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general insurance

GENERAL INSURANCE

MOTOR INSURANCE

TRAVEL INSURANCE

PROPARTY INSURANCE

SOCIETY / BLDG INSURANCE

Motor Insurance

As per Indian Motor Vehicles Act 1988, it is mandatory to own auto insurance to drive. Every personal, commercial or business purpose vehicle needs to be covered as it financially saves vehicle owner during unexpected situations. It provides protection against following risks:A standard motor insurance or better known as a car insurance policy is usually the insurance coverage mandated by law to drive on the road. Thus, it primarily covers you against liability damages and unexpected repairs. These liability damages can be of two types. First is when a bodily injury has been caused to a third person. Second is where the property of a third person and own car. auto insurance means an agreement between a vehicle owner and an insurance company in which policyholder pays a certain amount i.e. premium for a policy which gives economic coverage to policyholder against losses in case the insured vehicle is damaged or stolen. Auto insurance policy covers loss of vehicle, damage to automobile, damage which your vehicle causes, and protection against liability if you will be sued after an accident. The premium amount is based on the make and value of the car, car registration state and manufacturing year.

Why Vehicle Owner Needs ? Motor Insurance coverage ?
Benefits & Features
A typical vehicle insurance policy covers damages to third party and to self car but the products by a few private insurers offer a large number of other utilities to the policyholders, like:
» Direct settlement or cashless claims at network garages/service centres
» Depreciation Cover
» Engine Protection Cover
» 24X7 Road Side assistance
» Towing Facility
» Natural Calamities
» Fire, explosion, self-ignition or lightning, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, landslide, rockslide, earthquake (fire and shock damage)

» Man-made Calamities
Burglary, housebreaking or theft, riot, strike, accidental external means, malicious act, terrorist activity, whilst in transit by road, train, inland waterway, elevator, lift or air

» Third Party Legal Liability
It means that policyholder is insured against injury or death resulted by your vehicle to pedestrians, passengers and occupant of other vehicles.

The policy does not cover
» Pace making
» Organized racing
» Speed testing


Sum Insured

Vehicles are covered at a specific value called as the ‘Insured’s Declared Value’ and it is calculated on the basis of the manufacture’s listed selling cost of the vehicles along with the listed cost of any accessories after deducting the depreciation for every year according to the schedule offered by the Indian Motor Tariff. If the cost of any electrical and / or electronic item installed in the vehicle is not included in the manufacturer’s listed selling price, then the actual value (after depreciation) of this item can be added to the sum insured over and above the IDV.

Tax Benefits - No tax benefits are available on motor insurance

Two Wheeler Insurance -
Similar to a Car Insurance, two wheeler insurance also provides protection to cars and bikes. The features of a two wheeler policy are similar to those of a car insurance.

Travel Insuranace -
When you travel, you usually plan things like sight-seeing and shopping. But are you prepared yourself for some unforeseen emergencies such as loss of luggage, personal accidents, flight delays? Travelling abroad is a cherished moment for many, so make it happiest and safest by buying travel insurance as it helps you to cope up with any interruptions and acts like a constant companion while travelling. Travel insurance covers your medical costs, trip delay, personal accident, loss of passport or luggage and trip cancellation. Many insurance companies provide travel insurance policies that take care of emergencies during travel.
Whenever a person is travelling outside the geographical boundary of his / her health insurance plan it is always advisable that they take a Travel Health insurance plan. This is advised so that the person in-case falls sick or has any other medical emergency abroad need not worry about the high cost of healthcare in a foreign land. This is also mandatory to buy before travelling to a certain countries.

› Overseas Travel Insurance
It cover travellers against hijack, baggage, medical costs abroad and travel delays, and loss of travel documents/passport.

› Domestic Travel Insurance
It is specially designed to offer protection to travel anywhere within India and it involves coverage for permanent disability and death, medical emergencies, and checked-in lost / stolen luggage, personal liability and travel delay.

› Student Travel Insurance
It needs minimum paperwork and offers comprehensive advantages with options of custom plan. It includes compensation for medical costs, study interruptions and passport loss.

› Senior Citizen Travel Insurance
Senior citizen insurance is available for those who come under the age group of 61 to70 and it offers coverage for cashless hospitalization and dental treatments.

› Family Travel Insurance

It covers hospitalization expenses of a family related to luggage loss and several incidental expenses. Under family travel insurance, instant claim disbursement is available.

› Individual Travel Insurance, Individual travel insurance protects traveler against trip cancellation, home burglary etc.

Features

» Includes cost of loss of luggage, hospitalization and other incidental costs
» Additional packages to fulfil individual requirements
» Instant disbursement of claim
» Personal accident cover for reimbursement in case of death or permanent disability
» Reimbursement of travel expenses associated to ship, flight delays or trains


Exclusions

Below is the list of exclusions on the insurance that you should note:-

» Foreign war or Civil War
» Self-inflicted injury, suicide » Terrorism » Participation in any criminal act
» Non-adherence to medical advice
» Participation in any sport as a professional player
» Under influence of drugs, narcotics or liquor
» HIV / AIDS
» Treatments of mental and nervous problems
» Participating in hazardous sports such as hang gliding, bungee jumping, parachuting etc.


No matter how far you have to travel for personal or professional, once you buy travel insurance, it will release all your travel related worries behind.
 
 
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Email: dsubhash1980@gmail.com
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