It is mandatory to have your car insurance under the Motor vehicle act, but the process has been simplified on the internet with tons of online car insurance service providers making a huge platform and offering the most viable options for your car insurance requirements.
Car insurance getting a car insurance cover is no longer a tedious and time-consuming process, where you have to contact insurance agents or visit the insurance service providers. In fact, with just a click on the internet, you have all the intricate details of car insurance cover by varied insurance companies.
You may just open the comparison charts and analyze and evaluate all your car insurance needs, the premiums offered, the mode of payments, and after a careful study you may just make an online payment and you are done with your car insurance.
Car Insurance PolicyIt is imperative to carefully check the kind of cover provided by different car insurance companies as all covers are different and varied and it is important that your cover must include all kinds of damages which may occur to your car or if you happen to damage other car or property and the cover must include the theft, robbery of your car and cover all expenses in case of a natural calamity like floods, heavy rains etc.
You have the option to file compensation claims, renew your policy, and change your cover plans, online by just providing all your car insurance policy details.
Term Insurance which is a form of a life insurance is gaining popularity and works out to be very cost effective. In fact, it has many benefits, which is perhaps why many people seeking a life insurance cover are opting for Term Insurance. However, ironically not many people know the actual meaning of term insurance and how it is useful to us. So here we share a small summarised overview of the same.
Term Life InsuranceTerm Insurance is a life insurance policy, under which the policy holder gets an insurance cover at fixed premium rates which is payable for a specified period of time, and in case the policy holder dies, the amount covered is paid to the beneficiary, which has been nominated by the policy holder.
The advantage of term insurance is that the premium is low, fixed and payable for the specified period. However in case the policy holder falls under the Tobacco category and is classified as a typical smoker, he is considered as high-risk policy holder and is charged the higher premium, however, if the policy holder smokes and still is healthy he is classified in the non tobacco preferred category and has to pay less premium.
Term insurance cover is clearly the most cost effective and viable life insurance policy which has proved to be a real blessing for people during their dire hours.