Sunday, June 1, 2008
Insurance
The insurance is a word that is heard everywhere. It not only protects your body but other things also. Technorati Profile
Friday, May 23, 2008
Household insurance scheme
A person invests his hard earned money in buying a home. But when that house gets damaged by any reason then it’s a great loss for him. To protect your home from any such damage you can take insurance policy. Household Insurance protects your home and its belongings from any financial loss in case of any mishaps. If you have this insurance then it frees you from all the tensions and provide you with compensation amount. You do not have to worry about of getting homeless after any disaster. The disaster could be natural or due to any accident. If your house is insured then you need not to worry at all. This is true that no one can avoid natural disaster. Nothing is anyone's hands. Whatever has to happen will happen. No one can stop that. But atleast you can protect your property against these risks. So that you won't have to repent later on.
In household Insurance not only ones’ personal property is insured but his and his dependents life is also covered. The other components of your home like, doors, windows etc. also get covered under Household Insurance. If you are taking this policy then your spouse automatically gets covered in the policy even though his name not mentioned in the policy.
There are two types of Household policies. One is which provides the actual cost of the property and the other which offers only replacement cost of the insured property. But if it is not mentioned that it is for replacement then coverage is considered at the whole value of the property.
Steps to be taken while taking the policy
(1) Write down the serial number and price values of all the electronic items in your home which can be used for quick reference at the time when needed
(2) Make a list of all the items in your house. The list should be preserved and not easy to damage. The details like quantity, cost, dates etc. should be kept.
(3) While doing work on any new things like door, window, pool, furniture etc. name them also in the list. So that you can get the insured amount even if they get damaged while on the progress.
(4) Do not stick to a company. Verify the policy amount, benefits, quotations from different insurance companies. After seeing many insurance companies then do arrive at a conclusion. After all it’s a matter of your dream house. Why to compromise with it’s saftery?
In household Insurance not only ones’ personal property is insured but his and his dependents life is also covered. The other components of your home like, doors, windows etc. also get covered under Household Insurance. If you are taking this policy then your spouse automatically gets covered in the policy even though his name not mentioned in the policy.
There are two types of Household policies. One is which provides the actual cost of the property and the other which offers only replacement cost of the insured property. But if it is not mentioned that it is for replacement then coverage is considered at the whole value of the property.
Steps to be taken while taking the policy
(1) Write down the serial number and price values of all the electronic items in your home which can be used for quick reference at the time when needed
(2) Make a list of all the items in your house. The list should be preserved and not easy to damage. The details like quantity, cost, dates etc. should be kept.
(3) While doing work on any new things like door, window, pool, furniture etc. name them also in the list. So that you can get the insured amount even if they get damaged while on the progress.
(4) Do not stick to a company. Verify the policy amount, benefits, quotations from different insurance companies. After seeing many insurance companies then do arrive at a conclusion. After all it’s a matter of your dream house. Why to compromise with it’s saftery?
Thursday, May 22, 2008
House Insurance against natural disaster
Insurance is a protection that a person can get against his or someone else’s life through natural disaster or mishappening. Adversity never comes alone. Natural calamity can also arrive any time. In natural calamity earthquake is counted as the most severe thing that can happen. It happens without any warning and can take many people’s lives. It shakes the whole area where it occurs including schools, houses, hospitals, labs etc. It can kill many lives.
The recent earthquake that occurred in China has taken many lives. The toll rose to a very high. Many people have become homeless. The earthquake leaves
Behind destruction, sorrow, death. The sky touching buildings falls in a second just like nothing. A person who builds a house from his hard earned savings of his life looses in no time during earth quake. That house is nowhere on earth. It has vanished somewhere.
During such time the insurance policy comes into mind. A person starts thinking, had he done the insurance he would have some money for the house he has lost on account of the insurance scheme. Insurance companies offer the comprehensive Householders policy to help fight against this natural calamity.
In India one such biggest earthquake came in Bhuj of Rajasthan. It had shaken the whole bhuj in few seconds. With time these wounds may heal but have left many questions in front of the survivors. So it is advisable to get your property insured along with your life. People often do not give importance to the insurance of their house. If your house is insured against natural calamity then can get money fro insurance company. Not only earth quake, insurance money can help you in case of fire, or other damage.
The recent earthquake that occurred in China has taken many lives. The toll rose to a very high. Many people have become homeless. The earthquake leaves
Behind destruction, sorrow, death. The sky touching buildings falls in a second just like nothing. A person who builds a house from his hard earned savings of his life looses in no time during earth quake. That house is nowhere on earth. It has vanished somewhere.
During such time the insurance policy comes into mind. A person starts thinking, had he done the insurance he would have some money for the house he has lost on account of the insurance scheme. Insurance companies offer the comprehensive Householders policy to help fight against this natural calamity.
In India one such biggest earthquake came in Bhuj of Rajasthan. It had shaken the whole bhuj in few seconds. With time these wounds may heal but have left many questions in front of the survivors. So it is advisable to get your property insured along with your life. People often do not give importance to the insurance of their house. If your house is insured against natural calamity then can get money fro insurance company. Not only earth quake, insurance money can help you in case of fire, or other damage.
Friday, May 16, 2008
What went Wrong??
I was going through an article published in a Newspaper. The article was written on the insurance company. How they change the policies and at the time of the maturity of the policies they just deny their words. While talking the policy they show so many promises, results to their customers.
The case was of a Mumbai based Mr. BL.K Shah. He himself is a medical practitioner. He had taken a mediclaim policy from a bank. At the time of its renewal he went to the New India Assurance Company in October. The age of Shah at that time was 73 but the papers at the office were showing that 74. He objected also but no one listened to him. He was told that they had introduced a ‘running age’ concept. Due to this he had to pay extra loading charges of Rs 700/-. In his words “With this additional amount my renewal premium rose to a total of Rs 23, 052 last year from Rs 11, 053 in 2006.” After further investigation the CMD at the New India Assurance Company, told that the company ha shifted to this structure since August 16, 2007. The RTI document, assured that as and when the policy was due for renewal, policyholders would be intimidated along wit premium calculation. But in this case Shah did not receive any such intimidation. This is a clear case of negligence.
Shah has approached many offices of the company but all in vein. The case has put a question in front of all investors and policy holders that the money which they invest for their bad time or future is same or not? Will they get the fruitful results that have been assured from the company or not. This is a question which can revolve round in one’s mind and need to be answered.
The case was of a Mumbai based Mr. BL.K Shah. He himself is a medical practitioner. He had taken a mediclaim policy from a bank. At the time of its renewal he went to the New India Assurance Company in October. The age of Shah at that time was 73 but the papers at the office were showing that 74. He objected also but no one listened to him. He was told that they had introduced a ‘running age’ concept. Due to this he had to pay extra loading charges of Rs 700/-. In his words “With this additional amount my renewal premium rose to a total of Rs 23, 052 last year from Rs 11, 053 in 2006.” After further investigation the CMD at the New India Assurance Company, told that the company ha shifted to this structure since August 16, 2007. The RTI document, assured that as and when the policy was due for renewal, policyholders would be intimidated along wit premium calculation. But in this case Shah did not receive any such intimidation. This is a clear case of negligence.
Shah has approached many offices of the company but all in vein. The case has put a question in front of all investors and policy holders that the money which they invest for their bad time or future is same or not? Will they get the fruitful results that have been assured from the company or not. This is a question which can revolve round in one’s mind and need to be answered.
Friday, April 11, 2008
Insurance for all
Insurance is a thing which makes you or your commodity secured. The insurance can be of a person, car, house. or anything. Today many options are avaiable for one towards insuranmce
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