Term Insurance Policy: Term insurance is actually your family’s financial safety net. A large cover is available at a low premium and in case of any untoward incident, the family gets a lump sum amount so that responsibilities like household expenses, children’s education and loans can be taken care of. Along with safety, tax benefits are also available in this. Due to which this plan becomes more economical. Now if we talk about age.

So 30 years is considered the best time to start this plan. Responsibilities are increasing in this period. But the health profile generally remains strong. Therefore the premium comes less. The direct advantage of taking the policy early is that the cover is locked in at a lower rate for a longer period. Know how much premium you will have to pay for term insurance at this age.

How much cover is required according to salary?

Financial experts generally recommend that term insurance cover should be at least 10 to 15 times your annual income. If your annual salary is Rs 6 lakh. So a cover of around Rs 60 to 90 lakh can provide basic security. For those earning Rs 10 lakh annually, a cover of Rs 1 crore to Rs 1.5 crore can be a sensible option.

This amount should be decided keeping in mind the family’s expenses, loan and future needs. If you take a cover of Rs 1 crore at the age of 30, the annual premium can be around Rs 8 thousand to Rs 15 thousand. Provided that health is normal and there is no smoking habit. This premium may be higher for smokers.

What factors decide the premium?

Term insurance premium is not decided by salary alone. Your age, medical history, family health records, job profile and lifestyle also play an important role. If you are fit at the age of 30 and do not have any serious illness, then companies offer lower rates. Policy term also matters. If you choose cover up to 60 years, the premium will be less.

Whereas the amount can increase if the tenure is taken up to 70 or 75 years. Apart from this, monthly, quarterly or yearly payment mode also affects the premium. The premium is often slightly lower when taking an online policy. Because agent commission is not added in between. Choosing a policy by making the right comparison can make a big difference in the long run.

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Car insurance rules: The delivery day of the new car is special for every customer. But if there is an accident during this time, then the problem increases equally. During this time, the biggest question arises that in such a situation, who will compensate for the loss and whether insurance will work immediately? Or you will have to invest money from pockets.

Recently, a similar incident occurred in construction Vihar in Delhi when the car fell down from the first floor at the time of delivery of a new Mahindra Thar. For this reason, this question is arising in the minds of the people that if it takes out the car from the showroom, it becomes an accident. So who will compensate him in such a situation? Know what are the rules about this.

Who will make up in such a case?

If a person comes out of the showroom with a new car and immediately gets an accident. So first the question arises as to who will compensate. According to the law, as soon as the delivery of the vehicle is complete, the customer gets RC, insurance and key. So the responsibility comes on that. If the insurance of the vehicle is active at that time, then the insurance company compensates the loss and the customer can file a claim.

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But if registration and insurance documents are not ready and delivery is incomplete. So responsibility is made of a showroom or dealer. This is the reason that dealers usually insure the vehicle before delivery. So that in such a situation the customer does not have to face trouble.

How to get claim?

The insurance of the new car is mostly activated before the showroom delivery. Therefore, if the accident occurs as soon as you leave the showroom, then the claim is available. For this, the most important thing is to give information about the accident to the insurance company immediately. If needed, a police report has to be done and along with the pictures of the car loss and the necessary papers.

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The insurance company sends surveyor which assesses damage and then the claim process begins. During this time, if you provide all the documents and correct information on time, then the claim is easily approved. This is the reason that remaining insurance active before delivery proves to be very beneficial for the customer.

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Car insurance tips: Yesterday in Delhi-NCR, the sudden revenge of the weather became a problem for the people. The strong thunderstorm and strong rains in the evening disturbed life. In many places trees were uprooted, electric poles fell. Traffic system collapsed in many cities. The movement of trains became difficult due to filling water on the roads. Many vehicles were damaged due to strong winds and falling trees.

The vehicles which were standing in the open were very damaged. Some glass broke, and body damaged somewhere. In such a situation, it is bound to raise the question in the minds of many people whether insurance is found in the loss caused by the storm or not? Let us tell you that if the car is damaged due to storm, rain or natural disaster. So whether an insurance can be claimed or not. Learn what its rules are.

Will the car damage due to rain storm?

Third party insurance has been implemented for all vehicles in India. Third party insurance benefits only when you join a road accident. In such a situation, third party insurance does not allow financial burden on you and also protects you from legal liability. In this, you do not get any benefit directly. But your loss is saved.

https://www.youtube.com/watch?v=q5oktvytmgi

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But if your car is harmed by rain and storm. Then in such a situation, you do not get anything in third party insurance. Because this insurance is only useful at the time of accident. If you need a claim in damage caused by natural disaster like rain storm. Then the car will have to be insured separately.

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Insurance will be available in Comprehension Policy

If you want to compensate for the damage caused by rain and storm. So you have to take a composite insurance policy. If you have taken a composite insurance policy. So only you can claim such problems. Let us tell you that in the compressive insurance policy, you get insurance on the loss due to natural disasters due to bad weather.

In this, you can also claim the loss of fire, floods and the loss of the theft of the car. Let me tell you if you have taken the engine protection add on cover. So you can claim the engine damage.

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Insurance rules for death in Attack: For the last few days, the situation between India and Pakistan has remained very tense. In response to the terrorist attack in Pahalgam, the Indian armed forces blew 9 terrorist bases in Pakistan and Pakistan Occupied Kashmir. After this, Pakistan attacked the states adjacent to the border with drones and missiles.

In which not only military structures but also civilians were attacked. In which many people lost their lives. Now in such a situation, the question is coming in the minds of many people if a person dies in the attack of Pakistan. So even then he will get the insurance amount. Let us tell you what are the rules.

Will insurance money be given in case of death in attack?

While taking insurance, people should first read the entire policy. And all the rules fixed in the policy should be known correctly. Let us tell you that according to the Insurance Regulatory and Development Authority i.e. IRDA, life insurance policy is also done in an attack like terrorism. That is, if a person dies in an attack on behalf of Pakistan, then he is entitled to the insurance amount.

https://www.youtube.com/watch?v=Jh7vp4Z31vo

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Let us tell you that at this time many insurance companies have also come up with terrorism insurance policy. Which are made only for such attacks. But let us tell you that a separate accident cover is found in general insurance. But death occurs in a terrorist attack. So that additional cover is not available, only normal insurance money is available.

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Essential insurance for these things also

Not only this, in the terrorist attack, people as well as houses and vehicles are also damaged. Many people do not get them insured. In such a situation, if a terrorist attack takes place. In which their house and vehicle are damaged. Then there can be loss in such a situation. Therefore, if you also insure these things. In such a situation, if the house and vehicle are damaged in the terrorist attack. Then you can claim and take money.

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