GENERAL INSURANCE BLOG

There are numerous factors to consider when buying two-wheeler insurance. While they may seem intimidating, they are not complex. You can quickly learn about them with access to relevant information. Today, we will discuss how depreciation affects your insurance premium.

After reading this blog, we ensure that you will get a good grasp of how depreciation affects the cost of your two-wheeler insurance. So let us guide you through it.

Firstly, what does depreciation mean?
Depreciation is calculated primarily on your two-wheeler's Insured Declared Value (IDV). It's the estimated market value determined by your insurer depending on the brand and model. So, depreciation is a drop in the IDV over time. It is caused by the wear and tear of the vehicle.

How will it affect your Insurance Premium?
The Insured Declared Value (IDV) is the entire amount that the insurer would pay you if your two-wheeler gets damaged. So, if your vehicle's IDV is high, your insurance premium will automatically increase. And if your IDV is low, your insurance cost will also be low. This implies that the insurance cost is directly proportional to the IDV.

How will your IDV be calculated if the age of the two-wheeler exceeds 5 years?
If your two-wheeler is more than 5 years old, your insurer will compute the IDV according to their criteria. In this instance, your insurance provider will make the final decision based on the condition of your two-wheeler and its components.

*Note: IDV depreciation will grow at a rate of 2.5% every year thereafter.

Insurance companies also have IDV calculators on their websites so that you buy two-wheeler insurance online. You have to enter your bike’s registration number and past insurance policy status and get a quote.

Want to know how add-ons help in this?

The answer is obtaining a zero depreciation add-on cover while buying insurance. Also known as a nil depreciation add-on, you can buy it at an added cost to enhance the insurance policy. It enables you to get the total cost of replacement of components at the time of claim and avoids the insurer's compensation from being reduced. It is an excellent feature to protect against damages while filing a claim and buying replacement components.

You can ask your insurance agent for this add-on. Moreover, you can get this add-on even when you buy two-wheeler insurance online without any intermediary.

Have you gained an insight into the working of the depreciation factor? The value of your bike starts decreasing the moment you take it out of the showroom. So, you need to undertake the security of your two-wheeler and assure hassle-free claim settlement at the time of mishaps.

We recommend getting a zero depreciation cover for your two-wheeled companion if you haven’t already and get the advantages of 0% depreciation coverage. Although it appears to be a little expensive in the premium, but it will help in more significant savings in the longer run. Be future-ready and buy two-wheeler insurance online to ensure the safety and longevity of your valuable two wheeler.

Click HERE to explore the plans and buy two wheeler insurance online right away.

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.

The pandemic has brought the whole world to a standstill and has taught us the importance of health. Proper nutrition and exercising are vital components for taking care of your body. But, so is opting for the best health insurance that suits your needs.

Today, let's talk about the cashless mediclaim policy and how it provides a convenient way for accessing medical necessities and hospitalisation without worrying about settling the bill. The expenditure during the hospitalisation period is paid to the hospital directly by the insurance company. This eliminates the pressure of reimbursement and allows more focus on the patient's health.

If you are planning to get a cashless mediclaim policy, consider these benefits to get better clarity.

1. Cashless mediclaim policies bail you out of the tiring and extensive process of filling lengthy forms and papers. It gives you the freedom to concentrate on the patient's health without worrying about the monetary aspect of the situation.

2. It saves you from the increasing costs of medical care in India and guarantees a hassle-free experience in the time of a medical emergency.

3. Cashless mediclaim policies minimize the financial burden. They provide monetary coverage, and you don't have to worry about arranging the cash in advance for medical bills.

4. Not only do they cover the hospitalisation expenses, but they also take care of your pre and post-hospitalisation financial worries. Some of them also include benefits like checkups at regular intervals, ambulance charges, domiciliary treatment spendings, etc.

5. Managing a medical emergency in an unknown place would be stressful and difficult. In such times, a cashless mediclaim policy might come to your rescue as they have extensive coverage of several hospitals nationwide. With these policies, you can put your mind at ease and travel without a shred of fear about you and your family's health. By observing the rapid increment in the customer database, the features of cashless policies are being updated regularly to meet the requirements of the customers and the industry.

