Bharti AXA General Insurance is now part of ICICI Lombard General Insurance.

Bharti AXA General Insurance is now part of ICICI Lombard General Insurance.

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  • How to Transfer Car Ownership Online?

    by Almog Ramrajkar | Oct 04, 2022

    Factually, transferring car ownership is a lengthy process. It involves the new owner of the car, the previous owner, and a pile load of necessary documents that need attestation and verification. However, some digital platforms have introduced ways to do it with ease. Before we look into the transfer process in detail, let us understand what it means and when it shouldn’t be done.

    • Normal sale and purchase of a used car, wherein the old owner’s name and details on the vehicle’s registration certificate (RC) must be replaced by the new owner’s details.
    • Transfer in the case of the existing owner’s demise, whereby the legal heir to the car must inform the RTO about the demise within the next 30 days. However, the utilization of such a car by the heir is allowed for the next 3 months following the owner's demise.
    • Vehicle purchase during a public auction; herein, the original owner’s name is replaced by that of the new owner to whom the vehicle has been auctioned.

    The process involved in the transfer of car ownership online and/or offline can subtly vary. You may also initiate the process by submitting the necessary application forms on the central government’s dedicated website—‘Parivahan.’

    Car Ownership Transfer in the Case of Normal Sale/Purchase

    To change ownership of a car under normal sale/purchase, just follow these steps:

    • Fill up Form 29 with the necessary details online and take a print.
    • Once the details are verified, hand out the form to the local RTO at the seller’s and purchaser’s location of residence. Herein, the purchaser needs to submit Form 30 within 14 days of transfer along with documents related to Form 1 and 2.
    • In the case of inter-state transfer, the purchaser needs to fill up Form 30 within 45 days of such transfer and submit necessary documents.
    • The buyer must also pay the necessary charges levied on such transfer under Rule 81 of the General Motor Vehicles (GMV) Rules 1989 to complete inter-state transfers.

    The necessary documents involved include the vehicle’s RC, insurance certificate to car insurance certificate, PUC certificate, engine and chassis pencil print, the registering authority’s NOC, tax clearance certificate and the purchaser’s undertaking, along with identity and address proofs of both parties involved in transferring car ownership.

  • GST on Health Insurance

    by Almog Ramrajkar | Sep 26, 2022

    The Government introduced the Goods & Services Tax, popularly known as GST, in 2017. GST consolidates multiple indirect taxes such as excise duty, VAT, and service tax under a single umbrella. It also helps business owners to understand the tax implications better and allows them to conduct business transactions more smoothly.

    GST applies to almost all goods and services, including health insurance products, sold across the country. When you buy health insurance plan, you must pay an 18% GST. Let’s get into the nitty-gritty of how GST affects your medical insurance. However, before that let us first understand what GST is and how it works.

    What is GST?

    GST is a single indirect tax that you—the consumer, must pay when purchasing household goods such as clothing and food. Furthermore, this tax is applicable if you avail of any services such as dining, transportation, or insurance.

    Types of GST on Health Insurance

    • Central GST (CGST)

    This portion of GST goes to the Central government's account.

    • State GST (SGST)

    The component of GST is collected by the state government on intra-state transactions.

    • Integrated GST (IGST)

    IGST is split evenly between the Central and the state government. Here, the concerned state is where the goods or services are consumed.

    • Union Territory GST (UGST)

    You must pay UGST if you have consumed goods or services in a union territory such as Chandigarh and Andaman & Nicobar. 

    In India, there are five GST slabs—0%, 5%, 12%, 18%, and 28%. The Government has clearly defined which services or goods will be subject to which tax bracket.

    Impact of GST on health insurance

    Health insurance has become expensive since the implementation of GST. Earlier, when purchasing health insurance, the policyholder was charged a 15% service tax. The components of the service tax are:

    • Basic service tax – 14%
    • Swach Bharat cess – 0.5%
    • Krishi Kalyan Cess – 0.5%

    Since the tax rates were revised, you must now pay an additional 3% in taxes when purchasing or renewing medical insurance

    Tax savings under section 80D

    Investing in health insurance not only protects you financially in the event of a medical emergency but also allows you to save a significant amount of money on taxes. Section 80D of the income tax allows you to bring down the tax payable amount by up to Rs 1,00,000. Here is the table detailing the tax benefits under section 80D:

    Covered Individual Maximum Deduction
    Insurance premiums paid for self, spouse, or dependent children, all under the age of 60 years. Rs 25,000
    Insurance premiums paid for self, spouse, dependent children, and parents, all under the age of 60 years. Rs 25,000 + Rs 25,000
    Insurance premiums paid for self, spouse, dependent children, and senior citizen parents. Rs 25,000 + Rs 50,000
    Insurance premiums paid for self, spouse, dependent children, and parents, all over the age of 60 years. Rs 50,000 + Rs 50,000

    In addition to the insurance premium, you can also claim a deduction for the amount spent on the preventive health check-up. The maximum exemption limit, in this case, is Rs 5,000.

  • Buckle Up for a Smooth and Safe Drive

    by Amit Moolya | Sep 16, 2022

    Often commuting by cab or your car makes the journey smooth. You may enjoy the thrill of being behind the wheel or prefer relaxing in the rear seat humming your favourite tune. Either way, do you wear a seatbelt whenever you are on the go?

    Why wearing a seatbelt is important?

    In a report, this year, WHO said wearing belts in the rear seat can reduce the risk of being killed and injured by 25% and 75% respectively. Closer home, surveys done by Maruti Suzuki India in 2017 revealed poor compliance with seatbelt laws as hardly 4% of respondents used seatbelts.Compared to 2020, deaths by road accidents increased by almost 17% in 2021. Do you know what was one of the major causes of death? Yes, not wearing a seatbelt.


