Frequently Asked Questions
Quick answers to common insurance questions. Find everything you need to know about health, life, motor, travel, and business insurance. Can't find your answer? Contact us.
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General Insurance FAQs
We cover Health Insurance, Term Life Insurance, Car Insurance, Bike Insurance, Travel Insurance, Business Insurance, and more. We also provide guides for investment plans and NRI insurance.
Use our comparison tools to evaluate plans based on premium, coverage, waiting periods, claim settlement ratio, and network hospitals. Our expert guides help you understand every aspect.
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The grace period for insurance renewal varies by policy type. Generally, health and life insurance policies offer a grace period of 15-30 days for renewal. Motor insurance policies typically offer 15 days grace period.
Health Insurance FAQs
While health insurance is not mandatory by law in India, it is highly recommended to protect yourself and your family from rising medical costs. Some employers also mandate group health insurance for employees.
Individual health insurance covers one person, while family floater insurance covers the entire family under a single sum insured. Family floater is more cost-effective for families as the coverage can be used by any family member.
A waiting period is the time you must wait before certain coverage benefits become active. Common waiting periods include 30 days for general illnesses, 2-4 years for pre-existing conditions, and 1-2 years for specific diseases.
Life Insurance FAQs
Term life insurance provides coverage for a specific period (e.g., 20-30 years) and pays only if you pass away during that term. Whole life insurance provides lifetime coverage and includes a savings/investment component that builds cash value over time.
A common rule of thumb is 10-15 times your annual income. However, factors like outstanding debts, number of dependents, future education expenses, and lifestyle should also be considered. Use our Term Coverage Calculator for personalized estimates.
Motor Insurance FAQs
No Claim Bonus is a reward for not making any claims during the policy year. You can get up to 50% discount on your premium for claim-free years in motor insurance.
Yes, as per the Motor Vehicles Act, 1988, it is mandatory to have at least third-party motor insurance to drive any vehicle on public roads in India.
Travel Insurance FAQs
While not mandatory, travel insurance is recommended for domestic trips to cover medical emergencies, lost baggage, trip cancellations, and other unforeseen events.
Travel insurance typically covers medical emergencies, trip cancellation/interruption, lost baggage, flight delays, personal accidents, and emergency evacuation.
Business Insurance FAQs
Certain types of business insurance, such as workers' compensation and motor vehicle insurance, are mandatory in India. Other types are recommended to protect your business from various risks.
Business liability insurance covers legal claims and damages from third parties, including bodily injury, property damage, and professional errors or omissions.
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