LIFE, INSURANCE, AUTO INSURANCE, CAR INSURANCE, INSURANCE QUOTES, HEALTH INSURANCE

Car Insurance Companies in India

2010-10-07T00:51:00.004+05:30

Here are some Insurance Companies provide Car Insurance (Auto Insurance) in India.

> ICICI Lombard General Insurance Co. Ltd.

> HDFC ERGO General Insurance Co. Ltd

> TATA AIG General Insurance Co. Ltd.

> IFFCO TOKIO General Insurance Co. Ltd.

> Bajaj Allianz General Insurance Co. Ltd.

> Royal Sundaram Alliance Insurance Co. Ltd.

> United India Insurance Co. Ltd

> National Insurance Co. Ltd.

> Future Generali India Insurance Company Limited

> The New India Assurance Co. Ltd

INSURANCE PLANS - LIC

2010-10-05T18:54:00.005+05:30

LIC Life Insurance Corporation Of India. LIC is India's biggest Insurance Company.

Here is the List of Insurance Plans Provided by LIC.

Category	Insurance Plans
Endowment Plus	Endowment Plus

Children Plans	Jeevan Anurag
	Komal Jeevan
	CDA Endowment Vesting at 21
	CDA Endowment Vesting at 18
	Jeevan Kishore
	Child Career Plan
	Child Fortune Plus
	Education Annuity Plan
	Jeevan Chhaya
	Children Future Plan

Handicapped Dependendents Plans	Jeevan Aadhar
	Jeevan Vishwas

Endowment Assurance Plans	The Endowment Assurance Policy
	The Endowment Assurance Policy - Limited Payment
	Jeevan Mitra (Double Cover Endowment Plan)
	Jeevan Mitra (Triple Cover Endowment Plan)
	Jeevan Aanand
	New Janraksha Plan
	Jeevan Amrit

Plans For High Worth Individuals	Jeevan Shree \|
	Jeevan Pramukh

Money Back Insurance Plans	The Money Back Policy-20 Years
	The Money Back Plicy -25 years
	Jeevan Surabhi-15 Years
	Jeevan Surabhi-20 Years
	Jeevan Surabhi-25 Years
	Bima Bachat

Special Money Back Plan For Women	Jeevan Bharti - \|

Whole Life Insurance Plans	The Whole Life Policy
	The Whole Life Policy - Limited Payment
	The Whole Life Policy - Single Premium
	Jeevan Aanand
	Jeevan Tarang

Term Assurance Plans	Two Year Temporary Assurance Policy
	The Convertible Term Assurance Policy
	Anmol Jeevan - \|
	Amulya Jeevan - \|

Joint Life Insurance Plan	Jeevan Saathi Plus
	Jeevan Saathi

Know More:-

Life Insurance Companies of India

How to Save Money on Life Insurance

Way to get Cheap Auto Insurnce

CHEAP INSURANCE

2009-10-08T00:02:00.006+05:30

Here are some ways that helps you to get cheap life insurances. Lower Life Insurance Premium is not the way to get cheap life insurance. Look for the features that you actual need.

After decide the Life Insurance Plan, compare rates from many Life Insurance Companies. This will take time but it will save your money also.

Ideal prize of Life Insurance Policy can also make your life insurance cheap.
If you are looking for Life Insurance Policy prized about
$ 3, 50,000 but check out that the Insurance Policy prized $ 3,20,000 or 3,00,000 will more save your money than the first one.

Try to get group Life Insurance as an employee or any organization. Group Life Insurance is cheap insurance than single Life Insurance.

Yearly paying Insurance Premium is cheaper than monthly paying.

While buying Term Life Insurance, look for the renewable Term Life Insurance. After term get over there will the same long process to by new one. And Renewable Term Life Insurance will cost you cheaper than the Non renewable Term Life Insurance.

(click here to know the Types of Term Life Insurance)

When you decided to bought a Life Insurance. Just check out again the rates from different Life Insurance companies. And compare it with the previous search, definitely you will find some different.

Life Insurance Company will offers less premium physically healthy people. So avoid smoke and start exercises can also save money on Life Insurance.

Note: Some Life Insurance Company offers you unbelievable low Insurance Premium. So before buy Check that, this Life Insurance Company is trust able or not.

More tips to save money On Life Insurance

More About Insurance

Cheap Auto Insurance

American life insurance company

Term Life Insurance

INSURANCE WILL NOT COVER IF . . .

2009-10-06T15:47:00.007+05:30

Insurance will not cover for many reasons, there is also depend upon the Insurance Policy.

If any damage and disability occurs because of any ill legal activity,civil war, admitted in any organization for terrorism or violence then Insurance will not cover.

A Policy holder intentionally did any work to injure himself. Attempt to suicide, dunked and drug took before the event happen then the Life Insurance will not cover.

Policy holder dies or hospitalized form AIDS then this policy will became useless. Additionally, underwater non natural breathing, injured with radioactive things,

More About Insurance

Way to get Cheap Life Insurance

LIFE INSURANCE POLICY : IMPORTANTS

2009-10-05T14:08:00.004+05:30

Did you know that a life insurance policy can:

A Life Insurance Policy is very important and useful. It is more than a Document.

Insurance Life Policy can provide money in vital condition, such as death.
Insurance Policy is also works as a guarantor. Banks can give Loan on Insurance Policy. They use insurance Policy as a guarantee. Amount of Loan is depending upon the Insurance Life Policy amount.

Some special Insurance Policy provide monetary fund for Children’s further education.

Pay as pension at old age.
Insurance Policies works as savings for future big expenses like marriage, buy house etc.

Keep a family’s living standard after the death of leading person. And also help to pay major expenses like loans and other dues.

Constantly pay money to the family.

Life insurance is always a friend in time of need.

More about Life Insurance

Types Of Life Insurance

Life Insurance Vs. Other Saving

Life Insurance Companies List U.S. Indian

TERM LIFE INSURANCE POLICY - BENEFITS

2009-08-27T00:15:00.005+05:30

Term Life Insurance gives you an option to select insurance cover from a year to 35 years. You can easily choose the term of one year, two years or five years, what ever you want.

Less Insurance Premium
Affordable Insurance Premium
Nowadays, Most of People want to spend less and wish more. Term Life Insurance is ready to fulfill your desire. Term Life Insurance offers less Premium. Less Insurance Premium Facility will expand your term. Some Types offers less Premium at initial stage, this will help people to start Life Insurance. A person, who has just star his job and want a Life Insurance Policy with Less premium. Term Life Insurance will be the best for him.
Thus, Term Life Insurance gives you the benefit to start your Life Insurance with less Insurance Premium

Easily Convertible
If you had bought a Term Life Insurance, and want to change or convert it then it’s possible and easy. You can convert it in to Accidental death Insurance or any other Life Insurance. Conversation is depends on Life Insurance Companies and their terms & Conditions. Some companies offer more option to choose from.
So, if you still not satisfied with your Term Life Insurance than convert it in to your desirable one. It will save your money.

Easy and Fast Reward
At the time of Reward, There is a simple way to get the reward, because in Term Life Insurance there is no long process for this. It will save your valuable time. And the other thing is that, fewer documents are required at reward time. So, it is possible to get Easy and Fast Reward in Term Life Insurance than other Insurance.
But, note one thing that the actual time of procedure is depending upon Different Insurance Companies terms and Conditions.

Various Ranges
Term Life Insurance has vast range of different types of Policies/Plans. So that, A buyer can customize his Term Life Insurance Plan as per his requirement.
Different types of Plans are designs according to people’s lifestyle, occupation and needs. There are various plans for businessmen, employed, old age people.

TERM LIFE INSURANCE- TYPES

2009-07-22T22:04:00.005+05:30

If you buy any type of life insurance, you should have at least some basic information about that product and related other product available in market. This will surely save your money.
Term Life Insurance has many different types. Each type has its own features and benefits. Here, you will get the short but key information about the Types of Term Life Insurance.

