Insurance Sector

This type of insurance refers to policies that serve financial help in the event of accidents involving a car or bike. Motor insurance includes three types of categories of motorized vehicles;

• Car Insurance – Individually owned four-wheeler vehicles are covered in this insurance category.
• Two-Wheeler Insurance – Individually owned two-wheeler vehicles, involving bikes and shooters are covered.
• Commercial Vehicle Insurance – Vehicles used commercially, need to avail insurance for the same. Such an insurance category makes sure that your business vehicles stay in the best of shapes, decreasing losses significantly.

With this Motor Insurance, you receive several benefits such as; Prevents Legal Hassle, Meets All Third-Party Liability, Financial Assistance to Repair your Vehicle, and Theft/loss cover.

Health insurance serves financial assistance to policyholders when they are admitted to the hospital for treatment. It also includes a few plans that cover the cost admitted to hospitals for treatment, before hospitalization, or after discharge from the similar. Due to the increasing medical inflation in India, purchasing health insurance has become a necessity.<br><br>

There are various categories under Health Insurance:

• Individual Health Insurance – This healthcare plan serves medical cover to only one policyholder.
• Family Floater Insurance – This allows to avail health insurance for the entire family without buying separate plans for each member.
• Critical Illness Cover – This is one of the specialized health plans that serve extensive financial help while the policyholder is treated with specific, chronic illnesses. Unlike typical health insurance plans, this serves as a lump-sum payment after such a diagnosis.
• Senior Citizen Health Insurance – It specifically caters to people aged 60 years and beyond.
• Group Health Insurance – This kind of plan is typically offered to employees of a company.
• Maternity Health Insurance – It covers both mother and newborn baby and the expense during and after delivery stages.
• Personal Accident Insurance - Covers financial liability from injuries, disability, or death arising due to accidents.
• Preventive Healthcare Plan – Covers the cost of treatment concerned with preventing a severe disease or condition.

It includes benefits like Medical Cover, Cashless claims, and Tax Benefits.

Travel Insurance make sure the financial safety of a traveler during a trip. As compared to other insurance plans this one is a short-term cover. It may offer financial aid at different times, such as during loss of baggage, trip cancellation, and much more.<br><br>

Let’s see what the different plan available are:

• Domestic Travel Insurance – It safeguards your finances during travels within the country.
• International Travel Insurance – If you stepping out of the country, it allows you to cover the unforeseen expenses that can arise during the trip such as medical emergencies, baggage loss, loss of passport, etc.
• Home Holiday Insurance – During holidays your home remains unguarded and unprotected at that time this insurance covers significant, which may lead to significant losses.    

It has benefits of Cover Flight Delay, Baggage Loss/ Delay, Reclaim Lost Travel Documents, and Trip Cancellation Cover.

Property Insurance insured any building or immovable structure either your residence or commercial space and the content inside the property. 

Types of Property Insurance are:

• Home Insurance – It covers all financial liabilities that may arise from damage to your home due to fires, burglaries, storms, earthquakes, explosions, and other events.

• Shop Insurance – If the liability arises due to natural calamities or due to accidents, with these plans, you can immediately ask for repairs to the shop.
• Office Insurance – In the event of unforeseen events, this plan makes sure that the office building and all the equipment inside are significantly protected.
• Building Insurance – It covers the whole building instead particular home.

It has benefits of Protection against Fires, Burglaries, Floods, and Natural Calamities.

Mobile insurance enables you to reclaim money that you spend on repairing your phone in the event of accidental damage. You can also claim at the time phone theft and replace the handset with a new phone.

It covers benefits of: 

1. Comprehensive protection for new devices 
2. Coverage against Damage to Screen 
3. Theft or Robbery of Smartphone

This insurance makes sure that you have access to necessary funds should your bicycle undergo accidental damage or theft. Cycle insurance saves you’re out of pocket expenses and ensure immediate repairs to the vehicle.

Cycle Insurance offers benefits like:

1. Worldwide Coverage
2. Protection against Fires and Riots
3. Accidental Death Benefit