Tuesday, 28 November 2017

Oriental Mediclaim Insurance Policy: Everything You Need to Know

Oriental Insurance is one of the pathfinders in ensuring smooth conduct of the insurance business in India. The company has continuously been recognised among the pioneering insurance companies due to excellent service and motivated workforce.

Among various insurance products offered by the company, Oriental insurance mediclaim is worth buying. Named as Oriental Individual Mediclaim Policy, it is similar to health insurance plans that provide coverage to the policyholder in case of hospitalisation.

Highlights of Oriental Individual Mediclaim Plan

  • ·         Individual between 18 to 80 years is eligible to buy this mediclaim policy
  • ·         Company offers 10% discount on enrolling for more than two members
  • ·         In case you buy the plan before the age of 45, an additional 5% discount on renewal will be offered.
  • ·         Pre-policy health check-up is applicable only after the policyholders enters the age of 45.


Oriental Individual Mediclaim Insurance: Policy Detail

Entry Age
Number of Members Covered
Sum Insured
Policy Period
Pre-policy Medical Check up
Discount
Children- 91 days
Maximum members- 7
Rs. 50,000 to Rs. 5,00,000
1 year
If the insurance seeker is more than 45 years old.
10% family discount
Adult- from 18 years to maximum 65 years
Maximum adults- 4
Maximum children- 4

Policy Coverage and Benefits

  • ·         Day-care Treatment:  Day-care treatment is offered for the surgical process conducted using local or general that doesn’t require 24 hours of hospitalisation owing to technically advanced healthcare facilities.

  • ·         Pre-hospitalisation: The insurer will reimburse you for the medical expenses used before the policyholder is hospitalised up to 30 days. This is applicable only after the insurance company accepts the claim for in-patient hospitalisation

  • ·         Post-hospitalisation: This facility covers medical expenses immediately after the insured discharged from the hospital. One can avail this benefit only with an approved in-patient hospitalisation claim by the insurer. Medical expenses up to 60 days are covered.

  • ·         Home hospitalisation: The insured can claim for the expenses incurred towards a treatment availed at home, however, insurer applies its terms and conditions accordingly.

  • ·         Emergency Ambulance Cover: Coverage of around Rs. 2000 or 1% of the sum insured is offered towards emergency ambulance expenses under this plan.

  • ·         Dental Treatment: Any dental treatment owing to an accident is covered.


Is There Any Free-look Period?

Yes, the free-look period facility is there. In case, whatever the reason, you decide not to continue with the policy, you can surrender the same and request the insurer for a refund within 15 days from the policy initiation date.

Other Conditions:

  • ·         Treatment for some specific illness like Cataract, Myomectomy for Fibroids, Hysterectomy is covered only after 24 months.

  • ·         The policyholder can claim for ant pre-existing illness only after 48 months from the policy start date.

  • ·         A cooling period of 30 days is applicable on every claim except that arises out of accidental injuries.


Permanent Exclusions

The insurer will not accept any claim under this plan arising from below conditions:

  • ·         Intentional injury like suicide attempt
  • ·         Symptoms of illness occurs within 30 days of the policy tenure
  • ·         Any injury under the influence of alcohol or drug
  • ·         AIDS-related claim
  • ·         Maternity, childbirth, miscarriage, abortion etc.
  • ·         Congenital disease
  • ·         infertility and in vitro fertilization.
  • ·         hospitalization out of war, riot, strike and nuclear weapons



Well, considering the facilities offered by this plan and reviewing the present scenario when healthcare expenses are sky-high, having a mediclaim plan is imperative. However, one has to be careful at the time of purchasing a plan. If talking about oriental medcliam insurance, it doesn’t cover lifelong renewability and no claim bonus.  Also, the insured will have to serve a waiting period of 4 years to along with sub-limits pre-decided on room rent & ICU. But on a brighter side, it covers some decent benefits including family discount that is alluring. We suggest, always compare the plans online and only take the one that meets your requirement.

