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My First Blog Post

Be yourself; Everyone else is already taken.
— Oscar Wilde.

This is the first post on my new blog. I’m just getting this new blog going, so stay tuned for more. Subscribe below to get notified when I post new updates.

What Does Car Insurance Policy from National Insurance Company Limited (NICL) Cover?

National Insurance Company Limited is a well-known name in the industry of top insurance players. NIC was incorporated in the year 1906. It has its headquarters in Kolkata. National Insurance is wholly maintained and operated by the government of India. National car insurance offers a range of coverage. The company is the oldest provider of general insurance solutions in India.

The company offers two types of covers for car insurance renewal:

Liability Only Cover

This is an obligatory motor insurance plan as per the Motor Vehicles Act 1988. All the owners of motor vehicles must make sure that they have this motor insurance plan to become legally eligible to drive their cars on road. National third party car insurance covers the followings:

Any Injury or Death of Third Party in case of an accident
The policy offers compensation against Property Damage
Package Cover

The package policy is basically the comprehensive car insurance policy, which is always recommended by the owners of all motor vehicles since this car insurance plan covers third party loss or damage as well as own damage. The coverage of the package National car insurance policy is below.

Covers accident from/by Fire, External Means ,Self Ignition, Explosion and Lightning
Any damage to the vehicle while it’s in Transit by Road, Rail, Inland Waterway, Air, and Lift is covered under this plan.
Protection to the vehicle against man-made calamities such as Terrorist activities, Riots, Strikes or Malicious Acts.
Package motor insurance policy from National Insurance Company covers Theft, Burglary, House breaking, etc.
Damage to the vehicle from Natural Calamities such as Earthquake, Flood, Storm, Landslide, and Rockslide are also covered under this comprehensive car insurance plan.

There’s no denying the fact that the National Insurance Company offers good coverage at an affordable premium when it comes to motor insurance renewal. However, it is always advisable to compare different car insurance plans available to avail the best protection for the best price.

Buy the Best Life Insurance Plan in India for the Best Price

Life insurance is a must today. Considering the ups and downs of life coupled with the pandemic that the entire world is going through, life insurance is a must to have. Since there are various life insurance plans today, it could be quite tricky to choose the right life insurance policy. In addition to that, finding the right type of life insurance plan for the best price is not easy.

You can put all your faith on the insurance agents since they are always after making the highest commissions. Selling life insurance is just a vocation for them. Little do they care about the protection of your family or saving your money.

This is why it is always advisable to compare different life insurance plans online. It will bring you all the top life insurance policies from all the insurers under your fingertips. In addition to that, online comparison of different types of life insurance plans will educate you about its different features and benefits. And not to mention, it will help you unearth the life insurance policy of your very own preference in exchange for a premium that is not heavy on your pocket.

So what are you waiting for? Click here now to compare the top life insurance plans online and avail the best cover.

Some Features of Coronavirus Insurance Policy

We cannot stop the virus from spreading. But what we can do is take precautions to keep ourselves and our family safe. Only wearing masks and practicing social distancing is not enough since we can see in the news that these are not rightly followed by the citizens.

So have you thought, in case you or any of your family members come in contact with the virus, how would you deal with the treatment expenses?

This is why corona insurance is needed. An insurance policy for coronavirus will keep you and your loved ones protected. You will not have to worry about the treatment cost.

Let’s have a look at some of the features of coronavirus insurance:

Covers medical expenses incurred for treatment up to 30 days before the date of Hospitalization and recovery period of 60 days Post Discharge from the Hospital during the treatment of Insured Person due to positive diagnosis of COVID-19.

Medical expenses incurred during Quarantine, starting from the 4th day of Quarantine for a maximum of 15 days during the Policy Period.

Covers expenses on availing Road Ambulance Services about Hospitalization of Insured Person due to the presence of COVID-19.

A Lump sum amount is paid to the surviving Insured Person after his/her discharge from a minimum of 14 days of Hospitalization.

An opted Daily Cash* payout is offered to the insured Person every 24 hours of Hospitalization starting from the 2nd consecutive day of Hospitalization (OR) 4th consecutive day of Quarantine for a maximum of 30 days.

So what are you waiting for? Opt for a COVID-19 insurance policy now and stay on the safe side.

How Effective Is Online Life Insurance Buying?

Today the entire world is online. Everything is accessible in a few clicks. And in the age of smartphones, everything is in our fingertips. From vegetables, medicines, grocery to clothes or ordering your favorite food online, we can get access to almost anything today – online. life insurance too, in this aspect, can be purchased today online without any hassle.

By visiting the official website of your life insurance provider or by simply logging into any reliable insurance broking portal, you can instantly buy the life insurance plan of your choice.

But Why Should I Buy Life Insurance Online?

To answer this question, when you buy life insurance online, you will be able to see the different benefits of the policy.

In addition to that, you will have access to all types of different life insurance companies and their plans. You will no longer have to rely on your insurance agent.