6. Under Section 80D of the Income Tax Act 1961, the premium paid for the policies is eligible for tax benefits (up to a limit of INR 15,000 for senior citizens and INR 10,000 for non-senior citizens). These cashless mediclaim policies also benefit tax savings, thus minimising stress and financial load.

7. Unjustified costs in the medical bills are directly taken care of by the insurance companies. They contact the hospitals directly to tally the verified and unverified expenses. This promises a smooth experience for the patient and the caretakers.

8. Mediclaim policies also include planned and emergency hospitalisation, thus widely covering the prospects of an unprecedented medical situation through a wide range of hospital networks.

There you have it! All the benefits of the cashless mediclaim policies listed above help you choose the best treatment efficiently. Emergencies never come with a warning. You need to protect yourself and your family in times of sudden medical urgencies. Explore your options and find a suitable health insurance plan which caters to your needs and delivers when required. Receiving comprehensive benefits of a hassle-free diagnosis and treatment with affordable premium rates and total cashless transactions during emergencies is revolutionary progress observed by the healthcare sector. Let's actively participate and draw results from this service provided by health insurance companies.

Click HERE to know more about health 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.

During the last couple of years, we have seen an increasing trend of people preferring a more holistic approach to their lives by reading books, working out, consuming a healthy diet, and prioritising their well-being. Suppose you are one of those who want to get a better hold of their life and inculcate better habits, this article might just help you stay insured of your life and your health.

We recommend you to the “Miracle Morning Routine”, which is relatively simple and brings a fresh perspective on maintaining a good habit that needs only an hour of your day.

The idea draws inspiration from a book named ‘Miracle Morning’ by Hal Elrod. The book discusses a short acronym called S.A.V.E.R.S. which we will be diving deep into.

1. S – Silence:
In this step, you are expected to maintain silence and value its presence around you. This is one of the many meditation techniques that people follow, where your only focus is the silence around you. This way, you allow your mind to enjoy 10 minutes of peace first thing in the morning to start fresh.

2. A – Affirmations:
These days, many of us are leading a chaotic and confusing life, but having a sense of belief in ourselves is what keeps us going. Spending 10 minutes of your day affirming your capabilities will motivate you to work towards your goals.

3. V – Visualisation:
This is a technique where you use visual aids such as images that helps you visualise the kind of life you want to lead. The visualisation will inspire you to be a visionary. This technique helps channel your brain into believing that the things you hope to achieve in life will eventually find their way to you. All you need to do is believe in yourself and work consistently till the goal is achieved.

4. E – Exercise:
Working out for an hour might seem like a mammoth task to most of us. But working out for 10 minutes is doable. This will help you realise the positive effects of exercising, as the endorphins released lead to a sense of euphoria that you will carry on for the entire day. This will only prompt you to adopt a healthy lifestyle.

5. R – Reading:
Time and again, we have been reminded about the benefits of reading books. With the availability of many options for entertainment, reading has taken a backseat. This routine talks about taking out 10 minutes of your day to read something. Over time, you will have read an entire book without even realising. Daily newspaper reading is also believed to be good knowledge therapy. Reading contributes to improved brain functioning and reasoning skills.

6. S – Scribing:
Any form of free-flowing writing is known as scribing. Scribing could range from to-do lists or how you feel about the day to things you are looking forward to. Having things written down helps you design your plan of action, thus making it easier for you to navigate your day.

By sparing just an hour of your morning, you will have a sense of achievement at having completed six tasks before your day has even begun. This routine is a must-try for building a healthy and holistic lifestyle. Stay consistent and notice positive changes influencing your well-being. Along with these, undergo regular health checkups and keep your health insurance up-to-date. Plan to lead a life that lets you balance your work and personal life.

Click HERE to find out more about health 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.

The safety of women has always been paramount in every sector. Every year on March 8th, for International Women's Day, many committees are formed regularly to safeguard the security of women. However, the number of cases of women harassment at the workplace is on the rise at an alarming rate. Incorporating the PoSH Act with the company standards and compliance is the first step in making a safer workplace for women. There are numerous right and practical solutions to adopt and safeguard women's safety in the workplace. The goal, though, is to change people's minds.

The following are some concrete methods to create a safer and positive work environment for women.