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Monday, 27 November 2017

Are You Opting for Right Health Insurance? Here’re the Things to Consider

Health insurance is imperative these days, but, does this mean you purchase anything that goes off as health insurance or you club several policies? Certainly not! As per the experts say, one must aspire for a health insurance portfolio with basic health coverage that includes hospitalisation or medical expenses, a top-up policy to complement the existing coverage, a critical illness rider to support you financially in case a severe medical condition is diagnosed that demands immediate treatment or to bear the other expenses when you are no more the bread-winner of the family. 

However, it is advisable to carefully compare health insurance plans on parameters such as the inclusion of critical illness, pre-existing illness or accidental cover before zeroing in on something.
Now, you’re wondering how to do this, right? Start with this:

Decide the Basic Cover
Also known as indemnity policy, it pays for hospitalisation costs including pre and post-hospitalisation expenses. Always try to buy a policy with fewer restrictions, even if the sum insured is small. Insurers pose restrictions on sub-limit, room rents, some specific health conditions, waiting period, co-payment, that may impact adversely at the time of claim. As long as it is affordable, ignore these.

Also, try to avoid add-ons that you actually don’t need. It will help reduce your premium rate. One can avoid consumer-specific add-on like OPD (out-patient department). The benefits offer under this rider are still insufficient as the premium cost is close to the benefit offered. By not adding this you can save something.

Go For Family Floater

Buying separate health insurance plans for each family member doesn’t make sense. We’re sure, you’ll look for a plan that covers you and your entire family, right? Here comes the Family Floater plan in the picture. These plans are cost-effective. It covers entire family under a single plan on the payment of single premium. Whenever a claim is made, the sum insured reduces for the rest of the members. Keeping this in mind, most of the insurers offer to restore benefit-where sum insured can be restored even after a claim is made. This feature makes the plan meaningful and approachable. However, we suggest buying a separate health plan for your elderly parents with pre-existing illness. Because, after the age of 60, the premium costs increases and there are specific health plans designed for senior citizens, that one can avail at a cheaper rate.

Consider a Top-up Policy

Consider adding a top-up policy with your regular health insurance plan. It is a regular indemnity plan that pays for hospitalisation expenses but only after a
You can use a top-up policy to be adequately insured. A top-up is a regular indemnity plan that covers hospitalization costs but only after applying the deductible amount, at the time of claim. So, it is beneficial if you use your regular health insurance plan to make a claim up to the deductible amount and beyond that use your top-up plan to cover the excess amount. This feature makes this plan cheaper, as higher the deductible, cheaper the top-up plan.

Add Critical Illness Cover
Take a moment to think what happen to your family if a critical illness leaves you unable to earn the income anymore? But, if you won a defined benefit policy, you can remain stress-free. A critical illness rider is the best option in such cases that pay lump-sum towards a diagnosis of a critical sickness. While medical rates are sky-rocketing, big concerns are cancer, heart-related illness, liver condition, kidney failure, coma, sclerosis etc. Make sure your critical illness plan provides assistance for these ailments.


We don’t deny that buying health insurance is vital, but what goes parallel is to ensure that there is no surprise at the time you make any claim. Remember, health insurance always comes with a pre-determined waiting period for pre-existing illness. Any claim arises due to these during the waiting period will surely not be accepted by the insurer. Also, at the time of taking up a plan, take the advantage to get a full health check-up done. This has a twofold benefit. Firstly, you will be sure about your health condition and secondly, there will be no confrontation on the pre-existing ailment, if any.

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Thursday, 23 November 2017

General Insurance to Deal Life's Uncertainties

Life is full of exhilaration and risks at the same time. Some unforeseen situations and uncertainties can sometimes put you down. If you want to safeguard your belongings like your car, two wheeler, home, then, buying a general insurance policy is a great option to cover the financial loss. Financial loss arising out of natural calamities, accidents, casualties apart from death, legal actions and thefts, are also covered under various general insurance policies. As per your requirements, try to look for the relevant insurance policy which gives you the necessary cover. To start with you can check out plans from L&T General Insurance Company. Unlike a life insurance policy which is valid for long term, general insurance is based on yearly renewal. The risks which are not covered in life insurance are covered under this.

