GENERAL INSURANCE BLOG

Medical Science has grown by leaps and bounds, so has medical expenses. With the rise in medical costs, a common man can no longer hope to provide his family with quality medical treatment without a health insurance policy. Health insurance is important as it takes away the financial burden in times of such despair. You should always remember to renew health insurance online or offline before it expires, as per your preference. Nowadays having single health insurance is no longer sufficient though. Even though medical costs keep increasing over the years, insurance policies have not kept up with that pace. Many insurers don't provide medical cover over a certain amount, which sometimes is not sufficient.

Thus, individuals are allowed to hold multiple health insurance policies as long as both the insurers are privy of it. All the insurers must know that you have multiple health insurance policies, else they might be deemed void, or your settlement may be reduced. While there are no problems over holding multiple health insurance policies. Many people don't know how the situation will play itself out. There are various things to remember so you may not face any unnecessary obstacles in claiming your entire settlement amount: -

• When a claim does not exceed the sum insured under a single policy, it is up to your discretion to choose which insurer to approach to settle the amount. Various things like NBC benefits must be taken into consideration while making up your mind on which insurer to approach. There are no specific guidelines that you need to follow and you have entire liberty in this matter.
• When claim exceeds the sum insured under a single policy, it is up to you to decide whom to approach first. The insurer you approach first will settle the claim up to the limit stated in your agreement with him. The rest of the claim amount will be settled by the second insurer.
• You cannot gain raise a claim for more money than your expenses. That means you cannot ask both insurers to settle the maximum amount of your policies.
• In case of a cashless settlement, TPA will agree to settle your expenses to the maximum amount that can be settled, rest you have to pay by yourself. Later on, you can submit proper bills to the second insurer and will be reimbursed for your expenses.
• To make the claims, you must submit several important original documents to the insurer. They are general bills and receipts, discharge form, prescriptions, diagnostic tests, and X-rays and other scans. The documents must be attested. To make multiple insurance claims, you must make sure to receive multiple attested copies of all the documents from the hospital.

With all these points, you will face no issue claiming multiple insurance covers. Having multiple insurance policies is generally beneficial as they might have different clauses regarding critical illnesses. You can better secure your future by holding multiple insurance policies instead of one. Also, you must renew your health insurance on time; accidents can happen anytime. You can do so from the convenience of your home and mobile phones as now you can marine cargo insurance policyrenew health insurance online. Still, you must never forget that precaution is better than cure. Just because you have good coverage on health insurance does not mean you stop taking care of your health. Some things when lost can never be regained.

Road trips on a car are enthralling. These drives fill our camera rolls with memorable moments that we recall with much fondness. If you are planning a road trip this season, congratulations — you have made the right decision. You have to take care of certain things before you decide to hit the highways to make sure that you drive is smooth. To start with, you should first get the best car insurance in India so that you do not land into any legal trouble. That done, you will have a big burden taken off your mind. Here, we will look at a few ways through which you can better gear up for your next road trip.

1. Paper and digital maps

Make sure that your phone has an active internet connection so that you do not miss out on those essential twists and turns, and those much-needed shortcuts while travelling. However, you cannot wholly rely on digital maps. Several regions may not have a cellular network, and this is where a physical map might come handy. Carry a detailed map so that you never get lost while you throttle you way down the highway.

2. Extra money

Financial planning is essential before a road trip. You will need cash for food, lodgings (if you are staying overnight at a motel), and other miscellaneous expenses. Do not solely rely on plastic money, as there will be several places that will accept only cash. Also, make it a point to carry a decent bit of extra cash in case something unfortunate happens, such as your car breaking down. Breaking dows, well — this also brings us to our next point.

3. Carry spare parts and a toolkit

Highways are long, and often there are miles between service shops. Make sure that you carry a spare tire in case you meet a puncture. You should also carry a toolkit and a service manual to make sure that you can fix the basic problems that you might run into. It would help if you also made yourself comfortable with the basic repair guide so that the task of repairing the car does not turn out to be overwhelming.

4. Carry enough water

In the worst of scenarios when you get stranded, there is one thing that you will need the most — water! Things might get quite nasty if you get stranded in a place where there are no water sources, Always make it a point to carry a few large bottles of water to keep yourself going while you try to get yourself out of the mess.

5. Carry a first aid kit

You never know when things might go off-road and you meet with a small accident. This can happen off-road as well. To deal with the consequences, make sure to carry a first aid kid which will help you get through before you receive medical attention. With these basic points in mind, you can be assured that your trip will be smooth. If you are worried about the best car insurance in India, then you can opt for Magma HDI car insurance as it offers a host of features, such as additional cover, discount on premiums, access to and access to anti-theft devices, among others.

