Why and how you can return your policy?

By Policybachat. Posted on February 25, 2014

In last few years, there has been a big surge in insurance industry.  Major reasons behind this may be accredited to intensive aggressive marketing strategies of insurance providers, increasing literacy about benefits of insurance among people, inclusion of more private sector venders in the market etc. When these many companies operate in various kinds of […]

Health insurance FAQs for Cancer patients

By Policybachat. Posted on February 24, 2014

Cancer is one of the most dreading diseases of present times in India.  It accounted for approx. 7 lakh deaths in 2012.  Mortality rate in cancer affected patient is very high.  Apart from this, cost of treatment for a cancer patient is quite high in India, where bulk of the share is spent on diagnostics […]

KYC norms for insurance policyholders

By Policybachat. Posted on February 21, 2014

KYC or “Know Your Customer” norms were enforced by Government of India, in order to verify address, identity and photograph of the individual using various services like gas, banks etc.  In insurance sector, importance of KYC norms increases during times of insurance claims, as in recent past, many fraudulent insurance claims cases have surfaced in […]

Exclusions of personal accident insurance policy

By Policybachat. Posted on February 20, 2014

“Man is mortal” and to prove this saying there are various uncertain and unprecedented events or accidents that cause lose to human life and its wellbeing.  You may meet such incidents almost wherever you go, be it your office, home or road you are driving on etc. Untimely death of the earning member of any […]

Is purchasing insurance products from private insurers risky?

By Policybachat. Posted on February 14, 2014

Globalization is a colossal concept of modern business practices, which entered in to Indian market as well.  In Indian insurance sector it happened in 2000, when Government of India liberalized insurance regulations and allowed private insurance companies to join Indian market.  Almost every private sector insurer fared well and acquired good share of insurance sector […]

Combining various policies to travel insurance for overall protection

By Policybachat. Posted on February 13, 2014

Some people keep flying oversees for professional commitments and stay there for months without interruption.  Therefore, it is very important, that they must have a travel insurance plan in place to cover their entire overseas trips.  Basically, annual travel insurance plan is recommended for frequent flyers, as they need to travel often and purchasing single […]

Add-ons for car insurance plans

By Policybachat. Posted on February 12, 2014

Basic principal of any insurance is the solicitation between two parties, i.e. insured and the insurer.  So, if you are purchasing a car insurance policy to meet the financial obligations arising out of damages a car could raise due to uncertainty and accidents involved with driving, it becomes your duty and responsibility to check your […]