Type of General Insurance Policies to Cover Other Diverse Assets:

1. Health Insurance - Due to sedentary lifestyle, buying a health insurance has become inevitable for everyone. A mediclaim policy would provide you cover from hospitalization expenses and also expenses churning out diagnostic or screening tests before the medical treatment. Once you have assessed the inclusions and benefits, coverages and premium you can pick the policy which meets the requirement of you and your family.

2. Motor Insurance - There are many benefits of buying motor insurance including risk cover from accidents, unforeseen damages, theft and natural disasters. You get cashless services at company service centers, free assistance on road if your car gets stuck somewhere, towing support and likewise. You can also buy a third party cover for your car or two wheeler insurance, in this case your vehicle will be covered for risks damages caused by the third party or the other vehicle.

3. Travel Insurance - Worried about flight delays, baggage loss, hijack distress, medical emergencies, natural calamities or any other uncertainties? Do not fret, simply buy travel insurance from L&T General Insurance Company to safeguard any travel related risks. There is a travel insurance plan for all – be it for international or domestic travel, travel for family, students or senior citizens. While planning your next vacation, do remember to buy a travel insurance for both leisure or business travel.

4. Home Insurance - It’s easier to secure your home against any man-made or natural catastrophes with a home insurance policy. You find your home to be the most peaceful and serene place, especially after a hectic day at work, home is the place to be! Under situations like fire, theft, flood, strike, riots, burglary and so on. You can checkout insta home insurance, primary home insurance, and premium home insurance and super home insurance.

5. Commercial Insurance - For business related risk cover, businessmen and owners of big enterprise always prefer to stay secure by buying a commercial insurance. It offers insurance cover to different business related requirements for different industries including - aviation, telecom, infrastructure, property, marine, pharmaceuticals, energy and so on. In events of burglary, machinery breakdown, housebreaking, risk arising from contractor’s end, the insurer would bear the financial loss.

There are an array of general insurance products like corporate insurance, crop insurance for farmers, fire insurance, property insurance and likewise. Life is uncertain and so are risks, so it is advisable that you get most if it secured with a general insurance policy. For a hassle free execution and easy claim, you can checkout different policies online which meet your needs. It’s always better to compare quotes from 3-4 insurance service providers and then zero down on one, working best for you.

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Wednesday, 22 November 2017

Which Is The Best Car Insurance Company In India?

Purchasing a car is still a big deal in India. Let alone the time and effort a common man invests in buying the best suitable four-wheeler for his family; a first-time buy is always overwhelming.

Car insurance is a non-optional and tends to be a legal compulsion. But which car insurance do you opt for- third party car insurance or the one that an auto-maker offers?

Why Third Party Car Insurance?

Most of the leading car manufacturers offer an in-house deal for car insurance. But an option is always preferred. Therefore, dealers and auto-makers offer a third party car insurance for the buyers. Having the convenience of choosing insurance gives the customer an upper hand. They can compare the various policies on offer by various banks and finance firms, thereby making an informed decision.

What Is A Third Party Insurance Plan?

A third party car insurance ensures that the best interests of your vehicle are protected at all times. Be it an accidental damage, loss of your vehicle due to natural or man-made causes et al., third party car insurance makes the insurance company liable to recover and pay for the causes. Choosing a proper package that offers the best deals for your vehicle is essential. A third party car insurance ensures that the premium you pay for the plan is within your budget without costing you a leg and an arm.

What Is Not Covered?

However, a third party car insurance company is not liable to pay the insurance holder any damage claims in case of accidents caused due to drivers’ carelessness or theft. Third party car insurance can be purchased online and can be ported to other insurance offering firms as well. A simple call to the insurer can initiate the settlement process. Proceed to the nearest office with the documents and other proofs to incur that final settlement.

Which Is Best Plan?

The internet is flooded with a plethora of options which claim to be the best third-party car insurance firm. But which one do you choose? Which one is the best? Let’s find out.