Annual Renewable Term Life Insurance Policy
Annual Renewable Policy is the largest selling policy of Term Life Insurance. As the name suggests, you have to renew this policy to continue your insurance cover. At the time of buying this policy you have to give a medical test, but at renewal time no new medical test required. In this Policy, Insurance Premium is cheap at young age, as your age increase premium amounts will also gradually increases.

Nonguaranteed Term Life Insurance Policy
This Term Life Insurance Policy is for one year. During this year if you die, Insurance Company pays. Each year or time you buy Nonguaranteed Insurance Policy you have to pass out from a medical test. If you fail in this test you will either pay more or not buy this Insurance Policy. You have to give this medical test before each time you buy Nonguaranteed Term Life Insurance Policy.

Convertible Term Life Insurance Policy
Convertible Term Life Insurance Policy offers you the facility to convert it to a Whole Life Insurance Policy (Permanent Life Insurance Policy). To convert, charges are applicable. Amount of these charges can be change as per different Insurance Company. Normally people convert their Insurance Policy, when they have some health problem and the amount of Insurance Policy increases.

Level Premium Term Life Insurance Policy
From any reason, you do not pay you Insurance premium and the Policy may be expire. After the expiration, you want to renew your Insurance Cover than you can. This is the main benefit of Level Premium Term Life Insurance. To renew it, you have to pass the Medical Test. If you fail in this test it will be more costly to get it. So, you can think about the Convertible Whole Life Insurance Policy instead of this.

Related Searches

Types of Whole Life Insurance.

What is Term Life Insurance

WHOLE LIFE INSURANCE POLICY - ADVANTAGES

2009-07-20T23:16:00.016+05:30

Yes, you are right. You must have to know that the product you are going to buy is actually giving you benefits and if yes, than which?

Save Time and Easy Process
There are many different factors and qualities that make the Whole Life Insurance different than other. One of the best quality is that, the Whole Life Insurance save time. Once you bought Whole Life Insurance, you are secured for lifetime. There will be no need to buy any other life insurance policy in the future. By this way you can save your time. “Single Premium Whole Life Premium” is a type of Whole Life Insurance. In this type, you have to pay your premium only one time and than no need to pay any Insurance Premium in future. So, if you do not want to waste you time & energy in buying and paying Insurance premium, the Whole Life Insurance will good for you.

Tax Benefit
Nowadays people are trying and finding new ways for save their income tax. For them, Whole Life Insurance is profitable. Some Plans of Whole Life Insurance will save your income tax.

Easy Conditions
While buying some kind of Life Insurance, there is a long process. But in Whole Life Insurance there is very short and less process to buy. There is no needing give medical examination while buying and also in future as other Life Insurance Policy. To buy a Whole Life Insurance does not take much time because; of it have short process and less documentation to submit. SO, it’s a user friendly.

Wide Range of Policies
Whole Life Insurance has so many different types of Life Insurance Policies. So, there is a huge option for buyer to choose from. Each policy has its own advantages (benefit). For Example, if someone wants to pay only one time Insurance Premium, “Single Premium Whole Life Insurance” is for them. “Limited Premium Whole Life Insurance” is for them who wants to pay insurance premium for limited period. Whole Life Insurance provides the benefit to choose any policy form its wide range of types. (Click here for more types and detail information of Whole Life Insurance)

A Whole Life Insurance Policy helps you in your critical financial time. You can take Loan form any bank against your Whole Life Insurance Policy. This Insurance Policy works as a loan guarantee.

Related Searches

Cheap Life Insurance

What is Whole Life Insurance?

Life Insurance Companies in India

TYPES OF WHOLE LIFE INSURANCE

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Participating Whole Life Insurance
In USA the Participating Whole Life Insurance is known as with-profit policy. In this Type of policy, Insurance Company shares its profit with their Policy Holders. This Profit sharing is Called Dividend. Generally most of Insurance Company pays Dividend in Cash to their Policy Holders. This Dividend is tax-free.

Non-Participating Whole Life Insurance
Non-Participating Whole Life Insurance plan will not pay the Dividend to their Policy Holders as the Participating Whole Life Insurance can pay. But if you want low cost Whole Life Insurance then this type of Whole Life Insurance is good for you. In this type the amount of Premium will be flat till the end of this Whole Life Insurance Policy. And the other benefit is that other valuable factors like death benefits, low premiums are strongly carry out by the Insurance Company for this type of Whole Life Insurance.

Limited Pay Whole Life Insurance
This Whole Life Insurance protects you for lifetime with Limited premiums. Limited Premiums means you have the choice that for how many years you can premium or how many numbers of premiums you can pay. E.g. At Present time you are 48 year old, you will retire at the age of 58. So you can set your premium mode to pay the premiums till the age of 58. But the amount of each premium is higher than the other types of Whole Life Insurance plans.

Single Premium Whole Life Insurance
As its name, you have to pay once and you are secured for life time. But the amount of the Premium is very high. After you paid premium, there is no remains any payable amount to the Insurance Company. People who not want to pay time to time and no problem of money they will choose this one. Rarely any person can afford this Whole Life Insurance Plan so it is unpopular than other Whole Life Insurance Plan.

Indeterminate Premium Whole Life Insurance
In this Whole Life Insurance the amount of Premium is flexible. Insurance Company calculates the amount of Insurance Premium on the base of some factors like Company’s approximately earnings, Expenses, death rate ECT. At the time of selling Insurance Policy Insurance Company take on Premium at the Current rate as per those factors. After some years the estimated factors may change then Insurance Company will also change the amount of premium. Company can increase or decrease this amount. But the Insurance Company cannot increase the premium than they had declared in Policy as the Maximum Guaranteed Premium.

Level Premium Whole Life Insurance
As the name suggest, you have to pay equal amount of premium each premium. It is a type of Whole Life Insurance, the premiums should be continuing for lifetime to keep protection. In this Life Insurance plan the amount of Insurance Premium is very low, so that it is affordable for all.

MORE ABOUT INSURANCE

Types of Health Insurance policy

Types of Auto Insurance

Low Cost Life Insurance

ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE

2009-06-23T21:46:00.013+05:30

What is Accidental Death and Dismemberment Insurance?

Accidental Death Insurance protection in case insured person dies because of accident. This Insurance does not protect if the insured person dies from any illness, suicide or any other reason accept accident. Accidental death insurance works almost same like as Life Insurance. Accidental death Insurance is available with wide range of amount. These prize ranges is depend upon different Insurance Company. After the death of Insured person, Insurance amount is given to the beneficiary. So, the amount of Insurance is nearly related with the beneficiary’s standard of living. After the death of insured person insurance amount will be helpful to the beneficiary to live his/her rest life normally. That’s why the standard of living is the main factor to choose the Accidental Death Insurance amount.

Insured person should regularly pay Insurance Premium. If he/she failure to pay it regularly or stop paying premium then Insurance Company can terminate his Accidental Death Insurance Policy.

What Does Accidental Death Insurance Cover?

Accidental Death Insurance will cover almost all that injuries which were take place due to an Accident. Insurance Company will pay you if you had loosed your eyesight; any part of your body, your speech etc. Not all Insurance Company will give all that benefits, its depend on companies terms and condition.

To get these benefits you have to prove to the insurance company that you had got these injury only from an accident. Insured person or beneficiary has the right to get claim amount.

More about Insurance
-Life Insurance - Term Life Insurance -

Indian Life Insurance Companies List

TERM LIFE INSURANCE VS WHOLE LIFE INSURANCE POLICY

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Here are some points that shows the difference between Whole Life Insurance and Term Life Insurance

-Duration

As per its name Whole Life Insurance provides coverage for whole life While Term Life Insurance Protect for Specific Term.

-Convert
Term Life Insurance can be change in to Whole Life Insurance but it is not possible to change a Whole Life Insurance in to a Term Life Insurance.