1. Create awareness:
Employees, both male and female, should be educated about ethical conduct and how to foster a secure workplace for women. Office management should routinely raise awareness about the PoSH Act, women rights and authorities. It will enable them to recognize when subjected to inappropriate behaviour and report their concerns to the relevant authority. In addition, the employer should regularly poll female employees to take input on the working environment for a safer and positive atmosphere.

2. Make way for a robust complaints panel:
Create a reliable and inclusive Internal Complaints Committee that rigorously investigates and takes measures in any situation involving the safety of women employees in the workplace. Employees of all genders and grades should be treated similarly by such a panel. The judicial procedure may seem to be a startling set-up for some victims. As a result, some companies may consider ICC alternatives for smooth execution.

3. Stringent zero-tolerance policy:
A company's global reputation improves when it establishes and enforces high standards for its workforce. The business should establish a policy with harsh disciplinary implications for anyone who infringes it, as the action speaks a lot about its ethics. Any misconduct or harassment of female employees should fall under the zero-tolerance policy, and the concerned authorities must act upon strict actions against the people violating this policy.

4. Encourage women to collaborate and communicate:
In general, women subjected to sexual harassment do not speak up. The employer must encourage female employees to express their dissatisfaction. To boost employee morale, establish equal opportunities for male and female employees. This will help women fight societal stigma because of the spirit of solidarity at work.

5. Precautions for a safer work environment:
Access to all workplace safety precautions should be available to female employees. In addition, concerned authorities should consider all the dangers that may exist on the property. Women may encounter dangers even when working in the field. Many companies do not provide the same level of physical protection to women as they do to men. It might dissuade female workers and lower productivity.

Even if you take all necessary procedures to safeguard your women employees' safety, financial liability in the event of an accident or illness will remain a burden and may even obstruct business operations. Get the group general insurance online quote for a cost-effective and progressive approach to mitigate these risks to observe growth and development.

To look for general insurance online quote, click HERE!

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.

In this new normal post-Covid world, the work environment is getting more convenient as work from anywhere culture brings flexibility in your life. As a result, people are spending more time at home than in offices. Yet, despite this significant change, people are still finding themselves less productive.

What does being productive mean to you? Are you still wondering about the ways to bring the change you want? Here are ten habits you can apply in your life to become super productive.

1. Having a proper sleep schedule:
An irregular sleep will get you nowhere. The short naps you take don't qualify as restorative sleep. On the other hand, having a sleep schedule helps you be more energetic, creative, and productive the next day.

2. Start early and peacefully:
Wake up early to follow a proper morning routine without rushing for work. Include exercise in your morning routine, as it releases endorphins and keeps you healthy. Try to include a little meditation to recharge your mind and give you a positive outlook on the day ahead.

3. Unplug:
Advanced technology helps your efficiency, but it can be a major distraction if used excessively. So, the best way to get things done is to turn off the things dying for attention. For example, have a 'shutdown' time [switch off electronics] before going to bed, as needed for your mental health and well-being. Take some time off your computer to connect with nature and get some freshness.

4. Plan to prioritize:
Prepare a rough to-do list before you go to bed. It will give you a head start on your day, and the mental preparation guides you effortlessly through your day. Decide in advance for the clothes to wear or breakfast the next day.

5. Do not multitask:
Multitasking isn't the right way to get things done. Sharing your energy and brain space to several things at the same time will reduce your efficiency. Instead, dedicate your attention and energy to one task at a time to derive the best results.

6. Learn to say 'NO':
We believe that 'saying no' is terribly bad for our reputation. But, not always. Learn to say no to things that are not worth your time and energy. The earlier you realize this, you will observe better results. You can utilize that time in doing an activity that makes you happy.

7. Take a break:
Your brain needs a break to refresh and gather the lost energy back. Not taking a break lowers your productivity levels and makes you feel burnt out. So, take a break, stretch or go for a short walk in the open space.

8. Declutter:
Having a clean working space makes your work easier. It only takes a few minutes to clean up your desk or throw away your coffee cups.

9. Keep going:
Be persistent, not a procrastinator. This is what qualifies you as a productive person. Get things done now; do not apply later on policy.

10. Feel accomplished:
Rewarding yourself is the best incentive for being productive. Therefore, provide yourself with reasons to be productive.

