Table of content
Health insurance usually covers hospitalization, surgery, prescription drugs, and some outpatient care. Check your plan details for specific coverage.
Yes, many health insurance plans have a waiting period, especially for pre-existing conditions. Review your policy for exact waiting periods.
Yes, most health insurance plans offer family options that cover spouses, children, and sometimes even parents.
You can renew your policy online or by contacting your agent. Renewal reminders are sent prior to your policy’s expiration date.
The best time to buy health insurance is as early as possible. Starting young ensures lower premiums and a broader range of coverage options before any pre-existing conditions arise.
Medical tests are generally not required for individuals below a certain age or for policies with a lower sum insured. However, for higher coverage or older individuals, medical tests may be necessary to determine eligibility and premiums.
Cashless hospitalization allows policyholders to receive treatment at network hospitals without paying upfront. The insurer settles the medical bills directly with the hospital, subject to the policy terms.
The freelook period is a timeframe, usually 15 to 30 days, during which a policyholder can review their health insurance policy and cancel it if unsatisfied. If canceled, the premium is refunded after deducting nominal charges
Pre-existing conditions are health issues that were diagnosed or treated before purchasing a health insurance policy. Coverage for these conditions may involve a waiting period, typically ranging from one to four years.
Yes, individuals can hold multiple health insurance policies. During claims, the policyholder can choose which insurer to approach or use both policies proportionately for reimbursement, based on the insurer’s coordination guidelines.
Yes, non-Indian nationals residing in India can buy health insurance if they have valid identification and proof of residence, as per the insurer's requirements.
You can increase your sum insured during policy renewal or by opting for a top-up or super top-up plan. These options enhance your coverage without requiring a new base policy.
Pre-hospitalization expenses cover costs like diagnostic tests, doctor consultations, and medications before admission. Post-hospitalization expenses include follow-up consultations, tests, and treatments required for recovery.
Health insurance policies typically exclude certain diseases, such as those arising from pre-existing conditions during the waiting period, cosmetic surgeries, injuries due to self-harm, and diseases caused by substance abuse. Additionally, congenital diseases and non-allopathic treatments may also not be covered unless specified.
Most health insurance policies now include coverage for COVID-19-related expenses, such as hospitalization, quarantine treatments, and medications, provided the policy terms are met. Ensure your policy is active and check for specific COVID-19 exclusions or sub-limits.
The ideal coverage depends on factors such as your age, family size, medical history, lifestyle, and the cost of healthcare in your region. As a general guideline, coverage of at least ₹10–15 lakh is recommended for urban areas where medical costs are higher.
Yes, pre-existing diseases are covered after a waiting period, which can range from 1 to 4 years depending on the policy. It’s important to disclose pre-existing conditions when buying a policy to avoid claim rejections later.
Many comprehensive health insurance plans now include coverage for robotic surgeries, advanced treatments like immunotherapy, and modern procedures like bariatric surgery, provided they are medically necessary and specified in the policy terms.
You will typically need the following documents for a car insurance claim: policy documents, claim form, vehicle registration certificate (RC), driver's license, FIR (in case of theft or major accidents), and repair bills or estimates.
To claim for a stolen car, you need to file an FIR, inform your insurer immediately, provide a copy of the FIR and RC, submit the claim form, and get a non-traceable report from the police. The insurer will process the claim based on the car’s IDV (Insured Declared Value).
Key factors include the type of coverage (comprehensive or third-party), premium cost, add-ons like zero depreciation, claim settlement ratio of the insurer, and the network of cashless garages.
If your policy expires, you lose all coverage and the no-claim bonus (NCB). Renew your policy immediately to avoid penalties or inspections, especially if there’s a gap in coverage.
Third-party insurance covers damages or injuries caused to another person or their property by your car. It is mandatory under Indian law but does not cover damages to your own vehicle.
Yes, car insurance can be canceled by submitting a cancellation request along with the policy documents. The insurer may require proof of a new policy or sale of the vehicle before processing the cancellation.
Yes, many comprehensive policies include unnamed passenger cover as an add-on to protect passengers in the car during an accident.
Third-party insurance only covers damages to others but does not protect your own vehicle. A comprehensive policy provides broader coverage, including personal damages, theft, and natural calamities.
Claims may be rejected due to incomplete documentation, policy lapses, damages caused due to intoxication, or driving without a valid license. Ensure compliance with policy terms to avoid rejections.