Long bike rides are relieving to the soul. They teach us many lessons, test our patience, and brings the best version of us on the road. There is much for the sight to behold — the steadiness of the highway, the slopes of the mountains, the glimmer of the rain, and the kiss of the wind. If you are planning a bike ride alone or with your buddies, then congratulations to you — you have made a great decision. However, before you start, there are a few things that you should keep in mind. Start by getting your papers — the bike’s registration and insurance — right. Yes, it is mandatory to have registration and two-wheeler insurance in India. Once you have the documents in place, you can move on to the other steps.

Choose a comfortable bike

You might not want to for a bike trip on any engine. Pick a bike which can burn those miles without stressing its engine. You would want to have a cruiser so that your sitting posture does not give you back pain later. If you are worried about the budget, then pick a fuel-efficient bike. Several mid-range Indian cruiser bikes offer an excellent highway experience in India. It would help if you get a proper bike gear so that you are well-prepared for harsh weather conditions. Carry essential spares and tools for unforeseen circumstances.

Pack and eat light

You would not want to carry much luggage on your back while you are riding. It will add extra weight to your ride. Try to pack light — just the essentials. Try to fit the essentials in a pack and tie it up behind your bike, as you would not want to carry a load on your back while you are riding. Try to start early in the morning on a light stomach. A heavy meal takes a lot of energy to digest, so if you have a hearty meal before setting on the ride, then you might feel drowsy on the way.

Take breaks to stay motivated

Long bike rides may never seem to end. Riding constantly may tire you up. Try to take short breaks every hundred kilometres or so. This will help you feel refreshed. Keep this in mind that the trip will come to an end, and that more than the destination, the journey is what you are looking for — the sound of the wheels humming on the highway. India has mesmerising landscapes so there will be enough to see on the way, and all these sights will keep you motivated throughout your ride. If you are worried about getting good two-wheeler insurance in India, then your search could end with Magma HDI two-wheeler insurance. Magma HDI bike insurance comes at an affordable price and provides features such as personal accident cover. It also has support for anti-theft devices, so you can keep on riding, roaring on the road without worrying about anything at all.

One of the major determinants of how you live your life is your financial condition. It cannot be emphasized enough that you need to carefully plan out your finances not just for the near future but also for your old age. If you find yourself in a financial fix, the chances are that things might just get worse from there and it might take a lot to turn that situation around. One of the best ways to ensure you live a worry-free life is to properly manage your finances. Here are few ways in which you can stay financially healthy: -

• While a large number of people depend on a card to make payments, it is a smart choice to say goodbye to credit cards. Since you need to pay for the expenses you make on your credit card, you can always run the risk of going into debt. As more purchases and interests keep adding up, you might find it difficult to pay your credit card bills. Instead, maybe use a debit card since the money will directly deduct from your bank account every time you make a purchase, and you don’t need to pay any debit card bills.
• Begin thinking about a retirement savings fund. Since you can only work for so long, it is important to plan in advance. Start saving money from today itself and add it to a retirement fund, so you are financially secure when you grow older. Not having any money saved for old age could prove to be a major headache especially if there are medical bills to pay.
• One of the simplest ways to become financially healthier is to cut out any unnecessary spending. This might be very common advice, but it is easier said than done. You need to keep in mind that your financial situation could change any second and that you should always be prepared. All expenses ultimately reduce your savings, so spend your money wisely, only on what you really need, with a few occasional indulgences.
• Think about insurance. Now, insurance is a broad category. There is vehicle insurance, health insurance, travel insurance, property insurance, etc. You can never really foresee any adversity, so it is best to be prepared. Make sure to go over the terms of the various insurance policies and keep renewing them regularly to avoid having to pay large amounts of money from your pocket when the situation arises. For example, there are many online health insurance companies that you can check out. You just need to find one that suits you best.
• Another easy way to be financially healthy is to make a budget. At the beginning of every month, plan out a budget based on your account and normal economic activities and try to stick to it. If you can manage to spend just as much money as you had planned for, you will end up saving a ton of money in the long run since you would have avoided any unnecessary expenses throughout the month.

Whether it is finding a good online health insurance company, switching to debit cards, looking for further sources of income, investing your money, you must contemplate your financial decisions thoroughly. Money is extremely important to determine the quality of your life and must be used very, very carefully to avoid any complications in the future.