-It’s Use
Whole Life Insurance for them who has already have some assets and want to save tax , because the amount you pay as Whole Life Insurance Premium it will cut down in your tax. So usually Whole Life Insurance is used to save Tax.

You are buying whole Life Insurance or Term Life Insurance it’s depends upon its use. If you any debit able amount like mortgage or other loans than your Tern Life Insurance will be works as a shield against pre-mature death.

-Renew
In Whole Life Insurance there is no need of renew your Insurance Policy, Once you start Policy and paid Insurance Premium it will protect you for entire Life. Exceptional you stop paying Insurance Premium.
While In Term Life Insurance there is need to renew this Insurance Policy, There is specific terms, you should pay premium for each term, when it get over than again you should pay premium to continue your Term Life Insurance Policy.

-Returns
Whole Life Insurance gives you less return than Term Life Insurance can for the same amount.

-Premium

The rate of Insurance Premium is higher in Whole Life Insurance, while in Term Life Insurance you have to pay less than Whole Life Insurance.

-Coverage at old age
Term Life Insurance policy is not provides coverage at the age around 75-80 years. To get protection, Term Life Insurance Policy holder should convert their Insurance Policy in to whole Life Insurance or any other Insurance Policy that protect at old age. This conversation should be done before the age of 70 years or earlier.
While, Whole Life Insurance will continue its protection for whole life. There is no need of any conversation or renew. This protection will cover you as long as you pay its premium.

UNITED STATES LIFE INSURANCE COMPANIES LIST

2009-04-08T21:40:00.005+05:30

Here is a List of Life Insurance Companies of India. For More Information you can visit their websites.

Company Name	Company Website
AAA Life Insurance Company	www.aaalife.com
Aetna Life Insurance Company	www.aetna.com
American General Life Companies	www.aigag.com
Alfa Insurance Company	www.alfains.com
Allstate Insurance Company	www.allstate.com
American Founders Life Insurance Company	www.financialone.com insurance
American Family Insurance.	www.amfam.com
American Farmers & Ranchers.	www.americanfarmersandranchers.com
American International Group	www.aigcorporate.com
American National Insurance Company	www.anico.com
Aon Corporation (Combined Insurance Company of America)	www.aon.com
Auto-Owners Insurance	www.auto-owners.com
Axa	www.axa.co.uk
B
Banner Life Insurance Company	www.lgamerica.com
Bankers Life and Casualty Company	www.bankers.com
C
Country Life Insurance Company	www.countryfinancial.com
E
Enumclaw Insurance Group	www.mutualofenumclaw.com
F
Farm Bureau Insurance Companies	www.farmbureauinsurance-mi.com
Farmers New World Life Insurance Company	www.farmers.com
First Investors Life Insurance Company	www.firstinvestorslife.com
First United American Life Insurance Company	www.firstunitedamerican.com
Foresters	www.foresters.co.uk
G
Garden State Life Insurance Company	www.gardenstatelife.com
Globe Life And Accident Insurance Company	www.globeontheweb.com
Guardian Life Insurance Company of America	www.guardianlife.com
J
Jackson National Life Insurance Company	www.jackson.com
John Hancock Insurance	www.johnhancock.com
K
Kansas City Life Insurance Company	www.kclife.com
L
Lafayette Life Insurance Company	www.llic.com
Liberty National Life Insurance Company	www.libnat.com
M
Massachusetts Mutual Life Insurance Company	www.massmutual.com
Mega Life and Health Insurance Company	www.megainsurance.com
Metropolitan Life Insurance Company	www.metlife.co.in
Minnesota Life Insurance Company	www.minnesotalife.com
Modern Woodmen Fraternal Financial	www.modern-woodmen.org
Monumental Life Insurance Company	www.monlife.com
Mutual of America Life Insurance Company	www.mutualofamerica.com
O
OneBeacon Insurance Group Ltd	www.onebeacon.com
P
Pekin Insurance Company	www2.pekininsurance.com
PEMCO Mutual Insurance Company Seattle	www.pemco.com
Progressive Casualty Insurance Company	www.progressive.com
Prudential Financial	www.prudential.com
Protective Life Corporation	www.protective.com/
R
RBC Insurance Services Inc	www.rbcinsurance.com
S
Sagicor Life Insurance Company	www.sagicor.com bofw-insurance.aspx
Shenandoah Life Insurance Company	www.shenlife.com
StanCorp Financial Group	www3.standard.com
Shelter Mutual Insurance Co	www.shelterinsurance.com
State Farm Mutual Automobile Insurance Company	www.statefarm.com
T
Thrivent Financial for Lutherans	www.thrivent.com insurance
THE TRAVELERS COMPANIES	www.travelers.com
The Union Central Life Insurance Company	www.unioncentral.com
The Western and Southern Life Insurance Company	www.westernsouthernlife.com
The Hartford Financial Services Group, Inc	www.thehartford.com

Know More:-

Life Insurance Companies of India

How to Save Money on Life Insurance

Way to get Cheap Auto Insurnce

WHOLE LIFE INSURANCE

2009-03-22T16:47:00.007+05:30

What is whole life insurance?
Whole Life Insurance or whole Life Assurance is a kind of Life Insurance. As it’s name it gives protection for whole life. Whole Life Insurance is based on two main factors, one is death benefit another is Tax-delay. Normally Insurance Company offers flat premium. Whole Life Insurance is not more profitable than other Life Insurance plans. Policy Holder will get around same amount that he had paid as premium. In this Life Insurance policy the rate of premium is higher even return is low. So Whole Life Insurance is not profitable than Term Life Insurance.

Advantage of Whole Life Insurance
Whole Life Insurance has its own advantages. Once it bought there is no need any other Life Insurance for entire Life. At old age if you want to buy any other life Insurance then it will be costlier than Whole Life Insurance. In additional you have to take some medical check-up, strict paper work ect. So Whole Life Insurance is a helpful at old age.
Whole Life Insurance is a good option to save your tax. The amount which you had paid as premium will be cut in Tax amount.
This Life Insurance gives you life long Protection. Whole Life Insurance gives you continues protection, there is no need to renew your Life Insurance Policy like Term life Insurance.

Disadvantages of whole life insurance
Whole Life Insurance is not good for Investment. Its returns is very low than other Life Insurance Plans. There for it is not much profitable as an investment.
The rate of premium is higher. As its return is low and moreover its premium is high it is not value for money.

TERM LIFE INSRUANCE POLICY

2009-03-18T22:31:00.004+05:30

What is Term Life Insurance?
Term Life Insurance is the most popular Life Insurance. It is also known as TERM ASSURANCE. And there are various types of Term Insurance is available in Insurance Industry. But did you really know why it called TERM LIFE INSURANCE? Term Life Insurance is designed for temporary Life Insurance Coverage with limited budget. Actually Term Life Insurance is planned for specific time coverage. One can buy this Insurance for a particular time like 5 years, 10 years ect. During this specified time policy holder dies then the whole amount of claim will paid to the beneficiary by the Insurance Company. And if the policy holder is alive the he or she will get the return of his or her premium. Term Life Insurance Policy is renewed at higher rate of premiums in most of countries at the age of 80 and above. Some Life Insurance Companies returns 100% of the premium.

Usage of Term Life Insurance
The main use of Term Life Insurance is to secure financial responsibilities of the policy holder.

Qualities of Term Life Insurance

Renewable:
Tern Life Insurance policy holder can renew his/her insurance policy. Policy holder can continue his Insurance Coverage with safe features. As Term Life Insurance Policy is renewed the amount of it’s premium increases. The increasing of premium is also depends on policy holder’s age. Normally as your age is high you have to pay higher premium. Tern Insurance Policy holders can renew their policy as long as they wish but each time Policy holder renew their policy they have to pay higher premium then previous time.

Switch Policy:
Term Life Insurance policy is renew able. Some policy holders renew their Term Insurance Policy for a long time. There is another option to Switch policy for them, who wants to continue their Life Insurance cover for a long time. It is cheaper than they renew their policy for a long time. Only few Life Insurance Company gives this option. Term Life Insurance will be switched in to Permanent Life Insurance.