You will not have to pay any commission to anyone. This way you will be able to save on the premium.

What’s the best benefit of purchasing life insurance plans online is that you will be able to compare different plans online in a few clicks of a mouse.

You can buy the life insurance plan of your choice anytime, from anywhere, as per your convenience.

A few clicks, and the best life insurance policy will be at your inbox in no time. You may also become eligible for attractive discounts when you buy life insurance plans online.

You can compare different plans based on the claims settlement ratio of the company, coverage, premium, etc.

You know what’s more? Buying life insurance online gives you the freedom to go for the plan you want.

You can pay the premium online securely. And in the event of any issues, you can always get in touch with the customer service representative of the company online instantly.

After you have purchased a life insurance plan, you can effortlessly pay the premium online too. Apart from all these, with online purchase of life insurance, you will get the best protection for the best price.

So what are you waiting for? Buy the life insurance plans of your choice online now, without any delay. In the meantime, you can click here to check out some of the top life insurance plans from the best life insurers online in India.

Life Insurance Claim Process

When we buy a life insurance policy, we consider several factors like the price, the sum assured of the plan, policy coverage, exclusions and so on. It is equally important to know how to make a life insurance claim in case the worst event happens.

In addition to that, the nominee or family members should also be conscious of the process of filing a claim. Note that there could be two scenarios for filing a claim:

Have a look at the general process and documents required for filing insurance claims under both the scenarios.

How to File a Death Claim?

When a person with a life insurance policy called “life assured” – dies, a claim intimation should be sent to the insurance company as early as possible. The nominee or the assignee under the policy can do this. Any close relative of the insured or the agent who oversees the policy may also do the needful.

The claim intimation should comprise of some important information like the date, place and cause of death. The insurance agent must help the life assured’s family or assignee to deal with the insurance company to fulfil the formalities for a claim.

After this, the insurance provider will respond to this intimation and will inquire for the following documents:

Certificate of death

Policy document

Filled-up claim form (provided by the insurance company)

Deeds of assignments/ re-assignments (if any)

Legal evidence of title (if the policy is not assigned or nominated)

Form of discharge executed and witnessed

Other documents such as the following could be called for, as applicable, medical attendant’s certificate, Police inquest report, Hospital certificate, Employer’s certificate, Post mortem report, etc.

However, the requirement of these documents depends on the cause of death.

How to File a Maturity Claim?

When a life insurance policy is reaching its maturity, the insurance company will generally send intimation to the policyholder along with a discharge voucher at least two to three months in advance of the date of maturity giving details such as the maturity amount payable.

In this case what the policyholder has to do is to sign the discharge voucher, which is like a receipt, get his signature witnessed and send it back to the insurance company along with the original policy bond to enable it to make the payment.

If the policy has been assigned in favour of any other person or entity, such as a housing loan company, the claim amount will be paid only to the assignee who will give the clearance.

Why to Buy Life Insurance Early?

Everyone is more or less familiar with life insurance. However, not everyone is acquainted with its important and benefits. Still, a huge chunk of our country’s population thinks it’s a waste of money to buy life insurance.

Although they understand their fault at a later point in their life, it becomes harder and harder to get life insurance then. This is the reason why life insurance policies require instant action. If you ignore it today, chances are, you will regret your decision later. The earlier you buy a life insurance plan the better it will be for you.

Let’s have a look at some of the benefits of buying life insurance early:

Early bird gets the best deal. Period. When you do not make any delay in buying life insurance, you will surely get to feel its benefits for real. You will get the best plans suitable for you.

One of the best benefits of buying life insurance early is that it will be lighter for your pocket. It means you are likely to pay a lower premium when compared to purchasing it later.

If you aim to buy life insurance at a later stage of life, you might not get the plan what you want. Even worse, the insurance company pay even reject your proposal since the age of the buyer is a critical factor in terms of buying life insurance.

If you buy life insurance, you are likely to get good returns for your policy. At the same time, you will be worry-free from any unforeseen circumstances that could happen to you. You will be more financially secure and your family will be protected.

So by now, you already know why it’s important to buy life insurance as early as possible. Do not take any chances, it will pay you back and protect you. So without further delay, buy life insurance, today!

Why to Buy Life Insurance Early?

Everyone is more or less familiar with life insurance. However, not everyone is acquainted with its important and benefits. Still, a huge chunk of our country’s population thinks it’s a waste of money to buy life insurance.

Although they understand their fault at a later point in their life, it becomes harder and harder to get life insurance then. This is the reason why life insurance policies require instant action. If you ignore it today, chances are, you will regret your decision later. The earlier you buy a life insurance plan the better it will be for you.

Let’s have a look at some of the benefits of buying life insurance early:

Early bird gets the best deal. Period. When you do not make any delay in buying life insurance, you will surely get to feel its benefits for real. You will get the best plans suitable for you.

