GENERAL INSURANCE BLOG

We understand your fears and apprehensions and here’s what we have done to put an end to them, Magma HDI General Insurance’s range of policies for your health and assets:

1. Insurance is no longer tedious

It’s as easy as shopping online. Get a quick quote for general insurance policies CLICK HERE

2. Claims settlement is now transparent

We ensure a fair, transparent, and convenient claim settlement process.

In FY 18-19, Magma HDI has maintained a claim settlement ratio of 91.85% as compared to the industry average of 87.2%.

Our customer service wing works round the clock to have your queries addressed irrespective of the time of the day.

3. Perplexing T&Cs demystified

We believe in highlighting the important clauses of the Terms & Conditions,

You deserve simple hassle free claims!

At Magma HDI, ”Truth must be told” is the foundation of everything we do. Magma HDI has always attempted to change the game through significant efforts in making the claiming process simpler and less tedious. Securing the things most precious to you has never been this stress-free.

Accidents are always unfortunate, and you can never foresee when you might face such a circumstance, but it is always better to protect yourself from such unfortunate situations by getting a Personal Accident Insurance. You can easily buy personal accident insurance online by visiting the website of the insurance provider under which you want to get insured. If you have a Personal Accident Insurance, you will be able to protect yourself from huge inpatient hospitalization expenses and corresponding medical bills that can spend all your life savings in case you are met with an accident. You need to keep in mind certain things when you buy a Personal Accident Insurance: -

• Buy personal accident insurance online with a premium amount that covers your needs while not putting heavy stress on your financial stability.
• Compare the different Personal Accident Policies provided by different insurance companies and choose the one that fits your requirements the best.
• Select a policy that can be renewed online easily without having to visit the insurance company’s office.
• Personal Accident Insurance policies can provide you safety from sudden financial mishaps that can occur if you face an accident. Along with this, some of the reasons you should consider buying a Personal Accident Insurance are:
• You have any disability taken care of - If you have a Personal Accident Cover, you will be able to claim compensation for any kind of disability that you may face in the aftermath of an accident. The insurer will get appropriate compensation from the insurance provider if they suffer the loss of income due to their disability. You can avail compensation for Permanent Total Disability as well as Permanent Partial Disability.
• Accidental Death Benefit - This is one of the major advantages and the most important reason why you should get a Personal Accident Insurance. In case of accidental death of the insured, the insurance company is liable to 100% of the insured amount to the nominee which are generally Class I legal heirs such as a spouse, son, daughter, mother or father.
• Medical Expenses are taken care of - If you suffer an accident, medical expenses cost can be very high and can finish up all your life savings in a very short span of time. A Personal Accident Insurance will provide you protection from such expenses as the insurance company will take care of the medical expenses of the insured. In case of demise of the insured, the company will also take care of the funeral expenses of the deceased.
• Family Security - In case the accident leads to the death or permanent disability of the person and that person is the sole earner for the whole family, a Personal Accident Insurance will provide security to the insured’s family. This will not only provide the family with funds to support them but also shield them from any hospital expenses that will be incurred if the person is hospitalized.
• Child Education Benefit - Some insurance companies also cover the educational expenses of children under child education cover in case of death or total disablement of the person insured. Under this cover, the company will be liable to pay some amount per child, to a maximum of two children for their educational expenses.

Buying personal accident insurance online not only protects the insured but also guarantees protection and security to the family of the insured in case the person is faced with permanent disability leading to loss of income. It is always a good idea to get a Personal Accident Cover, whether individually or along with your other insurance policies for your car or bike.

A lot of people around the world work hard and save their income to one day purchase a car. A car provides you with much more freedom and mobility than local transport. Having your vehicle allows you to do things according to your schedule. You will not have to schedule your entire day according to local transport timings, nor will you be stuck in long lines and crowded transportation services. You can be wherever you want, whenever you want to be. It is beneficial for family trips and casual outgoings. Having your car will also provide you with much more feasibility during an emergency.

Getting your car insured is very important after purchasing it. The Government has made it mandatory for vehicles to be insured. If you are caught by an official and are not able to produce a hard copy of your car insurance, then you will be fined and may even have to serve a prison sentence. If your car is not yet insured, you can get it insured online. You can obtain car insurance quotes online from different insurance providers and choose whatever works best for you. Before finalizing the deal here are five things you must know that nobody might have told you about car insurance quotes:-

