PERSONAL ACCIDENTAL INSURANCE
Get Rs 10 lakh insurance policy at Rs 555 premium: New accidental insurance cover launched; know features, where to buy
India Post Payments Bank (IPPB) has recently launched personal accident covers at an affordable premium. There are various variants of Health Plus and Xpress Health Plus. From coverage to premium to benefits — read all about the new accident covers before you invest.
Punjab & Sind Bank signs pact with Indian Army for salary account
"PSB Gaurav Bachat SB Salary account is exclusively designed to cater to the distinct banking requirement of serving and retired personnels. The product is also strategically aimed to tap Agniveers enrolled in the Agnipath scheme, ensuring a comprehensive financial solution that aligns with distinctive needs of the segment," Punjab & Sind bank MD and CEO Swarup Kumar Saha told PTI.
Ashok Leyland rolls out 'Sarathi Suraksha' policy
The policy, classified as an 'Unnamed GPA (Group Personal Accident) policy' covers any driver operating an Ashok Leyland vehicle, providing comprehensive protection for the drivers. The comprehensive insurance policy covers accidental death, permanent and partial disability and also includes a special education bonus for children.
What is personal accident insurance
Personal accident insurance policy covers you against accidental death, injury and disability.
HDFC Ergo Paws n Claws pet insurance cover: Who can purchase, what is covered, what is not, premium, duration
HDFC ERGO's Paws n Claws offers end-to-end pet care, encompassing everything from diagnostics to procedures and medications, guaranteeing thorough coverage. The cover extends the flexibility to insure up to 5 pets under a single policy, with a provision for commercial breeders who can insure up to 10 pets aged between six months to five years, and renew the policy for up to 8 years.
Pay Rs 15 lakh in death claim, consumer forum tells insurance company
A consumer forum ordered Go Digit General Insurance Company to compensate Dinesh Baria's family for his death in a road accident. The forum dismissed the firm's claim denial and instructed the payment of Rs 15 lakh along with Rs 3,000 for mental harassment and legal expenses.
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Unveiling Underinsurance: Not just portfolio but insurance coverage matters in house, motor and health
We are not wired to see risks, which makes us undermine various risks we are exposed to. So, people often think that if I don’t raise a claim at some point in time, then what is the use of insurance?
Debit cards come with free insurance of up to Rs 3 crore: You won't be eligible if you don't do this
Debit card insurance: Certain variants of debit cards offered by DBS Bank India, Kotak Mahindra Bank, HDFC Bank, State Bank of India (SBI), ICICI Bank and others offer an free accidental insurance cover which is payable to the nominee or legal heirs of the debit card holder in the unfortunate case where the cardholder has died in an accident.
Son fights for 9 years with HDFC Bank to get Rs 5 lakh accidental death insurance cover on debit card
National Consumer Disputes Redressal Commission (NCDRC) has ordered HDFC Bank to pay Rs 5 lakh as accidental death insurance cover to the son of its deceased customer. The deceased had a savings bank account with HDFC Bank and also an debit card. This debit card came with an accidental death insurance cover which is payable to the nominee of the debit card holder upon the cardholder's accidental death.
4 reasons to check the waiting period in a health insurance policy
Waiting period is a term in health insurance that determines the period of time a policyholder must wait to reap the benefits of the policy. When it comes to a senior citizen's Mediclaim policy, the waiting period often involves complexities. This article sheds some insights into four key reasons for checking the waiting period, especially in a Senior Citizen Health Insurance policy.
SBI, Canara Bank deducting money for govt insurance schemes from savings accounts without consent; complaints flood X
Banks including State Bank of India (SBI) and Canara Bank are debiting insurance premiums for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY) for life insurance, Pradhan Mantri Suraksha Bima Yojana (PMSBY) for accident insurance without obtaining prior consent from customers, the complaints on social media platform X read. All you need to know
Damage to EV battery, charging station while charging: Insurer launches insurance covers for this
Zuno General Insurance (formerly Edelweiss General Insurance) has launched three new add-on insurance policies which would cover electric vehicle battery, private charging station, charging cable and standard accessories. Zuno claims that these add-on policies are an industry first offering and is aimed to cover a grey area in the insurance industry.
1% of sum insured as weekly income for 2 years, coverage for coma, 6 key features you must have in accidental policy
Many times trauma caused by an accident may require very costly treatment for a prolonged period where a comprehensive health policy with limited sum insured may fall well short in meeting the entire expenses. Taking care of household becomes difficult and many people often end up spending their savings built over many years or have to sell their assets or at worst have to resort to big debt. This is where an accidental policy helps you afford a costly treatment and taking care of household expenses as well.
Why is it lucrative for NRIs to buy health and life insurance in India?