Yes, comprehensive car insurance policies cover damages caused by natural calamities like floods, earthquakes, or storms.
A third-party policy typically expires one year from the purchase date. Long-term third-party policies may have a longer validity, up to three years.
Yes, comprehensive insurance provides extensive coverage, including third-party liabilities, personal damages, theft, and natural calamities, offering better protection for your car.
Yes, third-party car insurance can be transferred to the new owner. The new owner must apply for the transfer and update the policy with their details within 14 days of purchase.
Inform your insurer immediately, file an FIR (if required), fill out the claim form, submit the required documents, and send your car for inspection at a network garage for repairs.
You can reduce premiums by opting for voluntary deductibles, avoiding claims to retain the NCB, installing anti-theft devices, and choosing long-term policies.
ARAI stands for Automotive Research Association of India. It certifies vehicles and provides recommendations for safety standards.
Yes, Own Damage Insurance covers damages to your car, including accidents, theft, and natural disasters, providing essential protection alongside third-party insurance.
Engine Protect Plus is an add-on that covers damages to your car’s engine and gearbox due to water ingress or oil leakage.
Some insurers offer the option to pay premiums in installments, though this depends on the policy and the insurer's terms.
A premium calculator helps you compare costs, evaluate coverage options, and find a policy that fits your budget before purchasing.
Yes, most car insurance policies are only valid within India. Cross-border coverage may require separate permits or extensions.
You can add riders like zero depreciation, change coverage type, or update personal information during policy renewal or by requesting an endorsement
The Garage Cash Plan provides a daily cash allowance while your car is being repaired at a network garage.
It offers financial support during car repairs, covering alternative travel expenses, which can ease your financial burden.
Yes, you can upgrade to comprehensive coverage during policy renewal or by purchasing a new policy for enhanced protection.
The documents required typically include the insurance policy, claim form, FIR (in case of theft or major accidents), driving license, vehicle registration certificate (RC), and repair bills or estimates.
To claim insurance for a stolen two-wheeler, file an FIR with the local police, notify your insurer, submit the claim form along with the FIR and RC, and obtain a non-traceable certificate from the police. The insurer will process the claim based on the vehicle’s IDV (Insured Declared Value).
You’ll need your bike’s registration certificate (RC), identity proof, address proof, and a completed proposal form. Some insurers may also request your previous policy details if you are renewing.
Yes, third-party insurance is mandatory by law in India. It covers damages or injuries caused to a third party by your vehicle.
Voluntary Compulsory Deductible (VCD) is the amount you agree to pay out-of-pocket during a claim, in addition to the mandatory deductible. Opting for VCD reduces your premium but increases your share in claim expenses.
Compare third-party insurance plans from different insurers, check their claim settlement ratios, and ensure they meet your basic liability coverage needs. Comprehensive insurance is better if you want wider protection.
Yes, you can cancel your bike insurance by submitting a written request to your insurer along with the policy document and proof of alternate insurance or sale of the vehicle.
Yes, a comprehensive policy often includes pillion passenger cover. If not, you can add it as a rider for additional protection.
For new bikes, a long-term third-party insurance policy (up to five years) is mandatory as per IRDAI regulations. However, comprehensive policies may still have annual renewal options.
You can download your policy copy from your insurer’s website or mobile app by entering your policy number, vehicle registration details, or login credentials.
Zero-depreciation cover ensures you receive the full cost of replacement parts without factoring in depreciation. It’s ideal for minimizing out-of-pocket expenses during claims.
Some insurers offer a grace period of 15–30 days after the policy expires, allowing you to renew without losing continuity benefits. Coverage during this period is not active.
No, you cannot file claims during the grace period as the policy is not active. You must renew the policy to regain coverage benefits.
Third-party insurance fulfills legal requirements but doesn’t cover damages to your own bike. A comprehensive policy provides better protection for your vehicle and liabilities.
Inform your insurer immediately, fill out the claim form, submit necessary documents (FIR, RC, bills), and get the vehicle inspected at a network garage if required.
There is no specific limit to the number of claims, but multiple claims can impact your No Claim Bonus (NCB) and may lead to higher premiums during renewal.
A comprehensive policy covers accidents, theft, natural calamities, man-made disasters, third-party liabilities, and personal accident coverage.
