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What Are The Different Types Of Car Insurance 2024?

What Are The Different Types Of Car Insurance 2024?

Understanding Different Types of Car Insurance in the USA Car insurance is essential for all vehicle owners in the United States, providing financial protection against accidents, theft, and other unforeseen events. With various options available, choosing the right car insurance policy can be challenging. Here, we delve into the different types of car insurance policies in the USA to help you make an informed decision. Types of Car Insurance Coverage 1. Liability Insurance Mandatory Coverage: Liability insurance is required by law in most states across the USA. It covers damages and injuries you cause to others in an accident. Features: 2. Collision Insurance Coverage: Collision insurance covers repairs or replacement of your vehicle if it’s damaged in a collision with another vehicle or object, regardless of fault. Features: 3. Comprehensive Insurance Comprehensive Coverage: This policy covers damages to your vehicle that occur due to incidents other than collisions. Coverage Includes: 4. Personal Injury Protection (PIP) Insurance Coverage: PIP insurance covers medical expenses for you and your passengers regardless of fault in an accident. Features: Additional Coverage Options 1. Uninsured/Underinsured Motorist Coverage Protection: Covers damages if you’re involved in an accident with a driver who has insufficient or no insurance. Benefits: 2. Gap Insurance Purpose: Gap insurance covers the difference between the actual cash value of your vehicle and the amount you owe on your auto loan or lease. Benefits: Factors to Consider When Choosing Car Insurance Conclusion Choosing the right car insurance policy in the USA involves evaluating your coverage needs, understanding policy options, and selecting an insurer with a reliable reputation. Whether opting for mandatory liability insurance or comprehensive coverage with add-ons, prioritize financial protection and peace of mind on the road.

What are the 5 types of life Insurance 2024?

What are the 5 types of life Insurance 2024?

