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What is General Insurance? General Insurance in English

What is General Insurance? General Insurance in English

What is General Insurance? General Insurance in English

It is amazing what you would do if you were in a position to destroy everything in a natural disaster. Can you return to the same state financially without Insurance? Certainly, the risk of these things happening to you seems to be very low. But if it does, then it will have a huge impact on your finances, your lifestyle and potentially your future. 

What is General Insurance? General Insurance in English
What is General Insurance? General Insurance in English

Life is full of risks. This is what makes it interesting and exciting. But in some life, some events happen that the money of your life goes in the same pot. General Insurance or non-life Insurance basically protects you from loss or damage that life Insurance does not cover. 

What is General Insurance? General Insurance in English
What is General Insurance? General Insurance in English

What is General Insurance. General Insurance in English 

General Insurance means that, at the time of loss or loss, you do not need help from anyone to pay your full costs. Which can get you in financial trouble. Taking Insurance means that you are not facing these unexpected risks alone. When is General Insurance taken?  General Insurance in Hindi.

General Insurance helps us protect our homes, our cars and our valuables, such as risk, financial, theft from floods, hurricanes and earthquakes, from car accidents, travel, big and small, financial implications of risk, accidents - and even at the cost of legal action against us. And we can choose the types of risks we want to cover by choosing the right type of policy with the features we want. 

Generally, Insurance works by spreading the cost of unexpected risks among large numbers of people in the same area who share the same risk. 

When you take an Insurance policy, you pay monthly or annual premiums. That money joins the premiums of thousands of other policyholders and goes to a large pool of money. 

How Premiums Work With any luck, you will never need to draw on that pool. But if you happen to be one of the unfortunate people affected by an unexpected disaster, perhaps through severe weather or an accident, the pool of money can be used to help you to the extent chosen in your policy if things go wrong. 

If this happens, your insurer can repair or replace lost or damaged items depending on the terms of your policy. You may also have the option of obtaining a cash settlement for the agreed amount in your policy. Provides payments based on the loss of a particular financial event.

What is General Insurance? General Insurance in English
What is General Insurance? General Insurance in English

General Insurance is generally defined as any Insurance that is not determined to be life Insurance. It is called property and casualty Insurance in the United States and Canada and non-life Insurance in Continental Europe. General Insurance can be classified into the following: (General Insurance can be categorized into the following).

  1. Motor Insurance: Motor Insurance can be divided into two groups, two and four wheel vehicle Insurance.
  2. Health Insurance: Common types of health Insurance include: individual health Insurance, family floater health Insurance, comprehensive health Insurance and critical illness Insurance.
  3. Travel Insurance: Travel Insurance can be broadly grouped into: Individual Travel Policy, Family Travel Policy, Student Travel Insurance, and Senior Citizen Health Insurance.
  4. Home Insurance: Home Insurance protects the home and its contents. Marine Insurance: Marine cargo Insurance covers goods, cargo, cargo, and other interests against loss or damage during rail, road, sea and / or air transit.
  5. Commercial Insurance: Includes solutions for all sectors of the industry resulting from commercial Insurance business operations.
What is General Insurance? General Insurance in English
What is General Insurance? General Insurance in English
Friends, I tried to tell you in full detail about What is General Insurance? General Insurance in English, if you liked it, you can also share it with your friends, and if you have any questions, you can ask in the comment is.

What is life insurance? All About life insurance in English

What is life insurance? All About life insurance in English
What is life insurance? All About life insurance in English

What is life Insurance? All About life Insurance in English

Life Insurance / life Insurance Insurance is a contract between the policy holder and the insurer or assuranceor, where the insurer promises to pay a sum of money (benefits) to the named beneficiary in lieu of the premium, upon the death of the insured (often the policyholder). 
Depending on the contract, other events such as terminal illness or critical illness may also start paying. 
The policyholder usually pays the premium, either regularly or as a lump sum. Other expenses, such as funeral expenses, may also be included in benefits. 
Life policies are legal contracts and contract terms describe the boundaries of insured events. Payments can be stopped by citing various reasons to limit the liability of the insurer; Common examples are claims related to suicide, fraud, war, rioting, and civil inducement.
What is life insurance? All About life insurance in English
What is life insurance? All About life insurance in English

Life-based contracts fall into two major categories: (Life-based contracts come in two major categories)