Flexible premiums:
Term Insurance has the facility that it’s premium is flexible. In this function policy holder has the choice to adjust their premium according to the Life Insurance Company’s rule. Term Life Insurance policy holder can pay some time higher premium and some time lower. But at the end premium will be not paid more than the total premium amount.

List of Indian life insurance companies

TYPES OF HEALTH INSURANCE POLICIES

2009-02-25T23:03:00.007+05:30

The Types of Health Insurance can be divided in two main categories.

1st is the Traditional and 2nd is the Managed Care.

Among these two categories there are four fundamental types of Health Insurance Plans

Free for service plan (Traditional indemnity plans)

1. Basic Medical

2. Major Medical

Preferred Provider Organizations(PPO)
Point-Of-Service plans (POS)
Health Maintenance Organizations (HMOs)

Health Insurance Plans has all that flexibilities that one can expect. It has low cost plans that a middle class person can afford, there is a fee-for-service plan that offers some kind of freedom that every one wants during Health Insurance Cover. There are also plans that help you in your business. Let we know and understand about this Health Insurance Plans in Detail.

Free for service plan (Traditional indemnity plans)

Before 30 years, The Free for service plan was known as Traditional Indemnity plan. At that time most of People had bought this coverage and today also it is very popular. In this type of Health Insurance Plan, Insurance Company pays expenses of the policy holder. Policy holder or buyer has the option to choose any of recommended hospital and Doctors independently for their treatment. You can also consult any specialist without any getting any prior permission to the Health Insurance Company. Free for service plan offers this facility in some selected hospitals only.

Policy buyer has to pay some money to the Health Insurance Company before the Insurance compensation getting started. This amount is called as “Deductible” and “Out of pocket Expenses”. The amount of Deductibility is about $220 to $260 per person. And remember that your deductible amount is not counted for all your health expenses.

Once you had paid your Out of pocket expenses only then your policy will be activate and use the facility of sharing your Health expenses with your Health Insurance Company. This Facility is depends on for which duration you had paid your Deductible amount, if you had paid for a year then Health Insurance Company will give this facility for a year. Normally Health Insurance Company pays 80% of Health expenses of the Policy Holder’s total Health Expense Bill. The remained 20% is pays by Policy Holder; this remaining amount is also called as “Coinsurance”.

After you have paid your deductible amount for the year, you share the bill with the insurance company. For example, you might pay 20 percent while the insurer pays 80 percent. If you pay out of pocket expenses as per your Insurance Company than some Health Insurance Company pays 100% of your Health Expenses. This is the main reason that, this Health Insurance Policy is very popular and people like it very much.

At the time of getting payment, you have to fill some forms which the Health Insurance Company had given. With this form attach some required some documents like Hospital Bill, Medicine bills ect. Without this documents company will not give you payment and its your responsibility to keep that document.

Two Types of Free-for-service

1. Basic Medical

Basic Medical plan covers the basic cost, when you are hospitalized. It cover up general services of hospital, like X-ray, Laboratory tests, therapy, Surgery, medicines.

2. Major Medical

Major Medical plan covers all the benefits that the Basic Medical gives. Additionally it gives protection against all that illness and surgeries which is high expensed.

Managed Care

Managed care term is very popular in US. This plan is admitted in the Insurance Industries since 1930s. But it starts growing in last 11 to 12 years. There are lots of similarities between the Managed care plan and almost all other plans. The Managed Care policy holder should take an approval before admitted in to any hospital. If Policy Holder admits without taking any approval, then the Health Insurance Company has the right to not cover this Policy Holder’s bill. Policy Holder must select a Hospital for treatment from Health Insurance Company’s Network.

Health Maintenance Organization (HMOs)

HMO, Health Maintenance Organizations offers the complete care of you and your family. It is a kind of prepaid plan. HMO is a low lasted plan with limited flexibility Health Insurance. Less flexibility means there is a limited option to choice any Doctor or Hospital. In Case of any emergency before you admit for treatment you have to inform the insurance company, without getting clearance Insurance Company will not support. Although it provides you better services like X-Ray, Doctor-visit, Surgery, and Medical Test.

In this plan, the process of getting claim amount is very easy. If you have followed instruction as per your Insurance Company then there is less paper work and process that you do. Hospitals, Doctors and Insurance Company work together that why it is process.

The HMOs is cheaper than the Free-for-service. There is very low co-payment for their services. For doctor visit they charge approximately $5 and for Emergency charges about $20. It means that the charges of any HMOs is normal than the free-for-service plan.

The HMO is cheaper than the free-for-service health Insurance plan but it will take more time for meeting than the free-for-service. For Medical service like hospital stay and office visit there is no need of claim forms, in its place they use member cards. This member card is same like as debit or credit card. This facilities make HMO friendly.

Point of Service Plan(POS)

POS, the short form of Point of Service plans. This plan is same like as PPOs Preferred Provider Organization. In this Health Insurance Plan you have to choose Doctor and Hospital from Health Insurance Company’s network. In Case of getting transfer to any Specialist, you still go through your Primary Care Physician. And if you don’t do that process then you will get less financial support from your Health Insurance Company. But you follow Insurance Company’s Rules and Regulations then there is minimal paperwork and less repayment.

Point of Service plan will give you more services like Medical check-up Camps, Smoking ending programmers they will also gives you discount coupons of some health equipment stores and health clubs.

Preferred Provider Organization(PPOs)

The Preferred Provider Organization PPOs has mixed qualities of HMOs and free for service plan. This Health Insurance plan is a low cost Health Insurance plan, you should pay less fees. As Per HMOs there is a limited network of Doctors and Hospitals to select for Medical treatment. If you select a Doctor or Hospital for Medical treatment you have to pay very less amount from your pocket.

In PPO, there is no need to getting an approval to refer you to any specialist. But it is possible in Insurance Company’s network. Sometimes you have to pay a small amount as deductibility and Coinsurance for Doctor Visits. It is profitable for you to not to break any conditions of your Health Insurance Company. But if you broke it, then you will not get the benefit of paying less from your pocket, less paperwork and many other benefits.

Before you made up your mind to buy any Health Insurance Policy, it is good and safe to talk or discuss with the people who are already bought that type of Health Insurance Policy.

HEALTH INSURANCE & ITS TERMS

2009-02-13T23:51:00.005+05:30

Health insurance is a protection shield against economical loss due to weak health. It covers specific medical care expenses occurred from any accident or ill health. To have Health Insurance is very important today because it protect you from accidentally happen economical expenses. At that time if you can’t manage or able to pay expenses then your Health Insurance helps you to pay that expenses.
Detectability
When you want to buy Health Insurance you have to pay some money to the Insurance Company before your health Insurance Policy begins to pay. Generally Policy Buyer have to pay that money yearly period and next year again the amount will be deductible. This cycle continues when your Health Insurance Policy will get over.

Coinsurance
Health Insurance Provider Company required paying this amount by the Policy Buyer and it would also pay before the Health Insurance Company starts paying. This Amount is known as Co-insurance, Some Health Insurance Company provides various benefits and services to the Policy Buyer.

Co-payment
Co-payment is a different term which is also used in place of Co-insurance. Some Health Insurance Company call and use Co-payment instead of Co-insurance but the purpose of that both terms are same.

Maximum Out of Pocket
The Expense, which is paid by the Policy Holder from their pocket and in totaling to premium, is called Out of Pocket. This money is needed to pay to the Health Insurance Company for Detectability and Co-payment or Co-insurance. Out of pocket amount is preset by the Health Insurance Company.

Lifetime Maximum Money
This is the maximum money of each Health Insurance Plan will be paid by the Health Insurance Company. This service provide during the policy holder’s life time. Note one thing that the individual lifetime maximum and family lifetime maximums are different.