    How do seatbelts help in enhancing safety?

    Seatbelts hold the occupants of the car in place and prevent them from being catapulted forward during an accident. While the seatbelt ensures that the individual stays in his/her place, the airbag’s job is to protect the head and chest from impact. During a collision, seatbelts provide the primary restraint, whereas slamming into an airbag in case of an accident reduces the impact. While all cars in India have seatbelts at the front and rear, they may not have rear airbags. For safe driving, you must get them as part of the accessories. 

    Let’s look at what the Indian law says about seatbelts

    We all know that wearing a seatbelt is mandatory while sitting in a front seat. But did you know it's compulsory for rear seats too? In India, most cars have rear seats that face the front. As per Indian law, car manufacturers must provide seatbelts for all such seats too and passengers must buckle them up. Breaking this rule can attract a fine of Rs 1,000 for the passengers. However, the execution of the rule remains a concern.

    A 2019 report by SaveLIFE Foundation stated that not even 1% of Indians use rear seatbelts. What’s worse is that 23.9% of those surveyed did not even know about rear seatbelts. The study also revealed that 77% of the kids who travelled in the rear seat did not wear seatbelts.

    In February, the Ministry of Road Transport and Highways proposed that all front-facing seats must have a Y-shaped seat belt. The proposal included the rear-middle seat as well. 

    Debunking a few myths around seatbelt safety 

    Myth: In case of fire or drowning situations, seatbelts trap you inside the car  
    Fact: Two things to know here are—one, the chances of collision are way higher than a car catching fire or getting submerged in water. Two, there are very less chances of malfunctioning of the seatbelt release mechanism. The benefits outweigh the risks.  
    Myth: If your car has airbags, you may skip wearing seatbelts 
    Fact: As explained earlier, the two have very distinct roles and save you when used together. One without the other may prove useless.  
    Myth: Seatbelts are needed only on highways 
    Fact: Accidents can happen anywhere regardless of how short the distance or how slow you are driving. Always wear seatbelts.  
    Importance of Seatbelts

    General seatbelt guidelines to follow 

    • Children should be buckled in age and size-appropriate car seats.
    • Pregnant women should ensure that the lap belt is below the belly and not above or across their belly.
    • Others including senior citizens should ensure that they are comfortable with the belt on. Skipping wearing the seatbelt is not an option.

    In Conclusion 

    Irrespective of where you are sitting in the car, protecting yourself and others becomes easy when you follow the rules of safe driving.  

    ICICI Lombard urges you to make the #NeverSkipSeatbelt promise and choose to use seatbelt for all. 

  • Post Covid Travel Insurance Trends: A Survey by ICICI Lombard

    by Amit Moolya | Sep 15, 2022

    The pandemic has altered many of our behaviours, especially how we travel. With the COVID-19 lockdown extending for nearly a year, most travellers found their options limited, which has changed their outlook on travel. People are more careful with travel, but they want to travel.

    Now more than ever, travellers are researching their destinations before leaving and looking to the travel industry for directions. Where can they go? Is the current situation safe? Are the COVID protocols followed? In response, travel companies worldwide have found themselves emphasising cleaning protocols, allowing more flexibility in itineraries, waiving off cancelling/rescheduling fees, and keeping travellers updated on changing regulations. 

    To find out more, ICICI Lombard, a leading travel insurance provider in India, recently conducted a survey to understand the mindset changes regarding travel post the pandemic. The reports show notable differences in travelling behaviour across age groups, demographics, the reasons for travel and travel destinations.


    The survey also revealed that over half of respondents plan to travel post the pandemic, and over 94% will purchase travel insurance for their trip -giving rise to a new breed of 'safety-first' travellers.


    As travel continues to evolve, here are the broad travel trends that we'd possibly witness in the post-corona era:

    Most popular travel destinations post pandemic

    USA, Canada and Europe most sought-after international travel destinations by Indians post Omicron

    travel destination

    Older age groups are travelling closer to home as compared to youngsters

    Older age group prefer destinations closer to home

    Most common reason for travel post pandemic

    Travelling for business (1.2x) and medical (2x) reasons increased while dropped for education/ holiday trips

    Most common reasons for travel post pandemic

    Younger age group mostly travelling for education while older age group for holiday and business

    Younger age group mostly travelling for education

    Emergence of 'safety-first' travellers

    Indians become more self-conscious towards buying travel insurance

    Before the pandemic, even though the awareness of travel insurance policies was 76%, only 50% purchased a travel insurance policy unless not mandatory. 

    But this attitude has changed significantly since the outbreak of the virus. Today 90% of people are concerned about their health while travelling. This has increased the number of people purchasing travel insurance from 50% to 76%.

    Awareness on availing travel insurance policy on international trip:

    Pre-pandemic - 76%  
    Post pandemic - 90%

    More Indians buying travel insurance post pandemic

    Travel insurance purchase behaviour 

    Post pandemic, 64% - travellers consciously searched for a travel insurance before their international trip vs 54% - travellers in the pre pandemic years. Only 22% bought as it was “mandatory with flight ticket”.

    Travel insurance purchase behaviour

    Since travellers are now aware of the risk of not being covered, travel insurance becomes as essential and, in some cases, as necessary as having a valid passport. The demand for pandemic coverage has also led the insurance industry to create new products to meet those needs.

