GENERAL INSURANCE BLOG

Cycling is not just a sport. It is also one of the healthiest habits one can develop, to keep one's mind and body in good shape. It's no wonder that cycling is a prevalent pastime among people after all these advantages. This way of travel is steadily gaining popularity among people of the new generation.

It is also a feeling that gives us nostalgic moments from our childhood. Cycling is an excellent way to spend time with yourself. Who doesn't want to cycle through the beautiful, frosty Himalayas, Meghalaya's lush green forests, or Udaipur's rich cultural city?

This blog has curated the perfect list of cycling tours in India to give you information on planning your next cycling trip!

1. Mangalore to Goa:
This scenic stretch of road along the coast of the Arabian Sea is one of the most breath-taking sites to see in the world. The quaint villages of the south will amaze you with the beauty in their simplicity, the waterfalls, temples, and national parks in the area are a bonus. Don't stop when you reach Goa. Visit all the key tourist sites on your bicycle to get the full experience of the trip.
This 350-kilometre trip might seem difficult, but with the right company for motivation, it will prove to be one of the best experiences of your life. This trip, on average, takes 06 days to complete.

2. Puducherry:
Going further south, there's nothing like cycling through the picturesque city of Puducherry (formerly known as Pondicherry). Dotted with the best of the post-colonial architecture of the French, this vibrant city has beautiful cathedrals, coffee shops, and, most importantly, the famed town of Auroville. Don't forget to book your ticket to Auroville in advance to gain a different perspective on spirituality in this renowned town of devotees from all around the globe.

3. Manali to Leh:
The stretch between Manali and Leh is the perfect route if you're looking for more of a challenge and less of a holiday. This endurance test will give you one of the most life-altering experiences. Manali is a charming city, popular among nature and adventure lovers alike. The way to Leh is the famed Rohtang Pass, at an altitude of 13000 feet. The majestic mountains and the scenic lakes are something to experience once in a lifetime. It is imperative to know that this trip pushes your limits and will require your full physical fitness. These are difficult roads to take, and it is best to research general insurance companies in India before planning your trip.

4. Shillong to Cherrapunji:
Moving to the beautiful northeast, Meghalaya is a mesmerising monsoon destination. With the drizzling rain pattering on the rich flora and fauna of the forests, it's a nature lover's dream come true. Meghalaya is a gorgeous yet primarily unexplored part of the northeast that should be on every cyclist's list. It is the perfect ride for the curious traveller with bountiful greenery and terrains. This 60-km journey might be difficult, but it is worth.

These cycling trips will surely be enjoyable and eye-opening experiences for individuals. It is worth riding up the hills, the jungles, and the cities' interiors. Before hopping on the seat, it is essential to wear all necessary safety gear like helmet, knee and elbow guards, and most importantly, do the servicing and maintenance of your bicycle.

It is stressful when there is uncertainty of an accident. Research the best general insurance companies in India for buying a travel insurance cover to stay protected and enjoy your trip without any worries of mishaps. You are now all set to get the wheels moving.

Click HERE to know more about general insurance companies 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.

It is highly inconvenient to face water leakage in the home, be it a major one like a burst pipe or a steady drip from the tap. If not controlled in time, water leakage is expensive damage to deal with at home. It can waste gallons of water, but the maximum damage occurs if water seeps into the ceiling and destroys the walls and the paint job.

Our homes even face significant damage due to water leakage during monsoon. Heavy rainfall leads to leakages that get frustrating over time. This blog provides practical ways to deal with such leakages at home before calling an expert.

How to prevent a water leak:

Prevention is always better than cure. A few annual regular check-ups can prevent the hole in your pocket. Keeping this in mind, here are a few ways to check-up on your water pipes and supply to avoid massive repair work.

1. Keep your spidey senses on and feel around your home for areas with moisture or mould that might leak the plumbing. Inspect the most vulnerable parts of your home, including the roof and the walls, to check for any dampness.

2. The pipes exposed to the elements should be adequately insulated to prevent their material from eroding. Insulating material comes cheap, so this method is highly cost-effective.

3. A stopcock can stem the flow of the water supply around the house. Make sure to know the exact location of your stopcock to prevent flooding in the house due to a sudden burst pipe.

4. Install a water leak detection device at home.

Know how you can detect a leak:

To fix a water leak, you need to accept and inspect that it’s happening. The easiest way to check up on your plumbing is to check your water usage. If it has significantly increased, there might be a probability of a water leak. If this method seems too unsure for you, you can turn on the water supply without using water for an extended amount of time, say 02 to 03 hours and check if any water has been consumed. This is a sure sign that there is a leakage somewhere.

Ways to fix the water leak:

1. Turning off the water supply: The first step to prevent further damage to your home is to stop the water supply to the house and perform a thorough inspection.

2. Turning on the faucets to drain: If there is a significant leak in the house, the next best step is to drain all the water in the pipes and faucets. Start with the garden hose if you have one, and let the water run out.

3. Locate the problematic area: Go around the house checking for leakage, whether major or minor, and get it fixed.

4. Applying epoxy putty: Before this step, it is essential to wear latex gloves to protect your hands because hot epoxy putty can end up burning them. Epoxy putty is readily available in all hardware stores and can be a temporary fix to a leakage. Mound the epoxy putty well and apply a generous layer over the leaking pipe or tap.

