Insurance Services In Pune Pimpri Chinchwad

School Bus Transportation Service In Pune

What is Life Insurance

Life insurance is a contract that offers financial compensation in case of death or disability. Some life insurance policies even offer financial compensation after retirement or a certain period of time. Life insurance, thus, helps you secure your family’s financial security even in your absence. You either make a lump-sum payment while purchasing a life insurance policy or make periodic payments to the insurer. These are known as premiums. In exchange, your insurer promises to pay an assured sum to your family in the event of death, disability or at a set time.

Life insurance can help you support your family even after retirement. Depending on what it covers, Life insurance can be classified into various types:

What are the types of General Insurance available? / What all can be insured?

  • Health Insurance
  • Motor Insurance
  • Travel Insurance
  • Home Insurance
  • Fire Insurance
Life If death occurs due to: - Alcohol or drug abuse - War or terrorism - Suicide or self-inflicted injuries - Gross negligence or carelessness
Car - Damage caused when the policy is not active - Loss of personal belongings kept in the car - Damage to a car that is not insured - Damage caused when driving without a license - Damage caused when driving under the influence of alcohol or drugs - Damage due to wars, mutiny or nuclear risks
Bike - Damage due to war, mutiny or nuclear risk - Normal wear and tear and general ageing - Tire or tube punctures. (If, however, your two-wheeler is damaged at the same time, you will be compensated for 50% of the cost of repair or replacement - Mechanical or Electrical breakdown - Any loss or damage caused outside India
Health - Hospitalisation due to war or related activities - Medical condition due to abuse of intoxicants or hallucinogenic substances - Any medical condition existing before buying the policy during the waiting period - Non-allopathic therapies such as acupuncture, yoga, naturotherapy, etc. - Diagnostic charges if the reports do not confirm the existence of the covered disease - Self-inflicted injuries
Travel - Travelling against the advice of the physician - Baggage delay for less than 24 hours - Psychological illness or self-inflicted injuries during your trip - War or civil unrest in international locations - Participation in hazardous sports like bungee jumping, parachuting, etc.
Home - Wilful destruction of the property - Damages caused due to wear and tear - Damages caused due to war - Loss of money kept inside the property - Loss to a property that has remain unoccupied for a certain period
Fire Loss or damage caused to the property due to: - Nuclear perils - War or related activities - Pollution or contamination - Mechanical or electrical breakdowns