INSURANCE:
LIFE INSURANCE, Pension plan, Health (Mediclaim), car insurance,Hospital cash, Travel Insurance, Personal Accident, shop insurance, home insurance.
Life Insurance: Overview:
Life insurance Policy is a contract between insured and the life insurance company (insurer) for the specified period of time (term) to protect your family against financial risk of your life to the extent of the life coverage (sum assured) by paying a cost (premium) to the life insurance company.
Life insurance is a must for the bread earner of the family, who has dependents. In case of an uncertain death of the bread earner it pays a lump sum amount to the nominee of the life insurance policy, so that the family can continue with the same standard of living even after losing him. Basically we can say life insurance covers the risk of death.
Pension Plans:
Pension plans aim to build retirement corpus and therefore it is very important to know and understand the importance of retirement planning. Retirement planning is the most important goal of every individual and no one can ignore the importance of the same. Improved health facilities have resulted in longer life expectancy. At present life expectancy of an average Indian is around 66 years and is likely to increase progressively in future. The rising trend of nuclear family with no one to fall back upon has forced people to seriously think about planning for retirement. This has to be addressed carefully at a younger age itself. The government is also concerned about this issue and has launched NPS (National Pension System) which is offering tax sops too. IRDA is also trying to increase awareness for pension plans offered by the lifeinsurance companies.
Health Insurance:
This is one insurance policy where only the most fortunate person will not make a claim during his life time. Most of us will, unfortunately, be required to be hospitalized some time or the other and will need a health insurance policy to take care of the hospitalization expenses.
Car Insurance: Premium:
• Car Insurance premium quotes
Save up to 30% by comparing pemiums from various insurance companies.
Hospital Cash: Overview:
Hospital cash plans are designed to pay the policyholder a lump sum for each day he or she needs treatment as an in-patient, in either a government or private hospital. Compare various hospital cash policies that provide the insured with a daily cash benefit for each 24 hours spent in the hospital.
Remember, this product is not a substitute for health insurance, but a supplement to the existing health insurance covers bought individually or provided by the employer.
Travel Insurance: Overview:
Travel is an adventure and a risk as well and it is good to be careful. Travel insurance might seem like an extra expense when you've forked out thousands for that holiday trip, but it may be ruined if you don't have adequate cover if something goes wrong.
House Holders Insurance: Overview:
Home insurance, or house-owner/householderinsurance as it is also known, is important, and you should purchase one.
Be it a humble hut or a bungalow, rented or owned, it is advisable to insure your house and belongings to guard against unforeseen risks.
In addition to protecting your home, the typical home insurance covers your valuable personal property as well. Your personal property could consist of your furniture, clothing, stereo, computer equipment, jewelry etc.
Shopkeepers Insurance: Overview:
The shopkeeper insurance policy is specifically designed to cover all the risks and contingencies faced by small or medium-sized shop owners. It provides protection for the property and the interests of the insured (and their partners) in the business venture.
Personal Accident: Overview:
If you are a breadwinner, an accident can create serious financial problems for your family. It can ruin the comfort and security you work so hard to provide them. Just think of it, who will help them settle the financial commitments in your absence or in case of your disability to earn any more, temporarily or permanently? You need to be prepared. Arm yourself with personal accident insurance.
Our Association With....
Sathyam Associates is an India-based diversified infrastructure conglomerate. Sathyam’s business sectors include engineering and construction; manufacturing and marketing of real estate etc.