    Today an international travel insurance plan typically covers medical expenses for COVID-19, trip protection & baggage coverage, emergency medical care & evacuation. These policies also include coverage of trip interruption and delay coverage if the policyholder contracts COVID-19 while travelling.
    As people resume travelling again, armed with vaccinations and travel insurance policies, Covid coverage is the key reason for buying travel insurance for most respondents.

    Travel insurance as necessary as a valid passport

    Post covid, medical expenses including Covid coverage no.1 reason to buy travel insurance 

    Reasons to buy travel insurance

    In conclusion

    People's outlook while travelling abroad have changed significantly post the Covid-19 virus outbreak. The pandemic has driven travel insurance from a commodity to a necessity. Customers have intentionally started seeking out travel insurance to remain covered in case of any unfortunate events during their trip. Both awareness and adoption to opt for travel insurance has increased significantly post-pandemic.

    Covid coverage is the critical benefit travellers seek while looking for travel insurance – not just medical coverage but even for non-medical coverage such as hotel & trip extension. Post pandemic, the future of travel will include reassuring these ‘cautious’ travellers in many ways. Just as 9/11 changed air travel measures worldwide, the pandemic is making travellers more mindful of health & hygiene protocols during their trips abroad.

  • Pay Car Insurance Premiums Based on How You Drive and How Much You Drive

    by Almog Ramrajkar | Aug 30, 2022

    Gone are those days when you had to pay a fixed yearly premium for your motor insurance policy. You can now buy a policy that charges you a premium based on your vehicle usage or driving behavior.

    The Insurance Regulatory & Development Authority of India (IRDAI) has permitted general insurance companies in India to launch telematics-based motor insurance covers such as Pay as you drive and Pay how you drive, allowing vehicle owners to decide how much to pay on their insurance.

    By utilizing technology's ability to transmit accurate data on vehicle location and driving behavior, IRDAI's new rule is a welcomed move as it creates a win-win situation for both insured and insurers in India.

    What is Pay as you drive & Pay how you drive add-on covers?

    Unlike any other insurance policy in the market, these new policies are built to give you more control of your motor insurance costs. It allows you to prove you are a safe driver, and as a result, you can be rewarded with lower insurance prices on renewal. The lesser/ better one drives, the lower premium they will have to pay.

    These insurance add-ons also enable insurance companies to offer reduced average pricing, appeal to low-risk individuals, reduce claims management costs, and improve the overall customer experience.

    How do these add-ons work?

    This type of add-on works differently if you opt for a pay-as-you-drive or the driving behavior-based cover.

    Pay as you drive

    Pay As You Drive_2Pay-as-you-drive cover operates on the simple rule that you should pay less insurance price if you drive less. Since you are not out on the road often, you have a low accident risk, and your insurance bill should reflect the same.

    This type of insurance allows you to insure your car based on the kilometers you drive in a year. Depending on your driving needs, you can opt for a mileage plan between 3000 to 10,000 km/year. If you exceed the kilometers of your plan, you also have the option to top up your insurance coverage with more km for that particular policy year.

    According to a survey conducted by Feedback Consulting, 75% of Indian commuters travel less than 1,000 km a month (or roughly less than 35 km a day), and most people simply travel from home to office. The Pay-as-you-drive add-on guarantees policyholders do not have to pay a huge premium as per the make and model of the car but rather how much they use their vehicle

    Pay How You Drive_2

    Pay how you drive

    The premium for Pay how you drive cover is calculated based on how you drive your car while on the road. The better and safer you drive, the lesser you pay.

    The telematics device uses GPS technology to calculate your driving scores, vehicle health and other metrics to collect facts about your driving. This information collected is then used to calculate a driver score that is unique to you.

    If it's good, you could reduce your insurance premium at the time of renewal and get a thumbs up for safe driving. While there are no penalties yet for low driving scores, the premium discounts these drivers can avail of are also very low. Drivers can also use these scores to improve their driving and build better habits.

    Who should consider buying Pay how you drive cover?

    Many drivers may benefit from a behaviour-based telematics car insurance cover if they drive safely and avoid accidents. This cover especially makes sense for demographic groups that are charged above-average premiums, such as:


    Who should consider buying Pay as you drive cover?

    The pay-as-you-drive cover is a good fit for:

    Pay As You Drive_2

    How much can I save with Pay as you drive insurance?

    Since standard car insurance premiums depend on geography, make-model, and age of the vehicle and are not based on their usage, most car owners who opted for Pay as you drive policy saved on their premiums.

    Our experience with the Pay as you drive policy under the Sandbox regulation in 2020 also helped us learn that 56% of customers chose to Pay as you drive over conventional insurance due to its cost-effectiveness and usage-based premiums. In comparison, 22% bought this policy due to its telematics benefits.

    In Conclusion

    While PAYD & PHYD can help many save on their premiums, sometimes, you may not see a discount even if you are a good driver. If you commute to distant locations for work every day and drive above the average speed often, you're more suited for a standard insurance plan. 

    These add-ons are suitable for customers with multiple or expensive cars looking for a motor policy that gives them more control over how much they spend on insurance every year. 

  • All You Need to Know About the New Strain of Coronavirus

    by nikesh lakhani | Aug 24, 2022

    Experts say the mutant variant of coronavirus, which is believed to have originated from the UK, is even more infectious and dangerous.

    2020 was a tough year. The rapid spread of the novel coronavirus disrupted the lives of millions of people across the globe. While some lost loved ones to the disease, many had to face financial turmoil as they lost their jobs due to the global lockdown.

