Why We Need To Buy General Insurance

In a nutshell, buying General insurance is about managing risk.

Most frequently used as a means of managing financial uncertainty, insurance exists to provide peace of mind should anything happen to you, your loved ones, your investments or your business.

Why everyone needs general insurance

Glass breakage is common around the home – especially with a summer of backyard cricket underway.

While it is tempting to think “it would never happen to me”, ask yourself what would be the cost financially – not to mention emotionally – should the worst happen and you lost everything through no fault of your own?

He says the first thing people should do when considering seeking cover is to talk to their chosen provider about their lifestyle and how it can be protected – no matter what stage of life they’re at – whether young or young at heart, home-owner or renter, employed or looking for work.

While most insurance providers attempt to provide the most comprehensive cover they can, it is always worth reading the small print to ensure you are getting the best bang for your buck.

To help mitigate some of the issues faced by its policyholders in the event of obvious disasters such as fire, flood or theft or smaller everyday disasters such as accidental breakage, AMI policies offer a number of unique features not offered by some of its competitors.

“We recognise that glass breakage is pretty common, especially with summer here and backyard cricket starting up – that’s why our policies give you the option to remove the excess for glass breakage,” says Tippet.

Policies can also include something as simple as cover for Christmas presents stolen while kept in the home, while legal liability under standard contents cover with AMI means you may even be covered for accidental damage to someone else’s property, he says.

We also offer more flexibility when it comes to car insurance.

“Most insurers only cover rental cars if you’re left without your own car while our policies include substitute transport costs including any combination of rental car, taxis and public transport – there’s even the option of additional cover for medical expenses.”

To help make the process even easier also boasts its own smartphone and tablet app –We Assist – that as well as simplifying the claims process and detailing the fine print, also has special offers on everything from carwashes to WOFs.

Source:  [ 

http://blogs.rediff.com/generalinsurance/2016/06/28/buy-general-insurance/ ]

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Why To Buy Medical Insurance Plans For Parents

Good health is a blessing for each person. It is a tool that guides you towards a happy and healthy life. We all know that a healthy body nourishes a healthy mind and that helps you work better through the day. With a healthy body, you will be free to focus on different aspects of your life. We all know that in the old age, people are more prone to disease. It is thus essential to take extra care of the health in the old age and get quality treatment in time of need. But for many people getting quality treatment in older age is a tricky prospect due to lack of funds. As a responsible child, it is thus our duty to ensure our parents under an effective health plan to secure their health in old age that will take care of all health issues and help them lead a trouble free life.

Medical insurance plans for parents

Health insurance for parents or senior citizens is important, considering the rate at which health care expenses are rising. If we talk about an average percentage then the health care cost is rising by 15 percent every year. Moreover, it is found that almost 75 percent of Indians are paying these expenses from their own pockets.

With the help of medical insurance coverage for your parents, they will be able to get quality treatment in old age as well. So to provide complete support to your parents you must buy a general insurance for them. It will provide a stress-free post-retirement life to them.

There are several reasons to buy medical insurance plans for parents. It can be growing health care cost, rising frequency of disease and much more. It is not like a health insurance plan will protect you from all diseases, but for sure it will help you in treating most of them. It will act like a savior in need.

If you or your family members face any health related issues, then a health insurance plan will provide a helping hand to deal with it. It will provide the required financial coverage to you that will remove the burden of heavy medical expenses. It will surely provide a great level of relief and allow you to take wise decision in all stages of life.

Why purchase health insurance for Parents?

The cost of health care is rising more than the normal inflation rate. Your parents may own a limited income or unstable income during post-retirement life. Your parents are financially dependent on you. Old age is easily prone to accidents and diseases. They might need sudden financial assistance for quality treatment on time.

Things You Must Check In Medical Insurance Plans For Parents:

Co-payment rules: Under this, the policyholder has to pay a particular percentage from the claim amount like 20 percent of the claim or more. It depends upon the insurers and plans.
Sub-limit: it is common for the insurers to fix sum limits for definite illnesses or treatments.
Pre-existing diseases: There are many insurers that do not provide coverage for pre –existing disease. You must check and compare them thoroughly to get the desired coverage on existing disease as well.

Waiting Period: The insured has to wait for a definite period of time before claiming any expenses.

[Source: https://generalinsurancesite.wordpress.com/2016/06/15/why-to-buy-medical-insurance-plans-for-parents/]