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A prior planning towards insurance can certainly help you to cover the costs of care and recovery, so that you can spend hard-earned money on what matters most. At Financial Planning Arcade, we offer our clients with a variety of Health Insurance solutions that can offer protection throughout the existence of disease.
We work with our expert health planning advisors and come up with the solutions that can save you from hassle of lump-sum payment for heavy medical expenses.
What benefits we bring in for our clients :
We offer a convenient way to buy and compare Health Insurance Policy also known as Medi-claim Policy in India offered by leading Insurance companies. Not only you can select the best health insurance product that suits your insurance need but also save money by comparing plans.
Choose your self right health insurance medi-claim policy Due to the rising cost of health care, it’s necessary to secure yourself and your family by buying Health Insurance (Medical Insurance). Here is how to choose a policy that suits your needs better.
It takes several attempts to an insurance agent to convince a customer to buy Health Insurance, but few minutes on billing counter is more enough to understand the importance of medi-claim insurance plan.
A simple hospitalization may cost you thousands of rupees from your savings, which definitely causes financial disaster. Dont be surprised as health care costs are rising at a fast clip. If you are looking for a health insurance policy for yourself or for your family, vast array of choices are available in the market. More choices cause more confusion. And one should not be confused when it comes to health coverage.
There are individual Policies, family floater plans, critical illness health insurance plans, medi-claim plans for Senior Citizen and many more available in the market. How does one pick a suitable and affordable health insurance plan from the litter?
Each type of health insurance policy fulfills some specifies needs. You just have to choose the right one as per your age, your family size and existing cover.
Individual Health Insurance Plan :
Looking for an individual health insurance plan as it plays a significant role in the health care. Individual Health Insurance Plan is an ideal option for people who do not access the group medi-claim policy or family floater health insurance plan. Insurance premium of this kind of policies is generally high but it does not mean it is unaffordable.
Family Floater Health Insurance Plans :
Family Floater policies are also very useful for newly wed couples or for those who are already married and intended to start a family in a few years. If you have an elementary family, a family floater plan suits you better. In family floater health insurance plan sum assured is shared between all members and thus is available to all members of the family. It’s unlikely that all the members will require hospitalization in the same year Premium maybe more in case of family floater plan as compared with an individual health plan. We are a reliable Health Insurance Service Provider based in India.
There are so many things to do when you are travelling abroad like getting Visa, airline tickets, arranging hotel accommodation, packing and so on. You are looking forward to a wonderful vacation and spending quality time with your loved ones. However, one thing that is left for you to do is to buy Travel Insurance.
Our Travel Insurance is much more than a mere medical cover, it includes many things like personal liability cover, loss of luggage, loss of passport, personal accident etc. And hence careful consideration will make sure that you are financially protected against any unknown liability. We are a prominent Travel Insurance Service Provider based in India.
In insurance, a situation in which a loss, resulting from a deliberate act of sacrifice to save other goods, is shared by the insurers concerned (such as the insurer of a vessel and the insurer of its cargo where part of the cargo has been jettisoned – and lost – to save the ship).
Life with all its wonderful opportunities has its own share of hazards. Hazards and dangers with their variety and sudden improbability require strength and resourcefulness on one's part so that they can be duly encountered. General Insurance seeks to cover protection against different areas of hazards including property, enterprise, vehicle, money lending and various other forms of professional casualties, except the casualty of death.
Why Requirement of General Insurance?
Ensuring an agreement between the insurers and insured which forms the basis of its financial transactions, general insurance sells products and policies safe guarding various facets of property centric risks. It seeks to protect home or immovable properties against the various natural perils of fire, flood, storm, inundation and earthquake. It also covers risks pertaining to theft and burglary. Factory and its associated installations, along with breakdown of machinery may also come under the domain of general insurance.
Besides immovable property, even movable property comes under General Insurance's protective domain. There are general insurance products or policies covering the interests of automobile owners and those of cargo owners. Insurance against time bound damages caused naturally over time and those of theft, shipwreck and accidents where the insured had no direct role to play in its occurrence also come under its protective purview. There are particular policies seeking to protect the hulls of ships on account of their greatest exposure to risks.
Some of the areas related to general insurance are geared to benefitting individual personality. Commonly known as personal insurance, accident and health insurance are offered by such beneficial products without catering to the risk of death. Such insurance generally covers the cost of hospitalization by way of reimbursing the victims or at times give way to cashless hospitalization. It is important to note that accidental insurance and health insurance have enough products of different customizations to cater to the insurance of an individual or a group of individuals. For example employees working under an organization may come under its purview. Group insurance is cheaper because the insured can avail of discounts of various types.
Liability insurance catering to the liability of a third party comes into play when there is a risk to another person's life or health on account of the owner's property and the owner is legally bound to compensate Thus for meeting hazardous situations arising out of a legal course of action, liability insurance which is also a part of general insurance, becomes beneficial. Car owners, house owners, factory owners and medical practitioners may come under the domain of liability insurance. There are policies specially made keeping in mind the target group or groups of individuals whose business may come under the risk of legal suits.
Even credit insurance seeking to protect the interests of private money lenders and financiers are protected by general insurance. To cater to contingencies arising in course of traveling requisite general insurance on part of travelers is known as travelers' insurance. Pet insurance, an idea common in the west, seeks to cover the relative expenses involved with regard to the maintenance of pets and other domestic animals. Even the loss of pet is covered under this special branch of general insurance known as the pet insurance. Similarly there are insurances to cater to the risks of private as well as public event management groups.
Usually the actual value of the property, together with the anticipated value of loss is counted for the purpose of insurance cover. Accordingly the price and premium of a policy are determined. If the actual value of the property is not highlighted, as part of its risk calculation; in the event of its occurrence in reality, the owner will be required to pay additional premium. Actuaries- a special group of professionals play an important part as far as pricing and premium evaluation of a product related to general insurance is concerned. Most of the policies involve advance payment of premium; while only a few of them are adjustable with premium payment being dependent on annual profit turnover or average value of stock.
For every individual and all forms of property holders, general insurance is a must. Damage partial or complete may be shattering; but general insurance serves to mitigate the extent of damage. Similarly industrial units and business houses need to protect their unit and seek adequate cover for various costs of repairs. They also need resources to counter the risk of liabilities. General insurance extends protection to all these risk prone areas. Awareness is necessary along with ones exposure to the possible risk elements so as to avail of its maximum benefit.
As far as availing of its maximum benefit is concerned, it is all about buying the right policy. For this a prospective policy holder needs to make a due calculation of the risks of loss. A good policy from his point of view should be cost effective where the quantitative amount of loss is higher than the total cost of insurance and yearly premium to be entailed as part of a general insurance policy. We are a distinguished General Insurance Service Provider based in India.
Delhi, India 