GENERAL INSURANCE BLOG

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.

Your home is the place where you have the most beautiful memories. It is the place where you grew up to become the person you are today and where your heart resides. Hardly anyone can wait for their job to be completed so they can rush back to the comfort of their homes. It is the place you will never forget in your life. Even when you grow up and get your own place, your childhood home will always have a special place in your heart. It is the place you saw all your dreams at. It is crucial to protect your home from unforeseen circumstances. In case of fire, you can lose all your belongings and your home and will be left with nothing.

Rebuilding your home will be costly, and not everyone saves up that much money. Getting home fire insurance from fire insurance companies in India is the best way to secure your home. In case a fire breaks loose in your home, home fire insurance will provide coverage for damage, and you will be able to rebuild your home without any problem. Here are ten things you learned in preschool that will help you with home fire insurance:-

• You can ask for an advance from the insurance company in case a fire occurred at your home. You will probably lose a lot of your belongings in the fire, and the advance will help you carry on with life with a bit of normalcy. The advance amount will be cut from your total coverage amount, though.
• Make a list of all the items that suffered damage due to fire. You should not throw anything away as the items though unusable, will be proof that they indeed suffered damage. If you throw away anything, the insurer may deny compensation for it.
• Call the insurance company as soon as possible after the fire. The insurance company will ask you for a list of all the items that you lost and their value. You must include all the items as well as repairs that will be required and injuries suffered by family members.
• Try to reduce any future damage at your home. The insurance company will expect you to protect the property from further damage. You must do some impromptu repairs in your capacity and move the belongings that are unharmed to a safe location.
• Keep all the bills that you incurred while you were living away from your home. The insurance company will only reimburse that you the amount you had to spend overhead from your general living costs.
• Hire a contractor to get estimates for the repair and replacement. Hire a contractor that has experience dealing with insurance companies.
• You must keep paying your insurance premiums even after filing the claim. This will make sure that your house is covered in case any damages occur after the fire.
• You have the right to not close our claim for as long as you want. You might have overlooked something in the trauma after the fire. Take some time to ensure you have covered everything.
• If you are not able to reach a settlement with the insurance company after hiring a contractor, you can hire a public adjuster. He will take around 10 percent of settlement money but can help you get a significantly higher settlement.
• 10. Do not be afraid to lose your coverage because of raising a claim. If disaster did occur, you are doing nothing wrong and will not be treated as a "habitual claimant."

All these things will help you when dealing with Home Fire Insurance . If you do not have a home fire insurance yet purchase one now from fire insurance companies in India.

A good marine insurance guards you and your consignment from a variety of hazardous and unforeseen disasters and events. Below are all the clauses that are pivotal to marine insurance in India-

1. Institute Cargo Clause A- This clause covers all kinds of risks involved from loading and unloading to risks during the voyage.

2.Institute Cargo Clause B- This clause covers lesser risks compared to clause A and must be meticulously checked before buying as it may exclude key risks your type of work may be exposed to.

3.Institute Cargo Clause C- This clause covers the least number of risks and might even be the cheapest. However, the risks are higher at sea and if this clause is being adhered to, then one must research thoroughly before buying.

4.Valuation Clause- In this case, both parties namely, the insurance provider and the customer mutually agreed upon a said value. In case of damages, the compensation will be equal to the value and not any more than that. This ensures that both parties are convinced and arrive on common ground.

Art and Form' Clause- This clause usually states the time when the risk will start and be covered. This is important as most people don't read through the specific marine insurance clauses provided by their insurance provider. For example, if the marine insurance states, 'at and from Chennai' then only risks considered will be post-arrival to Chennai port and when it leaves the port.

Sue and Labour Clause - According to this clause, if an insurance holder has spent money to save goods from impending loss, then he or she is to be compensated for those charges by the insurance company. Additionally, unlike the 'change in voyage clause' here, any deviation does not have anything to do with saving the 'subject matter', the insurance company policy will not become void even in cases of a deviation or change in the voyage.

