National Insurance is all about innovating better ways to generate public awareness in case of catering Insurance policies and normalizing the process. National Insurance has been selling products like-
Being one of the best Insurance companies, serving since 1906 National Insurance has recently joined hands with banks to cater their micro Insurance plans. More over National Insurance has multiple business correspondents who are being made functional in the rural areas to generate development and awareness. National Insurance has increased its basket of micro Insurance policies. These initiatives will boosts up the marketing process for micro agents and business correspondents of banks in the backward areas sufficiently. National Insurance also is about to join hands with common service center – special purpose vehicle (csc-spv) to cater service through their channels. National Insurance has also launched mobile offices to cater Insurance on wheels.
Motor Insurance under National Insurance Most Insurance covers are bought as a formality without any prior inspections. Often the cost of Insurance is a considered as the sole deciding factor. People fail to understand that low cost Motor Insurance will lead to greater expenses in the near future. Moreover as we all know Insurance is subject to market risk thus a thorough inspection is required before you buy car Insurance. The smartest way to buy car Insurance is through an online inspection. Companies like National Insurance have opened up in the online market. Setting an example for other insurers, the National Insurance company works via online portals the customers can get every needed detail about the company online in a jiffy. Many other such facets of car Insurance must be taken under consideration before finalizing a product. Grabbing car Insurance is equally risky as buying a car. The deciding factors are more or less same. A car must satisfy all your requirements and must fit your budget a car Insurance share similar criteria’s. And with the guidance from the reputed companies like National Insurance you can optimize your Insurance purchase and enjoy greater benefits. National auto Insurance policy has two basic products-
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Car insurance is legally mandatory in India. You have to have a car insurance policy to be eligible for driving in India. You also have to get car insurance renewal before expiry because driving cars with an car insurance policy is a punishable offence. Of late, there is an upsurge trend of buying cars and to tap into the increasing demand for car insurance, a plethora of car insurance online providers have made their appearances in India’s general insurance market. If you are planning to buy a new car, you should also select the best car insurance policy to safeguard your car. The huge profusion of car insurance online plans can make you confused. So, here are some easy tips to help you find the most suitable yet cheap car insurance policy in India.
Pick the right coverage of car insurance policy Car insurance online plans available in India come with two types of coverage. The third party liability coverage is legally compulsory so you have to avail it. However, this type of coverage doesn’t offer protection to the insured vehicle of policyholders. The comprehensive coverage of a car insurance policy is optional. However, it is advisable that you opt for it as provides protection to the insured vehicle apart from taking care of third party liabilities. You have to pay a bit more on premium of your car insurance plan, but you can stay financially protected in case your car gets severely damaged or gets stolen. Select car insurance company with vast network of cashless garage You make investment in car insurance policy to get financial assistance in case of any mishap. All car insurance companies in India facilitate policyholders with cashless service in all the garages across India in their network. You should choose a provider with widest network of cashless workshop so that you can avail cashless service facility in your vicinity. Choose car insurance online provider with best claim settlement ratio Even if you find a provider with cashless workshop in your locality you cannot avail cashless service facility if you car insurance claim gets rejected. So, you should settle with the car insurer with best claim settlement ratio. Your chosen car insurance company should also be prompt and quick not only in settling claims but also in resolving grievances of policyholders. Opt for the car insurer with wide range of add-on covers in store Car insurance add-on covers enhance the existing coverage of a car insurance policy. Although, car insurance add-on covers would increase car insurance quotes, you can avail them to have better protection because even the comprehensive car insurance policy doesn’t provide all-inclusive coverage. Some of the most crucial add-on covers include zero depreciation cover, engine protector cover, Return to invoice cover. You need to find the best car insurance policy with all these add-on covers in place. Alternatively, you can also start with a regular car insurance online plan and avail add-on covers after assessing your needs on your car insurance renewal. Before buying, you should always compare car insurance quotes to unearth the best available deal. Car insurance is essentially a contract between car-owners and car insurance companies. In this agreement, you pay a premium on your car insurance plan and the car insurer covers all the damages in return. However, if you fail to pay car insurance premium in time, you would not only have to pay a hefty penalty but your car will also not be covered for theft and damages. If your car insurance policy remains lapsed for more than three months, you will also lose out on the NCB that you have accumulated over the years. Therefore, if your vehicle insurance becomes null and void, you should take evasive action to get the coverage back in force.
Reasons behind lapsed car insurance policy
Consequences of having a lapsed car insurance plan Allowing your car insurance online policy to expire can lead to several different serious implications. The following scenarios are very much on the cards if you are being caught driving without a valid car insurance plan.
What you should do to reactivate your lapsed car insurance policy? When you realize the bitter truth that your car insurance plan is expired and no longer cover the risks that it used to, you need to make the following steps.
