GENERAL INSURANCE BLOG

For many people riding their bike is the joy of their life. Riding on open road zooming past scenery is one of the best ways to satisfy your wild spirit. Bike riders have their community and the gestures that only they can understand. Riding a bike is an exhilarating sport, and for some people, it is a way of life. Many people pride themselves on their riding skills and their artistic sports or muscle bike. A bike is something that every guy likes to show off.

Riding a bike for many is enjoyable, but it is essential to follow proper safety guidelines while riding it. Under no condition shall you ride a motorcycle without a helmet. It would be best if you also had bike insurance for your bike in case any mishappening occurs. If you do not have one yet, you can Buy Bike Insurance Online. It is a very convenient and quick procedure if you have all the proper documents. Aside from the formalities, many developers are bringing out apps that you can use to make your bike rides more fun and convenient. Here are 5 apps that will help you manage your bike rides: -

• EatSleepRide - EatSleepRide is one of the best apps for bike riders. It is an all-purpose app that is a must-have for every rider. It will help you discover new routes that are shared by other motorists. You can also track yourself with a navigation option. Aside from these features, it provides you with all the data riding data along like your speed, lean angle, and the route you are travelling. This app also features another fantastic feature called 'Crashlight' this app monitors sudden changes in accelerometer that occur at the time of the accident. It will send your position to all the contacts you have selected in case of an accident which will send them a notification about the mishap.
• Rever - Rever is a community-based app that allows you to share your routes with the community. Aside from that, you can also share your stats and pictures with the rest of the community. It is a fun and engaging app that is a must-have for people who love discovering and travelling on new routes.
• Dark Sky - Dark Sky is a must-have app for any bike rider. It uses government satellite data as well as data from other users to produce very accurate weather forecasts. This app makes sure that you do not run into bad weather while riding your bike.
• FuelLog - FuelLog helps you keep track of your fuel consumption and vehicle maintenance. It also uses past data to calculate your mileage and cost per kilometre. It also saves a lot of other data like the total distance you have driven fuel cost and much more. You can also use this app to monitor all your vehicles.
• Google Maps - Google Maps is the best and fastest navigation app on the market. It provides very accurate information about your current position and provides you with the shortest possible routes to the destination.

All these apps make the bike riding much more joyful. You must always follow safety rules for your safety while riding a motorcycle.

TIt would be best if you never rode without insurance. If you do not have bike insurance yet, you can even buy bike insurance online.

Are you wondering why it's important to renew your two-wheeler insurance on time? Well firstly, you are required by law to have insurance for any motorised vehicle on road, so that in itself is reason enough to renew your insurance on time. But beyond that, timely renewals have a lot more to offer to you. If you fail to renew your policy on time, your vehicle is completely unprotected for that period of time. And with so much that could happen to your two-wheeler, it's not wise to take that kind of risk.

The process of online renewal

If you wait until the expiry of your Bike Insurance, you’ll expose your two-wheeler to unnecessary risks. In most of the cases, insurers give a grace period to renew your policy. However, if you raise a claim in the grace period, it will not be honored because the policy does not exist during this period.

So, follow this simple procedure to stay ahead of the curve and avoid any repercussions of a lapsed policy.

• You can either go to your insurer to renew your policy, or you can pay your policy premium and renew your two-wheeler insurance online.
• To do it online, l5ogin to the website of your insurer and enter details of your previous policy as well as your bike.
• Select the insurance policy that you need.
• Choose the insured declared value (IDV) and add-ons if you need any.
• Make payment through NEFT/ Debit/Credit card etc.
• You have successfully renewed your policy!

The rate of renewal depends on the day when your policy comes into effect and the duration of the policy period.

Benefits of renewing your two-wheeler insurance online

Renewing your bike insurance is fairly simple if you understand the process. With a little help, you can renew your insurance policy online from anywhere. If you still aren't convinced, here are a few benefits that will definitely make you favour renewing your Two-Wheeler Insurance Online:

• Renew the policy without new inspection.
• No fresh documentation required.
• It only takes a few minutes to renew the policy without any extra charges.
• You can compare the best deals and choose an appropriate one.
• The insurers provide complete chat and phone support to clear your doubts.

Most importantly, it’s necessary to stay updated about the expiry time and renewal conditions of your bike insurance before it’s too late. With the ease of online renewal, you no longer have any excuse for delays. So head over to an insurance provider like Magma HDI to renew your policy now.

Maritime transport is one of the most efficient ways to transport goods overseas. Maritime transport has been used since 2500 BC. When Egyptians started building wooden boats that were used to transport people and cargo along the Nile river. Since then, technology has progressed by leaps and bounds. Now, there are colossal metal ships that can carry tonnes of cargo overseas. The scientific progress in the maritime industry has allowed mass trade to take place between countries. It also allows people to purchase cars and machinery from overseas markets. Maritime transportation has made the world a more connected and smaller place. It goes to prove that there is nothing humans cannot accomplish once they set their collective minds to it.

