General Insurance or nonlife insurance is the insurance that covers all the types of properties and health excluding the life of the customer. General insurance includes products such as Home insurance, Automobile insurance, Property insurance, health insurance, Liability insurance, Marine insurance, and other miscellaneous insurance. All the general insurance policies would be underwritten only by the general insurance companies in India.
What is PolicyBachat and How does it help with my Life Insurance Policy Purchase?
PolicyBachat is an online insurance web aggregator which helps in selecting the best insurance policy for its customers based on the customer’s requirements. We at PolicyBachat provide the customer with a wide range of options to select from. The best life insurance policy can be selected online from our portal. We even provide assistance to our customers in selecting the best life insurance policy based on the requirements of the customer.
Why is Life Insurance considered as a Contract of Assurance?
Life insurance is a contract between the insured customer and the insurance company in which the insurance would pay the survival benefit to the insured in case of survival of insured at the end of the policy period or death benefit to the nominee of the insured in case of expiry of the insured during the policy period. Life insurance is considered as a contract since the insured and insurance company enter into legal agreement and are bound to honor the agreement failing which it can be challenged in the court of law.
What is Group Insurance?
Group Insurance is a type of insurance that covers a group of people. There is a group insurance policy available in the insurance companies for a group of family members or employees of a company or members of a particular profession, commonly against illness or death.
How To Buy Travel Health Insurance?
A journey to a new place can be exciting and full of adventure, but it is important to remember that you might need additional coverage for your trip. Travel health insurance is a great way to ensure that you have the best protection available.
Travel health insurance protects you from medical emergencies and accidents that could happen while on vacation. It covers all the costs associated with medical care, including emergency evacuation and repatriation of remains.
It also includes benefits like coverage for lost luggage or stolen items, as well as liability protection in case you are involved in an accident while on vacation.
What are the Best Insurance Companies in India?
The Best Insurance Companies in India provide good insurance premiums charged by the best insurance companies differs as per the coverage offered by the insurance companies. There are few factors that are to be considered before selecting the best insurance provides claim settlement ratio & Cashless garages, IDV, Riders or Add-ons, Premiums, After Sales service, etc.
What Do you Mean by Marine Insurance?
Marine insurance is a type of insurance that covers losses caused by marine risks such as flood, fire, storm, and shipwreck. It also covers the loss or damage to the goods of the insured which are in transport in return for a nominal premium.
What is Casualty Insurance?
Casualty insurance is the insurance under a health insurance policy where sudden death or demise of a person, suicidal attempts or if the person with a disability due to any accident been covered under this insurance this may be varied with each and every company.
What is Cashless Insurance?
In cashless insurance, the customer need not pay medical bills to the hospital in case of hospitalization. Network or tie-up hospitals are the hospitals with which the insurance companies enter into an agreement to provide cashless treatment service to their customers. There are more than 15,500 network hospitals all over the World. These hospitals are tied up to offer comprehensive cashless services to the health insurance companies.