1)    ICICI Lombard Motor Insurance

Ranked the best by customers all across the country, ICICI Lombard Motor Insurance takes the cake. With a comprehensive and detailed policy curated by the top-notch insurer, it boats of settling close to 72 billion INR in claims alone in the past few years. The plan offers the following features and benefits:

·         Zero depreciation cover.
·         No claim bonus as a part of third party car insurance.
·         Garage cash cover daily allowance for each day the car stays in the garage be it for service or repair
·         Round the clock roadside assistance
·         Cashless services across more than 3500+ network garages.
·         Additional 2.5% discount on cars protected by the Automobile Research Association of India for anti-theft protection.
·         Online purchase and renewal benefits for customers all over the country.

2)    TATA AIG Car Insurance

TATA has been a pioneer in the car industry. It didn’t come as a surprise when they ventured into the insurance business with AIG for insurances as well. With multiple key benefits and features, it is one of the most chosen plans by major premium customers.
·         Protects your vehicle across the country irrespective of plan purchase location.
·         Add-on cover facility to provide extra protection to the vehicle.
·         All wear and tear damages claimed can be availed for three years from the date of insurance purchase.
·         A fixed sum is paid to the customer for hired cars when the vehicle insured has been stolen or is under repair in any of the service stations. Repair time of up to 3 days attracts policy coverage.
·         Emergency coverage in case the vehicle becomes immobile due to unforeseen circumstances. The third party car insurance bears the cost of overnight stay, taxi fares of up to 25000 INR.

3)    Bajaj Allianz Car Insurance

Bajaj Allianz Car Insurance has a liability only motor insurance which is extended to commercial vehicles such as trucks, passenger vehicles (both public and private), and other special vehicles. With the generic features of a third party car insurance plan, customers can pay an additional premium to obtain the below benefits:

·         An extension with respect to the geographical coverage
·         Personal accidental coverage for the drivers and conductors of the operating vehicles.
·         CNG/LPG vehicles can also be covered under a liability only plan.
·         Liabilities cover for legal matters for those who undertake the maintenance and operational activities of the insured vehicle.


A car or a commercial vehicle can be for your private use or even a source of your livelihood. Therefore, it is essential that customers choose a auto insurance plan which offers the best benefits. Third party car insurance can only protect you against optional liabilities. However, a complete packaged offer with the additional features of a third party car 
insurance can set your vehicle up for a long time.

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Tuesday, 21 November 2017

Best Health Insurance Plans For Young Couples

It can be a little complicated when you are trying to decide on a health insurance plan for yourself. With so many health insurance plans available for the young couples, it can get a little daunting to choose one from the many available.

Many health insurance schemes like L&T health insurance offer you many benefits and what best suits you and your partner's requirements needs to be listed down first before you buy a health insurance plan.

The health industry has its own set of jargons, and most of us are not familiar with the terms. These jargons are used in the health insurance plans which is bound to leave you all messed up. There are also plans like L&T health insurance that give you various options to choose from.

You could pay a big premium or choose to pay less and get less coverage. In order to go through and sort between the various plans can be time-consuming. However, there are a few ways by which the task can be made easier.

Insurance Offered By The Employer
If your employer offers you insurance, then it is best that you deal with it instead of buying an L&T health insurance policy in the open market. Your employer’s health insurance scheme will give you access to many plans and also offer you a lot of coverage which you may not be able to get on your own. You can pay for the premium with the pre-tax money. In case you both work then also find out if it is best to go for two separate policies or opt just for one.

Pre-existing Condition
If you have any pre-existing ailment or have some limitation on the coverage, then you will see that your health insurance options are very limited. You can thus buy a health insurance plan using the high-risk pool. These charge a higher premium than the non-high risk insurance plans.

Most of the health insurance companies like L&T health insurance will have a waiting time before you can claim for any pre-existing illness. The waiting period differs from one company to the other. This can range from 2 to 4 years. Always choose those policies that offer a lesser waiting period. Also, most of the health insurance plans will not reimburse for any treatment that was done within 30 days of buying the health insurance.