Managing a lapsed car insurance plan is not difficult if you follow these steps without a mistake. Car insurance is a legal obligation and you have been carrying your car insurance plan ever since you had started driving your own car. If you have been carrying the same vehicle insurance policy for years, you might look to switch car insurance companies for various reasons. You might not be satisfied with the services provided by the present provider of your vehicle insurance or you might be on the lookout for better deals among available car insurance online policies. Whatever may be the reason for change over, if you follow the right steps you can avail the best car insurance policy from a new provider for your cherished vehicle. Read on to know more about what you should do for a smooth change over of car insurance companies.
Premium is not the sole factor When you decide to change your current car insurer, you should compare car insurance policies. While comparing, you shouldn't just focus on premium. A low-prices car insurance online plan might not provide you with sufficient coverage; on the other hand, a car insurance policy with high premium might come with features irrelevant to your needs. So, you should compare car insurance in terms of coverage, benefit and exclusions as well and not only on the basis of car insurance premium. Ensure adequate coverage When you look for the best car insurance for your vehicle, you should ensure complete protection. You need to keep in mind that even a comprehensive car insurance plan doesn't cover all types of damages. This is why you should consider various car insurance add-on covers such as zero depreciation cover, hydrostatic lock cover and the likes. You might have to pay a bit more on your car insurance premium but you can rest assured that all types of damages are covered. Network of cashless garage All car insurance companies in India have a wide network of cashless workshops across India. You can get your damaged car parts repaired or replaced from these garages without having to pay from your own pocket. Car insurance companies usually settle the bills directly with the garages in their network. When you compare car insurance you should choose the provider with maximum cashless garages in your locality so that you don't have to go miles to avail the cashless service facility. Claim settlement record One of the foremost reasons why car-owners switch car insurance companies is they don't get their desired claim amount or the claim is processed and approved too late to their liking. So, now that you are all set to change the provider of your car insurance online policy, you should ensure that this time around your chosen insurer boasts a high claim settlement ratio and also a quick turn around time to process car insurance claims. Apart from these 4 aspects, you should also go through the customer reviews about different car insurance companies before settling with a provider finally. By following these easy steps, you can surely avail the best car insurance policy after switching. It is that time of the year when everyone seeks a respite from one’s monotonous life. Many people choose to travel in order to unwind and relax and feel rejuvenated in the wake of yet another new year. In India, an increasing number of travelers are now planning overseas trips. However, international trips entail a lot of risks. To cover such risks travelers ought to go for a foreign travel insurance policy. In time of any emergency, travelers can make claims on their international travel insurance policies. However, many overseas travel insurance claims get rejected. This is why you need to follow some easy steps when you buy travel insurance online in order to avoid claim rejection. Be aware of the exclusions More often than not, travel insurance claims are rejected because travelers make claims on certain expenses which are not covered by their foreign travel insurance policies. This usually happens when travelers opt for cheap travel insurance plans with insufficient coverage. Travelers, therefore, need to go through their travel insurance policy wordings carefully to ensure that they make a valid claim on their overseas travel insurance plans. Gain information about latest changes Travel insurance companies keep changing and modifying the terms and conditions pertaining to overseas travel insurance policies. If travelers don’t keep a track of those changes, they end up being disappointed because their travel insurance claims are turned down due to change of rules. So, travelers should keep a tab of all modifications of their travel insurance policy guidelines. Fill the claim form with correct information Many travel insurance claims are not approved because travelers mention wrong information in the claim form. In order to get international travel insurance claim approved, travelers must always provide right set of information. And, when travelers buy travel insurance online they should fill the proposal form with right information. If they hide any crucial information their travel insurance claims are most likely to be denied. For an example, if a traveler has pre-existing disease but he doesn’t reveal this fact by checking the box for pre-existing diseases, any claim made on that particular ailment can be rightfully rejected by the travel insurance provider. Travel insurance companies are entitled to deny any claim on the ground of concealing information. Keep all documents handy This is specifically important when it comes to making a reimbursement claim on travel insurance plans. Travelers need to keep all the documents handy after availing treatment in a foreign city in order to make a successful claim on their foreign travel insurance policy. All the bills of treatments availed and receipt of the healthcare facilities where the treatment is availed form need to be kept in a sorted manner. Travelers need to produce all these documents and the ones asked by their travel insurance providers at the time of a reimbursement claim. If they fail to submit any of the required documents, their claims wouldn’t be approved. If you follow these 4 easy steps, you can easily avoid travel insurance claim rejection. Travel insurance in India is not in great demands. There is no dearth of travel enthusiasts in India but when it comes to buying a travel insurance policy, travelers seem reluctant. This is chiefly because; travelers are under wrong impression about the utilities of travel insurance online plans. They don’t consider overseas travel insurance policies worth investing let alone domestic travel insurance plans. However, this is far from being the truth. An international travel insurance policy is of utmost importance. Here are the top 5 myths why travelers shun travel insurance companies in India.
