Services

By using an agent to purchase insurance, the policyholder receives more personal service. An agent with whom there is direct contact can be vital when purchasing a product and absolutely necessary when filing a claim. A local, independent agent is able to deliver quality insurance with competitive pricing and local personalized service.

When you apply for an insurance policy, you will be asked a number of questions. For example, the agent might ask you your name, age, gender, address, etc. In addition, you will be asked a number of other questions which will be used to determine how likely you are to make a claim.

“Rule of thumb” suggests an amount of life insurance equal to 6 to 8 times annual earnings. However, many factors should be taken into account when determining the right amount of life insurance for you and your family.

You should buy life insurance cover because it ensures that life style of your family/economic dependents will remain intact even if you’re not around. In case of your untimely demise, your family may face critical financial blow, your children’s education can be badly affected. But a good life insurance policy can fulfill their all financial needs be it education of your children or marriage. Life insurance policy with money back or pension plan can provide you financial support once you stop working or at different milestones of your life. Also, an investment or saving plan can be a constant source of your income

Yes. An existing policy, either term or cash-value life insurance, can be used for many purposes, including paying off an outstanding mortgage loan balance in the event of the insured’s death. Although a lender may offer a mortgage protection term policy to you, the lender rarely requires it.

Credit life insurance is frequently recommended in conjunction with the taking out of an installment loan when purchasing expensive appliances or a new car, or for debt consolidation. Is credit life insurance a good buy?

Credit life insurance is frequently more expensive than traditional term life insurance. Further, if you already own a sufficient amount of life insurance to cover your financial needs, including debt repayment, the purchase of credit life insurance is normally not advisable due to its relatively high cost.

Collision is defined as losses you incur when your automobile collides with another car or object. For example, if you hit a car in a parking lot, the damages to your car will be paid under your collision coverage.

Comprehensive provides coverage for most other direct physical damage losses you could incur, including theft. For example, damage to your car from a hailstorm will be covered under your comprehensive coverage.

The typical homeowners policy has two main sections: Section I covers the property of the insured and Section II provides personal liability coverage for the insured. Almost anyone who owns or leases property has a need for this type of insurance. Usually, homeowners insurance is required by the lender to obtain a mortgage.

Covered losses under a homeowners policy can be paid on either an actual cash value basis or on a replacement cost basis. When “actual cash value” is used, the policy owner is entitled to the depreciated value of the damaged property. Under the “replacement cost” coverage, the policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices.

There are a number of factors you should consider when purchasing any product or service, and insurance is no different.

Here is a checklist of things you should consider when you purchase homeowners insurance:

• Determine the amount and type of insurance that you need. The coverage limit of your house should equal 100% of its replacement cost. If your policy limit is less than 80% of the replacement cost of your home, any payment from your insurance company will be less than the full cost to replace your home – you’ll have to pay the rest out of your own pocket. Also, decide if the personal property and personal liability limits are adequate for your needs.
• Determine which, if any, additional endorsements you want to add to your policy. For example, do you want the personal property replacement cost endorsement, an earthquake endorsement or a jewelry endorsement?
• Once you have decided on the coverage you want in your homeowners insurance policy, consult us. We will be able to help you determine if there are any gaps in coverage you might not have been aware of, explain the details of the policy’s exclusions and limitations as well as recommend an insurance company that will live up to your expectations.

The thumb-rule of insurance is to ‘protect your life till you contribute financially to your family’. It should be treated as the replacement of your income. The policy term up to 60 or 65 years of your age is considered an ideal one.

If you fail to pay the premium on or before the scheduled date, you will be provided with the grace period, during which you need to pay all the pending premiums, else the policy lapses.

In case of the death of the life insured, you should send claim intimation to the concerned insurance company as early as possible. Thereafter, a fully filled and signed claim form obtained from company’s office or downloaded from its website, with documents such as – death certificate, legal heir certificate if the applicant is not an assignee/nominee, policy document, post-mortem report, etc. should be sent to the claim settlement department of the company.

An endowment plan is a life insurance policy tailored to pay a guaranteed sum assured with bonuses after a pre-specified time (maturity) normally for 10 years, 15 years or 20 years. The policyholder is also entitled to get accumulated bonuses accrued over the time. In case of the death of the life insured, total sum assured with accumulated bonuses is paid to the beneficiary/nominee, and policy terminates. 

Money-back policy is a saving plan with added benefit of life protection. Under the plan, policyholder gets amount equivalent to a pre-defined percentage of sum assured at regular intervals as survival benefit throughout the policy period. In case the policyholder dies during the policy term, the nominee gets the entire sum assured without deducting any amount paid earlier as survival benefits, and policy terminates

A group life insurance policy is an insurance that covers a group of people, normally who are member of any society, organisation, labour union or common employees of any company. Premium per person charged under such a policy is much less than if they had to buy individually.  

A person whose death will cause a financial loss to the family can be insured. Insurance indemnifies only the financial loss. Like One can take a policy on himself/herself if human life value. If you are earning and  have financial obligations and you are the only bread-winner of the family, you must secure your life with an adequate sum insured.