Coverage
When buying the L&T health insurance check that it gives adequate coverage to you as well to your partner. This should be judged based on the current high cost of healthcare. You should never sacrifice the coverage to save on premium. Even at times when you see the same sum assured you will have different health insurance companies that will offer different premium. Instead of opting for one that gives you the cheapest plan; look for those that give you better features in the health insurance plan. If you pay extra by a little amount, you can enjoy additional benefits.

Cashless Facility
Before you buy a health insurance plan, ensure that it gives you the option of going cashless at the network hospitals. Most of the health insurance plans will give you a reimbursement as well as the cashless facility. It is advisable that you opt for a cashless facility given by L&T health insurance policy because you will not have to make any payment to the hospital from your own pocket.

This also saves you from a lot of paperwork and the hassles to claim your money. First, check the network hospitals in the city where they offer cashless facility and also check if the hospital is located in close proximity to your residence.

Annual Bonus
If you had a year that was claim free then the companies that you have taken your health insurance from offers you a bonus on the sum assured for the next year. Sometimes the cumulative bonus even adds up to 50 percent. Make sure that you buy the health insurance plan that offers such a facility.

Room Rent
Like the L&T health insurance, most of the health insurance companies will place a cap on the hospital room rent that can be availed daily. This is usually set at 1 percent of the sum assured. The figure, however, differs from one company to the other. So where you will spend your time in a hospital will depend on what your sum assured is.

Medical Examination
The health insurance policies will ask most of the individuals over the age of 45 to go for a medical checkup before the insurance companies agree to sell them the policy. If your medical report is not good, then the insurance company may also decline to sell you the policy. The age limit will vary from one health insurance provider to the other.


If you are thus choosing a health insurance policy for yourself as well as for your partner, then it is important to go through the plan offered by various companies to be able to make an informed decision. If you and your spouse are young, then you will get adequate coverage in a lesser premium and thus choose the one that offers better benefits.

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Monday, 20 November 2017

6 Simple Ways to Save a Lot of Money in India

They say- money saved is money earned. We couldn’t agree more. With the increased purchasing power, it has become really difficult for us to manage our finances. Most of us struggle to earn with our monthly income. By 21st day of every month, most of us are running out of cash.
Are you one of those people who have no bank balance and imbalanced finances? Yes?
Take a deep breath.

Smile.
Most importantly, don’t worry.
We all make mistakes during the initial years of our employment. It takes time to learn money management. Start with planning your finances and cultivate wise spending habits so that you won’t end up with spending all of your hard-earned money.
This article will help you to manage your finances and save a lot of money. Let’s get started.
.       
    1. Buy Health Insurance

It is a must to have health insurance plan. You never know when you need medical services since you can’t predict such things in advance. Keeping the surging medical costs in mind, it is an absolute necessity to get medical insurance coverage for you and your family. As compared to the insurance premium, hospital bills are way too much at times.
2        
      Go Prepaid
If you have a postpaid plan, you end up overpaying. It is difficult to track your usage and you have to wait to get your bill in order to track it. You can’t curb your spending as you need to activate a plan to avail the telecom services on your phone. Over-exhausting your data plan can cost as much as thousands in a month.
Switch to a prepaid connection and say bye-bye to postpaid one.
3       
     Shop With A List
How many times you have gone to buy one thing and you came back with so many? Maybe it’s the advertisements or maybe it’s your shopaholic nature that makes you buy more. To control your shopping bills, make a list and buy according to that. It is a good way to curb impulsive buying
4     
           Make Budget
We agree that tracking expenses and budgeting is a totally boring task. The process is boring but the results are fruitful. Once you get used to it, then it won’t be that boring as it will consume little time.
5   
     Tax Benefits
Everybody wants to save money on taxes. The government has introduced a wide range income tax saving ways. Some people find it difficult to understand it and they don’t get to enjoy the tax benefits.
PPF, insurance premiums, 5 years fixed deposit with banks and post offices offers taxes benefits.

6       Go Online
Book For Movies, Travel, Hotels etc. and avail discounts with the help of your credit card, e-wallets, and promo codes. Travel booking websites offer mind-blowing deals that can help you save a lot of money.