LIFE INSURANCE COMPANIES LIST OF INDIA

2009-02-09T22:28:00.019+05:30

Here is a List of Life Insurance Companies of India. For More Information you can visit their websites.

Sector	Company Name	Company Website
Public	Life Insurance Corporation of India	www.licindia.com
Private	Bajaj Allianz Life Insurance Company Limited	www.allianzbajaj.co.in
Private	Birla Sun-Life Insurance Company Limited	www.birlasunlife.com
Private	HDFC Standard Life Insurance Co. Limited	www.hdfcinsurance.com
Private	ICICI Prudential Life Insurance Co. Limited	www.iciciprulife.com
Private	ING Vysya Life Insurance Company Limited	www.ingvysayalife.com
Private	Max New York Life Insurance Co. Limited	www.maxnewyorklife.com
Private	MetLife Insurance Company Limited	www.metlife.com
Private	Om Kotak Mahindra Life Insurance Co. Ltd.	www.omkotakmahnidra.com
Private	SBI Life Insurance Company Limited	www.sbilife.co.in
Private	TATA AIG Life Insurance Company Limited	www.tata-aig.com
Private	AMP Sanmar Assurance Company Limited	www.ampsanmar.com
Private	Dabur CGU (Aviva) Life Insurance Co. Pvt. Limited	www.avivaindia.com
Private	Relience Life Insurance Co. Ltd	www.reliancelife.com
Private	Shriram Life Insurance Co. Ltd	www.shriramlife.com
Private	IDBI FORTIS LIfe Insurance Co. Ltd	www.idbifortis.com
Private	Sahara India Insurance Co.Ltd	www.saharalife.com
Private	Future Generali India Life Insurance Co. Ltd.	www.Futuregenerali.in.com
Private	Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.	www.canarahsbclife.com
Private	AEGON Religare Life Insurance Co. Ltd.	www.aegonreligare.com
Private	DLF Pramerica Life Insurance Company Ltd.	www.dlfpramericalife.com
Private	Star Union Dai-ichi Life Insurance Co. Ltd	www.sudlife.in

Life Insurance Vs. Other Saving

2009-02-07T01:04:00.004+05:30

Before buying any Life Insurance Policy, first a buyer think about the return that how much he will get from it. Then he (Buyer) compares that which option is more profitable than to invest or save as Life Insurance. Here are some reasons and benefits why Life Insurance is better.

Save Tax
Life Insurance can help you to cut down your Tax. According to Tax rules Life Insurance’s premium will cut down from your income tax and wealth tax.
Surety with Protection: If you’r saving your money as Life Insurance Policy, Insurance Company will give you guarantee against the risk of the policy holder. Thus Insurance Company is giving surety. When your Insurance policy gets over, you will surely receive assured amount with applicable bonus. While other investment plans will return your money only with interest. Mostly that type of investment schemes has low interest rate.

Easy Facilities
Life Insurance has many facilities that encourage all kinds of people from lower class to higher class. They have many types of payment options like monthly, quarterly, half yearly and yearly with lower rates to higher rates. There is easy process for buy a Life Insurance Policy and also in paying. For Example: You are working in any company or firm your specified amount of premium will be deducted from your salary. So, you will save your time also. Most of Insurance Companies are providing this service. While for other saving you have to do lots of work and spend your valuable time.

Useful to get another Credit
When you need any home load, personal loan, Business loan or any other loan it will be easy only if you have any Insurance Policy. Because banks are provide loans on your Insurance Policy. They use your Insurance Policy as security and gives Loan as per your policies’ amount. While on other saving banks are not proving loans.

MAKE YOUR AUTO INSURANCE MORE HELPFUL

2009-02-05T23:49:00.006+05:30

Globally, most of countries’ motor vehicle department has a “Point” system. They use this special system of points while accessing personal driving records. When there is any involvement of you in driving violation you have given some points. In Driving violence there is not only included accidental cases but also included traffic infraction, dunked drivers, parking infractions etc. Some Auto Insurance Company collects all types of information from you then gathers Driving Violence records from the motor vehicle department. People take Driving records very lightly but it is a chief matter for Insurance Company and unknowingly you also. There are four major Reasons to compare Driving Records from both places.

1. It effects on the overall possibility to get insurance policy.

2. The total price of your insurance policy is also affected by it.

3. It is useful for Insurance Company that how much risk you are giving to them.

4. And from that record insurance company knows that you are able to meet their insurance standards.

Usually Auto Insurance Company Use this Records as, if there are more points on your driving records, you should pay more on your auto insurance policy and Good Driving Records will decrease your Auto Insurance cost. Different Insurance Company has their own method how they use it. Frequently Insurance Company count like this because the higher pointed person means, the person with dotted driving record can get Policy by paying more than the person who has good driving record. By buying auto insurance you are transferring accidental risk to the Insurance Company. A bad recorded Driver is more risky than the good for Insurance Company. That’s why Company charge different amount from different person.

Reduce your Auto Insurance Premium

If you really want to cut your Auto Insurance Premium then first of all be a good driver. If your Auto Insurance Premium is calculated on your driving record then you have to spend less on your Insurance premium. This is the main plus point of being a good driver. You will get noticeable discount on your auto insurance premium if there is no entry of any driving violent in your driving record book.

Want to Pay Less in spite of having Bad Driving record

Don’t be sad if you have bad Driving record. Some Auto insurance Company has an option that if you drive or ride without any driving violent than the insurance company will forgive your old driving record and will not increase your auto insurance premium. In Auto Insurance Sector this option is known as “Accident forgiveness”. So before buying auto insurance checks that, this option is available in that Insurance Company.

Harmless driving will not only save your money but also can save someone’s’ life and there is no more important than someone’s life. So follows the traffic rules and Drive Safe.

WHO NEED LIFE INSURANCE?

2009-01-12T18:13:00.005+05:30

It is true that every human mind have their different thinking. Some people really need to insure him or her. Moreover, some people believe that they are wasting their money & ignore it. That is why some people need Life Insurance and some have don’t. So let’s check out some circumstances to know who really need life insurance or not.

Just imagine that you are unmarried man\woman and living alone. There is no one who depends on your earnings. In this situation, did you need any Life Insurance Policy? Obviously No. After you, who will be the receiver? Your life is alone, no one is depends on your earnings then to buy any Life Insurance will be a waste of money for you. If you are planning to do any social help or activity from your Life Insurance money then go for it. When you are alive perhaps, there are so many good things to use your money.

Now imagine you are a bachelor man\woman live in a home or in an apartment. You have also a mortgage of $ 150000. When you stands in that type of scenery, you really need any Life Insurance? Yes, you need Life Insurance when you have major responsibility. In this situation, your decision of buying Life Insurance will protect your parents from the trouble of vacant of your property. It is not right to move your responsibility to your parents. If you will buy a normal policy this will not help your parents to complete whole mortgage. Therefore buying Life insurance policy is a safe step for you and it will covers the estimated costs over the whole mortgage.
And, for a man\woman who has children and want to save a part of their income that they depend on. For that people Life Insurance is essential. If you are a rich person and can insure yourself then it is not compulsory to buy Life Insurance. But for others to buy Life Insurance coverage is very important. You need adequate coverage to live your spouse a comfortable life.

To have Life insurance is very important today, I will your family members to live a comfortable life when there will absence of your earnings.

AFFORDABLE LIFE INSURANCE

2008-12-23T22:40:00.002+05:30

Looking to spend less?
Not everyone wants to pay more on their Insurance Premium. For those people there are some ways to cut down their insurance premiums.
The rate of life Insurance Premium is depends upon some factors. Those factors are…
Type of Insurance that you select.
The Policy’s death Benefit
The Risk that you pretense to the insurance Company

It is noticeably that to get the lowest cost Life Insurance is depends upon standing with some categories. This Category are given below. This category seems normal but it is performing main role to decrees the Premium of your Life Insurance. So, Let us undertake that entire category.