Understanding Different Types of Life Insurance Life insurance is a critical financial tool that provides a safety net for your loved ones in case of your death. It comes in various forms, each designed to meet different needs and financial goals. Let’s explore the main types of life insurance policies available: 1. Term Life Insurance Coverage Length: 10, 15, 20, 30 yearsBest for Ages: 18 – 65Builds Cash Value: NoMedical Exam Required: VariesDeath Benefit Amount: Typically $100,000+ Overview: Term life insurance offers straightforward coverage for a specific period, known as the term. It’s generally the most affordable type of life insurance because it does not accumulate cash value. You pay premiums for the duration of the term, and if you pass away during that time, your beneficiaries receive the death benefit. Term life insurance is ideal for covering temporary needs like mortgage payments, college tuition, or income replacement during working years. Renewal and Conversion: At the end of the term, some policies allow renewal at a higher premium without a medical exam. Conversion options may also be available to convert to permanent life insurance. 2. Whole Life Insurance Coverage Length: Your lifetimeBest for Ages: 18 – 65Builds Cash Value: YesMedical Exam Required: YesDeath Benefit Amount: Typically $50,000+ Overview: Whole life insurance provides coverage for your entire life, offering a guaranteed death benefit as long as premiums are paid. It includes a savings component where a portion of your premium builds cash value over time at a fixed interest rate. This cash value can be accessed through policy loans and withdrawals for various financial needs. Whole life insurance is known for its stability and predictability, making it suitable for long-term financial planning and estate protection. Guarantees: Premiums, death benefits, and cash values are typically guaranteed by the insurer, providing certainty and peace of mind. 3. Universal Life Insurance Coverage Length: Your lifetimeBest for Ages: 18 – 65Builds Cash Value: YesMedical Exam Required: YesDeath Benefit Amount: Typically $50,000+ Overview: Universal life insurance offers flexibility in premium payments and death benefits, allowing policyholders to adjust these aspects as their financial situations change. It combines life insurance coverage with a cash accumulation component that earns interest based on market performance. Universal life policies offer a guaranteed minimum interest rate for cash value growth, and policyholders can use accumulated cash value to pay premiums or increase death benefits over time. Flexibility: Unlike whole life, universal life policies allow adjustments in coverage and premium payments within certain limits, catering to changing financial needs. 4. Variable Life Insurance Coverage Length: Your lifetimeBest for Ages: 18 – 65Builds Cash Value: YesMedical Exam Required: YesDeath Benefit Amount: Typically $50,000+ Overview: Variable life insurance combines life insurance protection with investment opportunities in stocks, bonds, and mutual funds. Policyholders can allocate their cash value among different investment options offered within the policy, influencing the growth potential of the cash value component. However, this also introduces investment risk, as the cash value may fluctuate depending on market performance. Variable life insurance is suited for individuals comfortable with investment risk and seeking potential higher returns alongside life insurance coverage. Investment Component: Unlike other types, variable life insurance allows policyholders to participate in market returns, potentially enhancing cash value growth. 5. Final Expense Life Insurance Coverage Length: Your lifetimeBest for Ages: 50 – 85Builds Cash Value: YesMedical Exam Required: NoDeath Benefit Amount: Typically $2,500 – $40,000 Overview: Final expense life insurance, also known as burial or funeral insurance, is designed to cover end-of-life expenses such as funeral costs, medical bills, and outstanding debts. It offers a smaller death benefit compared to other types of life insurance and is more accessible for older individuals or those with health issues who may find it challenging to qualify for traditional life insurance policies. Final expense insurance provides peace of mind by ensuring that financial burdens are not passed on to surviving family members. Accessibility: Simplified underwriting processes make final expense insurance accessible to seniors and individuals with pre-existing health conditions. Other Types of Life Insurance Indexed Universal Life Insurance: Combines the features of universal life with cash value growth linked to an index like the S&P 500. Simplified Issue Term Life Insurance: No medical exam required, ideal for quick coverage approvals, though premiums may be higher. Instant Life Insurance: Provides rapid online application processing with quick approval times for coverage. Guaranteed Life Insurance: No medical questions asked, ensuring coverage approval regardless of health status. Supplemental Life Insurance: Additional coverage beyond employer-provided policies, available for purchase privately. Survivorship Life Insurance: Covers two individuals under one policy, paying out after both have passed away, often used in estate planning. Decreasing Term Life Insurance: Offers coverage with decreasing death benefits over time, suitable for covering specific debts with diminishing balances. Accidental Death and Dismemberment (AD&D) Insurance: Pays benefits for accidental death or severe injuries, offering supplemental coverage alongside traditional life insurance. Choosing the Right Life Insurance When selecting a life insurance policy, consider factors such as your age, financial obligations, long-term goals, and risk tolerance. Term life insurance is ideal for temporary needs, while whole and universal life insurance provide lifelong coverage with cash accumulation benefits. Variable life insurance suits individuals comfortable with investment risk, while final expense insurance is tailored for seniors and those planning for end-of-life expenses. Evaluate your needs and consult with a financial advisor to determine the best type of life insurance that aligns with your financial goals and provides comprehensive coverage for your loved ones. By understanding the various types of life insurance available, you can make an informed decision to safeguard your family’s financial future. FAQ about Life Insurance 1. What factors should I consider when choosing a life insurance policy? 2. How much life insurance coverage do I need? 3. Is life insurance expensive? 4. Can I change my life insurance policy after purchasing it? 5. How do I know if I need life insurance? 6. What happens if I stop paying premiums? 7. Can I have more than one life insurance … Read more

How Much it Cost to Give Birth in USA with Insurance 2024?

How Much it Cost to Give Birth in USA with Insurance 2024?

