GENERAL INSURANCE BLOG

A world without general insurance is a world with millions of financially unprotected people. It may even be compared to a person without vaccination! The going is good as long as you don’t contract major diseases.

Why is insurance important?

It's not always possible to prevent falling sick. No matter how careful you are, someone can still break into your house. This uncertainty is what makes insurance important. It's a safety net that ensures that even if something happens, your finances don't suffer. At least not too severely. You can think of insurance as that vaccine that safeguards you against any future issues. After all, it is better to be safe than sorry.

General insurance in India covers an entire gamut of important aspects like health, home, vehicle, travel etc. Thus, to overcome the risks of everyday living, we need its security.

But what happens if there was no insurance?

You never realize the value of something until it isn’t available to you. That’s just good old human nature. So let’s appreciate insurance for what it does for us today.

Scenario 1:

You are driving back home, and it feels like every other day. However, a novice driver, driving a car with an L sign, hits your car and then speeds off. It leaves you with a broken headlight, dents and a damaged bumper.

Without motor insurance, now you need to pay everything out of your pocket. 

Motor Insurance would have covered you by paying for damages to the vehicle and its owner. You could even increase your coverage by opting for add-ons such as personal accident cover and engine protection. Sounds much better than just lamenting at your loss right?

Scenario 2:

Your family has had a history of heart disease and you know you also run the risk of getting it. But there's no way to prepare for it. Later down the line, you need to get an expensive surgery done. While you manage to pay for it with all your savings, now you aren't left with much. You also are required to quit your work to recover.

This would not only affect you but your family's lifestyle as well. Health Insurance, in this case, could not only have taken care of your surgery but pre and post hospitalization expenses as well. It covers our hospitalization, OPD treatments and even alternative treatments like Ayurveda. It is truly a necessity with rising prices of healthcare these days.

Scenario 3:

You are returning from a vacation in the U.S. However when you arrive in India, you find that your luggage has not reached. After contacting the airport officials, you realize that your luggage is lost. Not much you can do about it except hope that the airline reimburses you for your loss.

This is where travel insurance comes to your aid. It ensures that you get a predecided amount in case your luggage is lost by the airline. Not just that, it can also cover you for flight delay, missed flights and more.

It should be clear enough now how our world would be affected if there was no insurance. You may or may not need it, however, the risks of remaining uninsured are far more disastrous. A world without General Insurance would be far more costly in every aspect that you can imagine. To find more about your options for general insurance in India, you can click here.

Health insurance happens to be one of the most serious decisions of your life as far as your health is concerned. Good health insurance policies ensure you the much-needed peace of mind, as it protects you and your family against the various health hazards that may find you unprepared.

Here, we will look at seven things to keep in mind before buying health insurance in India.

1. Getting early protection

Your health is at your prime when you are young. If you are opting for health insurance when you are young, then your premiums will also be cheaper. Besides, you can get other benefits such as a no-claim bonus, which means that you will get a discount on your premium amounts every year.

2. Fill the application form correctly

One of the most essential factors that you should take care of while buying health insurance is filling the application form correctly. Never lie about your health condition in your application form, as it may land you into trouble while filing claims.

3. Choosing lifetime renewability

Opt for health insurance which provides you maximum cover up until your old age, since you will be vulnerable to more ailments as you grow older. A good health insurance sticks with you throughout your life and can be renewed whenever you need it.

4. Opt for paperless policies

With the prevalence of the internet, it is much easier to do things offline than actually having to go through the rigorous process of filling up forms manually. Health insurance policies that have online support and are hassle-free. They also offer seedier reimbursement as you have the option to file claims online.

5. Get a thorough coverage

When opting for health insurance, choose an insurer that provides you with both pre and post hospitalization expenses, and everything that comes in between. This will ensure that you do not have to spend anything from your pocket. Everything should be covered, from doctor’s fees and medicine to bed charges.

6. Network of hospitals

Accidents and ailments can hit you anytime and anywhere. Once you are ill, it’s not the best thing to travel from one place to another to get admitted to a hospital. TO make sure that you get treatment where you are, opt for a policy that has an extensive network of hospitals.

7. Claim settlement rate

Good insurers are known for their excellent administrative process, which makes sure that the claims you file are attended in due time. To reap the benefits of your insurance, opt for a provider that has a high claim settlement rate so that you claims do not go unsettled and you actually reap the benefits.

If you are looking for the Best Health Insurance Policy In India, then Magma HDI health insurance policies could be the answer. It offers cashless hospitalization its vast network of more than 4,100 hospitals and comes with features such as optional cover for critical illnesses and accidents and a 24x7 claim assistance.