Warehouse to Warehouse Clause- The marine insurance policy mentions the warehouses that the goods are taken and delivered to. This means the company will take charge if any uncertainties occur while goods are being bought from hinterland to port and also during the voyage.

8. Change of Voyage- Any marine insurance mentions the details and the ports of arrival and departure accordingly. Insurance policies also provide said routes that are to be adhered by and followed. In cases of a deviation, marine insurance companies are not liable to settle the claim. If the route is later revered to, then this change is considered as a deviation. However, the insurer is not liable to secure against losses occurred in any change in the original route.

9. Touch and Stay Clause - This clause ensures that ships stay at the ports mentioned in the marine insurance policy. If a certain port is not mentioned, a ship must follow the routes given in policy and stay at the mentioned ports only. Only emergencies and justifiable reasons will be considered for calling at ports.

10. Inchmaree Clause - Under this clause, the negligence of the master or crew members are also covered under the insurance policy. Apart from this, other losses occurred during loading and unloading operations will also be duly recovered.

11. Jettison - In certain circumstances, shops may have to throw excessive luggage when it's the only way to save them. This is called Jettison and must be done intentionally and immediately.

12. Memorandum Clause - Under this clause, the insurance company does not have to pay for the losses of perishable goods. These losses will not have to be paid by the policyholder either.

With the awareness of the above clauses, you can be prepared to obtain a good Marine Insurance in India and be certain that the cover includes the above clauses. This will also help you in obtaining a good deal.

The outbreak of COVID 19 has affected millions of people across the world. This infectious disease is caused by a family of viruses that results in acute respiratory illnesses and might also include pneumonia, kidney, and lung failure. In critical and severe conditions, it might also lead to multiple organ failures. In such a situation, you must have coronavirus insurance, which can act as a protective cover. For this, you must look for the best insurance policy in India, which will help you to deal with any medical emergency.

What is the importance of Coronavirus health insurance?

Coronavirus Health Insurance is an insurance policy that covers the medical expenses that will be needed during the treatment of COVID 19. It is designed in a way so that it can cover your hospital expenses from the time the ailment is diagnosed until the time you have fully recovered. Since this is a viral infection, the health insurance policy will pay the hospitalization expenses that will include both in-patient and out-patient expenses for the treatment of COVID 19. With the rapid spread of this disease, the world has been witnessing events that it has not seen before. It has also restricted people from moving out of their houses, which has affected the business operations as well. In times like this, there will be financial problems, and having to deal with medical emergencies can be challenging. Therefore, staying prepared is a wise idea so that you do not have to worry about the treatment. So, to secure yourself and your families at the time of such pandemic, you need to subscribe to the Best Insurance Policy In India . Most of the people have a question if the Coronavirus health insurance is already covered in their existing health insurance policy. However, if a person opts for a policy after contracting the disease, they will not be entitled to get coverage of the treatment.

Useful information about Coronavirus Health Insurance

• Since COVID 19 is a highly infectious disease, people with weak immune systems and older people are at higher risk of contracting the disease. So, having a family health cover with a high sum insured is highly recommended, especially at times when the healthcare facilities have become expensive.
• The next thing to know is the waiting period as medical insurance policies come with an initial period of 30 days. This means that for getting the treatment, except for emergencies, the policyholder will have to wait for 30 days.
• Also, the Coronavirus health insurance plans provide you with a range of medical costs from 60 days before getting hospitalized, usually for a period of 30 days, which also covers ambulance, OPD and ICU charges, etc.

How to claim the Coronavirus health insurance?

The first way to claim this insurance is through cashless claims. Most of the health insurance policies offer cashless treatment, which means that you do not have to make the payment, and the insurance company will settle the treatment bills directly.

Another way is through the reimbursement claims, which are meant for policyholders who receive treatment at a non-network hospital of the insurance provider. In this process, you will have to pay hospital bills in full at the time of your discharge.

The benefits of having the best health insurance in India is evident from the above analysis. So, make sure that you continue to pay your premiums on time to continue enjoying the protection cover.