Sometimes even a small accident or mishap can throw your financials out of gear.Get insured to be prepared for those trying times.Accident Shield Online Insurance is a worldwide, Personal Accident Cover that is specially designed to protect you from the following unforeseen events - Death, Total Disability and Permanent Partial Disability. This comprehensive policy will help your family meet its financial commitments in the hour of need.This is available for the age band between 5 to 70 years. The proposer's age should be between 18 to 70 years.Key Benefits- Instant Coverage- No Medical Examination- Worldwide Cover- Three...
Other Benefits of Car Insurance Online
- Special Model Wise Discounts on Own Damage Premium for your car.- Discount in premium up to 5% on the Own Damage Premium (or) Max of Rs. 200/- for a valid Member of Automobile Association of India.- Discount in premium up to 2.5% on the Own Damage Premium (or) Max of Rs. 500/- on Installation of Anti-Theft Device in your car.- Discount of Rs. 100/- in Third Party Basic Premium on reduction in Limits of Liability for Third Party Property Damage.- Discount of 35% on Own Damage Premium subject to a maximum of Rs. 2,500/- on opting maximum voluntary deductible of Rs. 15,000/-- Transfer of No Claim Bonus (NCB)...
Important Features of Car Insurance Online
This Car Insurance Online governed by the India Motor Tariff Act. The key features are:- Protection from loss of car or damage to your car.- Unlimited Liability for Third Party death/ injury Claims.- Indemnity for third party property damage up to a limit of Rs. 7.5 lakhs.- Speedy authorisation of repairs to get your car back on the road.- Personal Accident Cover for you, your paid driver and the occupants in the car.- Customer Helpline to give you support and guidance when you need it.- Efficient and worry free claims service to give you peace of mind.- First Information Report is not required (Unless legally mandator...
3 Important key reasons to renew your policy on time!
Health Insurance – 3 key reasons to renew your policy on time! Did you know it is not enough to merely get yourself a Health Insurance Policy, it is very important to renew it on time, before the expiry date every year to get the full benefits of a Health Policy.Though some insurers allow certain days of grace period after date of expiry for renewing, Your health/mediclaim policy should ideally be renewed at least 10 to 15 days before the date of expiry to ensure you do not lose the continuity benefit that comes with a Health Insurance cover.Here are 5 important reasons why you should continue to renew your health insurance...
A Hospital Cash Insurance policy is supplementary to your Health Policy.
Hospital Cash Insurance Policy is not a Health Policy, it is a daily cash benefit insurance which helps you meet miscellaneous expenses during hospitalisation which are not even covered by regular health insurance.Hospital Cash Insurance and Health Insurance are not the same. The compensation provided by Hospital Cash Insurance does not cover the cost of medical treatment. While a Health Insurance policy only covers the cost of medical treatment incurred by the policy holder, Hospital Cash acts as supplementary to health insurance as it provides cash benefit aimed towards:Special diet expenses of the patientTo and fro conveyance...
What is Critical Illness Life Insurance?
There are several policies on the marketplace that offer coverage for various reasons. Critical Illness Life Insurance offers a coverage for critical ill conditions. If the policyholder is "diagnosed" with any type of illness that is long-term then the policy will payout "tax-free" lump sums of cash to the policyholder.The Critical Life coverage provides a 'list' of diseases, including incurable illnesses that the insurance policy will defend. In addition, if the policyholder fall victim to an accident or incident, the policy will cover...
PAYING FOR HOME CARE
Planning ahead is crucial in this sensitive area Just like everything else, the costs of care for the elderly increases over time, which means the need for planning for this possible future financial burden has become more important. Currently, the average annual fees for a private nursing home in England is £25,552 and for a residential home £18,420, which can put quite an extra financial burden on those needing care, or in many cases the families of those needing care. Even opting for community home care doesn’t come cheap. Based on 7.25 hours home care a week, the average cost is currently £7,228 a year. (source:...
A FINANCIAL SPLIT DECISION
Breaking up is hard to do, and so is splitting your assets They say the three most stressful events in your life are death of a close relative, moving house and divorce. The third of these, divorce, unfortunately not only causes massive emotional stress, but in many cases also involves significant financial upheaval as well. At a time when emotions and feelings are running high, it is often very difficult to keep a level head when it comes to sorting out the financial implications of divorce or separation. However, negotiations to divide the marital assets will be high on both ex spouses’ agendas. The financial implications...
GCC leads decline in global sukuk issuance
The Gulf Co-operation Council (GCC) region led the decline in global sukuk issuances in the first half of this year, according to a study released yesterday.Global sukuk issuances continued to decline in the first half of this year, reaching $9.23 billion (Dh33.8bn) at the end of June 30, 20 per cent less than the same period last year, said London-based Islamic Finance Information Service (IFIS).However, it expects that the Gulf recovery will begin in the first quarter of next year. This year, South East Asia returns to dominate the sukuk market with total issuances reaching $7.8bn, representing 88 per cent of total global...
Insurers facing capital drought
NEW DELHI: India's fledgling life insurers, unable to go public and hamstrung by limits on stake sales, could be starved of capital unless rules are changed to make it easier for them to raise funding.The number of life insurers has risen to 22 since the market was opened in 2000 to challenge state-owned Life Insurance Corporation's monopoly, but existing regulations prevent insurers from selling stakes of more than 26 per cent to foreign partners or from going public in their first 10 years.Insurance firms are also not permitted to raise debt, which means controlling shareholders, must foot the bill in order to fund further...
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