Manoj Gehi View On General Insurance &amp Personal Finance.

Home Insurance On Agreed Value. Now you can insure your most valuable Asset, Your Home on Agreed Value Basis. One can insure the asset against Fire, Flood, Earthquake, Burglary, and Damage to electronic items, Portable Equipments (T&C apply), Jewelery, Painting & Curios. The coverage can be taken for up to 3 years, further one can take coverage only for apartment or only for contents or for both. The policy offers options to cover the apartment on indemnity basis & re instatement value basis for further clarifications read the policy terms & conditions.   Once the company pays for the market value, it takes over all the rights over the property through subrogation - a legal claim which entitles the insurer to obtain any recovery on behalf of the claimant. Even if the owners decide to go for redevelopment, the insured can claim redevelopment costs and rentals for an alternate accommodation during the construction period. For a sum insured of R...

Insure against disability too, not merely death Rising number of accidents makes it essential to have a personal accident cover, even if you have term life insurance What PA covers A PA policy covers death, permanent total and partial disability, temporary total and partial disability, broken bones, burns and ambulance costs. In a disability, a certain percentage of the sum assured, depending on the extent. For instance, the compensation will depend on whether there is loss of one limb or both, one eye or two eyes, and so on. There are add-on benefits such as repatriation of mortal remains, bonus for children's education, per-day benefits in case of hospitalisation due to accident, weekly compensation in case of loss of job of the earning member and so on. There are floater plans that can be taken to include the entire family under a single policy, Mathur says. Excluded However, certain varieties of deaths and accidents can be denied under a PA. For instance, de...

HOME INSURANCE There is no place like 'Home,' it's our most valued possession and our heaven on earth. Few things in life matter as much to us, as our home does. We spend a fortune to buy it; After all, it's the heart of our family, our possessions, our priceless investment and our memories. But often our heaven is insecure with various risks and contingencies. Only a few people realize this and have Secured their Most Valued Possession HOME, Ek Mahal Apna !!!! Now more on Home Insurance ………. Who can buy this insurance? Any Owner Occupant of a Flat / Apartment / Independent Building which is less than 30 Years Old and which is not of Kutcha Construction can purchase this insurance policy for his “Building and / or Contents and Jewellery & Valuables, Works of Art, Curios andPaintings”. Further Any Tenant and other Non-Owners of Residential Structure can insure the “Contents and Jewellery & Valuables, Works of Art, Curios and Paintings” in ...

For whom is this policy meant? This policy is meant for professionals to cover liability falling on them as a result of errors and omissions committed by them whilst rendering professional service . Scope of policy The policy covers all sums which the insured professional becomes legally liable to pay as damages to third party in respect of any error and/or omission on his/her part committed whilst rendering professional service. Legal cost and expenses incurred in defense of the case, with the prior consent of the insurance company, are also payable, subject to the overall limit of indemnity selected. Only civil liability claims are covered. Any liability arising out of any criminal act or act committed in violation of any law or ordinance is not covered. Who can take this policy? The policy is meant for professionals. We issue 'Professional Indemnity' policies to the following group of professionals:- 1.    Doctors and medical practitioners - which covers r...

Don't wait to buy health cover | Business Standard News

Health Insurance TPA of India gets Irda nod | Business Standard News

Top-up Schemes Can Help You Enhance Medical Cover

Air   ambulance  services are finding more takers, especially in India’s small towns and cities, where super-speciality care is hard to find THE TRUTH IS, WE NEED MORE  AIR   AMBULANCE  SERVICES. SIMILAR INITIATIVES BY THE GOVERNMENT WOULD HELP REDUCE THE COST OF SUCH SERVICES AND MAKE THEM AVAILABLE TO THE GENERAL PUBLIC AS WELL. RAMAKANTA PANDA, vice-chairman and managing director, Asian Heart Hospital Air   ambulance  services are finding more takers, especially in India’s small towns and cities, where super-speciality care is hard to find. Last Monday, a chartered plane flew from Delhi to Bhopal early in the morning to pick up two passengers. Octavian Nino, 29, a German injured in a road accident in Kerala, is  air -lifted to Bangalore by  Air  Rescuers. With him is his mother, Barbara, and  Air  Rescuers founder Dr Sanjay Sharma, a critical care specialist. But it wasn’t just a plane, and the men weren’t just pass...