    However, just when the lockdown restrictions began to ease around the world, and everyone started believing the calamity is over, the Government of the United Kingdom (UK) announced that it had found a new strain or variant of the coronavirus. According to doctors and scientists, the mutant coronavirus variant is more contagious and even more dangerous than the original strain.

    Citing this new coronavirus's danger, the UK Government imposed the most stringent lockdown in the country from January 5. Now, the questions that arise are, "What are the symptoms of this new COVID variant?", "Does India need to worry?", "Are the current vaccines going to be effective?", etc.

    In this article, you will find information related to the new strain of coronavirus, including its symptoms, threats, associated dangers, and precautions you need to take. Read on.

    The new coronavirus strain: What is it?

    The new strain of the coronavirus was first identified in a man living in the south-east of England. The variant was named "VUI 202012/01" by the UK scientists. It includes a genetic mutation in the 'spike' protein, which is the reason for its highly contagious nature. According to researchers, this strain of the coronavirus has a minimum of 17 changes of mutation.

    How harmful is the new Covid strain?

    As per early reports, the coronavirus's new variant is highly contagious and can spread up to 70% faster than the original strain. In fact, in the UK, more than 60% of COVID patients are found to be infected with this new strain of coronavirus. What's more worrying is the fact that this variant is mostly infecting the people between 30 to 60 years of age.

    Keeping in mind the threat this Covid strain poses to the population, several countries have temporarily suspended UK citizens' arrival on their shores. Few cases of infections have also been reported from Denmark, South Africa, Netherlands, Australia, France, and Italy.

    What's the situation in India?

    The new variant of coronavirus has entered India as well. However, the spike in the number of cases isn't too alarming, and the situation is mostly under control. As per government data, the total number of people who have tested positive for the UK strain of coronavirus stood at 165 on January 28.

    Keeping in mind the safety of its citizens, the Indian Government has extended the temporary restrictions on the arrival of flights originating from the UK till February 14. Several states such as Maharashtra, West Bengal and Kerela have also taken various steps to control the spread of the mutant COVID-19 variant.

    What are the common infection symptoms?

    The Office of National Statistics (ONS) conducted a survey to identify the most common symptoms in new covid positive cases. According to the ONS reports, some of the new COVID variant's symptoms include cough, sore throat, muscle pain, joint pain and fatigue.

    The reports also suggested the differences between the new coronavirus strain symptoms compared to the old one. It pointed out that the people infected with the latest COVID-19 variant are less likely to experience the loss of smell and taste, which was a common symptom of the original strain.

    What are the precautions that you need to take?

    The precautions you need to take to avoid getting infected from the new coronavirus's new strain are no different. You should frequently wash your hands with soap or use hand sanitisers to keep your hands clean and germ-free. Also, you should always wear a mask and follow social distancing norms in public places.

    In case you experience any of the symptoms, consult a doctor immediately and get yourself tested for the infection. In case you're found to be positive, obey the existing isolation rules and abide by the restrictions till you recover completely.

    Will the current vaccines work against the new variant?

    As per the scientists, there is no evidence that the current vaccines, including the ones developed by Pfizer and BioNtech in the UK and Covaxin or Covishield in India, will be ineffective against the new coronavirus strain. In fact, a study by the Indian Council of Medical Research (ICMR) and the National Institute of Virology (NIV) has found that Bharat Biotech's Covaxin is entirely effective against the mutant variant.

  • Employer’s Group Health Insurance: Should You Include Your Parents?

    by nikesh lakhani | Aug 24, 2022

    Group health insurance plan along with individual health insurance provides adequate health coverage to your parents

    The depth of love your parents have for you can never be measured. They have always been your backbone but at a ripe age, health is probably the first companion that starts deserting them and may take away their hard-earned savings along with it. The exponential rise in treatment and medicine costs compounded with limited scope of income can ruin their ‘golden days’.

    The best gift you can provide to your aging parents is securing their healthcare expenses through a health insurance plan. You can buy a separate health insurance policy for your parents or you can include them in the Group Health Insurance (GHI) plan provided by your employer.

    What is a Group Health Insurance?

    Companies often provide group health insurance coverage to its employees and their family. The premium for this scheme is borne by the employer to create a loyal and motivated workforce. The employee may add his/her spouse, children and parents to this group health insurance plan.

    Since the risk is spread across the group, the premium for group health insurance plan are less than individual plans. The organization may design a self-insured plan or may select a pre-planned group insurance policy provided by general insurance companies.

    How is it Beneficial for My Parents?

    Separate health insurance plans for your parents at a ripe age may cost you much more since they are highly prone to illnesses. The best way is to include them in the group health insurance (GHI) plan provided by your employer. Here’s how it can benefit your parents:

    • They cannot be denied the health coverage on the basis of their medical history. No medical examination is required under GHI plan and the claim settlement is also smoother.
    • There is no waiting period for any disease and you can claim the health cover for your parents right from the first day.
    • Pre-existing diseases are not excluded from the health cover. So, if your parents are already diagnosed with certain ailments, they are also covered under the GHI plan.
    • You can even customize the GHI plan provided by the employer by adding a top-up to increase the coverage amount for your parents.
  • Need for Patients with Hypertension for Health Insurance

    by nikesh lakhani | Aug 24, 2022

    When Arun went to the doctor for his routine check-up, he was quite amused to know that his blood pressure was found higher than normal and he was diagnosed with hypertension. He recognized its high risk factors could lead to cardiovascular diseases and kidney failures, and therefore immediately decided to buy an individual health insurance plan for himself because he knew it can ruin his finances.