Health insurance is good enough Travelers who are armed with a health insurance wrongly think that their health coverage is valid in their travel destinations. However, most health policies offer protection only within India. So, to cover medical expenses in foreign countries due to sickness as well as accidents, travelers need to buy travel insurance in India before embarking on a trip. Medical expenses in countries like US, Canada are very high so investing in a travel insurance policy is worthwhile. Apart from health hazards; travel insurance companies provide many other benefits as well. Airlines take care of flight cancellation and delay Many travelers assume that their financial losses due to flight delay and cancellation are taken care of by airlines companies. In reality, these carriers neither compensate for such unexpected situations nor arrange for any alternative flight. A comprehensive travel insurance policy keeps travelers financially protected in these situations. Most travel insurance companies however, come with an upper limit when it comes to providing accommodation and meal expenses. Travel insurance doesn’t cover item losses Some travelers are not aware of the fact that a travel insurance policy covers loss of important documents like flight boarding tickets and passport. So, even if travelers lose these important documents, they can claim the cost of processing a duplicate one. Most travel insurance companies cover such losses on reimbursement basis. Apart from documents, travel insurance online plans also cover loss and delay of checked baggage. Baggage that is delayed for more than 12 hours is eligible for compensation by travel insurance companies. Travel insurance doesn’t cover sports activities Of late, some travel insurance companies have come up with coverage against adventurous sports. Many travelers love to take part in such activities and they don’t know that losses due to participating in such sports are under the coverage of these newly introduced travel insurance online plans. Traveling within India is completely safe Most domestic travelers tend to undermine the importance of domestic travel insurance policy as they think a domestic trip is totally secured. But hazards like train or flight delay, baggage theft, sickness and accident can befall any time. So, it is prudent to avail domestic travel insurance and stay financially protected throughout their tours. Apart from these myths, travelers also think all travel insurance companies offer the same travel insurance in India. However, all plans differ so travelers should compare travel insurance online plans to get the best coverage as per their needs and budget. Most car owners in India buy car insurance online because they have to. A car insurance policy is a legal requirement in India just like a driving license. Car insurance online plans, however, provide car-owners with a wide range of protections. The legally mandated car insurance policy with third party coverage safeguards car-owners from their liabilities to third parties in case their insured vehicle causes third party property damage, accidental physical injuries and even death by paying financial compensation. The comprehensive car insurance policy also shields car-owners economically when their insured vehicle gets stolen or damaged due to natural or man-made disasters. All these reasons trigger the sheer necessity of buying car insurance online. Car-owners not only have to buy car insurance online, but they also have to get their car insurance renewal done before expiry. An expired car insurance policy is equal to not having any car insurance at all. Furthermore, online car insurance renewal cannot be done when a car insurance policy gets expired. So, all car-owners in India not only have to buy car insurance online but also have to get car insurance renewal done on regular basis in order to be legally eligible for driving on Indian roads. While availing car insurance online plans, car-owners should pay heed to the following aspects to ensure an informed purchase. Compare car insurance quotes with coverage on offer There is a plenty of car insurance online plans available in India. Car insurance quotes depend on the coverage provided. So, car-owners should compare car insurance quotes in terms of coverage to trace out the cheap car insurance without compromising on the coverage. Go for higher IDV Car insurance quotes are determined by IDV of the vehicles. Many car-owners make the mistake of choosing lower IDV in order to minimize their premium outgo. However, car-owners should select the right IDV before going through proper car insurance quotes. In case their insured vehicle is damaged beyond repair or is stolen, car insurance companies compensate policyholders by paying out the IDV value of the insured cars. Claim settlement ratio of car insurance companies Companies that offer car insurance online in India differ a lot on the basis of rate of claim settlement. You invest your hard-earned money for getting financial assistance in your moment of need so you should select the provider with highest approval rates when it comes to claims. Apart from claim settlement, your chosen provider of car insurance policy should also have lowest complaint rate. Network of car insurance online providers In case your insured vehicle gets damaged, you have to get it repaired. If you choose a provider of car insurance with wide range of cashless workshops in its network, you can avail the cashless service in your vicinity without having to pay from your own pocket. If you keep these 4 pointers into account when you are comparing car insurance quotes, you can avail the best car insurance policy for your cherished vehicle. Planning a foreign trip can well and truly fill anyone with excitement. We remain busy selecting our favourite holiday destinations, book flight tickets way in advance with the hope for a lucrative discount and sometimes book accommodations too. Amidst all these steps to