The thing about youth is that it is not everlasting. It comes and goes before you might even realize. As you dawn towards your old age, you may be left to wonder if you made the best out of your youthful days or not — such is the tragedy of time.

When you are young, you will also want to experience the thrill and excitement which comes with certain activities, such as riding a motorbike. Riding is one of the popular occupations of youth — one that they rejoice in whole-heartedly.

Here, we will look at some of the best bikes that you can ride in your youth days.

Bajaj Pulsar

The Baja Pulsar is often called the first sports bike of India. It is cost-effective and comes with a unique design and a powerful engine which makes riding it a thrilling experience. It comes in several variants, with engines clocked at 150 cc, 180 cc, 200cc, 220 cc; the Bajaj Dominor even has a 373.3 cc engine which makes it fast and aggressive. If you are looking for a ride which promises good acceleration, fast speed, and decent mileage, then the Bajaj Pulsar could be your go-to option.

Yamaha FZ

Yamaha bikes are known for their engines as they perform exceedingly well on race tracks as well as Indian roads. The Yamaha FZ series is also known for its muscular look. It is finely cut out and crafted to stand out among other bikes. It has excellent acceleration, thick tires for better grip, and handling which will make you fall in love with it. Besides, its attractive digital meter puts all the riding stats into perspective, promising you a thrilling and engaging ride experience.

Royal Enfield

The Royal Enfield series particularly stands out for its stout engine and durability. You can ride it for miles straight, and the engine won’t even squeal. If you are someone who goes for long rides, then it should be an ideal fit for you as its powerful engine and huge tank capacity makes sure that you do not have to stop as often as you do with other bikes. The Royal Enfield engine is designed in a way where it can cruise for long hours without overheating.

TVS Apache

The TVS Apache series is known for its finely crafted design and a seating position which provides an excellent grip on the handle. It is also known for its acceleration and smoothness. It is a good mix of mileage and power, which makes sure that you do not consume much fuel as you cruise your way down the highway. There are several variants of the Apache to choose from, so pick one which suits your speed-need the most.

While bike rides can be thrilling and may excite you to a point where it becomes an addiction, it is essential that you get good bike insurance which protects you and your bike from unforeseen circumstances. Magma HDI bike insurance offers one of the best Two-Wheeler Insurance Rate so that you can save money on your insurance premiums and not burn a hole in your pocket.

Two-wheelers come as saviors at a time when Indian roads are bustling with traffic. It is particularly annoying when you are going out for a ride. If you are alone, then rides are best experienced when you are on a two-wheeler.

The thrill is worth mentioning. You let the wind graze past your face and the sound of the engine, adding to the overall aesthetics of the right. There is so much for the eyes to see, for the senses to behold.

Here, we present to you some of the best two-wheelers that you can buy for Indian roads.

1. Hero Splendor

The Hero Splendor is a classic and still manages to retain the design and durability of the classic Splendors, which means that you can trust this bike to be your companion for a long, long time. Currently, it rules the two-wheeler segment by a record number of sales. In June alone, the model sold 2,23,532 units, which is the reason why it makes to the top of our list.

2. Honda Activa

The Honda Activa is India’s favorite scooty and can be trusted on Indian roads with a decent pickup and mileage. It is known for its sleek design and durable engine. It recorded a sale of 2,10,961 units in June, which makes it the second favorite purchase. It is a decent option if you a frequent rider in city traffic.

3. Hero HF Deluxe

Another low-range Hero bike, this model falls to the third spot with a sale of 1,93,194 units. With an on-road price of a little above Rs 50,000, this bike is indeed one of the favorites when it comes to the two-wheeler segment. It has a 100cc engine, which means that it can ensure decent performance besides providing high mileage.

4. Honda CB Shine

This Honda model has been a favorite for a long time. It has dispatched 84,871 units in the month of June. Honda engines are known for their efficiency and long-run performance. If you are looking for a bike that promises a decent pickup with good mileage, then you should certainly explore this option.

5. Bajaj Pulsar

The Bajaj Pulsar models grab the fifth spot with a sale of 83,008 units. With a variety of models in the range, the Pulsar series has been a favorite for long, as they promise high engine performance, sleek design, and mileage which is decent for the Indian roads. These features make the Bajaj Pulsar a favorite among Indian customers.

Once you have purchased one of these bikes, it is crucial to buy two wheeler insurance for them. Magma HDI two-wheeler insurance offers features such as additional cover with the support for anti-theft devices. If you are looking for affordable, long-term two-wheeler insurance, then Magma HDI Two-Wheeler Insurance Online could come to your aid.