The First Category is your Risk
In this factor, there are your habits, condition of your health, your life style. This all-normal thing is very effective to your life insurance premium because, all things into the risk you pose to your insurance company. Initially it place to reason, and after that it making upgrading in this areas. As the result of it, the Areas can reduce high premiums. On occasionally its notably.

The bad habit of Smoking and drinking are become reasons for raising Life Insurance Premium.
A sure way to get low cost Life Insurance Premium is to moderate your bad habits of drinking and smoking and after three to four years your insurance prices will decrease. It is very easy to say this than to do it practically, but it is quiet effective.

Serious illness or bad medical condition grows up your Life Insurance Premium tremendously.
Insurance companies create a group of applicants with particular illness into a lump without taking into consideration each individual’s situation. Because of this rule, there are no difference between the premium of normal man and bad habited man.
If your sickness reaches at the high level then take time to locate an insurance company that, takes every application on an individual basis. It is very difficult to get a low cost Life Insurance for the man who is suffering from any illness of having any bad habits but this effort will came him towards lower his Life insurance cost.

Risky surrounding is also responsible for higher Insurance Cost.
Your profession or the place & post of your job, your risky hobbies like paragliding, bungee jumping this types of things effects on your Insurance prices. These types of things can put your life in danger so your surroundings is responsible for higher insurance cost. A truly risk free life is the solution to finding Low cost Life Insurance.

If your Life style is safe, surroundings are secure and you had maintain your health well, you are giving little responsibility of risk to the insurance company and it will be your main reason to get low insurance premium.

LIFE INSURANCE - VARIOUS TYPES OF POLICIES

2008-12-12T00:43:00.001+05:30

Today Insurance Sector is getting bigger then yesterday. And tough compete has given more & more options to the customers. Before buying any Life Insurance Policy, You should know that what kinds of Policies are available in Insurance Industry. So that you can buy the best what you actually need. Here is a snapshot of the different types of Life Insurance Policies and their advantages.
Term Insurance:-
Term Insurance give covers to the Policy Holder for a specific period of time. This Insurance pays only when the Policy Holder dies within that specified time. Generally, Term Insurance is the cheapest Life Insurance among other Life Insurance. Thus, it is more Popular. You can renew most of Term Life Insurance Policies for one or more years, weather the condition of your health has changed. Each time you renew the policy; Premiums may rise higher than previous one. Team Insurance is mostly useful to cover any exceptional debt like home loan, mortgage loan etc. Yet not understand? Read this example. Ex. You have taken a Home Loan of Rs.20 lacks. You are the only person in your home, who is earning and paying those installments. No one can say what is going to happen tomorrow. Unfortunately, you died in any accident or any other event, who will pay the remaining installments? If you have Insurance then it will helps financially to your family and they will not lost their Home. Young Couple who is just married, has to run their home from a smaller amount of money, But to have a Life insurance is very necessary, for those Young people the Term Insurance is the best.

Whole Life Insurance:-
The Whole Life Insurance Policy covers you as long as you live but only when you had paid premiums. Normally the amounts of these premiums are same for lifetime. Some whole life insurance policies have facility to pay their premium for a short period such as 15or 20 years. The premiums of these policies are as higher as the period is shorter. Some of these types of policies have an option of Returning the premiums. Its mean that after some years of paying premiums, the Life Insurance Company will pay back the premium to the policy owner and the coverage will also continue.

Money Back Insurance:-
This Policy covers your life as well as other Life Insurance Policies but it also promise to give you some assured cash payment as regular time of period. Money Back Insurance is a one kind of Money Saving plan in which included an advantage of Life Cover and regular cash payback. This Policy is perfect for those, who are planning some require expenses , which are important like child’s further education, wedding, buying home or any assets. This type of Life Insurance Policy is very popular in Middle class Families. In this Policy, you should pay the Premium for a particular period of time. Between this period the policy owner dies, the full assured amount is payable to the nominee.

Endowment Assurance:-
The Endowment policies are the most popular policies in the Insurance Industry. This Policy is a level premium plan in which, there is a saving feature also. At the time of maturity, some of money is pays out to the sum assured. During the term of this policy, the policy holder dies then the Insurance Company pays total amount of policy. In the Insurance Market, there are so many policies offers you to select the term of the policy. But you have to select the term from five years to thirty years. There are also available the non-profitable policies in the market which premiums are low-priced.

Universal Life Insurance:-
Universal Life Insurance Policy is a flexible insurance policy, because it changes as per the market. Only in this policy, you have a choice that in which financial instruments your net premiums are to be invested. These financial instruments are like stock, bonds, equity etc. The money that you had invested as a premium has possible for major growth, such funds are subject to market risk, note that, the loss of principal amount is also included.

Unit Linked Policy:-
This type of Life Insurance Policies is known as ULIP plans. Unit Linked Product is as similar as the traditional Insurance Policies exception that insurance company invests your premium amount in the stock market. Insurance Company allows you to choose in which financial instruments want to invest in. Company gives you some option like mutual funds, equity, basket of securities etc. If you want to spared your investment then there is also an option to invest in mix of all instruments, it is called balances option. The major advantage market linked plans allows the allocation decision to the investors hands. That all in your (invest]or’s) controls to distribute your money among the various financial instruments. It is also in your hands when you want to do it or pull it out. Any of the products declared over except term products could be unit-linked.

LIFE INSURANCE, UNDERSTANDING LIFE INSURANCE

2008-12-10T22:40:00.001+05:30

Life Insurance is a contract in which, a person who had bought the Policy pays some fixed amount to the Insurance Company. In this contract, Insurance Company agrees to pay to that person or his nominee against happening of the event insured.

Life Insurance policy can be the basis of Safe guard and financial stability after one’s death. The purpose of this Policy is to help, his or her dear ones after the policy owner dies.

Today to buy a Life insurance Policy from vast range is very difficult task. Because it is connected with main changes in your life. In our insurance industry is growing more and more. In addition, Life insurance is the most popular and buys policies. Usually people buy this policy when they get married, or paying any installments, or have kids so that unluckily if he died, this insurance cover will help financially to his or her family. Some people buy more than one Life insurance Policies. Normally people look this policy as saving policy. They buy a policy cover for five years or ten years and this period they get their money back, which were pay as premium. Mostly Life Insurance policy buyers are from middle class, they bought these types of policies for their future financial planning. Such as for children’s higher education, children’s marriage, after retirement income ect.

How will you know that I am buying the best and affordable policy? For this, you should know many important things about life insurance. In addition, People, who learn more, generally save lot of money on their Insurance Premium, just by knowing which Insurance Coverage, will be best for them.

In the huge Insurance industry there are many types of Insurance Policies are available. Although they all are good and beneficial abut they will confused you also. Among them, how will you know that this Insurance Coverage is enough to cover your family? Mainly there are Permanent Life Insurance and Term Life Insurance. Permanent Life Insurance has lifelong policies while Term life Insurance has the Policies, which have special length of time. While buying life insurance there are many different types of term and conditions. So, One thing should clear in your mind that you have all the information of these types of policies will help you the best to select the correct one for you and your family.

Term Insurance:-

Term Insurance gives you more coverage at low premium payment. This policy pays only when the policyholder dies. Term insurance policies provide protection for some previously decided terms only. The Duration of these types of policies is starting from one year to thirty years or more. Term insurance is for that People who wants temporary insurance coverage. The premium of this type of insurance is also very low, thus, a normal man who’s earning is small and want Life Insurance Coverage, and this Coverage is best and will be value for money.

Young Couple who is just married, has to run their home from a smaller amount of money, But to have a Life insurance is very necessary, for those Young people the Term Insurance is the best.

Permanent Insurance Policies-

This Policy protects the owner for lifetime. This Policy is costlier than the Term Insurance Policy. When things are getting rough, it will be there to help the owner financially. In this Insurance, there are four types of Insurance Policies.

