While you cannot ensure a risk-free life for yourself and your loved ones, you can always buy an Insurance Policy to be well-prepared for any unforeseen emergency. The right cover will protect you against a financial setback and offer much-needed help in an emergency. Ensure it meets your requirements and covers the basic kinds of risks.
Every individual’s needs vary. Therefore, you need to select General Insurance that covers you and your family in different situations. It offers protection against financial loss caused to your assets, including your car, home, property, and others, due to fire, burglary, theft, or accidental damage. Here are the categories:
Health Insurance
Health Insurance Plans care for your family’s health without financial distress. You can claim the cost of medical care until the maturity period by paying a nominal premium every year. Choose from a range of Health, Critical Illness, and Accident Insurance in India. Claim tax rebates against the premium paid for them.
Travel Insurance
If you love travelling, then Travel Policies are the best. It covers unforeseen expenses due to baggage or passport loss, medical emergencies, trip cancellations, accidents, etc. You can recover the costs even while touring abroad by filing a claim.
Motor Insurance
These offer a cost-effective plan for all vehicles against theft, accidental damage, and more. You can buy a Third-Party or Comprehensive coverage for your car or two-wheeler. Similarly, you can cover commercial vehicles as well.
Home Insurance
This policy safeguards against financial losses from damage caused to your house due to natural calamities, fire, accidental damage, and burglary. There are different types covering the structure of your home and its belongings. Tenants, as well as homeowners, can buy Home Insurance.
Loan Insurance
Loan Insurance Policy offers comprehensive coverage while helping you repay your Loan borrowed during a medical emergency, leading to death or unemployment. The plan helps meet the primary cause affecting Loan repayment. It covers critical illnesses, personal accidents, and job loss for business people, employees, and retired persons.
How to buy them?
Nowadays, all insurers display their offerings online. You can easily buy the policy and simple steps without too much paperwork. Visit the official website and click on ‘buy’ under the Health tab. Fill and submit the form with the required details. Check the premium amount, select the plan, and make payment. After approval, the company sends the policy document to your registered email address.
You should pay the premium and renew the policy on time. A valid policy keeps you protected and covered against all emergencies.
Conclusion
There are many Insurance providers in India. Compare their plans, inclusions, premiums, and claim processes before buying. Check the reviews and get an idea of their services. Ensure they are reachable during emergencies and registered under IRDAI.
