Insurance

Many of us think that taking insurance is a cost and utter waste. But, remember, this cost is very negligible when compared to the benefits that accrue in the event of an unfortunate event .

Moreover, the money spent on insurance contracts can be a good savings -cum- investment for one's  life and the family.

One can make a choice of good plans to cover the basic risks like Life, Health, Home, Vehicles, etc.. This arrangement takes care of the welfare of your family.

For business or profession, go for the policies that will insure the risks associated with the products, fixtures and fittings like plant and machinery,etc..

Do's & Don't s

1. Always read the contract notes when received after committing to an insurance cover. Possibilities are that even after taking all precautions prior to buying the insurance    product, some exclusions to the risks coverage .
2. Always keep the policy in force by paying the premium regularly.Your claim will be rejected if you have not paid the premium
3. Always Keep the insurance company informed if you make any changes in the Address, change in 
4. Always Keep the insurance company informed if you make any changes in the Address, change in the nature and composition of assets covered,etc..This issue crops up in the case of business assets and movable assets like vehicles . When you buy a second hand asset, the risk is more: you have to ensure the title is transferred in your name before taking the insurance.

Always buy Life insurance covers from the reputed companies which have a good name in the market. New insurers tend to be inclined towards more business and profit, rather than servicing the  the payment of the claims under their policies.

So, Insurance cost  is a Not a Liability/burden, but an Investment for a Future asset .
You get more benefit from Accident and Term insurance at a low cost.

BE INSURED FOR  HAPPY and SAFE LIFE.