    High blood pressure or Hypertension is ranked as third most risk factor for attributable diseases in India. Research also shows that overall prevalence of hypertension in the country to be around 30%, with more than 320 lakh people being affected. Although you cannot control contracting the disease amid sedentary lifestyle and work pressure, you can always look to stay protected against hefty medical emergencies that could empty all your savings.

    Hypertension Can Prove Fatal

    Hypertension can arise due to several reasons and stress tops the list. Modern lifestyle and events from your personal or professional life can give rise to stress which leads to high blood pressure. It can cause many severe health conditions like heart attack, brain haemorrhage, kidney problems, etc. Even a slightly high blood pressure can lead to a stroke.

    The rising inflation in medical sector makes it really hard to take care of hefty medical bills for treatment of such diseases. People are also willing to switch to private hospitals in order to get quality treatment but incur very high expenses for doctor’s fees, medicines, diagnostic tests, and hospitalization charges etc.

  • What is Travel Insurance?

    by Almog Ramrajkar | Aug 05, 2022

    Traveling to new or unexplored places is both thrilling and expensive. Trips, especially those taken overseas, can be full of surprises—some pleasant while some could be nerve-wracking. This is why it is very important to secure your trip with travel insurance before you board that flight.

    Today, many insurance companies offer customized travel insurance plans to suit your specific needs. Here's what you need to know about them.

    About Travel Insurance

    Travel insurance helps you cover unpleasant situations that may arise on an international trip by compensating you financially for your losses. These include passport loss, flight cancellation/delay, hotel extensions due to lockdown, medical emergencies, Covid emergencies, and more.

    Different types of travel insurance

    Based on your travel frequency, the insurer provides you with an option to choose between single-trip and multi-trip insurance.

    · Single trip travel insurance

    A single trip policy is an international travel insurance policy that only covers one trip. The policy's coverage begins the day your flight takes off and ends when you return home from your trip.

    · Multi-trip travel insurance

    This type of international travel plan is suited for frequent travelers. The policy covers multiple journeys to the same or different destinations up to a certain number of days.

    Benefits of travel insurance

    A travel insurance policy offers numerous advantages. A few of them are detailed below:

    1. Coronavirus cover

    It is practically impossible to find a country that has been spared from the COVID-19 pandemic. In light of the pandemic, whether you are traveling domestically or internationally, the risk of contracting the virus is high. Travel insurance that covers medical emergencies including Covid will help you take the financial burden that may arise due to coronavirus infection.

    2. Baggage cover

    Another great benefit of travel insurance is baggage cover. Imagine paying for items that you had already packed in your bags, lost due to someone else's error. In such situations, travel insurance comes into the picture. Here's how:

    • If your luggage is misplaced or stolen, the policy will cover the cost of essentials such as toiletries, medicines, and clothing.

    · In the event of delayed baggage, travel policies usually cover the costs of necessities until your luggage is returned.

    3. Medical cover

    Medical coverage in a travel insurance policy has a broad definition. Let's start with the most crucial thing first. If you are travelling outside of India, then your active medical insurance policy will be useless in case you fall sick. Why? Because most health insurance policies cover the cost of medical treatment only if it is taken within the country.

    Now let's talk about the situations covered by your travel insurance.

    If you meet with an accident or become ill due to a change in weather conditions on your trip abroad, the travel policy will cover the cost of the immediate treatment.

    • Travel insurance also pays for emergency medical evacuation if your medical condition requires long-term therapy and local doctors recommend treatment in your home country.

    · If you become unwell and are admitted to the hospital, the insurer will cover the cost of the compassionate visit. Make sure you check the clauses related to this point with the insurer before purchasing the policy.

  • Is Travel Insurance Compulsory For Travelling Abroad?

    by Almog Ramrajkar | Aug 05, 2022

    If you're traveling abroad after the pandemic, it is best not to overlook the need for travel insurance. Some travelers believe that travel insurance is optional, but in fact, almost 34 countries need travelers to purchase travel insurance before entering their territories.

    Owning travel insurance on your international trip, avoid difficult situations due to passport loss, flight cancellations, lockdowns, medical emergencies, baggage loss, etc.

    Few countries where travel insurance is mandatory:

    • Cuba
    • The United States of America (USA)
    • The United Arab of Emirates (UAE)
    • Turkey
    • Russia
    • Qatar
    • Antarctica
    • Ecuador (including Galapagos Islands)
    • Schengen countries (a group of 26 central European countries)

    Top benefits of purchasing travel insurance when traveling abroad:

    • Medical Assistance

    The health benefit aspect of travel insurance is one of the key reasons it is essential for foreign trips. Medical emergencies are unforeseeable. If you don't plan for it beforehand, you can face financial turmoil. Travel insurance covers hospitalization and pharmacy bills. The policy further helps you if you are diagnosed with COVID-19 while on a trip. Travel insurance also covers prolonged international stays due to unavoidable circumstances.

  • How to Find Travel Insurance For Parents?

    by Almog Ramrajkar | Aug 05, 2022

    Given the threat COVID-19 poses for the older age groups, you must take all precautions to safeguard your parents from any unpleasant conditions that could arise on their trip abroad. Here are the things to keep in mind while purchasing international travel insurance for your parent’s trip:

    1. Check the list of coverage

    There are various travel insurance products available in the market. Before you purchase travel insurance for your parents, thoroughly check the list of policy inclusions. Most importantly, check the maximum entry age with the insurer. Typically, travel insurance covers the following:

    • Flight and/or hotel reservation cancellation:

    If your parents wish to cancel or postpone their planned trip due to a medical condition, travel insurance will compensate for the losses incurred on the flight & hotel reservation.