Birth in USA with Insurance 2024 : Bringing a child into the world is a life-changing experience, filled with excitement and anticipation. However, for many families in the United States, the financial burden associated with childbirth can be significant. Understanding the costs involved, available insurance options, alternative birth settings, financial assistance programs, and planning strategies is crucial for prospective parents. Understanding the Costs The cost of childbirth in the United States varies widely depending on factors such as the type of delivery, geographical location, and individual health circumstances. According to data from the Peterson-Kaiser Family Foundation Health System Tracker, the average cost of having a baby with health insurance is approximately $18,865. This figure includes prenatal care, childbirth, and postpartum care. Despite having insurance, families typically face out-of-pocket expenses averaging nearly $3,000. How Much Does It Cost to Have a Baby Outside the U.S.? The cost of having a baby outside the United States varies significantly depending on the country and its healthcare system. Here’s a detailed look at childbirth costs in several countries compared to the U.S.: 1. Canada Canada offers universal healthcare through its publicly funded system. For Canadian citizens and permanent residents, most maternity services are covered by provincial health insurance plans. This typically includes prenatal care, delivery, and postnatal care. Costs may still arise for optional services or private hospital rooms, but these are generally lower compared to the U.S. For non-residents and temporary residents, costs can be higher and are typically paid out-of-pocket or through private insurance. 2. United Kingdom In the United Kingdom, maternity care is provided through the National Health Service (NHS), which is funded through taxation. NHS covers the majority of maternity costs, including prenatal care, delivery (whether vaginal or cesarean), and postnatal care. There may be additional costs for private rooms or non-NHS services, but these are optional. Overall, the out-of-pocket expenses are considerably lower compared to the U.S., even for non-residents who may need to pay for certain services. 3. Australia Australia offers a mixed healthcare system with both public and private options. Public maternity care is subsidized by the government and is generally affordable for residents and eligible visa holders. It covers prenatal visits, delivery in public hospitals, and postnatal care. Private healthcare options are available and may offer additional services and amenities, but they come with higher costs. Private health insurance can cover some of these expenses. For those without insurance, out-of-pocket costs can be significant but still tend to be lower than in the U.S. 4. European Countries (e.g., Germany, France, Sweden) Many European countries have comprehensive healthcare systems that cover maternity care for residents. Prenatal care, delivery (both vaginal and cesarean), and postnatal care are typically covered under national health insurance schemes. Costs are minimal or nonexistent for residents, although non-residents or those without insurance may face higher costs. Private healthcare options are also available, offering additional services for those willing to pay out-of-pocket. 5. Scandinavian Countries (e.g., Sweden, Norway, Finland) Countries like Sweden, Norway, and Finland provide extensive maternity care under their socialized healthcare systems. Prenatal care, delivery, and postnatal care are covered for residents. Non-residents may incur higher costs or need to purchase private insurance. Scandinavian countries are known for their low maternal mortality rates and high-quality healthcare services, making them attractive options for childbirth. 6. Developing Countries In many developing countries, the cost of childbirth varies widely depending on the region and available healthcare facilities. Government-run hospitals often provide low-cost or subsidized maternity services to residents. Private hospitals may offer more extensive services but at higher costs. In some cases, expatriates or non-residents may choose to travel to these countries for affordable maternity care, although quality and safety standards should be carefully evaluated. Comparison with the United States Compared to the United States, where the average cost of childbirth can exceed $10,000 for a vaginal delivery and $15,000 for a cesarean section, many other countries offer more affordable options due to their universal healthcare systems or lower overall healthcare costs. Even when considering private healthcare options in these countries, the expenses tend to be lower than in the U.S., making them appealing alternatives for families seeking high-quality maternity care without the financial strain. Breakdown by Type of Delivery Insurance Coverage While health insurance reduces the financial burden of childbirth, coverage terms vary widely among insurance plans. Even with insurance, families are responsible for deductibles, co-pays, and other out-of-pocket costs. It’s crucial for expecting parents to review their insurance policies carefully to understand what expenses are covered and what they need to budget for independently. Alternative Birth Settings Financial Assistance Programs Navigating the costs of childbirth can be daunting, especially for uninsured or underinsured families. Fortunately, there are several financial assistance programs available to help alleviate the financial strain: Planning Ahead Financial planning is essential for expecting parents to ensure they can manage the costs associated with childbirth and early childcare expenses: Conclusion The cost of childbirth in the United States is a significant financial consideration for prospective parents. Understanding the average costs, insurance coverage options, alternative birth settings, and available financial assistance programs can empower families to make informed decisions and prepare effectively.

What is a Funeral Insurance Plan?

What is a Funeral Insurance Plan?