For many in their high-pressure jobs, being less productive can make them stressed, thereby hampering their health. With the rising medical cost, life cannot be financially secure unless you have the right health insurance coverage. In addition to the above tips to boost your productivity, it is recommended to build a significant portfolio for health insurance to secure you from medical worries.

Always remember, optimism is the key to a productive lifestyle. Figure out what's holding you back and work on yourself accordingly. Don't hold yourself back!

Looking for a good health insurance cover for you and your family? Click HERE .

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.

Young children require the most guidance to help keep up with their development. While parents always strive to give their kids the best education, they may be worried about enhancing their learning process. Although children are naturally observant and quick learners, here are a few tips that can drastically improve their learning ability.

1. Observe their attention span and build it:
Parents can help their children improve their attention span from a young age by observing what activity interests them and how long they engage in it. Guide them through their activities by helping them maintain their focus on a single task for extended periods. Practising this helps build their concentration levels.

2. Let them sit in the driver’s seat:
As a parent, the most challenging thing is allowing your kids to make their own decisions. With taking care of them being your primary goal, it can be difficult to trust them to make wise choices for themselves.
However, allowing them to make daily choices and decisions like what books they want to read will help them become more independent and observant. It motivates them to learn quickly and take charge of their own life.

3. Let them set out on new adventures:
Parents who allow their children to pick what hobbies and activities interest them enable them to learn how to make their own decisions and calculate risks. This aids a child’s path to self-discovery.
Whether staying indoors and creating artistic sketches or exploring the wilderness while hiking, they get to learn from their experiences. Introducing them to new environments teaches them to adapt and enhance their skills.

4. Have interactive sessions with them:
Parents must understand the value of communication with their children. Having interactive sessions with kids like talking about their experiences, sharing their thoughts and opinions, or playing engaging board games boosts their cognitive ability.
They not only learn how to communicate better, but it also helps their learning process be more organized. In addition, this strengthens their bond with their family, motivating them to learn and interact more.

5. Maintain a diet of brain-healthy foods:
While every parent out there provides the best nutrition for their kids, investing in brain-boosting foods is essential. Certain foods like walnuts, almonds, fatty fish, eggs, green leafy vegetables, etc., contain brain-essential nutrients like vitamin K, Omega-3 fatty acids, etc. These superfoods majorly boost the development of a growing child’s brain, ultimately improving their overall brain function.

These few tips will help kickstart the journey of steadily building your child’s future to excel as fast and efficient learners. Be a part of your child’s journey to success and watch them accomplish their aspirations with your guidance. Other than these tips, there are several health insurance plans that promote awareness and extend help to strengthen the bright future of your young ones! So invest in the best health insurance to ensure your child’s development and safety for the long haul!

Click HERE to purchase the best health insurance for your loved ones.

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.

Music is the universal address of happiness, and even Einstein had once expressed: "Life without playing music is inconceivable to me". It can do wonders in ways that you won't even imagine. So, whether you're learning to sing or play an instrument, immerse yourself in music and reap the numerous advantages it has to offer.

We've listed ten excellent benefits that you get from indulging yourself in a musical activity.

1. Music will make you sharper:
Playing music demands the use of nearly every area of your brain, mainly because you must learn new bodily motions as you become accustomed to holding and playing the instrument. Your brain is activated with this new knowledge as you practice, making it more productive for you to learn and retain new things.

2. The best therapy:
Scientifically proven, singing has been shown to produce happy chemicals – endorphins, dopamine, and serotonin which lift your mood and make you feel better. There is no better healer and stress reliever than music.

3. Bring harmony back to your life:
Studies have found that individuals who listen to soothing music before a stressful event dramatically drop their cortisol levels (the hormone responsible for stress), slow the pulse, and lower blood pressure compared to individuals who choose not to listen.

4. Enhance your breathing:
Singing is therapeutic for various lung and breathing conditions since it requires deep breathing and the regulated use of respiratory muscles. Researches have shown that the breathing methods used while singing can help individuals with asthma, COPD, and even cancers associated with the lungs. In addition, you will feel cheerful along with some healthy habits you cultivate.

5. Have the musical immunity:
Music boosts immunity. How? When you indulge in musical activity, it causes your body to produce more immunoglobulin A, an antibody that helps you fight infections.

