INSURANCE

MEANING The Owners of motor vehicles are not aware of the important aspects of the risks and liabilities associated with owning and /or driving a motor vehicle. Even though  Motor insurance policies can be bought or renewed online through the internet the renewal dates are missed and the vehicle plies on the road without insurance . It is essential to know that as the owner of the vehicle the liability if any in the event of an accident rests on the motor vehicle owner and all negligence arising out of driving is with the driver. Motor Vehicle Insurance has two parts        i.             The Own damage portion which takes care of damages and theft of the vehicle      ii.             The liability portion which takes care of liabilities arising at the time of an accident. The third-party damages could be Third par...

                                                                 MOTOR INSURANCE MOTOR INSURANCE technically called  two-wheeler insurance  is an ideal tool to safeguard yourself against the financial losses which may arise due to an unfortunate event like a road accident involving a two-wheeler. According to the Indian Motor Tariff, 2002 it is mandatory for every bike owner to have at least a  third-party bike insurance cover . It is compulsory for all two-wheeler vehicles to drive legally on the streets.                                    ‘BETTER INSURANCE, FOR A BETTER JOURNEY’ IMPORTANT TYPES OF BIKE INSURANCE 1. Third-Party  Bike Insurance Plan 2.    Comprehensive Bike Insurance Plan 3.  ...

Insurance is a way to manage and reduce your risk . When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs. Having the right insurance for the risks you may face can make a big difference in your life. Insurance  is a means of protection from financial loss in which, in exchange for a fee, a party agrees to guarantee another party compensation in the event of a certain loss, damage, or injury. It is a form of  risk management , primarily used to  hedge  against the risk of a contingent or uncertain loss. There are many types of insurance products such as Life, health, private car, two-wheeler, travel and personal accident are the most common forms of insurance. To select the best policy for you or your family, it is important to pay attention to the ...

                                                                  BIKE INSURANCE MOTOR INSURANCE technically called  two-wheeler insurance  is an ideal tool to safeguard yourself against the financial losses which may arise due to an unfortunate event like a road accident involving a two-wheeler. According to the Indian Motor Tariff, 2002 it is mandatory for every bike owner to have at least a  third-party bike insurance cover . It is compulsory for all two-wheeler vehicles to drive legally on the streets.                                      ‘BETTER INSURANCE, FOR A BETTER JOURNEY IMPORTANT TYPES OF BIKE INSURANCE 1. Third-Party  Bike Insurance Plan 2.    Comprehensive Bike Insurance Plan...

  Term Insurance is  the simplest and purest form of life insurance . It provides financial protection to your family at the most affordable rates. With term insurance, you can get a large amount of life cover (i.e., sum assured) at a relatively low premium rate. Term life insurance, also known as  pure life insurance. WHY CHOOSE TERM INSURANCE PLANS? Term insurance plans offer  financial security for the entire family in case of the unfortunate death of the policyholder . Also, you can get optional coverage for critical illnesses or accidental death. You are covered for a long duration, while the premiums are affordable . WHO SHOULD BUY A TERM INSURANCE POLICY? Anyone with financial dependents should buy a Term Insurance Policy. This includes married couples, parents, business people and self-employed, SIP investors, young professionals with dependent parents, and in some cases, even retirees. WHO IS ELIGIBLE FOR TERM INSURANCE? Term insurance eligibilit...

C.GEETH PRIYA, B.COM.,M.COM.                                                                                                                                       HEALTH INSURANCE Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to Hospitalization costs, cost of medicines, or doctor consultation fees. Health insurance plans have extended usage in the day-to-day lives of individuals. Health insurance plans  offer coverage for several types of ailments and surgeries . They also cover other aspects of medical treatment....

C.GEETH PRIYA., B.COM., M.COM., Life insurance can be defined as a contract between an insurance policyholder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period. A life insurance policy offers both death and maturity benefit to the insured.                                     Life Insurance is like a parachute  – If you don’t have it when you need it, you will never need it again! BENEFITS OF LIFE INSURANCE: Life insurance policy benefits can be used to  help pay for final expenses after you pass away . This may include funeral or cremation costs, medical bills not covered by health insurance, estate settlement costs, and other unpaid obligations. Life insurance can be an essential part of your financial strategy. That's because a life insurance policy can help ensur...