancer treatment. It is specifically designed to cope with the modern time medical expenses covering additional cancer cost that may be covered by one's current policy.

 You need not have to possess a pre-existing cancer condition to be eligible for insurance.

 What Does Cancer Insurance Plan Cover?

Insurance coverage for Cancer varies based on the insurance company and policy details but most plans cover both medical and non-medical expenses. Medical expenses include extended hospital stays, medical tests, procedures like stem cell transplants and other diseases specific treatments and more. Some of the non medical expenses include home health care, loss on income benefits, child care expenses and dietary restriction aids.

 Before buying a cancer insurance plan, it is quite important to understand that what is covered in the policy. You should also be careful to compare the benefits with your current health insurance plan to see if there is any overlap in coverage. It is not necessary to buy a new cancer insurance policy plan if your existing health insurance plan covers all the events.

 Is there a need for Cancer Insurance Plan?

 There is always a discussion about disease specific health insurance plans, like cancer insurance. Some people firmly believe and support them, while others think that it is just waste of money as they are junk plans and are rarely needed.

 But according to American Cancer Society, one into two men and one in three women can develop cancer in their lifetime. And to overcome this dangerous disease expenses, there is a step you can take to overcome expenses on diagnosis of cancer.

 With a good cancer insurance plan in place along with your health insurance, treatment does not have to be economic strain. SWFL insurance firm offers affordable insurance solutions for cancer that can help offset the costs of:

 • Out of network specialists

• Experimental treatments

• Travel and lodging expenses related to treatments

• Child care costs

• Day to day expenses - bills and mortgage payments

 If you have strong family background of the history of cancer, then it is better to go for insurance plan for the decease cancer. People with strong family background may look at the current health policy and how can current plan include cancer insurance.

 So, it is better to go for insurance policy for Cancer to reduce the cancer treatment expenses if it has been diagnosis.

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Checklist of things to know before buying Car Insurance

From comfort to passion, from romance to thrill and to escape the daily grill there are endless reasons why you buy a car. However, when you have a car, you also have the responsibility to take care of it. And what would be the best way than buying a Car Insurance! It enables safety, financial backbone and ease of life. Living in the metro cities like Mumbai, which is one of the busiest and crowded cities, you never know when harm can happen to your property. So better safe than sorry!

In India, if you possess a vehicle, like a car or a bike then it’s mandatory to have an Auto Insurance handy. But is this reason enough to get convinced to buy car insurance? Yes, No, Maybe!

Here is a checklist of things you ought to know, before opting for Car insurance.

Choosing the right car insurance policy can be a little tricky if you are not pro-efficient enough. For this, you need to understand the types of policies available in the market. There are different types of Motor Insurance policies like Car Insurance, Two Wheeler Insurance and Commercial Vehicle Insurance. Out of which, car insurance is the fastest growing business.

Various companies have exclusive deals comforting your car needs. Just surf the internet to recognize the ideal one. You can check this website called compare4cover which offers good deals and all the facilities you seek in a car insurance policy. Don’t get jumpy over low premium scheme just because it’s affordable. Not necessary that the lowest premium is always the best one. So ensure you don’t fall into that trap because admit it or not we are easily tempted by the words Discounts and Offers.

While buying car insurance in India, make sure you know the Insurer Declared Value (IDV) for the car. There are certain companies who try to allure you with lower premium by decreasing their insurer declared value.  IDV is the maximum amount you can claim in case of vehicle damage beyond repair or vehicle theft. Therefore always aim for highest IDV with lowest possible premium.  

What are the benefits of Car Insurance?

A car insurance coverage is a protective umbrella for all these problems-

Bodily Injury - covers all bodily injuries caused during an accident.

Property damage – covers the damage caused to your car and third party damages like another person’s car.

Medical disbursement- covers all the people who suffered in a car accident including the policy owner.

Calamities- Covers both natural and manmade calamities like fire, rockslide, landslide, storm, flood, earthquake, burglary, theft, riots or any damage caused to the vehicle in transit by road, air, inland waterway or rail.

The coverage differs from company to company. There are comprehensive plans which cover all the above-mentioned liabilities. If you are paying a high premium you may also get extra cover for loss/damage to electrical/electronic accessories which are added bonus to your car insurance cover.

Always confirm that the insurance provider which you select has the highest claim settlement ratio. Take note that the company is capable of providing hassle-free cashless claim.

We hope you remember all these points before buying any car insurance policy and hit the road without any worries!

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Why We Love Insurance (And You Should, Too!)

Managing your finances is never a cake walk but if you learn the art of financial planning, you can get the money to work in your favor. In an era where expenses are 3X higher than what you earn, you need to adopt the smarter ways to fight the financial battle that hinder the security of your blissful world.

How to safeguard your prestigious assets?

The very solution that is quite evident but not considered a wise choice is an Insurance policy. The fact that you need it but don’t want to admit it certainly makes insurance a necessary evil in your life. You are surrounded by numerous dilemmas like ‘Insurance is just like any other investment or tax saving tool’ but there are people who have decoded the real benefits of buying an insurance policy which I am going to break it down for you.

Secure life secure finances

The top most benefit of buying insurance is Life security. Buying the best insurance policy is one ideal investment to secure your finances. You never know when your world will turn upside down and put you into life’s toughest test. In such a situation being insured means half the battle won! You don’t need to stress out about your medical bills and other inpatient expenses because the disbursement is done by your insurance companies.

Savior during Financial Emergencies

Another benefit of having an insurance policy handy is to have a strong source to bailout during financial emergencies. These emergencies can be anything from a sudden crisis to a business requirement. You can get immediate loans against your Insurance policy which can be utilized to fulfill your instant financial needs.

Long term Maturity Perk

Won’t you be overjoyed to have a lump sum amount as savings in your bank account after a decade? An Insurance policy simply helps you save a lot of money and reap the benefits of the same when the policy matures. It acts as an alternative resource to invest your money for your future essentials, in safeguarding your loved ones and your family.

These are few advantages of an Insurance policy which you can practice for a sharp approach to life. All you need to do is identify the trick to compare & buy insurance that meet your needs. This way you will save your assets more effectively without risking it for wealth.

Select out of the Top insurance companies in India and opt for the one that works for you. Look for the best quote for the policy premium which is likely to benefit you in the whole. And that’s it!

So why wait? Buy an Insurance Policy and make your life easy!