• You will get different car insurance quotes from different companies. All companies have their algorithm to reach the amount they are going to charge you. These algorithms use various factors and are developed by top actuaries.
• You can get discounts on your quotation. Before signing the contract, you must make sure you are getting all possible discounts for your car insurance. There are various discounts offered by insurance providers, and they differ from one institution to another.
• You must make sure that the current quotation will cover all third party liabilities as well as damages to your car. Some insurance companies may try to lure you by sending you low quotes while not providing complete coverage. Before signing the contract, you must always make sure that you are getting comprehensive coverage from the insurance.
• You must enquire whether the quotation amount will decrease if you pay the amount in a lump sum. Most of the companies give attractive discounts if you pay an annual or semi-annual lump sum amount. This discount adds up over a long time and will save you a considerable amount of money over time
• You will get higher quotes from branded insurance providers. You can find right insurance providers that are not branded that provide sufficient coverage and have cheaper quotes. This does not stand to mean that branded insurance providers are bad. They sometimes have needless coverage amounts to justify their quotations. Often when involved in an accident, you will not require that much coverage. Non-branded insurance providers will work well for you. Before signing a contract, make sure everything is in order and that your coverage is enough to cover for most damages.

Knowing these five facts will help you get the best insurance policy for your car. Having insurance is not a license to drive recklessly. Some people put themselves and their surroundings in danger as they know they will get coverage if they get into an accident. It is your responsibility as a good citizen to drive safely and within proper guidelines.

Thanks to the technology, computers or the smart phone in your hand filing a claim has never been easier.

For instance in case your vehicle meets with an accident and when you make a claim, Magma HDI trusts you and lets you take charge of the process . You don’t have to fill lengthy forms, attach documents of proof, or undergo a tedious process in getting your claim registered. All you need to do is attach a soft copy of your request and documentation and email us, or better yet! Fill your claim form online.

You can simply conduct a quick self-survey by clicking pictures of the damage vehicle with your smartphone, send it to Magma HDI’s online ‘Claim Updation’, and before you get home, the customer support ninjas at Magma HDI would have begun actioning your request.

The support staff operates 24x7, 365 days a year, ensuring your insurance claims are processed faster and these minor mishaps don’t create roadblocks in your life’s plans.

Apart from your faith and testimonial, we also have numbers backing us, higher percentages just don’t make for an excellent report card! They also account for credible insurance providers., Magma HDI has been able to outclass general insurance industry average in claim settlements. While the general insurance industry averages 87.2%, Magma HDI notched ahead at 91.8% in FY 18-19, with only 8.15% outstanding claims. The extremely convenient and efficient claim settlement procedure at Magma HDI has ensured less than 30-day claim settlement for almost 87.17% of the total claims made in the year.

We believe that you should be in control when it comes to making a claim or registering a service. Insurance is built on trust, if there is a one-stop general insurance partner who understands your needs and empowers you with total transparency, look no further than Magma HDI.

A personal vehicle is a huge blessing. It provides you with much more freedom and mobility that you will have otherwise. Having your vehicle means that you can go around the area without any restrictions on time. It’s also beneficial to have your vehicle in case of emergencies. If you are in an emergency that requires you to visit someplace else, you can straightaway set out for the destination. Otherwise, you would have to book and wait for the cab service, which will take precious time. A personal vehicle also enhances your freedom as you will not have to depend upon local transport for going from one place to another.

Purchasing a motor vehicle is an expensive decision. A personal vehicle can cost you many times your monthly salary. It is essential to take excellent care of it. Even though you are taking good care of your motor vehicle, accidents do happen. An accident can leave you in a precarious situation as you would have to spend a considerable amount to get your vehicle repaired. This can be a substantial financial burden. The possibility of running into such a scenario makes motor insurance extremely important. If you have motor insurance, you will not have to worry at every turn for a minuscule possibility of an accident. Before signing up for motor insurance, you should obtain motor insurance online quotes from different insurance providers to see which policy best suits you. Here are five doubts that you should clarify about motor insurance quotes: -

• You should ask your insurance provider about the coverage under the present quotation. Some insurance providers may try to lure you with cheap quotations that do not provide complete coverage for your vehicle. This insurance policy will leave you helpless in case you have an accident.
• You should clarify how often you will have to pay the premium. A cheap quote loses its meaning if the insurance provider makes you pay it more often.
• You should ask your insurance provider if he has provided you with all the discounts and savings available. There are many different discounts in an agency depending upon age, gender, insurance score, etc. Many factors are calculated while arriving at the premium amount. You must make sure your insurance provider gives you the best rate possible.
• You must ask if your premium amount will remain the same or if it will decrease over time. Many factors are used to arrive at the quotation change as time passes. Also, there is a no-claim bonus that will give you a discount on premium if you do not claim insurance in the period. You must have full disclosure on present and future premiums.
• You must enquire if paying your premiums in a lump sum may reduce the quotation. Often companies give discounts if you pay the premiums annually or semi-annually. This can save you a lot of money over time.