Funeral Insurance : Losing a loved one can be devastating. So, when you pass away, the last thing you want is for your family to have to worry about how they’re going to pay for your funeral. With a Funeral Insurance Plan, you can help ease some of that financial stress for your loved ones at an emotional time. The British Seniors Funeral Insurance Plan is a life insurance policy designed to provide a lump sum to your loved ones to help with funeral costs or other expenses when the time comes. It is not a pre-paid funeral or a funeral plan. It can help your family to cover funeral costs and give you the send-off that you really want. With a Funeral Insurance Plan in place, you can feel proud knowing you’ve done something great for the people you love. How does a Funeral Insurance Plan work? Based on our research into UK funeral costs, we offer three different levels of Funeral Insurance Plans with different life insurance benefit amounts. That way, you can easily choose the cover that suits your individual needs and wishes. Simply choose an amount of cover that you’re happy with and when you pass away your legal beneficiary will receive the money to help them with funeral costs and/or other expenses. Gold Offers a life insurance benefit of £5,500 from £19.28 per month. Silver Offers a life insurance benefit of £4,000 from £14.30 per month. How is it different to a pre-paid funeral plan? While both Funeral Insurance Plans and pre-paid funeral plans can help your loved ones to pay for your funeral, these are some of the key differences between them: Funeral Insurance Plan Pre-paid Funeral Plan Why should I choose a Funeral Insurance Plan? Unfortunately, according to our Funeral Report 2023, the cost of a funeral has been increasing and shows no signs of slowing down. We found that people paid an average of £4,515 for a funeral over the last 5 years and depending on what kind of send-off you want the costs could rise to £13,622. If you were to pass away suddenly with no protection in place, your family may struggle to come up with the funds. With a Funeral Insurance Plan in place, you can help ensure that this doesn’t happen. We understand that a ‘one-size-fits-all’ approach won’t cut it when it comes to something as important as protecting your family. That’s why with British Seniors, each of our Funeral Insurance Plans are flexible, so you can easily find cover that suits your lifestyle. What’s covered? Sadly, we can’t be there for our families when we die. But we can help you to provide financial support when the Sadly, we can’t be there for our families when we die. But we can help you to provide financial support when the time comes. The payout from a Funeral Insurance Plan could be used to help cover some of the costs associated with a funeral. As soon as your policy is in place, you’re covered for accidental death in the first 12 months, and after that your cover extends to death by any cause.  If you pass away from a non-accidental death in the first 12 months, we will refund any payments already made. If you take out a Funeral Insurance Plan with British Seniors, you’ll also receive: How much will it cost? How much your cover costs will depend on which plan you choose and how much of a benefit amount you would like. Your age, smoker status, and whether you choose a joint plan or not will also impact the cost.  Which plan you decide to go for depends on how much money you would like to leave behind to help cover funeral costs or other expenses. Our monthly premiums start at just £7.65 a month for £2,000 of cover. So, you can have some peace of mind that when the time comes your family will have some financial support when they need it most.  What benefit amount can I secure based on my age? The size of the benefit amount you can choose will depend on what plan you decide to go with. On top of your benefit amount, you also have an option to include an extra cash sum if you want. How much you can get will also depend on which plan you choose and your age.  If you decide to include an extra cash sum, your benefit amount and extra cash sum amount cannot exceed the total max benefit amount as set out below, which we’ve referred to as ‘Max Combined Benefit Amount’:  How do I apply?​ While it might be uncomfortable to think about your own funeral, the sooner you do, the sooner you can make arrangements to help protect your loved ones when you’re gone. If you’re considering a Funeral Insurance Plan, you can get a quote online or by phone in minutes. Our friendly UK-based team are on hand to answer any questions you may have and to help you find the right plan for your needs. You can read all our customer reviews to see what people have to say about getting covered with British Seniors. Once you’re happy with your chosen cover and premium amount, you can take out your plan right there and then.

What Is Dental Insurance 2024 ?

What Is Dental Insurance 2024 ?