6. Improves posture:
During classes, every music instructor will correct your posture frequently. As a result, even though you're not performing, this will help you develop the habit of sitting up straight and aligning yourself properly. These are all excellent methods for relieving neck and back pain and having a great posture. In addition, good posture enhances your personality and makes you feel confident.

7. Mathematical ability upped:
Learning music demands the counting of notes and rhythms, which can improve your math abilities. In addition, there are numerous mathematical components to studying music theory. Individuals who learn art do better in mathematics than those who don't.

8. Be the social bird:
Practising music in groups, like a band or choir, helps people develop emotional and social skills. They learn to perform together as a group and eventually build empathy for others.

9. Improved coordination:
It can be difficult for an average person to maintain the coordination required for playing an instrument. The precise movement of fingers, hands, and feet is a challenge. However, playing music improves your coordination abilities in ways that go beyond hand-eye coordination.

10. Expressing yourself:
Music helps you express yourself uniquely, whether creating your piece or playing someone else's. You can even represent yourself creatively by selecting your style and genre. Sky's the limit!

Music can help you manage physical and emotional discomfort by lowering stress, improve immunity, boost academic capabilities, and the list goes on. But remember, your overall health is essential for your wellbeing, protecting you from unannounced medical attention. So while you pursue your passion every single day, let your health insurance policy take care of all the medical worries. Protecting your life with the best health insurance plan is one of the most important things you need to feel happy about too.

Life is like that one hit song, so let's sing along!

Click HERE to know about the best health insurance plans for you.

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.

Public WiFi is widely accessible and enables everyone to use the Internet freely. You can connect your devices to it at cafés, supermarkets, airports, and hotels. This has definitely introduced a universe of convenience into our lives. But, if you connect to public WiFi, keep in mind that nothing is actually secure.

The primary reason for the vulnerabilities associated with public Wi-Fis is that they do not need authentication to access the network, which means that anybody may join the network, providing an excellent chance for hackers to target unprotected devices. Furthermore, even if the connection is password-protected, any user with malicious intentions who has had access to the connection earlier can still attack your device.

We recommend not to connect to public WiFi, but if you must, adopt these precautions to safeguard your device.

1. Set up a VPN:
Virtual Private Network helps keep your internet sessions private. This is a technique of connecting that masks your IP address, encrypts data transfers, and hides your location. This will improve your security and privacy while using public WiFi. Several VPN services are available in the market. Do your research before getting one that is best for you.

2. Check the HTTPS status of websites you visit:
It is a smart idea to double-check that the websites you're visiting utilise HTTPS (HyperText Transfer Protocol Secure), particularly if they seek sensitive information like your passwords and credit card details. Having HTTPS on websites means that data flowing from the device to the website is protected with the help of encryption. This makes hijacking your device extra harder for someone with malicious intentions.

3. Disable the file sharing option:
You can exchange files with other devices when connected to your home network. However, before connecting to a public network, you must disable this option on your devices. Otherwise, anybody with hacking intentions connected to the same network can view your files or infect your device with viruses and trojans.
Research online to know how to disable this option on your device.

Other notable Do's and Don'ts.

Dos:

• Make sure the automatic WiFi connectivity option is turned off.

• Ensure your Bluetooth is not set on 'Always-on' mode. Monitor the Bluetooth connection whenever turned on.

• Invest in a good Antivirus software that also scans all the networks you've connected to.

• Keep comprehensive public liability insurance in India at your disposal (Better safe than sorry)

Don’ts:

• Don't access sensitive information such as bank details over a public network.

• Don't shop online. Why? Because it may need you to enter your payment details, which is very sensitive data to expose on a public network.

• Don't leave your gadgets unattended in public places.

The best method to avoid being vulnerable while using public WiFi is to utilise your mobile data or other private networks. However, if you must connect to a public network, be sure to minimise the risks and remain secure by following the suggestions above. Data is the biggest wealth an individual can possess in today's technologically equipped world. So, it's our responsibility to safeguard our private information by adhering to all network security guidelines and conducting ethical activities online. In addition, don't neglect the benefits of cyber insurance and invest in it as a part of the best public liability insurance in India.

Click HERE to know more about the best public liability insurance 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.