As at every stages of life, everyone has a set of primary needs that requires sufficient funds to fulfill them. This is where life insurance comes in to the picture- as it offers tailor made products to cover every aspect at different stages of life.
Well in this page we mainly focuses to give you a complete understanding on how it works and what you need to understand to choose the products that suits you the best.
There is no doubt that life insurance is an indispensable part for everyone. Hence its very crucial to have a complete understanding of the value a life insurance policy can bring in to your life and of your beloved ones.
A life insurance policy is actually a contract with an insurance company. A total sum amount is provided, in exchange for premium payments, known as death benefits, to the nominees or beneficiaries upon the death of the insurer.
While choosing life insurance, the advisor will help you to map its needs & goals. This will help you pick out options that suits you the best.
The most affordable form of life insurance, premiums of plan under this category are cheap compared to other life insurance products
The Sum Assured is paid out to the beneficiaries on the completion of the policy tenure.
As the name says, this type of policy covers individual for his/her entire life. This type insurance covers insurance and investment components.
The insurance part covers the nominee in the event of death of the policyholder and the investment component helps the holder to borrow or withdraw against.
One main difference that Endowment Plan offer from term plans is the Maturity Benefits.
This type of plan pays out the sum assured along with profits under both scenarios – death &survival. The profits that are availed in such plans are the result of investments in equalities & debt.
As the name suggests, this plan is linked to the markets.
This type of plan are a variant of traditional endowment plan and pay out a certain sum assured on death or maturity, whichever is earlier.
This type of policy gives out periodic payments over the policy term.
Incase of death of the policy holder, the beneficiaries get the full sum assured and if the holder survives the policy term, he/she gets the balance amount (sum assured).
Due to various habits & changing lifestyle, health related issues have just become increasingly alarming. We may not be to go back to slow down the pace of our lives but can definitely guard ourselves against its side effects. Here’s when an efficient health cover comes in handy so that any sudden illness doesn’t derail our financial freedom.
Medical assistance comes with a price tag, such that people are forced to sell of their assets or rely on borrowers to meet the expenses. Such unforeseen events can be easily dealt with strong health insurance plans. So guard your finances by opting for complete protection for you & your family by getting adequate health cover as per your requirement.
Life is uncertain & immeasurable. Accidents & uneventful incidents never ring a warning bell before they strike. Road mishaps, accidents have gone up tremendously & the victims along with their families suffer the consequences of the such unfortunate situations. Alarming statistics report about 1214 road related death that occur in India every year; this should be an eye opener on the perils an individual is exposed daily.
Read More
Traveling has become an integral part of our modern society. We could be traveling for reasons like a business trip or much awaited vacation. But one cannot deny the fact that there are several things that could go wrong when one travels. Disruptions like cancellation of flights, loss of baggage, medical emergency – are some of the unforeseen events that could catch you off guard. So whether you are off guard. So whether you are off to your favourite destination for a holiday or going on a business trip – an adequate complete travel insurance is a must have.
Read More
Group Mediclaim Policies normally offered by an employer to their Employees and sometimes it covers their family like Employees Spouse & their children. The policy is on the Family Floater basis and the sum insured varies based on Cadre. Hospitalization – Minimum 24 Hrs. hospitalization is required to be eligible for the claim. All the expenses including room rent, Doctor Fee, Medicines, Lab Reports, Anesthetist fees, Surgeon fees, OT Charges will be paid by the Insurance Company. No Sub-limits & No Co-payment on the claim settlement as it is group policy. Pre & Post Hospitalization expenses covered for 30 days & 60days respectively. No waiting period such as 30 days, 1,2 &4 Years for any claim.
Read More
Motor insurance policy is a mandatory for vehicle owners as per Indian Motor vehicle Act 1988. This plan is designed to give coverage for losses which insured might incur in case his vehicle get stolen or damaged. The amount of motor insurance premium is decided based on the Insured Declared value of a car. The premium will increase, if you raise the IDV limit and vice versa.
Read MoreGeneral protection or non-life coverage approaches, including car and mortgage holder’s arrangements, give instalments relying upon the misfortune from a specific money related occasion. General protection is regularly characterized as any protection that isn’t resolved to be disaster protection. It is called property and loss protection in the US and Canada and non-disaster protection in Mainland Europe.
Read More
Crop insurance is purchased by agricultural producers, and subsidized by the federal government, to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to decline in the prices of agricultural commodities.
Read More
Marine insurance is a type of insurance policy provides coverage against any damage /loss caused to cargo vessels, ship, terminals, etc. in which the goods are transported from one point of origin to another. Marine insurance coverage includes loss or damage caused to the shipment /cargo/ship while is grounded, and also from untoward perils like sinking, collision, burning, weather conditions, navigation errors, theft, jettison, improper stowage by the carrier, hook damage, strikes, war and natural perils.
Read More
Travel insurance provides comprehensive coverage against things that are likely to spoil your trip. It covers your medical expenses and other risks so that you can enjoy your trip hassle-free. A travel insurance policy is a popular choice among people travelling on vacations, business trips, or for studies.
Read More
Fire insurance policy is basically a contract between the buyers and the insurer, where the insurer guarantees to pay for the damage or loss caused to the property of the insurer for a particular time period. The policy is initially bought for a period of one year and it can be renewed every year.
Read More
Health Insurance is an insurance that covers the whole or a part of the risk of a person incurring medical expenses spreading the risk over numerous persons. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement.
Read More
Home insurance policy offers protection to the structure and contents of the house in the event of any physical destruction or damage incurred to the house by any unavoidable perils. Home insurance provides coverage to a house and its contents against loss or damage caused by man-made (theft, burglary, strike, riot, terrorism, etc.) and natural calamities (flood, storm, landslides, etc.)
Read More
A motor vehicle includes private cars, Motorised Two-wheelers and commercial vehicles excluding vehicles running on rails.
Read MoreI really appreciate all of your diligent work every year to get us properly insured."
I have no worries regarding my health because they are protected by the Health Insurance from Nileshpvayda.
I am so glad and comfort that my vehicle is insured by Nileshpvayda, they meet all my vehicle requirements.