Obtaining motor insurance online quotes will save you a lot of time. This will give you a rough estimate of what you can expect from the insurance provider. It does not beat sitting down and clarifying everything with an insurance agent. Still, it provides you with some information so that you are not going in blindly.

Someone has rightly said that siblings are your only enemies you can’t live without.

As you know, Raksha Bandhan is round the corner! And for the brothers who can’t figure what to gift your beloved sister, we suggest you do something different, something that guarantees long term happiness. We’ve thought of the following ideas that will help her achieve financial's.

If she has a financial liability pay it off!

What better gift can you give than to pay off someone’s financial liability (that is if she has one), so reduce her financial stress she will thank you for it.

Buy her an insurance plan

Look out for your sibling by gifting them the protection of our comprehensive motor and health policies.

Buying her health insurance will make sure her hospitalization expenses are taken care of. Buy a plan with adequate coverage and secure her health. In return for inexpensive annual premiums that you can pay on her behalf every Raksha Bandhan, she will stay protected from the unexpected hospital bills and medical treatments. To get a HEALTH INSURANCE QUOTE CLICK HERE.

Start a Systematic investment plan

A systematic investment plan will inculcate the habit of saving in her for her future goals.

Apart from that, money can also be invested in fixed deposits, public provident funds, pension funds to name a few. As a financial advisor to your sister, you can guide her about the market and towards resources so that she can start taking these decisions on her own. 

Help her plan for  taxes

Guide your sister through tax planning and take advantage of the investment options that reduce tax or help her complete the IT filing formalities.

Whether you buy a four-wheeler or a two-wheeler, you can easily buy bike insurance or private car insurance in India. All such insurances come with certain add-ons offered by insurers to supplement the comprehensive insurance policy and make it more valuable for the buyer. Some of the Add-ons provided are the basic add-ons while some other add-ons can be purchased by the insured at a higher premium. Each Additional Cover will cost some extra and that cost will be adjusted in the premium. Some of the basic and most common Add-ons that are available for two-wheelers and must be taken while buying insurance are: -

• Zero Depreciation Cover - Depreciation occurs due to the reduction in the price of the vehicle over time due to natural wear and tear while using the vehicle. The rate of depreciation depends on the age of the respective parts of the bike. Generally, this depreciation is required to be paid by the customer as deductible during the claim process. However, if you buy a Zero Depreciation Cover, the insurer will not deduct this amount from the claim, and you will receive a comparatively higher percentage of the claim. You should opt for this cover if your bike is new and ideally less than 3 years old. If you have this cover, you will be able to make a maximum of two claims in a policy period but if your vehicle is damaged beyond repair, you won’t be eligible for this cover.
• Accessories Cover - If you are someone who likes to have additional accessories attached to your bike and have your bike studded with additional high-end electrical and non-electrical accessories, you should buy an Accessories cover to insure those accessories as well from damages in case of accidents. To get this cover, you need to submit the total cost of these accessories while buying an insurance policy for your bike.
• Return to Invoice - With an increased premium, this cover will protect your bike from theft or irreparable damage, and the insurer will compensate you by providing the Insured Declared Value of the vehicle to you. The Insured Declared Value or IDV is less than the invoice value of the bike because it is calculated by taking into account the depreciation rate of the bike, the road tax, registration charges, etc. The IDV of a two-wheeler can reduce to 80% of its value in a span of only 2 years and if you have this cover, you won’t have to spend too much extra money to get a new bike in case of theft or irreparable damage.
• Medical Cover - This cover will provide you coverage from medical expenses that can be very high in case your two-wheeler meets an accident because there is no protection for the driver driving the two-wheeler. Taking this Add-on will help you cover the costs related to medical treatments in case you meet an accident.
• Pillion Rider Cover - There is no protection for the pillion rider on the bike as well if the vehicle meets an accident. It can be argued that in most cases, the pillion rider is at more risk of getting hurt than the driver of the bike. In most insurance policies, the rider will be covered against death or any resultant disability in case of an accident, but there is no cover for the passenger. This Add-on will provide cover to the pillion rider in case of an accident resulting in the death or disability of the passenger.
• NCB Protect - Most of the insurance companies provide a No-claim Bonus to the insured in case they raise no claims during the policy period. But, if a claim is raised the NCB is reset to zero, and to prevent that from happening you can buy the NCB Protect Cover. This will protect the NCB from resetting to zero and your accumulated bonus won’t lapse in case you raise a claim..

These were some of the Add-ons that you must consider while buying a new insurance policy for your two-wheeler as well as private car insurance in India.

Buildings and houses are constructed very carefully; they are correctly planned and are built in a way that they can withstand any calamities or damages to the maximum extent possible. One common form of protecting houses from excessive heating or the weather is external cladding, which is the method of covering one material with another under high pressure and temperature. There are different kinds of materials that can be used for cladding, such as vinyl, aluminium, wood, etc. Still, these materials run the risk of catching fire and causing harm to people as well as the environment. Just like you would need to go with the best car insurance company in India for your car, you would need to choose the best fire insurance to protect your house.