One of the best benefits of buying life insurance early is that it will be lighter for your pocket. It means you are likely to pay a lower premium when compared to purchasing it later.

If you aim to buy life insurance at a later stage of life, you might not get the plan what you want. Even worse, the insurance company pay even reject your proposal since the age of the buyer is a critical factor in terms of buying life insurance.

If you buy life insurance, you are likely to get good returns for your policy. At the same time, you will be worry-free from any unforeseen circumstances that could happen to you. You will be more financially secure and your family will be protected.

So by now, you already know why it’s important to buy life insurance as early as possible. Do not take any chances, it will pay you back and protect you. So without further delay, buy life insurance, today!

Top 5 Reasons to Buy Life Insurance

Although buying life insurance should be as important as buying essential commodities, some still do not consider it as significant. So let’s have a look at these 5 reasons to buy life insurance:

Life is not guaranteed. Anything could happen at any moment. It is important to build a stress-free future for your family in case you do not stay in person to take care of them tomorrow. Hence, life insurance!

Life insurance can be purchased for the fulfillment of your long-term or short-term goals.

Life insurance gives you a sense of peace that your family and loved one will be financially taken care of even if you do not be there. It can also be helpful for your retirement years.

You can avail income tax benefits under section 10 (10D) of the income tax act.

Life insurance can play a big role for those who wants to build a corpus through systematic savings. Life insurance plans with investment options can help you get big return on maturity.

We do not buy life insurance because we are going to die. We but it because our loved ones are going to live. Securing their life financially should be your very first priority. So what are you still waiting for?

Buy life insurance right this moment because tomorrow may never come. In addition to that, you are likely to pay higher premiums when you buy life insurance later. So but it today and secure your family’s future. Before buying a life insurance plan, do not forget to compare different plans online to have the right and best coverage for the best price.

8 Life Insurance Terms That You Must Know!

In India, the typical dispersion and density of life insurance is merely 2.76%. Although there have been some improvements in this aspect, the overall progress has been quite slow in the country. On top of that, a big chunk of people are still not aware of the benefits of life insurance policies and the numbers for policy penetration are an indicator of the same.

Mishaps and accidents are sturdy indicators of how easily broken human life can be and how important it is for us to insure our lives in a systemic way. Life insurance is a significant tool in terms of providing an individual’s family with both security and safety.

Life insurance policies act as a defensive cover to protect the insured’s dependents too. In case the individuals do not insure their lives, their dependents wind up facing the catastrophic loss of their loved ones together with the mounting liabilities like loans, rent, child services, EMI’s, etc.

It should be clear by now that life insurance is a vital requirement for families in order to feel safe and secured. It offers a sense of financial protection and confidence to carry on with yours and your loved ones lives without losing yours or theirs everyday constancy.

To help you understand some of the important terms associated with life insurance plans, here’s a quick guide:

Policyholder: The term policyholder is basically referred to the individual who pays the premium against the life insurance policy that is purchased. The policyholder signs a life insurance agreement with a life insurance company.
Premium: A premium stands for the cost of the policy that the policyholder has to pay to the life insurance company for covering his or her life. These premiums could be paid on a yearly or monthly basis, depending on the type of policy or plan the policyholder chooses to sign up for.
Maturity: Maturity is basically the stage at which the policy term is completed. After the policy matures, the life insurance contract ends.
Insured: The term insured basically stands for the individual whose life is basing secured via the life insurance plan. After his or her death, the insurance company is responsible in terms of providing financial amount (Sum Assured) to the nominee or dependents.
Sum Assured: The term Sum Assured is the amount that the life insurance company pays the dependents/nominee of the insured in case those events take place which are specified in the life insurance agreement.
Policy Term: Policy term basically indicates the specified length of time listed in the life insurance contract against which the life insurer offers a life cover. It stands for the time period during which the life insurance agreement is in force. The policy term is listed in the life insurance contract.
Nominee: A nominee of a life insurance policy basically stands for an individual listed in the life insurance agreement. The nominee of the policy is entitled to get the predetermined compensation, as a part of the life insurance policy.
Claim: In the event of the unfortunate demise or death of the insured, the nominees can file a claim with the life insurance company in order to receive the predetermined payout amount.

Inference:

As previously in this article I had already put the light on the fact that most of the people in India do not have a life insurance policy, and even if some of them do, they are not well acquainted with the hard terms of a life insurance policy.

Without knowing the basic life insurance terms it could be really hard to choose and buy the right cover. It may cost you later in the long run. This is why it calls for immediate action to know these glossaries associated with life insurance plans.

Also, if you are lost in the middle while looking for the perfect and ideal life insurance policy for you or your family then let us offer you a helping hand.

We guarantee to fetch you the life insurance policy that suits you the best in terms of Sum Assured offered, premium, returns, coverage, policy tenure and much more. Click here and find out which top life insurance policy that awaits you on the other side.