GENERAL INSURANCE BLOG

If you enjoy riding your motorbike and spend time getting it customised with modifications and accessories, this blog is for you. Personalisation is now becoming the backbone of many industries. People want things they consume or use to be altered to cater to their tastes. And a little personal touch makes the consumers feel cared for and appreciated to be loyal to a company or a brand. Did you know that you can now personalise your two-wheeler insurance?

You can alter and add several benefits according to your requirements to your two-wheeler insurance. Curious about how you can get additional benefits that would satisfy your necessities? This blog will discuss all the information about insurance policies and how you can adjust them a little to fit your interests.

While we would be talking about how personalisation is a part of insurance, you must remember that this can only occur if you have valid insurance to drive around your bike. Do make sure that you have legitimate and valid two-wheeler insurance.

So, here's how you can personalise two-wheeler insurance.

1. There are various types of insurance covers:

Various insurance covers here include comprehensive insurance cover, third-party cover, additional riders, etc. Under comprehensive insurance cover, you get benefits that would protect you against all damages caused to your vehicle, third-party property, or person. It provides you with full coverage. Due to the extravagant benefits, comprehensive insurance is costlier than a third-party cover.
The third-party cover is a compulsory policy that protects the policyholder against any damage or risk to third party-persons or property. This cover is limited to damage caused only to the third party by your vehicle. And it is mandatory for everyone who has bike insurance. The limitations of the third-party cover are solved by comprehensive coverage insurance. You can opt for an additional rider cover as a part of your insurance benefits. In doing so, you will be required to pay an extra amount or a premium. The details of the additional riders can be included during the registration and the beginning of the insurance policy coverage of the primary policyholder. You can also have the extra rider cover during the whole renewal procedure of your two-wheeler insurance. These riders will be eligible to get similar benefits as the primary policyholder. They will receive emergency or round-the-clock roadside assistance from the insurance company.
This assistance and the additional riders cover any loss or damage caused or if your bike got towed or in case of any repairs. The various issues this extra rider's insurance cover would easily handle are duplicating keys and the related problems like changing the tyre, and empty fuel tank, among many other benefits.

2. Protecting your engine:

The engine protection insurance covers you in case of engine damage, gearbox issues or damage, leakage of the lubricant, heating up of the engine, engine failure, and much more.

3. EMI protection option:

Some other benefits include EMI protection, where in case of any damages, the designated insurance company will pay for the EMIs of the two-wheeler as directed in the EMI bike insurance and protection cover. This will apply only if the service centres or the garages are certified and approved.

Other benefits or additional riders include coverage for vehicle-related expenditures like motor vehicle oil, coolants, refrigerants, nuts, screws, etc. Then there is a pillion rider's cover to protect the rider with you against any accidents and body injuries. This insurance add-on benefit also covers any medical costs incurred during accidents for the pillion rider.

So, here's how you can personalise two-wheeler insurance. There are several options to buy the best two wheeler insurance India and customise it your way. Reap the benefits of hassle-free insurance claims and valuable financial support during an emergency.

Click HERE to know more about the benefits of purchasing two wheeler insurance India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Numerous banks and financial institutions provide personal accident insurance as a perk for cardholders who use them frequently. In this article, we'll examine how banks and financial institutions offer personal accident insurance plans for their cardholders, how they operate, and their significance.

1. Personal accident insurance: What is it?
Personal accident insurance offers protection for an accident-related injury or death. In the case of a covered accident, these plans often provide a lump-sum payment to the insured or their beneficiaries. The coverage is usually offered for a predetermined amount of time, such as one year, and can be renewed yearly. The coverage can be used for medical bills, lost wages, or other accident-related charges.

2. How do personal accident insurance plans operate for cardholders?
Plans for personal accident insurance are frequently provided as an extra perk to people who actively use credit or debit cards. The coverage amount varies depending on the card issuer and your card type.

