General Insurance

About General Insurance

General insurance

What is a General insurance loan?

A policy loan is the money you can borrow from your life insurance company, using your policy's cash value as collateral. Policy loans have no fixed repayment schedule, but you'll need to repay your insurer with interest.

Can I use my life insurance as collateral?.

Any type of life insurance policy is acceptable for collateral assignment, provided the insurance company allows assignment for the policy. A permanent life insurance policy with a cash value allows the lender access to the cash value to use as loan payment if the borrower defaults.

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Home Insurance

Every health insurer has tie-ups with a network of hospitals across the country. In case you are admitted to any of these ‘empanelled hospitals’ you need not pay anything for your treatment. Your insurer and hospital will take care of all your costs after you provide your policy number. Cashless claims are preferred in a health insurance.

Travel Insurance

Health insurance today offers its clients coverage beyond solely their hospitalization costs. Nowadays, there are pre and post-hospitalization expenses that are covered by traditional health insurance. Good health insurance plans also cover the cost of medicines, doctor consultations, ambulance charges, and more.

Vehicle Insurance

Some health insurance policies offer their policyholders the benefit of a no-claim bonus. As the name suggests, if no claim has been in the prior year of holding the policy, one is likely to receive a bonus in the form of a discount on their premiums or an increment in their coverage. Once you renew your policy, you get the avail of the no claim bonus.

Personal Accident

When one opts for a health insurance plan that they need to use, they are also entitled to regularly getting medical check-ups. insurers offer this facility as part of one’s health plan.insurers offer this facility as part of one’s health plan.

Combi Product

Some policies offer the option to copay, where the voluntary deductibles are predefined. This means the customer simply needs to pay defined amount of their bill. Once the pre-decided amount is exceeded, the insurer will cover the remaining payment.