Aswaat Insurance Information

Archive for the ‘General Insurance’ Category

 

India is a land of where around 1/6th of the total population of the world stays. After the economy of India underwent a renaissance in the early 1990’s, it totally changed the perception that was prevailing in the minds of people across the world. Due to this many investors from even the remotest corner of the world started to approach this potentially rich economy country. This led to a situation where many insurance companies both national and international appeared on the scene. The thing to notice here is that although at that time the concept of Insurance was not new to the people. But it was only after the economic reformation that created the interest in the people regarding to the concept of life insurance.

Peerless insurance company was one of the pioneers in the sector of Life Insurance. After that Life India Corporation, General Insurance Company and many others companies brought many pleasant changes which ultimately popularised Life insurance. Life insurance is a policy that today many companies offer to the customers. Under this policy the person or the members of the insured person’s family gets compensated in case if any thing happens to the insured person. These policies are an effort to serve the families who looses their bread winner in an unfortunate incident. But that does not mean that the concept of life insurance only applies to the males. No, even women can get themselves the policy of Life insurance.

 

Life insurance? is a type of insurance under which the life of a person(insured) is insured for a certain amount of money by the insurer after the insured agrees to pay a sum of amount (premium) to the insurer for a specific period.

Insurance as they say is the subject matter of solicitation. This is the main USP of this type of insurance. It is because nobody forces or compels the concerned person to get insured. It totally depends upon the discretion of the person who is interested in getting insured. Today in market there are many types of insurance policies available which are not only attractive but also at the same time require very less formalities to be performed such as the health check ups and other legal formalities.

Thus life insurance is not only beneficial but also has a very vital role to play in the lives of common people.

Every Individual cares for saving money while yearning for alternatives in investing. In Some investment forms, tax-saving doesn’t compliment with Investment. The purpose of investment is to extract profits in due course of time. The mindset of any small time or big investor is always making handsome profits in short span of time. However there are others who think that long term investments can benefit them financially and mentally by giving them peace of mind so they are always open to suggestive options. One of such suggestive investment option is putting money in Insurance. There are basically two types of insurance; Life Insurance and General Insurance.

General Insurance in developing countries has huge potential because population at large needs to be covered. So we can now find several companies entering insurance arena to fulfill the requirements of masses. The major hindrance in this is creating market awareness about the product and its customized benefits to the individual or family.

India is one of the fastest developing countries in terms of Insurance services. There are numerous companies in India that provides Insurance products some of them are ICICI Lombard, Bajaj Allianz ,Tata Aig, Reliance General and others.

Some of the popular Insurance products that are available in the market are: Health Guard Health Insurance , Travel Companion, Health advantage Plus, Family floater plans, Student Companion,  Reliance health wise policy, Travel care policy, Tata Aig Maharaksha.

For non-tangible assets we can find few MNC’s as well as PSU that provide such type of insurance some of them are LIC, ICICI Prudential, Bharti Axa and others.

Of all the above products health insurance is the most sought after product due to sky rocketing expenses for health related treatments. Again while considering health insurance we should be aware of the company that provides right kind of policy with minimum premium. There is a catch and that being some companies promote their products without highlighting the riders which people may not know while buying policy.  So it is better to visit the official website of such companies rather than depending on multi-insurance provider agencies.

http://www.healthinsuranceindia.org is India’s most informative health insurance website .

The site started by Ria Insurance Brokers Private Limited, a leading insurance brokerage firm, in September 2007 has emerged the most informative healthinsurance site. The site aims to empower customers to make informed health  insurance buying decisions by giving information to the customers about various products being introduced or marketed by general insurance or stand alone health insurance companies in the country. The site is being accessed by large number of  customers in India and in over 27 countries located as far as USA, Egypt and Kenya.

Ria  Insurance Brokers Private Limited, a leading insurance brokerage firm, is behind the site which is at present being considered as the most informative health insurance site with more than 903 pages of information. This site was inaugurated at Chennai  in September 2007 by Mr. C. S. Rao Chairman IRDA in the annual conference of Insurance Brokers Association of India.

www.healthinsuranceindia.org  is a specialized health insurance website looking to provide comprehensive information in simple language on a very valuable and important topic to the customers located in India and abroad. This site has come out with an analysis of the products as well as a comparison of the data; rarely found on other sites which generally do  not cover products of all the companies.

It is noticed that  generally  sites try to cover information on too many Insurance products in  areas like : travel, auto, health, home, and term life. Due to the large amount of information covered, these sites do not cover in-depth information. However, the good point of http://www.healthinsuranceindia.org is that it is has an in-depth study of only one product and that too  on health insurance industry in India. This is the reason that recently when ‘Money Today’ came out with 22 pages special supplement on health insurance,  practically all the comparative table on products, and their  prices were sourced from this site. Additionally, the underwriters of insurance companies refer to this site when they are considering changes in their product or performing a competitor analysis within the Indian market for presentation to their management.

The portal also has a Query section that is used by the internet users to clarify their doubts or look for answers to the questions which have remained unanswered by reading the brief brochures of the Insurance company. This is the only site which provides details of cashless hospitals in india state-wise, city-wise as well as a list of over 4500  hospitals that accept insured clients for treatment  on cashless basis.

In today’s world the internet has drastically changed the way a customer thinks, behaves and increasingly buys. Today, any customer would like to equip himself with the information to ensure that he/she is making a correct choice that is suited / customized to his needs. We firmly believe that The website should be independent so that it can enable a customer to compare various products and buy the one that suits him/her the best at the click of a mouse. We are pleased when we receive  compliments of hundreds of our customers who have been able to buy the right product on the basis of the data available on our website. It is clearly understood that  the right product may not be the cheapest product available in the market.” said Mr. S K Sethi CEO, Ria  Insurance Brokers & Author of Best Guide to buy Health Insurance, which was published in book format in years  2005 & 2006. This  book is now available in an e-book form on cd and of course on the website http://www.healthinsuranceindia.org.

http://www.healthinsuranceindia.org is an internet venture which has  empowered  the  retail as well as corporate customers to take an informed decision by buying the right product from right insurance company. The  good point of this site is that it is  an independent site which covers products of all the health insurance companies