HEALTH CARE SUPREME THE LATEST IN THE OFFING IN HEALTH INSURANCE. Highlights:- ·         Sum Insured Options From Rs.5 Lakhs To Rs.50 Lakhs. ·         No Medicals for any sum insured for upto 45 years of Age. ·         No Sub Limits On Room Rent Or Any Other Expenses. ·         Waiting period for Hysterectomy, Cataract - covered after 1 yr ·         Pre Existing Diseases Covered after 24 Months *( refer policy terms & Conditions) ·         Pre Hospitalization Expenses Covered For 60 Days. ·         Post Hospitalization Expenses Covered For 90 Day from date of discharge. ·         Road Ambulance Covered upto limit of Sum Insured. ·         Air Amb...

CHANGE'S IN APOLLO MUNICH EASY HEALTH PLANS. Apollo Munich Brings has bought in changes in Their Easy Health Plans. The Changes are as follows :- The sum insured options have been  increased to Rs. 50 Lakhs from earlier upto Rs. 15 Lakhs. Now One can cover self, spouse, parents/ parents in laws, children under one policy. Pre hospitalization expenses Covered upto 60 Days from earlier 30 Days. Post hospitalization expenses Covered Upto 90 Days from earlier 60 days. Cumulative Bonus 10% every year on the sum insured upto 10 years, earlier was 5 years. subject to no claim Critical Illness can be added as an add on cover across all variants subject to additonal premium. Premiums re configured. for further details kindly go through the policy terms & conditions  OR  REACH US AT planmyinsurance@gmail.com

NEW INDIA ASSURANCE CO LIMITED LAUNCHES..... NEW FAMILY FLOATER MEDICLAIM POLICY HIGHLIGHTS OF THE POLICY: Available for Family , family includes proposer, spouse, children from 3 months to age 25 years, & proposer's parents provided financially dependent on the proposer. Sum Insured options from Rs. 2,00,000 to 8,00,000 coverage : 1% of sum insured towards room rent, & 2% of sum insured towards I C U room charges ( refer policy conditions) Built In New Born Baby Coverage :- A New Born Baby to an insured mother, who has 24 months of Continuous Coverage, is covered for any Illness or Injury from the date of birth till the expiry of the Policy, within the terms of the Policy, without any additional Premium. Any expenses incurred towards post natal care, pre-term or pre-mature care or any such expense incurred for delivery of the New Born Baby would not be covered. Congenital External Anomaly of the New Born Baby is also not covered under the policy...

 A NEW MEDICLAIM POLICY FOR THOSE HAVING GIRL CHILD. HIGHLIGHTS Health Protection for family having Girl Child Only.( It can be taken by those having Girl Child only ) 50% discount on premium of Girl Child. Personal Accident Coverage For Parents. ( In case of Unfortunate Death or Permanent Disablement of Parent due to Accident 100% sum insured payable) Critical Illness Covered , upto 10% of Sum Insured.That would be Additional , 11 Critical illness Covered. ( if critical illness is contracted then 10% benefit of sum insured payable). Policy Available On Floater Sum Insured Basis Only. Sum Insured Amount Ranges From Rs. 200000 To Rs. 800000 Girl child can be covered upto age 25 years provided they are financially dependent as on that age. Kindly Read The Prospectus & Policy Schedule in order to understand the Policy Terms & conditions. Or alternatively reach us at planmyinsurance@gmail.com

  L&T General Insurance has received approval from the  Insurance Regulatory and Development Authority  (  IRDA ) for a top-up health insurance plan of up to Rs 25 lakh, which can be bought by those even without an underlying insurance policy. A top-up  policy  acts as a supplementary cover. For instance, if an individual is covered up to Rs 3 lakh under his company's group insurance plan, he can buy a top-up policy where the claim amount exceeding Rs 3 lakh is paid . Although L&T General's new cover is named 'Super Top-up' plan, it can function as a basic policy with a deductible, if there is no other policy. "Instead of buying a Rs 3 lakh cover, a 30-year-old can choose to keep Rs 3 lakh in a fixed deposit and get an insurance policy which providers cover for claims between Rs 3 lakh to Rs 12 lakh for a premium of Rs 1,870 annually," said Joydeep Roy, CEO, L&T General Insurance. The pricing is such that higher the deductible, the lower ...

The Top Up Plan or The High Deductible Plan What is a top up plan or a high deductible plan? this is a plan / policy which can be taken along with your existing mediclaim policy.  This policy comes into effect after a pre-determined deductible amount.  Now one would ask what does one mean by deductible? in common terms deductible means an amount of sum insured which you would share or pay or have as an existing insurance under the existing insurance plan. Why Take this Plan? Most of us are not adequately insured, so In the times of rising medical costs Extra Care Policy is  the perfect health protection for you and your family. It takes care of the medical treatment costs incurred during hospitalization due to  serious accident or illness. This policy can be taken as add on cover to  your existing hospitalization – medical expenses policy.  Features of this plan This plan can be taken on individual or family floater basis. Eligi...