We hope these tips are helpful to you and your fianc├ęs are managed well. If you have any money saving tips, we would love to hear it. Drop your tips in the comment section. 

Friday, 17 November 2017

How to Choose a Family Health Plan in 15 Minutes or Less?

Nobody else in this world can take up your parent’s place. They strive hard to bring you up and give you a healthy and prosperous life. But when they cross the age of 60 and above, it becomes your responsibility as their child, to buy a health insurance policy for them.

I’m sure you are wondering:

“Where would I find the best mediclaim policies in India for my elderly parents?”

Well, it isn’t as difficult as it appears! With a lot of websites providing easy comparison of such mediclaim policies, it has become easier than ever to pick the best for your elderly parents.
Amid the growth of critical illnesses succumbing to their age and environmental hazards in the country, Mediclaim in India is no more a choice, it has become a necessity! Especially, if you are a working professional, then getting your parent’s health insured is essential to secure their life in case of any medical emergencies, accidents, unforeseen health circumstances or chronic diseases.

But before you jump guns and start looking out for a mediclaim policy for them; it makes sense to get acquainted to some vital tips that can help you to pick the most beneficial one:

Things to Consider Before Buying Mediclaim in India for your parents:

Age Limit: It’s important to secure your ageing parents’ health for a long run. Look for a policy which offers cover to senior citizens from the age of 60-80 years and an assured renewal above that. Hence, if you want to give them a protected health insurance plan, you can pick the mediclaim policy offering renewal for lifelong or with the maximum age limit.

Critical Illnesses: It can be a devastating time for anyone, if any, of the family members is diagnosed with critical illnesses like cancer, kidney or renal failure, heart ailments or stroke. But to counter the financial turmoil, taking up a critical illness plan, which covers such conditions can be a life savior for your parents.

Former illnesses: No mediclaim in India will cover all the health problems. Ascertain the clauses, inclusions and exclusions along with terms and conditions, to ensure that ‘as much is covered’. Make sure, that the policy includes those ailments which your parents already have and continue to cover in the long run or at least for few years of the policy.

What all should be covered in your mediclaim plan?

Generally you should look out for:
·       
  • List of network hospitals.
  • Inclusions during hospitalization like medication, overall treatment fees,     ambulance, room charges etc.
  • If it covers special treatments like chemotherapy, dialysis, etc.
  • Post discharge medical expenses, though the number of days may vary as per the amount of policy
  •  All the former illnesses which your parents might have should be covered since the beginning. Apart from the diseases for which mediclaim is not provided immediately, but after one year, from the commencement of the health insurance policy

         Do not go for a very economical health insurance plan, as it may not be of no use in future. Look for a policy which gives your elderly parents maximum coverage from the diseases which are on priority in your checklist.

Giving your parents a secured healthcare treatment can be the best expression of love, care and security towards them. Choose the best senior citizen mediclaim which suits your needs and your parent’s health requirements in near future. There is no one fit-to-all policy, but you would need to analyze what is inevitable and what is avoidable. Your parents’ gifted you this life, it’s time you can secure their life and health by buying a suitable mediclaim policy.

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Thursday, 16 November 2017

Here’s Why You Shouldn’t Add Your Elderly Parents to Family Floater Plan

With ever amplifying medical inflation, every family needs an adequate health insurance. Nevertheless, it is the most perplexing thing to decide whether to take individual family health plan or a family floater.

Family floater health insurance is a cover that takes care of all medical contingencies and prolonged hospitalisation costs for the entire family under one single policy. Usually, the insurance companies allowed two adults and two children in a family floater plan, while some have designed their plans in a manner that it covers four adults, which adds your elderly parents as well. However, choosing a single floater plan for the family with your senior citizen parents has its own shortcomings.

However, opting for a single floater plan for family with elderly parents has its own drawbacks. Here’s why, you should opt for separate medical policy for senior citizens to enjoy maximum of health benefits. Here are some reasons why you should buy a separate health plan for your aged parents:
·       
          Only a few insurers offer such plans, making it difficult for the buyers to compare various features and benefits to stop in a good deal.
·        Floater plans have entry age limit, which is 65 years at the maximum case. If your parents cross 65, you cannot add them in the plan.
·       Also, the premium is based on the age of the members. In case of senior citizen, it is by any means is higher, So, including elderly people means paying a considerably higher premium.

