1 / 4

Okbima.com Helps People Easily Compare Insurance Plans Online ppt

One can take many different types of insurance, along with insurance providers. Therefore, deciding the best one from these options is overwhelming and cumbersome. You often make the wrong decision because you either didn't know how to compare insurance plans or didn't have enough time and patience.<br>Understanding the claim policies: When compare term insurance plans online in India or any other insurance type, you must go through the terms and conditions to be applied while raising a claim against that policy. For example, when you want to have a disability claim, many insurers give a conditio

okbimaofficail
Download Presentation

Okbima.com Helps People Easily Compare Insurance Plans Online ppt

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Okbima.comHelpsPeople Easily CompareInsurance PlansOnline CompareInsurancePlansOnline We allneedinsuranceof one ormoretypes.Itcanbehealthinsurance foryourselfand yourfamilyorauto insurance foranewlybought BMW.Regardlessofwhatit is,insuranceprovidesuswiththesecuritywerequire regarding finances.Yourhealth insuranceprovidesthesecuritythatyouwon’thave tobeartheincreasinghealth costsforanysurgeryortreatmentatonce.Theinsurerwillpaytheamountbasedonthe premiumsyoudepositevery yearormonth. Similarly,yourautoinsuranceprovidesyoupeaceofmind that if yourcargetsintoan accident orthereisphysical damagethatcostsa lot,theinsurancecoverwillpayforthe expenses, andyouwon'thavetotakeoutanymoney from yourpocket. Onecantakemanydifferenttypesof insurance,alongwithinsuranceproviders.Therefore,deciding thebestone fromthese optionsisoverwhelmingandcumbersome.Youoftenmakethewrongdecisionbecauseyoueitherdidn't knowhowtocompareinsurance plansordidn'thave enoughtimeandpatience. Keepingthis in mind,wehaveexplained howyoucancomparevariousinsurance plansandchoosetherightone. Whatarethedifferenttypesofinsuranceplansyoucanget? Tocompareinsuranceplansonline,thereare severalthingsthatyouneedtoknowbeforehand,outof whichisthe insurance types.Unlessanduntilyouhavecomplete knowledgeaboutthis,youwon'tbeableto choosetheright insurance at theright time.So,let'slookat thetypesofinsuranceyoucanget. 1. Healthinsurance ismeantto provideyouwithfinancialsupportforyourhealthforalongtime.Usually, healthinsurancesofferadomiciliaryamountthatcoversoutdoordoctorconsultationfeesand regular medicines.Apartfromthis,youget higher hospitalizationcoverage,wheretheinsurancepolicywillcover thehospitalcharges,surgerycosts,andmanymore. 2. Autoinsurance:Whenyouwant tocomparecarinsuranceplansonline,knowingthem indetailwillhelp yougreatly.Auto insurancecoversyourcar,anyrepairor replacementcost, and others, asmentionedinthe insurancepolicydetails.

  2. 3. Income protection:Incomeprotectioninsuranceisanothercommontypeofinsurance.Ifyouloseyourjob byanymeans,whetherdue togettingsackedbythecompanyorbeingdisabled,theinsurerwillprovideyoua lumpsummoneyora certainamount everymonthorquarterly. 4. Annuityinsurance:Annuityinsuranceoftenworkslikea retirementplanwhereyoucanraise aclaim amount afteryouretirefromyourjob.Usually,theannuityinsuranceamountcanbeclaimedonlyonthe policy owner'sdeath. 5. Lifeinsurance: Oneof themostcommonplansyoushouldknowtocompareinsurancepoliciesinIndia is life insurance plans.Itisaninsurance coverwhere yougetahugereturnaftergivingpremiumsfor25years. Thereare severalkindsof planswherethe premiumterm,benefitexpirydate, andso onwillvary.So,youmust choose accordinglyandensure yougettherightplan.

