what is insurance

How To Apply For A PAN Card:   Indians use the   Permanent Account Number (PAN) Card  as an identification document for different purposes. Many PAN cardholders neither work nor file tax returns but have the PAN card solely for the purpose of identification. Applying for a PAN card is very simple. You can do it online or via a govt. app. Want to know how? Find out here! Applying For PAN The Income Tax department has simplified the process of applying for a PAN card. While the PAN card could earlier be obtained only through middlemen, who were usually Chartered Accountants, today the PAN card can be easily applied for online. This is an easy and user-friendly process, with clear instructions and guidelines given at every stage. Here are the steps involved in  applying for a PAN card  should you wish to do it online � Visit the website of the Tax Information Network �  https://tin.tin.nsdl.com/pan/ . This is the home page of the Income Tax department and off...

Tips To Choose The Best Health Insurance: Cheap is a very relative term, especially when it comes to   Health Insurance .   It�s no secret that hospitals today charge room tariffs that can make 5-star hotels seem like budget hotels in comparison! And, God forbid if a small surgery is involved, your purse will feel lighter by a neat lakh or two. Medical costs have skyrocketed so much in the recent times that it won�t be a surprise if ISRO and other space research communities start considering space technology to be cheaper. Your only option against such meteoric inflation in healthcare expenses is a Health Insurance plan. But, choosing the right plan is as important as getting one. So, how do you zero in on the best plan? Here are the questions you should be asking yourself. Am I adequately covered? Getting adequate coverage is the first thing you need to consider. As you know, the more the sum assured, the more the premium will be. However, paying a slightly higher premi...

Things To Keep In Mind Before Buying Auto Insurance :   Buying an automobile holds significance as you own it after spending a large chunk of your hard-earned money. It is, thus, an investment which you would help you cover the cost of repair and accident. Auto insurance is an integral part of owning a vehicle so make sure you carry out the necessary research before you zero in on a product. Insurance is largely picked on the basis of the size of the premium and also the cover it provides. Here are a few things you must keep in mind before buying  auto insurance : Types of Insurance  � There are two types of auto insurance policies. One being third-party insurance, which is compulsory in India and the other is a comprehensive insurance policy. The third-party insurance is typically provided by dealers and the premium is factored in the price of the vehicle. The comprehensive insurance, on the other hand, takes care of third party liabilities, personal accidents, and ...

Best Car Insurance Plans In India:   You have no choice but to get Car Insurance if you have a car. However, when it comes to buying Car Insurance, there are plenty of options. What�s the cover? As you know, insurance is a protection against financial loss that might arise from the happening of an unexpected event. A person can avail this protection by buying a policy and paying a premium for it to an insurance company. The primary purpose of Car Insurance is to provide financial protection to the policyholder against losses incurred due to any physical damages to their vehicle. Losses and damages to your car under a Car Insurance policy may include: Loss or damage to your vehicle due to natural calamities Example: Fire, explosion, lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide etc. Loss or damage to your vehicle due to man-made calamities  Example: Burglary, theft, riot, strike, malicious ac...

How Car Insurance Work In India?  With the process of claiming Car Insurance getting better, it is now possible to get your vehicle repaired and ask the insurer to pay for it using your insurance policy. Here�s all you need to know. The first thing you must do is to go through the  insurance company�s preferred garages and get the repairs done at one of them. The insurance company will then pay for the repairs minus the items not covered under the policy, which will have to be paid by the owner of the vehicle, which is you. This is known as a cashless claim. Types of Vehicle Insurances There are two types of Vehicle Insurances � Comprehensive and Third Party Comprehensive Insurance As the name suggests, a comprehensive insurance plan helps ensure the vehicle against any risk arising out of theft or damage to the vehicle, death of the driver and/or passengers in the vehicle during an accident, and damage caused by the vehicle to other people or property. Coverage with C...

How Can You Save Money On Home Insurance :   Home insurance is a mandatory requirement put forward by money lenders in case of the purchase or construction of a new house. Now, there are multiple factors on which your insurance premium rates depend on the age of your house, its location, type of construction, etc. There are also some personal factors which come into play which could also affect your premium rates like whether or not the applicant is a smoker, the applicant�s credit history, etc. Home insurance premiums aren�t written in stone and can go up or down based on various factors. Here are the top 10 ways which can help you save big on your home insurance premium rates. Maintain a Good Credit Score More and more insurers are now taking into consideration an applicant�s credit history when it comes to deciding upon the insurance premium. A healthy credit score can easily help cut down your insurance premium costs while an awry credit score could harm your chances of ...

 Tips to Get Yourself An Effective Home Insurance Policy:   Purchasing or constructing a house, though initially quite stressful, can be one of the best investment decisions one can make. House insurance is an automatic addition which is a necessity to protect your new house from any potential risks or dangers. With a house comes house insurance. However, purchasing a home insurance policy also means that you are adding an expense to your future monthly budget by way of insurance premiums. Compare �  Comparison shopping is something that you should do before buying anything, not just insurance policies. When it comes to Home Insurance, different policies will offer different benefits. Compare different policies and their features, and choose the one that best fits your needs. Understand your policy thoroughly �  Read your policy documents without fail. You need to know every detail about your policy to avoid surprises later. Be in touch with your insurer �  Got...

We Should Buy Home Insurance Or Not? Over the past few years, there has been an increase in the number of homes being bought across the country. The property market has been pretty ripe for investments, and folks across the nation jumped at the opportunity. As an icing on the cake, most of the financial institutions offered attractive  Home Loans  to ease the burden of finances on home buyers too. Although there was an increase in the number of home buyers, there was hardly a handful among them who purchased Home Insurance. We Should Buy Home Insurance Or Not? While half of the population has no clue about Home Insurance, the ones that do know are under the impression that they�ll have to pay high premiums and will be subject to a complex documentation and claims process. Stella D�Souza, a mid-level employee in a private firm, said, �I never knew there was a something called a Home Insurance. But, luckily, my husband knew about it. And today, we�re glad we insured our home. Af...