1. Entire Life Insurance:-

This Life Insurance is the most ordinary option. At the time of buying, the amount of the premium are fixed, it is not changeable in future. The rate of return on cash values and the death benefits are guaranteed.

2. Variable Life Insurance:-

Variable Life Insurance gives you better returns. Insurance Company invests this policies’ premium in Government Bonds, Stocks and guaranteed return accounts. If you want to invest safely then it is good for you.

3. Universal Life Insurance:-

This Life Insurance gives you the facility to pay premium flexibly. The People, who has small business and not fixed income the Universal Life Insurance is right for them. It offers minimum death benefits as long as premiums are enough.

4. Variable universal life insurance:-

Variable Universal Life Insurance has also the ability of adjustable premiums. They can also allow investing their money to the various stages of risks to increase.

The best way to find out what conditions of your policy is to get all the information you can. Ask all the questions should make sure it is the right policy for you and your family. The conditions will detail what the policy will cover in the end. Your family will not suffer should something bad happen.

Now just think that what is your major concern? The First answer that comes in your mind is your Family. Then what will your Family do if something happen to you? But some people laugh as this and say thing that nothing to happen to me so I do not need any kind of Insurance Coverage. Actually, they are wrong. Each of us needs Life Insurance. Today whereever you doing any job, they offer some type of Life Insurance Policy. You must get the right information about Life Insurance. Nowadays Life Insurance’s model is getting more and more popular. Any normal man has a great consciousness regarding this. As per the popularities of Insurance, many multinational companies are joining this field. Between then Life Insurance has a majority deals, where the companies manage it as good as other shape of Insurance.

Life Insurance is giving truly support to the nation’s financial system. Therefore, if you have a doubt to go for a Life insurance Policy or not the reply is clearly yes. Life Insurance Policy helps you a lot; it helps your family financially in case of your death. It is also very useful to avail your income tax concessions and other business benefits.

Types of Auto Insurance

2008-12-03T23:46:00.002+05:30

Yuo should know about the types of auto insurance before buying.

Today Auto insurance is the best way to take care of your costly and luxurious car or any vehicle. Auto insurance works as a safe guard for you and your vehicle. It keeps your money, which you spent on your expensive vehicle. At the present time, Auto insurance industry is expanding more and more. It is good for you but it is also confusingly. This industry gives you many different types of auto insurance coverage. Before buying any auto insurance, it is essential for you to know the basics-key information about all the types and which sets in your bugged. The basic types of auto insurance are given below

Basic types of Auto insurance

Fully Comprehensive Auto Insurance Policy:-
This policy the most accepted policy of auto insurance industry. This policy covers all types of causes like, burned, theft, accident, wear and tear ect. So, It is also the most expensive policy. If there is a serious accident happen on the mid way, your expensive car damaged very badly where you were not at fault while the other driver, who did the accident does not accept; you must not to worry. The Fully Comprehensive Auto Insurance Policy covers all this. If you are looking for a value for money policy, this is the best for you.
To buy the Fully Comprehensive Auto Insurance Policy, register an insurance claim against the insurance company from which you want to buy. While buying this policy, check all that details about the insurance company and the benefits or cover, which it will give. Remember one more important thing that in the auto insurance industry there are a few insurance companies, which will not insure your vehicle 100% of it’s value but of 80% or less. Yet try your best to find out the companies, which provides 100% insure for your valuable automobile.

2. Third Party, Fire and Theft-
The Third Party, Fire and Theft Policy is good for those who had finished their automotive loan. They still insure their vehicle because they cherish and admire their car and emotionally attached with it. This Policy is cheap then the Fully Comprehensive Auto Insurance Policy. Still it is just like as it. It covers the causes like theft, Burn, injury to the third party ect. But in case your vehicle met with an accident and in this there is your fault then the insurance will covers you yet there is third party fault then it will not cover you. It means that when an accident happen because of you then the insurance company gives your compensation while an accident occur because of the third party then insurance company will not come to your economic support. There is one big difference between this two types of policies therefore you can see the prize difference also.

3. Third Party Insurance:-
This Policy is the chipset policy. As like it’s prize, it can’t cover many types of risks. It covers only one type of risk and that is the third party’s injury. The accident occurred by you then also it covers. Third Party Insurance Policy is for that who has a less pricey and old vehicle not for expensive one.

4. Specialized Car Insurance:-
The Specialized Car Insurance policy is for classic cars. 25 years or older cars are included in this category. This policy insures cars as classic and according to their owner’s requirement. The benefit of Specialized Car Insurance policy is as same as the comprehensive one. There is only one disadvantage of this policy is that it will covers your vehicle not by time limit but by number of road miles you can drive. Weather you complete the road miles limit within one year or ten year, it makes no difference to the policy.

This all policies have their own value. Collect all the information about all the companies and study their benefits, rules & prize. While taking decision keep in mind about your requirements budget and ask yourself one question, “If I will not buy this insurance policy, am I putting myself in any serious financial risk from a genuine and common danger? If the answer is yes, then go for it.

AUTO INSURANCE, ALL THAT THINGS THAT YOU HAVE TO KNOW BEFORE BUY AUTO INSURANCE

2008-11-29T20:50:00.003+05:30

Auto Insurance is one kind of safe guard that protects the Auto Insurance policy holder from economical losses happens concerning automobiles. Auto Insurance helps you to protect from economical loss if you have an accident. It is a simple contract between you and the insurance Company which selling Insurance Policies. According to this contract, you (policy buyer) have to pay some of money called premium to the Insurance Company. On behalf of this premium Insurance Company will takes the responsibility of the Economical losses that occurred from an accident.
To have auto Insurance policy is good for you, your family and your business. In the Auto Insurance market there are many types of auto Insurances are available. Those different types of auto Insurance policy have their own benefits. Some policy protects the third person, who had some injury by the policy holder. There are also available that type of Insurance policy, which helps a car or a bus owner by giving expenses for the treatment of injured driver and passengers. While some are for damages that the policy holder cause to someone else’s property. The Amount of Auto Insurance is different by Insurance companies. Sometime same insurance policy, with same protection have different prize. So, before buying any Auto insurance collect all the details of it from most of insurance companies.

Auto Insurance provides mainly three types of coverage to the Policy Holder.
1.Property Coverage
2.Liability Coverage
3.Medical Coverage

The Property Coverage: Property coverage pays your insured car or your any vehicle’s damages that happens from an accident.

Liability Coverage: This coverage pays for legal responsibility to third person. Happening of an accident, if any person injured bodily or his property, then the Insurance Company will pay for it on behalf of the policy owner.

Medical Coverage: This pays for the expenses of treating hurt, rehabilitation and sometimes-lost wages and funeral expenses.

Note down that globally, the laws of forty-seven states require that to purchase liability insurance. It pays for the bodily injury and property damage for that you are responsible. About Fifteen states including New York, New Jersey, Florida, Maryland, Michigan and Massachusetts also require that one have to buy Personal Injury Protection (PIP). This Personal injury protection pays for policyholder’s medical expenses and lost earnings in an auto accident.
Auto insurance industry is very large. There are many types of auto insurance policies to choose. Normally people did not know more about all types of policies and its benefits so they become very confused while buying any auto insurance policy. Before buying any auto insurance thinks about your most likely need, this is the answer to making sure that you are buying a right policy. If your car is damaged then what will you do? You have to arrange other car on rent to start your routing. However, what about this car’s insurance? Don’t worry, the Gap insurance will solve your problem. This insurance pays the expenses of difference between what your insurer pays and which your owe on your lease. In this case, if your car is not completely totaled then this protection will be cancelled. So make sure about all this.
You have to understand how to select better auto insurance. But one important thing is not cleared yet. This thing is the Budget of the insurance. First, you have to examine your state law-rules and your requirements. Then put the different parts of auto insurance policy in single policy. The first and important part of auto insurance is “Liability insurance”. If you buy an auto insurance, which have minimum liability coverage and in an accident, you injure someone. In this situation, the lawyer of the third person can go after your personal property. Therefore, you have to be acquainted with your property and what you can afford to lose in the happening of an accident. Some insurers believe that minimum livability is a gamble. But the truth is that why it is frequently only a little more money for more protection. In fact, when you meet with an accident, there is better for the insurance company to be personally responsible for you. Just think one thing that, in accident you totaled someone’s car then your insurance will covers it? In addition, the second thing is that how much money have you pay from your pocket? The answer of this type of questions will determine which insurance policy or coverage makes you more confident if an accident takes place.