Buying health insurance or life insurance in India is an attractive proposition for NRIs, especially when they make the premium payment through their NRE account. The regulator allows NRIs to purchase these policies without GST, resulting in a substantial cost reduction. Premiums for NRIs may be slightly higher than local policies, but the coverage and benefits are similar. NRIs may need to undergo a health check-up, which they can do when they visit India. Additionally, there are comprehensive insurance plans available for students studying abroad, providing coverage for transit risks, hospitalization, and other benefits.
Pay just Rs 800 more to upgrade car insurance personal accident cover to all-round 24X7 personal accident policy
It is mandatory to buy a personal accident cover of Rs 15 lakh under car insurance, if you are the owner-driver of a car. It usually costs between Rs 300 and 400. However, there are certain limitations when it comes to compulsory car insurance cover under car insurance. Meanwhile, a standalone personal accident cover protects you from any type of accident around the clock and around the world. The premium for a Rs 15-lakh personal accident cover can range between Rs 800 and Rs 1,200 in a year. Is it a good idea to spend a little extra and buy a separate standalone personal accident cover for a holistic coverage? Read on to find out
What are the red flags in the financial journey of people without regular income?
"You need to be very clear that if you are not going to contribute any income to your family for the next 1,000 days, can the family sustain and forget your contributing income, your own expenses have to be supported. If the answer is that I have that much of a cushion or I have some capital to start with, which can take care of my business for 18 months to 3 years?"
IRCTC’s 35 paise insurance: How it works and how it benefits travellers
"The railway ticket and because it has become default check-in for people to get covered. Now because it has become default check-in, most of us now will be covered by this policy and the only thing that a person needs is a report from the railway authorities that this kind of an incident has happened and this is typically available with whichever railway you have travelled and fill a claim form."
What is travel medical insurance for Indians studying abroad & how to go about it
Insurance companies are launching international student insurance covers for Indian students studying abroad. These hybrid policies combine both travel and inpatient health insurance benefits, as well as transit and travel risks like baggage and document risks. Such policies can cost five to six times more if bought abroad, as health insurance in India is far cheaper. Popular plans include the Tata AIG Student Travel Guard, Bajaj Allianz Student Elite Plan, Royal Sundaram Travel Secure Student Plan and Care Health Student Explore Plus.
Cashless or not? Discover the key indicators of bike insurance with hassle-free claims
Having a comprehensive bike insurance policy with cashless claim benefits is important to protect your two-wheeler from potential risks on the road. Cashless claims allow you to get repairs done at authorized network garages without any upfront payments, as the insurer directly settles the payment.
Personal accident insurance policy covers death, disabilities, medical expenses at low cost. Why you should buy one
A personal accident policy covers death, disabilities and medical expenses at a very low cost. Find out why you should buy one.
Insurers asked to settle Odisha rail mishap claims 'suo motu'
The Insurance Regulatory & Development Authority of India (Irdai), has asked all insurers to immediately contact the district administration or railways authorities for the list of those who have either lost their lives or have been injured.
You will live 25-30 years after retiring. Have you done retirement planning?
Waiting until retirement to secure health insurance can be problematic, as the availability of senior citizen plans with pre-existing condition coverage is limited, and aging adults may already have health issues. Retirees should convert their employer's group insurance policy to a policy they own, and individual policies for health insurance should be acquired and maintained before the need arises. Investing in equity funds and keeping a balanced portfolio is also important for long-term financial planning.
Traveling in India or abroad? Have you got insurance?
Travel insurance covers two types of coverage: medical expenses and financial risks while traveling, such as loss of personal belongings, baggage, or passports. The choice of policy depends on the destination and duration of the trip, with senior citizens and students having specific requirements. Costs vary depending on geography, with the US being more costly for medical expenses than Singapore.
Dunzo partners with Alliance Insurance Brokers to provide personal accident insurance cover to delivery partners
Through this initiative, the insurance service provider, risk manager and reinsurance broker is providing insurance protection to almost 20,000 delivery partners, insured on a daily basis, while they are active on the platform.
5 government schemes to help financially secure your domestic helpers
You can secure the people who make your everyday life easier by helping them avail of the following government schemes.
Accidental disability can leave your term life insurance cover worthless; here’s how a disability income rider can help
There are two types of additional protection through insurance riders. The first one is waiver of premium on permanent disability and the second one is income on permanent disability.
Agritech startup AgroStar launches personal accident insurance cover for farmers
As per the terms of the programme, a farmer who purchases agri inputs from the AgroStar App will get a benefit of personal accident insurance cover of Rs 2 lakh free of cost.
These SBI customers can avail up to Rs 2 lakh free insurance benefit: Check details here
To get the accidental insurance benefit, the nominee will have to fill a claim form and attach the death certificate the person for whom the insurance is being claimed.
LIC launches benefit based health insurance plan Arogya Rakshak, know how it will work
It differs from the conventional health insurance plan in terms of method of payment. While the latter re-imburses the actual cost incurred on treatment, Arogya Rakshak provides fixed benefit health insurance cover.
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