When you're married, both of your property is covered under your homeowners insurance policy, but before you're married, this may not be the case. It is important to discuss this with your homeowners insurance agent to see if you can get your coverage extended for both of you. Also, if you are living in an apartment, you will want to check your renters insurance to make sure you have adequate liability coverage.
Homeowners Insurance
Life Insurance
When you're married, the most important thing to you is your family, and you will want to be sure they are protected in the event of your death. That is why it is important to discuss life insurance with your soon-to-be spouse. If either of you already has a life insurance plan, you will want to review it and possibly change who the beneficiary is and how much coverage you have. In essence, you will want to hope for the best but prepare for the worst-and in doing so, you are ensuring that your spouse and family doesn't lose a stream of income if one of you dies.
Health Insurance Savings learn more about It
Do you want to make savings in your health insurance? I'll give you tips that will ensure you get that without compromising your coverage. If you use them well, you'll get the best health insurance coverage for you at the best price possible.
1) Be Prepared. Know what you want. Ask your doctor what's best for you and why it's best for you. If you don't get this information from an expert you can trust, you'll be easily pushed around by recommended policies from every wannabe expert out there. Once you get this information, you are set. The cheapest policy is too expensive if it leaves you exposed. In the same vein, an oversize coverage (stuff you don't need) is equally expensive.
2) Understand your peculiar needs. Are you a lady who plans to have a baby soon? Do you have a health condition? It's a very wise decision to get coverage that takes care of your needs. That's what health insurance is all about in the first place.
3) Depending on your frequency to the hospital, you can request a higher deductible. The higher you make your deductible the lower your health insurance premium. However, bear in mind that your deductible has to be paid first before your insurance company is obligated by law to do anything. Therefore, make sure you ask for a deductible that you can handle with a level of ease.
4) Make sure you visit at least three health insurance quotes and comparison sites. Visiting this number reduces the odds that you'll pass by a potential great price/value. Please note that I didn't just say the lowest priced. The value you get for the price you pay is really what determines whether you paid too much or not.
Reliance Life Insurance
Reliance Life Insurance offers you products that fulfill your savings and protection needs. Our aim is to emerge as a transnational Life Insurer of global scale and standard.
Reliance Life Insurance is an associate company of Reliance Capital Ltd., a part of Reliance - Anil Dhirubhai Ambani Group. Reliance Capital is one of India’s leading private sector financial services companies, and ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in asset management and mutual funds, stock broking, life and general insurance, proprietary investments, private equity and other activities in financial services.
Reliance - Anil Dhirubhai Ambani Group also has presence in Communications, Energy, Natural Resources, Media, Entertainment, Healthcare and Infrastructure
Learn More About Car Insurance
What is Insurance?
It is an independent insurance service partnered with some of the nations' top insurance service providers. We bring insurance companies together to let you compare multiple rates at the same time, in the same place.
Suitability
1. Insurance of all motor vehicles including commercial vehicles is mandatory under the provisions Motor Vehicles Act, 1988. However, certain special applications of the Act define the limits of usage and requirements of policies.
2. One should possess a valid "Act Policy" to use a commercial vehicle in a public place and should include liability of passengers being carried. However, vehicles plying within the private premises of the insured are exempt from getting Act policies, like in the case of vehicles plying in aerodrome premises and in factory premises.
3. In case the vehicle is purchased under Hire Purchase agreement, the financiers insist upon a Comprehensive Policy to take care of their interest as collateral security.
Salient Features
Insurance companies issue Policy A for "Act Risks"and Policy B for Comprehensive Risks under the Motor Vehicles Insurance.
Policy A ("Act Policy")
1. Policy A covers risks required to be covered under the Motor Vehicles Act. It is mandatory that every car owner be covered against Act Risks under Section 146 of Motor Vehicles Act 1988.
2. The scope of cover is to pay compensation for death of or bodily injuries to third parties and damage to the property of third parties. While the insured is treated as the first party and the Insurance Company second party, all others would be third parties.
3. As per requirements of the Motor Vehicles Act, while compensation for personal injuries to third parties is unlimited, property damage is limited to Rs.6,000 only. This limit can be enhanced on payment of additional premium.
Policy B (comprehensive)
This policy covers all the risks of Policy A(Act) as well as the loss of or damage to insured's vehicle also.