Why do I need insurance?

2008-11-15T23:43:00.001+05:30

Today insurance is a very important issue to everybody. Insurance is a one kind of long financial planning.

For the people in the countries that are under development and in the third world countries Insurance is still odd. Insurance industry provides us many types of insurance. First, one should have to know and understand the types of insurance and then he should take the decision that depends on his need.

Here are some points to tell you that why you need Insurance…

Family income:

Some people buy an insurance policy that based on the family. Their reasons to buy this insurance to provide a shield against family death, any kind of illness and any financially loss, which happen from accident. Let us see this with an example. In a family, there are a couple and their two children. The head of the family (the man) is doing a job to fulfill the financial needs of his family and his wife is homemaker. If the man died in an accident then who will accomplish the finical requirement of his family? Therefore, the insurance helps family to cover the living cost.

Protect Business:

A man, who had a business of transportation or a normal common man, who had a car if a serious accident happen and many dames or injury caused by an accident then who will pay the finical loss? In this critical condition, Insurance will help you.

Education Funds

Today giving higher education to the child is still concern thing to the Parents. In global economy there are continuingly rising the costs. Then a private university’s annual fees is around $20,000. And to pay this big is very difficult. Be confident that your child have the same prospect for his or her better education and bright career whether you live or die.

Retirement Resources

Give a single moment out of your busy life and just think about your retirement. After job, how much money you will have? And then compare it with a life insurance plan, it will give you more. At this time there are no source of income to fulfill your financial needs. To get Pension is good but it is very small part for your financial need. In this critical condition, supplemental income is necessary.

INSURANCE POLICY

2008-10-25T22:55:00.003+05:30

What is an Insurance Policy?

A Insurance Policy (Lie Insurance Policy) is a printed form, which serves between an insurer and insured as the contract.

Insurance Life Policy is a document, which specifies the contract between an insurance company and insurer called Life Insurance Policy.

More about Insurance Policy

The Insurance Company, sell Insurance Policies known as Insurer and Policies buyers known as Insured. Normally, there are two types of Insurance 1 is General Insurance and the other is Life Insurance. An Insurance Policy is a Written Document. It contains the requirements, the insurance schedule, ability factors, benefits, guidelines that are applicable to the policy holder under the plan.

Insurance Policy - Important

Insurance Policy is a very important document. It is a proof of an Insurance that an insured had bought. Among the details of policy, Insured person’s (Policy Buyer’s) detail given by him or her must be true. If any, of these, detail will proved or known wrong, the insurance Company can cancel his or her Insurance Policy.

For example : A Person is buying a Life Insurance. He is suffering from high blood pressure. While buying a Life Insurance, he said that he is healthy and he has no illness. Insurance Company agrees and signed the contract. But after some time or at the time of Compensating an Insurance Company knows that the Life Insurance Policy Holder was failed give true information, then Insurance Company can cancel this Policy.

At the time of Compensating Policy holder, have to saw his Policy. If he lost it, Insurance Company will not give him reward, because it is a proof of an Insurance cover. It is obvious that, if you do not have any Insurance then you will be alone while facing the expenses. The insurer analyzed this type of financial risks and this is the base of the Contract. This all verified by making use of details and all the data and information that you have provided in Policy for the Insurance.

More About Insurance

WHAT IS INSURANCE PREMIUM? KEY INFORMATION ABOUT PREMIUM

2008-10-25T01:04:00.001+05:30

According to an insurance Contract, insurance Company promise to pay money to the policy owner if some specific event happens. In consideration of this promise, policy owner has to pay some fixed amount to the insurance company is called “Premium”.

Insurance premium or life insurance premium is the amount of money, which is paid for a certain level of insurance cover for a particular time period.

Example: monthly premium of $25.
: Yearly premium of $300.

In simple language we can say, Premium is the amount paid to the insurance company for the purchase of an Life Insurance cover or Life Insurance policy.

Amount of the Premium is depending upon the price of Insurance Cover. Policy Holder can pay it in some different mode of time, normally Life Insurance Companies offer monthly, Quarterly, Half yearly and yearly. In rare case it may be a one time payment. An insurance Premium must be paid regularly at the given period of time. There is any default in insurance premium can put the insurance Policy in Danger. If those kinds of event take place, this policy will be count up as lapsed policy. In this situation Insurance Company may not give all the benefits to the Policy Holder, If Policy Holder prevent his Policy than he have to pay Penalty. The Particulars of Penalty are given in the Policy Conditions.

Calculation of insurance premium

Calculation of an Insurance Premium is related with statistic and actuarial principals. This whole process is a complex technical progression. Mostly, well-trained and experienced professionals can calculate the insurance premium. Each insurance plan and each insurance policy has different premium. Each Insurance Company has their own tables for Premium calculation.

The premium cost is not based on necessarily on history or any individual habits, it’s generally based on statistics.

For an Example

Ex.1
A Young man, about 23 years old has a sport car. He is looking for Car Insurance. He can often anticipate a higher insurance premium than the premium of sedan car’s insurance, owned by a 50 year old man. They both are very good driver. In this matter an Insurance Company thinks that a young man in a fast sport car to be more risk for accidents. So that the different between that both Insurance Premiums are noticeable. And normally more expensive car has more cost to be insured. In this example an Insurance Premium is decided upon Risk and the cost of an insured thing.

Ex.2
This same method is used to calculate for medical insurance premium. Generally a smoker is not so healthy than a non-smoker. So a non-smoker can live healthier live. Therefore the Health Insurance Premium of smoker person is higher than the non-smoking person. A man working at a construction site and a man working as computer operator in an office, they both want to buy a Life Insurance. But they both have to pay different amount as Life Insurance Premium because the man, who is working on a construction has more probably to meet with an accident than the Computer operator. If the Policy holder can change the type of his or her working and change habits, the insurance company may be reduce or upgrade in their Insurance Premium.

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2008-10-20T23:06:00.003+05:30

What is insurance?

There are different types of definitions, some of them are below.

“According to law and economics, Insurance is a form of risk management, which mainly used to protect against the risk of a non-essential loss.”

“Basically, Insurance is a protection against an economical loss which can arise on the occurrence of an unfortunate occasion.”

“Insurance provides protection by compensating economic loss that arises from fortuities.”

“Insurance is a ensuring a good result against a possible unnecessary outcome: in company or business and in life, it is a way of managing risk and keeping things on the move.”

“Insurance is an equitable transfer of the risk of a loss, from one to another entity, in exchange for a premium, and can be thought of a surety small loss to avoid a large, probably devastating large loss.”

Everybody knows and understands that an accident will happen, but everyone does not know the time that when it will happen and even if it will happen. In this type of fortuitous events insurance is very helpful to the person, his property and his business.

Insurance is one kind of contract between two parties, one is insurer and the other is insured. Insurer pay fixed amount called premium to the insured on the happening of a certain incident.

Basically insurance is a protection against economical loss arising on the happening of an unpredicted incident. Insurer pays some of money to the insurance company to provide for this protection. In exchange of this premium insurer (a person) can defend himself, his family and his property economically from an unexpected event. And normally for the security of his costly property an owner should ready to pay very small amount.

You can understand easily by this example given below.

One person buys a life insurance Policy for this he has to pay Premium to the insurance company. By this contract the insurance Company promise to the person that in case of any unexpected event like death will happen then a fixed amount will given to his family members.

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Insurance policy

Insurance Premium