Motor Insurance is driven by the phrase, “use it or lose it”. In India, more than 1200 road crashes occur every single day. Assuming that, you will follow the traffic rules and nothing wrong will ever happen is the mistake that can lead to a huge financial loss, unless your vehicle has an insurance coverage in place. While the Indian Law makes it mandatory to insure your vehicle against third party liability, it is prudent to have a comprehensive coverage. A comprehensive motor coverage empowers both the parties,involved in the accident, with coverage in case of loss. It helps restore the financial status to the state it was before the loss actually happened. Motor insurance is a contact between a vehicle owner and an insurance provider wherein, the latter compensates for losses arising out of accidents, theft, third-party injuries or death. It could also cover personal injuries to you or your passengers. Motor insurance can be categorized into: Comprehensive cover Third Party Cover** ** Mandatory According to Indian Law (state act according to law) Did You Know? When you choose us for Motor Insurance, you get the Ideal Advantage that gives you: Lowest Premiums from across all service providers Best Offerings after a careful evaluation of all available products Renewals from any Company Quick Claims Settlement Cashless Claims 24*7 Customer Support Timely Renewals and Periodic Review to avoid discontinuity
You can never be prepared enough for the unpredictability of life. Our current lifestyles, sudden health conditions can wreak havoc on our financials. This strain further leads to stress factors and then eventually lead to more health problems. Today, health costs are rising at an alarming rate of 20% p.a. 80% of hospitalization expenses are covered by taking a loan or selling of assets. Penetration of health insurance in India is only 1.2 % as compared to 84% in the U.S. Also,we do not receive any form of Social security from the government. Keeping all of this in mind, we should insure our health today so that our health conditions do not drain out our savings. A robust health insurance is the only way to break this vicious cycle and live your life in peace. This is a type of insurance in which the policy holder’s medical expenses are covered, by an insurance company, in the event of an emergency. A health policy can either offer cashless medical facilities or reimbursement of the same. Health insurance can be broken down into 2 categories: General health insurance cover Critical illness cover that offers coverage for acute illnesses like strokes, kidney failure, diabetes and cancer. Did You Know? When you choose us for Health Insurance, you get the Ideal Advantage and that gives you: Lowest Premiums from across all service providers Best Offerings after a careful evaluation of all available products No Medical Tests Required till the age of 70 (Coverage available till the age of 80) Quick Claims Settlement 24*7 Customer Support Timely Renewals and Periodic Review to avoid discontinuity
“Home is where the heart is”. We have heard this a lot. But, we do spend some of our most precious moments of life in the comfort of our home and it is thus, the most important asset. Like every asset needs protection, even our homes require protection and the most reliable form of security is home insurance. In this type of insurance, the insurer and the insured enter into a contract, as per which, the insurer is legally bound to pay an amount that will take care of the damages to property, in any untoward situation* that may occur. The insurance cover is applicable in situations like fire and allied perils, burglary or break-in, loss of insured jewelry, appliances like refrigerator, washing-machines etc., sanitary fittings, personal baggage, personal accidents and legal liability to domestic servants. There are a few exceptions to the policy and since we believe in keeping everything transparent from Day 1, listed below are the situations that are not covered: Loss or damage resulting out of domestic staff’s direct involvement Loss of livestock, motor vehicles, pedal cycles, money, securities for money, stamp, bullion, deeds, bonds, bills of exchange, promissory notes, stock or share certificates, business books, manuscripts, documents of any kinds, ATM debit or credit cards. loss or damage to any property that is illegally acquired or stored and is subject to forfeiture loss or damage occurring while your house is unoccupied for a period of more than 30 days consecutively, and you have failed to inform the insurance company about it *The situation must be covered under the policy. Did you know? When you choose us for Home Insurance, you get the Ideal Advantage that gives you: Lowest Premiums as compared to the market rates Best-in-class product, as per your needs Easy renewals over call or whats app or text message Quick and complete claims management Cashless claims 24×7 Customer support & helpline
Fire insurance is a form of property insurance that covers damage and losses caused by fire. To claim fire insurance two conditionsneed to be met.First,there must be an actual loss due to fire andsecond,the fire must must be accidental.
In a world that thrives on global connections, travel is now an essential part of our being. Whether we are travelling for business or pleasure, travel insurance keeps us covered for any risk or unpredictable circumstance that may arrive during the trip. The travel insurance cover is usually applicable on sudden medical emergencies, financial losses, missing or lost baggage, loss of passport and other specific untoward situations. There are a few exceptions to the policy and we believe in keeping our clauses transparent from Day 1. Under the following circumstances, no claim will be paid by Ideal Insurance. If you or your family member: Suffering from pre-existing diseases, mental disorders, drug abuse, risky sport-related injuries, pregnancy-related complications etc. is travelling against the physician’s advice Is travelling for treatment purposes No report documented with the police authorities on loss or theft of passport Is terminally ill. War or nuclear perils. Did you know? When you choose us for Travel Insurance, you get the Ideal Advantage, that gives you: Cashless facility for emergency medical expenses, disability, death or extreme injuries Dental care expenses Daily allowance in case of hospital stay extension of more than 2 days Delayed trip of more than 12 hours Loss of passport Personal liability to a third party that results in injury or death of you or your family member abroad. Cash benefit in financial emergencies if you have suffered theft of money Hijack Distress Allowance
The productivity of any business is dependent on several factors. Employee satisfaction is a significant factor that impacts the way businesses start, grow, and thrive in this competitive environment. To keep their employees happy andengaged, organizations offer many benefits in the form of sick leaves, privileged leaves, etc. One such benefit is the Group Policieswhich take care of all major unexpected events that may come in the life of the employees. Group Medical Policy and GroupPersonal Accident Policy, both offer substantial medical and financial coverage to the employees to protect their welfare.