Here are ways to control fire loss due to external cladding: -

• To Avoid Flammable Material: While almost any cladding material runs the risk of causing a fire, there are some which are more flammable than the others, such as APCs or Aluminium Composite Panels since they have a plastic-based core. When getting the house constructed, always make sure to use a material that is less likely to cause a fire or is less likely to help the fire spread; some materials are certified as being safe, and those are the ones to use.
• Check the Material Used: If you are not getting a house constructed but are buying an already built one, make sure to check the Material used for external cladding. Ask for the blueprints to the house, fire engineering reports, and also other details about the external materials, so you know how likely the cladding is to cause a fire. While it is expensive to change it, if you ever get your house renovated, do not forget to use a non-flammable material.
• An Effective Sprinkler System: Every house or building comes with a sprinkler system that automatically goes off when there is fire. You must ensure that the system works effectively and can detect fire or smoke since many sprinklers stop working after a while. Also, ensure that sprinklers are located everywhere in the house so that one outlet does not have to bear the burden of putting out the fire.
• Assess Other Connections: When constructing a house, numerous connections are going all around the house, whether they are water pipes, electrical wires, or other panels or boards. If there is a fire due to external cladding, these connections might be affected and can aid the spread of fire. You must be well aware of where all the connections are so that when needed, you would be able to determine the most dangerous spots and can try and control the fire.
• Handle Hot Objects with Care: Many residents have access to a terrace or balcony space, which they use for barbeques or even merely to smoke. If these objects are not handled carefully, then that can be disastrous. For example, a barbeque left on or is too close to the structure, chances of catching fire are very high.

There are numerous measures which are taken when there is a fire, but it is even more important to do everything you can to avoid getting such a situation in the first place. Since the whole purpose behind external cladding is to protect the house, make sure to use the right material and to assess the structure to avoid any risks.

Given the rising healthcare cost, a sudden medical emergency can put a significantly hole in your pocket. A health insurance policy, therefore, is an absolute must to get timely and expert medical help for yourself and your family. Plus, the added tax benefits help you save money.

Despite its popularity, there are certain common mistakes that people still make while taking health insurance. We list a few of those.

Depending solely on employer’s cover

Health insurance is a valuable form of compensation for companies, which is why a lot of organizations offer it to their employees. While it is convenient, it may not be enough to cover your entire family’s needs. Plus, the risk of losing insurance in case of quitting or termination is another reason why should also consider an independent medical cover.

Lowering premium by underinsuring yourself

While it’s prudent to look for practical ways to lower premium, it shouldn’t come at the cost of impacting the coverage. Decide on the right amount as insufficient coverage may force you to shell out more money in case of a medical procedure that’s not covered under your insurance policy.

Getting influenced by other’s policy choices

Different insurance providers offer different coverage, benefits, and premium amounts. While a certain plan may work well for your friends and relatives, your lifestyle, as well as your requirements, could differ from theirs. It’s, therefore, best to compare the various plans available and choose one suiting your needs.

Ignoring sub-limits

Most people don’t give sub-limits enough thought, but overlooking this could blow up your medical cost later despite having insurance. For instance, you may not be aware of the room tariff sub-limit under inpatient hospitalization coverage and may be presented with a much higher-than-anticipated bill.

Not considering the riders you can take on your plan

Opting for different riders hikes up the security coverage of your existing health insurance plan. Plus, it comes at a comparatively lower cost. Be mindful of all the riders that you can add on to the plan before signing the dotted line.

It may be tedious and boring to scan the entire insurance policy document carefully, but it's strongly recommended to read through all the details. Right from the exclusions to the terms and conditions, you should be aware of all the relevant aspects of your policy.

Not revealing correct information (Tell the Truth, always!)

Your policy premium amount heavily depends upon certain factors, such as your medical history and lifestyle choices. Smoking, for instance, can drastically affect the premium amount. Some people shy away from disclosing such information to lower the premium. Not only is it unethical, but it can also severely jeopardize your chances of claim approval. Always be honest and upfront about all the information requested for in the policy document.

Insurance is a subject matter of smart choice hence choose wisely!

When buying a car, you would take your time when it comes to choosing the right model, the right colour, the best safety features, the latest entertainment system, etc. This means that you should take the time to buy car insurance online since you would need to take proper care of your car. But what exactly is car insurance? It is a policy that covers the costs of any damages or injuries caused (to the owner or others) in the event of a car accident.

