A claim under a motor insurance policy can be classified as: Own damage claim: If there is damage to your car, the claim is called as an own damage claim. Third party claim: If there is an injury or worse to someone else or damage to someone else’s car, it is called as a third […]
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Why Do You Need Motor Insurance? Motor insurance, as the name suggests is an insurance cover for the motor vehicle owned by a person. Owning a four-wheeler is an important landmark in one’s life. A personal car gives a sense of pride and a sense of achievement. On the other hand, owning a commercial vehicle […]
We all love our cars and give due care to their safety & maintenance. We all consider buying motor insurance as part of our car care plan. In India, buying a third party motor insurance is compulsory, without which driving on the roads will be considered as illegal. Motor insurance in India has two broad […]
The reasons for buying a two wheeler are many for Indians. They range from necessity to passion to a style statement, and most importantly, affordability. However having a two-wheeler without an Insurance cover is not only illegal but it may also land you in financial difficulties. The Importance of Two-Wheeler Insurance Insurance cover for motorcycles […]
Section 80DD Deduction Limit provides tax deduction to families of disabled persons for the purpose of caring for a disabled dependent. This can be claimed by families of disabled dependents and not the dependents themselves. Check everything you need to know such as who is eligible, how to claim, documents required and the cans and can’ts about the Section 80DD Deduction Limit.
Insured Declared Value or IDV is an important consideration when renewing car insurance. That’s because the premium is based completely on that. How should you evaluate IDV to get the maximum value for your car insurance policy? And what is the impact of increasing or reducing the IDV beyond fair market value? Find the answers here.