Protection Policies - Designed to provide benefits, typically lump sum payments, in the event of a specified event. A common form - more common in the last years of a security policy design, is the term Insurance
Investment Policies - The main objective of these policies is to facilitate the development of capital by regular or single premium. Common forms (in the U.S.) are Whole Life, Universal Life, and Variable Life Policies.
What is life insurance? All About life insurance in English
What is life insurance? All About life insurance in English

Life Insurance / life Insurance payments

The person responsible for paying for the policy is the policy owner, while the insured is the person who has been insured and will be paid that sum after his death. The owner and the insured may or may not be the same person. 
For example, if someone buys a policy on their life, it is both the owner and the insured. But if he takes an Insurance policy for his wife or children, then he will be the Insurance owner and his wife / child for whom he has taken this policy is considered an insured person. 
The policy owner is the guarantor and will be the person to pay for the policy. The insured is a participant in the contract.
What is life insurance? All About life insurance in English

Who gets the benefit of life Insurance Beneficiaries of life Insurance.

The beneficiary receives the policy income on the death of the insured. The owner designates the beneficiary, but is not a party to the beneficiary policy. The owner can change the beneficiary until the policy has an irrevocable beneficiary designation. 
If a policy has an irrevocable beneficiary, a beneficiary change, policy assignment or borrowing of cash value will require the original beneficiary's agreement. The policy may apply special exclusions in these situations, such as the suicide clause, whereby the policy becomes null and void if the insured commits suicide within a specified time. 
Can be the basis.  The face amount of the policy is the initial amount that the policy will pay on the death of the insured or on completion of the term of the policy, although the actual death benefit may provide more or less than the face amount. The policy matures when the insured either dies or reaches a specified age (such as 100 years old).

Death of insured.

On the death of the insured, the insurer needs an acceptable proof of death before paying the claim. If the insured's death is doubtful and the policy amount is large, the insurer may examine the circumstances surrounding the death before deciding whether there is an obligation to pay the claim. 
The payment from the policy can be in the form of a lump sum or an annuity, which is paid in regular installments for a specified period or for the lifetime of the beneficiary. 
Although some aspects of the application process (such as underwriting and insurable interest provisions) make it difficult, life Insurance policies have been used to facilitate exploitation and fraud. 
In the case of life Insurance, a possible purpose is to buy a life Insurance policy, especially if the face value is sufficient, and then murder the insured. Generally, the larger the claim, and the more serious the incident, the larger and more intense the ensuing investigation, involving police and insurer investigators.

The following types of life Insurance are :- 

1.Term Plan – pure risk cover 
2.Unit linked Insurance plan (ULIP) – Insurance + Investment opportunity 
3.Endowment Plan – Insurance + Savings 
4.Money Back – Periodic returns with Insurance cover 
5.Whole Life Insurance – Life coverage to the life assured for whole life 
6.Child’s Plan – For fulfilling your child’s life goals like education, marriage, etc. 
7.Retirement Plan - Plan your retirement and retire gracefully.

Friends, I tried to tell you in full detail about What is life Insurance? All About life Insurance in English, if you liked it, you can also share it with your friends, and if you have any questions, you can ask in the comment is.

Buying Two-Wheeler Insurance? Bike insurance / Two-Wheeler Insurance

Buying Two-Wheeler Insurance? Bike Insurance / Two-Wheeler Insurance


Buying Two-Wheeler Insurance? Bike insurance / Two-Wheeler Insurance
Buying Two-Wheeler Insurance? Bike insurance / Two-Wheeler Insurance

In India, according to the Motor Vehicles Act, 1988, it is mandatory to have motor Insurance. This means that buying bike Insurance is not an option but a compulsion. Bike Insurance is a type of motor Insurance offered under the general Insurance category. 
It protects you and your vehicle in case of any road accident. In simple words, it provides you with financial coverage in case of accidents, theft, third party liabilities and more. The proposed financial coverage depends on the coverage as per the selected policy.

Buying Two-Wheeler Insurance? Bike insurance / Two-Wheeler Insurance
Buying Two-Wheeler Insurance? Bike insurance / Two-Wheeler Insurance

Kinds of Bike Insurance in India / type of bike Insurance in India

In India, many different Insurance policies are available to cater to the needs and requirements of different Insurance buyers. 

Each person has different Insurance needs. Keeping this in mind, Insurance companies offer bike Insurance policies to meet the demands of diverse customers.

Bike owners can choose a two-wheeler Insurance plan that fits their budget and adequately covers them for future risks. In India, Insurance companies mainly offer two types of bike Insurance policies which are as follows.

