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Buying a car insurance policy is about more than just choosing a product from a reputed company or picking one with the lowest premium. The ideal auto insurance policy is one that offers the best coverage for the widest variety of eventualities and saves you having to incur out-of-pocket expenditure when things go wrong. To ensure that a claim you make will be honoured by the insurance company, it is important to know exactly what you as a policyholder are paying for. It is also vital that you know what motor insurance terms mean; not just in layperson parlance but the specific, technical meaning of those terms. Third party insurance This type of insurance is compulsory under the law. This provides compensation only to the third party (not the policyholder or insurance company) who may be involved in an accident with the vehicle of the policyholder. Comprehensive Insurance (car and 2-wheeler insurance) This offers wider protection. It offers third-party insurance and also offers coverage for theft or damage of the policyholder's vehicle. A policyholder can opt for optional add-ons to make the policy even

If you are buying a car, you must also ensure that the vehicle is duly insured. This is not just to ensure that in case of an accident, the insurance company covers the costs incurred; but because it is a legal requirement. The Indian Road Safety Act and Indian Motor Vehicles Act mandate that every vehicle owner should have insurance. Whether you are buying a new or a pre-owned vehicle, it makes sense to compare car insurance rates and then make a decision. There are many options to buy car insurance online; you can use a car insurance calculator to get an instant quote. Keep the following in mind: Do not blindly accept the dealer’s offer – When you buy a new car, the car dealership will usually offer you a package deal including the car cost, registration amount, insurance and ancillary expenses. They may even arrange finance for you. This is because they have tie-ups with insurance companies, banks and financial organizations. However, you need not depend upon the car dealer solely. You should do your own research, compare car insurance

Employee health insurance, also known as ‘corporate health insurance’ happens to be one of the perks that some companies or employers offer their employees in order to attract and retain the best talent for the organization. It consists of health insurance for the employee and in some cases, for their family as well. The premium may be paid entirely by the employer/company or may require employee contribution as well. If you are a company or business owner offering your employees such perquisites as part of the pay package, you have to ask whether it is a good idea to include parents in the employer health insurance plan you are offering. Given the fact that health insurance for senior citizens can be burdensome, we look at the pros and cons of covering the health of the parents of employees as well. Pros of Including parents in employer health insurance plan A company or employer who offers health insurance to their employees is an attractive proposition for these reasons: It helps to attract talented, able candidates for the job. This also helps retain valuable