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Everyone needs insurance and its good to know the importance of insurance in our lives. The importance of insurance has been explained in detail.
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Travel Insurance By taking out travel insurance you are essentially covering yourself against travel risks such as lost or stolen luggage, cancellation cover (should you not be able to travel due to unexpected medical reasons) and most importantly, unexpected medical costs abroad. What does a travel insurance policy cover? • A comprehensive travel insurance policy will provide: • Emergency medical cover • Losses incurred due to unforeseen cancellation or having to cut your trip short • Death and disability cover • Personal liability cover • Luggage cover
Two-Wheeler Insurance • Two-Wheeler insurance provides protection against theft, physical damage to the vehicle in the event of natural or man-made calamities and third-party liability. • It rids the vehicle owner of a lot of worries and monetary stress. However, selecting the right type of insurance cover is as critical as deciding upon which two-wheeler to buy. • Unfortunately, the majority of the buyers are not fully aware of the nitty-gritty of the insurance plans in India. • In most cases, the insurance premium becomes the deciding factor for choosing the insurance plan and this may restrict the amount of protection that one is eligible for in the event of a mishap, leading to unsatisfactory claims.
Health Insurance • Buying a health insurance policy for yourself and your family is important because medical care is expensive, especially in the private sector. • Hospitalisation can burn a hole in your pocket and derail your finances. It will become even tough, if the person who brings in the money, is now in a hospital bed. • All this can be avoided by just paying a small annual premium which would lessen your stress in case of medical emergencies. • A good health insurance policy would usually cover expenses made towards doctor consultation fees, costs towards medical tests, ambulance charges, hospitalization costs and even post-hospitalization recovery costs to a certain extent.
Car Insurance • Lots of different insurance coverage is available on car insurance. • What is the most important car insurance coverage available? It is really a loaded question. • The most important car insurance coverage is the one you need at the time of loss. • But, you never know what coverage that might be since it can change per accident. • You have to consider when determining what coverage is important to you and what coverage can be discarded.
Conclusion • Insurance is extremely important as you have seen in the previous slides. • While choosing your preferred insurance, take a little time out to browse through the insurance company’s claim settlement ratio history • It is also important to check if the claim process is simple and convenient • There are many great Insurance providers like Bharti AXA who provide quick and efficient service to their customers