Yes, bike insurance policies are generally valid throughout India. However, you may need additional permits for coverage outside the country.
Exclusions typically include wear and tear, mechanical breakdowns, driving under the influence, and damages caused while using the vehicle for illegal purposes.
The validity of two-wheeler insurance depends on the policy type: annual policies last for one year, while long-term policies can be valid for 3–5 years.
Term insurance is a type of life insurance policy that provides coverage for a specific period or 'term'. If the insured person passes away during this term, the nominee receives the death benefit.
Term insurance offers financial security to your family in your absence by providing a substantial sum assured at affordable premiums. It's essential for ensuring your loved ones are financially protected.
Individuals with financial dependents, such as family members, should consider term insurance to safeguard their future in case of unforeseen events.
Yes, Non-Resident Indians (NRIs) can purchase term insurance policies in India, subject to certain conditions and documentation requirements.
You pay regular premiums for a specified term. If you pass away during this term, the insurer pays the death benefit to your nominee. If you survive the term, no benefits are paid unless you have a return of premium plan.
Types include Level Term Plans, Increasing Term Plans, Decreasing Term Plans, Return of Premium Plans, and Convertible Term Plans. Each offers unique benefits tailored to different financial needs.
A rider is an additional benefit that can be added to your base term insurance policy, such as critical illness cover, accidental death benefit, or waiver of premium, to enhance coverage.
Payout options include lump-sum payment, monthly income, lump-sum plus monthly income, and increasing monthly income, allowing flexibility based on your family's financial needs.
Typically, you'll need identity proof, age proof, address proof, income proof, and recent photographs. Medical examinations may also be required based on the insurer's criteria.
Comparing plans online helps you evaluate different policies, benefits, premiums, and insurers' claim settlement ratios, enabling you to make an informed decision.
The pandemic has highlighted the unpredictability of life, making it crucial to have financial protection for your family through term insurance.
Riders offer extra protection against specific risks, provide financial support during critical events, and can be cost-effective compared to purchasing separate policies.
Assess your personal and family needs, consider potential risks, and evaluate the cost of riders to select those that align with your financial goals and provide comprehensive coverage.
Factors include age, health status, lifestyle habits (like smoking), occupation, sum assured, policy term, and chosen riders.
Yes, for most term insurance plans, the premium remains fixed throughout the policy term, providing consistent financial planning.
Yes, premiums paid for term insurance are eligible for tax deductions under Section 80C of the Income Tax Act, subject to prevailing tax laws.
Insurers typically offer a grace period (usually 30 days) to pay the overdue premium. If not paid within this period, the policy may lapse, and coverage will cease.
An ILP is a financial product that merges life insurance with investment components. Premiums paid are allocated towards insurance coverage and investments in various funds, such as equities or bonds, providing both protection and potential returns.
Traditional life insurance offers a fixed sum assured upon death, with no investment component. In contrast, ILPs provide life coverage along with the opportunity to invest in selected funds, allowing the policy's value to fluctuate based on investment performance.
- Dual Benefits: Combines life insurance protection with investment growth potential.
- Flexibility: Allows policyholders to choose and switch between different investment funds.
- Potential for Higher Returns: Investments in equities and bonds can offer higher returns compared to traditional savings.
- Investment Risk: Returns are not guaranteed and depend on market performance.
- Charges and Fees: ILPs may have higher fees due to insurance and investment management costs.
- Policy Complexity:Understanding the terms and conditions can be challenging
Yes, most ILPs offer the flexibility to switch between different funds, allowing you to adjust your investment strategy based on your financial goals and market conditions.
No, returns are subject to market performance. While some ILPs may offer a minimum guaranteed return, the overall returns depend on the performance of the chosen investment funds.
ILPs are regulated by financial authorities to ensure transparency and protect policyholders' interests. In India, the Insurance Regulatory and Development Authority of India (IRDAI) overseas such products.
Individuals seeking both life insurance coverage and investment opportunities, and who are comfortable with market risks, may find ILPs suitable. It's essential to assess your risk tolerance and financial goals before investing.
Consider factors such as your financial objectives, risk appetite, the performance of available funds, fees, and the reputation of the insurance provider. Consulting with a financial advisor can also provide personalized guidance.
Many ILPs allow partial withdrawals after a certain period. However, withdrawals may affect the policy's value and death benefit. It's important to understand the terms and potential charges associated with withdrawals.