Here are some reasons why car insurance is so popular and why you need to get it: -

• It Covers the Cost of Repairing: When driving, there is a possibility that you might get into an accident or your car might break down. In such cases, you would most probably need to go to the garage to get the car fixed, and this costs a lot of money, mainly depending upon the kind of car you own. Having car insurance means that most of the costs of repairing the damages are covered by the policy; the insurance company would pay for any costs incurred, so you don’t have to spend a lot out of your own pocket.
• Could Pay for Others’ Damages: Again, when driving, you could collide with another car and not only damage yours, but also that car. If it happens to be your fault, not only would you have to pay for your own damages, you would also be required to pay for their repairs, which would cost a lot. Depending on the kind of insurance policy you have, it might also cover the costs of repairing the other person’s car as well, so you don’t have to pay for it yourself.
• Takes Care of Medical Expenses: Since car accidents occur quite frequently, car insurance policies also cover any medical expenses incurred due to any bodily damage. When you get into an accident, having to worry about paying your medical bills as well as fixing your car can be quite worrisome, which is why car insurance is necessary. Not only would you have the means to get your vehicle repaired, but a specific proportion of your medical expenses shall also be covered under the policy, as well as that of the other person involved.
• Compensation: Unfortunately, many car accidents end in death. When it is someone who was the sole earning member of the family or someone that had financial engagements, the death could have a negative impact on their family. By having car insurance, you can ensure that your family would be provided compensation if something of this sort were to happen.
• Supplements Health Insurance: Depending upon the kind of car insurance policy you have in place, you might have the means to cover medical expenses that your health insurance won’t cover. If you get into a major accident, there are chances that your health insurance might not cover all the costs, but your car insurance might help pay for those; you just need to choose the right one.

When you buy car insurance online, make sure to take the time to assess its positives and negatives. Compare it to others as well, so that you can be assured of the fact that you and your family would be financially protected in case of a car accident.

Liability insurance provides the insured party protection against claims resulting from damage or harm to people or property. Intentional damage and contractual liabilities are not covered, but legal costs and payouts are generally attended to and paid. This type of insurance is also called third party insurance.

If an insured party damages someone else's property or harms someone else by mistake, liability insurance comes to place. These policies can be taken by anyone who drives a car, owns a business, practices law or medicine or just anyone who can be sued for damages or injuries. Following is a brief guide on the public liability insurance policy and all that it covers.

Due to various kinds of liability insurance available, almost anybody can get liability insurance for products, employees etc. below are the main types of liability insurance-

• Employer’s liability and workers’ compensation- This is a mandatory coverage in case employees are harmed or injured in the process of work, and this protects business accordingly.
• Product liability insurance- This insurance is for businesses that manufacture products that are sold in the market. In this case, business is protected against any lawsuit arising from an injury or death resulting from their products.
• Indemnity insurance- This insurance protects the company from negligence claims due to financial harm resulting from failure to perform.
• Umbrella Liability Policies - These usually come handy when liability limits of other insurances are reached. These liabilities are designed to protect against catastrophic events.
• Commercial General Liability- Also known as commercial liability insurance, it provides an insurance cover against various kinds of lawsuits including those that may arise from an unforeseen event with an employee, any public property damage or injuries caused by the negligence of an employee.
• Comprehensive General Liability- These kinds of Liability insurances are tailor-made for small and large businesses, typically include bodily injury, property damage, personal and advertising injury, medical payments, and operations liability. In this, compensatory and general damages on losses are paid, but punitive damages are not paid usually. However, it covers the charges of investigation or defending a lawsuit.
• The premium amount for these public liability insurance policies is based on the needs of your company and your company's priorities. For example, a real estate company or a makeup company may have more risks than an organic grain company. This is also because the bigger the size of the company, the greater is the risk. A good public liability insurance policy will take into consideration these factors.

Here are a few rights and duties of the insurer:

• The insurer investigates an event that has resulted in a liability claim.
• The injured can defend the insured in any lawsuit related to a covered type of injury.
• The insurer may settle a lawsuit at his discretion.
• Cost of providing defense is handled by the insurer.

The following are advantages of a public liability insurance policy:

• Protected against unexpected circumstances- Even after taking precautions and managing operations, there are unexpected circumstances that may cause more harm than imagined. Having public liability insurance ensures that you've selected a liability to cover for such unexpected inconveniences.
• You could get more deals - It is easier for large businesses and firms to trust your company and find it reliable if they are aware of the liability insurances in place. This gives you an edge over other competitors and could also be your saving grace.
• You may be covered against a data breach - With which data like important information about employees, products, deals, social security data, etc. data security becomes increasingly important. It is a must for every company to have a liability to cover hacking and other data breaches.

Having considered the above factors, your public liability insurance policy will not be complete if you do not personally understand the needs of your company and find public liability insurance according to that.