Liability insurance policy offers protection to individuals and businesses from legal payouts that the policyholder is liable to pay or is sued for. However, claims filed for intentional damages, criminal prosecution, and contractual liabilities are not covered in a Liability insurance policy. Liability insurance is a type of insurance policy that safeguards individuals and/or businesses against risks that they may be held legally liable. Simply put, if the policyholder is liable for any third-party loss or damage then the insurer will recompense the damage incurred. Generally, the coverage is provided for both legal and financial liabilities until it is intentional. Types of Liability Insurance in India There are different types of policies that are available in India catering to the different needs and requirements and the line of work of the customers. Some of the most common liability cover policies are: Public Liability Cover This type of policy is designed for those industries/companies that have a lot of interaction with the general public. It is suggested to buy this insurance policy to secure you from unnecessary financial risks and legal liabilities. Retail shops, shopping malls, clubs, theatres, and all those catering to the general public are advised to take this variant of liability policy. Professional Indemnity Insurance It is a type of liability policy that is designed for professionals such as medical practitioners, architects, engineers, lawyers, chartered accountants, and services that need to protect their business interests against legal claims for professional neglect, error, or omissions. Employer Liability This policy is for employers who want to cover the liabilities of employees who may get injured because of the job. Generally, this insurance policy is known as Business Liability Insurance. Product Liability This policy is one of the most required policies for companies that are related to the production of tobacco, chemical industry, food, medical products, recreational products, etc. Third-Party Liability This policy is suitable for small industries or individuals who want coverage for damages or losses caused by them to a third party. In third-party insurance, the insured is the first party, the insurance provider is the second party, and the injured or the company/person who is making claim against the insured is referred to as a third-party.
Commercial insurance is primarily meant to cover businesses against losses that arise out of damages to property, injury of employers, public and employer’s liability and various other unforeseen situations. Commercial insurance is also popularly known as Business insurance. It is an umbrella term that covers various aspects of businesses that are listed below: Property Insurance including business interruption– Ideal Insurance offers business interruption insurance that covers physical losses or damages that might occur to natural disasters of fire perils. Commercial Motor Insurance- Ideal offers commercial motor insurance policy that covers vehicles carrying goods, passengers, vehicles like cranes, trailers, tractors, etc. The key benefits that we offer are protection to the insured vehicle against loss or damages, third party claims arising out of death or injury as well as personal accident cover. Engineering insurance- large scale civil construction operations are often at the risk of raw material or machine damage and even to the building structure to some extent. Ideal Insurance offers engineering insurance to cover and secure all these aspects. Fire Insurance- when you go beyond all your limitations to build a business, it is important to take the most crucial factor into consideration and that is loss or damage that might arise out of a fire peril. Ideal offers fire insurance policy that protects the insured property against fire, lightning, explosions etc. Shopkeeper’s Insurance- Ideal offers shopkeeper’s insurance that provides complete coverage against manmade and natural calamities and also from various other factors. It has been designed to protect the shop and everything that lies within it. Since shops are always at a risk of burglaries, we also offer protection against burglary, loss of cash, forgery of cheque etc. Liability insurance- Many a times, businesses are held legally responsible for malpractices, negligence and injuries. Ideal Insurance offers Liability insurance coverage policy that protects businesses from third-party claims and prison payouts. Marine Insurance- Under this policy, Idea Insurance offers losses or damage to cargo vessels, ships, terminals and any other form of transport that carries goods from their point of collection to their final destination. Employees Benefit Insurance- In this policy, Ideal Insurance offers coverage of life, health and disability of employees and their families. Credit Insurance– Credit insurance helps to pay off one or more debts of the insured person in the case of untoward situations like loss of job, death or disability. Ideal Insurance also offers additional benefits in this regard that the broker in question will explain at length. Professional Indemnity Insurance- this type of insurance especially exists for professionals like doctors, engineers, lawyers, architects and chartered accountants to safeguard their businesses against legal claims in case of errors or neglect on their behalf.
IAR is a wide and comprehensive cover for the large sized business where the assets at all locations of the insured exceeds Rs.100 Crores. It is an all risk policy covering a wide range of perils such as fire and allied perils, burglary, accidental damage, breakdown as well as business interruption.
Fire insurance is a form of property insurance that covers damage and losses caused by fire. To claim fire insurance two conditionsneed to be met.First,there must be an actual loss due to fire andsecond,the fire must must be accidental.
You can never be prepared enough for the unpredictability of life. Our current lifestyles, sudden health conditions can wreak havoc on our financials. This strain further leads to stress factors and then eventually lead to more health problems. Today, health costs are rising at an alarming rate of 20% p.a. 80% of hospitalization expenses are covered by taking a loan or selling of assets. Penetration of health insurance in India is only 1.2 % as compared to 84% in the U.S. Also,we do not receive any form of Social security from the government. Keeping all of this in mind, we should insure our health today so that our health conditions do not drain out our savings. A robust health insurance is the only way to break this vicious cycle and live your life in peace. This is a type of insurance in which the policy holder’s medical expenses are covered, by an insurance company, in the event of an emergency. A health policy can either offer cashless medical facilities or reimbursement of the same. Health insurance can be broken down into 2 categories: General health insurance cover Critical illness cover that offers coverage for acute illnesses like strokes, kidney failure, diabetes and cancer. Did You Know? When you choose us for Health Insurance, you get the Ideal Advantage and that gives you: Lowest Premiums from across all service providers Best Offerings after a careful evaluation of all available products No Medical Tests Required till the age of 70 (Coverage available till the age of 80) Quick Claims Settlement 24*7 Customer Support Timely Renewals and Periodic Review to avoid discontinuity
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