The principle of insurable interest is one of the essential elements of insurance. It can be defined as the substantial emotional, financial, or pecuniary interest in the subject matter of the insurance contract. It means the party stands to gain… Continue Reading
The future is unpredictable. We all carry a risk of accidents that can cause death or disability. There is more probability of accidental disability. This risk can be covered through personal accident and disability cover. This cover can be bought… Continue Reading
Life is full of surprises. It is said that Death is certain but the timing of death is uncertain. Hence it is important that we use nomination as a mandatory process for all assets created by us. Nomination in insurance… Continue Reading
Manish had an international travel insurance policy. He was travelling to Thailand with his friends having the same travel policies. While travelling, all three of them tested positive for Covid-19. A Thai hospital instructed them to isolate themselves in a… Continue Reading
Road accidents are ugly and expensive too. In a road accident, there are two types of losses- damage to your own car and damage to the third-party property/person. Third-party insurance is mandatory as per the Motor Vehicle Act. However, own… Continue Reading
What is third-party car insurance? Third-party car insurance is a type of motor insurance cover that protects you from third-party liabilities. A third-party insurance policy provides coverage to the vehicle owner for damage to any person other than the policyholder… Continue Reading
When we speak about weddings, we all imagine a Big Fat Indian Wedding. Every bride has big dreams for her wedding. Similarly, every groom’s mother wants to fulfill all her wishes at his son’s wedding. But what if something happens… Continue Reading
We always buy insurance to protect the most valuable and expensive things we own like our home and car. But what about our precious jewellery, to which our memories and emotions are attached? Most of them are left to us… Continue Reading
Did you know that your car insurance company gives you a bonus for not claiming and driving well? Every car insurance company provides a “No claim bonus ( NCB )“ at the time of renewal to its policyholders as a… Continue Reading
International travel insurance is an integral part of planning a foreign trip. We all take foreign travel insurance policies but few really understand it. The purpose of international travel insurance is to cover the financial loss under unavoidable circumstances which… Continue Reading