  3. 6. Disabilityinsurance: Suchinsurancewillhelpyoumeetthe financialexpenseswhenthe policyholder cannotworkanymore.Itcanbedue toanaccident oraging.However, disabilityinsuranceisoftentakenasan additional coverontheincomeprotectionplan. Whyshouldyoucompare insuranceplans? Doyouknowthebenefitsyoucanenjoyonceyoucompareinsurancepoliciesonline? Ifnot,itcanbecomedifficulttochooseandensureyourplancaneasilymeetallyourrequirements.Keeping thisin mind,we have explainedsomebenefitsyoucanenjoyonceyoucompareinsuranceplansbefore makingthe policy. 1. Firstandforemost,comparingvariousinsurance planswillhelpyouunderstandhowmuchpremiumyou have topayeverymonthorina quarter.Knowing aboutthepeople premium will alsohelp youunderstand whetheryourearningswillallowyoutopayitconsistentlythroughout theentirepolicypaymentterm. 2. Whenyoucomparehealthinsuranceplansonline,youcanunderstandwhatbenefitsyouwillgetineach plan.It canbeaboutthehospitalcoverages,thatallowable hospitalswherecashlesspaymentscanbedone, the totalumbrellacoverageforall thebeneficiariesinthe policy,the domiciliaryamountthatcanbe claimedeveryyear, andsoon. 3. Comparinginsurance planswillalso giveyouanupper handinchoosingtherightonethatcan meetall yourfinancialrequirementslateron.Forinstance, if youneedINR30,000everymonthtorunyour expenses,youshouldgoforanincomeprotectioninsurancecoverthatwillprovideyouwiththisparticular amountonlyeverymonthonceyouraisetheclaim. 4. Youcanalsoknowwhichinsureryoushoulduse onceyoucompareinsurancepoliciesproperly.It'snot easytoknowwhichwillbetherightinsurerforusuntiland unlesswecompare thoseplans. 5. Anothersignificantbenefityoucanenjoyonceyoucompare insurance policiesofdifferenttypesis knowledge.Themore youcomparedifferentpolicies,themore youwilllearnaboutthebenefitsofvarious plans,thedisadvantages,theassociatedliabilities, taxbenefits,andso on. Whatfactorsareneededtobe consideredtochoosethebest insurance plan? Beforeyouproceedfurther,knowing abouttheprimaryfactorstobeconsidered tobuyaninsurancepolicywillbe beneficialinthelongrun.Belowwe havediscussedsome of those factorsyoushouldconsiderbefore makingany decision. 1. The premiumpayable:the first and foremostfactoryoumust consideristhetotal premiumyoumustpay fortheinsurancecoverage.It depends onthe policyholder'sage andthebeneficiaries,occupationstatus, monthlyandyearlyincomes,andseveralotherfactors.Ideally,it'sbettertoget a quotewhenyouoptfor insurancecompareonlineso thatyouwon’thave toworryaboutmakingthe wrong assumptions aboutthe totalpayablepremium. 2. Sum assuredrange:everyinsurance planhasacertain rangeofsum assured.Inotherwords,youcangive a minimumanda maximum depositwhenchoosingthe plan.Basedonthat,youmustpickout thebest insuranceplantomeetyourfinancialneedslateron. 3. Understandingtheclaimpolicies:WhencompareterminsuranceplansonlineinIndiaoranyother insurance type,youmustgothroughthetermsandconditionsto beappliedwhileraisingaclaimagainst thatpolicy.Forexample,whenyouwant tohave adisabilityclaim,manyinsurersgive aconditionof havinganincomeprotectionclaimastheprimarycover.Similarly,whenyouwant toclaim therider benefitof atermplan,thetotalamountpaidundertheclaimwillgetdeductedfrom theparentbenefit.So, dounderstandhowtheclaimswill workandwhat effectthepaymentswillbring inthe policiesandthe concernedbenefits.

  4. Whatmistakesshouldyouavoidwhile choosing aninsuranceplan? Oftenpeople make mistakeswhentheycompare insurance plans.Ifyoualsodothe same,therewon'tbeanyway toeasilychoosethebestplanforyourself,regardlessof what type ofinsurance wearetalkingabout.So,beloware some mistakesyoushouldavoidwhencomparingtheplans. 1. Whenyoudonotconsidertherole aninsurerplaysintheinsurancepolicy,youwillfind yourself ina difficultsituationinthe future.Thisisbecause goingforaninsurerthatdoesn'tprovideflexibilityoris opentonegotiationcannothelpyouinemergencies. 2. Choosinganyterm policywithout having appropriateriderbenefitscanalso prove tobe a hugemistake. Thisisbecause the sum assured of theriderbenefitsisusuallycoveredunderthe sum ofthe mainbenefits. Evenifyouclaim the entireriderbenefit,the policywillremainactive,andyouwillstillhavethe chanceto claim themoneyleftinthe parentbenefit.Choosinga termpolicywithnoriderbenefitcanbemoreof a loss. 3. Ifyouare usinganycalculatorforinsurancecomparisonIndia,notcheckingitsgenuinenessand feedbackfrompast userscanalso provetobe a hassle.The computedpremiumandmaturityamountsyou willget arenotthe sameasthe originalinsurance plan. 4. Whenyoucomparelife insurance plansonline,not havinga nominee orajointlifesurvivorcanalso prove to be ahuge mistake.Thisisbecause ifyoucannotwithdrawtheamount aftertheinsurancepolicy matures,nooneelse willbeable todosoinyourplace. 5. HowOkbimacanhelpyoufindthebestinsuranceplan? WithOkbima,not onlywillyougethelptocompareonlineterminsurance plansandothertypesofcovers,but youwillalso beable toknowhowdifferent insuranceswork.Forinstance,terminalhealthinsurancedoesn'twork similarlytoincomeprotectionordisabilityinsurance.Similarly,insurancecoverageforanindividual doesn't have the samebenefitsorfeaturesasinsurancepoliciesforgroupsorschemes.Therefore,collaboratingwiththis insurance companyonline willhelpyoumaketheright choicewithouthassle. Conclusion Aswehavediscussedthe fundamentalsofinsuranceplancomparison,youshouldn'thave anymoredoubt concerningtheimportanceofjudging variousinsurancepoliciesandplans,avoiding mistakes,andquestioning their importance.Besides,withthehelpof Okbima,youcanknowmoreaboutvariousinsurancepoliciesavailablein India andtheirfeatures andbenefitplans.

More Related