Dental insurance policies work by helping you effectively budget for the cost of maintaining healthy teeth and gums. Dental insurance is available as part of medical insurance plans or as a standalone policy purchased from the Marketplace or a dental insurer. Is dental treatment covered in health insurance? Most health insurance policies do not cover dental treatments because they are considered pre-planned and cosmetic. However, if any dental treatment is required due to an accidental injury or illness and is recommended by doctors as part of the treatment, the medical expenses are covered by insurers. There is no specific dental insurance plan, and few insurance providers offer dental coverage as part of healthcare plans. Fillings, crowns, extractions and surgery are covered but not cosmetic surgeries. If you have opted for out-patient (OPD) coverage, the dental expenses are usually covered, but only those related to extractions, fillings, X-rays, root canal treatments, etc. The cost of dentures, cosmetic surgery, dental prosthesis, dental implants, orthodontics, orthognathic surgery, jaw alignment, etc., are not covered unless necessitated by an accidental injury. Why Do You Need Dental Health Insurance? Here are a few reasons why you need dental health insurance plans: 1. MANAGE DENTAL TREATMENT COSTS: Dental treatments can be expensive, especially if you require complex procedures, such as root canals, extractions, etc. Dental health insurance can help you manage these costs by providing coverage for various dental treatments and procedures. It also provides coverage for unexpected dental emergencies, such as severe toothaches, chipped or broken teeth, or other dental injuries. This coverage can help alleviate the financial burden of unexpected dental expenses. 2. PREVENTIVE CARE: Regular dental check-ups and cleanings are essential for good oral health. Dental health insurance typically covers preventive care services like routine check-ups, cleanings, and fluoride treatments, which can help prevent costly dental problems in the future. 3. COVERAGE FOR PRE-EXISTING DENTAL CONDITIONS: Dental health insurance can provide coverage if you have pre-existing dental conditions requiring ongoing treatment. This coverage can help ensure you receive the necessary care without incurring high out-of-pocket costs. 4. COMPREHENSIVE COVERAGE FOR THE WHOLE FAMILY: Dental health insurance typically offers coverage for the whole family, including dependents. This comprehensive coverage can help ensure that everyone in the family has access to necessary dental care and treatments without worrying about the cost. Features Of Dental Insurance 1. Most health insurance plans do not provide coverage for dental treatment because it is considered cosmetic. 2. Dental insurance typically covers root canal treatment, fillings, extractions, diagnostic tests, oral check-ups, X-rays, preventive care, and any injury due to an accident. 3. Dental treatments done in hospitals under anaesthesia due to injuries, illness, or accidents are covered. 4. Cosmetic surgeries, dentures, implants, jaw alignment procedures, prostheses, and orthodontics are out of coverage. 5. You cannot file any claims during a waiting period. The sum insured is also limited. Benefits Of Health Insurance That Covers Dental Treatments With no standalone dental insurance plans available, you need to compare best health insurance plans based on coverage, benefits, and cost and choose a good plan that covers dental treatments. The advantages offered are: 1. EXPENSIVE DENTAL TREATMENTS WILL BE COVERED: A single visit to your dentist can be quite expensive due to the high cost of most dental procedures. If you have health insurance with dental coverage, you will be financially protected against in-patient dental procedures as well as OPD dental treatments. 2. GOOD ORAL HEALTH: Whether it is for a routine oral check-up or any tooth problems, do you think twice before going to a dentist because it is expensive? A dental insurance plan will take away your financial worries; you can monitor your dental health on a regular basis and keep your teeth healthy. Regular check-ups help avoid and treat issues before they become severe. 3. CASHLESS HOSPITALISATION: If you need to be hospitalised for a few days because of a tooth procedure, you can avail of cashless hospitalisation in any of the network hospitals of the insurance provider. The hospital will receive the payment directly from the insurer. 4. TAX BENEFITS: In addition to the coverage, you can also save money on taxes by availing of tax deductions on your health insurance premium. Copays and Coinsurance Copays are a set dollar amount and also may be required during a procedure. When a dental deductible is met, most policies only cover a percentage of the remaining costs. The remaining balance of the bill paid by the patient is called coinsurance, which typically ranges from 20% to 80% of the total bill. Plans will not have both copays and coinsurance. HMOs usually have copays and PPO plans usually have coinsurance. Annual Maximums Most dental policies cap how much they’ll spend on your dental procedures. Coverage maximums typically range from $1,000 to $2,000 per year. Generally speaking, the higher the monthly premium, the higher the yearly maximum. When patients reach the yearly maximum, they must pay for 100% of any remaining dental procedures. Insurance companies may offer policies that roll over a portion of the unused annual maximum to the following year. How Dental Insurance Pays for Procedures Dental procedures covered by insurance policies are typically grouped into three categories of coverage: preventive, basic, and major. Every policy differs in terms of which procedures are categorized as preventative, basic, and major and whether each is covered. So, it is essential to understand what is covered when comparing policies. Preventive Dental Services Most dental plans cover 100% of preventive care, such as annual or semiannual office visits for cleaning, X-rays, and sealants. These are the most common procedures covered, often without any waiting period. You are typically limited to 2-3 cleaning and routine exam visits per year. Basic Dental Services Basic procedures are treatments for gum disease, extractions, fillings, and root canals, with deductibles, copays, and coinsurance determining the patient’s out-of-pocket expenses. Most policies cover 80% of these procedures, with patients paying the remainder. Most dental insurance policies have waiting periods ranging from six to 12 months before any work can be done. Major Dental Services … Read more

What Are The Different Types Of Car insurance 2024?

What Are The Different Types Of Car insurance 2024?