    • Trip cancellation:

    Travel insurance also covers trip cancellation due to the sudden demise of a close family member.

    • Trip extension:

    As the world is still battling the COVID-19 pandemic, the possibility of a sudden lockdown at your destination is high. With travel insurance, the insurer assists you with policy extension in case you are stranded at your travel location.

    • Medical coverage including COVID 19:

    A travel insurance policy covers the expense of treatment if your father, mother, or both are diagnosed with COVID-19 during their trip abroad.

    2. Check for medical coverage

    Most health insurance policies are worthless if your parents fall ill and seek medical care outside India. Therefore, it's crucial to check with the insurer the scope of medical coverage included in the travel insurance. You must also read the policy's fine print to understand if there are any hidden clauses.

  • Does Travel Insurance Cover Illness Due to Covid-19?

    by Almog Ramrajkar | Aug 05, 2022

    Yes, travel insurance these days does cover health emergencies due to coronavirus. Since the outbreak of the COVID-19 pandemic, many insurers have started including COVID-19 coverage in their travel insurance policies. If you are wondering what is exactly covered as part of the coronavirus cover, this article is for you. Keep reading.

    1 . Medical treatment

     Because of how the virus has spread, one can't avoid the fact that they're always at risk of contracting the disease. The situation gets significantly worse if you develop COVID-19 while travelling abroad. The high cost of healthcare facilities and services worldwide can often be a source of anxiety for many travellers. However, with travel insurance, you need not worry about the COVID-19 treatment costs.

    2. Unexpected lockdowns

    Given the current situation, it is too early to say whether or not a lockdown will be implemented in the future. However, consider a case where you'd be left stranded on vacation abroad because the country declared a nationwide lockdown due to COVID-19. Under such circumstances, flight delays or cancellations are significantly risky. A travel insurance policy covers your trip extension and any losses incurred due to flight cancellation. 

  • Difference Between Premium Petrol And Normal Petrol

    by Almog Ramrajkar | Jul 05, 2022

    What is Premium Petrol

    Mostly the people who drive for the very first time generally get into the dilemma of choosing a particular petrol type when they arrive at a gas station. They get in a confusion, whether to choose normal or premium petrol. Comparing the prices of both types, anyone could figure out that premium petrol is a higher grade of petrol, but no one realises what extra factors give each petrol type its own character and associated results. Premium petrol has its own properties and varies in cost according to brands and specifications. Certain vehicle engines require high graded petrol. The vehicle owners should be careful in such cases, because nowadays there are lot of scams happening at gas stations where they cheat the customers by filling up normal petrol while saying that it is premium type. For engines designed to run on premium petrol, this could eventually cause severe malfunction. To cover the repairing expenses arising out of such instances, vehicle owners are recommended to keep their vehicle insurance handy. Buy the best two wheeler or four-wheeler insurance to protect your vehicle from such liabilities.

    Premium petrol

    Petrol contains a chemical component called octane. Premium type petrol has a higher rate of octane component in it. The measure of octane contained inside the fuel decides how well it will function in higher-pressure motors – high octane fuel works more successfully than lower-rated fuels. The standard rating for oil in the UK is 95 octanes, and each vehicle sold in the UK has its hardware tuned so it can run appropriately on this fuel. Premium fuel is more expensive than standard due to its higher rate of octane. The benefits of this increased octane rating include lower fuel consumption as well as better engine protection and performance.

  • Is Insurance Cover Applicable When A Friend Crashes Your Car?

    by tanvi staging | Jul 05, 2022

    It is important to understand your car insurance policy and how it works when another driver crashes your car

    One fine morning Mr. Bose called his close friend, Devyani and tells her that his car has gone for maintenance service, but he has some important errands line up for the day. Devyani happily obliged him when he asked to lend her car for the day. Hours later, he called her again to inform that he has met with an accident.

    You can find yourself in Devyani’s shoes at some point in your life. You might be wondering if your car insurance cover is still applicable when your friend crashes your car. At such a juncture, several questions can make you anxious.

    • Can I claim the insurance on my damaged car?
    • Is my friend covered under the insurance plan?
    • Who will pay for the compensation amount against the damages?

    Do Car Insurance Policy Cover Other Drivers?

    You might be scratching your head on the above question. The good news is that mostly other drivers are covered under car insurance. ‘Permissive Drive’ rules are applicable in such instances. The driver should be driving your car with your consent along with a valid driving license.

    According to Indian motor tariff, anyone can drive your car under the permitted laws. Hence, don’t worry before lending your car to your friends or family members. You can make a claim with your motor insurance company even when your friend crashes the car.

    Who Will Pay The Compensation Amount?

    If your friend borrows your car and he/she meets with an accident damaging it, normally, your insurer will pay the compensation amount under ‘collision coverage’, and you will have to pay the deductible. If your friend is also injured while driving, your insurance may pay for the driver under ‘liability coverage’ unless he/she is excluded by the policy.

