An insurance policy/plan is an contact between an individual (Policyholder) and an insurance company (Provider). Under the contract, you pay regular amounts of money (as premiums) to the insurer, and they pay you if the sum assured on unfortunate event arises, for example, untimely demise of the life insured, an accident, or damage to a house. Let’s know more about what is insurance and what are the various benefits, features & types of insurance available in India. Based on the insurance terms, the insurer provides a lump sum amount to the policyholder/nominee in case of an eventuality. The choice of a specific type of insurance policy is made based on individual needs and life goals....
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Unlike other accident insurance policies, Shagun can be bought for anyone — family members, extended family members, domestic help, driver, and cook, among others Life insurance provides financial stability to the family of the deceased policyholder. Gifting an insurance policy to your loved ones is among the best ways of securing their financial future. But generally, you can only gift life insurance within your family and not to an outsider like a friend. However, the new plan launched by SBI General Insurance, Shagun, allows you to directly gift a personal accidental insurance policy not just to your family but to anyone — your friends, cook, maid or driver. Here’s a lowdown on gifting...
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Home Insurance: A Shield Against Loss/Damage Home Insurance: Choose the best home insurance Policysupports at Policysupports and safeguard your house from natural and man-made disasters. Compare Home Insurance from Top Insurers Lowest Premium on Home Insurance Instant Home Insurance Online “A house is made of walls and beams; a home is made with love and dreams.” There is no such place like home in the entire Universe. After all, it is a place where you and your loved ones can rejoice, weave thousands of memories that last for a lifetime. While we put our life’s savings into buying or constructing a home but we rarely realize that our home needs a protection in the form of insurance too. By...
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I was so paralyzed by perfectionism that I couldn't decide on life insurance until a conversation with an expert changed my thinking Three evenly spaced dots forming an ellipsis: "...". Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. I'm a perfectionist, so I often avoid making important decisions because I haven't found the "perfect" solution. But instead, I end up making no decision at all. Until this year, I'd been unable to open a retirement account because of my analysis paralysis. Then, I spoke to an expert who completely shifted my view: She told me that no decision is the worst decision you can make....
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Pet Insurance Coverage and Benefits Protect your pet with Healthy Paws and give your dog or cat the best medical care while protecting your bank account from unexpected, and expensive, veterinary bills. Our affordable plan starts as low as $15 for cats and $20 for dogs. What Does Pet Insurance Cover? Pet insurance is designed to cover the unexpected accidents and illnesses that you just can't plan for, such as when the dog swallows something he shouldn't, or the cat gets a urinary tract infection. With Healthy Paws, you can be reimbursed up to 90% of your vet bills for these unexpected incidents. Coverage includes emergencies, hereditary or congenital conditions , cancer, and chronic...
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Woman wins $10,000 for reading fine print on her insurance policy A Georgia schoolteacher won $10,000 from an insurance company for doing what dozens before her failed to do: She read the fine print. Donelan Andrews was seven pages deep into the fine print on a travel insurance contract when she spotted some curious text, according to Squaremouth, the Florida-based company that issues a policy known as Tin Leg. “If you’ve read this far, then you are one of the very few Tin Leg customers to review all of their policy documentation," read the text, revealing a secret contest inviting Andrews to claim a $10,000 reward. Andrews was the first to reach out to Squaremouth about the contest, the...
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Oh no! It looks like you want to cancel your GEICO policy. We're certainly sad to see you go, but we're here to make that process easy for you. How to cancel your car insurance policy. If you want to cancel your policy, GEICO makes it easy with no cancellation fee. Just follow the steps below: If prompted to speak to the Interactive Voice Response (IVR), say "cancel insurance policy" and then "auto." Before you cancel your policy, there are a few things you should consider to be sure it's the best next step. You should consider keeping your GEICO policy if: Things have changed in your life, like... You've moved, even to another state. Your policy can simply go with you. We offer insurance...
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(Reuters) — John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. The move by the 156-year-old insurer, owned by Canada’s Manulife Financial, marks a major shift for the company, which unveiled its first interactive life insurance policy in 2015. It is now applying the model across all of its life coverage. Interactive life insurance, pioneered by John Hancock’s partner the Vitality Group, is already well-established in South Africa and Britain and is...
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Subject to the terms and conditions of your policy contract: 1. Max Life Insurance Company Limited (“Company” or “We” or “Us” or “Our”) requests you to pay your due premiums (along with the all applicable taxes, cesses, and levies as imposed by the Government or any other taxes, cesses or levies, if any) within the due dates specified in the policy contract. If you do not pay the premiums within the grace period, your policy may lapse. 2. A lapsed policy may be revived at our discretion, within the revival period prescribed in the policy contract provided the conditions prescribed therein are met. The premiums paid beyond the grace period may be subject to late fee as per the table...
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How do I pay for or renew my flood insurance policy? Your flood insurance policy does not renew automatically, so it is important to ensure your policy does not lapse. Not only would the potential regret and financial consequences of not being covered be devastating, but letting your policy lapse could also mean a higher premium once you reinstate coverage. High-risk areas are so susceptible to flooding that homes and businesses in these areas with mortgages from federally regulated or insured lenders are required to have flood insurance. Even if you live outside a mapped high-risk area, flood insurance is still recommended. Though your flood risk may be reduced, it is not eliminated. How...
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