Third-Party Insurance or Liability-Only Insurance

As per the Motor Vehicles Act, 1988, every vehicle owner must purchase an Insurance plan for vehicles plying on public roads. In case of an accident, third party liability Insurance protects the policy holder from the legal liabilities of a third party. 

In simple words, if an accident results in a loss to the life or property of a third party, the Insurance company will cater to the third party (on behalf of the policyholder). However, third party bike Insurance does not cover the damage caused to the policyholder's bike. 

True to its name, third party liability only provides Insurance protection for damage or injuries to a third party by the policyholder's bike. This is the reason why third party bike Insurance is offered by many Insurance companies in India at a low premium rate. 

You can buy this type of bike Insurance for a period of one year and opt for renewal on yearly basis. It is flexible, easy to buy and easy on the pocket.

Who can buy Third-Party Bike Insurance?

A third party bike Insurance plan can be purchased for both personal (personal,) and commercial (business related) two-wheelers. If you are running a delivery business, the bikes used to run the business must be insured under third party liability Insurance for commercial vehicles. 
No Team  Is - can be purchased by a third party bike Insurance either bike owner or lessee for commercial bike (Anyone who wants to buy a bike lease).

How Third-Party Bike Insurance Premium Calculated?

The premium for the third party liability scheme is designed on the basis of the engine's CC (cubic capacity). The premium rate for third party liability scheme is prepared by IRDA.

Things to Keep in Mind. While Buying Third-Party Bike Insurance.

Each Insurance plan comes with its own set of inclusions and exclusions which are clearly stated in the policy copy. It is important that you completely run your eyes through the fine print of the policy document before purchasing any type of Insurance policy. These inclusions and exclusions of cover make a big difference to your security as well as premium rates.

Comprehensive Bike Insurance Policy / comprehensive bike Insurance Plan

True to its name, a comprehensive bike Insurance policy provides comprehensive Insurance coverage in case of a road accident. 
It provides a third party liability bike Insurance coverage to meet the legal obligations of the e-policyholder towards the third-party, in the event of an accident leading to injury, death, or property damage. 
A comprehensive bike Insurance policy provides Insurance coverage to the policyholder in case of various unfortunate events such as natural calamities, man-made disasters, accidents, damage due to theft, etc.

Benefits of Buying Comprehensive Bike Insurance Policy / Benefits of buying Comprehensive Bike Insurance Policy

A comprehensive bike Insurance policy provides much needed financial coverage in case of third party liability arising due to accident, accident, man-made hazards, natural hazards and damage caused by theft. 
Additionally, it  provides protection to the policyholder as well as co-riders through personal accident Insurance cover . 
However, coverage is offered under an additional cover. To avail advanced coverage, you have to pay a little extra premium. The proposed benefits would be worth it as it would also be a co-rider.

Why Buy Comprehensive Insurance Bike Insurance?

It is advisable to opt for comprehensive bike Insurance, as it provides enhanced coverage against various unforeseen circumstances which may be a financial burden in the future. In simple terms, comprehensive bike Insurance is an inclusive plan. While the premium is higher than the third party liability plan, so is the coverage. 
Many bike owners often ignore the benefits of comprehensive bike Insurance and are reluctant to pay higher premiums. They think it better to buy third party Insurance cover as it meets their legal liability. But this is not true. If you are already paying the minimum premium for a third party liability cover, then why not opt ​​for a comprehensive cover, just by adding a little to the cost? That small premium gives you many advantages and benefits that are necessary to protect you financially. 
Remember, casualties are not reported before they happen, so it is better to be safe than sorry. If you have a comprehensive bike Insurance cover, you will not have to spend it alone in the future. If you have enough money to buy a comprehensive bike Insurance plan, it is recommended to choose. By doing this, you will be able to ride your bike peacefully. 
Additionally, it provides personal accident Insurance coverage to the policyholder.

What's Personal Accident Cover? / What is Personal Accident Cover? 

Many Insurance companies in India also provide personal accident cover coverage to the policyholder. This is an additional benefit that can be availed by the policyholder. Under personal accident coverage, in case of an accident, the policyholder is entitled to receive medical coverage and monetary assistance. It also includes total or partial disability in case of accidents. 
Note :- This is an additional benefit and is not provided by all Insurance companies. In addition, the cost is covered to a certain extent.

How is Comprehensive Bike Insurance Premium calculated?

The Insurance company calculates Insurance premiums based on various factors such as the driving skills of the owner, the age of the bike, a model of the bike, and most importantly the risks associated with the policyholder.

