Category Archives: Health Insuarance

Importance About Shopkeeper’s Insurance

Shop keeping is an economic activity, which is pursued with the goal of earning maximum profits within the limits of Government Rules & Regulations as well as social morales. Shops are sources of revenue for many in India. It not only provides income to the shopkeepers, but is also considered to be an asset. It’s very essential to secure this means of livelihood.

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To ensure that one can focus on their shop and business, it is necessary that the shopkeeper’s mind should be free from other worries, which are not related to business such as accidents or other similar hassles, which could hamper the business activity in a drastic way. The shopkeeper insurance policy is designed to cover all the risks faced by small or medium-sized shop owners. It provides protection for the property and the interests of the insured in the business venture.

Shopkeeper Insurance Policy Covers

Shopkeeper Insurance policies covers many hazards like fire, house breaking, loss of money, personal accident and so on.

Fire

This insurance covers shops and its contents against loss or damage caused by fire or similar accidents like

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  1. Fire, lightning, explosion of gas in domestic appliances
  2. Riot, strike, malicious damage, terrorist act
  3. Earthquake-Fire and/or shock, subsidence and landslide.
  4. Impact damage by rail/road vehicle not belonging to the insured.

Money Insurance

Loss of money or valuables while it is contained in a locked safe by burglary is also insured by this policy.

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Neon Sign/Glow Sign

The policy covers loss of or damage to neon sign/ glow sign by

  1. Accidental external means
  2. Fire, lightning or external explosion or theft.
  3. Riot, strike, malicious or terrorist act

Burglary & Housebreaking

Insured is protected against loss or damage by burglary or housebreaking.

Personal Accident

Covers insured and spouse and/or his children, named in the policy against bodily injury caused solely and directly by accident and resulting in death or permanent total or partial disablement or temporary total disablement.

Electrical and Mechanical Appliances

The policy covers the loss or damage of insured appliances.

Exclusions

There are certain exclusions from this policy. Some of them are: Theft from unattended vehicle, loss due to robbery, theft, fraud, dishonesty or conspiracy by any of the employees or agents, damage due to wear and tear, erosion, corrosion, or any other gradual deterioration due to atmospheric conditions, nuclear activity, pollution and so on.

Conclusion

Policy details mentioned are indicative. It is suggested that you read the policy documents carefully before signing on the dotted line.

 

3 Things To Check Before Buying Health Insurance

Health insurance is a type of insurance coverage that pays for medical and surgical expenses that are incurred by the person indemnified. These insure you against several illnesses, while assuring that you remain financially secure should you ever require treatment. They eliminate all your worries about treatment expenses and allow you to focus your energy on more substantial things, like getting better.

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Health insurance can either reimburse the person insured for expenses incurred from illness or pay the care provider directly. Don’t get deterred by the many varieties of health insurances available in the market, you just need to be careful about three important things while buying a health insurance. Let us guide you through those three aspects in brief.

 Insurance provider networks: Is your doctor or hospital covered under your insurance?

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This is one of the most important aspects to keep in mind. At first glance, you might not be able to understand the breadth of a particular plan’s network of doctors and hospitals. You should check thoroughly to ensure that your doctor or preferred hospitals are incorporated under the policy that you plan to buy.

You also need to specifically clarify from the agents about the benefits (if any) you might receive if you or your loved ones are admitted into hospitals, or visit doctors who are not included in the insurance policy.

What medications will the insurance cover and how much you have to pay for them?

Different insurance plans have their own list of drugs and medications that they cover, also known as formularies. You should make sure that the plans you are considering to buy must cover any medications you take already. The insurance plans typically assign covered medications to specific tiers, and then set patients’ cost-sharing for those drugs.

Most importantly, even if a medicine is covered by all plans, it might end up in a higher tier for other policies, leading to potentially high cost differences.

Look for Maximum Renewal Age:

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Maximum Renewal age is the age on which the insurance coverage of your health will be discontinued. Depending on product to product, this can include all members or a specific member. Your aim when you buy Health Insurance is to save yourself from mounting healthcare costs right through your life. A product, which ceases renewal, while you are still alive and need it more, is not a worthy one.

Look for products that give you lifetime coverage and rule out all products which do not cover your family members for a reasonable lifetime period. Life expectancy in India is around 70years.

Be aware of the above aspects, when you buy a health insurance for you and your family. The only remaining thing is that you should read the documents very carefully and make sure all your needs are fulfilled before signing on the dotted line.

 

 

The Need For Medical Insurance

The importance of Medical insurance covers those unpredictable moments in life and makes us feel secure. It gives us the guarantee of being looked after when we are ill and to have that proper medical treatment that is mentioned in our coverage. Investing in an ideal health insurance equals to investing in your better quality of life. Having a proper, secure insurance can pay for your treatments to treating illnesses.

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Even if you are usually in your pink of health, you will surely need to use the health care system at some juncture in your life. You never know when an accident may happen or your close ones will fall ill and need to see a doctor. Medical insurance provides you with an affordable way to get medical care when you need it the most.

Medical Insurance also protects you and your family from the high costs of health care. The cost of even a minor routine check-up can quickly add up. Therefore think about the cost of care for a major illness or injury- that can be devastating! No matter what age group you belong to Personal health costs should be something that you take very seriously. That is what Medical insurance is all about — covering the expenses that come with preventing and curing illnesses and staying healthy, and being prepared for the worst that could happen to you or your family.

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The pity fact is that many people who do not have Medical insurance simply don’t get the proper medical care and guidance they need and deserve at their time of illness. They remain worried about the costs and also because they don’t have access to the best resources. One of the key benefits of Medical insurance is you get access to a large network of doctors and hospitals, as well as other handy resources to help you stay healthy while not being worried about the expenses going behind it.

Medical insurance is not a luxury, but a necessity. It saves your hard earned money from flowing away and proves to be the most valuable asset during the extremely critical times.