Car insurance coverage is an important concept to understand when you buy car insurance. You drive to work or take your family out on chores and fun drives or enjoy time out with friends. As a responsible car owner, you keep your vehicle in good condition, obey the road rules while on the road and practise good driver etiquette. So, you wish driving your car to be a worry-free experience. Despite your precautions, your car could meet with unexpected contingencies on the road, such as major or minor accidents, breakdowns, tyre bursts, natural/man-made disasters and so on. The best solution to free you of financial worries in such situations is car insurance. Under all types of car insurance, subject to the specific terms and conditions of your policy, protection is offered for financial losses arising from any unfortunate events involving your car. Based on the coverage offered, car insurance policies are further classified into the following types: Third-Party Insurance Policy Third-party car insurance is mandated by law. It is a basic type of insurance coverage that protects against the damages you may cause to the third-party car or property. It also compensates for the third-party’s physical injuries. One of the significant features of a third-party car insurance policy is that the premium for this policy is much cheaper than the comprehensive policy. Also, with third-party insurance, you cannot customise your plan; you cannot purchase add-ons. Additionally, third-party car insurance does not protect you from the damages or theft of your car. Comprehensive Car Insurance Policy This type of insurance policy provides complete protection.  It covers both third-party liabilities as well as damages to your vehicle. Also, with a comprehensive cover, you can get compensation if the accident results in your death; the family members will receive the benefit. Although the premium for the comprehensive policy is higher than the third-party insurance, the coverage you get provides complete financial protection against all unforeseen risks. Additionally, with a comprehensive insurance policy, you can widen the scope of your policy coverage by purchasing add-ons. Add-ons or Riders are additional coverage that you can buy at an additional premium to get protection against risks that are not covered under your basic policy. The insurance companies offer a variety of add-ons to suit the varying needs of the policyholders. Some of the most common add-ons that most people buy include: 1. Zero-Depreciation Cover In the event of an accident, if any of your car parts get damaged and you need to replace the same, insurance companies do not pay for the entire replacement cost, they deduct the depreciation. But, with a zero-depreciation add-on cover, you can get full compensation for the replacement of parts. However, you must know that you can buy this cover only if your car is less than three years old. 2. Roadside Assistance Cover Breakdown of a vehicle is a common problem, and it sometimes can put you in a difficult situation. In the event of any emergency like a flat tyre, battery issues or mechanical failure, the roadside assistance cover can help you get immediate help even if you are stranded in a remote area. 3. NCB Protection Cover The NCB or No Claim Bonus is a reward to all policyholders who do not file for a claim in a policy year. The NCB can help you get a significant discount on the premium upon renewal of the policy. Some insurers offer NCB by increasing the sum insured upon renewal. However, if you claim a couple of years, you may lose the accrued NCB benefits. This is where buying an NCB protection cover can be useful. As the name suggests, this type of add-on cover does not nullify the NCB benefits in the event of a claim. 4. Key Replacement Cover Often people tend to lose their car keys or misplace it. In such a situation, you may not be able to use your vehicle, and getting an original replacement key from the car manufacturer can be highly expensive. If you have a key replacement cover, the insurer will offer reimbursement for getting a substitute key. Car Insurance Types Based On Usage Cars can be used for personal or commercial purposes, and based on the purpose of use, you must buy the insurance accordingly. 1. Private Car Insurance This type of motor insurancepolicy is purchased by car owners who intend to use the vehicle for private purposes. Based on your needs, you can either buy a third-party cover or a comprehensive policy for your car. 2. Commercial vehicle insurance This is the best type of car insurance for business owners who have a fleet of vehicles that are used for commercial or business purposes. Commercial car insurance offers third-party liability cover. Irrespective of the type of car insurance you buy, make sure that you choose sufficient sum insured so that you get full protection against the damages. Also, do your research well about the different insurance companies and opt for an insurer that offers the policy at the most competitive premium. Types of Car Insurance Policies Offered by TATA AIG At Tata AIG, your need for protection and convenience are our topmost priorities. Our car insurance policies offer different features that can be customized to your specific requirements. Tata AIG offers the following three types of policies. Comprehensive car insurance policy Comprehensive car insurance is the most extensive policy type and covers third-party liabilities as well as own damage costs, loss due to theft, natural disasters etc. You will receive the IDV or the total market value in case your vehicle is stolen or damaged beyond repair. Standalone own-damage car insurance policy This policy takes care of own-damage, that is, loss to the policyholder’s car. This does not offer third-party car insurance coverage. This type of policy is effective from September 2018. Standalone third-party car insurance policy This is the basic policy and is mandatory for driving on public roads. It includes damage to third-party vehicles, injuries to third parties, medical costs and death of third parties. Add-on Riders … Read more