Bike Insurance Add-on Covers / bike Insurance add-ons

Comprehensive bike Insurance cover provides coverage against the unfortunate circumstance which may incur heavy expenses. As mentioned earlier, a comprehensive Insurance policy comes with basic Insurance coverage. 
Therefore, if you feel that you need enhanced protection, you can opt for additional coverage. Many Insurance companies offer add-ons under a bike Insurance policy to meet the Insurance requirements of Insurance companies. 
If you want to avail the add-on cover then you have to pay extra. Listed below are some add-on covers that are very popular when it comes to bike Insurance.

1.Personal Accident Cover for the  Back Seat :- 
Personal Accident Insurance for the rear seat provides coverage to the policyholder in case of damage caused by an accident or any other condition covered under the Insurance scheme. 
The add-on cover provides protection in case of partial / permanent disability or the death of a back seat rider. The sum insured depends on the type of injury suffered by him during the accident.

2.In case of an accident, the rider as well as the rear seat rider may be injured. A number of bike Insurance policies do not provide back seat rider injuries under basic coverage. You will have to buy additional Insurance coverage to protect the rear seat. It is recommended to buy an add-on cover for back seat protection.

3.Around the Clock Roadside Assistance : Under this add-on cover, the policyholder can move around the roadside assistance in case of breakdown of the bike or mechanical failure. You can take advantage of features such as the purchase of add-ons, you break up because of support by the technical team at the time of free towing, urgency insured bike, venue, minor repairs bike repairs etc is.

4.Accessories Cover : Add-on accessories cover provides coverage to all electrical or non-electrical items of the bike. This means that in case of any loss of covered goods; The Insurance company will cover the expense by either replacing or repairing the goods.

Add-on covers provided by different companies vary according to company policy and conditions. Also, the rate of premium for obtaining bike Insurance add-on cover is different from Insurance company to Insurance company. Therefore, before you decide to buy any type of bike Insurance with or without add-ons, it is recommended to search the Insurance market.

In short The Insurance market is huge, with Insurance providers offering bike Insurance at competitive prices. Although market discovery can be a time-consuming process, it will help you to get the best bike Insurance policy with all the benefits required at an affordable premium rate. 
You can also read online company reviews to understand which company offers better benefits. Before buying a bike Insurance policy consider the goodwill and reputation of the Insurance company.

Friends, I tried to tell you in full detail about Buying Two-Wheeler Insurance? Bike Insurance / Two-Wheeler Insurance, if you liked it, you can also share it with your friends, and if you have any questions, you can ask in the comment is.

Postal Life Insurance (PLI) Plan Information In English. Postal life insurance Plan Full information

Postal Life Insurance (PLI) Plan Information In English. Postal life Insurance Plan Full information



Postal Life Insurance (PLI) Plan Information In English. Postal life insurance Plan Full information
Postal Life Insurance (PLI) Plan Information In English. Postal life insurance Plan Full information

Postal Life Insurance is the oldest life Insurance service in our country. Which was started in 1884, when our country was dominated by the English government. 
Victoria, the then queen of the time, gave approval to Postal Life Insurance on 1 February 1884. In the initial days, the maximum sum insured was Rs 4000, but at present time this amount has increased to Rs 50 Lakhs.

Postal Life Insurance (PLI) Plan Information In English. Postal life insurance Plan Full information

Postal Life Insurance is a very convenient and low premium Insurance policy. The main objective of starting it was to provide more and more benefits to the people so that they can live their life in the present, leaving their future concerns. 
This policy is provided by the Government of India, in which life Insurance is provided to the employees at a very large level.

1.Low premium 
2.More bonus 
3.Income tax exemption 
4.100% Payment Guarantee 
5.Facility for premium deposit / payment at nearest post office 
6.Passbook facility 
7.Lone Subidha

Advance deposit is also available. Currently, the Indian Postal Department's network is spread all over the country. 
In villages and cities, you will get a post office where the bank may not be found but the post office will definitely be available. Postal life Insurance is a very good and convenient scheme, which you must take if you can take advantage of it.

Postal Life Insurance (PLI) Plan Information In English. Postal life insurance Plan Full information

Employees of the following organizations are eligible.(Employees of the following Organizations are eligible.)

