We all like to plan our lives to be prepared to deal with the unforeseen things that might end up impacting us adversely. Insurance is one such financial instrument that helps us in doing so. Simply put, an Insurance is a legally binding contract where an insured pays a premium to the insurer and in return, in case of an eventuality receives monetary compensation. It can broadly be categorized into, General Insurance and Life Insurance. 

What are the different types of General Insurance and Life Insurance?

The different types of General & Life Insurance available on Finserv Markets are:


No matter what reasons you travel for – leisure, business, adventure or even higher education, Finserv Markets has Bajaj Allianz General Insurance policies that suit your needs. Our platform is home to Bajaj Allianz Travel Insurance policies for individual, family and student alike. The policies offer extensive coverage with unique coverages like those for home burglary so that your home is insured while you are away.


A medical emergency, or even the constantly rising medical bills, can jeopardize your financial stability. A health insurance policy not only covers you from the acute financial loss incurred in treating ailments but also ensures you and your family gets access to quality healthcare. Finserv Markets brings you tailor-made health insurance plans from Bajaj General Insurance, that offer an extensive sum insured cover, and cashless claim facility across 6000+ network hospitals.


For a country where most vehicles operating on the road are two-wheelers, it only makes sense that two-wheeler insurance is mandatory by the Indian Law. A Bajaj Allianz Two Wheeler Insurance Policy available on Finserv Markets offers you a financial cover against risks like theft, natural calamities, accidents, and more. A Bajaj General Insurance policy is a great option for your two-wheeler as it offers instant renewal without a vehicle inspection. Not just this, it also offers 24x7 roadside assistance and a lot of other features. 


In India, each year an average of five lakh road accidents take place and hence, it has become necessary for every car owner to have a good car insurance policy in place. At Finserv Markets, you can buy Bajaj General Insurance policies for your car with benefits like cashless servicing at a network of 4000+ garages and a lot more. Our unique Motor OTS wallet gives you instant claim settlement of up to Rs. 20,000, at just the click of a picture.


A ULIP is a great investment tool for those looking to reap the most out of their investments while saving on taxes. The life insurance policy that forms part of a ULIP is a lucrative offering for any investor. Whether your goal is saving for your child, or to build a retirement corpus, or to earn big returns, Finserv Markets has a plan for you in the form of Bajaj Allianz Life Insurance ULIPs. 

Reasons to buy an Insurance policy

  • An Unexpected Illness

    Even if you’re in good health, you can’t predict when an illness might strike. Given the exponentially rising costs of healthcare in India, paying out of your own pocket for medical expenses could even leave one broke. It is hence advisable to invest in a good health insurance plan.

  • Natural/Man-made Disasters

    Nature can turn its wrath upon us anytime and the same can be said for human beings, as they are unpredictable too. In case any disaster occurs the cost of rebuilding a home, or buying a new car, or the cost of replacing other lost belongings could really be back-breaking. A Bajaj Allianz General Insurance policy coverage can help deal with the financial burden of a lot of these things.

  • Accidents

    Just like illness, one can’t predict when and to what degree an accident might strike. It can often have a crippling effect on your finances and therefore it makes sense to buy an insurance to mitigate the financial risks involved.

  • Loss of a Loved One

    No matter how much we do not want to think of death, it is a harsh reality that everyone must face. It is a wise decision to hence have a Bajaj Allianz Life Insurance policy in place so that your loved ones don’t get buried under financial burden when you are gone.

Why choose Finserv Markets for Insurance

Swift Claim Settlement

With no third-party involvement, Finserv Markets boasts a very high claim settlement rate and many-a-times, your claims get settled within an hour!

Extensive Coverage

Get coverage across a wide network of 10,000+ hospitals globally and 4000 + garages across India.

Fast Online Process

Buying an insurance policy online at Finserv Markets is a hassle-free process, with no tedious paperwork or heavy documentation involved.

Key things to consider while buying Insurance

  • Identify your needs
  • Know your insurance provider
  • Claim Settlement Ratio
  • Understand your policy

It is important to understand your own requirement and as to why you need an insurance. The standard thumb rule for having a life insurance policy is that the cover should be 10 times your annual income. Whereas a travel insurance depends on the place and time of your travel. It is hence important to understand what you really need, why and much cover will suffice?

Doing a background check/proper research on the different insurance companies in India is always a good idea. Nowadays, their websites have comprehensive disclosures that provide all the necessary information. Some of the things you could look for are; policy structure, the scope of the network, customer service capabilities, etc. You can also compare various policies and their premiums online to get a better perspective.

Claim Settlement Ratio (CSR) is a very important factor to consider before buying insurance. It is an indication of the number of claims an insurance company has settled against the total number of claims received. Higher the CSR, better the efficiency. You should look for an insurance provider with a high CSR.

The final step to complete before buying an insurance policy is to understand the features of your policy. You should get a good grasp of your policy term, maturity date, various charges associated, premium-paying term and the benefit structure of your policy.

Claim Process for Insurance

Filing claims was never so simple. Just follow these steps and you’re done!

  • 1

    Register your claim online

  • 2

    Upload documents online

  • 3

    Claim Assessment

  • 4

    Claim Decision

Manage all your queries here

  • What is insurance?

    We face uncertainties in every aspect of our life, some of which even lead to financial losses. Insurance is a financial protection one gets to be able to deal with eventualities of various kinds. It is a contract wherein an insurance company provides monetary compensation to an insured, in case of eventualities, for a premium he pays. With Bajaj Life Insurance and Bajaj General Insurance policies available on Finserv Markets, you can always be better prepared for life's ugly surprises.

  • What is General Insurance?

    A general insurance policy is also known as a non-life insurance policy and offers financial coverage against risks to property (like fire, burglary, etc.), vehicles, gadgets, human health and liability cover for legal liabilities too.

  • What is Life Insurance?

    A life insurance is a legal contract between an insurer and insured wherein upon the death of the insured, the insurer guarantees payment of a death benefit to his nominees/beneficiaries. Bajaj Life Insurance policies available on Finserv Markets offer great coverage for affordable premiums. The Bajaj Life Insurance policies are trusted by over 100 million customers across India.

  • What kind of Insurance policies are available with Finserv Markets?

    Both Bajaj Allianz General Insurance policies and Bajaj Allianz Life Insurance policies are available on Finserv Markets. The process of buying these policies is super easy and extremely convenient.

  • On what basis are insurance claims paid?

    The claims being paid depends on the nature of the policy, whether it is indemnity or cashless. In indemnity policies, the degree of financial loss is validated by the insurer by means of inspection and verification of documents and bills submitted. Upon being convinced that the claims are not unfairly sought, the insurer processes the payment of the claim amount. Whereas in a cashless policy the insurance company has tie-ups with the network hospitals, or garages. The company liaises with the hospitals/garages and directly makes the payment for the insured’s treatment/vehicle repair costs as per the terms of the policy. Policies from Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance boast of a very high claim settlement ratio.

  • Who regulates General Insurance/Life Insurance in India?

    The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory agency that regulates and promotes the insurance & re-insurance industries in India. All insurance & re-insurance companies in India are regulated by this autonomous body.

  • Why should a person get Insured?

    A person should get insured to be able to deal with the financial implications of unforeseen events that often disrupt a person’s life. In most cases, the expenses incurred after an accident, the death of a loved one, or a disability are beyond the savings or wealth that a person may have accumulated and hence a person must buy Insurance. Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance policies available on Finsev Markets are tailor-made to suit your insurance needs.