Although epoxy putty is a helpful fix to many problems, it is ultimately beneficial if you can get a professional to fix this issue. If it’s a major plumbing problem, it might damage the ceiling or walls and can be extremely expensive to repair. Reliable house insurance India is always the best way to prevent these expenses from emptying your wallet. You cannot risk your belongings at the cost of water damage. Invest in the best house insurance and get advantages that will help you reap good returns on your investment.

Click HERE to know more about house 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.

Data is considered to be the goldmine in today’s day and age. When appropriately utilised, it is one of the most critical resources that can provide great insights regarding several aspects of industries, consumers, products and services, and much more. The demand for data analysts, cloud computing, machine learning, and data science experts is very high among the top skills organisations for several critical roles related to data. This helps them understand the market and current data to curate future projections about their businesses and associated clients.

Data analytics is the most up-and-coming field across all sectors of industries. Companies are investing tons of money, resources, technology, and workforce in analysing relevant data across various platforms. Through this blog, let’s understand how data and analytics are shaping the future of insurance.

1. Understanding predictive analytics:
We all make predictions about specific things based on the facts we have in hand or the experience from similar situations we might have been through. Similarly, insurance companies use predictive analytics as an integral method to predict patterns and trajectories regarding various parameters. Predictive analysis is an umbrella term comprising multiple methods like data mining, statistical analysis, data configuration, predictive modelling, artificial intelligence, machine learning, etc. These techniques help the insurance companies generate reports that would then provide analysis and information about several risks, policies, consumer behaviour, and future revenue and business projections.

2. How to make sure that your “flight-risk” consumers stay:
Insurance companies try to identify consumers with immediate cancellation tendencies, high premium possibilities, or lower coverage. These potential customers require special attention and care from the insurers to convert or stay their customers.
Data and analytics reports can help insurance organisations identify the areas of concern that need attention and how the services can be improved from the consumers’ perspective. Advanced insights, reports, and patterns can help insurance companies analyse the pain points and friction between the organisations and the customers. This aids them in making the improvements and offering the best deals for their customers, which won’t be a loss-making situation for the company.

3. Personalisation is the key:
Customers want services and products tailored according to their demands and the trends in the current market. Making the services more consumer-focused helps the insurance companies eliminate the competition and gain more customers.
Personalisation is directly related to consumer loyalty which benefits organisations greatly in the long-term projections. Customer retention costs are pretty less compared to the expenses of customer acquisition. Fewer businesses and brands focus on customer retention and implement marketing gimmicks but don’t get desired results. Personalisation is the answer to your customer retention and consumer loyalty equation here. Data analytics help you identify the red flags when rating the customer satisfaction provided by your insurance company. This allows the insurers to understand the market trends, how consumer demands are changing, and how they can bring their services up to the mark. The red flags can turn green based on the current reports, the future projections, and the options and techniques which can be implemented to achieve the targets and results.

Other ways in which data and analytics are revolutionising the insurance market include fraud detection, risk and mitigation measures, managing workforces, determining premiums and dealing with insurance claims, and much more.

Customers are advised to purchase GENERAL INSURANCE to ensure their financial assets are protected, and they can earn some profit even during financial losses. You can explore all your options and determine a general insurance company with high market credibility, attractive premiums, and an excellent claim settlement ratio.

Click HERE to know more about how you can find your ideal general insurance company.

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.

Using your private property for commercial purposes may seem like a fantastic way to grow your business if you have an office at home. It has been common practice to convert a residential property for commercial use to increase income. However, housing societies usually don't appreciate it when a whole residential unit is used for business.

Owners are permitted to use a portion of the property for commercial purposes. However, there are several restrictions and legislations that you must be aware of to use your apartment as an office space. In addition, getting the best home insurance policy in India can help you save money when you rent or buy a business space.

Is there a regulation in India that governs how residential property is used and rented out?
Across Indian cities, the zoning law is enacted by the local municipal government or authorities. It governs the use and allocation of land to different services and purposes. According to the legislation, commercial activity should be kept out of residential areas for the benefit of residents and to encourage the growth of the proper commercial regions.

What exactly does the law state?
It is essential to note that different states have different levels of leniency when it comes to commercial use. In some states, professional service providers such as doctors, lawyers, and chartered accountants are permitted to use up to 30% of their homes for business purposes. But in other states, they are not.

Before converting a residential property into commercial space, ensure that it's permitted. You must get clearance from the local housing authority. Once a property has been officially considered for retail space, it will be regarded as such for all purposes, including paying a higher property tax rate than a residential property.

Things to keep in mind when turning a residential property into a place of work.
Commercial activity is any activity related to the buying and selling of merchandise. Most housing societies allow the operation of businesses such as professions, services, and the teaching of specific art forms.
Activities such as yoga classes, tuition classes, or the services of chartered accountants, doctors, and lawyers are not considered as commercial activities. Commercial activity within residential properties may not be authorised due to security concerns as they create a significant traffic hazard for the neighbourhood.

For those who are willing to use their home for commercial purposes, here are a few considerations to bear in mind:

1. Before making an application, make sure you know exactly how much space you'll need and what kind of business you want to start.

2. Obtain a permit to operate a business from the local municipality.

3. Ensure that your clients are not using communal spaces such as the parking lot or other amenities.

4. If your home is turned into a business, you may have to pay more property taxes.

Many people find that running a business from home is an excellent way to save money since the cost of rent and transportation are significantly reduced.

Before starting a business in a residential space, get approval from the housing society, local councils, and zoning authorities. Also, get the best home insurance policy in India so that you can keep your apartment safe as you turn it into a business.

Click HERE to get the best home 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.