When you sign up for a personal accident insurance plan, you are protected for a predetermined time frame, such as a year. You or your beneficiaries may submit a claim for an accident-related injury or death to collect the coverage amount. The payment is usually made immediately to the insured or their beneficiaries after the claim has been processed.

3. What explains the need for personal accident insurance?
Accidents can happen to anyone, and the associated medical costs and economic loss can be substantial. In the event of an accident, having personal accident insurance coverage can provide you peace of mind and assist in reducing some of the financial strain.

Personal accident insurance policies are mostly less expensive than standard health insurance. They do not have the same level of coverage as health insurance because they are devised to provide coverage exclusively for unexpected mishaps. Yet, for people who wish to safeguard themselves and their families in the case of an accident, they are more affordable solutions.

4. How to invest in a personal accident insurance plan with your card?
You might be qualified for a free personal accident insurance programme if you often use your credit or debit card. To see if your credit or debit card issuer offers this advantage, contact them first if you're interested in signing up for a personal accident insurance plan. These policies are frequently provided free of charge to cardholders by banks and other financial institutions, while the details of the coverage and eligibility criteria may change.

You can enrol in the plan online or by contacting the card issuer's customer service to avail of personal accident insurance coverage. Your bank might ask for basic personal information, such as your name and contact details to verify your account with them. Also, it's crucial to carefully study the terms and conditions before enrolling. Ensure you know potential limits or exclusions and what is and is not covered.

You can also buy a stand-alone policy from an insurance company. These plans often have higher premiums but may provide more comprehensive coverage than card issuers.

It's always better to ask your credit or debit card provider whether they provide the option to enrol in personal accident insurance. But never get too excited! Read the terms and conditions thoroughly to understand the inclusions and any limits or exclusions that could be applicable. When you have the appropriate personal accident insurance plans, you can rest assured that you and your family are covered in the case of unforeseeable circumstances.

Click HERE to learn more about the benefits of personal accident insurance plans.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Road trips with family members, friends, or companions are a pleasant experience to enjoy. You are jamming to your favourite songs, catching updates about one another's personal life, enjoying the views of the route, and are just taking a much-needed break from your hectic work life. All this sounds amazing, comfortable, and convenient. But what would happen if something suddenly goes downhill and you land in a chaotic situation you did not expect?

You must know and be aware of the practical solutions before you end up in a chaotic situation. This blog will discuss the driver and the co-passenger aspects of car insurance. So, here's all you need to know about car insurance's driver and passenger cover. Let's get started!

1. In accidents, passengers get severely injured along with the drivers. As a mitigation measure to avoid financial stress during unfortunate circumstances, getting a passenger's insurance would help to protect their life.

2. The policy covers up to two lacs of hospital and medical bills and permanent or short-term disability liability. In case of the passenger's death, the financial support will go to the nominees or the person to whom the policyholder assigned the money and the responsibility.

3. Personal accident insurance is mandatory for the owner and the driver of the designated vehicle. Passenger insurance is separately entitled insurance unrelated to personal accident insurance. Although, do not mistakenly assume that the lack of enforcement to get a passenger's insurance is something you can be careless about. Secure everyone's lives-whoever is travelling in your car.

4. There are various types of car insurance coverages for both the drivers and the passengers. These include (owner-driver) personal accident insurance, paid drivers' accident coverage, and unnamed passenger personal accident insurance, to name a few. The paid drivers' personal accident coverage ensures that whoever you hire to drive your car is enlisted in that insurance as a paid driver. You can get this add-on benefit in exchange for a small amount. This tends to be a massive plus in the long run, especially during sudden accidents or risks. The individual registered under the title of the paid driver is only eligible for the amount the insurance is supposed to cover.