To put countries and businessmen at ease, cargo ships must be insured. Marine insurance companies insure ships with their Marine Cargo Insurance Policy . There are several aspects to this policy. As a person working for a Marne insurance company, you must be well-versed in laws related to it. Here are five laws that anyone working in Marine insurance companies should know about: -

• A marine cargo insurance policy provides coverage for cargo and personal belongings of passengers on the ship. Cargo that is being transported is liable to be lost or damaged through one or many different perils from the time it leaves the supplier's warehouse until it is received by the consignee's warehouse. Loss or damages suffered due to various risks are to be transferred to an insurer, as they are included in their coverage.
• A marine insurance contract is a contract of utmost good faith. The agreement may be deemed void if utmost good faith is not observed by either of the parties. It is the responsibility of the assured to disclose every material circumstance to the insurer, which is known to the assured. Similarly, the agent must disclose every material circumstance to the assured, which is known to the agent. It is also important to note that the duty of the disclosure is not over after the conclusion of the contract and will continue.
• If a loss occurs, the insured must be in the position of a financial loss. In a contract, the assured must have an interest in the subject that is insured when the loss occurs. The assured must benefit from the safe arrival of the insured property or may have the liability of its loss.
• The insurer takes the responsibility to indemnify the insured for the loss suffered by the insured. The loss suffered must have been caused due to occurring of the event they are insured against. The insured is to be placed in a similar situation that would have been as if the loss had not occurred.
• The insurer has a right to take it upon themselves to substitute the insured to claim indemnity from a third party for the losses covered by the insurance. Thus, the insurer is entitled to recover the loss payments made to the insured from the negligent third party.

These laws are very important for anyone working in a Marine insurance company. These laws serve as the principles on which maritime insurance policies are built upon. It is crucial to keep them in mind while making the maritime cargo insurance policy.

Even if you live in one of the safest cities of the world, you should not leave your home open and unattended else you might lose all your valuables to thieves. Everyone knows that the first reaction to theft is calling the police but very few people know what to do to prevent such thefts from happening in the first place. There are plenty of expensive as well as inexpensive ways to burglar-proof your home. Some of the best home insurance companies in India provide insurance against theft as well and it is the first thing that must come in your mind if you live in an area which is prone to thievery. Certain steps can be taken to protect your house from thieves and prevent your valuables from being stolen.

• Never leave your house open if no one is there in your house. Always lock the main door and check if it is locked properly if you are leaving your house unattended for a longer duration. Burglars do not need more than 10 minutes of time on an average to identify the most valuable things inside your house and take it away with them. A slight mistake and you risk losing it all.
• Check your locks on a regular basis and see if they are functioning properly and replace them as soon as possible if they are not functioning as they should. If any of the exterior locks are easy to pick, jimmy or bump open, they must be replaced immediately.
• Don’t cover your house from the street. There must be a clear line of sight from the street to your house so that anyone trying to break open into the house is clearly seen by your neighbors. Cut back any trees or bushes that hide your house and obscure the front door.
• Install home alarm systems and sensors so that as soon as there is a break-in inside your house, the fire alarm sounds immediately and informs the neighbours that there is something wrong.
• Upgrade all your doors and windows and reinforce the doors, windows, locks and all hardware required to keep your house safe from burglars and thieves.
• Use motion light sensors inside as well as outside your house, so that they light up in case there is unpredictable movement outside your house. Such sensors can sense movement outside the house and may even warn the owner if there is some unusual movement outside the house.
• Don’t broadcast details about your upcoming trips on social media. This is one thing that thieves may be on the lookout for and if there is no one at your house, they will have the perfect moment to attack your house and take away your valuables.
• Always keep your valuables inside lockers and safes. The keys to such lockers and safes must also be kept secured and out of normal sight.
• Garages and garden sheds are the softest targets for entry into your house. An automatic lighting system attached to your garage or your garden shed can be a useful deterrent to protect your house from burglars.
• Keeping a good relationship with your neighbours can help you in making your house look occupied even though it is unoccupied. You can tell your neighbours to collect the mail, clean the porch or to mow your lawn and some neighbour can even park in your driveway.

An empty house looking empty is the safest target for burglars. A house not looking unoccupied even though it is unoccupied deters the burglars because they can never be sure if it is a safe target to attack. You can keep in mind the above tips to protect your house and also get a suitable policy from the best home insurance companies in India, in case you are going out for that long holiday you have been longing for.

“I don’t want to go on a holiday!” SAID NO ONE EVER.