·       Health insurance policies require you to serve waiting period of 2 to 4 years to cover pre-existing conditions. In case a senior citizen with severe pre-existing condition requires to claim the policy, the claim wouldn’t be accepted without serving the waiting period.

·       In addition, to avail a plan, your parents will be needed to undergo pre-policy medical health check-ups. Based on the report only, the insurer decides whether the person is eligible or not.
·         No Claim Bonus is awarded if there is no claim made by the policyholder. However, with elderly people, possibility is you need medical assistance and by making a claim you lose out the benefit of NCB.

·      The coverage may not enough for you. A cover of Rs 15 lacks may suffice the requirement of 4 people but may not suitable for 6 people. In case one of the members is unwell and requires to be hospitalised, the other member may not be left with enough cover for future use. Hereby, if you are planning to include your elderly parents in your family floater plan, make sure that you increase the sum insured at the same time.

The way out:
Finding a way out, we suggest you should buy separate health plans that are specially designed for senior citizens, rather including your aged parents in a floater plan. You can buy an individual health plan which cover your spouse and children and a separate plan for your parents. The most alluring part is, you can avail tax benefits for two separate health plans now, up to Rs. 25,000 on premium. According to Section 80D, you can avail tax benefit up to Rs. 30,000, in case your parents are senior citizen.

So, better avoid all the promotional traps. Do your own research, land on a good deal for your elderly parents and save more!

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How I Realised the Importance of Car Insurance: My Experience

How do you respond to a sudden lose if you find your car windshield broken?

Buying a car is one of the most expensive investments that you made for entire life. You invest your hard-earned money, so always want to protect it. Even a single scratch or dent may be a huge concern for you. I am telling this from my personal experience when one fine day I found my car windshield cracked to a worse condition. But, thankfully, my insurance company New India Assurance helped me on the repair expenses incurred. So, I think of explaining my experience throughout the process, how I went about it and get reimbursed for whatever I spent.

Incident:

One Sunday morning, when I took the car keys to drive to bring some groceries, after being seated, I noticed a crack in my car windshield. While inspected closer, I found the windshield was cracked badly. Slices of glasses everywhere on the floor. Scoundrels had damaged my ten-month-old Honda city ZX, the previous night. It is a mess now and not in a condition to use-even though no fault of mine.

It was not a small crack that I could ignore it but required instant attention.

What’s Next?

I came to know from one of my friends that there are specialised windshield experts who provide adequate services in such cases. They take care of broken glasses, repair, replacement or fitting of the new windshield. Thanks to the internet that it took no time to find windshield experts who also take care of car insurance related formalities. This way I also found the service centres nearby to my residence. The person came for inspection, told the crack is major and the glass would need to be replaced.

Thankfully I’ve Comprehensive Insurance

At the time you own a car, you must have car insurance, preferably comprehensive one. Comprehensive car insurance policy covers damages caused to your car, what a regular third-party insurance won’t. Damages due to an accident, vandalism, fire, man-made calamities or natural calamities, all are covered under this policy. Thankfully, under my comprehensive car plan, I was eligible to make a claim for glass replacement, which covered the expenses incurred in reappearing and replacing the glass. All need I had to do was to file a claim.

Cashless Garage- Yes, You’ve Heard Right

Surprised? But, yes! Online general insurance companies have direct dealing with garages where they offer cashless services. It means you can avail services without paying a single penny. My neighbor availed cashless car services recently, where he didn’t pay anything to repair his car. The insurance company directly deal with the garage authority and pay the bill. The best part was it is one of the network garages from where he bought his car insurance and nearby to his home. Now he can access the services with ease.


I hope this incident of mine inspires you and you too realise the worth of a car insurance policy. God forbid, if you ever find your car bumper or windshield broken, you know how to handle it!

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