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Insurance and its Types

General Insurance- Insurance in India is a mandatory thing everyone should opt for. Bharti AXA offers Online General Insurance Policies for Car, Two Wheeler, Travel, Health Insurance and more.

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Insurance and its Types

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  1. Insurance- And It’s Types

  2. Insurance- And its types • What is Insurance? • An insurance is a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium provided by a company. Insurance for vehicles may it be two wheeler or car or a truck is made mandatory by the government under Road and Traffic Act. • What are the Various types of Insurance? • There are many type of insurance which helps you to cover various properties: • Health Insurance • Travel Insurance • Car Insurance • Two Wheeler Insurance

  3. Health Insurance • Health insurance helps you to cover yourself and your family at affordable premiums. •  It includes insurance for losses from accident, medical expense, disability, or accidental death and disability. • A premium which is decided by both parties has to be paid, for which you can get a insurance for a said amount. • There are various types of health insurance which can be taken for an individual or for family in combine. • Hospitalization Plans • Hospital Daily Cash Benefit Plans • Critical Illness Plans

  4. Travel Insurance • Whether you are flying abroad for a holiday or going for a domestic tour securing your trip with travel insurance is a must. • Travel insurance helps you to claim loss of baggage/passport, cancellation of trips, medical emergencies, and accidents. • You can buy a travel insurance at the time of booking your tickets. Most companies provide travel insurance at the time of booking which provides cover for your trip duration. • Travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip • You can buy single trip and multi trip travel insurance.

  5. Car Insurance • A Car Insurance helps you to protect your car against loss or theft of car. • It helps you to claim damage for bodily injury resulting from traffic collisions. • It is necessary to have third party liability which covers injury/death of third party property or person. Its covers the damage or injury to third persons property or person. • Comprehensive insurance is another insurance type which covers losses/damages to you and your car in addition to protecting you against third-party liabilities. 

  6. Two Wheeler Insurance • Two Wheeler Insurance helps you to cover damage caused to your bike or two wheeler due to loss/ theft or any accidental damage. • Similar to Car Insurance Two Wheeler Insurance also has to have a third party liability that covers the death, physical injuries, or any damage to the property of the third party. • Comprehensive policy helps you cover losses/damages to you and your bike as well as protects you against third-party liabilities. • Hence it is necessary to buy a insurance to claim the damage and to save money on the cost incurred to cover the damages.

  7. Thank You

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