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Types of Health Insurance Frauds in India
Medical Insurance Fraud in India
By Finserv MARKETS - Aug 13,2020 Views Icon 3 views
(1 page reviews)

Health insurance policies have long been renowned as the best investment that people can make in order to avoid paying huge fees at the time of medical emergencies.  Medical services

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4 Safest Cars in India
4 Safest Cars in India for 2020
By Finserv MARKETS - Jul 30,2020 Views Icon 108 views
(2 page reviews)

Safety is one of the top concerns that people look for when buying a new car, especially when the vehicle will be used by their loved ones more often. Previously

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Owning a car is a huge responsibility. You have to factor in fuel expenses, maintenance costs, and insurance coverage. When it comes to car insurance in India, choosing the right policy at an affordable rate is essential. In this section, we will be discussing how one can get a car insurance plan at cheaper rates in India. How Can I Get Cheaper Car Insurance? Here are a few tips that will help you get an affordable car insurance deal in India - 1. Do not go for the first plan you come across When you are looking for car insurance plans, do not sign the deal for the first policy that you come across in the market. Do your research well. You can compare different car insurance plans online. Consider factors such as premiums charged, coverage of the policy, exclusions, claim settlement ratio, etc. Based on the comparison results, you will be able to choose a car insurance plan that best suits your needs. 2. Consider voluntary deductions A voluntary deduction is nothing but the amount that you (the policyholder) agreed to pay from your pocket in case of any unfortunate event. If you have not opted for voluntary deductions, then you shall receive a full claim settlement amount in case of a mishap. When you choose voluntary deductions, you will be liable to pay that amount while the insurer pays the balance claim amount. On the other hand, the higher your voluntary deduction amount is, the lower your car insurance premiums will be. 3. Install anti-theft devices Car insurance premiums are high for people who live in theft-prone areas. Since the chances of your vehicle getting stolen are high, the insurer takes you as a risky applicant and determines your premiums accordingly. To minimise the risk imposed due to your area of residency, you can install anti-theft devices to keep your car safe. Once the insurer verifies that your car is secure and has essential safety features such as airbags, they reduce the car insurance premiums. 4. Do not claim for minor damages Once the car is insured, people are quite tempted to make claims for every minor damage incurred by the vehicle. What most people forget is that for every claim-free year, the insurer rewards you with the No Claim Bonus (NCB). You earn a minimum of 20% NCB on the first claim-free year, which can go up to a maximum of 50% for five consecutive claim-free years. The earned NCB can be used to avail discounts on the premiums of your car insurance plan during renewal. So, when you claim for minor damages on your car insurance plan, you lose the earned bonus. 5. Do not let your policy lapse You must renew your car insurance plan on time. Not only is it illegal to drive a car with a lapsed car insurance plan, but you will also lose out on the No Claim Bonus that you have accumulated so far. Hence, put a reminder on your planner to renew your car insurance policy before the expiry date. Now that you know how you can reduce the car insurance premium, we will take you through the factors that affect the premium rates in India. Factors Influencing Car Insurance Premiums The factors that affect your car insurance premium rates are as follows - ● When applying for a car insurance plan, the insurer will consider your driving history and previous claim records. If your history involves accidents and traffic violations, it affects your car insurance premiums. ● The maintenance and repair of a brand new vehicle are expensive. Also, it is better to opt for comprehensive car insurance as it covers for own damage and third-party liabilities. You can enhance the scope of the policy with add-on covers. While all these are the safest option to keep your car protected during unforeseen events, it factors in when determining the premium amount. ● The type and features of your car also influence the premium amount. The premiums for luxury and sports cars are high compared to other vehicles. ● The area of your residency also affects car insurance premiums. The insurer will take into consideration your weather conditions, crime rates, and the severity of the claims in your area when determining the premium amount. Conclusion When looking for extensive car insurance coverage, affordability is not the only factor to be taken into consideration. It is important to have a policy that protects your vehicle financially, in times of need. Hence, having a comprehensive car insurance plan will cover the damage repair expenses in case of mishaps and take care of the third-party liabilities as well. If you are looking for comprehensive coverage, consider buying Car Insurance at Finserv MARKETS online. You can benefit from features such as hassle-free renewals, cashless claim settlements, bespoke car insurance plans to suit your demands, 24x7 assistance, and more. In fact, you can buy/renew the policy through the Finserv MARKETS App as well. So, don’t wait. Get a comprehensive car insurance plan with us today.
How To Get Cheap Car Insurance
By Finserv MARKETS - Jul 29,2020 Views Icon 63 views
(1 page reviews)

Owning a car is a huge responsibility. You have to factor in fuel expenses, maintenance costs, and insurance coverage. When it comes to car insurance in India, choosing the right

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Best Budget Cars Under 6 Lakhs
Best Budget Cars under 6 Lakhs in India
By Finserv MARKETS - Jul 28,2020 Views Icon 57 views
(1 page reviews)

Owning a car is a luxury. You get the chance to cruise around the town and take long-distance trips whenever possible. In fact, many people in India plan to

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Types of Cars in India 2020
Types of Cars in India
By Finserv MARKETS - Jul 28,2020 Views Icon 36 views 1
(1 page reviews)

The automobile industry in India has evolved gradually over the last decade. Majority of the car manufacturers across the world are keen to invest in the Indian market. This is

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Top Ten Luxury Cars
Top 10 Luxury Cars
By Finserv MARKETS - Jul 23,2020 Views Icon 81 views 1
(1 page reviews)

Luxury Cars are not just every car owner’s dream for their expensive price tags but also for their over-the-top features, high-performance engines, smooth rides & extremely

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Difference between petrol and diesel car
Diesel vs Petrol Car: Impact on Car Insurance
By Finserv MARKETS - Jul 23,2020 Views Icon 56 views 1
(1 page reviews)

When it comes to picking an option for a long drive, it is needless to say that people prefer a car! Fast, comfortable and weather-friendly, a car is an

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Long Term Motor Insurance
IRDAI Withdraws Long -Term Vehicle Insurance
By Finserv MARKETS - Jul 23,2020 Views Icon 40 views 1
(1 page reviews)

Long Term Motor Insurance Pulled Backed by IRDAI Introduced in September 2018, with a choice to either have both, third-party and own damage insurance covers for a span of

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Cyclone Insurance Claim
How to Claim for Damages due to Cyclone?
By Finserv MARKETS - Jul 23,2020 Views Icon 50 views
(1 page reviews)

Life’s uncertainties are undeniable. You never what may come your way, especially when it’s a natural calamity. And, with severe damages caused to your home and property, a

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What are the different types of term insurance?
Types of Term Insurance Plans
By Finserv MARKETS - Jul 4,2020 Views Icon 256 views 1
(5 page reviews)

Term insurance is one of the most affordable insurance plans available in India. Generally, term insurance is a financial protection plan that is designed specifically to safeguard your loved ones

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I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

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The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!