  • Top 5 Cars for Long Distance Journeys in India

    by Almog Ramrajkar | Jul 05, 2022

    5 Most Comfortable Cars for Long Distance Journeys

    Long-distance and off-road journeys can become a nightmare if the conveyance is uncomfortable and nothing is as painful as the spoilt memories of a wrecked trip. A good car comes to the rescue in such a case.  Cars in India are still considered a status symbol for the owner and it is extremely important to wisely choose a car according to the requirements, equipped with good features ensuring the safety of the travelers and great performance. Several new features have been introduced lately like electric sunroof, LED headlamps, multi-info display, power steering, advanced infotainment system, etc. A comfortable and spacious vehicle is a pre-requisite for a long journey. Here you can find the curated list of top 5 cars suitable for such memorable trips with family, friends or solo ones too:

    Maruti Suzuki Ciaz

    With great comfort, more space, and fuel-efficiency, Ciaz is a luxurious car from Maruti Suzuki. It provides excellent mileage of around 20.28 kmpl. Available in two variants, diesel and petrol, overall performance is exceptional for both. It comes with child safety, dual airbags, co-passenger seat belt reminder and much more. The boot space won't be an issue as there is a capacity of 510 litres i.e. one can easily store 2-4 medium-sized bags. It offers eight beautiful colors to choose from. With its capacity of staying in triple-digit speed all day long, it can be called the best car in India within 10 Lakhs.

    Ex-Showroom Price Starts From INR 8.19 Lakhs

    Honda City

    Honda City is not only the most elegant looking car but also one of the best sedan cars in India below 10 Lakhs. It comes with automatic or manual transmission options and is available with 1.5-litre diesel or petrol engine. The car offers V, SV, ZX, VX variants and ZX variant includes 6 airbags that ensure the safety of the travelers. It has an electric sunroof, which is generally absent in most of the car models. Several other features like paddle shifters, LED headlamps are also present which helps this model to stand out from others.

    Ex-Showroom Price Starts From INR 8.77 Lakhs

  • 10 Bike Riding Hacks that Every Rider Should Know

    by Almog Ramrajkar | Jul 05, 2022

    10 Bike Hacks that Every Rider Should Know

    Riding efficiency offered by motorcycles make them the undisputed leaders of Indian roads. They are not only convenient and fun to use, but also are fuel-efficient. This makes them an ideal substitute for public vehicles and other modes of personal transport.

    But with great convenience comes greater risk. It is essential to be cautious while using a bike. Your ride must be as safe as your bike’s efficiency. Having bike insurance will secure you and your bike from any losses occurring due any accidents. Here are some quick bike hacks to take care of your bike and ensure safety while using it:

    1. Keep the right accessory set handy

    One of the top bike riding hacks is to keep all the essential accessories handy. It will not only ensure safety but also improve the bike riding experience. Gearing up with the right clothing is equally essential as carrying additional accessories. For instance, when out on a long ride, riding a two-wheeler in t-shirts, shorts and sandals can be uncomfortable as well as unsafe.

    You may thus want to switch to clothing options such as reinforced jackets, leathers, boots and pants. Essential accessories can include glasses for open-faced helmets, gloves, and the right helmets to go with for the highest safety reinforcements.

    2. Continue bike ride in your comfort zone

    Bikers, especially those who have purchased new two-wheelers, often choose to experiment with their riding styles and take unchartered routes. However, an unfamiliar riding route that is out of your comfort zone comes with a set of risks such as skids and badly-timed brakes. If not cautious, these can lead to unfortunate accidents.

    Similarly, riding a bike on new routes with unknown bends and turns poses a high degree of risk to the rider as well as the two-wheeler. For example, going for off-road trips with your bike where the riding surface is uneven can result in dysfunctional shock absorbers, loosened brake systems etc. Thus, one of the important bike hacks is to use your bike in familiar territories within your comfort zones only.

    3. Inspect before gearing up for your ride

    Giving your bike a quick inspection before taking it for a ride can prove to be a life-saver. For instance, checking tyre pressure, mirror placements, and light focus before the ride can help you drive safely on dark roads, uneven surfaces and busy routes.

    Going for a quick inspection can also reveal minute misplacements such as loosened bolts, fuel leaks, or any other mechanical hazard that can bear high risks. Staying diligent regarding timely vehicular care and maintenance can prove to be another great bike riding hack that can nip any riding risks in the bud.

    4. Combine manual cognizance with mirror check

    When riding two-wheelers, we often rely heavily on mirrors to track surrounding traffic. While side mirrors lend essential insight for improved safety during a ride, it is also equally prudent to manually check for nearby vehicles, especially at the road bends. In such situations, mirror views are often limited with defined easy-to-miss blind spots.

    5. Be cautious of steep road curves while riding

    One of the trickiest bike riding experiences is to tread through sharp turns since steep road curves can be risky if not navigated discreetly. Extra care is needed when the roads are not clear and could have loose gravel or potholes. The most prudent bike riding decision would be to read such road conditions well and drive slow while driving through road bends.

  • IRDAI Rules for Your Two-Wheeler Insurance Policy

    by Almog Ramrajkar | Jul 05, 2022

    Everything You Need to Know About IRDAI Rules for Two-Wheeler Insurance Policies

    In India, all insurance companies are bound to follow the rules and regulations set by the Insurance Regulatory and Development Authority of India (IRDAI). These rules and regulations aim to keep the relationship between the insurance provider and the policyholder as smooth as possible. The IRDAI rules vary depending on the type of two-wheeler insurance policy. The rules for various types of insurance coverage are as follows:

    The IRDAI rules for a third-party liability two-wheeler insurance policy

    IRDAI has set certain rules and regulations regarding third-party liability two-wheeler insurance. It provides coverage under certain circumstances that are given below.

    • If the insured bike causes death or injury to the third party, the insurer will compensate the third party. 
    • The compensation amount will be determined by the court based on the severity of the third-party injury.
    • The cost of damage to a third-party property will be covered by the insurer. The court will decide the amount of compensation based on the extent of loss.