1.central government  
2.Defense services  
3.Paramilitary forces  
4.State government  
5.local body  
6.Government aided educational institute  
7.Reserve Bank of India  
8.public area  
9.Undertaking Financial Institutions  
10.Nationalized bank  
11.Autonomous body  
12.Additional Departmental Agent in Postal Department  13.Employees attached / appointed by Central / State Government on contract basis where contract is expandable
14.Employees of all scheduled commercial banks  
15.Employees of Credit Co-operative Societies and other co-operative societies registered with the Government under the Cooperative Societies Act and partially or wholly funded by the Central / State Government / RBI / SBI / Nationalized Bank / NABARD and other such institutions notified by the Government An educational institution recognized by the staff recognized bodies of visiting universities like National Assessment and Accreditation Council, All India Council for Technical Education, Medical Council of India etc.

Friends, I tried to tell you in full detail about Postal Life Insurance (PLI) Plan Information In English. Postal life Insurance Plan Full information, if you liked it, you can also share it with your friends, and if you have any questions, you can ask in the comment is.

What is insurance? Complete Information In English

What is insurance? Complete Information In English

What is Insurance? Complete Information In English

What is Insurance And how many types are there. Insurance info in hindi If you want to know this. What is Insurance and what is it? And what is the benefit of all. And if you want to insure yourself, your family, house, and car etc. So this post is going to be very useful for you. After the whole post, you will be able to know what is Insurance and why should it be done? 

What is Insurance? What is Insurance in Hindi 

If you understand in easy language, Insurance means - an arrangement in which any one Insurance company guarantees compensation to you in any kind of loss, illness, accident or death, then Insurance helps in every situation. : After the incident, it is very important for everyone. Who knows what has happened in this crowded life today. In such a situation, if you have insured your valuable things then it works like a backup help for you. how? We will tell you about it further.

Types and advantages of Insurance. Type of Insurance with benefit in English 

Different types of Insurance have different advantages. Below are some important types of Insurance and benefits.

1. Life Insurance 

In the case of a life Insurance scheme or Life Insurance, after depositing a fixed price, the death of the person making the policy is paid to the nominee of that person as per the terms and conditions of the policy. People make this policy as a support money especially for their family as there is no confidence in life, so most people adopt this policy so that after their death their family gets some help in money. In easy language -  the subject matter of Insurance here is human life. The insurer shall pay a fixed amount of Insurance at the time of death or at the end of the fixed term. Currently, life Insurance is the highest. Because life is the most important asset of a person. Everyone needs Insurance. This Insurance provides protection against premature death to the family or a substantial amount in old age when the work capacity is low. 

Under personal Insurance, payment is made in an accident. Insurance is not only a security but is a type of investment as a certain sum is returned to the insured at the end of the death or term.


2. General Insurance 

General Insurance includes property Insurance, liability Insurance, and other forms of Insurance. Fire and marine Insurance is strictly called property Insurance. Motor, theft, loyalty and machine Insurance to some extent include liability Insurance. A strict form of liability Insurance is loyalty Insurance, whereby the insurer compensated the insured for the loss when it is subject to liability to be paid to third parties. 

3. Property Insurance 

Under the property the insured property of the person / s is insured against a certain specified risk. Risks can cause damage to property in a fire or maritime hazard, property theft or accident. 

4. Marine Insurance 

Marine Insurance provides protection against loss of marine hazards. Maritime hazards are collisions with a rock, or ship, captured by enemies, fire, and pirates, etc. These hazards do not cause the ship, cargo and cargo to move and disappear. So, marine Insurance ship (hull), cargo, and freight  Earlier only some minor risks were insured but now the scope of marine Insurance was divided into two parts; Ocean Marine Insurance and Inland Marine Insurance. The former insures only maritime crises, while the latter covers insured hazards and may extend to the receipt of cargo by the buyer (the importer).  

What is insurance? Complete Information In English

5. Fire Insurance 

Fire Insurance includes fire hazard. In the absence of fire Insurance, fire waste will increase not only to the individual but also to the society. With the help of fire Insurance, the loss arising due to fire is compensated and the society is not losing much. The person is given priority over such loss and his property or business or industry will remain in almost the same condition in which it was before the loss. Fire Insurance does not only protect the losses, but it also provides some consequential losses, under this Insurance also Insurance of war risks, upheavals, riots etc. can be done. 

What is insurance? Complete Information In English

6. Social Insurance 

Social Insurance is to provide protection to the weaker sections of the society who are unable to pay the premium for adequate Insurance. Pension schemes, disability benefits, unemployment benefits, sickness Insurance, and industrial Insurance are various forms of social Insurance. What is Insurance And how many types are there. Insurance info in hindi Insurance.


Friends, I tried to tell you in full detail about What is insurance? Complete Information In English, if you liked it, you can also share it with your friends, and if you have any questions, you can ask in the comment is.