Did you know that the research suggests that the work efficiency improves tremendously once we’re back from holidays!

Anyway enough with the preaching,  we all love the idea of sipping margheritas on the beach and say you’ve decided to take off to your dream destination this World Tourism Day.

The excitement is always so overwhelming that we forget to pack some essentials that are required on your much needed vacation.

Worry not we have compiled a checklist of all the travel essentials depending on the kind of trip you are taking. Solo? Family? Or a road trip with friends? 

Before you leave on a Vacation

• Passport, Visa, Boarding pass (any other documents)
• Travel plan – Make sure you set it up on your phone
• Luggage regulations – This one come’s as a surprise most of the time, make sure you check the luggage limitations before booking a flight or mode of travel
• Personal gadgets – Chargers, Power banks etc

While travelling with kids!

• Entertainment – Games, tablets etc (these are a must unless you want a cranky kid on board)
• Snacks and eatables
• Medicines 
• Infant seat at the back of your car
• Diapers and wet wipes

With your better half or bae

• Travel Guide
• First aid
• Sunscreen
• Travel pillow

On a road trip:

• Roadside emergency kit
• Phone stand for Maps/GPS/Navigation
• Fluids (if you have an older car)
• Flashlight

Bonus!

• An AUX cable for the music curated.
• Make sure you keep your car protected from the damage while travelling get a car insurance now, Click Here. Go on now and explore!

When you buy a car insurance policy online, you enter into a contractual agreement wherein you have to pay a specified amount as premium to your insurance provider in return for the protection the company provides you against damages to your car. In case your car meets an accident, the insurer is liable to pay you the compensation as per the contract but to get that compensation you need to file a claim with the insurance provider. The insurance claims are generally classified into two types:

1. Cashless Claim - If the customer has a cashless claim, the customer will not have to pay any amount upfront for repairs at any of the network car garages of the insurance provider. It will be the job of the car insurance provider to settle the claim with the workshop on behalf of the policyholder. In such a claim, the insured has to get their car repaired at the partner workshops of the insurance company

1. Reimbursement Claim - For a reimbursement claim, the insured has to pay for the repair of the damages to the car and later depending on the terms of the car insurance policy, the reimbursement claim is made. In such a claim, the insured does not need to get their car repaired at any of the partner workshops of the insurance company, but all the bills have to be produced at the claim.

To raise a cashless claim, you need to follow certain steps in case your car meets an accident: -

• Note down the license number of all the vehicles involved in the accident and also get the names and contact details of the witnesses, if possible.
• In case there are third-party damages such as injuries/deaths, property damage, or any other such critical issue, you should file an FIR at the nearest police station.
• Contact your insurer and report the accident, and you will receive a claim number.
• Ready all the documents as told you by the car insurance company, which you will have to present before the company representative.
• Take the vehicle to a network garage whose details will be provided to you by the insurance company to get your vehicle repaired.
• A Customer Service Manager will get in touch with you within 24 hours, and you will have to show him all the documents related to your car and its insurance.
• If the Customer Service Manager is satisfied with your papers, he will give the go-ahead for the repair work and you can get your vehicle repaired.
• Once the repair work is completed, the insurance company will make the claim payment to the garage for the repair costs.
• You will have to pay the deductibles which will be intimated to you by your CSM once the repairs are done.

You can also make a Reimbursement claim if you need to get your car repaired after meeting a severe accident:

• Take a note of the details of all the cars involved in the accident and if possible, try to get the contact details of some witnesses.
• Report the accident to your insurance provider immediately through a toll-free number provided by the company.
• A Customer Service Manager or CSM will get in touch with you within 24 hours and will tell you to submit all the bills and invoices to the company to get the claim.
• Once the claim is approved, the company will start the claim settlement process.
• The claim amount is sent directly to the customer according to the terms and conditions of the contract.
• If you have proper documents, you will get your claim, but your claim can also get rejected if you were driving without a valid driving license or if you were drinking and driving. Once you buy a car insurance policy online, make sure to read the policy documents completely, so that you do not face any issues while filing a claim for the damages to your car.

