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Components of Motor Insurance

28

Jun, 2013

Components of Motor Insurance

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IDV: IDV means Insured’s Declared Value. It is the current market value of your vehicle. IDV is arrived at by adjusting the current Manufacturer’s Listed Selling Price(*see below) of the vehicle with depreciation percentage listed in the table below: VEHICLE % OF DEPRECIATION Not exceeding 6 months 5% Exceeding 6 months but not exceeding 1 year 15% Exceeding 1 year but not exceeding 2 years 20% Exceeding 2 years but not exceeding 3 years 30% Exceeding 3 years but not exceeding 4 years 40% Exceeding 4 years but not exceeding 5 […]

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6 Reasons Why Travel Insurance is Necessary

12

Jun, 2013

6 Reasons Why Travel Insurance is Necessary

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Travelling abroad is always an exciting experience, but it comes with its own risks. While one can trust in planning and their ability to handle emergencies, foreign countries are very expensive when it comes to most things, especially medical emergencies. Why risk ruining your vacation for something that could be taken care of easily via travel insurance? In this article, we tell you the 6 reasons why an overseas travel insurance is absolutely necessary for anyone travelling abroad and how to buy travel insurance online. 1. Cost of Travelling without […]

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Don’t Let Critical Illness Affect Your Finances

7

Jun, 2013

Don’t Let Critical Illness Affect Your Finances

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According to studies, cancer ranks as the second most deadly chronic ailment, expecting to cause 12,181,000 deaths worldwide by the year 2030 (source: Global Burden of Disease-WHO). However, with appropriate awareness and timely treatment, a lot of these deaths can be prevented. One of the main reasons why cancer may fail to get treated is the exorbitant cost of treatment. In this case, a basic health insurance plan can help relieve this burden only partially by covering hospitalization costs along with pre and post medical expenses. Such a plan may […]

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