Let our experts simplify your policy — whether you’re buying new or reviewing old.

NCB is a reward you get for not making any claims during the policy year. It gives you a discount (up to 50%) on renewal premium.

Yes, you can transfer the policy when selling the car. The buyer must apply for a name transfer within 14 days of purchase.

Yes. All cars, new or old, must have at least a valid third-party insurance policy to drive legally in India.

It’s an add-on that ensures no deduction for depreciation during a claim. You get full repair/replacement cost without value reduction for parts.

• Third-party insurance covers damage to others (people/property).
• Comprehensive insurance covers third-party + your bike’s own damage (accidents, fire, theft, natural disasters).

• Not making small claims (to earn NCB)
• Installing anti-theft devices
• Choosing voluntary deductibles
• Renewing your policy on time

Yes, but it’s best to renew before expiry. If you miss it, you may face inspection, lose No Claim Bonus, and face legal trouble if caught riding uninsured.

IDV stands for Insured Declared Value—it’s the current market value of your bike. It’s the maximum amount you can claim in case of total loss or theft.

• Individual plan covers only one person.
• Family floater covers your entire family under a single sum insured, making it more affordable and flexible.

A waiting period is the time you must wait before certain diseases or pre-existing conditions are covered. It can range from 1 to 4 years depending on the insurer.

Yes. Premiums paid for health insurance qualify for tax deduction under Section 80D of the Income Tax Act—up to ₹25,000 (or ₹50,000 for senior citizens).

Cashless hospitalization means you don’t have to pay hospital bills upfront. The insurance company settles the bills directly with the network hospital.

• Term insurance offers pure life cover at a low premium (no maturity benefit).
• Endowment plans offer both life cover and savings—if you survive the term, you get a maturity payout.

Ideally, your life cover should be 10 to 15 times your annual income, or enough to cover family expenses, debts, and future goals like education.

Yes, you can have multiple life insurance policies from different insurers. There is no legal limit, as long as you can justify the total cover amount.

The free-look period is a 15-day window from policy receipt during which you can cancel the policy if you're not satisfied, and get a refund (after minimal deductions).

The earlier, the better. Ideally in your 20s or early 30s—when premiums are low and you’re healthier, making it more affordable long-term.

A good thumb rule is 10 to 15 times your annual income or enough to cover your family’s living expenses, children’s education, loans, and future goals.

Yes, some plans offer life-stage benefits, letting you increase cover after events like marriage, childbirth, or income increase. You can also buy an additional plan later.

Standard term insurance plans don’t offer any payout if you survive the term. However, return of premium (ROP) plans refund the premiums paid—though at a higher cost.

Options like PPF, NSC, fixed deposits, and government bonds are considered safe with stable returns and low risk.

A common rule is 50-30-20, where 20% of your income should go into investments. You can increase it as your income grows.

SIP (Systematic Investment Plan) lets you invest a fixed amount regularly in mutual funds. It builds wealth gradually and averages out market risks.

Saving is parking money for short-term needs; investing is about growing your money over time to meet long-term goals like retirement, education, or buying a home.

ULIP (Unit Linked Insurance Plan) invests part of your premium in market-linked funds (equity or debt) and the rest provides life cover.

ULIPs are market-linked and risk-based. Endowment plans offer fixed returns and are safer but usually give lower returns.

Most plans allow partial withdrawals after a lock-in period (usually 5 years for ULIPs). However, premature withdrawal may affect your benefits.

Yes. Premiums paid qualify for tax benefits under Section 80C, and the maturity benefit may be tax-free under Section 10(10D) if certain conditions are met.

Popular types include:

• Fire & Property Insurance
• Liability Insurance
• Marine Insurance
• Group Health for employees
• Business Interruption Insurance
• Cyber Liability Insurance

Some types, like Third-Party Liability for commercial vehicles or Workmen’s Compensation, are mandatory. Others are optional but highly recommended based on business type.

Yes, even small businesses and startups can and should insure their assets, stock, and operations. Many insurers offer customizable SME-specific plans at affordable premiums.

Yes, Cyber Liability Insurance covers financial losses due to data breaches, hacking, ransomware, or IT system failures. It’s crucial for tech-driven businesses.