Insurance products and distance marketing options

By Policybachat. Posted on March 21, 2014

In competitive market places there has been one or more marketing techniques getting popular among most businesses around the world.  Basically credit of these techniques lies in it area of coverage.  According to marketing fraternity, they believe in principal of “More prospects, more sales”.  In case of distance marketing, leverage of marketing increases multifold due […]

Importance of insurance eligibility verification

By Policybachat. Posted on March 20, 2014

Risk of not having a health insurance can be highly troublesome, if unfortunately you become victim of any disease and need immediate medical attention. In the absence of health insurance your healthcare provider looks like dacoit, who is ready to loot you from all your savings. Most Indians don’t purchase health insurance due to their […]

Action to take for car insurance before changing your city of residence

By Policybachat. Posted on March 19, 2014

Shifting your bases entirely from one city to another is very difficult.  There is lot of emotional and financial brainstorming indulged with it as well. Reasons for your migration can be anything like transfers in professional career, socio-economic or socio-cultural factors like special liking for certain place etc.  When you move from one place to […]

Importance of claim settlement ratio

By Policybachat. Posted on March 17, 2014

Claim settlement ratio is the indices that help customers understand the competency of insurer in providing claims.  IRDA calculate and publish claim settlement ratio for each insurance provider every year in its annual report, which is accessible to customers through IRDA’s official website.  IRDA have worked out a formula, which is quite easy and can […]

Top insurance plans for senior citizens to watch out for

By Policybachat. Posted on March 14, 2014

Human life goes through various stages and similarly objectives and focus changes with each stage. Among these various stages of life, old age is considered the one with maximum sufferings due to deteriorating health and other financial needs for food, shelter, and other basic requirements of life. Earning capacity almost stands at zero, which means […]

Procedure of reinstating a lapsed insurance policy

By Policybachat. Posted on March 13, 2014

In our busy lives, we often forget many important things.  Though we set reminders on cellphone, calendars etc. still at the time of action, we again forget. Same does happen while we renew various insurance policies.  Insurance policies are meant to provide us financial safety in odd moments of lives, still we sometimes ignore or […]

Ways to manage affordable car insurance

By Policybachat. Posted on March 12, 2014

Maintenance of any vehicle is very important, if you want to relish the optimal comfort of your newly purchased four-wheeler.  Motor Vehicle Act, 1988 authorize car insurance as mandatory component for every vehicle purchased in India.  There are two types of motor insurance in India – Comprehensive and third-party insurance policy.  Out of these two […]