Inclusions and exclusions of motor insurance

By Policybachat. Posted on September 30, 2014

Learning driving is an amazing feeling and joy can be sensed from the enthusiasm of new learners. However, when you hit roads after learning driving, you have violated rules and regulations of the land. According to Motor Vehicles Act, 1988, driving a vehicle without motor insurance in a public place is an offence. Government of […]

FAQs for Travel Insurance

By Policybachat. Posted on September 30, 2014

“FAQs” or Frequently Asked Questions are starter for beginners to learn know how of new products and services. Basically FAQs are prepared in a user friendly manner and special care is taken in framing these questions and answers from consumer’s perspective. Insurance sector have its own set of FAQs, which are complete jargon for many […]

Purchasing Online Health Insurance – Few important terms

By Policybachat. Posted on September 29, 2014

Time changes and quickly too. Earlier, you use to purchase insurance policies from insurance agents or from the branch offices of the insurance companies. Gradually, insurance companies started retailing through online channel like websites. Gradually concept of web aggregator services evolved which helped end users to compare, analyze and purchase insurance policies online. It would […]

How cashless claim system took over reimbursement system?

By Policybachat. Posted on September 29, 2014

When health insurance concept evolved in India, Public sector insurance units were in favour of reimbursement to insured for expenses incurred on medical facility. After major insurance sector reforms introduced in 2000, many private sector insurance providers trod into market and eventually became big brands. These private sector insurance units though were reluctant towards reimbursement […]

FAQ’s of Car insurance policy

By Policybachat. Posted on September 26, 2014

Car insurance policy is a protection cover for your car against various odds involved with road driving. According to Motor Vehicle Act, 1988, any vehicle that is purchased must have Third Party Motor Insurance policy. Like other insurance, there are some terms or technical features with car insurance which are not known to many insured […]

How to make health insurance claims?

By Policybachat. Posted on September 26, 2014

We have discussed in our earlier blogs that there are two types of health insurance in India. Though cashless health insurance facilities are growing rapidly in Indian market, there is reimbursement health insurance system, which still is prevalent. Biggest difference between both the health insurance types lies in its claim’s system. In cashless facilities customers […]

Leave your worries behind while traveling abroad; Cover your trip with Travel insurance

By Policybachat. Posted on September 22, 2014

Travelling abroad, whether for business or pleasure, should never be associated with hostile events such as medical emergencies, loss of baggage/documents and the like. Unfortunately, though hardly invited, these events do occur. You can, however, keep your travel experience worry-free by investing in a suitable travel Insurance policy. What is Travel Insurance? Travel insurance is […]

Procedure to make car insurance claim

By Policybachat. Posted on September 22, 2014

We all know that car insurance policy is a cover of protection, which safeguards car owner’s financial burden in case of any unfortunate events like accidents resulting in casualty to self or any other fellow rider or properties of both parties including damage to vehicles. Sarcastically, many of car owners are not aware of the […]

Situation of health insurance sector in India – Reasons and scope

By Policybachat. Posted on September 19, 2014

Medical emergencies don’t come with an alarm; consequently, it creates unsolicited liability for well-planned and calculated family budget. These emergencies call for a health insurance or Mediclaim policy. Health insurance proves to be huge consolation for people who go through an unfortunate health issue. Merely 12-13% of population in India is covered with some form […]

Save money by purchasing insurance policy online

By Policybachat. Posted on September 19, 2014

Number of internet users is increasing in India, which is evident from the stats that we have. By the end of 2012, 12.6% of total population was using internet, which was approx. more than 150 million. This figure went up by approx. 60% in two years. By June 2014, India is predicted to touch figure […]