Almost everyone gets health insurance to make sure that their medical expenses are taken care of when needed; so that that they don’t have to pay a huge amount from their own pockets. Before you renew health insurance online or buy a new policy, you need to go over the terms and conditions and understand its provisions properly. However, there are many that either doesn’t opt for health insurance or choose one which does not provide optimum coverage, thinking that it will not come in handy when needed. Here are five common misconceptions people have when it comes to health insurance: -

• It Isn’t Necessary When You Are Healthy: This is as far from the truth as can be since health insurance covers not just illnesses or medical conditions but also injuries. With there being so many changes in the environment and lifestyle, it is not easy to predict any illness, and moreover, you cannot predict an accident. So, it is absolutely necessary to have a health insurance policy and to not avoid getting one simply because you think you are healthy.
• Does Not Cover Pregnancy: A widespread misconception is that your health insurance will not include a maternity program, but that is not true. Of course, some policies don’t, but most of them do. You need to do proper research since many insurance policies include pregnancy, as well as most maternity healthcare requirements.
• Cashless coverage is the Best: Many people believe that a cashless coverage insurance policy is the best way to go, but in such cases, you can only go to a hospital that comes under the network of the insurance company. If you want your medical bills to be paid entirely and directly by the company to the hospital, you cannot go to just about any hospital; you must go to one which is within the company’s network, or it will not work.
• Would-Be Paid Only If Hospitalised: It is a very common misconception that you would be paid only if you get hospitalised, and not otherwise. However, that is not true since your insurance policy also covers dental or optical services that do not require you to be hospitalised. When you buy a health insurance policy, you need to understand what is covered and what is not, and what the terms of payment are, so you do not end up getting into a financial problem when seeking medical assistance.
• The policy Cannot be Updated: The fact that your health insurance cannot be updated is not true at all. In fact, since these policies span over a while, there are small changes made to the terms and conditions. Moreover, if you want to make any kind of change to an aspect of the policy, consult with an insurance agent, and you would most probably be allowed to do so since situations and requirements change quite frequently.

No matter what you hear, if you wish to buy or renew health insurance online, go ahead with it. You must have such a policy for yourself and your family, so you are protected when the time comes; it is merely a matter of properly going over the terms and conditions of the policy to understand what it does and does not provide. Also, if you have any queries, you can seek help from an insurance agent.

Health insurance is an absolute necessity, and everyone must have a policy in place to be financially covered if there are health issues or injuries. To ensure proper treatment and to be able to pay the medical bills, you would most definitely choose the best health insurance in India for parents, yourself, and other family members. However, it is vital to keep in mind that you need health insurance when you travel as well since there is always the possibility of something going wrong. Here are seven reasons why tourists love health insurance: -

• Cover the Costs of Medical Bills: When you are in a foreign country, you would need to get a separate health insurance policy since your previous one will only protect you in your home country. By getting travel health insurance, you would rest assured that you have the means to pay for any medical expenses if there is any injury or illness since it can cost a lot.
• Covers Your Family Members Too: If you are travelling with your family, you need to get an insurance policy that includes not just your medical bills, but also your family’s. If required, as many people requiring medical care in a foreign country can be costly.
• Any ailments or severe health issues: If you suffer from a critical health condition, you might have to pay higher medical bills given the nature of complications. In such situations, it is best to opt for a higher sum insured so that you are protected from higher expenses.
• Connect to Healthcare Providers: Often, when you are in another country, you might not speak the local language, and it may become difficult to communicate with a doctor. Your health insurance policy will help you connect to a doctor and would ensure that it someone that understands you well to eliminate confusion.
• Post Hospitalisation Costs are Taken Care Of: If you have an accident or fall ill, you might need medical attention once discharged from the hospital. In such cases, your insurance will also pay for the costs incurred post-hospitalisation, so you don’t have to worry about paying a huge amount.
• Cover the Costs of Essentials: If it so happens that the airline you were travelling with loses your baggage permanently, the medical insurance may help you pay for any essentials you need. It happens quite often that your luggage gets lost somewhere, and you are left without essential items, especially if you have a medical condition, and so the policy will help you pay for such things.
• Sudden Change of Plans: In case if required for you to leave immediately and cut your visit short. Due to an emergency at home such as a fire, water damage, someone falls ill, etc., depending upon the kind of insurance policy you have, you might be able to book last minute tickets and get out without any additional expenses.
• Compensation in Case of Death: Unfortunately, if you were to pass away while travelling, due to an accident or an illness, your medical insurance provides the facility to transport your mortal remains to your family members or any contacts mentioned. Also, your medical insurance may financially provide for your family for a certain amount of time, especially if you are the sole earning member.

Medical insurance is, without a doubt, one of the most important policies you must-have, whether you are in your home country or travelling abroad since you might face medical problems at any given point of time. Make sure to only choose the best health insurance in India for parents, yourself, and other members of your family.