Unnamed passenger personal accident insurance can be bought as an add-on to protect the life of the passengers travelling in your insured car. You can select the add-ons according to the number of passengers your vehicle can have. And it is mandatory that during sudden situations where you might land in an accident, or something unfortunate happens, this benefit will be only applicable if there are not more than the legally permitted number of passengers (according to your car model and government and companies' instructions).
As the owner of the car and someone who owns a driving licence, you must have owner-driver personal accident insurance under your auto insurance. The insurance amount would be passed on to your legal and enlisted heirs in case of physical disabilities or death due to a vehicle under your name.

5. The owner-driver and the passenger cover under auto insurance act as a secondary safety net for you and your fellow passengers. Usually, standard insurance policies do not offer you such benefits. In the case of the owner-driver personal accident insurance, the insurance company will ensure that the amount reaches the nominee of your insurance in case of any death or tragic circumstances.

As we are already discussing insurance, you must also consider your car's security. Your car is your asset, and you must protect it under comprehensive car insurance. You can also save a considerable cost by avoiding intermediaries' involvement. Buy online car insurance and eliminate the unnecessary stress of the cumbersome process, long waiting time, and commissions to agents.

Click HERE to know more about online car insurance.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

Mental health has been a stigmatised topic in India for many decades. While in the cases of most physical illnesses, people are willing to consult a health professional as soon as they detect a disease, they find it challenging to do so in the case of mental health issues.

This is because of the widespread false notion that if you have a mental illness, it makes you a weak person or there's something wrong with you. It is not usually as easy to detect, so it often goes untreated. However, the recent interest in individuals' overall health and well-being has increased interest in purchasing the best health insurance policy in India, which also offers coverage for mental illnesses.

Ignoring your mental well-being can have several adverse impacts. Read the full article to understand the importance of mental health consultation for complete wellness.

1. Mental health affects your physical well-being
Mental health is often seen as something completely separate from physical health. However, we need to realise that the brain is the most essential part of the body. When it gets affected, it ends up affecting the whole body. If this seems too far-fetched, consider that poor sleep and insomnia are caused most widely by stress and anxiety. So are heart palpitations. In a way, the reverse is also true. Since problems in physical health can also cause mental health issues, people with chronic or life-threatening physical illnesses should be constantly monitored for mental health issues.

Trauma, such as head injuries, is the most common example of this. In these cases, it's best to consult a mental health professional immediately and buy the best health insurance policy in India that also covers mental illnesses.

2. Early detection makes a huge difference
As with any disease, early detection makes a world of difference. Symptoms worsen with time, and like physical illnesses, treating a mental health issue is easier when the symptoms are mild. Also, chronic mental issues significantly impact patients' daily lives and make regular routine seem more daunting. It may also cause strained relationships with family, friends, and co-workers, which is undesirable. Early treatment can avoid these complications.
 

Signs you might need to consult a mental health professional

● Sluggish feelings and declining physical health
Physical health is one of the most significant mental health indicators. Depression and anxiety cause many problems in the body, including headaches, fatigue, cardiovascular problems, and muscle aches. They also affect the endocrine and immune systems, affecting physical health adversely.

● Losing interest in hobbies
Depression and other mental issues can make you feel increasingly alienated from the hobbies and activities you previously enjoyed, whether gardening, a sport, or simply socialising.

● Withdrawal from previously fulfilling relationships
Isolation is one of the prevalent methods people use to deal with declining mental health. This can take a toll on your existing relationships and cause them to deteriorate, alienating the ailing person even further. A psychologist can be very helpful in these situations, as they can reinforce social skills and help you practise making healthy relationships again.

● Adverse impact on work performance
A decrease in work performance indicates declining mental health. When you start finding work extremely hard to do and feel lethargic all the time, it is essential to consult a mental health professional immediately.

There is no shame in seeking help when you need it. Taking care of your health's physical and mental aspects is of utmost importance. While consultations can help as a preventive measure, buying the best health insurance policy in India is an excellent way to protect yourself from rising medical costs.

Click HERE to know more about the best health insurance policy in India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.