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Showing posts with the label Home Insurance In India

10 Important Health Insurance Terms You Should Know

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  The importance of health insurance is growing each year. As the panic of the Corona pandemic has shown us, health is truly more important than anything. A good health insurance plan will ensure that your savings stay saved while you get first-rate and focus on recovery when a health crisis strikes. For this reason, you must choose a plan that suits your budget and coverage needs. However, like most insurance policies, health insurance has a set of jargon that can confuse a potential policyholder.    To help you out, we are explaining 10 important health insurance terms in this article that will hopefully help you in the process of choosing a good insurance policy. Let’s take a look.      1.Pre-existing diseases/conditions   The diseases or conditions that the policyholder has prior to purchasing the health insurance plan is referred to as pre-existing diseases. Usually, such diseases are excluded or there is a waiting period before they ...

5 Commonly Asked Questions on the Pradhan Mantri Fasal Bima Yojana

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  Launched in 2016 with an intention to cover the total sown area of the country, the Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme for all types of farmers. The motto with which this scheme was launched is “One Nation, One Crop, One Premium”. A crop insurance scheme that provides extensive coverage to farmers on several fronts was highly needed, and the PMFBY has filled that need adequately. Even so, the awareness regarding this useful scheme is quite less.  To help in this regard, we take a look at the top 5 FAQs on the Pradhan Mantri Fasal Bima Yojana and answer them for your benefit.    1. What are the objectives of the PMFBY?   The primary aim of this crop insurance scheme is to offer financial support to farmers when their crops suffer damages and losses. Thus, it wants to make crop insurance accessible to all farmers at an economical price. The scheme also has an objective to ensure that farmers’ incomes do not get hit adverse...

5 Features You Should Look for When Purchasing Home Insurance in India

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  Home insurance is a form of insurance that protects your home from a variety of risks and dangers. Since it is only now beginning to get a stronger foothold in the market, many are unaware of several aspects and features relating to it. If you are buying insurance for house, then an understanding of these aspects is important. To help you out, we guide you through 5 features you should look for when purchasing home insurance in India.    1. Coverage against natural and manmade disasters   A well-designed plan for home insurance in India should ideally provide coverage against a variety of natural calamities like earthquakes, floods, cyclones, lightning, and so on. Apart from this, your home may also be at risk from several manmade perils such as riots, strikes, fires, theft/burglary, and so on. These disasters would be covered by your home insurance policy too.    2. Protection for your belongings   When you buy home insurance in Ind...