Nowadays, renewing your car insurance is also as simple as just buying new car insurance. You don’t have to make several phone calls or wait in a queue at the insurance company’s office to get your insurance renewed. While renewing your insurance, you also have the option to switch to a different insurer which provides better benefits to you at the same or lesser premium. Although the process of renewal is very simple and hassle-free, you should take care of certain things before you are going to renew your insurance or are thinking about buying new car insurance: -

• Check the Insured Declared Value or IDV - Depending on the age of your car, the insurance premium amount may change, so get the IDV re-evaluated. This will not only help you in getting a better price, but you will also get compensated accordingly in case of theft or loss.
• Do claims check - In case you are thinking of changing your insurer, always make sure to check the claims ratio of the previous insurer and verify it against any claims you have made.
• Appropriate Coverage with your plan - If currently you only have third-party insurance plan, consider getting a better and comprehensive plan which will also provide you coverage against the heavy expenses incurred on your car if it meets with an accident.
• Make sure to check Cashless Garages - Always check for cashless garages in your area when renewing your insurance plan with a different insurer so that you get the benefits of free repair for your car.
• Check the discounts and other deductibles- When renewing the insurance plan, make sure to check if you have got all the discounts you are eligible for with the plan, just like you do when you buy new car insurance. A deductible is an amount that you are required to pay before every claim and if it exists, make sure that it fits your budget.
• Get Add-ons with your insurance plan - There are many add-ons available with the insurance plans, and you should consider getting them. Add-on covers like Zero Depreciation, Engine Protector or Return to Invoice can help you if your car is less than 5 years old.

Here is how you can renew your car insurance online:

• Once you have finalized your plan, you need to enter your details on the website of the insurance provider. Some details you need to be ready with while renewing your insurance are: -

  1. Your Full name

  2. Your Address

  3. Car Registration Number

  4. Car-maker and model

  5. Previous Policy Number

• Select the Add-ons that you want along with your insurance plan. Some of the common add-ons are: -

  1.Zero Depreciation

  2.Roadside Assistance

  3.Return to Invoice

  4.Engine Protection

  5. NCB Protect

  6. Loss of Personal Belongings

• Once you are done with all the above steps, the final thing is only the payment. Complete the payment procedure and you will be done with renewing your insurance plan.

Renewing car insurance is as simple as buying new car insurance. Make sure you completely understand all the policy terms before you finalize the payment procedure for your insurance.

There is nothing more saddening in life than the loss of a close family member or close friend. It is an exceptionally uncertain time for everyone when your family member or friend is battling an ailment. Medical expenses are an all-time high, and it is tough for people to provide quality healthcare for people close to them. During these tough times having health insurance helps a lot. Now you can purchase health insurance online through Online Health Insurance Companies . Health insurance provides coverage for most of the medical expenses incurred for diseases and medical conditions covered in the policy. It is very important to be informed about the pros and cons of health insurance. Information is power. More you know, the better decisions you will be able to take. Health insurance speakers play an important role in society by informing the community of various benefits of health insurance. Here are ten great individual health insurance speakers in India: -

• Manoj K Shrivastava - Manoj Shrivastava works as the chief information security officer at Future Generali India Insurance Company Limited. He has worked in the information technology and service industry. He has a bachelor's degree focused on Mathematics and is an exceptionally skilled consultant.
• Jehaan Shroff - Jehaan Shroff is a senior associate at Khaitan Legal Associates. He has a bachelor's and master's degree in law as well as an MBA degree under his belt.
• Anuradha Sriram - Anuradha Sriram is the chief actuarial officer at Aditya Birla Health Insurance. She is an exceptionally skilled mathematician and works closely with Aditya Birla Health Insurance in developing insurance policies.
• Ishita Mukherjee - Ishita Mukherjee is Chief Operating Officer at Bharti AXA Life Insurance Company. She is a business leader, and her professional career has spanned an impressive 24 years.
• Pratibha Sarathy - Pratibha Sarathy is the head of IT at General Insurance Council. She is a philanthropist who has worked as a teacher to blind children.
• Sumeet Aggarwal - Sumeet Aggarwal works as the corporate vice president of IT and heads digital solutions in Max Life Insurance Company Limited. He is an award-winning track record for building, defining, and optimizing IT solutions.
• Kirti Patil - Kirti Patil is the senior executive Vice President and Chief Technology Officer at Kotak Life Insurance. She has over two decades of experience in the industry. She is highly celebrated and has numerous accolades and awards on her name.
• Atul Deshpande - Atul Deshpande is the Chief Operating Officer at SBI General Insurance. He has over 29 years of experience in the general insurance industry. He is extremely educated and has been in a leadership position for more than the past 16 years.
• Srinivasan Iyengar - Srinivasan Iyengar is chief Operating Officer at Reliance Nippon Life Insurance. An expert consultant in the life insurance industry. He has substantial experience in the life insurance domain. He has been a distinguished speaker at various events and has been the winner of national and international awards.
• Varij Pujara - Varij Pujara works as Chief Distribution Officer in Aditya Birla Life Insurance. She has over two decades of experience in the industry and has worked in several financial domains.

These speakers have spread light among crowds on many positive aspects of health insurance . Their contribution is immeasurable and has saved countless lives. Health insurance is essential. If you do not have one yet, you can easily purchase it online through online health insurance companies.