Buying a health insurance policy is a significant responsibility since it will determine how financially capable you are of dealing with any illness or accident. A health insurance policy will pay for a particular portion or all of your medical bills and will also provide access to proper healthcare, and thus, you must put in a lot of thought into the kind of policy you choose. Whether it is health insurance in India for parents, individuals, or other family members, you must not be influenced by what others say, and you must conduct thorough research before buying one. Here are five preparations you should do before purchasing a health insurance policy:

• Understand the Terms of the Premium and the Sum Insured: When you buy health insurance, you need to pay a certain amount of money regularly to the insurance company for maintaining the policy; this is the premium. On the other hand, the amount you receive is the Sum insured, and it depends on the premium. Thus, before you buy a policy, you must read all the terms and conditions and understand how much you need to pay and how much you will receive when needed.
• When to Buy Insurance: One key factor to consider is your age. You must make sure to buy health insurance at a younger age since you would most probably have enough time to pay for it and receive a good amount. If you decide to buy it later in life, you might already begin to have health issues and might not be able to benefit from the insurance policy. The younger you are, the more claims you can make.
• Employment Situation: Many companies and employers provide their employees with health insurance policies and also pay for part of the premium. While it is great to have health benefit provided by your employer, it is crucial to understand the downside to it too. In case you switch to another job or are unemployed for a while, you might not be able to avail of the benefits of that policy and might not be able to afford one soon enough. It is essential to evaluate the pros and cons of such a policy and to have your own health insurance.
• Whether They Provide Family Benefits: One crucial thing to consider before buying health insurance is whether it offers benefits to your family members as well. You need to find out whether it includes healthcare and financial benefits for them, too, and also whether they would be financially compensated if you pass away.
• Post Hospitalisation Care: When you get into an accident or have to go through a medical procedure, you might also require medical or financial assistance even after being discharged from the hospital. Before you buy insurance, check whether the policy also includes post-hospitalisation care, since that is important and could prove to be costly.

It goes without saying that having health insurance is extremely important, and the decision to get one should not be made lightly; you need to understand what the provisions are and what your role is before you buy one. With so many great options in the market, finding health insurance in India for parents, family members or yourself has become much easier today.

Health insurance is a medical insurance policy which ensures that you and your family remain protected in the case of sudden hospitalization due to any illness by providing financial coverage for all the medical expenses under such conditions. Health insurance policies are generally claimed in two different ways, by way of cashless treatment or through reimbursement of the cost of treatment at the hospital. All health insurance policies cover hospitalization costs if the hospitalization is more than a specific period but there are many different policies offered by different insurance providers wherein you may also obtain the benefit of coverage of hospitalization costs, pre-hospitalization costs, post-hospitalization costs, accidental covers as well as daycare procedures.

You can buy health insurance by visiting the respective insurance providers’ office but there is an even simpler method where you can buy health insurance online in India with ease with no extra effort. You just need to choose the type of plan that best suits the requirements of you and your family and then start the premium payment process. But, there are many things you need to consider before you finalize on a particular insurance provider and after that on a particular insurance policy provided by that insurance company. One of the most important things to consider when choosing an insurance provider and any policy is to check if most of the major hospitals of the country are included in its network list. Once you see that the network coverage of hospitals is good enough and will be suitable for you, you also need to decide on what should be your policy amount. The decision of the policy amount will also depend on your financial stability because a higher policy amount is directly correlated to the premium amount.

These health insurance providers many different types of health insurance plans, such as:

• Individual Health Insurance Plan
• Family Health Insurance Plan
• Senior Citizen Health Insurance
• Critical Illness Health Insurance
• Maternity Health Insurance
• Personal Accident Insurance Cover

All these insurance providers have lots of different policies ranging from 1 lac to 2 crores, and you can choose the policy that suits you the best. It is rightly said that prevention is better than cure and health insurance policies are the best prevention against any future health problems you may face. You can buy health insurance online in India very easily by directly visiting the website of the insurance provider whose policy you want to buy. You get the complete list of all the policies that insurance provider has available and you can check the complete benefits of all the policies and compare them to find the one that best suits your family. Once you finalize on one particular plan, enter the details of the family members you want to buy the plan for and you will be shown the calculated premium for the policy. This premium amount depends on the number of people you are insuring, their ages, the type of plan you are choosing as well as the policy amount. You will be asked to pay the first premium immediately and this premium has to be paid yearly to keep the insurance plan running. The process of buying an online health insurance plan was as simple as discussed in the last few lines. Most of the time is spent in deciding the plan, and once the plan is final, you can get set with your health insurance plan within minutes.