The perils covered are:
1. Damage to vehicle by accidental external means, fire, lightning, explosion, self-ignition, Burglary Housebreaking
2. Riot & strike, malicious acts and terrorist acts
3. Earth quake
4. Flood, inundation, cyclone etc
5. Landslide/ rockslide while in transit by rail, road, air, inland waterways, lift or elevator
Policy B can be restricted to loss or damage due to fire or theft or both fire & theft in combination with policy A or without
1. In case of "Act Policy" + fire or theft, the premium is only 25% of own damage premium + Act Premium
2. In case of Act + Fire & theft, the premium is 40% of own damage premium + Act Premium
3. These extended covers can be obtained without inclusion of "Act" risks, provided the vehicle is not put to use
The geographical limits for use of the vehicle is India but the limits can be extended to Nepal & Bhutan without extra premium and to Bangladesh by charging an extra premium of Rs.50 for comprehensive policy and Rs.10/ for Act policies
Policies can be issued for periods less than one year. In such cases, short period scales are charged, which are higher than pro-rata rates. Long-term policies can be issued for "Act" only risks
No claim Discount: For every claim free year,the insured is rewarded with discounts in premium up to an extent of 35% (Policy B only). In case of adverse claims, premiums are loaded with Malus.
Benefits of Choosing Term Life Insurance
Life insurance can provide financial stability for those that you leave behind should you pass away, but it isn’t always easy to decide exactly what type of life insurance would be best for you and your lifestyle. There are alternatives to the standard whole life insurance that you may be familiar with, however; one of the more popular of these is the term life insurance policy. Term life insurance provides similar levels of coverage to that which is offered by other life insurance types, while providing several unique benefits that you might not find with other insurance.
One of the most obvious benefits offered by term life insurance is that you don’t have to keep paying a bill on the insurance from the time that you take it out until you pass away. The policy is only active for a specific period of time of your choosing, so that you can take out an insurance policy on yourself for only the time that you feel like keeping the policy. These terms can vary in length from a year or less to 30 years or more, and many of terms (especially the smaller ones) have options to renew the policy once the term has reached its end. The majority of insurance agents who offer term life insurance policies will be more than willing to work with you to make sure that the term of your policy meets your specific needs as best it can without you having to take out a significantly longer or shorter term than you actually were wanting.
Another major benefit of term life coverage is the fact that it is generally cheaper than other forms of life insurance. Thought the policy’s premium may vary depending upon a number of factors, in most cases you will still pay less with a term life policy than you would with whole life. The premium rate is usually locked in when you purchase the policy, meaning that you won’t be facing rate increases as you age like you would with other policies; provided you buy a sufficiently long term for your term life policy, you can be paying the same low rate when you are nearing retirement age as you were when you purchased the term life policy years or even decades earlier.
A feature that is rapidly growing in popularity is what’s known as “return of premium” or ROP term life insurance. The premium that you have to pay for ROP term life policies tend to be a bit higher than standard term life insurance would be, but they carry the benefit of refunding you 100% of the amount that you’ve paid in to them with your premiums at the end of the term or return period. During the time that you have the policy, the insurance company invests portions of the money that you pay in with your premium so that they can see a return on that investment. Once the time comes for you to receive your premiums back, they are able to keep the profits that they received from this investment while letting you get back the money that you’ve been paying in during the insured term.
Fire Insurance
Fire Insurance is governed by All India Fire Tariff effective from 31.3.2001 issued by Tariff Advisory Committee, a Statutory Body. It is a commercial policy covering building, offices, machinery, contents and personal belongings of the office. It mitigates the risk of loss of customers arising from fire breakout. The insured should take all possible steps to minimize the loss. Calculation of Fire Insurance Amount/Premium: The market value of the property is considered while insuring the sum. The amount of premium depends on a number of factors and individual policies of different insurers.
Fire Insurance Claim Procedure:
.Individuals/corporates must inform insurer as early as possible , in no case later than 24 hours. .Provide relevant information to the surveyor/claim representative appointed by the insurer. .The surveyor then analyzes the extent/ value of loss or damage.
.The claim process takes anywhere between one to three weeks.
Documents Required for Fire Insurance Claim:
1.True copy of the policy along with schedule.
2.Report of fire brigade.
3.Claim Form
4.Photographs
5.Past claims experience