  • Top Terms You Should Know Before Buying Health Insurance

    by Almog Ramrajkar | Jul 05, 2022

    Important terms you should know before purchasing a health insurance

    As the world is still reeling under the COVID-19 pandemic and is struggling to attain normalcy, health insurance has become even more significant in ensuring peace of mind. Health insurance provides a cover of assurance that you will be taken care of in the face of a medical crisis. Healthcare, today, is very expensive and a little something can cost you lakhs of rupees in the name of quality treatment and hospitalization costs. However, just getting any health insurance is not enough, what you need is the right cover that meets your needs without going over your budget. Here are some things to know before buying health insurance, including the important health insurance terms and conditions, to help you make an informed decision.

    Health insurance conditions

    Most insurance companies have their own set of conditions laid out for policy seekers. You must meet these conditions to be able to enjoy the policy benefits. Some of them are:

    - Pre-policy health checks:

    • At times, health insurance companies ask you to undergo several pre-policy health checks at their cost. These health checks help them assess your health risk profile so that they can offer a policy that best suits your needs. As an added advantage, you also get to know if there is something to look out for in terms of your health conditions.

    - Waiting period:

    The waiting period is a very important aspect of c. When you buy a health insurance plan, in the first month, the insurance companies only cover an accidental injury. This is considered a cooling-off period in which the insurance company can check if some problem might not have been missed in the health checks.

    - Deductibles:

    Deductibles are very important in terms of health insurance conditions. Deductibles are meant to help insurance companies while preventing misuse of medical insurance policies through frivolous claims. A deductible is the percentage amount of your medical bills that you are required to pay out of your pocket—generally 15% or 20% of the total bill amount as well as non-medical and administrative expenses. One good thing about deductibles is that for people who lead a healthy lifestyle and are at low risk, adding a higher voluntary deductible helps in bagging a higher discount on policy premiums.

  • Bills and Receipts that Reduce your Tax Liability

    by tanvi staging | Jul 04, 2022

    Bills and receipts, which you thought had little value, can help you save tax

    There are several ways to reduce the income tax payable, and out of these, most are unknown to us or often forgotten. Invoices and receipts of various expenses are examples of such commonplace items that can help reduce your tax liability.

    Here are 8 invoice-related tax deductions in accordance with The Income Tax (IT) Act 1961, which you can claim to save more this year:

    1. Children's Tuition Fee Receipt

    Any tuition fee paid by you for the education of your children (maximum 2) is allowed for deduction under Section 80C. This payment can be to any recognized school, college, university or other educational institution situated within India for the purpose of full-time education of your children. It also includes payments for playschool, pre-nursery and nursery.

    2. Medical Insurance Premium Receipt

    Payment of medical insurance premium for yourself, your spouse and dependent children qualifies for tax deduction under Section 80D. Likewise, payment of medical or health insurance premium for your parents, whether dependent or not, qualifies as a deduction under this section.

    3. Bills for Preventive Health Checkups

    If you have not yet exhausted your deduction limit under Section 80D and you have a bill for a preventive health checkup, you can claim this bill and get a maximum of Rs. 5,000 as a deduction. This deduction is included within the overall limit of Rs. 25,000 of Section 80D (Rs. 30,000 in case of senior citizens) for the financial year 2014-15.

    4. Meal Coupons and Hotel Bills

    If your company issues meal coupons (like Sodexho) as a perquisite, you can make your meal expenses tax-free under Section 17. Meal expenses are not taxable up to Rs. 2,600 per month. If you are a business owner, you can save tax by indicating all meal expenses incurred as a part of your business – for example lunch or dinner meetings with various stakeholders of your business – as business expenses.

  • Covishield or Covaxin: Which is the Better Covid-19 Vaccine?

    by Almog Ramrajkar | Jul 04, 2022

    Covishield vs Covaxin: Which Vaccine is Better in India

    The ongoing COVID-19 pandemic has changed the way we live. The new normal includes wearing masks, sanitisers, social distancing, restricted movement, work from home, online shopping and more. Another important aspect of this new normal is getting vaccinated against COVID-19 and get covered with good health insurance. While doctors believe that getting the covid vaccine may not be enough in avoiding infection, but it can certainly contain the severity of the condition. In India, the two most popular options for COVID-19 vaccines are—Covaxin and Covishield. Are you finding it difficult to choose one?


    Made by Bharat Biotech, a Hyderabad-based biotechnology company, Covaxin is the first Indian vaccine against the COVID-19 causing coronavirus. It is made from an inactivated virus; the virus was killed before incorporating it into the vaccine. When introduced to a healthy human body, the inactivated virus triggers an immune response, developing antibodies to fight it. These antibodies prove useful in preventing a severe case of COVID-19 when the person is exposed to live coronavirus. The vaccine, stored between 2 to 8 degrees Celsius, is taken in two doses with a gap of four to six weeks between the two shots.

    The common side effects of Covaxin include fever, nausea, headache, pain and swelling at the site of injection, muscle ache and even fatigue in some cases.


    Covishield was developed by Oxford-AstraZeneca and its Indian variant is manufactured by Serum Institute of India (SII), Pune. While Covaxin is made using an inactivated coronavirus, Covishield is made from a viral vector obtained from a different virus usually found in Chimpanzees. The viral vector is modified to imitate the novel coronavirus. Covishield can be stored for up to six months at a temperature of 2 to 8 degrees Celsius. This too is taken in two doses at a gap of 6 to 8 weeks. Moreover, Covishield is claimed to develop more antibodies in the human body, thus needing a longer time gap between the two shots.

    Covishield’s side effects are more or less the same as Covaxin and include pain and tenderness at the injection site, fever, nausea and weakness.

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