Nothing beats the feeling of cool winds engulfing you as you glide past the scenery on your bike. The bike is one of the most convenient modes of transportation that you can own. It is compact and can easily tackle the traffic. It is the easiest way to reach your office on time without suffering a backlash from traffic. Bikes have better mileage when compared to cars, and their maintenance is cheaper too. The bike is the most budget-friendly mode of transportation. You must always remember to drive with a helmet. It is for your safety and is mandated by the government. Not wearing a helmet while riding a bike will attract fines from local authorities.

There is a government policy that makes it mandatory to have your bike insured at all times. This takes care of the situation if you run into an accident, and there are third party damages that you will be unable to pay from your pocket. Having bike insurance protects you from the financial burden of the damages you will face in case of an accident. Bike insurances are more convenient than ever before. Now you can even renew bike insurance online. Here are some top stories about bike insurance: -

• Having bike insurance will protect you from third-party liabilities. Often in case of bike accidents, there can be substantial damage to other vehicles and surroundings. If you do not have bike insurance, you will be liable to pay them from your pocket. Failing to do so will involve a visit to the court. Bike insurance will take care of this financial burden, and you can ride stress-free.
• You will also have coverage for your bike. While there may be damages to the surroundings, your bike will also be heavily damaged. Getting your motorcycle repaired involves spending a large sum that you may not be able to afford at the time. This can leave you in a situation where you can no longer use your bike while you are saving money to get it repaired. Right bike insurance will cover all the damages, and your bike will be in running condition in no time.
• You will not face any penalties that come with not having bike insurance. The government has mandated that all bikes must be insured. You must also produce a hard copy of the insurance whenever asked by the authorities. If you do not have the hard copy of your insurance, you can be fined for Rs. 1000 and may even have to face a 3-month prison sentence.
• Peace of mind is necessary when driving a bike. Constant worrying will only distract you from the road and may increase the chances of an accident. Bike insurance takes all the stress away from riding a bike. You will not be fined by any official, nor will you be liable for any damages that you incur due to an accident.

Bike insurance serves many purposes. Though it does not mean that you can ride over the speed limit or without a helmet. Both of these measures are for your safety and safety of people around you. If your bike insurance is near its expiry now, you can renew bike insurance online. Bike insurance has never been more convenient ever before.

If you nurture and protect every little thing in your life, why not your car. Your car is something that you will use the most in your life, and it needs to be safeguarded against accidents, natural calamities, theft and malicious damage. Right now, when even minor repairs and maintenance costs can be so high, you can imagine what will be the extent of expenses in case your car gets damaged or in the worst case stolen. To avoid such a huge sudden financial loss, car insurance is important. Every year, a large number of vehicles make their way to Indian streets, and due to this reason, car insurance has been made mandatory by the Government of India under the Motor Vehicle Amendment Act of 2019.

You can easily buy motor insurance online with a very simplified process. There are no hassles such as visiting the office of the insurance provider, and you can compare all the different car insurance policies online just by visiting the websites of all the insurance providers and then choose the one provider that provides the best benefits and the plan that best suits your needs. Before you go and finalize any particular vehicle insurance plan, you should be well aware of what all kinds of damages are included in the plan and what all kinds of damages are not included in the plan.

• Loss or damage caused due to accident, theft, natural calamities, fire explosion is included in the car insurance plan.
• Loss due to gradual wear and tear of different spare parts of the car are not included in the insurance plan.
• Personal Accidental insurance cover is included in car insurance
• Loss or damage to the vehicle as a result of intoxication or drugs is not included in the car insurance.
• Financial liability caused by the injury of a third party or damage to the property is included in the car insurance.
• Loss or damage to the vehicle when it is being driven by a person without a driver's license is not included in the car insurance policies.

Car Insurance becoming mandatory should not be the only reason to buy insurance for your vehicle. You should look at the important aspects and benefits of buying car insurance and then buy a policy that is best for you according to your financial stability.

• The most important reason for buying car insurance is that it is mandatory by law with punishment for failure to do so.
• It is effectively an investment because you will save on costs that are incurred on your vehicle for repairs in case your car is involved in an accident.
• Having car insurance also provides a health insurance boost since many policies also cover injuries that may be caused to the driver and the passenger in case the vehicle is involved in an accident.

Some of the big names in the insurance field, which provide car insurance are:

• Magma HDI General Insurance
• New India Car Insurance
• Bharti AXA General Insurance
• Future Generali India Insurance
• Liberty General Insurance
• National Insurance
• HDFC ERGO General Insurance
• IFFCO Tokio General Insurance

All these companies provide a wide range of insurance policies from which you can choose the one most compatible with your needs and buy motor insurance online in a few simple steps. Along with the basic benefits of each plan, you can also opt for Add-on facilities which cover many different things at the cost of an increased yearly premium.

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.