make an international trip a flawless one; most of us don’t keep untoward events into account. We hardly think of preparing ourselves to face unforeseen circumstances with confidence and consider a financial back-up. If you are planning a trip to overseas countries, the very first unexpected situation that you need to cover is medical exigencies. You may fall sick suddenly during your trip any accident can have you injured and looking for treatment on emergency basis. Hospitalization expenses in foreign countries are very high and if you don’t have your expenses covered, it can cost you a fortune. The best way to stay protected from exorbitant health expenses is to avail travel medical insurance plans. This type of plans is also known as travel health insurance plan. In essence, a travel medical insurance policy is a short-term health policy which is valid all over the world. Differences between a travel health insurance and a regular travel insurance plan
This type of travel insurance online plan covers the cost of emergency medical treatments
In some countries, separate travel medical insurance plans are available and these are cheap travel insurance plans compared to those with comprehensive coverage against all sorts of emergencies. In India, however, travel insurance plans provide coverage against all types of unplanned expenses including medical emergencies due to sudden sickness or accidents. It is always better to go for a comprehensive travel insurance online policy. If your important documents get lost or if your baggage is delayed, a regular travel insurance policy covers the loss of the insured travelers. This type of travel insurance in India also reimburses the financial loss of travelers for booking flight and accommodations in overseas destinations if they are forced to cancel their trips due to unavoidable circumstances. Although a travel medical insurance policy is a cheap travel insurance policy in comparison to an all-inclusive travel insurance policy, but the coverage of a travel health insurance plan might fall short to cover all your unplanned expenses during your international trip. You wouldn’t surely want to burn a whole in your pocket in order to save a bit on the travel insurance premium. Oriental Insurance’s Two Wheeler insurance fixes its insurance amount as per the IDV of the Two Wheeler. However the IDV under Oriental Insurance’s Two Wheeler insurance varies as per the age of the vehicle. Oriental Insurance’s Two Wheeler insurance is equal to the declared value of the vehicle or the IDV. That is the value of the Two Wheeler the customer wants two insure. Oriental Insurance’s Two Wheeler insurance for a Two Wheeler which is lesser those five years is based on the price listed by the manufacturer including the depreciations with time. Under Oriental Insurance’s Two Wheeler insurance the insurance for bike which are more then five years old or have become obsolete will have an insurance value as decided by the mutual decision between the company and the customer. So this hints towards the fact that the bet option is to grab an Oriental Insurance’s Two Wheeler insurance along with buying a Two Wheeler. This will definitely let you save a lot and moreover this will let to keep your bike secured for a longer period of time from the very first day you buy it. The coverage period of an Oriental Insurance’s Two Wheeler insurance is usually one year however you can opt for Oriental bike insurance for lesser period of time. However like ever insurance providers there are certain issues not covered by Oriental Insurance’s Two Wheeler insurance. Let’s check out the listed exclusions which Oriental bike insurance will not cover under any circumstances-
Why multi-trip travel insurance in India is the best travel insurance for frequent travelers12/11/2017 Although, most people in India go abroad for holidaying once or twice in a year, there are some people who trot the globe all round the year. Travel insurance India is a must for all travelers but for this type of frequent flyers, the best travel insurance is the multi-trip travel insurance in India. Why do you need travel insurance? Medical expenses in most countries in Europe and US and Canada are way higher than that of India. Common people without online travel insurance plans have to burn a whole in their pockets to meet such exorbitant healthcare costs. Apart from medical costs, overseas travel insurance India policies also cover the loss due to flight and baggage loss and delay and loss of important documents. What is multi trip travel insurance? Multi-trip travel insurance India plans are the best travel insurance options for corporate travelers and businessperson who roam around the world all year long for business deals, seminars and meetings. One of the foremost reasons why multi-trip travel insurance policies are the best travel insurance in India because it remains valid for a specific period of time and provides the same coverage for all trips during that period of time. For an example, if you buy this type of travel insurance India policies, you can stay covered for three or more trips abroad. Multi-trip travel insurance plans are the best travel insurance policies also because for each trip the coverage is valid for 31 consecutive days. You can even extend this duration by paying additional premium on your travel insurance in India. Depending on the provider of travel insurance in India, best travel insurance for multiple trips cover specific geographical locations like Europe or Asia or even worldwide. When should you buy travel insurance for multiple trips? You can avail an online travel insurance policy that covers multiple trips at anytime and from anywhere. Ideally, you should buy travel insurance just prior to embarking on an international trip so that you can stay covered for the entire period of your stay in foreign countries. What do multi trip travel insurance India plans cover?
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